Friday, July 7, 2017

Clark County Real Estate - May 2017 Report

Inventory of Active Listings Improves Slightly for Clark County WA's Real Estate Market.

With the local real estate market in the height of activity for this year, the number of sales is off about 6% year-to-date.  Low Inventory and Higher Prices are the likely cause. Here are some of the highlights for May's results: 
  • Average-Sales Prices are higher, with the 12-month/long-term trend line up 9.86% compared to May 2016,  and the 3-Month Moving Average  is up 10.18% from last year; 
     
  • The Inventory for Resale Homes has been creeping up and is now at a still-low 1.6-Months Supply;
     
  • Approximately 646 Resale Homes were sold in the month, which is about 9 fewer (-1.4%) homes than in 2016.
     
  • REO/Bank Owned property sales were 14 units (2.2% of total); down from 15 (2.3%) in 2016. 
     
  • Short Sale /Pre-Foreclosure property sales were 13 units (2.0% of total); down from 20 (3.1%) in 2016.
The month-end, 30-year-fixed home loan benchmark interest rate is 4.01% (down from 4.05% last month) according to Freddie Mac; compared to 3.60% for May 2016. The recent rate "actions" by the Federal Reserve don't necessarily translate into increases in the Home Loan / Mortgage financing rates.

Our custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. We apply a simple "smoothing" technique to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 
Clark County Home Sales May 2017- Units Sold Clark County Home Sales - Units Sold Trend May 2017
Unusual this year is that this is typically the month where we see the short-term line break-through the blue line.  Maybe next month for this indicator?  With the extremely low level of inventory it makes sense that the long-term line will be going sideways or downwards.

Moving to the next chart: Average Sales prices (shown below) are strongly rising, as the demand for homes to purchase has not abated much. 


Clark County Home Sales May 2017- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend May 2017

The May short term Average sales price for Clark County is now up to $352,262.  This is an increase of about $32,559 from the same month last year.

Charts of Vancouver WA Home Sales Trends in May 2017 Clark County Home Sales Inventory
& Days on Market - May 2017

These final graphs from RMLS show:

Both New Listings and Pending Sales, are rising at an almost evenly matched pace.  The result is that the inventory level is not improving very much.

The second graph shows the continued strong pressure on the average price of new listings.

Finally, for the Days on the Market, as measured by the average and median Days on Market has dropped moderately for the Average, and is in an extremely low level for the Median.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.


PS - This is an Excellent Time to Sell Your Home; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Homes | Brush Prairie WA Homes | Camas WA Homes | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Homes | Yacolt WA Homes | Amboy WA Homes


The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA 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 Clark County'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 and compiled.  The data and reports are deemed reliable but not guaranteed.

Wednesday, May 31, 2017

What Is My Home Worth 98685 - April 2017

98685 Vancouver WA Home Sales Heating up in April 2017


 As a Popular area in the Vancouver WA Real Estate market, the Homes for sale in 98685 have shown considerable sales activity in April, despite the low level of "Active" listings.  Here are this month's highlights from RMLS:

  • 29 Units Closed, with 38 Units going Pending;
       
  • The Average Sales Price was $447,025; with the Average New Listing's price at $526,548.
     
  • Cumulative Days On Market (CDOM) Averaged 31 Days - slightly up; while the Median dropped to 12 days!

  • The Level of Inventory moved up to 1.6 Months, although the number of new listings this month was less than the previous month.
Interest rates dropped this month and the national average was 4.05% for the traditional 30-year home loan / mortgage, although the level is a bit higher than last year's 3.61%.  With home prices continuing to rise strongly, it is expected that the home-loan market will try to sell their loans at higher rates.

Next we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in April 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart shows the level of Closed-Sales this month was less than last month, with both Pending Sales about the same level and New Listings coming in lower.

The second graph again has the average list price greatly exceeding the closed sale price average.

Average Days on Market dropped considerably this month, while the already-low Median Days on market decreased slightly- showing home shoppers are very, very active!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in April 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, 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 Housing 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.

Friday, April 7, 2017

What is My Home Worth 98665 - March 2017

98665 Vancouver WA Home Sales Getting Stronger in March 2017.


The Hazel Dell / Lakeshore homes for sale provide an established, close-in location, just northwest of the Vancouver City limits. As we move out of the Winter 2017 season, this market is clearly going strong.  Here are this month's highlights from RMLS data:

  • 48 Units Closed, with 57 Units going Pending;
       
  • The Average Sales Price was $235,541; with the Average New Listing's price at $272,413.
     
