Luxury Home Market Report in Vancouver Washington for Eleven Month's ending November 2009
Early this month we logged into the MLS for Luxury Homes for sale Vancouver WA and to obtain an update of what happened to this price tier within the confines of Vancouver, in Clark County Washington. For this report we consider a Luxury Home to be priced and sold over $800,000. Here is what we have to report:
We have found this to be a challenging price category to provide a statistical report on. In general it is clear that there have been few transactions for Vancouver homes priced above $800,000. We have also seen several homes that have at least a Tax Assessed value above this price but owing to being a Vancouver WA Short Sale Luxury Home, the result is tallied in the lower-priced Executive Home Category.
Over the past two months there has been a decrease of 13 homes in the Active category, with an increase of 1 in the Pending category (2 total). We also watched one luxury property be purchased at the foreclosure auction, then almost immediately sold for several hundred thousand dollars less than the last list price by the Investor. We are counting that sale as one of the Foreclosure sales.
In our opinion, owing to the general economic climate, luxury homes for sale in Vancouver Washington have had a tremendous downward adjustment in value, and at this point in time there are some excellent buys available!
If you are looking to sell your Luxury 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 Luxury 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 Homes. 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 Luxury Homes in Vancouver WA we have a special search set up for you at Vancouver WA Luxury Homes for Sale.
Current MLS Market Report for Vancouver WA and Clark County
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