Washington Condos (aka Apartments-to-Own)
have turned in another outstanding month for both Unit-Sales-Volume, and Average
Sales Price. Here are the highlights for May 2015:
On a combined basis the Distressed-property segment for Condos at just over
10% is very close with the rest of the Vancouver market, and a welcome relief of
the levels seen just a few years ago.
Now for the Custom Charts for Vancouver Condos!
The Vancouver WA Condo market is a sub-component of the overall real estate market in Vancouver thus, the trend line will look unique owing to the relatively smaller population of units sold each month. The 12 month trend-line is still showing a Strong Up-Trend in Unit-Sales!!!
Continuing on (below), the results for Average Condo Sales-Prices, with the 3-month moving average line (in red) moved downward substantially during the most-recent Fall and Winter Quarters; and is now strongly upward again. However, the 12-month line (in blue) has also turned sharply with an upward price-change trend. This comes as no surprise as a major trend is developing in favor of Condos, Patio-homes - all with less upkeep and size.
The set of RMLS chats below show the month-by-month action - through May 2015, for Unit Sales, Average & Median Prices; and Days on Market:
These last charts further highlight May's strong performance, especially with the Median Days on Market now below 20! RMLS is showing the Inventory level for Vancouver Condos at 1.9 months (1.5 last month) - which is and improvement but still an extreme Seller's Market level.
We appreciate you took the time to learn more about the Condo Market in the Vancouver Washington market area. Please feel free to contact us with any questions or comments; and to let us know your selling or buying plans!
PS - You are invited visit the
Condos For Sale in Vancouver WA page at our website, where we have made it Easy to search
Neighborhood for Condos, with listings for condos from the entire
RMLS. You do not have to Sign-up to view Condos!
PPS - Don't wait any longer with your Condo Selling or Buying Plans - Call Us Soon!
The statistical charts for Vancouver WA Condos 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. The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Condo market.
Disclaimer: as with all 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.