Wednesday, November 18, 2020

Real Estate in Clark County WA - October 2020 Report

Record Monthly Unit-Sales Plus Record High Prices Drive Real Estate in Clark County WA for October 2020.

We are breaking records all over the map, with ultra-low Active Real Estate Inventory; Mortgage Rates below 3%; with Record levels for both number of Properties Sold and Prices. Here are the key points for this month's report:  

  • Average-Sales Price jumped again to $476,821 - a $9k+ month-over-month gain; with the 12-month/long-term trend line up 11.28% year-over-year;  and the 3-Month Moving Average up 17.88% from this time last year; 
     
  • The Inventory for Resale Real Estate slipped 0. to finish at 0.7 Month's worth of Supply;
     
  • Approximately 780 Resale Properties were sold/closed, which is about 200 more (34.5%) homes than in 2019; and 22 more than last month;
     
  • REO/Bank Owned property sales were 3 units (0.38% of total); up from 1 (0.17%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 1 (0.17%) last year.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, remained below 3% to a monthly average of 2.83% (another All-Time Low!) according to Freddie Mac; compared to 3.69% for October 2019. Rates may be heading up soon, which may be prompting some of the recent buyer activity.

I have created a custom chart to show Unit-Volume (number of properties sold) action with short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales October 2020- Units Sold Clark County Home Sales - Units Sold Trend October 2020

With un-seasonally strong Unit-sales hitting another high this month keeps the upward move alive for the short-term line; while the long-term line keeps moving steeply upwards. Currently we are now only 21 property-sales behind last year at this time.

Average Home Sales Prices continue their steep upward climb, both short-term and long-term: 

Clark County Home Sales October 2020- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend October 2020

New Listings came in rather strong this month but, not strong enough to stop the slide in Active Inventory. We continue to see real estate related news nation-wide that many households are moving out of the large cities and looking for smaller suburban communities like we find in Clark County.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $476,821; which is approximately $72,314 (+17.88%) higher than this time last year.

The remaining charts for our report come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in October 2020 Clark County Home Sales Inventory
& Days on Market - October 2020


New Listings improved slightly while Pending Sales slipped from last month; with Closed Sales coming in at the strongest level we've ever seen. Active Inventory slipped by 0.2 month's worth of supply to a record low level for resale property. 

The second graph shows both Prices for Closed Sales and Average Listing Price coming in at their all-time-highest one-month mark!

Finally, the Average Days on Market actually fell by 9 days which is unusual for this late in the year; while the Median Days on the Market -  remained the same at 7 days / 1-week level now for 4 weeks in a row. 

Thank you for visiting our report for Real Estate Sales in Clark County Washington. Please let me know if you have any questions or need help with your property or condo sale or purchase!
 


PS - The real estate sales market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Home with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Real Estate Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  You are invited to visit our web-page for Clark County WA Real Estate 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 For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Homes for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Home Sales Agent, John Slocum, 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.

Monday, October 12, 2020

Homes For Sale Clark County WA - September 2020 Report

Near-Record Monthly Unit-Sales Plus All-Time High Prices Continue for Clark County WA in September 2020.

Sub-3.0% mortgage interest rates are in a zone never seen before, and fueling buyer demand that is stronger than the willingness of existing home-owners to put their homes on the market to meet that. Thus, Inventory is half of what it was last year with closed sales prices zooming upwards. Here are highlights for this month:  

  • Average-Sales Price jumped up to $468,011 - an $11k+ month-over-month gain; with the 12-month/long-term trend line up 9.87% year-over-year;  and the 3-Month Moving Average up 15.57% from this time last year; 
     
  • The Inventory for Resale Real Estate slipped 0.1 to finish at 0.9 Month's worth of Supply;
     
  • Approximately 738 Resale Properties were sold/closed, which is about 135 more (22.39%) homes than in 2019; and 78 more than last month;
     
  • REO/Bank Owned property sales were 1 units (0.14% of total); down from 2 (0.33%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 1 units (0.14% of total); down from 2 (0.33%) last year.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell below 3% to a monthly average of 2.89% (another All-Time Low!) according to Freddie Mac; compared to 3.61% for September 2019. Rates will likely stay in this low range for the near future.

