Tom DeRose
Coldwell Banker Miller-Arnason
Tom DeRose :: Wireless: 360-220-9355 :: Email: tderose@coldwellbankerma.com
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Home Buyers in Whatcom County--Who Are They
Posted on July 21, 2010
Here's a brief analysis of people buying homes and selling homes in Whatcom County in the first 6 months of 2010. The data shows the percentages of buyers and selles who bought or sold to move into a larger home, move into a smaller home, for investment, etc.
| First-time home buyers | 20% |
| Selling and moving up to a larger home | 10% |
| "Empty nesters"-- selling a larger home in which they raised their family and buying a smaller home | 10% |
| Relocating into or out of the area | 10% |
| Buying for investment | 10% |
The remaining 40% of buyers and sellers are doing so for various other reasons. The large number of first time home buyers is likely due to the first time buyers tax credit that in April. Many homes were purchased in the last few weeks of April so buyers could take advantage of this $8000 credit.
