realtor vancouver wa: Vancouver WA Real Estate Market Update July 2023
- 08/31/23 03:30 PM
New Sales Price High Attained, while number of properties Sold is still Greatly Reduced!As we continue to see ever increasing interest rates for the main types of home loans, the number of Resale homes sold has remained much lower than anything we've seen in many years. (Sales of New Homes are not included in this report).
Our first chart shows the July-only comparison - 2022 vs 2023:
For this chart please remember that the slowdown we are in had begun prior to July 2022, and was still declining at a strong rate.
The graph coming up next shows how the Pending Sales started their … (3 comments)
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realtor vancouver wa: Vancouver WA Real Estate Market Update June 2023
- 07/11/23 10:41 AM
The Reduced Number of Home Sales is Still Seeing Rising Prices!We've been told that the US Federal Reserve's actions raised interest rates last year in general, with specific actions targeted to Mortgage / Home Loan Rates (via changing their purchase-actions related to Mortgage-Backed-Securities aka "MBS"); with the intent to Slow Inflation and bring it back down to a target of 2% per year. The initial "Shock" to the local market has seen a greatly reduced number of homes sold; with an initial tread of reduced sales prices.
With about a year now gone by from the Fed's initial change in direction, we … (1 comments)
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realtor vancouver wa: Vancouver WA Real Estate Market Update May 2023
- 06/14/23 10:16 AM
What a difference Higher Home Loan Rates make to Real Estate Sales in Vancouver WA!To be sure, in 2022 there was nothing subtle about the US Federal Reserve's change in policy that caused home loan rates to rapidly more than double. In the Fall of 2021 the rates were in the low 3.0%+- range; while in May of 2023 Freddie Mac says the nation-wide average was about 6.6%!!!
For this report, please note that in May of 2022 (last year) we were starting to see the strong headwinds hitting the sales results for Vancouver Washington. Another way to say it: one year … (4 comments)
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realtor vancouver wa: Real Estate for sale Vancouver WA - April 2021 Report
- 05/25/21 04:30 PM
Strong Unit Sales were Extremely Strong with Prices 18%+ Higher for Vancouver WA in April 2021. Super-Low Active Inventory relative to Very Strong Demand; combined with un-reasonably low mortgage loan rates is driving prices for Real estate in Vancouver WA strongly up at 18%+ for the month. Here are the key points for this month:
450 Resale Residential Properties closed this month, which is 144 more (47.06%) compared to the same month last year; and 66 more than last month.
The 3-Month Moving Average Price Trend is shooting up like a skyrocket to post a new high, and is now at … (2 comments)
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realtor vancouver wa: Real Estate Sales Vancouver WA - August 2019
- 09/17/19 07:56 AM
Real Estate Sales came in Strong for Vancouver WA in August 2019, with Prices Setting another New High. Late Summer Real Estate Sales in Vancouver WA came in quite strong, with the another strong unit-sales posting. Here are the highlights for this month:
461 Residential Resale Properties closed this month, which is 27 more (6.2%) than this month last year.
The 3-Month Moving Average Price Trend Line edged to another new high at $377,063, with a year-over-year gain of 4.08% ; with the 12-Month Moving Average up 5.44%.
Short Sale /Pre-Foreclosure property sales were 1 units (0.2% of total); down … (2 comments)
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realtor vancouver wa: Greatly Improved Home Affordability in Vancouver WA - Mid-Year 2019
- 07/17/19 12:00 PM
A Mid-Year 2019 Home Purchase is 5%+ More Affordable than Last Year in Vancouver WA! As we move into the second half of 2019, it is important to report that at least Two Changes have taken place that affect the Affordability* of a home purchase in Vancouver and Clark County Washington. The perhaps biggest change is the greatly lower home loan (mortgage) interest rates that we have this year. The graphic below shows the current interest rate for the 30 year home loan is now well below 4.0%!!!
