Home Sales Report Clark County WA - February 2020

Unit-Home Sales Edging Lower while Price Level Rose for Clark County WA in February 2020.

Starting the new the year we have fewer Active Listings with Less than One (1) Month of Available Inventory; which has resulted in slightly lower unit sales this month; with Prices remaining near their all-time high.  Here are the key elements for this month's report: 

• Average-Sales Price returned to an uptick to $413,295 which is now the new all-time high, with the 12-month/long-term trend line up 3.11% year-over-year;  with the 3-Month Moving Average up 7.52% from this time last year; 
   
• The Inventory for Resale Real Estate saw no change at the very low 0.8 Months level of Supply;
   
• Approximately 375 Resale Properties closed in the month, which is about 13 fewer (-3.35%) homes than in 2019; and 9 more than last month;
   
• REO/Bank Owned property sales were 4 units (1.1% of total); up from 2 (0.5%) in 2019; 
   
• Short Sale /Pre-Foreclosure property sales were 2 unit (0.53% of total); no change from 2 (0.52%) in 2019.

The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) resumed its fall to 3.47% (Down from 3.62% last month) according to Freddie Mac; compared to 4.37% for February 2019. The current rate level is now seeing support, as a large number of Refinance applications are being processed.

The following custom chart for Unit-Volume (number of properties sold) shows short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales - Units Sold Trend February 2020

The Short Term trend is nearing its bottom-out point for the year, and appears to be going slightly lower than the low-point for last year. The long-term trend is still generally horizontal.   

The Trends for the Average Home Sales Price are shown in the next chart, displaying the current and historical Home-Sales-Price results in both short-term and long-term: 

Clark County Home Sales - Average Sales Price Trend February 2020

The extremely low a level of Active Inventory has kept Prices at their highest-ever level. With the nation's current response to the current pandemic we expect prices to soften, and perhaps substantially.

The Average Sales Price (using 3 months) for Clark County is now $413,295; which is an increase of approximately $26,302 from this time last year.

The final collection of graphs for this report come from RMLS and show:

Clark County Home Sales Inventory
& Days on Market - February 2020

Both New Listings and Pending Sales have made a lock-step although modest upswing; with Closed Sales moving up slightly from last month. 

The second graph shows both the Closed Sales and Average Sales pricing coming in strong.

Finally, Average Days on Market fell quite a bit; and Median Days on the Market fell even more percentage-wise.
I have also posted the recent RMLS published report on the Clark County home sales

Thank you for visiting our Home Sales report for Clark County WA. Please let us know if you have any questions or need help with your home or condo!

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PS - The Home sales market is changing, prices are softer with loan costs presently at very low levels, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Home Price Valuation, and invite you to try it out!

PPS - Looking to buy a property reasonably soon?  Interest rates 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

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