Next up is my custom chart illustrating Unit-Volume (number of properties sold) action with short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales September 2020- Units Sold Clark County Home Sales - Units Sold Trend September 2020

Robust Unit-sales the past three months have powered the upward move for the short-term line; with the long-term line moving strongly upwards as well. At this point we are now only about 4.85% below last year for year-to-date closed sales.

The Average Home Sales Prices have been zooming upwards in the near-term; with the long-term line also in a very steep upward slope: 

Clark County Home Sales September 2020- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend September 2020

New Listings in the past few months are coming in at a level very nearly to what we've seen the prior two years however, there is still a large gap from when the State was initially shut-down that has not been erased. Another trend increasing demand for homes in Clark County are people leaving the big-city violence like Seattle, Portland, etc. With combined good demand and low Inventory there are no brakes to keep home prices from rising out-of-control at this point.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $468,011; which is approximately $63,044 (+15.57%) higher than this time last year.

The last charts for our report come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in September 2020 Clark County Home Sales Inventory
& Days on Market - September 2020


New Listings and Pending Sales slipped from last month; with Closed Sales coming in very strongly (second highest mark for the past 12 months). The combined result was Inventory slipped by 0.1 month's worth of supply to a level less than 1 month-total of Supply! 

The second graph shows Prices for Closed Sales coming in at their second-highest one-month mark. Average Listing Price also came in at their second-highest one-month mark!

Finally, the Average Days on Market rose by only 2 days; while the Median Days on the Market -  remained the same at 7 days / 1-week. We are still in a very brisk market.

Thank you for visiting our report for Home Sales in Clark County Washington. Please let me know if you have any questions or need help with your home or condo sale or purchase!
 


PS - The home sales market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Home with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  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 For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Homes for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Home Sales Agent, John Slocum, 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.

Wednesday, September 9, 2020

Real Estate Sales Clark County WA - August 2020 Report

Unit-Sales Ease while Prices Continue to Rocket Upward for Clark County WA in August 2020.

The convergence of Low Active Inventory and Buyer Demand that had been delayed from prior months is squeezing sales prices strongly upwards. Unit Sales eased slightly - most likely because there are fewer listings to choose from! Here are key points for this month:  

  • Average-Sales Price jumped up to $456,571 - an $17k+ month-over-month gain; with the 12-month/long-term trend line up 12.15% year-over-year;  and the 3-Month Moving Average up 7.77% from this time last year; 
     
  • The Inventory for Resale Real Estate slipped 0.2 to finish at 1.0 Month's worth of Supply;
     
  • Approximately 630 Resale Properties were sold/closed, which is about 114 fewer (-15.32%) homes than in 2019; and 132 fewer than last month;
     
  • REO/Bank Owned property sales were 3 units (0.47% of total); down from 5 (0.66%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 3 (0.39%) last year.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell below 3% to a monthly average of 2.94% (another All-Time Low!) according to Freddie Mac; compared to 3.62% for August 2019. It is expected that rates will remain low for the near future.

I have prepared an updated custom chart showing Unit-Volume (number of properties sold) action with short term (in Red) and long term (12-month moving average in Blue) trends shown below: 

Clark County Home Sales August 2020- Units Sold Clark County Home Sales - Units Sold Trend August 2020

With relatively strong Unit-sales we still have an upward move for the short-term line; and even have a slight upwards move for the long-term line. However, we are still 9.22% below last year for year-to-date closed sales.

The next chart shows Average Home Sales Price trend rocketing upwards in the near-term; with the long-term line steepening its slope also: 

Clark County Home Sales August 2020- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend August 2020

New Listings are not nearly enough to meet the demand by home buyers. We also are seeing the trend nation-wide for people leaving the big cities for suburban counties such as Clark County. That, and with the low interest rates, we expect the price trend to be strongly upwards for the near term.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $456,571; which is approximately $49,460 (+12.15%) higher than this time last year.

The remaining graphs for our report come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in August 2020 Clark County Home Sales Inventory
& Days on Market - August 2020


New Listings eased off of last month's high for the year; while Pending Sales came in at their highest level for the year. Closed Sales also eased off but still came in at about the second-highest level for the past twelve months. The combined result was Inventory shrank by 0.2 month's worth of supply. 