  • Cumulative Days On Market (CDOM) Averaged 42 Days - up 12 days from last month, with the Median Days on Market dropping to 12.

  • The Level of Inventory is at 1.1 Months, which is up 2-tenths form last month - an improvement but still Seller's Market!
.
Home Loan / Mortgage rates are below 4.25% on average for the month, helping these properties to be some of the most affordable in the Vancouver WA market area.

We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98665 Sales Trends in March 2017 Homes For Sale 98665 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the somewhat low level of Closed-Sales, while Pending Sales and New Listings took a strong jump upward; leading to a slight improvement in available inventory.

Average Days on Market increased moderately, while the Median Days on market increased slightly from a very low level - a clear sign "older" listings were going under contract.

Thank you for visiting and reading our report on the Vancouver WA 98665 Real Estate Market in March 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98665 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98665 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98665 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98665: Homes For Sale in NW Hazel Dell and Lakeshore; Lakeview Estates; and Homes For Sale in South Hazel Dell.



The 98665 market information statistical charts in this report (prepared by Vancouver WA 98665 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98665.

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.

Wednesday, April 5, 2017

What Is My 98685 Home Worth - March 2017

98685 Vancouver WA Home Sales Heating up in March 2017


 As a Popular area in the Vancouver WA Real Estate market, the Homes for sale in 98685 have shown considerable sales activity in March, despite the low level of "Active" listings.  Here are this month's highlights from RMLS:

  • 26 Units Closed, with 53 Units going Pending - a big increase in the pending over last month;
       
  • The Average Sales Price was $369,254; with the Average New Listing's price at $302,073.
     
  • Cumulative Days On Market (CDOM) Averaged 16 Days - slightly up; while the Median dropped to 16 days!

  • The Level of Inventory remained at 1.2 Months, with a strong level of new listings nearly matched by the Pending Sales!
Interest rates are were at 4.2% for the traditional 30-year home loan / mortgage; and can be even lower with certain options such as a 5-7/1 ARM was at 3.21%.  Home prices will keep rising in the near term, and the best advice for home buyers is to get pre-approved and look at the various Fixed Term (15 year or 30 year) and Adjustable Rate loan options.

Next up we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in March 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart shows the continued low level of Closed-Sales, with both Pending Sales and New Listings taking a huge upward jump.

The second graph is showing overall upward trend in closed and listed prices for homes in 98685.

Average Days on Market bumped upwards, while the Median Days on market again dropped substantially - showing home purchase activity has gone into over-drive!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in March 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, 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 Housing 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.

Tuesday, April 4, 2017

Real Estate Broker Lock Box Report for March 20, 2017

Realtor Lock Box Openings Increase to Typical Season-High Levels!

Moving farther into the new year of 2017, we have a continued mis-match of Home Buyers to Home Sellers; with Available Inventory at an Extremely Low level (ref: What is My Vancouver WA Condo Worth - January 2017). The following chart is provided by RMLS, showing that real estate brokers have been opening boxes for Condos and Homes now almost 5,000 times for the week of March 20th.  

Chart of RMLS Washington Lockbox Statistics March 20 2017 RMLS Washington Lock-Box Activity - Week Ending 3-20-17
This level of activity is not usually seen until mid-summer (Peak of the Year). 

Here are our recommended Home Owen Action Items if you are thinking of selling:
  • Commence with Maintenance and Repair items. Buyers will still be interested in a Condo or Home in Excellent Repair.
     
  • Pack-up and De-Clutter - this activity can make the spaces in your home seem so much bigger.
      
  • Fresh Paint, Clean Flooring - the Appeal to Buyers for these items cannot be understated - a Must Do!
    .
  • Contact us for your Real Estate Home Value Analysis.
Please contact us right away with any questions or assistance you may need with any of the above bulleted items - we are glad to be of assistance.

Home Shoppers - get Preapproved and save as much as you can for Down-Payment, Closing Costs and Inspection costs - these all help you better compete against other eager buyers.

Thank you for visiting and reading our real estate market update for Vancouver and Southwest Washington. Please feel free to contact us with any questions, or requests for assistance.

