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.

Tuesday, March 7, 2017

What is My Vancouver WA Condo Worth - January 2017

Shrinking Inventory in January 2017 for Condos in Vancouver Washington!

Northwynd Condos at the Waterfront Vancouver WA
 Condos in Vancouver Washington have been so popular in the past couple of years, that we are seeing a very small level of Active Inventory for pre-owned units. Here are the highlights for January 2017:


  • There were 35 Closed Sales, with 43 Units going Pending;
       
  • The Average Sales Price was $196,854, with the Maximum at $315,000;
     
  • The Cumulative Days on Market was at 49, with the Median at 21.
     
  • The Inventory Level for Resale (Pre-Owned) Condos ended the month at 0.7!

Without more Condos and Attached-style homes coming on the market in the near future, this category of Vancouver WA real estate will be strained by fewer buyer choices and prices that continue to rise faster than their long-term average..

To help see some of the Condo Vancouver WA Market Scene graphically, we've prepared the following from the RMLS statistics system:

Charts of Vancouver WA Condo Sales Trends for January 2017 Vancouver Condo Sales Inventory & Days on Market Charts

Inventory-by-Month is shown first, with the closed sales for December and January at the typically lower level compared to the remaining months of the year.

The second graph shows the relationship between Average List Price and Average Sales Price.  Being a relatively small statistically sample, this chart will tend to rise and fall on a month-to-month basis.

Lastly, we've included a 12-month table of the month-by-month sales of pre-owned condos, which will show the minimum and maximum sales prices. 

We hope you found our report helpful on the January 2017 Condo Market in Vancouver WA.  Please let us know your questions or comments; as we are glad to be of assistance!

PS - Do you have Condo Selling or Buying Plans in 2017 - then Call Us Soon!   We also offer a no-cost, no-obligation Vancouver WA Condo Valuation, and know you'll want to try it out! 

PPS - You may also want to visit the Condos Vancouver WA page at our website, where we have made it Easy to search by Neighborhood for Condos, with listings for condos from the entire RMLS.  You do not have to Sign-up to view Condominiums and Townhomes!


The information and charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Listing Realtor® John Slocum, our resident statistician) are based on condo sales recorded in the Vancouver MLS system (RMLS), 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 Condominium 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, March 3, 2017

Real Estate Broker Lockbox Report for Vancouver & SW WA - February 19, 2017

Southwest Washington + Vancouver WA Realtor Boxes Being Opened at a Strong Pace!

As we've reported in our report: Real Estate Market Report for Vancouver WA - January 2017 the home sales in this area have already seen strong activity despite the level of available listings dropping again to a very low level. The following chart is provided by RMLS, and this latest version shows that real estate brokers have been opening boxes almost 4,000 times for the week of February 19.  

Chart of RMLS Washington Lockbox Statistics February 19 2017 RMLS Washington Lock-Box Activity - Week Ending 2-19-17
The increase in lock-box openings, combined with the increase in Pending Sales puts Home Buyers on alert to be prepared for competition for the nicer listings that arrive on the market.  Here are our recommended Home Buyer Action Items:
  • Contact your home loan specialist and verify you have an acceptable FICO Score, Income and Savings Documentation; and have them help you determine your Spending Limit.
     
  • Identify the Style of Home and Neighborhood(s) you want to target for your home search.
      
  • Sign up on our website - www.ClarkCountyExpert.com, or contact us to have a custom home search set up that will alert you whenever a new listing comes on the market that meets your criteria.
    .
  • Be prepared to take time off from work if a new listing comes on the market during the week - as it may not be available by the weekend.
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 Owners/Sellers - with the weather getting somewhat better, this is a great time to take care of all those fix-ups, fresh paint, and landscape updating to give yourself a head-start on the home marketing process.  We'll discuss more Home Sale Preparation Tips in our next key-box update report.

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 already going strong 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 Comparative Market Analysis 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:  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), 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 Vancouver WA'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.  We deem the data and reports reliable but not guaranteed.

Thursday, March 2, 2017

98683 Homes For Sale - January 2017 Report

Lack of Active Listings Challenging  for Vancouver WA Home Sales in 98683 for January 2017!


Despite Winter weather dumping a bunch of snow on our area, this part of Vancouver WA has ended up with less than 1 month's supply of Active Homes For Sale Inventory!  Both Buyers and Sellers in the 98683 Zip Code must take notice.  Here are this month's key points from RMLS:


  • 30 Units Closed, with 25 Units going Pending;
       
  • The Average Sales Price was $450,000; with the Average New Listing's price at $421,596.
  • Cumulative Days On Market (CDOM) Averaged 50 Days - very fast-paced sales for a mid-Winter Month.
  • The Level of Inventory is at 0.9 Months, which is a sliver better than Vancouver's 0.8 Months - indeed an Extreme Seller's Market!
With early 2017 seeing such a low level of Active Listings, this Southeast part of Vancouver will surely see brisk sales activity for the next 3 to 6 months time. Interest rates are still near 50 year lows, and this location is very convenient for most commuters, whether they work in Washington or Oregon.

