Ridgefield WA Real Estate | Market Trends and Statistics March 2011

By
Real Estate Agent with Adamas Realty - Vancouver Washington
http://actvra.in/94M

 

Real Estate Ridgefield WA | Market Trends and Statistics March 2011

Ridgefield WA Real Estate sales take a pause in March, with Short Sales and REO still a heavy part of the mix...

We've logged into the MLS for Vancouver and Ridgefield to obtain a quick snap-shot view of what happened during March with real estate and home sales within the confines of the Ridgefield zip code 98642, in Clark County Washington. Here is what we have to report:

Ridgefield Washington Real Estate Market Report by John Slocum & Kathryn Alexander REMAX Ridgefield WA

From this brief view we see that the number of Pending transactions this month decreased by3 units when compared to last month; as well as a seven to eight (7 to 8) month'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 22.6% of the Active Ridgefield homes listed for sale (much lower than the County Average and a slight decrease from last month), yet they represent about 40% of the homes going under contract.

Ridgefield WA was one of the hardest hit areas for distressed properties (foreclosures and short sales) and was hit early, and is now showing relatively healthier ratios of normal sales vs. distressed property sales when compared to Clark County WA overall. We have observed more new-home construction and sales occurring, which is another clear sign of improvement for Ridgefield.

The table below is the last 3 months of activity from the Ridgefield MLS
(right-click on the image and follow your browser's instructions to see the full-size image).
Ridgefield WA real estate market trends and statistics

The Chart Below shows Ridgefield Washington Home Sale Prices and Trends over the past 12 months, comparing Average and Median Sales prices compared to List prices (March looks good for firmed-up prices!):

Real Estate Market Chart by John Slocum and Kathryn Alexander of www.ClarkCountyExpert.com

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.

Current Vancouver WA Real Estate Market Reports:

Previous Vancouver WA Real Estate Market Reports:


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 Real Estate Vancouver WA. If you have an immediate need to search the MLS for Vancouver WA please visit Homes For Sale Vancouver WA , and Real Estate 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.


Vancouver WA Homes for sale: Visit ClarkCountyExpert.com to explore real estate in Vancouver Washington!

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Alexander- Slocum

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