I love Selling Condos in the Vancouver WA Condo Market (we count Attached homes + Condos), although this is a smaller but important subset of the overall local real estate market, coming in at 14.14% of the total units sold in 2014 (8.5% in 2013). We've finally seen our "Recovery Year" for Condos with these highlights to report:
Now for my custom Condo Charts! This first chart shows the number of Resale Condos Sold (Excludes New Construction), with a short term trend line equaling the 3-month Moving Average; and the longer term trend line equaling the 12-month Moving Average. We use this modest "smoothing" technique, as the Condo Market in Vancouver is considered small from a statistical point of view, and the monthly numbers jump quite wildly - a behavior we try to tame to better allow the true tends to be visible.
Vancouver Condos are included in our recent overall
Market Report for Vancouver WA Real Estate this trend line looks somewhat unique -
again, this is owing to the relatively small number of units active and sold each month.
To be sure,
the 12 month trend-line shows clearly that condo sales have been improving
month-over-month for the past 2.5 years or so.
The following chart illustrates the results for Average Condo Prices, with the 3-month moving average line (in red) jumping around quite a bit. This is where the 12-month line (in blue) is superior in defining the underlying trend taking place for any point in time in the market. In my opinion we've seen the major "bottom" for prices.
I am receiving many calls and inquiries so far this year from customers that want to:
- Relocate to Vancouver and purchase a Condo;
- Right-size (fka down-size) to a Condo;
- Live in Downtown Vancouver or, at Vancouver's Waterfront;
- Move to Vancouver and escape the high personal Income Taxes from their home state
Whatever the reason for looking at Condos in Vancouver (or Selling one), I'm glad to be of assistance!
PS - Visit our Main
Vancouver WA Condos For Sale page at our website, where we have made it Easy to search
Neighborhood, with condo listings from the entire
RMLS. Sign-up Not Required!
Here are some of our popular Condo Pages:
PPS - Don't delay with your Condo Selling or Buying Plans - Call Us Soon!
The charts in this report (prepared by Vancouver WA 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. This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Vancouver's Condo 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.