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Clark County Real Estate Market Snapshot for the month of June 2009

By John Slocum

Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349

July 02, 2009 04:29 AM

How Active is the Market for Real Estate in Clark County Washington for the month of June 2009?

This early July morning we logged into the RMLS system to obtain a quick snap-shot view of what happened real estate wise within the confines of Clark County. Here is what we have to report:

Clark County Washington Real Estate Market Report

From this snap-shop view we see an almost 10% increase in the number of Pending transactions over last month, as well as a modest decrease in the number of total Active listings available at the end of the month. This month the 3rd Party + PreForclosures + Foreclosures combined are about 29.4% of the Active homes listed (about 30% last month), yet are about 41.3% of the homes going under contract (abuot 45.1% last month).

Key items we are looking for in a market turnaround are not just an increase in the number of transactions but, an increase in the non-PreForeclosure / Foreclosure category. In our opinion we are starting to see very positive improvement in that direction!

If you are looking to sell your home in Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!

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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) PreForeclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!