Vancouver WA Real Estate information and resources for the home seller or home buyer looking to be better informed.
Monday, January 30, 2017
Luxury Real Estate & Luxury Home Sales for Vancouver WA 2016 Final
Improvement for Luxury Real Estate & Home Sales
for Vancouver WA in 2016!
Vancouver WA Luxury Real Estate and Luxury Homes had been
one of the lagging segments of the local real estate and home sales seen.
Homes priced below the area average, up to a modest amount above; have been
selling like wildfire. However, the further we went above that zone the
sales slowed down considerably - until 2016 arrived!
Our Luxury Home
Sales report includes both areas in the
Vancouver City limits; and nearby Vancouver Zip Codes that Clark County
oversees. The minimum price/ value of $700,000 for a
property to qualify for this area's luxury category.
Here's the current luxury
homes & real estate market view:
Closed Sales took place in every month, with the highest months in Summer / early
Fall, and finishing with a strong December.
Vancouver WA Luxury Properties sold in 2016 = 53; compared to 34 in 2015;
There were Zero Bank Owned Luxury Home sales in both 2016 and 2015.
There were Zero Short Sale /Pre-Foreclosure property sales in both 2016
Vancouver WA has become a prime area for a luxury home buyer to move to
from other parts of the country, especially home-based entrepreneurs and
retirees, as we have No State or Local Income Tax. Combined with
relatively low Jumbo Home Loan rates, it is no wonder we are seeing strong
improvement this year.
We like to use our own custom charts to tell
our story, and this first one shows the rolling-three-month
average unit sales (in red); with the rolling-twelve-month average (in blue)
[Note - click on the chart to see a larger view]:
Vancouver WA Luxury Home Sales - Units Sold Trend
Vancouver WA's Luxury Real Estate & Home market sales units dipped quite low in the early part of the year, which is
typical; yet this year the volume advanced strongly, finishing the year in
With such a small number of data-points to work with, we will skip our
typical chart that shows average sales price trends. Thus, the next three charts
come from RMLS for Inventory by Month; Average/Median Price by Month; and,
Average/Median Days on Market by Month:
Vancouver Luxury Home Sales Inventory & Days on Market Trends
For 2016 it is clear the New Listings and Closed Sales came in
stronger than the prior year.
The Average/Median Price by month
shown in the second graph is illustrative of how it is tough to find meaning
in a line graph for these data.
Finally the Sales Pace without
a doubt shows greater velocity in 2016, with both the Average and Median DOM
finishing around 100 days.
15 Luxury Homes that Closed for over $1,000,000:
Vancouver Luxury Homes Sold 2016
With the higher number of Luxury Homes selling in 2016, there were
also many more closing above $1,000,000 at 15; vs. 11 in 2015.
Additionally, 5 of those luxury properties sold above $2,000,000; vs. 1 in 2015.
- You are invited to visit our
Real Estate in Vancouver WA webpage, where we have made it Easy to search
Neighborhood for luxury homes and property from the entire
RMLS. You do not have to Sign-up to view luxury homes!
The informational charts for Vancouver WA Luxury Homes in this report (prepared by
Vancouver WA Realtor®John Slocum, our statistician &
Econ/Math major) are based on
luxury real estate sales recorded in the Vancouver MLS system (RMLS), 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 Luxury Property market.
Disclaimer: as with all real estate
and property statistics, we do our very best to provide the most informative representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.