Tuesday, January 9, 2018

A Nice Surprise When Renting Your Vancouver WA Home

Planning to go to the Masters Golf Tournament next April 2-9th and don’t have a place to stay? Each year, there are homeowners who rent their home for a big premium during the Masters because hotels are in short supply with premium prices, and demand for private homes is up.47360108-crop.jpg
Homeowners go on vacation and make tax-free income while temporary tenants rent their home. Homeowners can benefit from a little known provision in the tax code that does not require taxpayers to recognize the income derived from renting their home for less than 15 days per year. See Plan Ahead for Tax Time When Renting Out Residential or Vacation Property- special rules.
This situation can particularly benefit homeowners where there are large sporting events nearby like golf and tennis tournaments, championship games or other high attendance venues. The demand for a private residence can be more attractive than staying in a hotel which makes the price go up.
Here in Vancouver WA we may not have the Huge Convention or Sports Arena type event however, our area is attractive in the summer season and the local hotels fill up; or, you may have that vacation cabin at the beach that you don't use the entire summer.
Obviously, there are challenges with personal belongings and insuring for damage but getting a premium rental rate and not having to recognize the income could be worth it. You’ll certainly want to discuss this with your tax professional prior to making this decision. You’d probably also want to get some help from an experienced real estate professional.
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PS - 2018 is already starting out with our local market being very hot for homes and real estate. If you are thinking about selling please contact us for your Free Market Analysis!

Monday, January 8, 2018

Condos For Sale in Vancouver WA - November 2017

 Vancouver WA Condos for sale in Short Supply in November 2017!

Despite a chronic very low level of Active units available, sales have remained strong for Condos in Vancouver Washington.  This combined condition is expected continue for the next several months.



Some of my Custom Condo Charts in the video are shown below:
 
Vancouver WA Condo Sales November 2017 - Average Sales Price Trends Vancouver WA Resale Condo Sales - Average Sales Price Trend

With such low inventory with consistently strong buyer demand, the sales prices for Condominiums have a tremendous amount of support.

Unit Sales, Average & Median Prices; and Days on Market information are shown in the charts below (from RMLS chart-tools):

Charts of Vancouver WA Condo Sales Trends in November 2017 Vancouver Condo Sales Inventory & Days on Market Trends

The first chart - Inventory-by-Month, shows the bump-up in Closed Sales from last month, with the New Listings and Pending Sales at a roughly 40-units-per-month level.

The second graph shows the higher closed sales prices and much higher average list prices for this month.

Finally, both Average Days on Market and the Median Days on market rose slightly - but still evidence of a relatively brisk market. 

It has been my pleasure sharing with you my report on the Vancouver WA Condo Market in November 2017.  I look forward to your questions or comments; and would love to help you sell or buy a condo!




This month's condo search link highlights Condos for sale in Downtown Vancouver WA .   Many of these condos are located on or near Esther Short park (seen in the video above).  One of the Heritage Place condo buildings is shown here.



PS
- I Love to Sell Condos! If you are thinking of selling your condo this year, I offer a no-cost, no-obligation Vancouver WA Condo Market Valuation, and invite you to try it out!



The statistics used for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Listing Realtor® John Slocum, are based on condo sales recorded in the Vancouver MLS system (RMLS), excluding sales of newly constructed condos.
Disclaimer: as with all real estate statistics, I do my best to provide the best representation at the time the data was acquired.  The data and reports are deemed reliable but not guaranteed.

Sunday, December 31, 2017

Clark County WA Real Estate - November 2017 Report

Reasonably Good Sales Results For Clark County WA's Real Estate Market in November 2017.

With one month remaining in the year real estate in Clark County finds us with sales-prices are at near record-highs and a very low-inventory of available homes. Here are some of the highlights for November's results: 
  • Average-Sales Prices remain at record highs, with the 12-month/long-term trend line up 10.27% compared to November 2016,  and the 3-Month Moving Average  is up 10.56% from last year; 
     
  • The Inventory for Resale Homes reduced farther to a very-low 1.2 Months Supply;
     
  • Approximately 566 Resale Homes were sold in the month, which is about 46 fewer (-7.5%) homes than in 2016; and 49 fewer than last month.
     
