Homes for sale Clark County WA - October 2017

Clark County WA's Homes For Sale Turned in Improved Results in October 2017.

Nearing the end of another strong sales year for homes and real estate in Clark County; closed sales-prices are at record-highs; with continued low-inventory of available homes. Here are some of the highlights for October's results: 

• Average-Sales Prices remain at record highs, with the 12-month/long-term trend line up 9.9% compared to October 2016,  and the 3-Month Moving Average  is up 10.01% from last year; 
   
• The Inventory for Resale Homes has shrank slightly to the still very-low 1.5 Months Supply;
   
• Approximately 600 Resale Homes were sold in the month, which is about 9 more  (1.5%) homes than in 2016; and 31 fewer than last month.
   
• REO/Bank Owned property sales were 6 units (0.7% of total); down from 11 (1.9%) in 2016. 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.3% of total); down from 9 (1.5%) in 2016.

The month-end, 30-year-fixed home loan benchmark interest rate is 3.9% (up from 3.81% last month) according to Freddie Mac; compared to 3.47% for October 2016.

Shown below are custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. Simple "smoothing" is applied to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 

Clark County Home Sales - Units Sold Trend October 2017

The short-term trend-line is well into its regular downturn which is fully expected this time of the year. The long-term line is also showing lack of strength. Year-to-date there are about 120 (-2.0%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are still moving in a positive, but perhaps slower direction. 

Clark County Home Sales - Average Sales Price Trend October 2017

The October short term Average sales price for Clark County is now up to $371,655. This is an increase of about $33,831 from the same month last year.

Clark County Home Sales Inventory
& Days on Market - October 2017

These final three graphs from RMLS show:

A leveling of the pace of Pending Sales, with a continued decrease in new Listings, with the resultant drop in the level of Inventory. 

In the second graph we now see the average list price matching the closed sale price; and at a lower level than seen last month for new listings.

Finally, for the Days on the Market, the Average rose moderately, while the Median moved up quite a bit from the prior month's level.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.

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PS - This is still a great time to Market Your Home in 2017; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Homes | Brush Prairie WA Homes | Camas WA Homes | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Homes | Yacolt WA Homes | Amboy WA Homes

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The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.