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!

- 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.

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