Rocketing Real Estate Prices and Unit Sales for Clark County WA in June 2021.
Prices have risen so fast and so far that their level is over $100,000 higher than this time last year! Unit Sales now exceed last year's mark by 31%. Needless to say, Active Inventory still remains super-low while this over-heated, bubbling market moves on. Here are the highlights for this month:
- Average-Sales Price moved up by about $14k+ finishing up at $531,148; with the 12-month/long-term
trend line up 18.44% year-over-year; and the 3-Month Moving Average up
24.19% from this time last year;
- The Inventory for Resale Property remained at the super-low 0.6 Month's worth of Supply;
- Approximately 942 Resale Properties were sold/closed, which is about 220
more (30.5%) properties than in 2020; and 94 more than last month;
- REO/Bank Owned property sales were 0 unit (0% of total); down from 3 (0.42%) in 2020;
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from (0.28%) last year.
The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate
(nationwide average) at month-end, remained almost unchanged ending at a monthly average of
2.98% ; compared to
3.16% for June 2020. We are hearing the Federal Reserve is still in the mode of
keeping this benchmark rate low.
I have prepared a custom chart showing
Property-Sales Unit-Volume (number of
properties sold)
with short term (in
Red) and
long term (12-month moving average in
Blue) trends:
Clark County Real Estate - Units Sold Trend June 2021We see the short-term trend rising quite steeply and is very near last year's
high. The long-term trend-line continues to rise at its steepest rate in decades. So far this year the County is ahead of last years total home sales by over
855 properties (+31%).
Continuing on to the Average Real Estate Sales Price, the short-term measure is
still rising steeply and in record territory; with the long-term trend also
powering to a new high:
Clark County
Real Estate Sales - Average Sales Price Trend
June 2021The persistent extremely low level of Active Inventory has extended the
imbalance between Buyers and available properties to purchase, with the strong
rapid rise in prices to be inevitable.
Clark
County's
Average Residential Property Sales Price (using the most recent 3 months) is now $531,148;
which is approximately $103,447 (+24.19%) higher than this time last year.
These final charts for this real estate sales report come from RMLS and show:
Clark County
Real Estate Sales Inventory
& Days on Market - June 2021
Both New Listings and Closed Sales
had strong gains; with Pending sales gaining a small amount. Active Inventory at 0.6 month's of supply
remains near the record-low, a clear sign of an un-balanced market.
The second graph shows both the Average Price for Closed Sales
and Average Listing Price coming in at new high-marks.
Finally,
both the Average Days on Market and Median Days on Market are at their low for
the past 12 months.
Thank you for visiting our Real Estate
Market 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.
