Demand, Growth, Appreciation

There are many factors here and it is hard to prioritize but lets start with the need for people to get out of the grid lock in traffic when they retire. In our cities across the country commuters are spending more and more time commuting back a forth to work. Our inability to provide rapid transit for our commuters costs us dearly in lost time and frustraton for the commuter. Given a choice when they retire, retirees want to live in a community where they can have some guarentee they can travel from A to B in a designated period of time, have a moderate climate, health care and recreation. Bellingham has no traffic grid lock primarily because we are a retirement community without set commuter patterns. Our growth will come from a new generation of retirees the "baby boomers" who started comming on the market January 1, 2011 at a rate of 10,000 per day which will continue for the next 19 years and with that comes Demand, Growth and Appreciation of Bellingham's property values as a "retirement community". At the end of the 1st quarter of 2008 Bellingham's 5 year home appreciation rate was greater than 50% and we will recover from this recession and return to that 5 year appreciation. You can view this graph on my web site page "Developers, Investors".


Our "Waterfront Development Project" will make a huge contribution to Demand, Growth and Appreciation with the addition of a over the water boardwalk in 2012 from Boulevard Park to the Waterfront District enabling walkers and bikers to walk and  bike from  Fairhaven to the Waterfront District free of automobiles. To learn more about the "Waterfront Development Project" please visit "local news" on my web site http://www.beautifulbellingham.com/  .

Invest Now in Bellingham Real Estate

With interest rates at a all time low and the recovery of the real estate market just begining now is the time to invest in Bellingham Real Estate. Add to that Bellingham is a perfect retirement community with our strategic location, recreation, 40 miles of trails and 15 minute access to all services within the city limits. And there is a new market dynamic of 10,000 Baby Boomers entering the market every day which started on January 1, 2011 and will continue for 19 years. If that is not enough we have the Waterfront Development Project which will transform the city connecting Bellingham to its waterfront and provide a new life style with over-the-water board walks, traffic free pedestrian walkways, hospitality and housing. Please visit "local news" on my website to learn more about the the scope of the the Waterfront Development Project. I will do my very best in this blog to make a case for real estate investors to consider investing in Bellingham and I am looking forward to the interaction. This will be a series addressing (1) Demand, Growth, Appreciation (2) Off Campus Student Housing (3) Waterfront Development Project (4) Adjacent Properties (5) Short Sales, Bank Owned.