Friday, January 21, 2022

Clark County WA Homes For Sale - December 2021 Report

A Relatively Small-up-tic in the Real Estate Price; with Unit Sales at a  Strong Level but Constrained by Low Inventory for Clark County WA in December 2021.

A new high was hit this month for Sales Prices enabled by just a small rise off their plateau level. The seasonally falling number of Units-Sold per-month has met the horizontally-moving Long-Term trend-line. Here are the key points for this month:  

  • Average-Sales Price moved up just under $6k+ finishing up at $552,543; with the 12-month/long-term trend line up 18.92% year-over-year;  and the 3-Month Moving Average up 17.96% from this time last year; 
     
  • The Inventory for Resale Property is now well below one-month's worth, at the record-low 0.2 Month's worth of Supply;
     
  • Approximately 648 Resale Properties were sold/closed, which is about 21 more (3.24%) properties than in 2020; and no change from last month;
     
  • REO/Bank Owned property sales were 3 units (0.39% of total); down from 4 (0.638%) in 2020; 
     
  • Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 1 (1.59%) last year.

The Freddie Mac's report on the 30-year-fixed mortgage loan interest rate (nationwide average) at month-end, rose slightly ending at a monthly average of 3.10% ; compared to 2.68% for December 2020. Rates have risen off their Low however, they are still at very low levels when compared to past history.

I have prepared the Custom Chart (below) to 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 Home Sales December 2021- Units Sold Clark County Real Estate - Units Sold Trend December 2021

The short-term trend is well into its seasonal decline, when last year at this time this measure was peaking. The long-term trend-line is moving horizontally (plateau) although it is in record high territory. The County has finished the year ahead of last years total home sales by 1,013 properties (+14.4%).

Next up we have a chart showing the Average Real Estate Sales Price, the short-term line edging up to a new high; with the long-term trend also moving up to a new high: 

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

Without a doubt Prices have risen strongly overall this year; and at a pace over 20%+ for the early Summer. However, the new high we've just hit is only $2k higher than the mark hit in August. With such a low level of Supply, and continued low interest rates we currently don't expect prices to be too "soft" in the near term.
 
Clark County's Average Residential Property Sales Price (using the most recent 3 months) is now $552,543; which is approximately $84,116 (+17.96%) higher than this time last year.

This final set of charts for this real estate sales report come from RMLS and show:

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


New Listings and  Pending Sales both eased this month; with Closed Sales coming in with no change for this month. With Pending Sales stronger than New Listings, we see Active Inventory sliding again and is now at 0.2 month's of supply. 

The second graph shows the Average Price for Closed Sales just below its high; and the Average Listing Price coming somewhat weak, and is below its recent high.

Finally, the Average Days on Market increased by 2 days finishing at 22 days; and Median Days on Market remained at 7 days. We clearly have a very brisk market for this slower time of year.  

Thank you for visiting our Home Sales 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.

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