  • REO/Bank Owned property sales were 9 units (1.6% of total); down from 14 (2.3%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 2 units (0.4% of total); down from 6 (1.0%) in 2016.
The month-end, 30-year-fixed home loan benchmark interest rate is 3.92% (up from 3.90% last month) according to Freddie Mac; compared to 3.77% for November 2016.

Next up we have our custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. We employ a simple "smoothing" technique to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 
Clark County Home Sales November 2017- Units Sold Clark County Home Sales - Units Sold Trend November 2017
The declining short-term trend-line is closing in on the longer-term trend-line, and should pierce it next month. The long-term line is going sideways this month; perhaps hitting a resistance level? Year-to-date there are about 146 (-2.2%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are showing the typical softness/retreat we see this time of year; while the long-term trend is unchanged in its upward run. 


Clark County Home Sales November 2017- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend November 2017

The November short term Average sales price for Clark County is now up to $367,271. This is an increase of about $35,071 from the same month last year.

Charts of Vancouver WA Home Sales Trends in November 2017 Clark County Home Sales Inventory
& Days on Market - November 2017

These final three graphs from RMLS show:

A noticeable drop in both Pending Sales and new Listings, while closed sales were at a strong level. 

In the second graph we now see the average list price exceeding the closed sale price; as the closed sales prices were a bit soft this month.

Finally, for the Days on the Market, the Average lost about a day, while the Median moved up a couple of days from the prior month.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.


PS - This is a great time to Market Your Home for 2018; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Real Estate | Brush Prairie WA Homes | Camas WA Real Estate | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Real Estate | Yacolt WA Homes | Amboy WA Homes


The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.

Saturday, November 25, 2017

Homes for sale Clark County WA - October 2017

Clark County WA's Homes For Sale Turned in Improved Results in October 2017.

Nearing the end of another strong sales year for homes and real estate in Clark County; closed sales-prices are at record-highs; with continued low-inventory of available homes. Here are some of the highlights for October's results: 
  • Average-Sales Prices remain at record highs, with the 12-month/long-term trend line up 9.9% compared to October 2016,  and the 3-Month Moving Average  is up 10.01% from last year; 
     
  • The Inventory for Resale Homes has shrank slightly to the still very-low 1.5 Months Supply;
     
  • Approximately 600 Resale Homes were sold in the month, which is about 9 more  (1.5%) homes than in 2016; and 31 fewer than last month.
     
  • REO/Bank Owned property sales were 6 units (0.7% of total); down from 11 (1.9%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 2 units (0.3% of total); down from 9 (1.5%) in 2016.
The month-end, 30-year-fixed home loan benchmark interest rate is 3.9% (up from 3.81% last month) according to Freddie Mac; compared to 3.47% for October 2016.

Shown below are custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. Simple "smoothing" is applied to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 
Clark County Home Sales October 2017- Units Sold Clark County Home Sales - Units Sold Trend October 2017
The short-term trend-line is well into its regular downturn which is fully expected this time of the year. The long-term line is also showing lack of strength. Year-to-date there are about 120 (-2.0%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are still moving in a positive, but perhaps slower direction. 


Clark County Home Sales October 2017- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend October 2017

The October short term Average sales price for Clark County is now up to $371,655. This is an increase of about $33,831 from the same month last year.

Charts of Vancouver WA Home Sales Trends in October 2017 Clark County Home Sales Inventory
& Days on Market - October 2017

These final three graphs from RMLS show:

A leveling of the pace of Pending Sales, with a continued decrease in new Listings, with the resultant drop in the level of Inventory. 

In the second graph we now see the average list price matching the closed sale price; and at a lower level than seen last month for new listings.

Finally, for the Days on the Market, the Average rose moderately, while the Median moved up quite a bit from the prior month's level.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.


