Reasonably Good Home Sales With Modest Up-Tick in Average Sales Prices in Battle Ground for November 2017
The Late Fall Season finds the typical smaller number of Home Sales; with New Listings making a huge drop, causing a large decrease in the Inventory of available Real Estate for sale in Battle Ground WA for November. Here are some of the highlights for this month:
- The 3-Month Moving Average for Price is $397,909 or +17.49% compared to the previous year; with the 12-Month Moving Average now at $378,664 or, +13.94% higher.
- The Inventory level for Resale Homes plummeted and is now at 1.1 Months.
- Approximately 46 Pre-owned Homes closed in November, compared to 70 Sold in November 2016; a decrease of 24 homes or, -34.3%.
- REO/Bank Owned property sales were 0 units (0% of total); compared to 0 (0%) in November 2016.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 1 (1.4%) in November 2016.
Battle Ground's average sales price moved up this month; and now exceeds nearby Vancouver's by approximately $61,836.
We'll continue on with our custom charts (below) that show the short term (3-months - red) and long term (12-months - blue) trend-lines for Battle Ground WA real estate:
Battle Ground Resale Home Sales - Units Sold Trend November 2017
The Short-Term trend fell again as we usually see in the Fall; although the Long-Term trend actually rose slightly. With Inventory dropping to such very low levels, it may become harder for unit-sales to keep going at this level.
Battle Ground Resale Home Sales - Avg Sales Price Trend November 2017
Like Vancouver and Clark County, Battle Ground's short term price trend recorded an up-tick in this typically time of softer prices. With available inventory dropping significantly this month, this most certainly suggests prices will only have strong support or upward pressure at least for the next couple of months this Winter.
Our final charts have been created from RMLS for Battle Ground WA shown below:
Battle Ground Resale Home Sales Inventory & Days on Market November 2017
The Inventory-by-Month chart shows the continued strong drop in New Listings, while Pending Sales and Closed Sales remained level. Available Inventory Shrank with the combined effect of these elements.
Average New Listing Prices and Closed sales both climbed in lock-step fashion.
Finally, both the Average Days on Market and Median Days on Market rose, which is expected for this time of the year.
Thank you for visiting our home sales and real estate market report for Battle Ground Washington. Please contact us with any questions you November 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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