It's wet and cold in Bellingham, WA this Monday, January 28, 2013 with more rain expected per the weekly weather forecast.
Is this a good time to sell your home or condo here in Whatcom County? When comparing Whatcom County real estate sales in 2012 with the sales of 2011, we find home and condo prices both rising.
There were 2,072 single family homes that sold in 2012 compared to 1,840 in 2011. The median home price in 2011 was $241,500; the median price in 2012 was $250,000 - a price increase of 3.52% over 2011. Home sales increased by 12.61%.
As for condos, the median price in 2012 was $178,250 compared to $165,000 in 2011 reflecting an 8.03% increase in price. 328 condo units sold in 2012 compared to 249 in 2011 - a 31.73% increase in condo sales.
In summary, prices of home/condos and sales of both are going up! Home and condo inventory is presently down. This tends to drive prices up even higher, as low inventory creates a demand. So if you’re contemplating putting your home or condo up for sale, now is a very good time to do so.
Just call 360-676-8990 and ask any one of our experienced agents for a free Market Analysis of your home!