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 Real Estate - Units Sold Trend April 2021The 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
Real Estate Sales - Average Sales Price Trend
April 2021Mortgage 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:
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.
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