How Active was the Market for Real Estate in La Center Washington for the month of August 2009?
On the first of September we logged into the MLS for Vancouver and La Center to obtain a quick snap-shot view of what happened real estate wise within the confines of La Center, in Clark County Washington. Here is what we have to report:
From this snap-shot view we see about the same number of Pending transactions compared to the number of SOLDS, as well as about one year's supply of inventory available at the end of the month. This month the 3rd Party + Pre-Forclosures + Foreclosures combined are about 27.1% of the Active homes listed, yet they represent about 45.5% of the homes going under contract.
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 La Center has not been spared from the general increase in distressed and foreclosed properties however, we are starting to see a leveling in that ratio overall in Clark County, which will also help La Center.
If you are looking to sell your home in La Center, Vancouver or another part of 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!
Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.
For more information, including videos on real estate and living in Vancouver Washington and the rest of Clark County, please visit:
Real Estate in Vancouver Washington
Homes for Sale in Vancouver WA
Current MLS Market Report for Camas, Vancouver and Clark County
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