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.

Friday, May 8, 2020

Home Sales Report Vancouver WA - April 2020

Unit-Home Sales and New Listings Plummet with Continued Price Rise for Clark County WA in April 2020.

With a full month of the effects of the government response to the pandemic, we are seeing a big drop in both Closed Sales and in New Listings, yet - prices have not yet fallen. Here are the key elements for this month's report: 
  • Average-Sales Price moved up to $420,486 - another all-time high, with the 12-month/long-term trend line up 4.43% year-over-year;  and the 3-Month Moving Average up 9.15% from this time last year; 
     
  • The Inventory for Resale Real Estate remained unchanged at a very low 1.2 Month level of Supply;
     
  • Approximately 407 Resale Properties were sold/closed, which is about 130 fewer (-24.21%) homes than in 2019; and 47 fewer than last month;
     
  • REO/Bank Owned property sales were 5 units (1.23% of total); down from 10 (1.86%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 unit (0.49% of total); down from 5 (0.9%) in 2019.
The Home Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell moderately to 3.31% (Down from 3.45% last month) according to Freddie Mac; compared to 4.47% for April 2019. Now in uncharted territory with the federal and world-wide response to the current pandemic, we expect rates to remain lower and perhaps enter the 2% range.

Below we have our custom chart 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 April 2019- Units Sold Clark County Home Sales - Units Sold Trend April 2020
Unit-sales have turned the corner however, the pace going upward is very weak this year - which is to be expected with the massive disruption to the local and wider economy.   

Our graph for the action in the Average Home Sales Price is shown next, showing the current and past Home-Sales-Price results for both short-term and long-term: 


Clark County Home Sales April 2019- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend April 2020
The continued low level of Active Inventory is keeping the upward pressure on Prices; although it is difficult to think rising prices can continue much longer. 

The Average Sales Price (using 3 months) for Clark County is now $420,486; which is approximately $35,242 higher than this time last year.

The final charts come from RMLS and show:
Charts of Vancouver WA Home Sales Trends in April 2019 Clark County Home Sales Inventory
& Days on Market - April 2020

New Listings fell off the cliff this month when we would expect to see them rocketing up; while Pending Sales tread-water; and Closed Sales retreated slightly. At this point the level of Inventory did not change, and is still at a very low level. 

The second graph shows both the Closed Sales and Average Sales pricing turning in very strong marks, which in turn is reflected in the charts showing rising prices.

Lastly, both Average Days on Market and Median Days on the Market posted lower numbers like we regularly see this time of year.

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


PS - The real estate market is changing, prices are expected to soften, with loan costs presently at very 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 Real Estate Valuation, and invite you to try it out!

PPS - Looking to buy a 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, April 8, 2020

Real Estate Market Report Clark County WA - March 2020

Crashing Unit-Home Sales With a Lingering Price Rise for Clark County WA in March 2020.

We are starting to see the Pandemic/Government effects on the shutting-down / slowing-down of the economy in the statistics for the local real estate market. Both Pending and Closed sales are down; with Available Inventory moving upwards.  Here are the highlights for this month's report: 

  • Average-Sales Price still has upwards inertia and climbed to $418,115 - another all-time high, with the 12-month/long-term trend line up 3.81% year-over-year;  and the 3-Month Moving Average up 8.11% from this time last year; 
     
  • The Inventory for Resale Real Estate moved upwards 0.4 month's-worth, to a still 1.2 Month level of Supply;
     
  • Approximately 433 Resale Properties were sold/closed, which is about 68 fewer (-13.57%) homes than in 2019; and 46 more than last month;
     
  • REO/Bank Owned property sales were 3 units (0.7% of total); down from 4 (0.8%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 unit (0.46% of total); no change from 2 (0.4%) in 2019.

The Home Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, went slightly lower to 3.45% (Down from 3.47% last month) according to Freddie Mac; compared to 4.27% for March 2019. With the massive federal response to the Pandemic, we don't expect the loan interest rate to rise.

Next up is my custom chart 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 March 2019- Units Sold Clark County Home Sales - Units Sold Trend March 2020

The Short Term trend last year hit the low-point in February. This month is the lowest-point for our current year; and it is possible this won't bottom-out just yet. The long-term trend also shows some downward direction when it had been going side-ways.   

The chart for Average Home Sales Price is shown next, illustrating the current and past Home-Sales-Price results for both short-term and long-term: 

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

The long duration of extremely low level of Active Inventory kept strong upward pressure on Prices; and we are likely seeing inertia in the price-direction for this reporting month.  With the combination of the Pandemic and Financial markets in distress, it is very likely we'll see much softening in sales prices very soon.
 
