Slightly Improved Home Sales Results in Camas WA for February 2018
Camas home sales posted slightly higher unit-volume this month. Available Inventory moved up nicely, as did New Listings and Pending sales. Here are the February 2018 highlights:
- The Average Price Trend slid slightly, with the 3-Month Moving Average now Up 9.3% from the year before; while the 12-Month Moving Average is up 12.92%
- The Inventory level rose nicely to 1.8 months (from 1.4 months) for Resale Homes.
- Approximately 29 Resale Homes closed in February 2018, compared to 27 Sold in 2017; which is 2 (7.4%) more than in 2017;
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) in 2017.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 1 (3.7%) in 2017.
The short-term Average Sales Price for a Home in Camas dropped this month, and is now approximately $487,803; which is about $41,519 higher than the same element in 2017. This average price is 35.6% higher than the Clark County average.
Next up we have our custom charts for Camas Real Estate & Home Sales shown below:
Camas Resale Home Sales - Units Sold Trend February 2018
Unit-sales at 23 were acceptable this month, as this is typically a low-closed-sales month. With the very slight drop in the short-term trend line I suspect this will be the low seen for the year.
The Average Sales Prices (chart below) moved slightly downward this month, helping to make this line look like a horizontal "saw-tooth" type of action. The Long-Term line is showing softness as well:
Camas Resale Home Sales - Average Sales Price Trend February 2018
With the average sales price in Camas much higher than the Clark County Average, we may be seeing early signs of a Plateau in sales prices for this market. We'll be watching for this in the months ahead.
The RMLS Statistics package displays many important elements for the past 12 months in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - February 2018
In the first graph, New Listings rose significantly, while Pending Sales almost matched that amount, allowing Inventory to build slightly.
The second graph shows a decrease in the Average Price List Price, while the Closed prices declined as well.
The final chart shows the Average Days on Market taking a big jump, as we must of "cleared" out some of the older listings; with the Median Days on Market only slightly. As we head into the high season, I expect both of these metrics to be lower very soon.
Thank you for visiting our report on real estate & home sales in Camas Washington. Please let us know your questions or comments!
PS - we are still in a Seller's Market for Camas WA as we move into 2018. 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 Real Estate Home Price Valuation, and invite you to try it out Today!
PPS - 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.
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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