Unseasonably-Strong Real Estate Property-Sales While Sales Prices End the Year-2020 at Near Record for Clark County WA in December 2020.
The Pace of Property sales was one of the fastest this past 12 months; while the extremely low level of active Inventory contracted again! Here are the highlights for this month:
- Average-Sales Price eased by about $8k finishing up at $468,757; with the 12-month/long-term
trend line up 12.27% year-over-year; and the 3-Month Moving Average up
14.34% from this time last year;
- The Inventory for Resale Property fell again and finished at 0.5 Month's worth of Supply;
- Approximately 600 Resale Properties were sold/closed, which is about 145
more (31.9%) properties than in 2019; although 66 fewer than last month;
- REO/Bank Owned property sales were 4 units (0.67% of total); up from 2 (0.44%) in 2019;
- Short Sale /Pre-Foreclosure property sales were 1 units (0.17% of total); down from 2 (0.44%) last year.
The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average)
at month-end, fell again to a monthly average of 2.68% (another All-Time Low!); compared to
3.72% for December 2019. The Annual 2020 Average came in at 3.11% - compared to
2019's number of 3.94%!
For the Property-Sales Unit-Volume (number of
properties sold)
with short term (in
Red) and
long term (12-month moving average in
Blue) trends I've prepared this chart:
Clark County Real Estate - Units Sold Trend December 2020With continued strong late-season property sales the short-term line
is at a much higher level, though declining, than we typically see at the end of
the year. Long-term the trend-line continues moving up nearing its all-time high.
Finishing the year the County is now ahead of last years total home sales by 271 homes (or,
4.03%).
This month the Average
Real Estate Sales Price tread-water (less than $300 difference from last month) in the near-term;
while long-term the trend is still very positive:
Clark County
Real Estate Sales - Average Sales Price Trend
December 2020This year real estate prices have risen farther than they have at any time
since the market "bottom" at January 2012." In fact, even with the super-low
financing rates the Impact to Affordability will be very hard to ignore in the
present and coming months to come.
Clark
County's
Average Home Sales Price (using the most recent 3 months) is now $468,757;
which is approximately $58,799 (+14.34%) higher than this time last year.
My final charts for our real estate sales report come from RMLS and show:
Clark County
Real Estate Sales Inventory
& Days on Market - December 2020
New Listings dropped to post its lowest mark for the past 12 months. Pending Sales
also came in lower to its second-lowest mark for the year. Closed Sales
eased but stayed at a relatively high level.
Active Inventory at 0.5 month's of supply is extremely low, making it tough on
home shoppers that once had an easier time at the end of the year.
The second graph shows the Average Price for Closed Sales
at its second-highest level for the year; and Average Listing Price came in
lower than the closed-sales price.
Finally, the
market pace was about the fastest for the year; with the Average Days on Market
falling by 6 days; while the Median Days on the Market
fell one day. This rapid-paced market is unprecedented in my experience.
Thank you for visiting our
Real Estate Sales Report for 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 real estate 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 Property 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 Real Estate 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 Realtor, 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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