Tuesday, April 20, 2021

Clark County WA Homes For Sale - March 2021

Unit Home Sales Continue to Surge; With Sales Prices Powering to a New High for Clark County WA in March 2021.

New Listings and Pending Sales have jumped up in Lock-Step (i.e. they are being snapped up quickly) with Active Inventory remaining in an extremely low level. Interest rates for home financing are still low but in the low 3% range. Here are this month's key points:  

  • Average-Sales Price rose by about $11k finishing up at $496,695; with the 12-month/long-term trend line up 14.3% year-over-year;  and the 3-Month Moving Average up 19.02% from last year; 
     
  • The Inventory for Resale Homes finished the month at 0.4 Month's worth of Supply;
     
  • Approximately 548 Resale Properties were sold/closed, which is about 89 more (19.4%) homes than in 2020; and 104 more than last month;
     
  • REO/Bank Owned property sales were 3 units (0.55% of total); down from 4 (0.87%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 3 (0.65%) last year.

The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end, rose slightly to 3.08% according to Freddie Mac; compared to 3.45% for March 2020. Although the rate has been rising modestly the past month, there are current signs of the rates falling again.

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

Clark County Home Sales March 2021- Units Sold Clark County Home Sales - Units Sold Trend March 2021

Given the month of the year the near-term trend is at the bottom or very near so, and clearly at a much higher level than it was at this time last year. The Long-term trend is still rising and breaking into new-high territory. Overall the County is now ahead of last years total home sales by 204 homes (or, 16.7%).

My next chart shows the Average Home Sales Prices. The short-term line finished its Pause and has powered up to a new High. The long-term trend is also at a new High as it continues its upward move: 

Clark County Home Sales March 2021- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend March 2021

With the steepness and duration of the recent run-up in prices, it is becoming harder and harder to imagine this can continue much longer; as we know wages have not been rising at the same pace - and wages are what pays for a home.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $496,695; which is approximately $79,369 (+19.02%) higher than this time last year.

These final charts for our home sales report come from RMLS showing:

Charts of Vancouver WA Home Sales Trends in March 2021 Clark County Home Sales Inventory
& Days on Market - March 2021


With the rapid pace of Sales, the rise in Pending Sales is very closely matching the rise in New Listings! Closed Sales have also posted a strong, higher mark this month. Inventory at 0.4 month's of supply is making it tough for Home Buyers, to be sure. 

The second graph shows Prices for Closed Sales at another new-high; and Average Listing Price at its third-highest mark.

Finally, the Average Days on Market fell by 2 days to 23 days - which is the lowest mark in the past 12 months. Median Days on the Market rose remained at the 12-month low of four days. Both of these are at an extremely low level (hyper-fast market) for this or any other time of year.

Thank you for viewing my Home Sales Report in 2021 for 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 NEAR-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 Realtor, 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.

Tuesday, March 16, 2021

Clark County WA Real Estate - February 2021 Report

Robust Real Estate Property-Sales Continue while Sales Prices Resume their Upward Move for Clark County WA in February 2021.

Property sales have been quite brisk for this late-winter month; with sales prices - after a few months of side-ways movement - are rising once again, as the level of active Inventory remains super low! Here are the highlights for this month:  

  • Average-Sales Price moved up by about $14k finishing up at $484,988; with the 12-month/long-term trend line up 13.72% year-over-year;  and the 3-Month Moving Average up 17.59% from this time last year; 
     
  • The Inventory for Resale Property moved up slightly to 0.4 Month's worth of Supply;
     
  • Approximately 434 Resale Properties were sold/closed, which is about 43 more (11%) properties than in 2020; and 3 more than last month;
     
  • REO/Bank Owned property sales were 2 units (0.46% of total); down from 4 (1.02%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 (0.51%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, rose again slightly to a monthly average of 2.81% ; compared to 3.47% for February 2020. The current trend is seeing this rate in a rising pattern now for the near term.

Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends are shown in my custom chart: 

Clark County Home Sales February 2021- Units Sold Clark County Real Estate - Units Sold Trend February 2021

With unseasonably strong buyer-demand we see the short-term line is at a much higher level than a year ago, although near-term it is declining. Long-term the trend-line continues near its all-time high. So far this year the County is well ahead of last years total home sales by over 100 properties.

This month the Average Real Estate Sales Price broke out of its holding pattern and moved up to a new all-time high. The long-term the trend is still very positive and also hit an all-time high: 

Clark County Home Sales February 2021- Average Sales Price Trends Clark County Real Estate Sales - Average Sales Price Trend February 2021

Mortgage Loan Interest Rates have been edging upwards, although for this month the average remained below 3.0% (as of this writing we are now sneaking above 3.0%). With Inflation becoming more of a concern, the rates for Mortgages and Bonds will see a higher-trending rate.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $484,988; which is approximately $72,544 (+17.59%) higher than this time last year.