We have prepared custom charts showing Unit Sales, Average & Median Prices; and Days on Market information are shown below (from RMLS chart-tools):

Charts of Vancouver WA 98683 Sales Trends in January 2017 Vancouver 98683 Sales Inventory & Days on Market Trends

The Inventory-by-Month chart is showing the lower level of activity commonly seen in the Winter Season for Closed Sales , with New Listings making a good upward move.

The second graph shows how this area has an average sales price that is almost $100,000 higher than the Vancouver overall average.

Average Days on Market and Median Days on market measurements are both are 50 days and 40 days which is clearly showing us a hot market!

Thank you for visiting and reading our report on the Vancouver WA 98683 Real Estate Market in January 2017.  Please contact us with any questions or comments; and to 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 - Call Us Today!   We also 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: Fishers Landing Homes For Sale; and Cascade Park Homes For Sale.



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.

Saturday, February 25, 2017

98665 Homes For Sale - January 2017 Report

Very Low Inventory  for Vancouver WA Home Sales in 98665 for January 2017!


Despite Winter weather dumping a bunch of snow on our area, this part of Vancouver WA has ended up with less than 1 month's supply of Active Homes For Sale Inventory!  Both Buyers and Sellers in the 98665 Zip Code must take notice.  Here are this month's key points from RMLS:

  • 19 Units Closed, with 23 Units going Pending;
       
  • The Average Sales Price was $292,557; with the Average New Listing's price at $405,841.
     
  • Cumulative Days On Market (CDOM) Averaged 49 Days - very brisk sales for a mid-Winter Month.
  • The Level of Inventory is at 0.9 Months, which is a sliver better than Vancouver's 0.8 Months - indeed an Extreme Seller's Market!
Starting this year with such a low level of Active Listings, this part of Vancouver is sure to see brisk sales activity for at least the next 3 to 6 months time. Interest rates are still so very low, and this location is very convenient for most commuters, whether they work in Washington or Oregon.

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

Charts of Vancouver WA Condo Sales Trends in January 2017 Vancouver 98665 Sales Inventory & Days on Market Trends

The Inventory-by-Month chart is showing the low level of activity we see in the Winter Season for Closed Sales , with New Listings making a stronger upward move than we've seen in some other areas.

The second graph shows that sellers are looking for higher list-prices, which are perhaps a logical outcome with so few homes available for sale.

Average Days on Market and Median Days on market measurements are both are less than 60 days which is a strong sign of a hot market!

Thank you for visiting and reading our report on the Vancouver WA 98665 Real Estate Market in January 2017.  Please contact us with any questions or comments; and to 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 - Call Us Today!   We also 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: Hazel Dell Homes For Sale; NE Hazel Dell & South Salmon Creek; and NW Hazel Dell & Lake ShoreHomes For Sale.



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, 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, February 24, 2017

Real Estate Market Report for Vancouver WA - January 2017

Dearth of Inventory for Vancouver Washington in January 2017

As we enter the sixth year of rising home prices in Vancouver Washington, we are also entering the time when Availability and Affordability of Active Listings is declining. Key Stats in January 2017 include:
  • 276 Pre-owned Homes were sold
     
  • Inventory Level at 0.8 Months of Supply (6 months supply is a "normal" market)
      
  • 5 Short Sale and 12 Bank Owned / REO sales closed.
  • Approximately 279 pre-owned properties sold in the RMLS, at approximately $84,668,000 in value.  Average sales price = $303,471
     
  • Approximately 67 New properties sold in RMLS at approximately $24,826,000 in value. Average sales price = $370,536
Lack of sufficient Available Active Inventory is shaping up to be a key challenge for home buyers this year. We cannot stress enough the need to save up for the funds necessary to secure your home loan, and also get your Debt-to-Income ratio in a healthy position (39% or less may be best).

We have prepared three charts (from the Regional Multiple Listing Service) to illustrate the real estate market results for Unit Sales, Average & Median Prices; and Days on Market:

RMLS Charts of Vancouver WA Resale Home Sales Trends for January 2017 Vancouver Resale Home Sales Inventory & Days on Market Trends

The Inventory By Month graph tells us that the new listings are not yet at a high enough level to improve the inventory level significantly.  

The second graph is showing that new listings are expecting to be able to achieve a higher sales price compared to the recently sold properties.

Lastly, the Days on Market indicators confirm we are in a fast-paced, Seller's Market.

Thanks for visiting and reading our update on Home Sales and Real Estate News for Vancouver Washington. You are invited to call us with any questions, or requests for assistance.

PS - the 2017 home sales market for Vancouver WA is expected to remain a Seller's market in the near term.  If you ace planning on Selling and 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:  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 custom charts (prepared by John Slocum Realtor®, our resident statistician) are based on home sales posted in the Vancouver 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 Vancouver WA's real estate market.

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