Friday, July 31, 2015

Real Estate Results for Vancouver WA June 2015

Real Estate Topping the Charts for June 2015 for Vancouver WA !

The Vancouver Washington 2015 Real Estate Market Rally turned phenomenal results for June; combined with the Median Days On Market still less than 20 days!  Here are the highlight for June:
  • 509 Resale Homes were sold in June 2015, which is 79 (18.4%) more homes than had sold in June 2014.
  • The Price Trend Lines are still very strong, with the 3-Month Moving Average up 10.44% at $265,053; and the 12-Month Moving Average up 10.93%, and now at $254,656.
  • Short Sale /Pre-Foreclosure property sales were 16 units (3.1% of total); down from last month; and a nice improvement when compared to 24 (5.6% of total) in June of 2014.
  • REO/Bank Owned home sales were 28 units (5.5% of total); and in a downward trend compared to 42 (9.8% of total) in June of 2014.
  • Inventory for Resale Homes at the end of June was at 2.1 Months! - a slight change in the Buyer's favor but, still very much a Seller's Market!
Up next are the important Vancouver WA Real Estate Market Charts we'd like to share! 

The Quantity (Unit-Sales) of Resale Homes sold (Excludes New Construction) are the first to be shown.  We use the simple method of statistical smoothing to show the short term trend line -- the 3-month Moving Average; and the longer term trend line -- the 12-month Moving Average. 
Vancouver Washington Resale Home Sales June 2015 - Units Sold Vancouver WA Resale Home Sales - Units Sold Trend June 2015

Recent National news has talked about the Real Estate Market Pending Sales cooling in June. What that headline fails to capture for Vancouver WA, is the early increased purchase/sale activity locally that has taken place so far in 2015.  

Vancouver's Resale Average Home Sales-Prices for June 2015 are still in a strong upward move, as the chart below shows.
Vancouver WA Resale Home Sales June 2015 - Average Sales Price Trends Vancouver WA Resale Home Sales - Average Sales Price Trend

111 properties (22%) were priced $200,000 or less when sold; with 147 (29%) sold that were priced $200,000 to $250,000. This rapid rise in home sales-prices has been making it more difficult for entry-level or, first-time home-buyers to make their purchase..   

These chats below are from RMLS showing the most recent twelve-month's of action for Unit Sales, Average & Median Prices; and Days on Market:
RMLS Charts of Vancouver WA Resale Home Sales Trends in June 2015 Vancouver Resale Home Sales Inventory & Days on Market Trends

With another month at less than 20 Median Days on Market, we are clearly in a very hot real estate market!

PS - Please visit our Vancouver WA Homes For Sale page.  We've made it is Easy to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

PPS -2015 is on a record-breaking pace for the Vancouver Washington real estate market.  Do You Have Home Selling or Buying Plans this year? - Call Us Right Away!

The custom charts in this report (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.

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