Friday, January 14, 2022

Clark County WA Real Estate Sales - November 2021 Report

A "Pause" in the Rising Real Estate Price; with Unit Sales Strong but perhaps a "Leveling" for Clark County WA in November 2021.

This month we are in the third month of prices below, although only slightly, from the all-time High. The number of Units-Sold per-month has peaked for the year, although about 15% more have closed so far this year. Here are the highlights for this month:  

  • Average-Sales Price moved up by less than $1k+ finishing up at $546,659; with the 12-month/long-term trend line up 18.75% year-over-year;  and the 3-Month Moving Average up 16.77% from this time last year; 
     
  • The Inventory for Resale Property is now well below one-month's worth, at the record-low 0.3 Month's worth of Supply;
     
  • Approximately 534 Resale Properties were sold/closed, which is about 73 more (15.84%) properties than in 2020; and 127 fewer than last month;
     
  • REO/Bank Owned property sales were 3 units (0.39% of total); no change from 3 (0.449%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, remained the same ending at a monthly average of 3.07% ; compared to 2.77% for November 2020. Even though the rates have risen off their Low, they are still in historically very low levels.

My Custom Chart (below) has been prepared to show Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends: 

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

The short-term trend is now in its seasonal decline, when compared to last year when it was peaking at this month. The long-term trend-line is continuing its plateau phase. So far this year the County is ahead of last years total home sales by over 992 properties (+15.49%).

Next up we have a chart showing the Average Real Estate Sales Price, the short-term measure taking a "pause"; with the long-term trend continuing up to a new high: 

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

We've had a relatively strong showing this year for rising prices, and we are finally seeing "resistance" of some form or fashion in this measurement. With such a low level of Supply, and continued low interest rates we currently don't expect prices to be too "soft" in the near term.
 
Clark County's Average Residential Property Sales Price (using the most recent 3 months) is now $546,659; which is approximately $78,207 (+16.69%) higher than this time last year.

These remaining charts for this real estate sales report come from RMLS and show:

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


New Listings, Pending Sales and Closed Sales all eased this month; with Pending sales coming in higher than New Listings. This helped cause Active Inventory to slide and is at 0.3 month's of supply. 

The second graph shows the Average Price for Closed Sales at a new high; and the Average Listing Price coming in strong but still below its recent high.

Finally, the Average Days on Market increased remained at 20 days; and Median Days on Market remained at 7 days. This is showing we still have a brisk market for this typically slower time of year.  

Thank you for viewing our Real Estate Market Report for 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 real estate 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 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.

Tuesday, September 21, 2021

Clark County WA Real Estate For Sale - August 2021 Report

A Slight Slowing Seen in the Real Estate Price Rise; with Unit Sales remaining Strong for Clark County WA in August 2021.

This month we finally see slowing in the rising prices for the County - although the resultant level is still 20%+ higher than last year. We've also seen the typical slowing in the number of units-sold but again, the number is 100 units higher than the same month last year. Here are the highlights for this month:  

  • Average-Sales Price moved up by about $7k+ finishing up at $550,668; with the 12-month/long-term trend line up 19.009% year-over-year;  and the 3-Month Moving Average up 20.6% from this time last year; 
     
  • The Inventory for Resale Property is still below one-month's worth, at the super-low 0.7 Month's worth of Supply;
     
  • Approximately 768 Resale Properties were sold/closed, which is about 100 more (14.75%) properties than in 2020; and 71 fewer than last month;
     
  • REO/Bank Owned property sales were 3 units (0.39% of total); no change from 3 (0.449%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, moved down slightly ending at a monthly average of 2.84% ; compared to 2.94% for August 2020. The Federal Reserve is still in the mode of keeping this benchmark rate low, and pumping funds into the markets.

Custom Charts (below)I have prepared show Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends: 

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

The short-term trend is now rising less steeply and may be near this year's high. The long-term trend-line is showing a slowing phase also. So far this year the County is ahead of last years total home sales by over 1,051 properties (+25%).

Next up are my charts showing the Average Real Estate Sales Price, the short-term measure hitting another record; with the long-term trend also at a new high: 

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

With such a large increase in properties purchased so far this year, it is perhaps little wonder that the available Active Inventory at any one time is very slim. Once again we have finished the month with less than one month's worth of available supply.
 
Clark County's Average Residential Property Sales Price (using the most recent 3 months) is now $550,668; which is approximately $94,062 (+20.60%) higher than this time last year.

These remaining charts for this real estate sales report come from RMLS and show:

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


Both New Listings and Closed Sales eased this month; with Pending sales gaining slightly. Active Inventory at 0.7 month's of supply remains stubbornly below one-month's worth of supply. 

The second graph shows the Average Price for Closed Sales a few hundred dollars below its high; and the Average Listing Price coming in a few thousand dollars below its recent high.

Finally, the Average Days on Market increased by just 2 days; and Median Days on Market remained at 5 days. This is the 7th month in a row that the Median has been at 5 or fewer days.  

Thank you for viewing our Real Estate Market Report for 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 real estate 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 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, August 18, 2021

Clark County WA Homes For Sale - July 2021 Report

Unit Home Sales Remain Strong; With Sales Prices Up Almost 24% for Clark County WA in July 2021.

