Monday, November 8, 2010

Vancouver WA Real Estate Salmon Creek | Third Quarter 2010 Update

Salmon Creek Homes For Sale Vancouver WA | Home Sales Report for Third Quarter 2010

The homes for sale in Salmon Creek - a popular neighborhood located just north of its namesake river - Salmon Creek (in the northwest part of Vancouver Washington), have continued to see the fall in volume and home values that also occurred in the larger Vancouver and Camas real estate market. This Third-Quarter 2010 (year to date) report is being published to show the current level of home sales activity to see where the positive trends are. A quick recap of the previous 4+ years will help with our review:

Home sales peaked in 2006 with 365 units sold, slipping to 328 in 2007

The 2008 sales volume dropped significantly, then slightly increased in 2009
The Median Sold Price eroded from a high of $284,358 down to $214,500 in 2009.
The Median Cumulative Days on the market increased to a high of 112 days in 2008, and
fell to 98 days in 2010.

Salmon Creek Homes For Sale | Vancouver WA Real Estate Market Update Third Quarter 2010, by John Slocum, Real Estate Broker

With 157 houses sold for the first nine months, Salmon Creek home sales have slipped dramatically in the third quarter with the lapse of the Home Buyer Tax Credit incentive. The Median Sales price has also slipped by almost $2,000. 
In contrast, nearby homes in nearby Felida saw the median price increase by
about $22,000!

The table below shows the summary of the 157 homes that have sold so far in 2010 for Salmon Creek real estate:

Salmon Creek Homes For Sale | Vancouver WA Real Estate Market Update Third Quarter 2010, by John Slocum, Real Estate Broker with REMAX
The data used in this real estate report comes from the Vancouver MLS system and is subject to change without notice. If you have any questions on the data and opinions expressed herein please contact us.

Current Vancouver WA Real Estate Market Reports:

Previous Vancouver WA Real Estate Market Reports:




PS - "Nobody sells more homes than RE/MAX." Look to the Alexander ~ Slocum Team
when you start searching for Homes For Sale Vancouver WA!

If you are in the market to buy a house in a similar neighborhood, we'd also suggest you visit our pages for Vancouver WA Real Estate. Houses for sale in Vancouver are often much less than comparable homes in Portland, with the additional benefits of living in one of the best Tax Havens in the USA!

For Home Sellers you'll want to know What is my Vancouver WA Home Worth? and how to List My Vancouver WA Home.

Posted by Real Estate Vancouver WA at 4:57 PM

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