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Brio Realty: Washington Real Estate, Whatcom County And Bellingham Property
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Published: May 7, 2007
With the recent nation-wide downturn in the home construction and real estate industry, the prices on prime real estate have started to come down to more affordable levels. One possible future hotspot for development is the northern Washington seaboard. Companies like Brio Realty are hoping to capitalize on the appeal of lowered home costs to the mostly middle class families of the region.
It remains to be seen whether or not Brio Realty or any other company will be able to take advantage of the seemingly adverse market conditions.
One advantage Brio Realty has in Washington real estate is its familiarity in dealing with middle and upper class coastal homes throughout the United States. Brio Realty sells homes across the eastern and western coastlines, which brings major national success to a highly localized industry. This is important, especially for buyers who are looking to buy land in the relatively undeveloped northern Washington real estate market. A national company like Brio Realty gives some degree of security when it comes to challenging such a market.
As an example, look at Bellingham property. Bellingham property is very attractive, especially for individuals looking to get away from the hustle and bustle of major city action. With a population of a little over 71,000 it's neither too big nor too small for most peoples comfort levels, and it is not too far from major cities like Seattle and Vancouver. Brio Realty has a few nice homes in the Bellingham area selling for an average of about $400,000 and topping out at $3 million. It might not be the first area Washington home buyers think of when moving, but Bellingham is certainly an attractive city and Brio Realty has some nice properties available.
More adventurous buyers can look elsewhere in Whatcom County for real estate. In addition to its proximity to major urban areas, Whatcom County is known as one of the top areas in the United States for retired persons to live. The total population of the county is less than 170,000, affording a quieter lifestyle. Additionally, Brio Realty sells homes on the Whatcom market nearby hunting, fishing, and other outdoors leisure activities. The main issue Brio Realty or any other dealer would find selling homes in the Whatcom market is the oil pipeline that is a fixture of the area, and spilled in 1999.
Currently, mortgage rates are very affordable in Washington, running around 5.95% depending on the origin of the loan. While rising prices and a somewhat shaky economy have scared a lot of people away from home buying and real estate investing, a good rate on a 15 year mortgage and lowering housing costs might be enough to get some people to bite. Brio Realty has been willing to take that bet, and with Whatcom county and its cities seeing a nice boom in retiree communities, it seems like a worthwhile investment. Northern Washington is certainly an extremely attractive and relatively undeveloped area for those looking to dip their toes into the real estate market, and brokers like Brio Realty are offering good incentive to make those purchases.
Sources:
Washington Real Estate. Brio Realty. 2004-2007. 6 May 2007. http://washington.briorealty.com/.
"Bellingham, Washington." Wikipedia. 6 May 2007. 6 May 2007. http://en.wikipedia.org/wiki/Bellingham%2C_WA.
Whatcom County. City Data. 2000-2007. 6 May 2007. http://www.city-data.com/county/Whatcom_County-WA. html.
Today's Washington Mortgage Rates. HSH Associates. 2007. 6 May 2007. http://www.hsh.com/ls-wa.html.
Related Articles
One advantage Brio Realty has in Washington real estate is its familiarity in dealing with middle and upper class coastal homes throughout the United States. Brio Realty sells homes across the eastern and western coastlines, which brings major national success to a highly localized industry. This is important, especially for buyers who are looking to buy land in the relatively undeveloped northern Washington real estate market. A national company like Brio Realty gives some degree of security when it comes to challenging such a market.
As an example, look at Bellingham property. Bellingham property is very attractive, especially for individuals looking to get away from the hustle and bustle of major city action. With a population of a little over 71,000 it's neither too big nor too small for most peoples comfort levels, and it is not too far from major cities like Seattle and Vancouver. Brio Realty has a few nice homes in the Bellingham area selling for an average of about $400,000 and topping out at $3 million. It might not be the first area Washington home buyers think of when moving, but Bellingham is certainly an attractive city and Brio Realty has some nice properties available.
More adventurous buyers can look elsewhere in Whatcom County for real estate. In addition to its proximity to major urban areas, Whatcom County is known as one of the top areas in the United States for retired persons to live. The total population of the county is less than 170,000, affording a quieter lifestyle. Additionally, Brio Realty sells homes on the Whatcom market nearby hunting, fishing, and other outdoors leisure activities. The main issue Brio Realty or any other dealer would find selling homes in the Whatcom market is the oil pipeline that is a fixture of the area, and spilled in 1999.
Currently, mortgage rates are very affordable in Washington, running around 5.95% depending on the origin of the loan. While rising prices and a somewhat shaky economy have scared a lot of people away from home buying and real estate investing, a good rate on a 15 year mortgage and lowering housing costs might be enough to get some people to bite. Brio Realty has been willing to take that bet, and with Whatcom county and its cities seeing a nice boom in retiree communities, it seems like a worthwhile investment. Northern Washington is certainly an extremely attractive and relatively undeveloped area for those looking to dip their toes into the real estate market, and brokers like Brio Realty are offering good incentive to make those purchases.
Sources:
Washington Real Estate. Brio Realty. 2004-2007. 6 May 2007. http://washington.briorealty.com/.
"Bellingham, Washington." Wikipedia. 6 May 2007. 6 May 2007. http://en.wikipedia.org/wiki/Bellingham%2C_WA.
Whatcom County. City Data. 2000-2007. 6 May 2007. http://www.city-data.com/county/Whatcom_County-WA. html.
Today's Washington Mortgage Rates. HSH Associates. 2007. 6 May 2007. http://www.hsh.com/ls-wa.html.
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