Homes Sales Going Strong in Camas in Early 2015
The 2015 Home Sales Results have been very strong, with Unit-Volume up over 20% so far. Here are some of the key items to report for April 2015:
- Prices Indexes Were Up, with the 3-Month Moving Average Up 2.2% (April. 2014 vs. April 2015); while the 12-Month Moving Average went up 7.8% for the same interval
- The Inventory level for Resale Homes is at 3.1 Months - keeping us in a Very Strong "Seller's Market."
- Approximately 43 Resale Homes closed in April 2015, compared to 44 Sold in February 2014; an decrease of 1 homes or, -2.4%.- yet, so far this year 20.3% more homes have sold than the same period in 2014!
- REO/Bank Owned property sales were 3 units (7% of total); down from 6 (13.4%) in 2014.
- Short Sale /Pre-Foreclosure property sales were 3 units (7% of total); down from 4 (9.1%) in 2014.
The current inventory level of Camas Homes has actually improved slightly as there have been more new listings than homes going under contract for sale. In February the inventory level was at 2.5 months, with the current number improving to 3.1 months.
Distressed properties (Foreclosures and Short Sales) are still in double digit range at a combined 14% however, we expect this to be the "new normal" level for the next several Quarters.
Now for our review op the Camas Charts! - This first chart shows the quantity of Resale Homes Sold (Excluding New Construction), with the short term trend line (in Red) calculating the 3-Month Moving Average; and the long term trend line (Blue line) equaling the 12-month Moving Average.
Camas Resale Home Sales - Units Sold Trend April 2015
The past several months have been showing a definite uptrend for the Long Term Unit Sales for Camas.
Average Home Sales-Prices (chart below) are reflecting the seasonal uptrend, although the long term line appears to be going sideways. We expect the long-term trend to turn north again as the results for the following months are tallied.
Camas Resale Home Sales - Average Sales Price Trend April 2015
The following graphics are from RMLS for the Camas WA market area:
Camas Resale Home Sales Inventory & Days on Market - April 2015 As noted previously, the number of new listings has improved. Also note how the new listings are on average, quite a bit higher in price than the Sold properties.
The Median Number of Days on the Market has also slipped below 20 days! This is a clear sign that home buyers know what they want and are not wasting time in making their decisions!
Please let us know if you have any questions with the information provided in this report.
PS - You are invited to use the Camas Home and Real Estate page, where 16 neighborhood searches are set up in addition to 7 category searches. Property listings are from the entire RMLS.
PPS - Camas home sales have been very strong in early 2015. Don't delay with your Home Selling or Buying Plans - Call Us Soon!
The Camas Real Estate charts in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Camas MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in the Camas real estate market.
Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.
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