Vancouver WA Real Estate Market Report, including all Clark County areas, May 2010

Vancouver WA Homes For Sale still in Trouble? -- Clark County's inventory of homes and houses is still heavy with Short Sales and Foreclosures.

Real Estate in Vancouver WA has seen some interesting changes with the expiry of the Home Buyer Tax Credit, combined with the traditional Spring Home Sales season. Early this month we logged into the Vancouver MLS (covers Clark County Washington also) to obtain a quick snap-shot view of what happened real estate wise within the confines of Clark County Washington (Vancouver USA is the largest community) for the month of May. Here is what we have to report:

From this quick view we see more Sold Homes compared to Pending transactions, and a decrease in the number of Vancouver WA Homes For Sale. The apparent "bulge" in homes sold is likely a result of the emphasis put on purchaser's taking advantage of the tax credit incentive.

Key items we are looking for in a market turnaround are not just an increase in the number of transactions and firming-prices but, an increase in the "Normal Sale" (i.e., non-Pre-Foreclosure / Foreclosure) Category. In our opinion with about 47% of the Pending status homes being 3rd party or Foreclosure transactions, we are likely at the bottom but have not turned the corner yet!

If you are looking to sell your home in Vancouver WA, and 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!

The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
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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 Homes for sale 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!

Visit our website to learn more about Vancouver Washington, Camas WA homes for sale or Battle Ground homes for sale.

If your interest is in foreclosures, pre-foreclosures (short sale homes) check out Short Sale Vancouver WA; and when looking for Bank Owned Homes in Vancouver Washington we have a special search set up for you at Foreclosures Vancouver WA.


PS - Nobody sells more real estate than RE/MAX.  Look to John Slocum and Kathryn Alexander
for your Vancouver WA Real Estate!