Bellingham dirt is hitting record breaking amounts. The average price home sold in Bellingham for the past 3 months was $516,000. This is a new record high, with prices never going over $500,000.
The biggest contributor is the lack of new inventory. New construction and population growth is being pushed to other spots in Whatcom County. Think Blaine, Ferndale and Lynden. In fact, Blaine just got its first ever Starbucks…Welcome to the club.
What does the Chrystal Ball say?
Many believe this bubble is about to burst. The increases are not sustainable and valuations will begin to drop or level off in the near future.
What’s your end game?
Many current home buyers are scratching their heads trying to fulfill the “buy low sell high” mantra. If you are looking to cash in your chips and sell your home but not sure where to buy next, Call us we will help you find a great value.
Click here for full article.