The story of Bellingham's growth is something of a chicken and egg scenario: is the real estate market thriving because so many have chosen to relocate to Bellingham, or is it the other way around? Whatever the case, in the last few years Bellingham has experienced tremendous growth: a population increase of a whopping 12% since 2000, and a demand for property that has seen the Bellingham condominium market explode. Also since the year 2000, the average Bellingham condo price has doubled, although there are still condos within the $100,000 price range.
There are a number of factors to consider when purchasing a condo. Will this be a rental property, or will you be living in your condo? Does the lifestyle of this particular condo complex suit your lifestyle? Do you want to pay extra for amenities like a pool or exercise room? Other considerations will impact the price as well: corner suites, desirable views, and of course the type of neighborhood.
Fortunately, Bellingham's selection of condos covers a wide range, offering a variety of designs & locations: from downtown high rise condos with spectacular views, to low-rise condos nestled among Bellingham's forests and parks. Price and size varies as well, from the $100,000 range for a few hundred square feet, to over $1 million for luxury condos of up to 5,000 square feet. With so many choices and factors to consider, your first choice should be the Home 4 Investment Team.
- Contact Ben Kinney and the Home 4 Investment Team, Bellingham Condo Realtors