Sales Prices Paused at their Recent New High, with Closed Sales Rocketing up to the Year's High for Camas WA in September 2020
We have another very strong showing for Prices and Units-Sold; although New Listings and Pending are starting to ebb. Active Inventory fell significantly to less than one month's of supply. Here are the highlights for this month:
- The Short-Term Average Price Trend held steady this month and is 9.30% higher than last year ($49,189); with the 12-Month Moving Average now strongly positive at 9.26%
- The Inventory level dropped 0.2 to a super-low 0.9 month's of supply for pre-owned homes.
- Approximately 76 Resale Homes closed in September 2020, compared to 52 Sold in 2019; which is 24 more (46.15%) compared to last year, and 13 more than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (1.9%) in 2019.
- Short Sale /Pre-Foreclosure property sales were 1 units (1.32% of total); up from 0 (0%) in 2019.
The Average Sales Price is now at $578,003, which is approximately $109,991 higher than the Clark County average for this month (a goodly decrease from last month, as the County Average rose quite a bit).
Below you can see the custom charts I have created to show the number of homes sold (Unit-Sales); and it highlights the Short Term and Long Term trends:
Camas Resale Home Sales - Units Sold Trend September 2020 This month we see that the recent strong surge in unit-sales has allowed the short-term unit-volume to hit an all-time high! In fact, the long-term trend has also moved up to an all-time high for this measure. With this strength in unit-sales, the Camas market is now ahead of last year by almost 2% for this measure - not bad in a year the State has the economy so strangled.
Next we go to the chart below which highlights the Average Closed Sales Prices:
Camas Resale Home Sales - Average Sales Price Trend September 2020 With strong demand the prices have remained in a positive growth mode at or near the all-time high. With the economy starting to get back to work we expect reasonably strong price-support in the near-term.
My final charts are from the RMLS Statistics package showing this month's results in a mixed-line-bar-graph format:
Camas Resale Home Sales Inventory & Days on Market - September 2020 The Inventory-by-Month graph shows the Closed Sales rocketing up; while both New Listings and Pending Sales falling substantially after their peak last month. The Active Inventory level fell to 0.9 months of supply, which will keep prices higher; and make it tougher for home buyers to find properties to choose from.
The middle chart shows both Average List Price zooming to an all-time high owing to an $18,000,000 luxury property going Active; while Closed Sales price eased slightly from its recent all-time high.
Finally, the Average Days on Market increased by one week; while the Median fell by 2 days.
Thank you for viewing my home sales report for Camas WA. We'd love to know how we can help you; or, help someone you know with their Home Sale or Purchase needs in this fine community in SW Washington!
PS - we love to help our customers sell or buy their Camas home. Thinking of Selling or, just want to know what your home is worth? We offer a no-cost, no-obligation Camas WA Home Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Home Shoppers, and invite you to visit our page for Camas WA Homes for sale , where 16 neighborhood searches are set up, such as: Lacamas Shores Homes for sale, 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 Home Sales charts in this report (prepared by Camas WA Home Sales 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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