Monday, August 10, 2015

Real Estate Market Results for Vancouver WA in July 2015

Home Sales Going Strong for July 2015 in Vancouver WA !

Despite some news reports that suggest a slowing in the local real estate scene, Vancouver Washington's July 2015 tally shows continued strong momentum, combined with the Median Days On Market for the 4th  month at less than 20 days!  Here are the highlight for July:
  • 467 Resale Homes were sold in July 2015, which is 45 (10.7%) more homes than had sold in July 2014, although 44 fewer homes sold than June 2015 (June '15 was truly a record breaking month!).
  • The Price Trend Lines are quite strong, with the 3-Month Moving Average up 10.65% at $272,476; and the 12-Month Moving Average up 10.83%, and now at $257,124.
  • Short Sale /Pre-Foreclosure property sales were 17 units (3.6% of total); up slightly from last month; and a definite improvement compared to 26 (6.2% of total) in July of 2014.
  • REO/Bank Owned home sales were 31 units (6.6% of total); and in a somewhat "side-ways" trend compared to 28 (6.6% of total) in July of 2014.
  • Inventory for Resale Homes at the end of July was again at 2.1 Months! - to be sure a Seller's Market!
Market Charts for the Vancouver WA Real Estate are a great way to show just how strong the current rally is. We've taken the time to develop these ourselves to allow a better depiction of the short-term and longer-term trends.  

The Quantity (Unit-Sales) of Resale Homes sold (Excludes New Construction) is up first. The simple method of statistical smoothing to show the short term trend line -- the 3-month Moving Average is in red; and the longer term trend line -- the 12-month Moving Average is in blue. 
Vancouver Washington Resale Home Sales July 2015 - Units Sold Vancouver WA Resale Home Sales - Units Sold Trend July 2015

What is clear with the above chart is the short-term trend made its seasonal turn upward at a much higher lavel than in previous years; and now in mid-summer as it nears another turning point, it is already substantially higher than in the previous two years!  

The chart graphic below shows Vancouver's Resale Average Home Sales-Prices for July 2015 are now attempting to break a new record!
Vancouver WA Resale Home Sales July 2015 - Average Sales Price Trends Vancouver WA Resale Home Sales - Average Sales Price Trend

103 properties (22%) were priced $200,000 or less when sold; with 162 (35%) sold that were priced $200,000 to $250,000. In comparison, in 2014 there 62% of the July sales were at $250k or below; while this July that is now at 55%.

From RMLS the charts below show the 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 July 2015 Vancouver Resale Home Sales Inventory & Days on Market Trends

With the 4th month and the Median Days on Market are less than 20 days, this has truly been a hot season!

PS - You are invited to visit our Homes For Sale in Vancouver WA page.  Where 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 breaking records for the Vancouver Washington real estate market.  Do You Have Home Selling or Buying Plans this year? - Call Us Right Away!

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.

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