The Average Sales Price (using 3 months) for Clark County is now $418,115; which is an increase of approximately $31,355 from this time last year.

The remaining set of graphs come from RMLS and show:

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


New Listings jumped up like we typically have seen in the past; while Pending Sales and Closed Sales both broke-rank and lagged far behind. If this divergence continues we expect the level of Active Inventory to increase rapidly and substantially. 

The second graph shows both the Closed Sales and Average Sales pricing coming in at their highest level ever, which is perhaps not surprising at the Peak of any market run-up.

Finally, Average Days on Market and Median Days on the Market have both fallen like we typically see early in the main Real Estate Selling Season. Time will tell where these two measures will settle in at.

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


PS - The real estate market is changing, prices are softening with loan costs presently at very 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 Real Estate Valuation, and invite you to try it out!

PPS - Looking to buy a 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.

Sunday, March 22, 2020

Home Sales Report Clark County WA - February 2020

Unit-Home Sales Edging Lower while Price Level Rose for Clark County WA in February 2020.

Starting the new the year we have fewer Active Listings with Less than One (1) Month of Available Inventory; which has resulted in slightly lower unit sales this month; with Prices remaining near their all-time high.  Here are the key elements for this month's report: 
  • Average-Sales Price returned to an uptick to $413,295 which is now the new all-time high, with the 12-month/long-term trend line up 3.11% year-over-year;  with the 3-Month Moving Average up 7.52% from this time last year; 
     
  • The Inventory for Resale Real Estate saw no change at the very low 0.8 Months level of Supply;
     
  • Approximately 375 Resale Properties closed in the month, which is about 13 fewer (-3.35%) homes than in 2019; and 9 more than last month;
     
  • REO/Bank Owned property sales were 4 units (1.1% of total); up from 2 (0.5%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 unit (0.53% of total); no change from 2 (0.52%) in 2019.
The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) resumed its fall to 3.47% (Down from 3.62% last month) according to Freddie Mac; compared to 4.37% for February 2019. The current rate level is now seeing support, as a large number of Refinance applications are being processed.

The following custom chart for Unit-Volume (number of properties sold) shows short term (in Red) and long term (12-month moving average in Blue) trends: 
Clark County Home Sales February 2019- Units Sold Clark County Home Sales - Units Sold Trend February 2020
The Short Term trend is nearing its bottom-out point for the year, and appears to be going slightly lower than the low-point for last year. The long-term trend is still generally horizontal.   

The Trends for the Average Home Sales Price are shown in the next chart, displaying the current and historical Home-Sales-Price results in both short-term and long-term: 


Clark County Home Sales February 2019- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend February 2020
The extremely low a level of Active Inventory has kept Prices at their highest-ever level. With the nation's current response to the current pandemic we expect prices to soften, and perhaps substantially.

The Average Sales Price (using 3 months) for Clark County is now $413,295; which is an increase of approximately $26,302 from this time last year.

The final collection of graphs for this report come from RMLS and show:
Charts of Vancouver WA Home Sales Trends in February 2019 Clark County Home Sales Inventory
& Days on Market - February 2020

Both New Listings and Pending Sales have made a lock-step although modest upswing; with Closed Sales moving up slightly from last month. 

The second graph shows both the Closed Sales and Average Sales pricing coming in strong.

Finally, Average Days on Market fell quite a bit; and Median Days on the Market fell even more percentage-wise.
I have also posted the recent RMLS published report on the Clark County home sales

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


PS - The Home sales market is changing, prices are softer with loan costs presently at very 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 Price Valuation, and invite you to try it out!

PPS - Looking to buy a 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.

Wednesday, February 12, 2020

Real Estate Sales Report - January 2020

Slightly Lower Unit-Home Sales with Strong Price Level for Clark County WA in January 2020.

Starting the new the year we have fewer Active Listings with Less than One (1) Month of Available Inventory; which has resulted in slightly lower unit sales this month; with Prices remaining near their all-time high.  Here are the key elements for this month's report: 
  • Average-Sales Price slid slightly to $409,054 which is still almost at the all-time high, with the 12-month/long-term trend line up 2.94% year-over-year;  with the 3-Month Moving Average up 6.82% from this time last year; 
     
  • The Inventory for Resale Real Estate slipped 0.2 months to a very low 0.8 Months of Supply;
     
  • Approximately 357 Resale Properties closed in the month, which is about 21 fewer (-5.56%) homes than in 2019; and 94 fewer than last month;
     
  • REO/Bank Owned property sales were  units (1.12% of total); no change from 4 (1.1%) in 2018; 
     
  • Short Sale /Pre-Foreclosure property sales were 1 unit (0.28% of total); down from 3 (0.84%) in 2018.
The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) resumed its fall to 3.6x% (Down from 3.72% last month) according to Freddie Mac; compared to 4.46% for January 2019. The current rate level is declining from near-term (and perhaps longer-term) downward pressure.

