Bellingham, WA Real Estate Sales Show Increase in 2007

A review of the real estate sales statistics in Whatcom County, particularly Bellingham.

Bellingham, WA (PRWEB) March 18, 2007 -- This year, through February, is comparing favorably to activity levels and prices in 2006.

The number of residential units sold in Bellingham is up 10.7 percent over 2006 and average prices increased by 4.4 percent over the first 2 months of 2006. However, these increases were driven by strong gains in January. February 2007 was actually down 9.2 percent in number of units sold and 3.6 percent in average sold price from February 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 posted a gain of 5.1 percent in average sold price in the first 2 months, driven primarily by strong pricing in Ferndale and Sudden Valley. Units sold in the county were off a bit (1.9 percent).

For information about any specific areas, feel free to call us at (360) 527-8766. To see statistics for all areas of the county, please visit our website at www.JohnsonTeamRealEstate.com and click on Market News.

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