Thinking of Selling in Bellingham, Looking for Advice

[Adam Q Berry-Huff]

A Little Background

I bought my first home in Bellingham about 4 years ago for $295k. The current Redfin estimate is at $419k and I owe $266k. So I essentially have about $150k in equity. It is being rented and it is cash flowing. I don't particularly need to home for any reason nor do I have any emotional attachment to it. 

The Question 

Anyway, as the price continues to climb, it has become increasingly tempting to sell it and rebuy the market after we see a dip. My question is this: I hear people talk about Bellingham like they don't expect to see it dip with the rest of the market. Or at least not to the same extent. Do you think there's any truth to this? Are there ever really exceptions? Is anyone familiar enough with Bellingham to shine some light on this? I do realize that I am somewhat asking a question nobody can really answer but I'm wondering what the opinions are on this.