Home Sales Pop for Clark County WA in August 2019.
This month we see the strongest posting for the Units-Sold measure in the past 2 years. Inventory is still low, although prices did not move any higher at this tem. Here are the highlights for this month:
- Average-Sales Price eased just a few dollars to $408,947, with the 12-month/long-term
trend line up 4.05% year-over-year; with the 3-Month Moving Average up
2.32% from this time last year;
- The Inventory for Resale Real Estate remained unchanged at a low 2.2 Months
of Supply;
- Approximately 711 Resale Properties closed in the month, which is about 15
more (2.2%) homes than in 2018; and 26 more than last month;
- REO/Bank Owned property sales were 5 units (0.7% of total); down from 7 (1.0%) in 2018;
- Short Sale /Pre-Foreclosure property sales were 6 units (0.9% of total); down from 9 (1.3%) in 2018.
Home Mortgage interest rates the month-end, 30-year-fixed loan interest rate
(nationwide average) fell again to 3.62% (Down
from 3.77% last month) according to Freddie Mac; compared to 4.55% for August 2018.
The current rate level is now very close to the 3.35% all-time low!
The custom chart for Unit-Volume (number of properties sold) next
up illustrate the short term (in
Red) and
long term (12-month moving average in
Blue) trends:
Clark County Home Sales - Units Sold Trend August 2019Strong results this summer has caused the Short-term trend line to move up
higher than last year; and strong enough so that the Long Term
line is clearly showing an upward turn.
The Average Home Sales Price trend-chart,
up next,
shows results in both short-term and long-term:
Clark County
Home Sales - Average Sales Price Trend
August 2019If the past is any indication, at this point in the year we are at the high
point; which is still showing an increase over last year but the rate of
increased has slowed substantially compared to earlier in this long-term market
upswing. Mortgage loan interest rates declining combined with low Inventory,
will keep pressure on sales prices.
The
Average (using 3 months) sales price for Clark County is now $408,947;
which is an increase of
approximately $9,279 from
this time last year.
The final charts come from RMLS and show:
Clark County
Home Sales Inventory
& Days on Market - August 2019
New Listings declined from last month, with Pending Sales dipping
slightly and Closed Sales
both moving up slightly; with the level of
Inventory remaining unchanged.
The second graph shows both Average List and Sales Prices chugging along about
the same as the past couple of months.
Finally, both the Average Days on Market and Median Days on the Market
moved up moderately.
We've also made
available the
recent RMLS published report on
the Clark County real estate scene, and you can find it here:
RMLS Market Action Report on our
main website.
Thank you for visiting our Home Sales report for Clark
County WA; and please let us know if
you have any questions or need help with your home or condo!
PS - The home sales market is changing, prices are
softer with loan costs presently decreasing, keeping this an excellent time to List and Sell Your
Home with Our
Team; or, at least find
out what your property is worth! We offer a no-cost, no-obligation
Clark County WA Home Valuation, and invite you to try it out!
PPS -
Looking to buy a house reasonably soon? Interest rates have been falling
and are still at historically
low rates. 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 For Sale |
Brush Prairie WA Homes For Sale |
Camas WA Homes for Sale |
Hockinson WA Homes For Sale |
La Center WA Homes for sale |
Ridgefield WA Homes for sale |
Real Estate for sale in Vancouver Washington |
Washougal WA Real
Estate |
Yacolt WA Homes For Sale |
Amboy WA Homes For Sale
The information and charts in this Clark County WA real estate update (prepared by
Vancouver WA Home Sales Broker, 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.
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