Camas WA Home Sales - August 2018

Home Sales Post Strong Results for Camas WA in August 2018

Camas WA Home Sales continue to run counter to the overall Clark County unit-volume results.  Available Inventory has stopped increasing, and actually shrank modestly. Here are the August 2018 highlights:

• The Short-Term Average Price Trend is up with the 3-Month Moving Average at 12.38% from the year before; while the 12-Month Moving Average is up 6.93%
   
• The Inventory level had been increasing but now retreated to 2.6 months for Resale Homes.   
   
• Approximately 55 Resale Homes closed in August 2018, compared to 57 Sold in 2017; which is 2 (-3.5%) fewer than in 2017, and 8 fewer than last month;
   
• REO/Bank Owned property sales were 0 units (0% of total); down from 1 (1.8%) in 2017. 
   
• Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 1 (1.8%) in 2017.
  

The short-term Average Sales Price continued to move up, finishing the month at $549,019; which is about $60,489 more than the same measure in 2017. This average price is 39.33% higher than the Clark County average. 
The action in the Unit-Volume is shown in the chart I've prepared below:

Camas Resale Home Sales - Units Sold Trend August 2018

Another good month, unit-volume wise, has helped Camas home sales reverse the downward long-term trend that had started a couple of years ago for this small town.

We also have the Average Closed Sales Prices (chart below) continuing to break its old record set last year:

Camas Resale Home Sales - Average Sales Price Trend August 2018

Prices for closed sales this month are at the season-high level we expect for this month, supported by reasonably strong volume.

The remaining charts come from the RMLS Statistics package showing the important elements from the most recent twelve months in a mixed-graph-type format:

Camas Resale Home Sales Inventory & Days on Market - August 2018

The Inventory-by-Month graph shows both New Listings took a decent jump upwards while Pending Sales remained level. Closed Sales remained at a reasonably high late-summer level.

The second graph shows a rather large difference in average price between Closed Sales (lower) compared to New Listings (higher).  Thus, we expect potential softness in sales prices for the upcoming months.

The last graph shows the Average Days on Market moving upwards by a couple of weeks, while the Median Days on market only moved up a few days.

Thank you for viewing our report on home sales in Camas WA.  Please let us know how we can help you or help someone you know!

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PS - we love to help our customers sell their Camas Home. If you are thinking of Selling or, just want to know what your home is worth? We offer a no-cost, no-obligation Online Camas WA Real Estate Home Price Valuation, and invite you to try it out Today!

PPS - We also Love to help Camas Home Shoppers, and invite you to visit our page for Homes for sale in Camas WA , where 16 neighborhood searches are set up, such as: Homes for sale in Lacamas Shores, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA,   Property listings are from the entire RMLS.

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The Camas Real Estate charts in this report (prepared by Camas WA Real Estate Broker John Slocum, our resident statistician) are based on home sales recorded in the Camas  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 the Camas real estate market.

Disclaimer: as with any real estate statistics, we always do our best to provide the best representation at the time the data was acquired.  We deem the data and reports reliable but not guaranteed.