Posted on November 6, 2009
Bellingham's real estate market has stabilized. Most real estate professionals believe that from now forward the market will stay level in regards to volume of sales and average price, with a modest and slow growth starting spring or summer of next year.
The most exciting economic event at hand is the fact that BP Oil and Gas Refinery at Cherry Point (located West of Ferndale and South of Birch Bay) has started to spend some of the One Billion Dollar "turn around" plant upgrade construction project. Dawson Construction a Local Contractor ( also regional and interstate Alaska project have done well for Dawson Construction Co.Construction) is currently building a $30,000,000 building on the plant site. When the next phase begins it will help the total whatcom county housing market not to mention all other economic sectors of the marketplace.