PS - 2017's Real Estate Market is going at full speed for Vancouver WA.  If you ace planning on Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Real Estate Home Value for your Vancouver WA Home.  We also have on-line form to request your Home Market Analysis,,  Either way we trust you won't delay!

PPS - Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

Some of the Popular Searches include:  Fairway Village Homes For Sale Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.

We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA.

This report and any custom charts (prepared by John Slocum Realtor®, our resident statistician) are based on home sales posted in the Vancouver MLS system (RMLS).

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.

Saturday, March 11, 2017

What is My 98683 Home Worth? - February 2017

98683 Vancouver WA Home Sales Slowly Warming Up in February 2017.


 The Snow last month slowed the Closed sales but, the rainfall did not stop the Pending Sales activity.  Here are this month's highlights from RMLS:

  • 22 Units Closed, with 42 Units going Pending;
       
  • The Average Sales Price was $325,663; with the Average New Listing's price at $339,345.
     
  • Cumulative Days On Market (CDOM) Averaged 38 Days - down quite a bit from last month, and very brisk sales for a Winter-time Month.

  • The Level of Inventory is at 1.1 Months, which is slightly down from last month - very much a  Seller's Market!
With financing rates still in the low 4% range for the traditional 30-year home loan / mortgage; and perhaps lower with some other options. We expect the first part of the year to perhaps be the best time for home-buyers to make a purchase, with the best combination of home price plus lower-financing rates.

We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98683 Sales Trends in February 2017 Homes For Sale 98683 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the somewhat low level of Closed-Sales, while Pending Sales exceeded the level of New Listings; leading to a reduction in available inventory.

Average Days on Market dropped moderately, while the Median Days on market dropped quite a bit more - a clear sign home buyers were busy in February!

Thank you for visiting and reading our report on the Vancouver WA 98683 Real Estate Market in February 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98683 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98683 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98683 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98683: Homes For Sale in Cascade Park; and Homes For Sale in Fishers Landing.



The 98683 market information statistical charts in this report (prepared by Vancouver WA 98683 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98683, 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 Housing 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.

Thursday, March 9, 2017

Homes For Sale 98685 - February 2017 Report

98685 Vancouver WA Home Sales Slowly Warming Up in February 2017.


 With this area again being hit by somewhat severe weather in the form of record rainfall, preceded by a record snowfall in the prior month, home sales for 98685 are off to a somewhat slow start.  Here are this month's highlights from RMLS:

  • 23 Units Closed, with 38 Units going Pending;
       
  • The Average Sales Price was $367,310; with the Average New Listing's price at $501,806.
     
  • Cumulative Days On Market (CDOM) Averaged 59 Days - slightly up but still brisk sales for a Winter Month.

  • The Level of Inventory is at 1.2 Months, which is slightly down from 1.4 last month - clearly a  Seller's Market!
Interest rates are still in the low 4% range for the traditional 30-year home loan / mortgage; and can be even lower with certain options such as a 5-7/1 ARM or a 15-year fixed term.  Thus, even though prices have been rising, the home buyer in 2017 should have access to reasonably priced financing.

Next up we have Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in February 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the low level of Closed-Sales, while Pending Sales and New Listings both improved at about the same rate.

The second graph is showing the pricing for new listings for this zip code to be much higher than recent average sales prices.

Average Days on Market inched slightly higher, while the Median Days on market dropped substantially - suggesting home buyers are quite active now!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in February 2017.  Please feel free to contact us with any questions or comments; and let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Contact Us Soon!   We offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Homes For Sale in Felida; and Homes For Sale in Salmon Creek.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, 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 Housing 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.

Tuesday, March 7, 2017

What is My Vancouver WA Condo Worth - January 2017

Shrinking Inventory in January 2017 for Condos in Vancouver Washington!

Northwynd Condos at the Waterfront Vancouver WA
 Condos in Vancouver Washington have been so popular in the past couple of years, that we are seeing a very small level of Active Inventory for pre-owned units. Here are the highlights for January 2017:


  • There were 35 Closed Sales, with 43 Units going Pending;
       
  • The Average Sales Price was $196,854, with the Maximum at $315,000;
     
  • The Cumulative Days on Market was at 49, with the Median at 21.
     
  • The Inventory Level for Resale (Pre-Owned) Condos ended the month at 0.7!

Without more Condos and Attached-style homes coming on the market in the near future, this category of Vancouver WA real estate will be strained by fewer buyer choices and prices that continue to rise faster than their long-term average..

