Clark County WA Real Estate - February 2021 Report

Robust Real Estate Property-Sales Continue while Sales Prices Resume their Upward Move for Clark County WA in February 2021.

Property sales have been quite brisk for this late-winter month; with sales prices - after a few months of side-ways movement - are rising once again, as the level of active Inventory remains super low! Here are the highlights for this month:  

• Average-Sales Price moved up by about $14k finishing up at $484,988; with the 12-month/long-term trend line up 13.72% year-over-year;  and the 3-Month Moving Average up 17.59% from this time last year; 
   
• The Inventory for Resale Property moved up slightly to 0.4 Month's worth of Supply;
   
• Approximately 434 Resale Properties were sold/closed, which is about 43 more (11%) properties than in 2020; and 3 more than last month;
   
• REO/Bank Owned property sales were 2 units (0.46% of total); down from 4 (1.02%) in 2020; 
   
• Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 (0.51%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, rose again slightly to a monthly average of 2.81% ; compared to 3.47% for February 2020. The current trend is seeing this rate in a rising pattern now for the near term.

Property-Sales Unit-Volume (number of properties sold) with short term (in Red) and long term (12-month moving average in Blue) trends are shown in my custom chart: 

Clark County Real Estate - Units Sold Trend February 2021

With unseasonably strong buyer-demand we see the short-term line is at a much higher level than a year ago, although near-term it is declining. Long-term the trend-line continues near its all-time high. So far this year the County is well ahead of last years total home sales by over 100 properties.

This month the Average Real Estate Sales Price broke out of its holding pattern and moved up to a new all-time high. The long-term the trend is still very positive and also hit an all-time high: 

Clark County Real Estate Sales - Average Sales Price Trend February 2021

Mortgage Loan Interest Rates have been edging upwards, although for this month the average remained below 3.0% (as of this writing we are now sneaking above 3.0%). With Inflation becoming more of a concern, the rates for Mortgages and Bonds will see a higher-trending rate.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $484,988; which is approximately $72,544 (+17.59%) higher than this time last year.

The final charts for this real estate sales report come from RMLS and show:

Clark County Real Estate Sales Inventory
& Days on Market - February 2021

Both New Listings and Pending Sales drifted lower; likely because this month is shorter than the others. Closed Sales still came in a few units higher than last month. Active Inventory at 0.4 month's of supply is super-low, which of course is challenging for home buyers to find the property they want before a competing buyer snaps it up. 

The second graph shows the Average Price for Closed Sales at its New highest level for the year. The Average Listing Price came in higher than the closed-sales price, and at its second highest mark.

Finally, the market pace became the fastest for the year; with the Average Days on Market matching one previous month; while the Median Days on the Market fell to the lowest at 4 days - and this is supposed to be a slow-to-medium-paced month! 

Thank you for viewing my 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!
 

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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

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