Sales Prices that have Risen Extremely Rapidly to High Levels, are the biggest part of the story these days. At present prices are almost $105k higher than a year ago!  Unit Sales have remained strong, although in other parts of the country sales may be slowing. So far almost 27% more homes have sold year-to-date. New Listings came in stronger this month too however, we are still below One-Month's worth of Supply. Here are this month's key points:  

  • Average-Sales Price rose by just under $13k finishing up at $543,945; with the 12-month/long-term trend line up 19.78% year-over-year;  and the 3-Month Moving Average up 23.87% from last year; 
     
  • The Inventory for Resale Homes finished the month at 0.7 Month's worth of Supply;
     
  • Approximately 828 Resale Properties were sold/closed, which is about 59 more (7.7%) homes than in 2020; and 2 less than last month;
     
  • REO/Bank Owned property sales were 0 units (0% of total); down from 5 (0.65%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 3 (0.39%) last year.

The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end, fell again slightly to 2.87% according to Freddie Mac; compared to 3.02% for July 2020. We are hearing that the Fed's "Tapering" has been put off again, perhaps into next year, which should mean this benchmark rate will likely remain below 3.0% for a while longer.

Next we have 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 July 2021- Units Sold Clark County Home Sales - Units Sold Trend July 2021

We are still in the "blow up" phase of this bubble, as visible by the steep and high rise of the trend(s).  With the County's population just recently crossing over the 500k mark, it is perhaps no wonder that the unit-sales are in their highest-ever territory. Year-to-date we are now ahead of last years total home sales by 940 homes (or, 26.9%).

This next chart shows the trend for the Average Home Sales Prices. Both the short-term line and the long-term trend are in their steepest ever (at least for this multi-year cycle) upward move: 

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

We still see the rate of increase for home sales prices exceeding 20% annually. Inflation is also widely reported in other parts of the Economy thus, overall "Affordability" has been taking an ever increasing Hit. 
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $543,945; which is approximately $104,825 (+23.87%) higher than this time last year.

These remaining charts for this home sales report come from RMLS showing:

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


For the first graph, we see New Listings moving up to another new-High for the year. Pending Sales however, have eased for the second month in a row - although still at a relatively high-level. Closed Sales again hit another high - but only by 3 units this time!

The second graph shows Prices for Closed Sales notching another new-high; and Average Listing Price coming in slightly below its highest mark.

Finally, the Average Days on Market and Median Days on the Market rose remained unchanged at extremely low level. The Median has been at 5 or lower Days for 6 months in a row now!

Thank you for reviewing our Home Sales Market Report for July 2021 for Clark County Washington. Please let us 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 rising quickly, 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.

Wednesday, July 14, 2021

Clark County WA Real Estate - June 2021 Report

Rocketing Real Estate Prices and Unit Sales for Clark County WA in June 2021.

Prices have risen so fast and so far that their level is over $100,000 higher than this time last year! Unit Sales now exceed last year's mark by 31%. Needless to say, Active Inventory still remains super-low while this over-heated, bubbling market moves on. Here are the highlights for this month:  

  • Average-Sales Price moved up by about $14k+ finishing up at $531,148; with the 12-month/long-term trend line up 18.44% year-over-year;  and the 3-Month Moving Average up 24.19% from this time last year; 
     
  • The Inventory for Resale Property remained at the super-low 0.6 Month's worth of Supply;
     
  • Approximately 942 Resale Properties were sold/closed, which is about 220 more (30.5%) properties than in 2020; and 94 more than last month;
     
  • REO/Bank Owned property sales were 0 unit (0% of total); down from 3 (0.42%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from  (0.28%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, remained almost unchanged ending at a monthly average of 2.98% ; compared to 3.16% for June 2020. We are hearing the Federal Reserve is still in the mode of keeping this benchmark rate low.

I have prepared a custom chart showing Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends: 

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

We see the short-term trend rising quite steeply and is very near last year's high. The long-term trend-line continues to rise at its steepest rate in decades. So far this year the County is ahead of last years total home sales by over 855 properties (+31%).

Continuing on to the Average Real Estate Sales Price, the short-term measure is still rising steeply and in record territory; with the long-term trend also powering to a new high: 

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

The persistent extremely low level of Active Inventory has extended the imbalance between Buyers and available properties to purchase, with the strong rapid rise in prices to be inevitable.
 
Clark County's Average Residential Property Sales Price (using the most recent 3 months) is now $531,148; which is approximately $103,447 (+24.19%) higher than this time last year.

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

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


Both New Listings and Closed Sales had strong gains; with Pending sales gaining a small amount. Active Inventory at 0.6 month's of supply remains near the record-low, a clear sign of an un-balanced market. 

The second graph shows both the Average Price for Closed Sales and Average Listing Price coming in at new high-marks.

Finally, both the Average Days on Market and Median Days on Market are at their low for the past 12 months.  

Thank you for visiting our Real Estate Market 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 NEAR-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, June 16, 2021

Homes For Sale Clark County WA - May 2021 Report

Unit Home Sales Are Many Magnitudes Higher; With Sales Prices Exceeding a 22% Increase for Clark County WA in May 2021.

