Bellingham Business Journal, August 05, 2013

Page 1

DECISION TIME | Interest grows in Bellingham waterfront projects

Year 21 No. 8 $1

August 2013

FLOATATION THERAPY | PAGE 14

SUMMER HIRING BUSY FOR BUILDERS, RETAILERS Whatcom County’s unemployment rate stays on similar track to 2012 trends By Evan Marczynski evan@bbjtoday.com

The Port of Bellingham received eight responses to its recent call for proposals on a 10.8-acre chunk of property in the future Waterfront District. Port staff, along with city, county and Western Washington University officials, are starting a review/ interview process with the eight firms—some local, others global—wanting to be the first to get a crack at redevelopment on Bellingham’s waterfront. EVAN MARCZYNSKI PHOTO | THE BELLINGHAM BUSINESS JOURNAL

New waterfront proposals head under review | SEE STORY ON PAGE 12

Local home sales reaching six-year high By Evan Marczynski evan@bbjtoday.com

H

ome sales in Whatcom County have reached their highest level since 2007, according to an analysis of market activity in the second quarter of 2013 by Lylene Johnson of The Muljat Group.

Sales from the second quarter this year rose 18.6 percent to 656 compared the same quarter one year ago, according to Johnson’s analysis. The Whatcom County communities of Bellingham, Blaine/Birch Bay, Ferndale and Sudden Valley saw sales increases of more than 20 percent. It is the strongest activity since

803 homes were sold in Whatcom County during the second quarter of 2007. Johnson, who has tracked trends in the local market for more than a decade, based her report on data from the Northwest Washington Multiple Listing Service, a broker-owned organization based in Kirkland that

serves 21 counties in Washington and includes more than 21,000 broker members. The upward trend in sales activity is good news for the county’s housing sector, Johnson said. The median price on homes

C

onstruction industry hiring in Whatcom County jumped more than 10 percent in June this year compared to the same month in 2012, according to the latest employment data from the state’s Employment Security Department. In the midst of the building season, the construction industry gained 600 more jobs in June than it supported during the same month last year. Total private sector employment in Whatcom rose year-overyear in June, as well, with 1,500 new jobs added. Whatcom’s unemployment

HIRING | Page 5

HOUSING | Page 5

INSIDE THIS ISSUE: Candidate Q&As for the Port of Bellingham election | PAGE 6 Space reserved for mailing label

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