Saturday, March 11, 2017

What is My 98683 Home Worth? - February 2017

98683 Vancouver WA Home Sales Slowly Warming Up in February 2017.

 The Snow last month slowed the Closed sales but, the rainfall did not stop the Pending Sales activity.  Here are this month's highlights from RMLS:

  • 22 Units Closed, with 42 Units going Pending;
  • The Average Sales Price was $325,663; with the Average New Listing's price at $339,345.
  • Cumulative Days On Market (CDOM) Averaged 38 Days - down quite a bit from last month, and very brisk sales for a Winter-time Month.

  • The Level of Inventory is at 1.1 Months, which is slightly down from last month - very much a  Seller's Market!
With financing rates still in the low 4% range for the traditional 30-year home loan / mortgage; and perhaps lower with some other options. We expect the first part of the year to perhaps be the best time for home-buyers to make a purchase, with the best combination of home price plus lower-financing rates.

We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS chart-tools):

Charts of Vancouver WA 98683 Sales Trends in February 2017 Homes For Sale 98683 Inventory & Days on Market Trends

The Inventory-by-Month chart is shows the somewhat low level of Closed-Sales, while Pending Sales exceeded the level of New Listings; leading to a reduction in available inventory.

Average Days on Market dropped moderately, while the Median Days on market dropped quite a bit more - a clear sign home buyers were busy in February!

Thank you for visiting and reading our report on the Vancouver WA 98683 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 98683 Zip Code - Contact Us Soon!   We 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: Homes For Sale in Cascade Park; and Homes For Sale in Fishers Landing.

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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