Market Update for Bellingham Condos | 1/20/08 - 1/26/08
Posted Jan 29, 2008 @ 4:54 pm, Viewed by 461 Visitors, Read 476 Times.Market Update for Bellingham Condos
The Bellingham condo market was fairly slow this week with only pending 3 condos. The average price of condos that pended was $275,282 ($218/sq.ft.). 2 of the pending condos were located in north Bellingham and 1 condo was located in Fairhaven.
DR Horton’s The Reserve at Cordata
DR Horton’s The Reserve at Cordata had a big week. DR Horton had 6 condos closed sales this week. The Reserve at Cordata - Maples, which pended in June of 2007 was recently completed and finally closed this week. The average price of those townhouse style condos was $200,138 ($156/sq.ft.)
Cottage Creek Condos in Bellingham
11 new condos were listed with an average price of $277,277 ($190/sq.ft.) However, 5 of these 11 new condos were Cottage Creek conversions. The average price of the newly listed Cottage Creek condos was $118,000 (184/sq.ft.) Cottage Creek is an interesting condominium complex. Originally built in the late 1970’s as apartment buildings, Cottage Creek is now being converted into condominiums.
Condo Conversions
Converting apartment buildings to condominiums has become a popular practice over the last few years. Most of the work necessary in completing a condo conversion occurs in writing the Condominium Declaration and Bylaws, as well as the Public Offering Statement. It is important to hire an attorney experienced in condo conversions when undertaking a project of this scope.
Bellingham Condos Best Buy of the Week
This week’s best condo buy in Bellingham is a ground level unit in Chartwell Estates. This 2 bedroom, 2.5 bathroom and 2,029 sq.ft. condo is…
Read More at Hot Buys in Bellingham Real Estate
Ryan Martin, e-Pro®, Realtor® - 360-319-0040
Windermere Bellingham | Bellingham real estate | Bellingham condos
This Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
0
Total Users:
2,392
Entries:
7,611
Unique Views:
6,465,737
Total Views:
6,804,409
Total Comments:
9,392
Total REW Points:
510
Ryan Martin is a residential real estate agent with Windermere Real Estate/Whatcom, Inc. In Bellingham, Washington. Ryan is a technologically savvy agent with over 6 years of real estate experience. Read More
- This User's Stats
Rate this Post!
Share this Post
Print
Social Bookmarking
View My Listings
Contact Me
RSS Feed
Top Rated
REW Blogs RSS Feed