Check out my new listing!

(click on the picture to see the full view)

View! Arguably one of the best views in Ferndale. Mt Baker, Islands, Bellingham Bay, and sometimes Mt Rainier. 5 bedrooms and 4 bathrooms, tons of storage, indoor workshop, 3-car garage, fenced yard, and lots of extra parking for your toys. Recent exterior paint plus some inside painting and a landscape tune-up. Not your typical split-level ... see the entry. Lower level has a large family room with a gas insert, full bath and 2nd kitchen. Lots to see!

Is the economy turning around?

Towards the end of 2005, things took a drastic turn for the worse here in Whatcom County. In fact, the rest of the country was about to end up in turmoil. Real estate prices dropped as the mortgage market began to collapse in on itself. Buyer confidence reached an all-time low. Where was the light at the end of the tunnel?


It seems as if we are there according to a recent Wall Street Journal article. In fact, Bellingham is in the top 5 of housing markets that are most likely to rise this year.

According to this recent Wall Street Journal article posted May 11, 2011 these are the top 5 cities across the country that home prices will increase.

Bellingham # 5
Spokane # 4
Tacoma # 3
Madera -Chowchilla # 2
Mobile Alabama # 1

This is exciting news for the pacific northwest and especially for our local economy. Home prices are expected to increase 12.4 % by the end of 2012.

Take heart my fellow Washingtonians, I'm George Geer, and I'm seeing the light at the end of the tunnel.


P.S. Note Spokane and Tacoma both making it into the top 5.

www.georgegeer.com and coming www.homesinferndale.com

Bluebonnet Trail Listing

2406 Bluebonnet Trail. Newer house and huge shop
on 5 plus acres. Barn and seclusion included. $324,900. mls# 80715

Salmon Ridge Listing

Salmon Ridge Lane. 7.1 acres W/water, power,
phone, building site and owner terms. $79,000. mls# 33236.


Also, 19.44 acres
w/same amenities plus a view! $159,000. mls# 33254

Pending Homes Sales Rising

Pending home sales rose 3.2 percent from June to July, with a surge in sales in the Western U.S. outweighing declines in the Northeast and Midwest, the National Association of Realtors said today.
It was the sixth consecutive monthly increase in pending home sales, a trend that NAR Chief Economist Lawyrence Yun expects to continue before falling off in the first quarter of 2010 if a tax credit for first-time homebuyers is allowed to expire Nov. 30.

Every week the Bellingham Herald comes out with a listing of all property sales in our area. There were two weeks in July where 80% of the sales were under $300,000 which indicates that a lot of these buyers were probably first time home buyers. I'm hoping that they continue to offer the $8000 tax credit into next year since I suspect this is fueling the number of first time home buyers that are getting into the market.

Thanks for reading,

George Geer

www.georgegeer.com

Finally some affordable land

Finally some affordable land. I just listed two 5 acre parcels for $ 90,000 each and one 20 acre parcel for $ 175,000. Located on a high level bluff in Ferndale, these pieces have a Mt. Baker view, attractive vinyl fencing and located at the end of a quiet country road. Services at the road are, natural gas, power, and PUD water. Buyer will have to dig their own well and the septic designs have been submitted to the health department. Well priced...Check them out.

Thanks for reading,

George Geer

www.georgegeer.com