Real Estate Market Report for Camas Washington, January 2010
We've logged into the MLS for Vancouver and Camas early this month to obtain a quick snap-shot view of what happened real estate and home sales within the confines of Camas, in Clark County Washington. Here is what we have to report:
From this quick view we see the number of Pending transactions is up seven (7) Homes when compared to the number of homes gone Pending in the slow month of December; as well as a 6.0% increase in the number of total Active listings available at the end of the month (a decrease of 12.6% the month before). This month the 3rd Party + Pre-Foreclosures + Foreclosures combined are about 32.1% of the Active homes listed (about 32.8% last month in Camas), yet they represent about 37.7% of the homes going under contract (about 60.0% last month in Camas).
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-Pre-Foreclosure / Foreclosure category. In our opinion we are starting to see an increase in purchasing activity overall in Clark County, while distressed properties are staying the same or slightly increasing.
The Chart Below compares Camas Washington Home Sale Prices and Trends with other nearby Towns: Vancouver WA, Washougal and Portland Oregon. As you can see the average home price in Camas has dropped considerably since late June 2009 (about $75,000).
If you are looking to sell your home in Camas, 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.
The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.
Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!
For Southwest Washington homes and Real Estate in Vancouver WA visit Real Estate in Vancouver WA. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale
If your interest is in foreclosures, pre-foreclosures (short-sale homes) and Bank Owned Homes in Vancouver WA we have a special search set up for you at Foreclosures Vancouver WA.
Current MLS Market Report for Vancouver WA and Clark County
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