Homes For Sale Clark County WA - July 2020 Report

Prices Explode Upward combined with Strong Unit-Home Sales for Clark County WA in July 2020.

Pent-up / Delayed Buyer Demand combined with Super Low Inventory is now reflected in steeply rising sales-prices. Unit Sales also came in higher than last year, although we are still behind last year's number of closings. Here are this month's report highlights:  

• Average-Sales Price moved strongly up to $438,873 - an $11k+ month-over-month gain; with the 12-month/long-term trend line up 6.72% year-over-year;  and the 3-Month Moving Average up 7.86% from this time last year; 
   
• The Inventory for Resale Real Estate improved slightly with a gain in New Listings, edging up 0.1 to finish at 1.2 Month's worth of Supply;
   
• Approximately 745 Resale Properties were sold/closed, which is about 46 more (6.58%) homes than in 2019; and 138 more than last month;
   
• REO/Bank Owned property sales were 5 units (0.67% of total); up from 0 (0%) in 2019; 
   
• Short Sale /Pre-Foreclosure property sales were 3 units (0.40% of total); up from 2 (0.29%) last year.

The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average) at month-end, fell again down to a monthly average of 3.02% (another All-Time Low!) according to Freddie Mac; compared to 3.77% for July 2019. Rates have even slipped below 3.0% since that time!

My 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 is shown below: 

Clark County Home Sales - Units Sold Trend July 2020

This month's Strong Unit-sales results rocketed the short-term trend above the long-term trend; although the County's year-to-date closings are behind last year by over 8%.   

The chart for Average Home Sales Price shows the current price trend moving strongly upwards in the near-term - strong enough to move the long-term line in a steeper slope as well: 

Clark County Home Sales - Average Sales Price Trend July 2020

With the quantity of New Listings insufficient to exceed the current level of buyer-demand, we just aren't seeing relief in terms of an adequate number of homes for sale. Thus, we still have strong pressure on prices to go upwards.
 
The Average Sales Price (using the most recent 3 months) for Clark County is now $438,873; which is approximately $31,998 higher than this time last year.

The last charts in this report come from RMLS and show:

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

New Listings moved up nicely this month however, we know with the State's pandemic rules some of these listings were held in limbo for perhaps many months time. Pending Sales and Closed Sales both moved up as well, making July look like an exceptionally strong month. The truth is we have delays in listings and purchases that have skewed the numbers on the up-side this month. Available Inventory moved up by the smallest amount possible, and is still at an extremely low level. 

The second graph shows Prices for Closed Sales hitting their highest one-month mark, with Average Listing Price coming in strong.

Finally, the Average Days on Market remained the same; while the Median Days on the Market fell slightly (but this one cannot fall much lower!). Both are in the typical Summer season range.

Thank you for visiting our 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 sale or purchase!
 

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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

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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.