Unit Home Sales Remain Strong; With Sales Prices Up Almost 24% for Clark County WA in July 2021.
Sales Prices that have Risen Extremely Rapidly to High Levels, are the biggest part of the story these days. At present prices are almost $105k higher than a year ago! Unit Sales have remained strong, although in other parts of the country sales may be slowing. So far almost 27% more homes have sold year-to-date. New Listings came in stronger this month too however, we are still below One-Month's worth of Supply. Here are this month's key points:
- Average-Sales Price rose by just under $13k finishing up at $543,945; with the 12-month/long-term
trend line up 19.78% year-over-year; and the 3-Month Moving Average up
23.87% from last year;
- The Inventory for Resale Homes finished the month at 0.7 Month's worth of Supply;
- Approximately 828 Resale Properties were sold/closed, which is about 59
more (7.7%) homes than in 2020; and 2 less than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from
5 (0.65%) in 2020;
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 3 (0.39%) last year.
The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end,
fell again
slightly to 2.87% according to Freddie Mac; compared to
3.02% for July 2020. We are hearing that the Fed's "Tapering" has been put off
again, perhaps into next year, which should mean this benchmark rate will likely
remain below 3.0% for a while longer.
Next we have my custom chart for Home-Sales Unit-Volume (number of
homes sold)
with short term (in
Red) and
long term (12-month moving average in
Blue) trends:
Clark County Home Sales - Units Sold Trend July 2021We are still in the "blow up" phase of this bubble, as visible by the steep
and high rise of the trend(s). With the County's population just recently
crossing over the 500k mark, it is perhaps no wonder that the unit-sales are in
their highest-ever territory.
Year-to-date we are now ahead of last years total home sales by 940 homes (or,
26.9%).
This next chart shows the trend for the Average Home Sales Prices. Both the short-term
line and the long-term trend are in their steepest ever (at least for this
multi-year cycle) upward move:
Clark County
Home Sales - Average Sales Price Trend
July 2021We still see the rate of increase for home sales prices exceeding 20% annually.
Inflation is also widely reported in other parts of the Economy thus, overall
"Affordability" has been taking an ever increasing Hit.
Clark
County's
Average Home Sales Price (using the most recent 3 months) is now $543,945;
which is approximately $104,825 (+23.87%) higher than this time last year.
These remaining charts for this home sales report come from RMLS showing:
Clark County
Home Sales Inventory
& Days on Market - July 2021
For the first graph, we see New Listings moving up to another new-High
for the year. Pending Sales however, have eased for the second month in a row -
although still at a relatively high-level. Closed Sales
again hit another high - but only by 3 units this time!
The second graph shows Prices for Closed Sales
notching another new-high;
and Average Listing Price coming in slightly below its highest mark.
Finally, the Average Days on Market
and Median
Days on the Market rose remained unchanged at extremely low level.
The Median has been at 5 or lower Days for 6 months in a row now!
Thank you for
reviewing
our Home Sales Market Report for July 2021 for Clark
County Washington. Please let us know if
you have any questions or need help with your home or condo sale or purchase!
PS - The home sales market is changing, prices are
rising quickly, with loan costs presently at NEAR-RECORD low levels, keeping this an excellent time to List and Sell Your
Home with Our
Team; or, at least find
out what your property is worth! We offer a no-cost, no-obligation
Clark County WA Home Valuation, and invite you to try it out!
PPS
- Looking to buy a home or property reasonably soon? Interest rates are still at historically
low rates. You are invited to visit our web-page for
Clark County WA Homes 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 Homes 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 |
Homes 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 Home 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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