Unit Sales in early 2020 were hampered by the Government's orders yet, this year we have sold almost 30% more homes year-to-date. Strong demand and a relative shortage of homes for sale is keeping prices rising at a very fast pace. Finally,  Interest rates once again fell below the already low 3.0% mark. Here are this month's key points:  

  • Average-Sales Price rose by about $13k finishing up at $518,656; with the 12-month/long-term trend line up 17.12% year-over-year;  and the 3-Month Moving Average up 22.94% from last year; 
     
  • The Inventory for Resale Homes finished the month at 0.5 Month's worth of Supply;
     
  • Approximately 675 Resale Properties were sold/closed, which is about 211 more (45.5%) homes than in 2020; and 30 more than last month;
     
  • REO/Bank Owned property sales were 0 units (0% of total); down from 6 (1.29%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 (0.43%) last year.

The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end, fell again slightly to 2.96% according to Freddie Mac; compared to 3.23% for May 2020. With no end yet to the Federal Reserve purchasing Mortgage-Backed Securities (MBS); combined with lessening demand in some parts of the country, we are seeing the benchmark rate falling again.

Below 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 May 2021- Units Sold Clark County Home Sales - Units Sold Trend May 2021

This chart is clearly showing we are in a historic "blow-up" market, when the short-term trend would typically be crossing and be above the long-tern trend; however, this year the long-term trend has been rising so quickly the short-term trend has not yet "caught" it!!! Clearly both trends we are now selling more homes than at any previous time in history. Overall the County is now ahead of last years total home sales by 634 homes (or, 29.92%).

My next chart shows the Average Home Sales Prices. Both the short-term line and the long-term trend are in their steepest ever (at least for this multi-year cycle) upward move: 

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

With home sales prices rising at a rate exceeding 20% annually; and Wages increasing in the low-single-digit range; many of us are waiting for the "air" to be let out of this bubble.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $518,656; which is approximately $96,763 (+22.94%) higher than this time last year.

My remaining charts for this home sales report come from RMLS showing:

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


In the first graph, it shows New Listings easing from last month with a big However, the mark for both months are about as high as seen last year. Pending Sales shot up this month, to the highest level in the past 12 months (and perhaps the highest level ever). Closed Sales continue to rise as expected for this time of year.

The second graph shows Prices for Closed Sales moving strongly to another new-high; and Average Listing Price essentially tying its highest mark.

Finally, the Average Days on Market moved up by 3 days to 17 day. Median Days on the Market rose remained (fourth month in a row) at the 12-month low of four days. Clearly we are in an extremely fast-paced market.

Thank you for visiting our Home Sales Report in 2021 for Clark County Washington. Please let us 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 rising quickly, 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, May 25, 2021

Real Estate for sale Clark County WA - April 2021

Real Estate Market On-Fire describes Clark County WA in April 2021.

Unit Sales are coming in at a record high-level at an extremely brisk pace; with Prices continuing to Rise at an extreme rate. New Listings have risen but not enough to move Active Inventory out of its low territory. Here are the highlights for this month:  

  • Average-Sales Price moved up by about $10k finishing up at $506,106 - the first time to finish over the $500k mark!; with the 12-month/long-term trend line up 15.45% year-over-year;  and the 3-Month Moving Average up 20.57% from this time last year; 
     
  • The Inventory for Resale Property moved up slightly to 0.6 Month's worth of Supply;
     
  • Approximately 642 Resale Properties were sold/closed, which is about 207 more (47.6%) properties than in 2020; and 87 more than last month;
     
  • REO/Bank Owned property sales were 1 unit (0.16% of total); down from 5 (1.15%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, dropped slightly to a monthly average of 3.06% ; compared to 3.31% for April 2020. The current trend is seeing this rate staying near 3% 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 April 2021- Units Sold Clark County Real Estate - Units Sold Trend April 2021

The short-term trend has set a new record for the highest "seasonal low" we've ever posted. The long-term trend-line is blasting well into new high territory for this measure. So far this year the County is well ahead of last years total home sales by over 419 properties (+25%).

This month the Average Real Estate Sales Price continues its rapid rise into ever new record territory; mirrored by the long-term the trend which also hit an all-time high: 

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

Mortgage Loan Interest Rates have seemed to pause in their recent upwards movement. However, we are hearing that Inflation is happening on a broader scale in the Economy which we expect will cause mortgage rates to move higher.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $506,106; which is approximately $86,348 (+20.57%) 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 April 2021 Clark County Real Estate Sales Inventory
& Days on Market - April 2021


Both New Listings and Closed Sales moved higher; with Pending sales moving up only slightly - when this mark had been closely tracking the New Listing measure (are we seeing some slowing???). Active Inventory at 0.6 month's of supply is extremely low, and making for an unhealthy market. 

The second graph shows the Average Price for Closed Sales hit another New high level for the year. The Average Listing Price came in at its second highest mark.

Finally, the market pace has become quicker, and is the fastest-pace for the year.  

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 NEAR-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.

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.