Monday, February 21, 2011

Real Estate Market Report for Clark County Washington January 2011

Home Sales Increase in Clark County and Vancouver for the New Year.Clark County and Vancouver WA real estate has started the new year with increased pending sales; while Bank Owned sales and Short Sales make up slightly less than half of the home sales volume.

We are using the Vancouver MLS (covers Clark County Washington also) to obtain a quick snap-shot view of what happened real estate wise within the confines of Clark County Washington (Vancouver USA is the largest community) for the month of November. Here is the condensed version we have
prepared from Vancouver MLS data:
Vancouver WA Real Estate Market Report, including Clark County WA for January 2011 by John Slocum of REMAX Vancouver WA
While the level of Active homes is showing an increase, the volume of Pending Sales
picked up nicely!

Vancouver WA Real Estate Market Trends for January 2011, John Slocum Realtor Broker Agent with REMAX Vancouver WA

From this quick view we have just 10.9 months inventory, which is has been a typical seasonal bulge in the supply of Vancouver WA homes for sale .  When active listings that are advertised as to-be-built new homes are excluded from the tally, the number goes down further (a good thing)!

For January the Average Sold price is $219,147 which is down 3.59% from the prior month; while the Median Sales Price move down from $200,000 to $198,000. Both of these pricing indicators are typical for the soft sales at this time of the year for the Vancouver real estate market.

The important elements we are looking for the Clark County market turnaround are not just an increase in the number of transactions and firming-prices but, an increase in the "Normal Sale" (i.e., non-Pre-Foreclosure / Foreclosure) Category. In our opinion with about 45% of the Pending status homes being 3rd party or Foreclosure transactions (a decrease from last month), we may actually be seeing a positive trend -- with short-sale lenders improving their Approval Rates for short sale offers! Prices have been relatively flat, with some up and down, which is a typical
and welcome sign of base-building.

If you are looking to sell your home in Vancouver WA, and Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.

Current Vancouver WA Real Estate Market Reports:
Previous Vancouver WA Real Estate Market Reports:
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Homes for sale in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!

Visit our website to learn more about Vancouver Washington, Camas real estate or Battle Ground real estate.



PS - Nobody sells more real estate than RE/MAX. Look to John Slocum and Kathryn Alexander for Vancouver WA Homes For Sale
Vancouver WA Homes for sale: Visit ClarkCountyExpert.com to explore real estate in Vancouver Washington!
Posted by Real Estate Vancouver WA at 2:07 PM

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