Seasonal Slowing with Low Inventory for Vancouver Washington Home Sales in October 2017
We are seeing slower sales however, they are still in a relatively "normal" zone for this time of year. Highlights for October 2017 Vancouver WA Home Sales include:
- 410 Resale Homes were sold in October 2017, which is 2 more (0.5%) homes than were sold in October 2016.
- The 3-Month Moving Average Price Trend Line is now 7.87% higher than the prior year; with the 12-Month Moving Average now up 9.72%.
- Short Sale /Pre-Foreclosure property sales were 1 units (0.2% of total); down from October 2016's 8 (2.0% of total).
- REO/Bank Owned home sales were 4 units (1.0% of total); compared to 9 units in October 2016 (2.2% of total).
- The Inventory for Resale Homes retreated farther to 1.3 Months of Supply!
Closed Sales are down 42 units from last month, with Pending sales rising slightly.
Freddie Mac reports the 30 year Interest rate for home loans came in at an average of 3.9% for the month, which is slightly higher from last month, and higher than last year's 3.47%.
Unit-volume trends are charted in our custom chart below, with the Short Term (3-months combined - red line) clearly in the seasonal downturn we expect to see.
Vancouver WA Resale Home Sales - Units Sold Trend October 2017
The unit-volume in total is now about 95 homes lower than last year at this time.
The Price Trend chart (below) shows a slowing upward trend. We expect we are at or near this year's peak. Both the 3-month and 12-month trend-lines remain in record-high territory.
Vancouver WA Resale Home Sales - Average Sales Price Trend
In October 2017 there were 24 properties (5.85%) that closed at $200,000 or less when sold; with 45 (11.0%) sold that were priced $200,000 to $250,000. In comparison with the 2016-October measurement, 147 or, 36.0% of the sales were at $250k or below; while this year that reading is now at 16.8%.
The final charts (from the Regional Multiple Listing Service) show the real estate market action for Unit Sales, Average & Median Prices; and Days on Market:
Vancouver Resale Home Sales Inventory & Days on Market Trends
For the first chart, New Listings have continued their decline; Pending Sales increased slightly; and Closed Sales declined.
The second chart shows average new-listing-prices are showing some restraint.
Finally, both the Days on Market measures - Average and Median moved upwards moderately.
Thank you for visiting and reading our home sales and real estate market report for Vancouver Washington. Please contact us with any questions, or requests for assistance.
PS - home sales for Vancouver WA will favor Sellers for a few more months to come. If you are planning on Selling or, just want to know what your home is worth - we invite you to try our no-cost, no-obligation What Is My Home Worth Analysis for your Vancouver WA Home. We also have on-line form to request your Home Market Valuation. Either way we trust you won't delay!
PPS - Home Shopping or, looking to right-size to a Condo? Now is a great time to visit our Homes For Sale Vancouver WA page, or the separate page for Condos for sale in Vancouver WA. We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes and real estate listings from the entire RMLS. Sign-up Not Required!
Some of the Popular Searches include: Cascade Park Homes; The Heights Homes; Felida Homes; Fishers Landing Homes; Hazel Dell / Lakeshore Homes; Minnehaha / Walnut Grove Homes; and Salmon Creek Homes.
We also have Category searches including: Acreage Homes Vancouver WA; Listing Real Estate Agent Vancouver WA; One-Level Ranch Homes for sale in Vancouver WA; Fairway Village Homes For Sale, Waterfront Condos For Sale.
This report and custom charts (prepared by John Slocum Vancouver WA Listing Real Estate Broker, our resident statistician) are based on home sales posted in the Vancouver 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 Vancouver WA's 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.