Highest Unit-Sales Posting for this Year; while Prices Eke-out another New High Level for Battle Ground WA Real Estate in August 2021
Battle Ground's hot real estate action is challenged by prices that have run up way too high and too fast, and we are now seeing a recent slowing to the overall rise. Still, we opine that more units would be sold if more would become available for sale. Here are the key points for this month's report:
- The 3-Month Moving Average Sales Price increased by approximately $3k and is now $596,525 which is 26.52% higher than last year; with the 12-Month Moving Average now at $546,246 or, 23.29% compared to last year.
- The Inventory level for Resale Homes at any one time is super low, and is at the low 0.9 Month's of Supply.
- Approximately 73 Pre-owned Homes closed, compared to 65 Sold in 2020; an increase of 8 homes (+12.3%).
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (1.54%) for the same month in 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in August 2020.
The Average Sales Price for Battle Ground actually moved up slightly + $3,006, ending up at $596,525 this month; and now its lead over Vancouver's price-level is $109,160!
Next we have my custom chart illustrating the trend for Average Number of Pre-owned Properties Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Property Sales - Units Sold Trend August 2021
The short-term trend is clearly establishing a new High; and is well above the long-term line. The Long-term trend is at a higher level but is horizontal.
The next chart shows the Average Sales price trend, short and long term:
Battle Ground Resale Home Sales - Avg Sales Price Trend August 2021
The small increase in the Short-term is visible in the red-line; which also shows the huge price change in the past year-plus. The Long-term trend is still moving up very strongly too.
The last charts are from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory & Days on Market August 2021
New Listings and Pending Sales both fell rather strongly; with Closed Sales rising to their highest level for the year. This combination worked to keep Active Inventory low.
The Average Price for New Listings posted a very high mark but, not its highest; with Closed Sales prices coming down quite a bit from last month's highest level.
Finally, Average Days on Market rose only 1 day; and Median Days also rose 1 day ending at the low 5 days level. Both measures still show we are in a strong Seller's Market.
Thank you for viewing our real estate sales update 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 Call! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a 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 2021. When you are ready to take the next step in purchasing a 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.
Comments(4)