The second graph shows Prices for Closed Sales again hitting their highest one-month mark, this time by a wide-margin over last month which was the previous high. Average Listing Price came in quite high as well, although not the highest level ever..

Finally, the Average Days on Market fell by several days; while the Median Days on the Market - already at a low level - remained the same. Both are in the expected Summer season range.

Thank you for visiting our report for real estate Sales in Clark County Washington. Please let me know if you have any questions or need help with your home or condo sale or purchase!
 


PS - The real estate market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Property Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  You are invited to visit our web-page for Clark County WA Real Estate 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 Real Estate For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Real Estate for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Real Estate Sales Broker, 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.

Wednesday, August 12, 2020

Homes For Sale Clark County WA - July 2020 Report

Prices Explode Upward combined with Strong Unit-Home Sales for Clark County WA in July 2020.

Pent-up / Delayed Buyer Demand combined with Super Low Inventory is now reflected in steeply rising sales-prices. Unit Sales also came in higher than last year, although we are still behind last year's number of closings. Here are this month's report highlights:  

  • Average-Sales Price moved strongly up to $438,873 - an $11k+ month-over-month gain; with the 12-month/long-term trend line up 6.72% year-over-year;  and the 3-Month Moving Average up 7.86% from this time last year; 
     
  • The Inventory for Resale Real Estate improved slightly with a gain in New Listings, edging up 0.1 to finish at 1.2 Month's worth of Supply;
     
  • Approximately 745 Resale Properties were sold/closed, which is about 46 more (6.58%) homes than in 2019; and 138 more than last month;
     
  • REO/Bank Owned property sales were 5 units (0.67% of total); up from 0 (0%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 3 units (0.40% of total); up from 2 (0.29%) last year.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell again down to a monthly average of 3.02% (another All-Time Low!) according to Freddie Mac; compared to 3.77% for July 2019. Rates have even slipped below 3.0% since that time!

My custom chart showing Unit-Volume (number of properties sold) action with short term (in Red) and long term (12-month moving average in Blue) trends is shown below: 

Clark County Home Sales July 2020- Units Sold Clark County Home Sales - Units Sold Trend July 2020

This month's Strong Unit-sales results rocketed the short-term trend above the long-term trend; although the County's year-to-date closings are behind last year by over 8%.   

The chart for Average Home Sales Price shows the current price trend moving strongly upwards in the near-term - strong enough to move the long-term line in a steeper slope as well: 

Clark County Home Sales July 2020- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend July 2020

With the quantity of New Listings insufficient to exceed the current level of buyer-demand, we just aren't seeing relief in terms of an adequate number of homes for sale. Thus, we still have strong pressure on prices to go upwards.
 
The Average Sales Price (using the most recent 3 months) for Clark County is now $438,873; which is approximately $31,998 higher than this time last year.

The last charts in this report come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in July 2020 Clark County Home Sales Inventory
& Days on Market - July 2020


New Listings moved up nicely this month however, we know with the State's pandemic rules some of these listings were held in limbo for perhaps many months time. Pending Sales and Closed Sales both moved up as well, making July look like an exceptionally strong month. The truth is we have delays in listings and purchases that have skewed the numbers on the up-side this month. Available Inventory moved up by the smallest amount possible, and is still at an extremely low level. 

The second graph shows Prices for Closed Sales hitting their highest one-month mark, with Average Listing Price coming in strong.

Finally, the Average Days on Market remained the same; while the Median Days on the Market fell slightly (but this one cannot fall much lower!). Both are in the typical Summer season range.

Thank you for visiting our report for Home Sales in Clark County WA. Please let me know if you have any questions or need help with your home or condo sale or purchase!
 


PS - The home sale market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  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 Real Estate For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Real Estate for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Real Estate Sales Broker, 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.

Friday, July 17, 2020

Clark County WA Real Estate Sales - June 2020 Report

Closed Unit-Home Sales Still Lagging Year-to-Date With Prices More-Strongly Rising for Clark County WA in June 2020.