Home Financing Rates are Way Down
For Mid-Year 2019
Last year … (1 comments)
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realtor vancouver wa: Vancouver WA Real Estate - March 2019 Report
- 04/18/19 07:02 AM
Prices Ease Slightly, while Unit-Sales Warm Modestly in March for Real Estate in Vancouver WA We are clearly seeing a slower start to this year's real estate market "season" with unit-sales slightly lower, and average prices actually falling slightly this month! Here are some key points for Vancouver WA Real Estate Sales this month:
333 Resale Homes were sold this month, which is 20 fewer (-5.7%) than the same month in 2018.
The 3-Month Moving Average Price Trend Line is still in a downward move although not too steep, and showing a year-to-year gain of only 3.06% ; with the … (1 comments)
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realtor vancouver wa: Vancouver WA Homes For Sale - February 2019 Report
- 03/26/19 09:16 AM
Unit-Sales Slip Significantly in February with Prices Still at Higher Levels Last month's slight slow-down became a larger slow-down this month, with unit-sales numbers off over 10% from the same month last year. Here are the highlights for Vancouver WA Home Sales this month:
254 Resale Homes were sold this month, which is 40 fewer (-13.6%) than the same month in 2018.
The 3-Month Moving Average Price Trend Line is still in a seasonal downward skid, but still showing a year-to-year gain of 8.46% ; with the 12-Month Moving Average up 8.86%.
Short Sale /Pre-Foreclosure property sales were 0 units … (1 comments)
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realtor vancouver wa: Homes for sale in Vancouver WA - January 2019 Report
- 02/27/19 01:41 PM
A Mostly Typical January with Slower Sales, and Lower-than-Peak Sales Prices Relative to the most recent months the number of sales this month has not been as significantly lower than the same month in the prior year; and although the prices have retreated from the peak last summer, they are still up 8%+ from last year. We are also in an extremely low-inventory situation at the beginning of this year. Here are the key points for Vancouver's Residential Home Sales this month:
249 Resale Homes were sold this month, which is 11 fewer (-4.2%) than were sold in the same month … (0 comments)
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realtor vancouver wa: Real Estate Market for Vancouver WA - November 2018
- 12/18/18 09:12 AM
Unit - Sales Plunging While Prices Hold at Season's High Unit-Sales volume has been crashing, while Average prices have been at a plateau for five months now. Highlights for Vancouver Real Estate and Home Sales this month:
342 Resale Homes were sold this month, which is 68 fewer (-16.6%) than were sold in November 2017.
The 3-Month Moving Average Price Trend Line, actually exceeded this year's previous high by $10, but is only 7.8% higher than the prior year; with the 12-Month Moving Average up 9.06%.
Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 in … (0 comments)
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realtor vancouver wa: Vancouver WA Real Estate Sales - January 2018 Market Report
- 02/12/18 07:41 PM
Another Big Drop in Home Sales and Continued Very Low Inventory as Vancouver Washington Starts 2018 Although not as big of a decline as we saw in January, this month we saw 43 fewer homes sell than in January the prior year. Highlights for January 2018 Vancouver WA Home Sales include:
243 Resale Homes were sold in January 2018, which is 43 fewer (-15%) homes than were sold in January 2017.
The 3-Month Moving Average Price Trend Line is 10.79% higher than the prior year; with the 12-Month Moving Average now up 10.2%.
Short Sale /Pre-Foreclosure property sales were 1 unit … (0 comments)
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realtor vancouver wa: Vancouver WA Homes For Sale - December 2017 Update
- 01/22/18 01:34 PM
Substantial Home Sales Drop Combined with Very Low Inventory as Vancouver Washington Closes-out 2017 The previous two months showed the typical seasonal decline however in December we saw 100 fewer homes sell than we did in 2016. Highlights for December 2017 Vancouver WA Home Sales include:
346 Resale Homes were sold in December 2017, which is 100 fewer (-22.4%) homes than were sold in December 2016.
The 3-Month Moving Average Price Trend Line is 9.62% higher than the prior year; with the 12-Month Moving Average now up 10.32%.
Short Sale /Pre-Foreclosure property sales were 2 units (0.6% of total); down from … (0 comments)
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realtor vancouver wa: Real Estate for sale Vancouver WA - September 2017
- 10/17/17 04:58 PM
Home Sales Face Seasonal Slowing Plus Perhaps Late-Rally Slowing in Vancouver Washington for September 2017 We expect to see closed sales to slow down at this time of year however, this month's slowing may also include early signs that this 5+ year market rally is running out of steam. Highlights for September 2017 Vancouver WA homes for sale include:
440 Resale Homes were sold in September 2017, which is 39 fewer (-8.1%) homes than were sold in September 2016.
The 3-Month Moving Average Price Trend Line is now 9.97% higher than the prior year; with the 12-Month Moving Average now … (0 comments)
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realtor vancouver wa: Vancouver WA Real Estate - July 2017 Market Report
- 08/23/17 07:39 AM
Strong Demand plus Insufficient Inventory equals Rising Home Sales Prices in Vancouver Washington Strong Buyer Demand is being met with much higher prices and lack of quantity and variety of available homes for sale at any one time. Highlights for July 2017 Vancouver WA real estate include:
447 Resale Homes were sold in July 2017, which is 1 fewer (-0.2%) homes than were sold in July 2016.
The 3-Month Moving Average Price Trend Line is now 10.87% higher than the prior year; with the 12-Month Moving Average now up 12.1%.
