Salmon Creek Homes For Sale | Vancouver WA Real Estate Market Report Mid Year 2010

Salmon Creek Homes For Sale Vancouver WA | Home Sales Report for Mid-Year 2010

The homes for sale in Salmon Creek - a popular neighborhood in the northwest part of Vancouver Washington and north of its namesake river - Salmon Creek, have most certainly experienced the erosion in volume and home values that also occurred in the larger Vancouver and Camas real estate market. This mid-year 2010 report is being published to show the current level of home sales activity to see where the positive trends are. A quick recap of the previous 4+ years will help with our review:

Home sales peaked in 2006 with 365 units sold, dropping to 328 in 2007
In 2008 the sales volume dropped significantly, and only slightly increased in 2009
The Median Sold Price eroded from a high of $284,358 down to $214,500 in 2009.
The Median Cumulative Days on the market increased to a high of 112 days in 2008, and fallen to 97 days in 2010.

With 124 houses sold for the first six months, Salmon Creek home sales are on track to easily meet or beat last year's sales numbers. In our opinion we don't expect the price's to materially decline or appreciate in this part of Vancouver Washington.

It is our observation and opinion that this market area took a much harder hit in 2008 than Cascade Park and Fishers Landing, and only slightly harder than nearby Felida. However, the recovery this year also seems stronger than in these other areas.

The table below shows the summary of the 124 homes that have sold so far in 2010 for Salmon Creek real estate:

The data used in this real estate report comes from the Vancouver MLS system and is subject to change without notice. If you have any questions on the data and opinions expressed herein please contact us.

PS - "Nobody sells more homes than RE/MAX." Look to the Alexander ~ Slocum Team
when you start searching for Homes For Sale in Vancouver Washington!

If you are in the market to buy a house in a similar neighborhood, we'd also suggest you visit our pages for Fishers Landing Homes For Sale, Camas WA Real Estate and Felida Homes For Sale. Houses for sale in these neighborhoods are often much less than comparable homes in Portland, with the additional benefits of living in one of the best Tax Havens in the USA!

For Home Sellers you'll want to know What is my Vancouver WA Home Worth? and how to List My Vancouver WA Home.