Vancouver WA Real Estate information and resources for the home seller or home buyer looking to be better informed.
Saturday, March 11, 2017
What is My 98683 Home Worth? - February 2017
Home Sales Slowly Warming Up in February 2017.
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
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
We've prepared the following chart with Unit Sales, and Days on Market information shown below (from RMLS
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
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!
PS - Don't
wait any longer with your
Selling or Buying Plans in the 98683 Zip Code - Contact Us Soon! We offer a
98683 Market Price Valuation, and invite you to try it out!
The 98683 market information statistical charts in this report (prepared by
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.