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Vancouver Washington Real Estate Market for the month of January 2010
Earlier this month we logged into the Vancouver MLS to obtain a quick update of what happened with real estate and homes for sale within the confines of Vancouver, in Clark County Washington. Here is what we have to report:
From this snap-shot view we see another significant increase in the number of Pending transactions compared to the typically slow December, as well as a modest increase in the number of total Active listings available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 36.2% of the Active homes listed (about 35.0% last month), yet they represent about 43.4% of the homes going under contract (about 51.1% last month) - this is a continued high level for these two segments!
Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the "Normal Sale" (i.e., non-Pre-Foreclosure / Foreclosure) category. For this month we are seeing a continued status-quo for both key factors.
The Chart below shows the current trend of home prices for Vancouver WA, compared to other Pacific Northwest cities of Seattle Washington, and Portland Oregon. For home prices to start going up, we will typically first see a meaningful AND sustained increase in the number of homes purchased. Although there had been modest increases in home buying activity for the late-Summer and early-Fall months combined, we are not confident that it will return until February or March.
If you are looking to sell your home in Vancouver or Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Vancouver Washington Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver Washington we have a special search set up for you at Bank Owned Homes Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
Real Estate Market Activity in Clark County Washington for January 2010
Early this month we logged into the Vancouver MLS (covers Clark County Washington also) to obtain a quick snap-shot view of what happened real estate wise within the confines of Clark County Washington for the previous month. Here is what we have to report:
From this quick view we see a 44.2% INCREASE in the number of Pending transactions over last month (December was down 21.3%), as well as an increase of 8.1% in the number of total Active listings available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 34.3% of the Active homes listed (about 32.9% last month), yet are about 43.9% of the homes going under contract (about 51.7% last month).
Key items we are looking for in a market turnaround are not just an increase in the number of transactions and firming-prices but, an increase in the "Normal Sale" (i.e., non-Pre-Foreclosure / Foreclosure) Category. In our opinion we may be in a new era, with the Holiday Season behind us, and a rather narrow window left to utilize the Federal Tax Credits for Home Buyers. The continued extremely low mortgage interest rates should also help provide for a busier than normal First Quarter of 2010!
If you are looking to sell your home in Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver Washington we have a special search set up for you at Bank Owned Homes Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
Real Estate Market Activity in Ridgefield Washington, December 2009
Earlier this month we logged into the MLS for Vancouver and Ridgefield to obtain a quick snap-shot view of what happened with real estate and home sales within the confines of the Ridgefield zip codes, in Clark County Washington. Here is what we have to report:
From this quick view we see a 2 more Pending transactions (an increase of 13.3%); 10 (ten) fewer Sold home; as well as more than one year's supply of inventory (based on Solds) available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 26.7% of the Active homes listed (25.5% last month), yet they represent about 23.5% of the homes going under contract (33.3% last month).
Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the non-Pre-Foreclosure / Foreclosure category. In our observation we are continuing to see an increased level of 3rd Party and Bank Owned homes going under contract, overall in Clark County. Ridgefield however, was one of the hardest hit areas for distressed properties (foreclosures and short sales), and has actually shown another slight improvement this month.
The Chart Below compares Ridgefield Washington Home Sale Prices and Trends with other nearby Towns: Brush Prairie, Battle Ground and La Center Washington - right now the median home price in Ridgefield continues to fall and is the lowest its been in many years!:
If you are looking to sell your home in Ridgefield, Vancouver or another part of Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) PreForeclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale , and Homes For Sale in Ridgefield WA.
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Bank Owned Homes Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
Real Estate Market Activity in La Center Washington, December 2009
Early this month we logged into the MLS for Vancouver and La Center to obtain a quick snap-shot view of what happened with real estate and home sales within the confines of La Center, in Clark County Washington. Here is what we have to report:
From this quick view we see 1 more Pending transactions and 5 (five) fewer Solds, as well as a slight decrease in the number of Active Listings. We now have about a year's supply of inventory available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 26.9% of the Active homes listed (27.7% last month), yet they represent about 57.1% of the homes going under contract (66.7% last month).
Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the non-Pre-Foreclosure / Foreclosure category. County-wide we have seen a continued higher level in the number of 3rd Party + Bank Owned homes going Pending, relative to the total number of homes going pending. Are the banks becoming more pro-active in approving Short Sales? -- We'll continue to watch and see...
The Chart Below compares La Center Washington Home Sale Prices and Trends with other nearby Towns: Brush Prairie, Battle Ground and Ridgefield Washington:
If you are looking to sell your home in La Center, Vancouver or another part of Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) PreForeclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale , and Homes For Sale in La Center WA.
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Vancouver WA Bank Owned Homes For Sale.
Current MLS Market Report for Vancouver WA and Clark County
Real Estate Market Activity in Battle Ground Washington, December 2009
Earlier this month we logged into the MLS for Vancouver and Battle Ground to obtain a quick snap-shot view of what happened with real estate and home sales within the confines of Battle Ground, in Clark County Washington. Here is what we have to report:
From this quick view we see a modest (8) decrease in the number of Pending transactions, while the number of Sold homes increased by 4; as well as about one year's supply of inventory available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 33.9% of the Active homes listed (32.3% last month), yet they represent about 41.7% of the homes going under contract (53.1% last month).
Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the non-Pre-Foreclosure / Foreclosure category. In our opinion we saw a jump in the opposite direction for that ratio overall in Clark County starting in November, with more fluctuation short-term in Battle Ground
The Chart Below compares Battle Ground Washington Home Sale Prices and Trends with other nearby Towns: Brush Prairie, Ridgefield and La Center Washington - with Battle Ground Home Prices continuing to soften after increasing for the summer months:
If you are looking to sell your home in Battle Ground, Vancouver or another part of Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) PreForeclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Bank Owned Homes Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
Condo and Townhome Market Report for Vancouver Washington, December 2009
Early this month we logged into the MLS for Condos for sale Vancouver WA and Townhomes to obtain a quick update of what happened Condo and Townhome wise within the confines of Vancouver, in Clark County Washington. Here is what we have to report:
From this snap-shot view we see 5 Fewer Pending transactions (-6.1%) and 33 Fewer Solds compared to November, as well as a 6.1% decrease in the number of total Active listings available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 31.7% of the Active condo homes listed (28.8% last month), yet they represent about 45.0% of the homes going under contract (36.0% last month). December's activity for Condos and Townhomes in Vancouver has declined partly due to the folks buying in October to beat the change in the FHA Condo financing rules; and the general seasonal slowing as well.
Right now Prices for Condos and Townhomes are at the best they've been in 4 or 5 years, and the interest rates are at 30+ year lows! If you need an FHA loan for a Condo please read Paul Thompson's post.
If you are looking to sell your Condo or Town Home in Vancouver or Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Vancouver Washington Condo Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver WA Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Foreclosure Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
Real Estate Market Report for Camas Washington, December 2009
We've logged into the MLS for Vancouver and Camas early this month to obtain a quick snap-shot view of what happened real estate and home sales within the confines of Camas, in Clark County Washington. Here is what we have to report:
From this quick view we see the number of Pending transactions is down another nine (9) Homes when compared to the number of homes gone Pending in November; as well as a 12.6% decrease in the number of total Active listings available at the end of the month (a decrease of 3.2% the month before). This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 32.8% of the Active homes listed (about 34.2% last month in Camas), yet they represent about 60.0% of the homes going under contract (about 44.1% last month in Camas).
Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the non-Pre-Foreclosure / Foreclosure category. In our opinion we are starting to see a seasonal slowing in "normal sales" overall in Clark County, while distressed properties are staying the same or slightly increasing.
The Chart Below compares Camas Washington Home Sale Prices and Trends with other nearby Towns: Vancouver WA, Washougal and Portland Oregon. As you can see the average home price in Camas has dropped considerably since late June 2009 (about $75,000).
If you are looking to sell your home in Camas, Vancouver or another part of Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!
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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) PreForeclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Real Estate in Vancouver WA. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Foreclosures Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
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Alexander-Slocum REMAX Team - Vancouver WA Real Estate
Vancouver,
WA
More about me…
RE/MAX equity group, inc. - Vancouver Washington
Address: 7700 NE Greenwood Drive, Suite 100, Vancouver, WA, 98662
Office Phone: (888) 525-5528 x 81
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