2007, through February, is comparing
favorably to activity levels and prices in 2006. The number
of residential units sold in Bellingham is up 10.7% over
2006 and average prices increased by 4.4% over the first
2 months of 2006. However, these increases were driven by
strong gains in January. February 2007 was actually down
9.2% in number of units sold and 3.6% in average sold price
from February of 2006.
Inventory levels are still much higher (507 units at the end of February 2007
compared with 418 at the same time in 2006) and the number
of homes with pending sales are down considerably (193
compared to 226 in 2006).
Whatcom County as a whole posted
gains of 5.1% in average sold price in the first 2 months,
driven primarily by strong pricing in Ferndale and Sudden
Valley. Units as a whole were off a bit (1.9%)
If you would like information
about any specific areas, feel free to call us at (360)
527-8766 or email Lylene and
we will get right back to you. If you know someone who
would like these regular updates, just give us their
contact information and we would be happy to include them.
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