Closed Unit-Home Sales Still Lagging Year-to-Date With Prices More-Strongly Rising for Clark County WA in June 2020.
Closed sales did pick up this month but lower than last year's posting; and year-to-date numbers are off 13%. Prices increased more rapidly this month, with the super-low Inventory and record-low interest rates. Here are the key points for this month's report:
- Average-Sales Price moved up to $427,280 -
another all-time high, with the 12-month/long-term
trend line up 5.06% year-over-year; and the 3-Month Moving Average up
7.01% from this time last year;
- The Inventory for Resale Real Estate remained at a super low 1.1 Month
level of Supply;
- Approximately 573 Resale Properties were sold/closed, which is about 87
fewer (-13.18%) homes than in 2019; and 112 more than last month;
- REO/Bank Owned property sales were 3 units (0.52% of total); no change from
3 (0.45%) in 2019;
- Short Sale /Pre-Foreclosure property sales were 2 unit (0.35% of total); up from 0 (0%) in 2019.
The Home Loan Mortgage 30-year-fixed loan interest rate
(nationwide average) at month-end, slipped to 3.16% (another All-Time Low!) according to Freddie Mac; compared to
3.80% for June
2019. We expect rates to stay this low for several more months.
We now come to the custom chart showing Unit-Volume (number of properties sold)
action with short term (in
Red) and
long term (12-month moving average in
Blue) trends:
Clark County Home Sales - Units Sold Trend June 2020Unit-sales results this year finds us with the short-term trend below the
long-term trend by 50 units; whereas last year the short-term line was above the
long-term line by 63 units! Pending sales have picked up but not enough to
quickly close the accumulated gap.
The Average Home Sales Price custom chart is up next showing the current and past Home-Sales-Price results for both short-term and long-term:
Clark County
Home Sales - Average Sales Price Trend
June 2020The rising Price Trend got steeper this month; no doubt a result of lower
available new listings and strong-enough pending sales. Without a stronger
upward move in newly listed homes and condos the prices will likely keep moving
strongly higher.
The
Average Sales Price (using 3 months) for Clark County is now $427,280;
which is approximately $28,005 higher than this time last year.
The
remaining
charts come from RMLS and show:
Clark County
Home Sales Inventory
& Days on Market - June 2020
New Listings came in at the same lever; while Pending Sales
and Closed Sales both moved up. Available Inventory remained the same however,
and is at an extremely low level.
The second graph shows Prices for both Closed Sales and Average Sales
each hitting their highest one-month mark ever!
Finally, the Average Days on Market
moved up by a few days; while the Median Days on the Market
fell slightly. Both are in the range we usually see in early Summer.
Thank you for visiting our
Market report for Home Sales in Clark
County WA. Please let me know if
you have any questions or need help with your home or condo!
PS - The home sale market is changing, prices are
still rising, with loan costs presently at RECORD 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 Valuation, and invite you to try it out!
PPS
- Looking to buy a home or 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
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.