Short Sale /Pre-Foreclosure property sales were 2 units (0.4% of … (0 comments)
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realtor vancouver wa: Vancouver WA Real Estate For Sale - June 2017
- 07/11/17 11:11 AM
Low Inventory Affecting Number of Units Sold in Vancouver Washington With Buyer Demand still strong, the lack of available pre-existing homes for sale is impacting the number that are being sold. Highlights for Vancouver WA real estate in June 2017 include:
488 Resale Homes were sold in June 2017, which is 14 fewer (-2.8%) homes than were sold in June 2016.
The 3-Month Moving Average Price Trend Line is now 11.01% higher than the prior year; with the 12-Month Moving Average now up 11.71%.
Short Sale /Pre-Foreclosure property sales were 3 units (0.6% of total); down from June 2016's 21 … (0 comments)
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realtor vancouver wa: Homes For Sale Vancouver WA - May 2017
- 06/14/17 07:59 AM
Low Inventory Alert Still In Effect For Home Sales In Vancouver Washington Pre-owned home sales are into the high-season for our area, with strong pressure for prices to rise as there are far more buyers than sellers. Highlights for Vancouver WA real estate in May 2017 include:
426 Resale Homes were sold in May 2017, which is 17 fewer (-3.8%) homes than were sold in May 2016.
The 3-Month Moving Average Price Trend Line is now 12.09% higher than the prior year; with the 12-Month Moving Average now up 11.36%.
Short Sale /Pre-Foreclosure property sales were 11 units (2.58% of … (0 comments)
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realtor vancouver wa: Real Estate Home Prices Vancouver WA - April 2017
- 05/16/17 01:12 PM
Inventory Improving Slightly Amidst Brisk Home Sales For Vancouver Washington As we enter the typically more active time of the real estate year, the tight-inventory of available homes is having a strong impact. The number of units-sold is down significantly, while the strong pressure remains on home prices. Highlights for Vancouver WA homes for sale in April 2017 include:
330 Resale Homes were sold in April 2017, which is 76 fewer (-18.7%) homes than were sold in April 2016.
The 3-Month Moving Average Price Trend Line is now at 11.31% higher than the prior year; with the 12-Month Moving Average … (0 comments)
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realtor vancouver wa: Real Estate Home Values Vancouver WA - March 2017
- 04/06/17 01:28 PM
Home Sales Still Faced with Low Inventory For Vancouver Washington The "Busy" season for real estate and home sales has officially begun. Although the Closed Sales for March and the past few months are lower than last year, the New Listings and Pending Listings have risen sharply. Highlights for Homes for sale in Vancouver WA in March 2017 include:
353 Resale Homes were sold in March 2017, which is 71 fewer (-16.7%) homes than were sold in March 2016.
The 3-Month Moving Average Price Trend Line is now at 10.85% higher than the prior year; with the 12-Month Moving Average … (5 comments)
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realtor vancouver wa: Vancouver WA Real Estate Market Prediction 2017 - Up? Down? Or...?
- 01/10/17 12:44 PM
Vancouver WA Real Estate Market will Initially Continue the Existing Uptrend in Units-Sold and Average Sales Price, then Slow Later in the Year. Vancouver Washington's Home Values and Real Estate Prices have been in a four plus (4+) year upswing, with greatly increased intensity the past two years. From the wisdom of Gerald Celente's Trends Journal "The Trend is your Friend." Thus, I opine, absent a force majeure event, that we are still in the strong phase of that uptrend, and may even see the intensity increase in the form of more rapidly rising prices.
But Wait! Would you believe me if I … (5 comments)
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realtor vancouver wa: 6805 SE Middle Way Vancouver WA Home For Sale - Active
- 01/05/17 04:52 PM
Awesome Mid-Century View Home - 6805 SE MIddle Way
… (14 comments)
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New Sales Price High Attained, while number of properties Sold is still Greatly Reduced!As we continue to see ever increasing interest rates for the main types of home loans, the number of Resale homes sold has remained much lower than anything we've seen in many years. (Sales of New Homes are not included in this report).
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