Vancouver WA Real Estate information and resources for the home seller or home buyer looking to be better informed.
Thursday, March 9, 2017
Homes For Sale 98685 - February 2017 Report
Home Sales Slowly Warming Up in February 2017.
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
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
Next up we have Unit Sales, Average &
Median Prices; and Days on Market information shown below (from RMLS
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
98685 Market Price Valuation, and invite you to try it out!
The 98685 market information statistical charts in this report (prepared by
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.