The final charts for this real estate sales report come from RMLS and show:

Charts of Vancouver WA Home Sales Trends in February 2021 Clark County Real Estate Sales Inventory
& Days on Market - February 2021


Both New Listings and Pending Sales drifted lower; likely because this month is shorter than the others. Closed Sales still came in a few units higher than last month. Active Inventory at 0.4 month's of supply is super-low, which of course is challenging for home buyers to find the property they want before a competing buyer snaps it up. 

The second graph shows the Average Price for Closed Sales at its New highest level for the year. The Average Listing Price came in higher than the closed-sales price, and at its second highest mark.

Finally, the market pace became the fastest for the year; with the Average Days on Market matching one previous month; while the Median Days on the Market fell to the lowest at 4 days - and this is supposed to be a slow-to-medium-paced month! 

Thank you for viewing my Real Estate Sales Report for 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 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 Clark County WA Real Estate Sales Realtor, 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, February 17, 2021

Homes For Sale in Clark County WA - January 2021 Report

Last Year's Surge Continues with Unit Home-Sales Very Strong; While Sales Prices Remain High for Clark County WA in January 2021.

New Listings Perked up Strongly although Active Inventory continues to Shrink. Super-low Interest rates for home financing; combined with strong buyer demand is keeping our market hopping! Here are this month's key points:  

  • Average-Sales Price rose slightly by about $2.5k finishing up at $470,781; with the 12-month/long-term trend line up 13.17% year-over-year;  and the 3-Month Moving Average up 15.04% from last year; 
     
  • The Inventory for Resale Homes was cut in half ending at 0.3 Month's worth of Supply;
     
  • Approximately 424 Resale Properties were sold/closed, which is about 54 more (14.59%) homes than in 2020; although 200 fewer than last month;
     
  • REO/Bank Owned property sales were 0 units (0% of total); down from 7 (1.89%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 (0.54%) last year.

The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end, rose slightly to 2.74% according to Freddie Mac; compared to 3.62% for January 2020. The Federal Reserve and Bond Market are keeping pressure on these rates to remain in this very low range in the near term.

Next up is a custom chart I have created showing Home-Sales Unit-Volume (number of homes sold) with short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales January 2021- Units Sold Clark County Home Sales - Units Sold Trend January 2021

Although the near-term trend is declining, it is piercing a much higher long-term (and still rising) trend-line. Long-term the trend is expected to rise into record-high territory for at least the near term. Overall the County is now ahead of last years total home sales by 54 homes (or, 14.59%).

The next custom chart shows the Average Home Sales Prices, where the short-term line is in a "holding-pattern;" with the long-term trend continuing its move in a positive direction: 

Clark County Home Sales January 2021- Average Sales Price Trends Clark County Home Sales - Average Sales Price Trend January 2021

The current strong rise in prices is the "steepest" stretch we've seen since the overall home sales market turned the corner in January 2012. With Active Inventory for resale homes it such an incredibly low level, it seems we should expect prices to continue rising strongly at least in the near term.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $470,781; which is approximately $61,552 (+15.04%) higher than this time last year.

These final charts for our home sales report come from RMLS showing:

Charts of Vancouver WA Home Sales Trends in January 2021 Clark County Home Sales Inventory
& Days on Market - January 2021


New Listings and Pending Sales both moved up reasonably strongly. Closed Sales likewise are up relative to previous seasons tallies for this time of the year. Inventory at 0.3 month's of supply is clear we this is an extremely strong Seller's Market! 

The second graph shows Prices for Closed Sales at a clear all-time high; and Average Listing Price sky-rocketing to an all-time high.

Finally, the Average Days on Market rose by about only 4 days; while the Median Days on the Market rose only two day's worth. Both of these are in a very low level (fast market) for this time of year.

Thank you for visiting our first Home Sales Report in 2021 for 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 Realtor, 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.

Tuesday, January 12, 2021

Real Estate for sale Clark County WA - December 2020

Unseasonably-Strong Real Estate Property-Sales While Sales Prices End the Year-2020 at Near Record for Clark County WA in December 2020.

The Pace of Property sales was one of the fastest this past 12 months; while the extremely low level of active Inventory contracted again! Here are the highlights for this month:  

  • Average-Sales Price eased by about $8k finishing up at $468,757; with the 12-month/long-term trend line up 12.27% year-over-year;  and the 3-Month Moving Average up 14.34% from this time last year; 
     
  • The Inventory for Resale Property fell again and finished at 0.5 Month's worth of Supply;
     
  • Approximately 600 Resale Properties were sold/closed, which is about 145 more (31.9%) properties than in 2019; although 66 fewer than last month;
     
  • REO/Bank Owned property sales were 4 units (0.67% of total); up from 2 (0.44%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 1 units (0.17% of total); down from 2 (0.44%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, fell again to a monthly average of 2.68% (another All-Time Low!); compared to 3.72% for December 2019. The Annual 2020 Average came in at 3.11% - compared to 2019's number of 3.94%!