To help see some of the Condo Vancouver WA Market Scene graphically, we've prepared the following from the RMLS statistics system:

Charts of Vancouver WA Condo Sales Trends for January 2017 Vancouver Condo Sales Inventory & Days on Market Charts

Inventory-by-Month is shown first, with the closed sales for December and January at the typically lower level compared to the remaining months of the year.

The second graph shows the relationship between Average List Price and Average Sales Price.  Being a relatively small statistically sample, this chart will tend to rise and fall on a month-to-month basis.

Lastly, we've included a 12-month table of the month-by-month sales of pre-owned condos, which will show the minimum and maximum sales prices. 

We hope you found our report helpful on the January 2017 Condo Market in Vancouver WA.  Please let us know your questions or comments; as we are glad to be of assistance!

PS - Do you have Condo Selling or Buying Plans in 2017 - then Call Us Soon!   We also offer a no-cost, no-obligation Vancouver WA Condo Valuation, and know you'll want to try it out! 

PPS - You may also want to visit the Condos 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 Townhomes!


The information and charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Listing 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.

Friday, March 3, 2017

Real Estate Broker Lockbox Report for Vancouver & SW WA - February 19, 2017

Southwest Washington + Vancouver WA Realtor Boxes Being Opened at a Strong Pace!

As we've reported in our report: Real Estate Market Report for Vancouver WA - January 2017 the home sales in this area have already seen strong activity despite the level of available listings dropping again to a very low level. The following chart is provided by RMLS, and this latest version shows that real estate brokers have been opening boxes almost 4,000 times for the week of February 19.  

Chart of RMLS Washington Lockbox Statistics February 19 2017 RMLS Washington Lock-Box Activity - Week Ending 2-19-17
The increase in lock-box openings, combined with the increase in Pending Sales puts Home Buyers on alert to be prepared for competition for the nicer listings that arrive on the market.  Here are our recommended Home Buyer Action Items:
  • Contact your home loan specialist and verify you have an acceptable FICO Score, Income and Savings Documentation; and have them help you determine your Spending Limit.
     
  • Identify the Style of Home and Neighborhood(s) you want to target for your home search.
      
  • Sign up on our website - www.ClarkCountyExpert.com, or contact us to have a custom home search set up that will alert you whenever a new listing comes on the market that meets your criteria.
    .
  • Be prepared to take time off from work if a new listing comes on the market during the week - as it may not be available by the weekend.
Please contact us right away with any questions or assistance you may need with any of the above bulleted items - we are glad to be of assistance.

Home Owners/Sellers - with the weather getting somewhat better, this is a great time to take care of all those fix-ups, fresh paint, and landscape updating to give yourself a head-start on the home marketing process.  We'll discuss more Home Sale Preparation Tips in our next key-box update report.

Thank you for visiting and reading our real estate market update for Vancouver and Southwest Washington. Please feel free to contact us with any questions, or requests for assistance.

PS - 2017's Real Estate Market is already going strong for Vancouver WA.  If you ace planning on Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Comparative Market Analysis for your Vancouver WA Home.  We also have on-line form to request your Home Market Analysis,,  Either way we trust you won't delay!

PPS - Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

Some of the Popular Searches include:  Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.

We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA.

This report and any 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.

Thursday, March 2, 2017

98683 Homes For Sale - January 2017 Report

Lack of Active Listings Challenging  for Vancouver WA Home Sales in 98683 for January 2017!


Despite Winter weather dumping a bunch of snow on our area, this part of Vancouver WA has ended up with less than 1 month's supply of Active Homes For Sale Inventory!  Both Buyers and Sellers in the 98683 Zip Code must take notice.  Here are this month's key points from RMLS:


  • 30 Units Closed, with 25 Units going Pending;
       
  • The Average Sales Price was $450,000; with the Average New Listing's price at $421,596.
  • Cumulative Days On Market (CDOM) Averaged 50 Days - very fast-paced sales for a mid-Winter Month.
  • The Level of Inventory is at 0.9 Months, which is a sliver better than Vancouver's 0.8 Months - indeed an Extreme Seller's Market!
With early 2017 seeing such a low level of Active Listings, this Southeast part of Vancouver will surely see brisk sales activity for the next 3 to 6 months time. Interest rates are still near 50 year lows, and this location is very convenient for most commuters, whether they work in Washington or Oregon.

