Wednesday, April 5, 2017

What Is My 98685 Home Worth - March 2017

98685 Vancouver WA Home Sales Heating up in March 2017

 As a Popular area in the Vancouver WA Real Estate market, the Homes for sale in 98685 have shown considerable sales activity in March, despite the low level of "Active" listings.  Here are this month's highlights from RMLS:

  • 26 Units Closed, with 53 Units going Pending - a big increase in the pending over last month;
  • The Average Sales Price was $369,254; with the Average New Listing's price at $302,073.
  • Cumulative Days On Market (CDOM) Averaged 16 Days - slightly up; while the Median dropped to 16 days!

  • The Level of Inventory remained at 1.2 Months, with a strong level of new listings nearly matched by the Pending Sales!
Interest rates are were at 4.2% for the traditional 30-year home loan / mortgage; and can be even lower with certain options such as a 5-7/1 ARM was at 3.21%.  Home prices will keep rising in the near term, and the best advice for home buyers is to get pre-approved and look at the various Fixed Term (15 year or 30 year) and Adjustable Rate loan options.

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 March 2017 Homes For Sale 98685 Inventory & Days on Market Trends

The Inventory-by-Month chart shows the continued low level of Closed-Sales, with both Pending Sales and New Listings taking a huge upward jump.

The second graph is showing overall upward trend in closed and listed prices for homes in 98685.

Average Days on Market bumped upwards, while the Median Days on market again dropped substantially - showing home purchase activity has gone into over-drive!

Thank you for visiting and reading our report on the Vancouver WA 98685 Real Estate Market in March 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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