Wednesday, June 29, 2011

Real Estate Clark County WA | Market Trends and Statistics for May 2011

Home Sales Produce Another Surge Forward for Vancouver and Clark County Washington in May.

Clark County and Vancouver WA real estate has advanced again with the highest number of Pending Sales for any month so far in 2011.  The relative mix of 3rd-Party and Distressed properties also edged slightly lower from 40.6%  to 40.3% of the total Pending Sales for May.

We are using the Vancouver MLS (covers Clark County Washington also) to obtain a quick snap-shot view of what happened real estate sales wise within the confines of Clark County Washington (Vancouver USA is the largest community) for the month of May.

The chart below is the condensed version we have prepared from Vancouver MLS data:
Vancouver WA Real Estate Market Report, including Clark County WA for May 2011 by John Slocum of REMAX Vancouver WA
This month the level of Active homes is showing a modest increase of 5.5%, with the volume of Pending Sales remaining quite strong.

The table below shows the most recent three months of activity for comparison purposes. Both the median price and average price showed slight slippage in April but picked up again in May (right-click on the image to see the enlarged view).

Vancouver WA Real Estate Market Trends for May 2011, John Slocum Realtor Broker Agent with REMAX Vancouver WA

From this quick view we have a slight increase to 7.8 months inventory.  This is an important trend we want to watch in the supply of homes for sale in Vancouver WA over the next several months.

For this month the Average Sold price is $222,323 - up almost $5,000 from the prior month; while the Median Sales Price remained steady at  $190,000.

These final charts graphically represent the home sales results for Clark County and Vancouver WA in summary form:
Home Sales Results for Clark County and Vancouver WA
The important 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 40.3% of the Pending status homes being 3rd party or Foreclosure transactions (another monthly decrease), we view this as a very 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 and welcome 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.

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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