Friday, July 7, 2017

Clark County Real Estate - May 2017 Report

Inventory of Active Listings Improves Slightly for Clark County WA's Real Estate Market.

With the local real estate market in the height of activity for this year, the number of sales is off about 6% year-to-date.  Low Inventory and Higher Prices are the likely cause. Here are some of the highlights for May's results: 
  • Average-Sales Prices are higher, with the 12-month/long-term trend line up 9.86% compared to May 2016,  and the 3-Month Moving Average  is up 10.18% from last year; 
     
  • The Inventory for Resale Homes has been creeping up and is now at a still-low 1.6-Months Supply;
     
  • Approximately 646 Resale Homes were sold in the month, which is about 9 fewer (-1.4%) homes than in 2016.
     
  • REO/Bank Owned property sales were 14 units (2.2% of total); down from 15 (2.3%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 13 units (2.0% of total); down from 20 (3.1%) in 2016.
The month-end, 30-year-fixed home loan benchmark interest rate is 4.01% (down from 4.05% last month) according to Freddie Mac; compared to 3.60% for May 2016. The recent rate "actions" by the Federal Reserve don't necessarily translate into increases in the Home Loan / Mortgage financing rates.

Our custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. We apply 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 May 2017- Units Sold Clark County Home Sales - Units Sold Trend May 2017
Unusual this year is that this is typically the month where we see the short-term line break-through the blue line.  Maybe next month for this indicator?  With the extremely low level of inventory it makes sense that the long-term line will be going sideways or downwards.

Moving to the next chart: Average Sales prices (shown below) are strongly rising, as the demand for homes to purchase has not abated much. 


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

The May short term Average sales price for Clark County is now up to $352,262.  This is an increase of about $32,559 from the same month last year.

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

These final graphs from RMLS show:

Both New Listings and Pending Sales, are rising at an almost evenly matched pace.  The result is that the inventory level is not improving very much.

The second graph shows the continued strong pressure on the average price of new listings.

Finally, for the Days on the Market, as measured by the average and median Days on Market has dropped moderately for the Average, and is in an extremely low level for the Median.

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 an Excellent Time to Sell Your Home; 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.

Wednesday, May 31, 2017

What Is My Home Worth 98685 - April 2017

98685 Vancouver WA Home Sales Heating up in April 2017


 As a Popular area in the Vancouver WA Real Estate market, the Homes for sale in 98685 have shown considerable sales activity in April, despite the low level of "Active" listings.  Here are this month's highlights from RMLS:

  • 29 Units Closed, with 38 Units going Pending;
       
  • The Average Sales Price was $447,025; with the Average New Listing's price at $526,548.
     
  • Cumulative Days On Market (CDOM) Averaged 31 Days - slightly up; while the Median dropped to 12 days!

  • The Level of Inventory moved up to 1.6 Months, although the number of new listings this month was less than the previous month.
Interest rates dropped this month and the national average was 4.05% for the traditional 30-year home loan / mortgage, although the level is a bit higher than last year's 3.61%.  With home prices continuing to rise strongly, it is expected that the home-loan market will try to sell their loans at higher rates.

Next we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in April 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart shows the level of Closed-Sales this month was less than last month, with both Pending Sales about the same level and New Listings coming in lower.

The second graph again has the average list price greatly exceeding the closed sale price average.

Average Days on Market dropped considerably this month, while the already-low Median Days on market decreased slightly- showing home shoppers are very, very active!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in April 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Housing market.

Disclaimer: as with all real estate statistics, we 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.

Friday, April 7, 2017

What is My Home Worth 98665 - March 2017

98665 Vancouver WA Home Sales Getting Stronger in March 2017.


The Hazel Dell / Lakeshore homes for sale provide an established, close-in location, just northwest of the Vancouver City limits. As we move out of the Winter 2017 season, this market is clearly going strong.  Here are this month's highlights from RMLS data:

  • 48 Units Closed, with 57 Units going Pending;
       
  • The Average Sales Price was $235,541; with the Average New Listing's price at $272,413.
     
