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!

- 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.

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