Thursday, January 6, 2011

Real Estate in Vancouver WA and Clark County | Market Update December 2010

Homes For Sale in Vancouver and Clark County and The Year Finish.

Clark County and Vancouver WA real estate has shown another month with increased sales, which we see in part as the growing confidence in the US Economy along with the excellent combination of favorable home prices and also favorable, although increasing mortgage interest rates. We are using the Vancouver MLS (covers Clark County Washington also) to obtain a quick snap-shot view of what happened real estate wise within the confines of Clark County Washington (Vancouver USA is the largest community) for the month of November. Here is the condensed version we have compiled from Vancouver MLS data:
Vancouver WA Real Estate Market Report, including Clark County WA for November 2010 by John Slocum of REMAX Vancouver WA
While the level of Active homes is showing some reduction, the volume of Pending Sales perked up even more!

Vancouver WA Real Estate Market Trends for December 2010, John Slocum Realtor Broker Agent with REMAX Vancouver WA

From this quick view we have just 9.5 months inventory, which is a great improvement in the supply of Vancouver WA homes for sale . However, when we exclude active listings where the home was built prior to 2010, the number goes down further (a good thing)!

For this month the Average Sold price is $227,789 which is down 7.96% from the prior month; while the Median Sales Price move up from $209,276 to $200,000. Both of these pricing indicators are typical for the soft sales at the end of the year for the Vancouver real estate market.

Key items we are looking for the Clark County market turnaround are not just an increase in the number of transactions and firming-prices but, an increase in the "Normal Sale" (i.e., non-Pre-Foreclosure / Foreclosure) Category. In our opinion with about 48.5% of the Pending status homes being 3rd party or Foreclosure transactions (a decrease from last month), we may actually be seeing a positive trend -- with short-sale lenders improving their Approval Rates for short sale offers! Prices have been relatively flat, with some up and down, which is a typical sign of base-building.

If you are looking to sell your home in Vancouver WA, and Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
Current Vancouver WA Real Estate Market Reports:
Previous Vancouver WA Real Estate Market Reports:

The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Homes for sale in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!

Visit our website to learn more about Vancouver Washington, Camas real estate or Battle Ground real estate.

PS - Nobody sells more real estate than RE/MAX. Look to John Slocum and Kathryn Alexander for Vancouver WA Homes For Sale

Vancouver WA Homes for sale: Visit to explore real estate in Vancouver Washington!

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