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Battle Ground WA Real Estate | Market Trends and Statistics July 2011

By John Slocum

Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349

August 09, 2011 03:39 AM

Battle Ground WA Real Estate Posts a Good Month of Home Sales... with a Dark Side

Battle Ground's Home Sales volume remained at a reasonably high level However, the Distressed Property Category came in at 75% of Closed Sales...

Early this month we checked in with the Battle Ground MLS to see what happened with the real estate statistics and trends within the confines of the Battle Ground zip code 98604, for July. Here is the breakdown by Active | Pending | Sold; and further broken down by 3rd Party/Pre-Foreclosure | Foreclosures:

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

From this quick view we see Pending Sales have jumped up 10 units (+27%), and another welcome Decrease in the proportion of distressed properties to total inventory. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 26.3% of the Active homes listed (27.8% last month), and they represent about 44.7% of the homes going under contract (32.4% last month; and 61.1% in March). However, a relatively large batch of Bank Owned Homes (19) sold and closed this month, with the result that 75% of the month's closed sales ended up in the Distressed Property category.

Home prices in Battle Ground have been showing good strength although as expected in a smaller market the number tends to "jump up and down" on a month-by-month basis. However, for July with so many bank owned homes being sold the monthly average hit its low for the year.

The table below is from the RMLS, showing the past 3 months of activity (you may right-click on the image
and follow your browser's instructions to view the Full-Sized image)
Market Statistics and Trends for Battle Ground July 2011

The Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, a decrease in the non-Pre-Foreclosure / Foreclosure Sold category. In our opinion that ratio has continued to show improvement this year, with July showing slippage for the Closed Sales.

The Chart Below compares Battle Ground Home Sale Prices by AVERAGE and MEDIAN, in addition to Sales Volumes and Days On Market for the past 36 months:
Real Estate Battle Ground WA Market Price Chart for Year to date 2011

Clearly Battle Ground home sales prices been within a rather narrow range for the past year -- which is a very positive sign of Base Building. We are also see a substantial reduction in the Days-On-Market statistic!

If you are looking to sell your home in Battle Ground, 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 Battle Ground 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 Mortgage 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 Vancouver WA REMAX . 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!

For Southwest Washington homes and Real Estate in Vancouver WA visit Real Estate in Vancouver WA. If your interest is in foreclosures, pre-foreclosures (short sale homes) ; and when looking for Bank Owned Homes in Vancouver Washington we have our website set up for you to easily search for each of these categories!

PS - Nobody sells more homes than RE/MAX. Look to the Alexander ~ Slocum Team
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