Bellingham, WA - Local Housing Data - Summary

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Bellingham, WA Local News

Recent Numbers Show New Home Prices Climb in Bellingham, Sales Steady

Posted on: Apr 06, 2014 07:04:11 AM

Closings of new homes in the Bellingham, WA market remained steady year-over-year in January, staying level after a year-over-year increase in December from a year earlier. Closings remained level at 8 from a year earlier after the figure moved from 10 in December 2012 to 13 in December 2013.

A total of 194 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.

8 of the 223 total closings were new home closings, a shift on a percentage basis from 8 out of 302 a year earlier. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.

Pricing and Mortgage Trends

The average price for newly sold homes moved north to $318,830 from $283,088 a year ago. This followed a 14.5% bump in December year-over-year.

From the year-ago figure of $174,958, the average mortgage size on new homes moved up to $250,502. Average mortgage size on new homes went from $207,328 in December 2012 to $237,240 in December 2013.

 
 
 

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