PS - This is still a great time to Market Your Home in 2017; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Homes | Brush Prairie WA Homes | Camas WA Homes | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Homes | Yacolt WA Homes | Amboy WA Homes


The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.

Thursday, October 19, 2017

Clark County WA Houses for Sale - September 2017

Slowing Sales Moving into Fall for Clark County WA's Housing Market in September 2017.

House Sales Prices slowed their climb as Clark County's real estate market slowed considerably as we enter the Fall Season.  Inventory shrank slightly, however. Here are some of the highlights for September's results: 

  • Average-Sales Prices are at record highs, with the 12-month/long-term trend line up 10.85% compared to September 2016,  and the 3-Month Moving Average  is up 12.32% from last year; 
     
  • The Inventory for Resale Homes has shrank slightly to the still very-low 1.8 Months Supply;
     
  • Approximately 616 Resale Homes were sold in the month, which is about 76 fewer (-11%) homes than in 2016; and 121 fewer than last month.
     
  • REO/Bank Owned property sales were 10 units (1.6% of total); down from 15 (2.2%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 1 units (0.2% of total); down from 3 (0.4%) in 2016.

The month-end, 30-year-fixed home loan benchmark interest rate is 3.81% (down from 3.88% last month) according to Freddie Mac; compared to 3.46% for September 2016.

Next up we have our custom graphs/charts for Clark County WA that will help tell the rest of this housing market's story. We apply simple "smoothing" to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 

Clark County Home Sales September 2017- Units Sold Clark County Home Sales - Units Sold Trend September 2017

The short-term trend-line has clearly hit its peak, and is now easing into a slower Fall season. The long-term line is also showing weakness. Perhaps we have already seen "Peak Unit-Volume" for this market rally.  Year-to-date there are about 147 (-2.27%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are still moving in a positive, but perhaps slower direction. 

Clark County Home Sales September 2017- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend September 2017


The September short term Average sales price for Clark County is now up to $371,154. This is an increase of about $40,707 from the same month last year.


Charts of Vancouver WA Home Sales Trends in September 2017 Clark County Home Sales Inventory
& Days on Market - September 2017


These final graphs from RMLS show:

A somewhat strong drop in Pending Sales, and a decrease in new Listings, with no change in the level of Inventory. 

The second graph shows one of the strongest gaps this year when comparing the average price of new listings with the actual closed-sales-prices.

Finally, for the Days on the Market, the Average is still in its typical upward rise, while the Median is in a  low range that will likely show more seasonal sluggishness next month.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.
 


PS - There is Still Time to Sell Your Home in 2017; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Homes | Brush Prairie WA Homes | Camas WA Homes | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Homes | Yacolt WA Homes | Amboy WA Homes



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.

Thursday, September 7, 2017

Clark County WA Home Values - July 2017

Improving Inventory with Continued Rising Prices for Clark County WA's Real Estate Market.

Clark County's real estate market has hit the peak for the season, while still relatively strong.  Inventory is still low but improving,  with Sales Prices at record high levels. Here are some of the highlights for July's results: 

  • Average-Sales Prices are at record highs, with the 12-month/long-term trend line up 11.01% compared to July 2016,  and the 3-Month Moving Average  is up 11.18% from last year; 
     
  • The Inventory for Resale Homes has slowly improved and is now at a still-low 1.8 Months Supply;
     
  • Approximately 639 Resale Homes were sold in the month, which is about 7 fewer (-1.1%) homes than in 2016.
     
  • REO/Bank Owned property sales were 5 units (0.8% of total); down from 18 (2.8%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 5 units (0.8% of total); down from 9 (1.4%) in 2016.

The month-end, 30-year-fixed home loan benchmark interest rate is 3.97% (down from 3.9% last month) according to Freddie Mac; compared to 3.44% for July 2016.

We have created our own graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. A simple "smoothing" technique to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 

Clark County Home Sales July 2017- Units Sold Clark County Home Sales - Units Sold Trend July 2017

This is the time of the season that we see the short-term trend-line hit its peak. This year we'll see if that takes place in July or in August.  The long-term line is at a lower level than last year, as there have been about 129 fewer sales this year compared to last.

