1-4-2019
BELLINGHAM, Wash. — Home prices in Whatcom County increased in 2018.
The countywide median price 2018 reached $382,800, up more than 12 percent from 2017.
This figure includes data from Bellingham, Birch Bay/Blaine, Ferndale, Lynden, Mount Baker, Nooksack Valley, and Sudden Valley.
Bellingham had the highest median price at $449,450, while Mount Baker had the lowest at $224,000.
Managing broker at Muljat Group Realtors Troy Muljat says the median home price has soared significantly since 2015, but recent trends show signs that the three-year increase could be nearing an end.
He says interest rates have started dropping and housing inventory is low, which will play a significant role in 2019 home sales.