Closed sales did pick up this month but lower than last year's posting; and year-to-date numbers are off 13%. Prices increased more rapidly this month, with the super-low Inventory and record-low interest rates. Here are the key points for this month's report: 

  • Average-Sales Price moved up to $427,280 - another all-time high, with the 12-month/long-term trend line up 5.06% year-over-year;  and the 3-Month Moving Average up 7.01% from this time last year; 
     
  • The Inventory for Resale Real Estate remained at a super low 1.1 Month level of Supply;
     
  • Approximately 573 Resale Properties were sold/closed, which is about 87 fewer (-13.18%) homes than in 2019; and 112 more than last month;
     
  • REO/Bank Owned property sales were 3 units (0.52% of total); no change from 3 (0.45%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 unit (0.35% of total); up from 0 (0%) in 2019.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, slipped to 3.16% (another All-Time Low!) according to Freddie Mac; compared to 3.80% for June 2019. We expect rates to stay this low for several more months.

We now come to the custom chart showing Unit-Volume (number of properties sold) action with short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales June 2020- Units Sold Clark County Home Sales - Units Sold Trend June 2020

Unit-sales results this year finds us with the short-term trend below the long-term trend by 50 units; whereas last year the short-term line was above the long-term line by 63 units! Pending sales have picked up but not enough to quickly close the accumulated gap.   

The Average Home Sales Price custom chart is up next showing the current and past Home-Sales-Price results for both short-term and long-term: 

Clark County Home Sales June 2020- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend June 2020

The rising Price Trend got steeper this month; no doubt a result of lower available new listings and strong-enough pending sales. Without a stronger upward move in newly listed homes and condos the prices will likely keep moving strongly higher.
 
The Average Sales Price (using 3 months) for Clark County is now $427,280; which is approximately $28,005 higher than this time last year.

The remaining charts come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in June 2020 Clark County Home Sales Inventory
& Days on Market - June 2020


New Listings came in at the same lever; while Pending Sales and Closed Sales both moved up. Available Inventory remained the same however, and is at an extremely low level. 

The second graph shows Prices for both Closed Sales and Average Sales each hitting their highest one-month mark ever!

Finally, the Average Days on Market moved up by a few days; while the Median Days on the Market fell slightly. Both are in the range we usually see in early Summer.

Thank you for visiting our Market report for Home Sales in Clark County WA. Please let me know if you have any questions or need help with your home or condo!
 


PS - The home sale market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  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 Real Estate For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Real Estate for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Real Estate Sales Broker, 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.

Thursday, June 18, 2020

Home Sales Report Clark County WA - May 2020

Pending Unit-Home Sales and New Listings Perk-Up with While Prices Keep Rising for Clark County WA in May 2020.

Two months into the impacts of the government response to the virus, Closed Sales remained "stale" while New Listings and Pending Sales picked up this month. Prices have moderated their rise. Here are the highlights for this month's report: 

  • Average-Sales Price moved up to $422,630 - an all-time high one more time, with the 12-month/long-term trend line up 4.47% year-over-year;  and the 3-Month Moving Average up 7.16% from this time last year; 
     
  • The Inventory for Resale Real Estate moved down slightly to a super low 1.1 Month level of Supply;
     
  • Approximately 445 Resale Properties were sold/closed, which is about 183 fewer (-29.14%) homes than in 2019; and 12 more than last month;
     
  • REO/Bank Owned property sales were 5 units (1.12% of total); up from 4 (0.64%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 unit (0.45% of total); no change from 2 (0.32%) in 2019.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell to 3.23% (an All-Time Low!) according to Freddie Mac; compared to 4.07% for May 2019. Now in a territory challenged to not go higher by world-wide events, rates will likely remain low through this summer.

Next are the custom chart I have prepared for Unit-Volume (number of properties sold) showing short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales May 2019- Units Sold Clark County Home Sales - Units Sold Trend May 2020

This season we see Unit-sales moving upwards at a slower pace than what we typically see. With the lower Pending sales currently we expect the short-term trend to be weak; with the long-term trend continuing to fall.   

