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
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