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Vancouver WA Real Estate | Market Report for December 2010

Homes For Sale Vancouver WA -- December Angst and Action -- Again... Real Estate in Vancouver WA has had a couple of ups an downs for December 2010. This month the Pending sales decreased by 11 units (-5.2%) while the the Sold homes went up to 222 -- reflective of the busier November activity.Of the stick-built houses and condos for sale that went pending in December, we saw both the Short Sales and the Bank Owned Homes segments capturing an ever larger percentage -- combined they were 61.0% of the total Pending Sales (54.0% last month). The foretold 3rd Wave of Distressed Properties, combined with slightly improved short-sale approval rates and resumed Bank-Owned sales is likely the reason for the increase in the pending sales category for this segment. The chart below is a matrix representation of the highlights for homes for sale in Vancouver, WA December 2010:

The Chart below shows the current trend of home prices for Vancouver WA, compared to other Pacific Northwest cities of Seattle Washington, and Portland Oregon. - all cities are showing sliding prices, although the downward slope for Vancouver is not as steep as seen for Seattle and Portland. For home prices ... more

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