  • Cumulative Days On Market (CDOM) Averaged 42 Days - up 12 days from last month, with the Median Days on Market dropping to 12.

  • The Level of Inventory is at 1.1 Months, which is up 2-tenths form last month - an improvement but still Seller's Market!
.
Home Loan / Mortgage rates are below 4.25% on average for the month, helping these properties to be some of the most affordable in the Vancouver WA market area.

We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98665 Sales Trends in March 2017 Homes For Sale 98665 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the somewhat low level of Closed-Sales, while Pending Sales and New Listings took a strong jump upward; leading to a slight improvement in available inventory.

Average Days on Market increased moderately, while the Median Days on market increased slightly from a very low level - a clear sign "older" listings were going under contract.

Thank you for visiting and reading our report on the Vancouver WA 98665 Real Estate Market in March 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98665 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98665 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98665 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98665: Homes For Sale in NW Hazel Dell and Lakeshore; Lakeview Estates; and Homes For Sale in South Hazel Dell.



The 98665 market information statistical charts in this report (prepared by Vancouver WA 98665 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98665.

Disclaimer: as with all real estate statistics, we 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.

Wednesday, April 5, 2017

What Is My 98685 Home Worth - March 2017

98685 Vancouver WA Home Sales Heating up in March 2017


 As a Popular area in the Vancouver WA Real Estate market, the Homes for sale in 98685 have shown considerable sales activity in March, despite the low level of "Active" listings.  Here are this month's highlights from RMLS:

  • 26 Units Closed, with 53 Units going Pending - a big increase in the pending over last month;
       
  • The Average Sales Price was $369,254; with the Average New Listing's price at $302,073.
     
  • Cumulative Days On Market (CDOM) Averaged 16 Days - slightly up; while the Median dropped to 16 days!

  • The Level of Inventory remained at 1.2 Months, with a strong level of new listings nearly matched by the Pending Sales!
Interest rates are were at 4.2% for the traditional 30-year home loan / mortgage; and can be even lower with certain options such as a 5-7/1 ARM was at 3.21%.  Home prices will keep rising in the near term, and the best advice for home buyers is to get pre-approved and look at the various Fixed Term (15 year or 30 year) and Adjustable Rate loan options.

Next up we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in March 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart shows the continued low level of Closed-Sales, with both Pending Sales and New Listings taking a huge upward jump.

The second graph is showing overall upward trend in closed and listed prices for homes in 98685.

Average Days on Market bumped upwards, while the Median Days on market again dropped substantially - showing home purchase activity has gone into over-drive!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in March 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Housing market.

Disclaimer: as with all real estate statistics, we 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.

Tuesday, April 4, 2017

Real Estate Broker Lock Box Report for March 20, 2017

Realtor Lock Box Openings Increase to Typical Season-High Levels!

Moving farther into the new year of 2017, we have a continued mis-match of Home Buyers to Home Sellers; with Available Inventory at an Extremely Low level (ref: What is My Vancouver WA Condo Worth - January 2017). The following chart is provided by RMLS, showing that real estate brokers have been opening boxes for Condos and Homes now almost 5,000 times for the week of March 20th.  

Chart of RMLS Washington Lockbox Statistics March 20 2017 RMLS Washington Lock-Box Activity - Week Ending 3-20-17
This level of activity is not usually seen until mid-summer (Peak of the Year). 

Here are our recommended Home Owen Action Items if you are thinking of selling:
  • Commence with Maintenance and Repair items. Buyers will still be interested in a Condo or Home in Excellent Repair.
     
  • Pack-up and De-Clutter - this activity can make the spaces in your home seem so much bigger.
      
  • Fresh Paint, Clean Flooring - the Appeal to Buyers for these items cannot be understated - a Must Do!
    .
  • Contact us for your Real Estate Home Value Analysis.
Please contact us right away with any questions or assistance you may need with any of the above bulleted items - we are glad to be of assistance.

