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Battle Ground Real Estate | Market Update October 2010
 
Battle Ground Real Estate Market Activity - October 2010 This report is a quick view of what happened real estate-wise within the confines of the Battle Ground zip code 98604, for Battle Ground Homes For Sale in Clark County Washington. Here is what we have to report when we gathered the home sales information earlier this month:

From this quick view we see typical seasonal drop in the Total Active Inventory however, like other areas nearby there is a slight increase in the proportion of distressed properties. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 31.5% of the Active homes listed (a 0.4% increase from last month), and they represent about 57.7% of the homes going under contract (this item is very high for the past two months).
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 Sold category. In our opinion that ratio has taken another big jump owing to the Option ARM loans re-calculating to much higher mortgage payments, causing many home-owners to become distressed sellers.The Chart Below compares Battle Ground Home Sale Prices ... more

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