Homes for sale Clark County WA - December 2017

Big Drop in Closed Home Sales in Clark County WA for December 2017.

As we close out the year for Clark County real estate and home sales, the final month finds over 100 fewer units-sold for December. Here are some of the highlights for December's results: 

• Average-Sales Prices have seasonally retreated from recent record highs; the 12-month/long-term trend line is up 10.64% compared to December 2016,  and the 3-Month Moving Average  is up 11.09% from last year; 
   
• The Inventory for Resale Homes slipped again to the low 1.1 Months Supply;
   
• Approximately 505 Resale Homes were sold in the month, which is about 102 fewer (-16.8%) homes than in 2016; and 67 fewer than last month.
   
• REO/Bank Owned property sales were 4 units (0.8% of total); down from 13 (2.1%) in 2016. 
   
• Short Sale /Pre-Foreclosure property sales were 4 units (0.8% of total); down from 7 (1.6%) in 2016.

The month-end, 30-year-fixed home loan benchmark interest rate is 3.95% (up from 3.92% last month) according to Freddie Mac; compared to 4.20% for December 2016.

We will continue with our custom graphs/charts for Clark County WA. A simple "smoothing" technique is employed 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 December 2017

The seasonally-declining short-term trend-line crossed below the longer-term trend-line, and will stay below for a few more months. The long-term line is going sideways this month; which is likely the near-term plateau. For the total Year there were about 242 (-3.35%) fewer units-sold this year compared to last.

For the next chart: Average Sales prices (shown below) are showing a slight decline, which is common this time of year; with the long-term trend continuing its upward run. 

Clark County Home Sales - Average Sales Price Trend December 2017

The December short term Average sales price for Clark County is now up to $366,933. This is an increase of about $36,632 from a year ago.

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

These final three graphs from RMLS show:

With both Pending and New Listings dropping strongly for the past few months, it is no wonder we are seeing a drop in closed sales. 

The second graph is showing the average list price maintaining its high level despite the sales slowing this time of year.

Finally, for the Days on the Market, both the Average and Median moved up about 6 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 List and Sell Your Home with Our Team 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.