After reading Saturday’s Bellingham Herald article on the local real estate market, I decided to do a bit more investigating, and found some interesting statistics contrary to theirs. They contend that the average of a price higher end home over $500,000 rose while the sale price of the market below $500,000 went down.
According to Northwest Multiple Listing service statistics that is not true for Bellingham as homes uner $500,000 average price for 2006 was $303,470 compared to 2005 at $291,843 for a 4% increase.
The upper end over $500,000: 2006 average sales price of $726,667 compared to 2005 at $675,251 for a 7.6% increase.
In Whatcom County homes that sold under $500,000 average price for 2006 was $279,642 compared to 2005 at $269,913 for a 3.6% increase.
The upper end over $500,000: 2006 average sales price of $723,694 compared to 2005 at $676,779 for a 6.9% increase.
Statistics aren’t they great. there are lots of ways to present them.