My next chart covers the changes in the Average Home Sales Price, with the current and past Home-Sales-Price results for both short-term and long-term: 

Clark County Home Sales May 2019- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend May 2020

Price Trends are still Rising moderately; which is reasonable to expect with a much small number of new listings. We'll be keeping a close eye on this trend, as there is the possibility that we'll see a surge of new listings once the State relaxes its rules on Isolation related to the virus.
 
The Average Sales Price (using 3 months) for Clark County is now $422,630; which is approximately $28,243 higher than this time last year.

The final charts come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in May 2019 Clark County Home Sales Inventory
& Days on Market - May 2020


New Listings and Pending Sales both moved up nicely this month in near lock-step; while Closed Sales moved up a small amount. Inventory actually shrank slightly as we don't have nearly the quantity of Active listings in the market that we usually have had in the most recent years. 

The second graph shows both the Closed Sales and Average Sales pricing coming in quite strong - again confirmation of action in a low-inventory real estate market.

Finally, the Average Days on Market remained about the same; while the Median Days on the Market rose slightly. Both are in the range of what we've experience in recent past years.

Thank you for visiting our Home Sales Market report for Clark County WA. Please let me know if you have any questions or need help with your home or condo!
 


PS - The home sale market is changing, prices are still rising, with loan costs presently at RECORD low levels, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - Looking to buy a home or property reasonably soon?  Interest rates are still at historically low rates.  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 Real Estate For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Real Estate for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale



The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Real Estate Sales Broker, 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.

Monday, May 18, 2020

Real Estate Market Lockbox Openings - Week Ending May 10, 2020

 Southwest Washington's and Oregon Lockbox Openings Far Lower than a Year Ago!

       
Chart Showing Decline in Lockbox Openings in Early April 2020 Up to May 10 Lockbox Openings in SW Washington & Oregon
What these Charts Show: In Southwest WA and Oregon much of the Residential Real Estate Listings are equipped with a Sentri-Lock brand electronic lock-box. Every time one of these boxes is opened an event is recorded by the authentication and data system; allowing for this high-level tabulation. We believe a larger portion of these openings are related to showing a property to a buyer.

The charts cover a time-interval of One Year plus at least 2 Weeks to let us to review the most recent activity level and how it compares to the same time-frame last year.

Both Washington and Oregon have seen an approximate halving in lock-box openings at the depth of the response to the stay-at-home requirements; then rising to about 70% to 75% of the level we were at last year. However, for the most recent week tabulated each state posted increases less than 4% from the prior week.

In Washington Homes and Commercial Properties are now possible to view in person although several precautions must be observed. Some of the precautions are:

 - Arrive in Separate Cars;
 - Broker opens the open to allow "No touch" walk-through by 1 buyer/person at a time;
 - Social Distancing rules apply;
 - Neither Buyer or Broker to have an active illness;
 - Wearing a Mask is recommended;
 - Try to have "Paperwork" to be Paperless (we use DocuSign);

There are a few other items to the overall list, and the list will likely change from time-to-time.

Property Inspections and Appraisals are being conducted (new rules apply); and many of the Escrow functions can be performed with minimal to no contact / office visit required.


BTW - Many of our listings have a video/walking tour prepared to allow you to screen the property on your phone or computer prior to visiting. Here's a current example in Steamboat Landing:

14021 SE 35th St. Vancouver WA 98683

Thank you for visiting our brief real estate lock-box activity report for SWWA and Oregon. We're glad to help you with any questions, or requests for assistance with your home purchase or sales needs in 2020!

PS - We love to Sell Real Estate in Vancouver Washington. Are you in the market to sell your property? - the first step to take is to ask us to find out what your Property will Sell For.  We'll prepare a confidential Market Analysis and Valuation, and a road-map for the Real Estate Selling Process.  Give us a Call - we'd love to help you out!

PPS - Home Shopping or, looking to right-size to another Home or Condo?  We wouldn't have a real estate market if there weren't home buyers, and we love to help Home Buyers!  As a part of our service we make it ease to Search all the available Real Estate for sale in Vancouver Washington or, separately Search all the available Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up is Not Required but recommended as you can Save your own custom search!

This report and custom charts (prepared by John Slocum Vancouver WA Real Estate Sales Broker, our resident statistician) are based on information posted in the Vancouver MLS system (RMLS).

Disclaimer: as with any 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.