For the Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends I've prepared this chart: 

Clark County Home Sales December 2020- Units Sold Clark County Real Estate - Units Sold Trend December 2020

With continued strong late-season property sales the short-term line is at a much higher level, though declining, than we typically see at the end of the year. Long-term the trend-line continues moving up nearing its all-time high. Finishing the year the County is now ahead of last years total home sales by 271 homes (or, 4.03%).

This month the Average Real Estate Sales Price tread-water (less than $300 difference from last month) in the near-term; while long-term the trend is still very positive: 

Clark County Home Sales December 2020- Average Sales Price Trends Clark County Real Estate Sales - Average Sales Price Trend December 2020

This year real estate prices have risen farther than they have at any time since the market "bottom" at January 2012." In fact, even with the super-low financing rates the Impact to Affordability will be very hard to ignore in the present and coming months to come.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $468,757; which is approximately $58,799 (+14.34%) higher than this time last year.

My final charts for our real estate sales report come from RMLS and show:

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


New Listings dropped to post its lowest mark for the past 12 months. Pending Sales also came in lower to its second-lowest mark for the year. Closed Sales eased but stayed at a relatively high level. Active Inventory at 0.5 month's of supply is extremely low, making it tough on home shoppers that once had an easier time at the end of the year. 

The second graph shows the Average Price for Closed Sales at its second-highest level for the year; and Average Listing Price came in lower than the closed-sales price.

Finally, the market pace was about the fastest for the year; with the Average Days on Market falling by 6 days; while the Median Days on the Market fell one day. This rapid-paced market is unprecedented in my experience.

Thank you for visiting our Real Estate Sales Report for 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 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 Realtor, 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.

Friday, December 11, 2020

Home Sales Report Clark County WA - November 2020

Super-Strong Monthly Home-Sales Continue While Sales Prices Ease Slightly for Clark County WA in November 2020.

With an insanely low level of active Inventory for resale homes, combined with unusually strong demand late in the season keeps prices high with choices few for home buyers. Here are this month's key points:  

  • Average-Sales Price eased by about $8k finishing up at $468,703; with the 12-month/long-term trend line up 11.67% year-over-year;  and the 3-Month Moving Average up 15.99% from this time last year; 
     
  • The Inventory for Resale Homes is still tanking and finished at 0.6 Month's worth of Supply;
     
  • Approximately 653 Resale Properties were sold/closed, which is about 109 more (20.04%) homes than in 2019; although 141 fewer than last month;
     
  • REO/Bank Owned property sales were 1 units (0.15% of total); down from 5 (0.92%) in 2019; 
     
  • Short Sale /Pre-Foreclosure property sales were 1 units (0.15% of total); no change from 1 (0.18%) last year.

Again the nation's Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, remained below 3% settling at a monthly average of 2.77% (another All-Time Low!) according to Freddie Mac; compared to 3.70% for November 2019. With inflation starting to creep in, it is likely we'll see rates starting to go up - although when that happens is anyone's guess.

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

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

With incredibly strong late-season home sales this year the short-term line is both at an all-time high, and only slowly "rolling over" to the expected upcoming winter decline in activity. The long-term line continues to move upwards although it is below its peak seen a few years ago. Overall the County is now ahead of last years total home sales by 108 homes (or, 1.72%).

This month the Average Home Sales Prices took a slight pause (declining about $8k) in the near-term; while the long-term trend is still in a positive direction: 

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

We are clearly in an uncommon situation with continued stronger-than-usual sales month-over-month. It is reasonable to expect that Prices will continue to have strong support will remain for many more months to come; absent another negative-disruption in the underlying Economy.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $468,703; which is approximately $64,603 (+15.99%) higher than this time last year.

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

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


New Listings and Pending Sales are both trending lower, although still remain at a higher overall level than seen in previous years. Closed Sales likewise are "slowing" but are at a much higher level relative to previous seasons. With Inventory at 0.6 month's of supply we are in an extremely strong Seller's Market! 

The second graph shows Prices for Closed Sales and Average Listing Price remaining in very high territory.

Finally, the Average Days on Market rose by about a week; while the Median Days on the Market rose only about one day's worth. Clearly we're still in a very fast-paced housing market.

Thank you for visiting our Home Sales Report for 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 Realtor, 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, 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.