Real Estate Ridgefield WA | Performed Well for July 2011
Ridgefield WA Home Sales turn in reasonable Summer-Season results, with Short Sales and REO's still a shrinking part of the mix...
As one of Clark County's hardest hit areas for Distressed Properties, Ridgefield Washington
has shown improving ratios of normal sales vs. distressed property sales when compared to
the County overall. Also of Note: about 82 of the Active Inventory are "New"
Homes (or, to-be-built homes) from the home builders -- who we surmise are
bullish on Ridgefield's future.
We've logged into the MLS for Vancouver and Ridgefield to obtain a quick snap-shot view of what happened during
July with Home and Condo sales within the confines of the Ridgefield zip code 98642, in Clark County Washington. Here is what we have to report:
From this brief view we see that the number of Pending transactions this month jumped to a total of 20, compared to only 12 last month (May was unusually high); as well as about six (6) month's supply of Resale inventory (based on adjusted-Solds -- removing "phantom" new homes) available at the end of the month. This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 40.0% of the Pending Ridgefield homes listed for sale (still much lower than the County Average of 43.1%).
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).
The Chart Below shows Ridgefield Washington Home Sale Prices
and Trends over the past 36 months, comparing Average and Median Sales prices
compared to List prices (July looks good for improved prices!); and Days on
Market trends:
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