We have prepared custom charts showing Unit Sales, Average & Median Prices; and Days on Market information are shown below (from RMLS chart-tools):

Charts of Vancouver WA 98683 Sales Trends in January 2017 Vancouver 98683 Sales Inventory & Days on Market Trends

The Inventory-by-Month chart is showing the lower level of activity commonly seen in the Winter Season for Closed Sales , with New Listings making a good upward move.

The second graph shows how this area has an average sales price that is almost $100,000 higher than the Vancouver overall average.

Average Days on Market and Median Days on market measurements are both are 50 days and 40 days which is clearly showing us a hot market!

Thank you for visiting and reading our report on the Vancouver WA 98683 Real Estate Market in January 2017.  Please contact us with any questions or comments; and to let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98683 Zip Code - Call Us Today!   We also offer a no-cost, no-obligation Vancouver WA 98683 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98683 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98683: Fishers Landing Homes For Sale; and Cascade Park Homes For Sale.



The 98683 market information statistical charts in this report (prepared by Vancouver WA 98683 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98683, 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 Housing 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.

Saturday, February 25, 2017

98665 Homes For Sale - January 2017 Report

Very Low Inventory  for Vancouver WA Home Sales in 98665 for January 2017!


Despite Winter weather dumping a bunch of snow on our area, this part of Vancouver WA has ended up with less than 1 month's supply of Active Homes For Sale Inventory!  Both Buyers and Sellers in the 98665 Zip Code must take notice.  Here are this month's key points from RMLS:

  • 19 Units Closed, with 23 Units going Pending;
       
  • The Average Sales Price was $292,557; with the Average New Listing's price at $405,841.
     
  • Cumulative Days On Market (CDOM) Averaged 49 Days - very brisk sales for a mid-Winter Month.
  • The Level of Inventory is at 0.9 Months, which is a sliver better than Vancouver's 0.8 Months - indeed an Extreme Seller's Market!
Starting this year with such a low level of Active Listings, this part of Vancouver is sure to see brisk sales activity for at least the next 3 to 6 months time. Interest rates are still so very low, and this location is very convenient for most commuters, whether they work in Washington or Oregon.

We have prepared charts showing Unit Sales, Average & Median Prices; and Days on Market information are shown below (from RMLS chart-tools):

Charts of Vancouver WA Condo Sales Trends in January 2017 Vancouver 98665 Sales Inventory & Days on Market Trends

The Inventory-by-Month chart is showing the low level of activity we see in the Winter Season for Closed Sales , with New Listings making a stronger upward move than we've seen in some other areas.

The second graph shows that sellers are looking for higher list-prices, which are perhaps a logical outcome with so few homes available for sale.

Average Days on Market and Median Days on market measurements are both are less than 60 days which is a strong sign of a hot market!

Thank you for visiting and reading our report on the Vancouver WA 98665 Real Estate Market in January 2017.  Please contact us with any questions or comments; and to let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98665 Zip Code - Call Us Today!   We also offer a no-cost, no-obligation Vancouver WA 98665 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98665 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98665: Hazel Dell Homes For Sale; NE Hazel Dell & South Salmon Creek; and NW Hazel Dell & Lake ShoreHomes For Sale.



The 98665 market information statistical charts in this report (prepared by Vancouver WA 98665 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98665, 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 Housing 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.

Friday, February 24, 2017

Real Estate Market Report for Vancouver WA - January 2017

Dearth of Inventory for Vancouver Washington in January 2017

As we enter the sixth year of rising home prices in Vancouver Washington, we are also entering the time when Availability and Affordability of Active Listings is declining. Key Stats in January 2017 include:
  • 276 Pre-owned Homes were sold
     
  • Inventory Level at 0.8 Months of Supply (6 months supply is a "normal" market)
      
  • 5 Short Sale and 12 Bank Owned / REO sales closed.
  • Approximately 279 pre-owned properties sold in the RMLS, at approximately $84,668,000 in value.  Average sales price = $303,471
     
  • Approximately 67 New properties sold in RMLS at approximately $24,826,000 in value. Average sales price = $370,536
Lack of sufficient Available Active Inventory is shaping up to be a key challenge for home buyers this year. We cannot stress enough the need to save up for the funds necessary to secure your home loan, and also get your Debt-to-Income ratio in a healthy position (39% or less may be best).

