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
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
Homes For Sale 98685 Inventory & Days on Market Trends
The Inventory-by-Month chart shows the continued low level of Closed-Sales,
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
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!
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.