A "Pause" in the Rising Real Estate Price; with Unit Sales Strong but perhaps a "Leveling" for Clark County WA in November 2021.
This month we are in the third month of prices below, although only slightly, from the all-time High. The number of Units-Sold per-month has peaked for the year, although about 15% more have closed so far this year. Here are the highlights for this month:
- Average-Sales Price moved up by less than $1k+ finishing up at $546,659; with the 12-month/long-term
trend line up 18.75% year-over-year; and the 3-Month Moving Average up
16.77% from this time last year;
- The Inventory for Resale Property is now well below one-month's worth, at the
record-low 0.3 Month's worth of Supply;
- Approximately 534 Resale Properties were sold/closed, which is about 73
more (15.84%) properties than in 2020; and 127 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, remained the same ending at a monthly average of
3.07% ; compared to
2.77% for November 2020. Even though the rates have risen off their Low, they
are still in historically very low levels.
My
Custom Chart (below) has been prepared 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 Real Estate - Units Sold Trend November 2021The short-term trend is now in its seasonal decline, when compared to last
year when it was peaking at this month. The long-term trend-line is continuing
its plateau phase. So far this year the County is ahead of last years total home sales by over
992 properties (+15.49%).
Next up
we have a chart showing the Average Real Estate Sales Price, the short-term measure
taking a "pause"; with the long-term trend continuing up to a new high:
Clark County
Real Estate Sales - Average Sales Price Trend
November 2021We've had a relatively strong showing this year for rising prices, and we are
finally seeing "resistance" of some form or fashion in this measurement. 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 $546,659;
which is approximately $78,207 (+16.69%) 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 - November 2021
New Listings, Pending Sales and Closed Sales
all eased this month; with Pending sales coming in higher than New Listings.
This helped cause Active Inventory to slide and is at 0.3 month's of supply.
The second graph shows the Average Price for Closed Sales
at a new high; and the Average Listing Price coming in strong but still below its recent high.
Finally, the Average Days on Market increased
remained at 20 days; and Median Days on Market
remained at 7 days. This is showing we still have a brisk market for this
typically slower time of year.
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.
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