Near-Record Monthly Unit-Sales Plus All-Time High Prices Continue for Clark County WA in September 2020.
Sub-3.0% mortgage interest rates are in a zone never seen before, and fueling buyer demand that is stronger than the willingness of existing home-owners to put their homes on the market to meet that. Thus, Inventory is half of what it was last year with closed sales prices zooming upwards. Here are highlights for this month:
- Average-Sales Price jumped up to $468,011 -
an $11k+ month-over-month gain; with the 12-month/long-term
trend line up 9.87% year-over-year; and the 3-Month Moving Average up
15.57% from this time last year;
- The Inventory for Resale Real Estate slipped 0.1 to finish at 0.9 Month's worth of Supply;
- Approximately 738 Resale Properties were sold/closed, which is about 135
more (22.39%) homes than in 2019; and 78 more than last month;
- REO/Bank Owned property sales were 1 units (0.14% of total); down from
2 (0.33%) in 2019;
- Short Sale /Pre-Foreclosure property sales were 1 units (0.14% of total); down from 2 (0.33%) last year.
The Home Loan Mortgage 30-year-fixed loan interest rate (nationwide average)
at month-end, fell below 3% to a monthly average of 2.89% (another All-Time Low!) according to Freddie Mac; compared to
3.61% for September 2019. Rates will likely stay in this low range for the near
future.
Next up is my custom chart illustrating 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 September 2020Robust Unit-sales the past three months have powered the upward move for the
short-term line; with the long-term line moving strongly upwards as well.
At this point we are now only about 4.85% below last year for year-to-date closed sales.
The Average Home Sales Prices
have been zooming upwards in the near-term;
with the long-term line also in a very steep upward slope:
Clark County
Home Sales - Average Sales Price Trend
September 2020New Listings in the past few months are coming in at a level very nearly to
what we've seen the prior two years however, there is still a large gap from
when the State was initially shut-down that has not been erased. Another trend
increasing demand for homes in Clark County are people leaving the big-city
violence like Seattle, Portland, etc. With combined good demand and low
Inventory there are no brakes to keep home prices from rising out-of-control at
this point.
Clark
County's
Average Home Sales Price (using the most recent 3 months) is now $468,011;
which is approximately $63,044 (+15.57%) higher than this time last year.
The
last charts for our report come from RMLS and show:
Clark County
Home Sales Inventory
& Days on Market - September 2020
New Listings and Pending Sales slipped from last month; with Closed Sales
coming in very strongly (second highest mark for the past 12 months).
The combined result was Inventory slipped by 0.1 month's worth of supply to a
level less than 1 month-total of Supply!
The second graph shows Prices for Closed Sales
coming in at their second-highest one-month mark. Average Listing Price also came in
at their second-highest one-month mark!
Finally, the Average Days on Market
rose by only 2 days; while the Median Days on the Market
- remained the same at 7 days / 1-week. We are still in a very brisk
market.
Thank you for visiting our
report for Home Sales in Clark
County Washington. Please let me know if
you have any questions or need help with your home or condo sale or purchase!
PS - The home sales 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
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 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 Homes 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 |
Homes 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 Agent, John Slocum, 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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