Many of my clients assume the only listings in Clark County are Distressed Properties - short sales and bank owned. That's not accurate, they aren't the only game in town. In fact, the local RMLS just released the statistics for all Distressed Residential Properties in the first quarter of 2012.

 

According to the RMLS, this is the break down for Clark County when comparing percentage share of the market 1st quarter of 2011 to 1st quarter of 2012.

  • First quarter of 2011 to 2012, distressed sales as a percentage of new listings decreased by 4.6% (39.7% v. 35.1%).
  • First quarter of 2011 with the same period in 2012, distressed sales as a percentage of closed sales increased by 0.3% (47.8% v. 48.1%).
  • Short Sales comprised 23.8% of new listings and was down 0.6% from 2011. However, the percentage of sales rose from 17.1%  in 2011 to 20.4%  in 2012, a 3.3% rise.
  • Bank Owned properties comprised 11.3% of new listings and 27.7% of sales in 2012, down 4.0% and 3.0% from 2011, respectively.

Distressed Properties in Clark County, Washington

Distressed Properties in Clark County, Washington

If you're looking for a great deal in Clark County, Washington, there are many non-distressed properties to choose from, as well as, Distressed Properties - short sales and bank owned. If you're not sure if you're short sale material - here's a quick link with more information.

Discuss the pros and cons of purchasing a short sale or a bank owned property with a knowledgeable and experienced Short Sale Expert. There are still a number of Distressed Properties for sale in Clark County Washington, just remember, they aren't the only game in town.

 

 

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Debb Sells with Soul

Debb Janes EcoBroker&Realtor Green~Sells with Soul

The Carl Group, Serving Clark County, WA
Specializing in Vancouver - Camas - Washougal - Fisher's Landing    

you can always find me at DebbJanes.com

As an EcoBroker, I combine my love of nature, people and the planet with my job as a Realtor®, that way, I can help you live in a more beautiful, comfortable and healthier environment, and save you money. Let me be your guide.

In addition, my passion for the Northwest lifestyle and our area's many neighborhoods ensure you a great selling or buying experience. Debb Sells with Soul

 

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This post has been included in Washington Real Estate News Clark County, WA Real Estate News
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13 Comments on Distressed Properties in Clark County, Washington - Not the only game in town.

MAY
08
2012
1,331,268 Points 189 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Debb, your pie charts and raw numbers and percentages tell the accurate picture with regard to distressed properties in your area. When they start declining more the perception that they are dominant will go away.
8:07am • #1
379,963 Points 84 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Debb - I'm not a Realtor, but I've always dreamed of buying a distressed home and flipping it. Who knows, someday I might do that instead of just staging and designing! Hope we're all still on for September at Fishhawke Lake with our wonderful friend Gayle!
8:19am • #2
355,299 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Debb,

Your presentation is clean, crisp and clear!

Your professionalism shines through clearly on this one!

When it comes to buying or selling, only a TRUE PROFESSIONAL, such as yourself makes the difference!
8:36am • #3
199,702 Points 5 Featured Posts Outside Blog Called Shot Master

It is good to see these numbers isn't it.  There is so much perception that the Short sales and the Bank owned rule the market.
8:54am • #4
706,100 Points 10 Featured Posts Outside Blog Called Shot Master

Debb,

This is a good method to pass on to consumers that not all properties are distressed. You still have a difficult market to deal with even though the distressed portion is decreasing.

9:21am • #5
465,957 Points 9 Featured Posts Called Shot Master

Debb-That is a great breakdown of your activities. It clearly shows what is what.
10:16am • #6
731,241 Points 103 Featured Posts Outside Blog Called Shot Master

Hi Debb - Very nice market report and very interesting data - it looks like you're making some progress clearing the distressed segment of the market and are on the road back to normalcy.

 
11:02am • #7
929,592 Points 13 Featured Posts Called Shot Master

Debb,

I second all the kudos on your presentation and your focus on the WHole Market, rather than a section of it.  People often tend to get fixated on what the media is pushing at the moment.  Have a great Tuesday.  A
11:57am • #8
587,113 Points 46 Featured Posts Outside Blog Called Shot Master

Debb a great breakdown on Distressed Properties in Clark County, Washington - Not the only game in town.
12:03pm • #9
939,117 Points 74 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Debb: This is a good Clark County WA market report...if consumers incorrectly believe that distressed properties are all that is available, this blog will dispel that myth.
1:18pm • #10
448,866 Points 72 Featured Posts Outside Blog Called Shot Master
Debb-good job letting people know that the market is not totally driven by foreclosures. Sometimes rumors circulate and it is up to competent real estate professionals to set the record straight.
4:58pm • #11
388,883 Points 21 Featured Posts Outside Blog Called Shot Master

Debb, great graphs and explaination of your market conditions. You share that there are many opportunties for all!
5:47pm • #12
335,725 Points 23 Featured Posts Outside Blog Called Shot Master

Hey Debb, it looks like your market is continuing to improve. How awesome! Have a super evening!!
10:07pm • #13


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Debb Janes~Realtor® Camas, Washington EcoBroker

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"Exploring Clark County" is all about wonderful towns, homes, neighborhoods and lifestyles available in the beautiful Southwest Washington portion of the Pacific Northwest. Plus, you'll find some observations and occasional opinions with a hint of Green.



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