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Washington State's Whatcom County Homes Selling To Mostly Out-Of-Area Buyers

Builders' lots are selling in days to buyers who are mostly out of the area, observe Whatcom County, Washington Realtors.

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Birch Bay

"Birch Bay has become Whatcom county's hottest market for developers," says Realtor Jeff Jordan. "The housing market remains hot, as does the rest of the county."

Birch Bay Village

"Birch Bay Village is a beautiful gated community with saltwater marina, golf, tennis and sunshine," says Realtor Mike Kent. "Building lots now sell within days, if not hours, with only a handful currently available. Home prices are going up steadily as well with waterfront and waterview properties in strong demand. Out-of-area buyers tend to buy here and then convince friends and family to join them in calling Birch Bay Village home. No other development offers the combination of recreational opportunities at prices so affordable. However expect prices to rise sharply here if interest rates remain low as the Internet brings the "Village" to more and more buyers throughout North America and beyond.

Bellingham

Says Jordan, "Bellingham is consistently rated as one of the best mid-size cities to live in the country. The local market considers to sizzle for sellers as interest rates remain low and inventory levels are not close to satisfactory for buyers."

Adds Kent, "There are countless publications and media stories that have placed Bellingham near the top for best places to retire, to start a business, or to even re-invent your life. Coupled with broad Internet coverage, Bellingham is flourishing with many new beautiful developments being filled by a steady stream of outsiders.

"One out of every four buyers are now from out of the area (especially from Seattle and California)," he advises. "These buyers are seeking fresh air, little traffic and an active outdoor lifestyle with immediate access to both the sea and mountains. Prices have been rising for the past several years with homes increasing in value by as much as two percent per month. The land rush is on and there are fewer and fewer places to stake your claim. Buyers here are advised to move quickly and be prepared for competing offers especially in the properties priced under $250,000.00."

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Published: April 29, 2004

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 04/29/2004


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