For the next chart: Average Sales prices (shown below) are still on the upswing, as the number of active home-buyers is still out-matching supply. 

Clark County Home Sales July 2017- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend July 2017


The July short term Average sales price for Clark County is now up to $360,496. This is an increase of about $36,238 from the same month last year.


Charts of Vancouver WA Home Sales Trends in July 2017 Clark County Home Sales Inventory
& Days on Market - July 2017


These final graphs from RMLS show:

A slight up-tick in Pending Sales, combined with a decrease in new Listings caused the slowing of the change in the level of Inventory. 

The second graph shows the continued up-side gap comparing the average price of new listings with the actual closed-sales-prices.

Finally, for the Days on the Market, the Average has begun its typical upward rise, while the Median is in a very, very low range.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.
 


PS - There is Still Time to Sell Your Home in 2017; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Homes | Brush Prairie WA Homes | Camas WA Homes | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Homes | Yacolt WA Homes | Amboy WA Homes



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.

Tuesday, September 5, 2017

Camas WA Home Values - July 2017

Home Sales Prices Still Up on MORE Homes Sold for Camas WA in July 2017

 Camas WA Home Values  "slowed" their upward climb this month; with inventory improving in spite of increased Closed Sales. Here are the July 2017 highlights:

  • The Average Price Trend is still moving upward strongly in July, with the 3-Month Moving Average Up 16.66% from the year before; while the 12-Month Moving Average was up 13.34%
     
  • The Inventory level moved up to 2.7 months (from 2.5 months) for Resale Homes. Have Home Owners been accelerating their Selling/Moving Plans?  
     
  • Approximately 51 Resale Homes closed in July 2017, compared to 36 Sold in 2016;  which is 15 (39.5%) more than in 2016;
     
  • REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2016.

The short-term Average Sales Price for a Home in Camas eased slightly, and is now approximately $484,846; which is about $69,247 higher than the same statistic in 2016! This average price is 34.3% higher than the Clark County average. 

Next up will be our custom charts for Camas Real Estate & Home Sales shown below:

Camas Resale Home Sales July 2017 - Units Sold Camas Resale Home Sales - Units Sold Trend July 2017

Unit-sales are up strongly for the month, but down a bit (about -18 homes) so far this year. 

The Average Sales Prices (chart below) are higher than in previous years, the 2017 level setting records: 

Camas Resale Home Sales 2014 - Average Sales Price Trends Camas Resale Home Sales - Average Sales Price Trend July 2017

This month's increased unit sales, with the monthly average just under $500,000, is likely very reflective of where the short-term trend will top out for the year.

Our final chart-collection come from the RMLS Statistics package:

Charts of Camas WA Resale Home Sales Trends in July 2017 Camas Resale Home Sales Inventory & Days on Market - July 2017

 New Listings increased, while Pending Sales decreased as shown in the first chart, with the gap between new listings and pending sales reflective of the improving Inventory.

In the Second Graph the Average Price List Price and Average Sales Price are still at a high level.

The final chart has the Average Days on Market increasing; with the Median Days on Market dropping to a very brisk pace! 

Thank you for visiting our report on real estate & home sales in Camas Washington.  Your questions or comments are welcome!



PS -
the Seller's Market for Camas WA will break many records in 2017.  If you are thinking of Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Online Camas WA Real Estate Home Price Valuation, and invite you to try it out Today!

PPS
- You are welcome to visit our page for Homes for sale in Camas WA , where 16 neighborhood searches are set up, such as: Homes for sale in Lacamas Shores, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA,   Property listings are from the entire RMLS.


The Camas Real Estate charts in this report (prepared by Camas WA Real Estate Broker John Slocum, our resident statistician) are based on home sales recorded in the Camas  MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in the Camas real estate market.

Disclaimer: as with any real estate statistics, we always do our best to provide the best representation at the time the data was acquired.  We deem the data and reports reliable but not guaranteed.