Continuing on I have created a custom chart 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 January 2019- Units Sold Clark County Home Sales - Units Sold Trend January 2020
The Short Term trend is well below the long-term line, and perhaps close to its seasonal turnaround point. The long-term trend continues its sideways move at this point, although it is not far above its recent low.  

The Average Home Sales Price trend is shown in the next chart, illustrating the current and historical Home-Sales-Price results in both short-term and long-term: 


Clark County Home Sales January 2019- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend January 2020
This season is unusual as we see Prices recently making an all-time time - an event we usually see in the Summer season! The extremely low and falling level of inventory keeps strong upward pressure on sales prices at this time.

The Average Sales Price (using 3 months) for Clark County is now $409,054; which is an increase of approximately $26,128 from this time last year.

The last set of charts for this report come from RMLS and show:
Charts of Vancouver WA Home Sales Trends in January 2019 Clark County Home Sales Inventory
& Days on Market - January 2020

Both New Listings and Pending Sales have made a decent upswing; while the typically lagging Closed Sales are lower from last month. 

The second graph shows the Closed Sales pricing coming in strong; with Average List prices signaling the expectation of sellers for prices to continue move up.

Finally, Average Days on Market jumped up considerably; while Median Days on the Market moved up strongly as well.
I have also posted the recent RMLS published report on the Clark County real estate market here: RMLS Market Action Report on our main website.

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


PS - The real estate market is changing, prices are softer with loan costs presently at very 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 Real Estate Valuation, and invite you to try it out!

PPS - Looking to buy a 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.

Tuesday, January 21, 2020

Home Sales Report Clark County WA - December 2019

Uptick in Unit-Home Sales and Prices for Clark County WA in December 2019.

Closing out the year we see higher unit sales this month; with Prices rising too - a direction that is uncommon at this time of year. Active Inventory slid again to a very, very low level. Here are the highlights for this month's report: 
  • Average-Sales Price moved up briskly to  $409,639, with the 12-month/long-term trend line up 3.16% year-over-year;  with the 3-Month Moving Average up 5.99% from this time last year (up strongly from last month); 
     
  • The Inventory for Resale Real Estate slipped 0.3 months to an extremely low 1.0 Months of Supply;
     
  • Approximately 438 Resale Properties closed in the month, which is about 14 more (3.3%) homes than in 2018; and 102 fewer than last month;
     
  • REO/Bank Owned property sales were 2 units (0.46% of total); down from 3 (0.7%) in 2018; 
     
  • Short Sale /Pre-Foreclosure property sales were 2 units (0.46% of total); up from 0 (0%) in 2018.
The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) again rose slightly to 3.72% (Up from 3.70% last month) according to Freddie Mac; compared to 4.64% for December 2018. The current rate level is starting to see near term downward pressure.

Next I have prepared a custom chart for Unit-Volume (number of properties sold) that shows the short term (in Red) and long term (12-month moving average in Blue) trends: 
Clark County Home Sales December 2019- Units Sold Clark County Home Sales - Units Sold Trend December 2019
The Short Term trend has now crossed the long-term line, and is continuing its typical seasonal decline. The long-term trend appears to be going horizontal at this point.  

The next chart shows the Average Home Sales Price trend, illustrating the current and historical Home-Sales-Price results in both short-term and long-term: 


Clark County Home Sales December 2019- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend December 2019
Prices have taken an uncommon upward turn this month. The extremely low level of inventory is causing very strong upward pressure on prices at this time.

The Average Sales Price (using 3 months) for Clark County is now $409,639; which is an increase of approximately $23,145 from this time last year.

The last set of charts for this report come from RMLS and show:
Charts of Vancouver WA Home Sales Trends in December 2019 Clark County Home Sales Inventory
& Days on Market - December 2019

Once Again New Listings declined more than Pending Sales and Closed Sales; forcing the level of Active Inventory to shrink to an extremely low level. 

The second graph shows the Closed Sales pricing hitting an all-time high; while  Average List prices came in at one of its higher marks - both showing that we'll be expecting prices to continue going up.

Finally, Average Days on Market moved up by a few days; while Median Days on the Market moved downwards by a few days.
You will also find posted the recent RMLS published report on the Clark County real estate market here: RMLS Market Action Report on our main website.

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


PS - The real estate market is changing, prices are softer with loan costs presently at very 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 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 Home 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.