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!

- 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.

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