A Good Surge in Home Sales in Battle Ground for May 2017
With Available Inventory of Real Estate and Homes for sale has resulted in a relatively low level of Closed Sales in Battle Ground WA for May. Here are some of the highlights for this month:
- The 3-Month Moving Average for Price is $360,735 or +10.40% compared to the previous year; with the 12-Month Moving Average now at $345,625 or, +11.49% higher.
- The Inventory level for Resale Homes moved modestly upward to a still-low 1.9 Months!
- Approximately 58 Resale Homes closed in May, compared to 55 Sold in May 2016; an increase of 3 homes or, 5.8%.
- REO/Bank Owned property sales were 1 units (1.7% of total); compared to 1 (1.8%) in May 2016.
- Short Sale /Pre-Foreclosure property sales were 1 unit (1.7% of total); compared to 1 (1.8%) in May 2016.
Battle Ground's average sales price for pre-existing homes now exceeds nearby Vancouver's by approximately $38,000. With this town's somewhat rapid growth in the modern era, gaining a relatively stronger weight to newer and larger homes than Vancouver's, it makes sense that the average price can tend to be higher.
This report continues with custom charts (below) that show the short term (3-months - red) and long term (12-months - blue) trend-lines:
Battle Ground Resale Home Sales - Units Sold Trend May 2017
The short term trend is upwards for this indicator however, last year the short-term line pierced the long-term line from below during this month. With slower unit-sales this year, it may be next month before this event takes place.
Battle Ground Resale Home Sales - Avg Sales Price Trend May 2017
For the Average Sales Price (chart above) the short-term price has retreated slightly, which is not uncommon behavior for the charting of data in a smaller town. We expect this to reverse in the remaining summer months.
These final charts are produced from RMLS for Battle Ground WA shown below:
Battle Ground Resale Home Sales Inventory & Days on Market May 2017
The Inventory-by-Month chart shows closed sales moving strongly upward, with the number of new listings on the upward move as well. Pending Sales increased too, although not as much as the other two measures
Average List-Prices for newly listed properties are again measurably above the average closed sales price level.
Finally, the Average Days on Market dropped substantially, while the Median Days on Market remained in at a low, fast-paced market level!
Thank you for visiting our home sales and real estate market report for Battle Ground Washington. Please contact us with any questions you may have!
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The Battle Ground Washington Real Estate charts in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Battle Ground 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 Battle Ground WA 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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