Condo and Townhome Market Report for Vancouver Washington, February 2010
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 11 More Pending transactions (+55.0%) and 2 More Solds compared to last month, as well as a 4.6% 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 31.9% of the Active condo homes listed (31.7% last month), yet they represent about 41.9% of the homes going under contract (45.0% last month).
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
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