We have prepared three charts (from the Regional Multiple Listing Service) to illustrate the real estate market results for Unit Sales, Average & Median Prices; and Days on Market:

RMLS Charts of Vancouver WA Resale Home Sales Trends for January 2017 Vancouver Resale Home Sales Inventory & Days on Market Trends

The Inventory By Month graph tells us that the new listings are not yet at a high enough level to improve the inventory level significantly.  

The second graph is showing that new listings are expecting to be able to achieve a higher sales price compared to the recently sold properties.

Lastly, the Days on Market indicators confirm we are in a fast-paced, Seller's Market.

Thanks for visiting and reading our update on Home Sales and Real Estate News for Vancouver Washington. You are invited to call us with any questions, or requests for assistance.

PS - the 2017 home sales market for Vancouver WA is expected to remain a Seller's market in the near term.  If you ace planning on Selling and want to know what your home is worth -  we offer a no-cost, no-obligation Real Estate Home Value for your Vancouver WA Home.  We also have on-line form to request your Home Market Analysis,,  Either way we trust you won't delay!

PPS - Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

Some of the Popular Searches include:  Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.

We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA.

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: with any real estate statistics, we've done our best to provide the best representation at the time the data was acquired.  We deem the data and reports reliable but not guaranteed.

Monday, February 20, 2017

98685 Homes For Sale - January 2017 Report

Vancouver WA Home Sales in 98685 Slow with the Wintry January 2017 Weather!


 2017's Winter Weather has delivered some Epic Snow and Rainstorms, and to be sure has had some effect on the activity of both Buyers and Sellers in the 98685 Zip Code.  Here are this month's highlights from RMLS:

  • 18 Units Closed, with 32 Units going Pending;
       
  • The Average Sales Price was $333,195; with the Average New Listing's price at $372,000.
     
  • Cumulative Days On Market (CDOM) Averaged 54 Days - relatively brisk sales for a Winter Month.
  • The Level of Inventory is at 1.4 Months, which is slightly better than Vancouver's 0.8 Months - very much a Severe Seller's Market!
Moving into the traditionally stronger months for real estate activity, we are expecting 2017 to start out as brisk of a pace as in 2016, with strong upward pressure on prices.  With the level of inventory so low, there are just too many buyers for the number of Active listings..

A chart of Unit Sales, Average & Median Prices; and Days on Market information are shown below (from RMLS chart-tools):

Charts of Vancouver WA 98685 Sales Trends in January 2017 Vancouver 98685 Sales Inventory & Days on Market Trends

The Inventory-by-Month chart is showing the low level of activity we see in the Winter Season for Closed Sales and New Listings.

The second graph shows the higher list-prices that are a logical outcome with such a low level of inventory.

Average Days on Market and Median Days on market measurements are higher in Winter but, when both are less than 60 days that is a clear sign of a hot market!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in January 2017.  Please contact us with any questions or comments; and to let us know how we can be of assistance!


PS
- Don't wait any longer with your Selling or Buying Plans in the 98685 Zip Code - Call Us Soon!   We also offer a no-cost, no-obligation Vancouver WA 98685 Market Price Valuation, and invite you to try it out!

 PPS - You are invited to visit the 98685 Homes For Sale page at our website, where we have made Home Search  You do not have to Sign-up to view the Listed Properties!  You may also Search these Neighborhoods in 98685: Felida Homes For Sale; and Salmon Creek Homes For Sale.



The 98685 market information statistical charts in this report (prepared by Vancouver WA 98685 Listing Realtor® John Slocum, our resident statistician) are based on sales recorded in the Vancouver MLS system (RMLS) for Zip Code 98685, 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 Housing 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.

Wednesday, February 15, 2017

Off To The Races for Vancouver WA Real Estate in 2017

Southwest Washington + Vancouver WA Real Estate Activity Arrived Early!

Traditional Real Estate Industry wisdom would say that Home Shoppers start their activity two-weeks prior to the Super Bowl weekend; while the Home Sellers came on the market about two-weeks after the Big Game. For many years this seemed reasonably true, but not these past couple of years!  Early in the month of January for both 2016, and now 2017, the lock-box openings in Southwest Washington have taken off like a rocket, rising to almost-summertime levels early in February. 

