Federal report: Home prices drop in Bellingham

Written by Dave Gallagher | The Bellingham Herald | August 25, 2010

The Federal Housing Finance Agency released its home price index for metro areas in the second quarter of 2010, with most Washington communities showing a decrease year-over-year. I’ll put together a story later today, but the percentage changes are below. Note how the five-year appreciation (before the housing market boom) for many Washington communities is now in the single-digits, percentage-wise.

Changes in the all-transaction House Price Index for Washington metro areas from the second quarter of 2010:

Area, Year-over-year change, Five-year change
Bellingham, down 4.7 percent, up 9.8 percent
Bremerton, down 6.4 percent, up 6.6 percent
Kennewick, up 1.4 percent, up 12.6 percent
Longview, down 7.8 percent, up 11.8 percent
Mount Vernon, down 6.3 percent, up 9.4 percent
Olympia, down 3.4 percent, up 13 percent
Seattle, down 6.5 percent, up 6.9 percent
Spokane, down 5.1 percent, up 17.8 percent
Tacoma, down 9.2 percent, up 2.8 percent
Wenatchee, down 7.3 percent, up 30.2 percent
Yakima, down 4.5 percent, up 18.5 percent.