Unit-Home-Sales Ease only Slightly; with Home-Sales-Prices Continuing their "Moon-Shot" Rise for Battle Ground WA in July 2021
New Listings moved up strongly again this month; with Pending Sales also making a moderately strong upward move. Closed Sales Prices are the big news coming in a $661k on a monthly average, which is $96k higher than in June! Here are the key points for this month:
- The 3-Month Moving Average Sales Price jumped up by about $41k and is now $593,519 which is 34.45% higher than last year; with the 12-Month Moving Average now at $540,292 or, 25.60% compared to last year.
- The Inventory level for Resale Homes finished the month up one-tenth at 1.0 Month's of Supply.
- Approximately 63 Pre-owned Homes closed, compared to 52 Sold in 2020; and 5 fewer than last month.
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 0 (0%) in July 2020.
The 3-month Average Sales Price for Battle Ground rocketed much higher and closed at $593,519 this month; and leads Vancouver's price-level by $108,784!
The custom graph below is designed to show 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 July 2021
The Short term trend is still in its seasonal upward move, and is now well above the long-term line. In contrast, the long-term trend-line is still moving gradually upwards.
Our second graph shows the Average Sales price trend:
Battle Ground Resale Home Sales - Avg Sales Price Trend July 2021
The price action over the past 14 - 16 months is an incredibly massive upward move, not seen since the market "bottom" seen in January 2012. We on our team are now very concerned that home prices in this town, and for the County, have risen far too fast and too high.
Our remaining graphs come from RMLS for Battle Ground WA showing:
Battle Ground Resale Home Sales Inventory & Days on Market July 2021
New Listings posted a strong upward move, while the up-move for Pending Home Sales was modes. Closed Sales eased by 5 units but the number is still strong for this month.
In the second graph here, the Average Price for Closed Sales came it at a MASSIVELY New High; while New Listings were strong but only the second highest level.
Finally, the Average Days on Market and Median Days on Market remained at very low marks seen last month. The current Seller's Market is still rolling strongly.
Thank you for reviewing our home sales report for Battle Ground, WA. I'm are glad to answer any questions you have on this market area!
Like to see more like this? Then you might like:
Vancouver WA Homes For Sale - July 2021 Report
Vancouver WA Condos For Sale - July 2021 Report
PS - We Love to List and Sell Homes 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 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 Property Buyers looking at Battle Ground WA Homes For Sale . 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 2021. 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 Home 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.
Comments(3)