Clark County WA Real Estate - November 2017 Report

Reasonably Good Sales Results For Clark County WA's Real Estate Market in November 2017.

With one month remaining in the year real estate in Clark County finds us with sales-prices are at near record-highs and a very low-inventory of available homes. Here are some of the highlights for November's results: 

• Average-Sales Prices remain at record highs, with the 12-month/long-term trend line up 10.27% compared to November 2016,  and the 3-Month Moving Average  is up 10.56% from last year; 
   
• The Inventory for Resale Homes reduced farther to a very-low 1.2 Months Supply;
   
• Approximately 566 Resale Homes were sold in the month, which is about 46 fewer (-7.5%) homes than in 2016; and 49 fewer than last month.
   
• REO/Bank Owned property sales were 9 units (1.6% of total); down from 14 (2.3%) in 2016. 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.4% of total); down from 6 (1.0%) in 2016.

The month-end, 30-year-fixed home loan benchmark interest rate is 3.92% (up from 3.90% last month) according to Freddie Mac; compared to 3.77% for November 2016.

Next up we have our custom graphs/charts for Clark County WA that will help tell the rest of this real estate market's story. We employ a simple "smoothing" technique to better present the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 

Clark County Home Sales - Units Sold Trend November 2017

The declining short-term trend-line is closing in on the longer-term trend-line, and should pierce it next month. The long-term line is going sideways this month; perhaps hitting a resistance level? Year-to-date there are about 146 (-2.2%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are showing the typical softness/retreat we see this time of year; while the long-term trend is unchanged in its upward run. 

Clark County Home Sales - Average Sales Price Trend November 2017

The November short term Average sales price for Clark County is now up to $367,271. This is an increase of about $35,071 from the same month last year.

Clark County Home Sales Inventory
& Days on Market - November 2017

These final three graphs from RMLS show:

A noticeable drop in both Pending Sales and new Listings, while closed sales were at a strong level. 

In the second graph we now see the average list price exceeding the closed sale price; as the closed sales prices were a bit soft this month.

Finally, for the Days on the Market, the Average lost about a day, while the Median moved up a couple of days from the prior month.

More information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.

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PS - This is a great time to Market Your Home for 2018; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - 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 | Brush Prairie WA Homes | Camas WA Real Estate | Hockinson WA Homes | La Center WA Homes | Ridgefield WA Homes | Vancouver WA Homes | Washougal WA Real Estate | Yacolt WA Homes | Amboy WA Homes

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The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Realtor, 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.