Vancouver WA's Condo and Attached-Home market is
extreme shortage of available pre-owned units for sale! Here are the highlights for
Condos + Attached-Homes are quite popular these days in the Vancouver
market. We are now down to 0.8 months of supply for pre-owned condos; and
have experienced 8 straight months where the Median Days on Market has been less
than 20 Days!
We've prepared our Custom Condo Charts shown below to help tell the story!
This segment displayed the peak in the short-term number of units sold in
August at 69, with the previous seasonal "turning point" in the prior January.
However, this season we appear to have made the turn in November!
Average Condo Sales-Price trends (shown below) for this month moved sharply upwards, and this makes sense they would with so few units available for sale. We expect the trend for the next few months to stay firm to increasing.
The RMLS chats below illustrate the recent twelve (12) months of condo market results - through December 2015, for Unit Sales, Average & Median Prices; and Days on Market:
We have now had eight (8) months with the Median Days on Market at the sub-20-day mark. This month's average sales price is also at the highest level for the past 12 months. With the average list price is less than the Sales price, it is clear we are seeing either Full-Price or Competitive Bids for the successful purchasers.
We hope you found this report on the Vancouver WA Condo Market to be helpful in your process to sell or buy in this market time. Please contact us with any questions or comments; and to let us know how we can be of assistance!
PS - Please visit the
Condominiums For Sale in Vancouver WA page at our website, where we have
made it Easy to search by Neighborhood for Condos, with listings for condos from
the entire RMLS. You do not have to Sign-up to view Condominiums and
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 Condo 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 Condominium 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.