This local real estate market is still very much in the extreme end of the Seller's Market spectrum; as the nation-wide available inventory for resale homes is at 4.8 months (slightly into a seller's market) while Vancouver WA is currently at 1.3 months! With our market in such an out-of-balance condition, the typical seasonal "decrease" in the average sales price is under severe pressure!
The charts below show how far Vancouver's market for Existing Homes has improved since 2009.
The above chart for Units-Sold clearly show the increased level of activity for the past 12+ months. The seasonal pattern is still evident in the 3-month line however, the turning-points have been much higher than in previous years. For the year-to-date volume we are 738 homes (19.9%) above 2014's volume!
Continuing with the chart below, one of the not-so-surprising results of the low inventory is slight up-tick for the short-term average sales price - which would typically be trending downward at this time of the year. The long-term trend line is continuing upward at about the same rate of increase (positive slope) that it has show for the past three years.
58 properties (18.8%) closed at $200,000 or less when sold; with 97 (31.5%) sold that were priced $200,000 to $250,000. In comparison with the 2014 measurement, 62.8% of the November sales were at $250k or below; while this November that reading is now at 50.3%.
Finally, we have three charts (below) from the Regional Multiple Listing Service showing the recent real estate market action for Unit Sales, Average & Median Prices; and Days on Market:
The string of seven (7) straight months has been broken where the Median Days on Market were less than 20 days; although the November results show a much quicker turn-around in market times than what we would expect to see for November.
Thank you for viewing our report, and please contact us with any questions, comments or requests for assistance.
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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: 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.