Home Shoppers - get Preapproved and save as much as you can for Down-Payment, Closing Costs and Inspection costs - these all help you better compete against other eager buyers.

Thank you for visiting and reading our real estate market update for Vancouver and Southwest Washington. Please feel free to contact us with any questions, or requests for assistance.

PS - 2017's Real Estate Market is going at full speed for Vancouver WA.  If you ace planning on Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Real Estate Home Value for your Vancouver WA Home.  We also have on-line form to request your Home Market Analysis,,  Either way we trust you won't delay!

PPS - Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

Some of the Popular Searches include:  Fairway Village Homes For Sale Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.

We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA.

This report and any custom charts (prepared by John Slocum Realtor®, our resident statistician) are based on home sales posted in the Vancouver MLS system (RMLS).

Disclaimer: as with any real estate statistics, we 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.

Saturday, March 11, 2017

What is My 98683 Home Worth? - February 2017

98683 Vancouver WA Home Sales Slowly Warming Up in February 2017.


 The Snow last month slowed the Closed sales but, the rainfall did not stop the Pending Sales activity.  Here are this month's highlights from RMLS:

  • 22 Units Closed, with 42 Units going Pending;
       
  • The Average Sales Price was $325,663; with the Average New Listing's price at $339,345.
     
  • Cumulative Days On Market (CDOM) Averaged 38 Days - down quite a bit from last month, and very brisk sales for a Winter-time Month.

  • The Level of Inventory is at 1.1 Months, which is slightly down from last month - very much a  Seller's Market!
With financing rates still in the low 4% range for the traditional 30-year home loan / mortgage; and perhaps lower with some other options. We expect the first part of the year to perhaps be the best time for home-buyers to make a purchase, with the best combination of home price plus lower-financing rates.

We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98683 Sales Trends in February 2017 Homes For Sale 98683 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the somewhat low level of Closed-Sales, while Pending Sales exceeded the level of New Listings; leading to a reduction in available inventory.

Average Days on Market dropped moderately, while the Median Days on market dropped quite a bit more - a clear sign home buyers were busy in February!

Thank you for visiting and reading our report on the Vancouver WA 98683 Real Estate Market in February 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98683 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98683 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98683 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98683: Homes For Sale in Cascade Park; and Homes For Sale in Fishers Landing.



The 98683 market information statistical charts in this report (prepared by Vancouver WA 98683 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98683, excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Housing market.

Disclaimer: as with all real estate statistics, we 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.

Thursday, March 9, 2017

Homes For Sale 98685 - February 2017 Report

98685 Vancouver WA Home Sales Slowly Warming Up in February 2017.


 With this area again being hit by somewhat severe weather in the form of record rainfall, preceded by a record snowfall in the prior month, home sales for 98685 are off to a somewhat slow start.  Here are this month's highlights from RMLS:

  • 23 Units Closed, with 38 Units going Pending;
       
  • The Average Sales Price was $367,310; with the Average New Listing's price at $501,806.
     
  • Cumulative Days On Market (CDOM) Averaged 59 Days - slightly up but still brisk sales for a Winter Month.

  • The Level of Inventory is at 1.2 Months, which is slightly down from 1.4 last month - clearly a  Seller's Market!
Interest rates are still in the low 4% range for the traditional 30-year home loan / mortgage; and can be even lower with certain options such as a 5-7/1 ARM or a 15-year fixed term.  Thus, even though prices have been rising, the home buyer in 2017 should have access to reasonably priced financing.

Next up we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in February 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the low level of Closed-Sales, while Pending Sales and New Listings both improved at about the same rate.

The second graph is showing the pricing for new listings for this zip code to be much higher than recent average sales prices.

Average Days on Market inched slightly higher, while the Median Days on market dropped substantially - suggesting home buyers are quite active now!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in February 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Housing market.

Disclaimer: as with all real estate statistics, we 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.