Pacific Northwest Real Estate – best performers in the country
I am in the fortunate position of living in one of the most beautiful parts of the country in Bellingham Washington and it seems that the rest of the country and the continent for that matter knows it. The S&P/Case-Shiller Home Price Indices released today has the Seattle real estate index as outpreformed the rest of the market with a year over year gain of 9.1% with Portland ranked 3rd in price appreciation at a 5.7% gain. While most of the country suffered declines in values the Pacific Northwest all the way into Vancouver British Columbia have continued marching higher.
Major drivers for Portland and Seattle are tech jobs, not to mention access to outdoor activities not available anywhere else in the country. Bellingham continues to be one of the most popular cities of its size for retirement / recreation and investment. With the valuations of Vancouver BC continuing to climb especially in advance of the 2010 Olympics, as prices skyrocket values values across the border represent to significant a bargin to pass up for real estate starved Canadians, as well as second home purchasers and investors who can no longer afford the price or the perceived risk on property prices in Canada.
Be sure to visit our Bellingham Real Estate site for up to date opportunities in the Pacific Northwest, or drop me an email at Glenn@BuyerTours.com if you care to comment and/or ask me a question about this part of the country.
Add comment August 1st, 2007