A Slight Slowing Seen in the Real Estate Price Rise; with Unit Sales remaining Strong for Clark County WA in August 2021.
This month we finally see slowing in the rising prices for the County - although the resultant level is still 20%+ higher than last year. We've also seen the typical slowing in the number of units-sold but again, the number is 100 units higher than the same month last year. Here are the highlights for this month:
- Average-Sales Price moved up by about $7k+ finishing up at $550,668; with the 12-month/long-term
trend line up 19.009% year-over-year; and the 3-Month Moving Average up
20.6% from this time last year;
- The Inventory for Resale Property is still below one-month's worth, at the super-low 0.7 Month's worth of Supply;
- Approximately 768 Resale Properties were sold/closed, which is about 100
more (14.75%) properties than in 2020; and 71 fewer than last month;
- REO/Bank Owned property sales were 3 units (0.39% of total); no change from 3 (0.449%) 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, moved down slightly ending at a monthly average of
2.84% ; compared to
2.94% for August 2020. The Federal Reserve is still in the mode of
keeping this benchmark rate low, and pumping funds into the markets.
Custom Charts (below)I have prepared show
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 August 2021The short-term trend is now rising less steeply and may be near this year's
high. The long-term trend-line is showing a slowing phase also. So far this year the County is ahead of last years total home sales by over
1,051 properties (+25%).
Next up are my charts showing the Average Real Estate Sales Price, the short-term measure
hitting another record; with the long-term trend also
at a new high:
Clark County
Real Estate Sales - Average Sales Price Trend
August 2021With such a large increase in properties purchased so far this year, it is
perhaps little wonder that the available Active Inventory at any one time is
very slim. Once again we have finished the month with less than one month's
worth of available supply.
Clark
County's
Average Residential Property Sales Price (using the most recent 3 months) is now $550,668;
which is approximately $94,062 (+20.60%) higher than this time last year.
These remaining charts for this real estate sales report come from RMLS and show:
Clark County
Real Estate Sales Inventory
& Days on Market - August 2021
Both New Listings and Closed Sales
eased this month; with Pending sales gaining slightly. Active Inventory at 0.7 month's of supply
remains stubbornly below one-month's worth of supply.
The second graph shows the Average Price for Closed Sales
a few hundred dollars below its high; and the Average Listing Price coming in a
few thousand dollars below its recent high.
Finally, the Average Days on Market
increased by just 2 days; and Median Days on Market remained at 5 days. This is
the 7th month in a row that the Median has been at 5 or fewer days.
Thank you for
viewing our Real Estate
Market Report for Clark
County WA. 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.
