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Vancouver WA Condo Market Report October 2016
RED ALERT for Vancouver WA Condo Market in October 2016!
  Available inventory for Condos have fallen to a critically low level, making it tough for condo shoppers and putting upward pressure on sales prices. Here are the highlights for October 2016: Condo Average Sales Prices are at record high levels, with the 3-Month Moving Average now at $211,944 closing up 10.0% over the prior October; and the 12-Month Moving Average also closed up 10.0% from the prior year;
    60 Resale Condos were sold in October, which is about 9 (17.6%) more condos than in October 2015;
  REO/Bank Owned Condo sales were 1 units (1.7% of total); no change from  (1.96% of total) in October 2015.
  Short Sale /Pre-Foreclosure property sales were 1 unit (1.7% of total); compared to 0 (0% of total) in October 2015. Clearly from the numbers for the "Distressed Property" segment (Bank Owned and Short Sale) this part of the overall real estate market in Vancouver WA has healed substantially from the prior crash. In fact, the number of units sold is leveling somewhat because there are not enough condo sellers on the market!
We have prepared a for Custom Condo Charts shown below, ... more

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