Whatcom County and the Bellingham real estate and market has held strong compared to most areas of the country in regards to home values and market conditions. Over the last 12 months our market has continued to see declines in housing prices and has experienced about a 10% decline in values from the same time last year.
Within the last few months preforeclosures have almost doubled, although the percentage of those that actually end up bank owned are definitely fewer. Short sales and bank owned properties are a big percentage of home sales these days. Which means overall they're bringing down home values in those areas.
For more information on Buying a Bank Owned Property, Short Sale, or other property give me a call.
Tara Camp
Search Greater Washington Bank Owned Properties at www.ConnectRealtyHomeSales.com
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