Tuesday, December 8, 2015

Battle Ground WA Real Estate Market Report October 2015

Seasonal Slowdown has Commenced for Real Estate in Battle Ground in October 2015!

Located just north of Vancouver we have  Battle Ground WA Home Sales turning in very good results in 2015; although it is now showing signs of the typical slowing at this time of the year. These are some of the key points for October 2015:
  • The 3-Month Moving Average for Average Sales-Price has made an atypical turn upwards, and for the year is up 6.76% from the previous year; while the 12-Month Moving Average meandered and is now only 2.17% higher than at the same time in 2014.
  • The Inventory level for Resale Homes declined again and is at 1.8 Months (2.7 in May '15) - Clearly a "Seller's Market"
  • Approximately 53 Resale Homes closed in October 2015, compared to 58 Sold in October 2014; a decrease of 5 homes or, -8.6%.
  • REO/Bank Owned property sales were 2 units (3.8% of total); compared to 5 (8.6%) in October 2014. 
  • Short Sale /Pre-Foreclosure property sales were 1 unit (1.9% of total); compared to 3 (5.2%) in 2014.
Battle Ground is a smaller but growing market area in Clark County WA, and growing so much that the available inventory keeps shrinking each month!  As with smaller markets, the charts we prepare and discuss will likely possess greater variability or, show trends that aren't as smooth as a larger market, such as Vancouver WA.  Never the less, the evidence of short term and longer term trends will be clearly evident in our charts below.

This first chart is showing the number of Homes/Units Sold (Excludes New Construction), with the short term trend line (in Red) calculating the 3-Month Moving Average; and the long term trend line (Blue line) showing the 12-month Moving Average.

Battle Ground Resale Home Sales October 2015 - Units Sold Battle Ground Resale Home Sales - Units Sold Trend October 2015

Battle Ground is performing similar to Clark County this year with a moderately strong increase for Unit-Sales volume, as the above chart clearly shows. Slightly different this month however, is that the sales volume is showing a slight upward tick, as we know home buyers are still very much active in this popular market area.

Curiously, the "Slope" of the trend line for Long Average Home Prices (chart below) had become much more "horizontal" or flatter; yet at this generally slower time of the year the price indicators are moving upward.  We see this as another confirmation that Battle Ground's popularity is as strong, if not stronger than ever.. 

Battle Ground Resale Home Sales 2014 - Average Sales Price Trends Battle Ground Resale Home Sales - Avg Sales Price Trend October 2015

The additional charts provided below are from RMLS for Battle Ground WA:

Charts of Battle Ground WA Resale Home Sales Trends in October 2015 Battle Ground Resale Home Sales Inventory & Days on Market Oct. 2015
With October's mini-surge in home sales, some interesting items to point out appear in the above graphs.  Thu unit-sales chart shows that the month of October closed more transactions than July or May!

The second chart shows that the Average transaction price exceeded the average price for new listings coming onto the market.  However, for this item the closed sales are still less than the prior month's average listing price.

Finally, the apparently dramatic increase in the Average Days on Market, and the Median Days on Market likely indicate that with such a shortage of inventory, even the "over-priced" listings are seeing action!

Thank you for reviewing this Battle Ground market report, and please send us any questions you may have!

PS - You are invited to visit the homes in Battle Ground WA page, where we have property listings from the entire RMLS.  Battle Ground WA homes are very popular in 2015.  Don't delay with your Home Selling or Buying Plans - Call Us Today!

A few of the popular Battle Ground WA Home Search Pages on our site include: Battle Ground WA Lots and Land for sale Homes on Acreage in Battle Ground WA; Luxury Homes in Battle Ground WA; One Level Ranch Homes in Battle Ground WA ; Condos for sale in Battle Ground WA

PPS - You may also want to check out additional great nearby communities such as: homes for sale in Hockinson WA; homes for sale in Ridgefield WA; homes for sale in La Center WA homes for sale in Vancouver WA.

The Battle Ground Washington Real Estate charts in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Battle Ground  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 the Battle Ground WA 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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