Camas WA Market Report November 2016

By
Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349
http://activerain.com/droplet/4Yq7

Slowing Unit Sales but, Prices Rising Again for Camas WA Home Sales in November 2016

 Camas WA Real Estate and Home Sales are appearing to be heading for a lower level of units-sold; while the average sales prices are now on a seasonally out-of-sync up-trend at a time we typically see prices temporarily falling. Here are some of the November 2016 highlights:

  • Prices Indexes have sped-up in the positive direction, with the 3-Month Moving Average Up 16.1% ; while the 12-Month Moving Average went up 9.3% for the same time-period.
     
  • The Inventory level for Resale Homes moved down considerably to 1.8 Months - (compared to 1.2 Months available in neighboring Vancouver WA).  
     
  • Approximately 42 Resale Homes closed in November 2016, compared to 41 Sold in November 2015; 
     
  • REO/Bank Owned property sales were 0 units (0% of total); down from 2 (4.9%) in 2015. 
     
  • Short Sale /Pre-Foreclosure property sales were 0 unit (0% of total); down from 2 (4.9%) in 2015.

The current short-term Average Sales Price for a Home in Camas is now at approximately $447,430; which is about $143,000 higher than the same statistic for Vancouver. This is certainly a wider divergence in price than what we've seen historically. 

Next we have custom charts for Camas Home Sales shown below:

Camas Resale Home Sales November 2016 - Units Sold Camas Resale Home Sales - Units Sold Trend November 2016


The short-term and long-term trend-lines have been consistently trending lower for the past few months, which may be due to this market running at capacity with not enough new listings - and likely not enough availability in the more affordable price ranges.

The next chart below shows the trend for the Average Sales price:

Camas Resale Home Sales 2014 - Average Sales Price Trends Camas Resale Home Sales - Average Sales Price Trend November 2016


Being a somewhat small area this chart can appear to be "choppy" however, the current trend says we are still in an environment of rising prices. With the available inventory at such a very low level, we expect the mid to long-term trend to be positive for this element.

Next up we have three charts from the RMLS market statistics program showing the market action for pre-owned homes in the Camas WA market area:

Charts of Camas WA Resale Home Sales Trends in November 2016 Camas Resale Home Sales Inventory & Days on Market - November 2016

The first chart shows how the new Listings have not been keeping pace with closed sales - hence the decrease in available Inventory.

The second graph shows the new listings this month pushing for prices well above the closed sales price.

The final graph shows the Average Days on Market falling from last month, while the Median Days on Market (DOM) increased. both indices are higher than what we see in Vancouver and Clark County overall. 

Thank you for reviewing our report on the real estate scene in Camas Washington.  Please let us know your questions or comments.


PS - You are welcome to visit our page for Homes for sale in Camas WA , where 16 neighborhood searches are set up, such as: Homes for sale in Lacamas Shores, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA,   Property listings are from the entire RMLS.

PPS - 2016 is well into record-setting territory for Camas WA area.  If you are thinking of Selling or, just want to know what your home is worth -  we offer a no-cost, no-obligation Online Camas WA Home Valuation, and invite you to try it out Today!


The Camas Real Estate charts in this report (prepared by Camas WA Real Estate Broker 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 always 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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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update! I love seeing what is going on in different parts of the country- lets me prepare my clients for what is coming here.

Dec 29, 2016 08:42 PM #1
Ambassador
1,677,330
Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Whether you think you can or think you can't,  you're right.  Keep up the good work.

Dec 29, 2016 10:50 PM #2
Rainmaker
3,820,946
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for home buyers and sellers in your market area. I hope they will call you.

Dec 30, 2016 05:16 AM #3
Rainmaker
419,322
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hi Lise Howe, we appreciate your comments and your visit.  We have been tracking the Camas real estate market as it is generally quite popular but, has its limits too.

Dec 30, 2016 10:44 AM #4
Rainmaker
419,322
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hi Michelle Carr-Crowe, thanks - I like that Henry Ford quote.  I also like where he said: "You can't build a reputation on what you are going to do"

Dec 30, 2016 12:28 PM #5
Rainmaker
419,322
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hi Gita Banwal, glad you like the information.  We do think this information helps the home seller (or, Buyers) in Camas WA get a better handle on the current market conditions.  Happy New Year!

Dec 31, 2016 09:49 AM #6
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Rainmaker
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Alexander- Slocum

Realty Team- Vancouver WA Real Estate
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