Chart of RMLS Washington Lockbox Statistics February 2017 RMLS Washington Lock-Box Activity - Week Ending 2-5-17

In fact, it appears that the level of activity in 2017 seems so far, to be stronger than in 2016.  Thus for Home Owenrs thinking of Selling, here are some recommended initial Action Items:

  • Contact us to let us help you with a Home Market Analysis and Pricing Strategy.
     
  • Your Property's Curb Appeal and Exterior Appearance + Function is Important. Items include: Trimming trees & hedges; putting down fresh bark dust; Clean Roof, Gutters, Driveway, Walkways and Deck(s).
      
  • Inside your Home - De-Clutter x 3; Pack-up Items you don't need day to day; and De-Personalize.

  • Home Repairs - get All known Electrical, Plumbing and othe Functional Items Repaired.

Eventhough the market is moving quickly, and prices are rising strongly, Proper Preparation and Presentation of your home on the First Day it hits the market will provide an Excellent Return for your efforts.  Call us for more details.

Home Shoppers / Buyers in this market environment must also be very prepared both financially and with the time-budget necessary to Act Promptly when the right home comes on the market.  We'll discuss more Home Buyer Preparation Tips in our next installment.

Thank you for visiting and reading our real estate market update for Vancouver Washington. Please feel free to contact us with any questions, or requests for assistance. 


PS - 2017's Real Estate Market is starting out strong for Vancouver WA.  If you ace planning on Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Comparative Market Analysis for your Vancouver WA Home.  We also have on-line form to request your Home Market Analysis,,  Either way we trust you won't delay!

PPS - Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up Not Required!

Some of the Popular Searches include:  Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.

We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA.


This report and any 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.

Tuesday, January 31, 2017

Condo Market Report for Vancouver WA - 2016 Summary

Robust Sale Activity Throughout 2016 for Condos in Vancouver Washington!

Viewpont at VancouverCenter Condos in Downtown Vancouver WA
 One of the most popular segments of the local real estate scene are Condos for sale in Vancouver Washington.  This past year we've seen record demand, without a concurrent increase in new listings; leaving us with an incredible Seller's Market. Here are the highlights for the year 2016:



  • The 3-Month Moving Average Condo Average Sales Prices are at $213,427 - record high levels,  closing up 4.9% over year-end 2015; the 12-Month Moving Average also closed up a strong 7.9% from last year;
       
  • 644 pre-owned Condos sold in 216; down about 18 (-2.7%) from 2015's condo sales - clearly  we are at Capacity for the Condo segment of  the overall Vancouver WA Real Estate Market;
     
  • 21 REO/Bank Owned Condo units sold (3.3% of total); down from 50 (7.6% of total) in 2015.
     
  • 10 Short Sale Condo units sold (1.6% of total); compared to 19 (2.9% of total) in 2015.
With 18 fewer units sold this year compared to 2015's sales, combined with rising prices assures us we are still in a Seller's Market for Condos.

We'll continue with our Custom Charts below: 
Vancouver Washington Condo Sales total year 2016 - Units Sold Vancouver WA Resale Condo Sales - Units Sold 2016
We see a clear leveling in the long-term chart, with a higher-low, and lower-high for the short term trend line. We see this as a good sign that the condos are selling about as fast as they come on the market, no matter what time of the year.

Vancouver WA Condo Sales total year 2016 - Average Sales Price Trends Vancouver WA Resale Condo Sales - Average Sales Price

For over a year now the long-term price trend has been in a steady up direction, with the short-term trend staying above that line.

Finally, Unit Sales, Average & Median Prices; and Days on Market information shown below (from RMLS ), shows the recent two-year's worth of condo market results - January 2015 through December 2016:
Charts of Vancouver WA Condo Sales Trends for total year 2016 Vancouver Condo Sales Inventory & Days on Market Charts

Inventory-by-Month is shown first, with the closed sales in 2016 fairly consistent from month-to-month.

The second graph shows the gradually higher list-prices, and sales prices.

Lastly, the Pace of Sales, as measured by the Average Days on Market and Median Days on market was very brisk in 2016 compared to 2015!

We hope you found our report helpful on the 2016 Condo Market in Vancouver WA.  Please let us know your questions or comments; as we are glad to be of assistance!

PS - Do you have Condo Selling or Buying Plans in 2017 - then Call Us Soon!   We also offer a no-cost, no-obligation Vancouver WA Condo Valuation, and know you'll want to try it out! 

PPS - You may also want to visit the Condos 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 Townhomes!


The information and charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Listing 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.