Unit-Sales Jump-Up Strongly With Prices Reversing a Mini-Down-Trend for Battle Ground WA in June 2020
Last month's strong showing for Pending Sales resulted in jump-up in Closed Sales this month. Prices moved back up but only slightly. Here are the key points for this month's report:
- The 3-Month Moving Average Sales Price moved up by about $3,600 and is now $436,954 which is 9.42% higher than last year; with the 12-Month Moving Average now at $426,087 or, 2.42% compared to last year.
- The Inventory level for Resale Homes Rose this month to 1.2 Months (Up 0.2) of Supply.
- Approximately 58 Pre-owned Homes closed, compared to 43 Sold in 2019; an increase of 15 homes (34.88%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2019.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 0 (0%) in June 2019.
The Average Sales Price for Battle Ground moved about $3,600 up to $436,954 this month; and now leads Vancouver's price-level by $47,844 (down about two-hundred-dollars from last month).
My custom chart shown below shows the trend for Average Number of Pre-owned Homes Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Home Sales - Units Sold Trend June 2020
The short term trend-line has caught and matched the long-term trend-line this month; while least year the short-term line crossed above and exceeded the long-term line. This performance is actually better than the overall-County performance, where the long-term line fell with the short-term line was rising.
Next up is my chart for the Average Sales price trend:
Battle Ground Resale Home Sales - Avg Sales Price Trend June 2020
This month both short-term and long-term trends are moving upwards at a moderately-strong pace. One of the current trends seen nation-wide has an out-migration of people from the large cities to small towns like this one; which will keep prices rising in this area.
Our remaining set of charts come from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory & Days on Market June 2020
Both New Listings and Closed Sales posted strong marks; while Pending Sales fell quite a bit (we'd expect Pending sales to be strong this time of year). A surge in new listings and slump in pending sales resulted in the Active Inventory climbing by 0.2 month's worth.
The Average Price for New Listings rose strongly this month to the third highest level ever posted. Closed sales prices also came in strongly at about the second-highest level ever.
Finally, Average Days on Market fell by a few days and Median Days fell by a day. Available Active Inventory is still very low, causing us to expect the Days on Market to remain quite brisk for the next few months time.
Thank you for viewing our real estate sales report for Battle Ground Washington. We are glad to answer any questions you have on this market area!
PS - We Love to List and Sell Real Estate in Battle Ground! If you are thinking of selling Give us a Shout out! 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 Property 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 Property Buyers looking at Battle Ground WA Real Estate For Sale . Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA properties still represent a great value in 2020. 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 Homes; Battle Ground Luxury Homes; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate Sales 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.
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