Monday, March 30, 2015

Home Sales and Real Estate Market Activity for Vancouver WA - February 2015

Early Season Gains for Real Estate Home Sales for February 2015 in Vancouver!

From our previous review of the Real Estate market and Home Sales in Vancouver WA for 2014, we got the sense that 2015 may start out much stronger than in previous years - and it has!  Here are this month's key points to review:
  • Price Trends show the 3-Month Moving Average failing to meet the 12-Month Moving Average line so far; with the 12-Month trend continuing in the upward direction.
  • The Average Home Sale-Price is still up strongly, with the 3-Month Moving Average up 11.39% over the prior year; and the 12-Month Moving Average up 9.79% from the year prior.
  • Approximately 253 Resale Homes were sold in February 2015, which is about 20 (8.6%) more homes than had sold in February 2014.
  • Short Sale /Pre-Foreclosure property sales were 11 units (4.4% of total); vs 26 in February 2014.
  • REO/Bank Owned property sales were 28 units (11.1% of total); vs 36 in February 2014. 
We will next show the market's performance using charts we've created using RMLS data.  Using simple "smoothing" techniques we are better able to show the short-term trend (3 months worth of data); and the longer term (12 months of data).   
ClarkCountyExpert Real Estate Vancouver Washington Home Sales February 2015 - Units Sold  Resale Home Sales - Units Sold Vancouver WA -  February 2015
The above trend-lines are clearly showing that more homes have been sold this season of the year than in prior years. 

The graphic up next is to show the action for Vancouver's Home Prices in February 2015.
ClarkCountyExpert Real Estate Vancouver WA Home Sales February 2015 - Average Sales Price Trends Resale Home Sales - Average Sales Price Trend in Vancouver WA
Interest Rates for Mortgage / Home Loans are still very low and fueling strong purchase activity, such that we are now at less than 2 months supply for Resale Homes in Vancouver Washington!   

The final set of chats we present below are prepared directly from the RMLS program, and show the month-by-month action for Unit Sales, Average & Median Prices; and Days on Market:
ClarkCountyExpert Real Estate Charts of Vancouver WA Home Sales Trends in February 2015  Home Sales Inventory & Days on Market Trends Vancouver WA
This is already shaping up to be a strong year for real estate and home sales in Vancouver Washington.  Lenders providing mortgages and home loans have been "relaxing" their requirements, allowing more financially qualified borrowers to be able to purchase a home.  Thus, if you are looking to list your home in Vancouver, please contact us right away as we know this good season may not last once interest rates go higher.

PS Homes in Vancouver WA For Sale on our website makes it Easy to search by Category or Neighborhood or, showing real estate and  property listings from the entire RMLS.  You are not required to Sign-up!

PPS - We highly recommend you Don't delay with your Home Selling or Buying Plans - Call Us Today!

Disclaimer: we do our best to provide the best analysis and representation of the market at the time the data was acquired.  We deem the data and reports reliable but not guaranteed.

This report (prepared by John Slocum Realtor®, CRS, BA) are based on home sales posted in the Vancouver MLS system (RMLS), excluding sales of mobile homes; 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 better illustrates the short-term and longer term trends in Vancouver WA's real estate market.

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