Unit Sales Drop Back to a Lower Level; While Prices Firm-up in Battle Ground WA for September 2019
Unit-sales of pre-owned homes dropped back down from last month's unusually high number to a post a much lower result. Sales prices held just above last month's posting. Here are the key points for this month:
- The 3-Month Moving Average Sales Price is $406,795 which is down -4.12% compared to the previous year (up a few hundred dollars from last month); with the 12-Month Moving Average now at $411,219 or, -0.11% compared to last year (a $14 decrease from last month).
- The Inventory level for Resale Homes slipped to 2.4 Months (down 0.1).
- Approximately 42 Pre-owned Homes closed, compared to 47 Sold in 2018; a decrease of 5 homes (-10.6%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2018.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 1 (2.1%) in September 2018.
The Average Sales Price for Battle Ground moved up slightly to $406,697 this month, and is -$17,495 lower than at this time last year; and now leads Vancouver's price-level by $34,181 (up from last month).
Next up we have our first chart showing the trend for the Average Number of Pre-owned Homes Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-lines:
Battle Ground Resale Home Sales - Units Sold Trend September 2019
The short-term trend held near its peak for the year owing to last month's very strong results being averaged in; while the long-term trend is neutral to slightly positive. Year-to-date Battle Ground's unit sales are now only behind last year by 6 units (-1.45%).
Our second chart plots the trend for the Average Sales price:
Battle Ground Resale Home Sales - Avg Sales Price Trend September 2019
The average sales price held its gain from last month; with the action strong enough to arrest the decline of the long-term trend-line. Given the many years-long run up in prices we've been expecting to enter a period where we slowing and consolidation of the price-gains.
Our last graphs from RMLS for Battle Ground WA show:
Battle Ground Resale Home Sales Inventory & Days on Market September 2019
Both New Listings and Pending Sales actually increased modestly this month; while Closed Sales moved lower - which was not un-expected after last month's huge number; the combined result is a 0.1 months decrease in Active Inventory.
This month's Average Closed Sales price was about the same from last month; while the Average Price for New Listings jumped up to one of the highest levels of the year.
Finally, the Average Days on Market and Median Days on Market both moved up in a manner that is consistent with this slower time of the Season.
Thank you for visiting our home sales report this month for Battle Ground Washington. We are happy to answer any questions you have - just let us know!
PS - We Love to List and Sell Homes in Battle Ground! If you are thinking of selling we'd Love to Help You! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a Current Battle Ground WA Home Valuation at no-cost, no-obligation to learn your property's current value and how the listing and sales process works.
PPS - We also love to help Home Buyers looking at Battle Ground WA Real Estate For Sale to purchase. Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA homes still represent a great value in 2019. When you are ready to take the next step in purchasing a home or property, Give us a Call!
NOTE: Some of the popular Search Pages on our site include: Battle Ground Acreage Real Estate; Battle Ground Luxury Real Estate; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate informational charts used 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.
Comments(4)