Tuesday, May 25, 2021

Real Estate for sale Clark County WA - April 2021

Real Estate Market On-Fire describes Clark County WA in April 2021.

Unit Sales are coming in at a record high-level at an extremely brisk pace; with Prices continuing to Rise at an extreme rate. New Listings have risen but not enough to move Active Inventory out of its low territory. Here are the highlights for this month:  

  • Average-Sales Price moved up by about $10k finishing up at $506,106 - the first time to finish over the $500k mark!; with the 12-month/long-term trend line up 15.45% year-over-year;  and the 3-Month Moving Average up 20.57% from this time last year; 
     
  • The Inventory for Resale Property moved up slightly to 0.6 Month's worth of Supply;
     
  • Approximately 642 Resale Properties were sold/closed, which is about 207 more (47.6%) properties than in 2020; and 87 more than last month;
     
  • REO/Bank Owned property sales were 1 unit (0.16% of total); down from 5 (1.15%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, dropped slightly to a monthly average of 3.06% ; compared to 3.31% for April 2020. The current trend is seeing this rate staying near 3% 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 Home Sales April 2021- Units Sold Clark County Real Estate - Units Sold Trend April 2021

The short-term trend has set a new record for the highest "seasonal low" we've ever posted. The long-term trend-line is blasting well into new high territory for this measure. So far this year the County is well ahead of last years total home sales by over 419 properties (+25%).

This month the Average Real Estate Sales Price continues its rapid rise into ever new record territory; mirrored by the long-term the trend which also hit an all-time high: 

Clark County Home Sales April 2021- Average Sales Price Trends Clark County Real Estate Sales - Average Sales Price Trend April 2021

Mortgage Loan Interest Rates have seemed to pause in their recent upwards movement. However, we are hearing that Inflation is happening on a broader scale in the Economy which we expect will cause mortgage rates to move higher.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $506,106; which is approximately $86,348 (+20.57%) higher than this time last year.

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

Charts of Vancouver WA Home Sales Trends in April 2021 Clark County Real Estate Sales Inventory
& Days on Market - April 2021


Both New Listings and Closed Sales moved higher; with Pending sales moving up only slightly - when this mark had been closely tracking the New Listing measure (are we seeing some slowing???). Active Inventory at 0.6 month's of supply is extremely low, and making for an unhealthy market. 

The second graph shows the Average Price for Closed Sales hit another New high level for the year. The Average Listing Price came in at its second highest mark.

Finally, the market pace has become quicker, and is the fastest-pace for the year.  

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!
 


PS - The real estate market is changing, prices are still rising, with loan costs presently at NEAR-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 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.