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Bellingham, WA - House Price Index (HPI) - 29 Year Chart
Bellingham Real Estate Market
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1000
The House Price Index (HPI) shows changes in Bellingham, WA single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, April 17, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Bellingham Real Estate Index: 29 Year Chart
Home Values Appreciation Rate - US Cities
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Bellingham Real Estate Market: Trend, Analysis & Statistics
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Commentary  10091
4th Quarter, 2011 Housing Statistics: Bellingham, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      80%

Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Bellingham housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Bellingham is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Bellingham is 80% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Bellingham Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      80%

The forecast for the trend in the Bellingham housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Bellingham is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Bellingham is 80% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Bellingham
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Bellingham, Washington


Historical Home Price Appreciation
Last Quarter                                     -0.56%
Last Year . . . . . . . . . . . . . . . . . . . .  -3.7%
Last 5 Years                                     -11%
Last 10 Years . . . . . . . . . . . . . . . . . 62%
Last 20 Years                                   134%
Decline From All Time High               14.73%


Annual Home Price Appreciation Rates
1982      5.28%
1983      -4.43%
1984      2.39%
1985      0.63%
1986      0.95%
1987      0.62%
1988      11.43%
1989      20.52%
1990      25.06%
1991      4.98%
1992      9.50%
1993      5.34%
1994      1.60%
1995      5.05%
1996      0.78%
1997      2.63%
1998      2.31%
1999      0.52%
2000      4.16%
2001      5.68%
2002      6.04%
2003      12.52%
2004      20.36%
2005      20.06%
2006      5.93%
2007      3.71%
2008      -2.80%
2009      -6.06%
2010      -2.73%
2011      -3.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.56%        Rank: 315 of 381 (17th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.7%          Rank: 250 of 381 (34th Percentile)
Last 5 Years                              -11%           Rank: 231 of 381 (39th Percentile)
Last 10 Years  . . . . . . . . . . . .   62%            Rank: 9 of 381 (97th Percentile)
Last 20 Years                            134%          Rank: 24 of 355 (93rd Percentile)
Decline From All Time High        14.73%

Home Price appreciation rates for Bellingham, WA are shown above for five
time periods. For example: Bellingham appreciated -0.56% in the Last Quarter.
At that rate, the Bellingham Real Estate Market was ranked 315th out of 381
metropolitan areas for Real Estate Appreciation. Bellingham was in the 17th
percentile. So Bellingham, WA performed better in the Last Quarter than 17%
of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Bellingham, Washington

The all time high in the Bellingham Home Price Index was 228.2 in the 1st
Quarter, of 2008. The 4th Quarter, 2011 index value was 194.6. That's a
decline of 33.62 points or 14.73% below the Bellingham Home Price Index all
time high.  The Home Price Index indicates that the Bellingham Market is up
62% over the last 10 years. Home Prices in the Bellingham Real Estate Market
have lost 3.67% over the last 12 months. Over the last thirty years, it is up
334%.

The 4th Quarter index value was 1.10 points lower than the 3rd Quarter, 2011
index value of 195.66, resulting in a 0.56% decline for the 4th Quarter in the
Bellingham Market.

The Bellingham Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holder for consecutive declines in the
Home Price Index is Las Vegas, NV, with declines in the last 20 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 4 consecutive quarters.

The highest annual home appreciation rate in the Bellingham Real Estate
Market was 29% in the twelve months ended with the 2nd Quarter of 1990. The
worst annual home appreciation rate in the Bellingham Market was -7% in the
twelve months ended with the 1st Quarter of 2010.

The highest home appreciation in the Bellingham Real Estate Market over a
three year period was 70% in the three years ended with the 1st Quarter of
1991. The worst home appreciation over a three year period in the Bellingham
Market was -15% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Bellingham Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Bellingham Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Bellingham Real Estate Market. Another opens a forecast for
appreciation rates in the state of Washington. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Bellingham Home
Prices will be at your fingertips when you need them.

Historical data on the Bellingham Home Price Index is available back to the 1st
Quarter, of 1979. All calculations are based on the quarterly value of the House
Price Index for the Bellingham Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Bellingham Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2011 Housing Data: Bellingham, Washington

The appreciation of Bellingham Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 4th Quarter of 2011, Bellingham Home Prices had a rank of 315,
with appreciation of -0.56%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Bellingham Home Prices had a rank of 250, with
appreciation during the year of -3.67%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Bellingham Home Prices
ranked 231, with a total appreciation of -11.3%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Bellingham Home Prices
had a rank of 9, with appreciation during the decade of 62%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Bellingham Home Prices
had a rank of 24, with total appreciation over the 20 year period of 134%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Bellingham Real Estate
Market is available back to the 1st Quarter, of 1979. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Bellingham. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)




























































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