I am Ryan Martin and I have been selling real estate in Bellingham Washington for the last 6 years. During this time I have been successful selling homes when the market goes up and when the market goes down. Despite the recent down turn in national real estate, Bellingham Washington has held up fairly strong. I believe that this is largely due to the fact that Bellingham Washington was undervauled prior to the real estate bubble. As prices were inflating, Bellingham’s values were just catching up to where they should have been. Now that prices have come down, so has the inventory. There are currently only 430 homes on the market in Bellingham Washington. That is a relatively low number considering that there are 80,000 people living in Bellingham.

Where will the price of real estate in Bellingham Washington go from here? Just like everything else it depends, but we do know that Bellingham is still a very desirable place to live for many reasons. I believe that Bellingham’s desirability will help fuel the demand for homes. We also need to consider the fact that currently there are no new homes being added to the inventory, as the City of Bellingham has worked hard to eliminate growth in Bellingham. Any city with a strong demand and limited supply is going to face increased prices.

That brings me to the big question that I am asked daily… Is now a good time to buy real estate in Bellingham Washington? My answer to that question is as follows. We know that prices will recover and begin to increase as soon as the economy recovers. As soon as there are signs of recovery in the economy we are going to see a rise in interest rates. As interest rates go up, afforability will go down. I believe that right now we are in a sweet spot, where real estate prices are affordable and interest rates are low. Now is a great time to buy real estate in Bellingham Washington.

Call Ryan Martin for info. about real estate Bellingham Washington