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Distressed Properties in Clark County, Washington - Not the only game in town.

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Industry Observer with Nature As Neighbors

Many of my clients assume the only listings in Clark County are Distressed Properties - short sales and bank owned. That's not accurate, they aren't the only game in town. In fact, the local RMLS just released the statistics for all Distressed Residential Properties in the first quarter of 2012.

 

According to the RMLS, this is the break down for Clark County when comparing percentage share of the market 1st quarter of 2011 to 1st quarter of 2012.

  • First quarter of 2011 to 2012, distressed sales as a percentage of new listings decreased by 4.6% (39.7% v. 35.1%).
  • First quarter of 2011 with the same period in 2012, distressed sales as a percentage of closed sales increased by 0.3% (47.8% v. 48.1%).
  • Short Sales comprised 23.8% of new listings and was down 0.6% from 2011. However, the percentage of sales rose from 17.1%  in 2011 to 20.4%  in 2012, a 3.3% rise.
  • Bank Owned properties comprised 11.3% of new listings and 27.7% of sales in 2012, down 4.0% and 3.0% from 2011, respectively.

Distressed Properties in Clark County, Washington

Distressed Properties in Clark County, Washington

If you're looking for a great deal in Clark County, Washington, there are many non-distressed properties to choose from, as well as, Distressed Properties - short sales and bank owned. If you're not sure if you're short sale material - here's a quick link with more information.

Discuss the pros and cons of purchasing a short sale or a bank owned property with a knowledgeable and experienced Short Sale Expert. There are still a number of Distressed Properties for sale in Clark County Washington, just remember, they aren't the only game in town.
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Debb Janes  Bernie Stea
Brokers/REALTORS®
Call or Text 360-608-4900

We help buyers and sellers in Camas, Washougal, Brush Prairie/Hockinson, Salmon Creek, Felida, and other Vancouver, Washington Areas. 

We bring our passion for nature and beautiful environments to Real Estate. Multigenerational and family estates, country land and homes, and small farmsteads are our speciality.


We agree with our clients, "The true luxury of rural living is having elbowroom for the soul.

 

Comments(13)

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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Debb, your pie charts and raw numbers and percentages tell the accurate picture with regard to distressed properties in your area. When they start declining more the perception that they are dominant will go away.

May 08, 2012 01:07 AM
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Debb - I'm not a Realtor, but I've always dreamed of buying a distressed home and flipping it. Who knows, someday I might do that instead of just staging and designing! Hope we're all still on for September at Fishhawke Lake with our wonderful friend Gayle!

May 08, 2012 01:19 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Debb,

Your presentation is clean, crisp and clear!

Your professionalism shines through clearly on this one!

When it comes to buying or selling, only a TRUE PROFESSIONAL, such as yourself makes the difference!

May 08, 2012 01:36 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

It is good to see these numbers isn't it.  There is so much perception that the Short sales and the Bank owned rule the market.

May 08, 2012 01:54 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Debb,

This is a good method to pass on to consumers that not all properties are distressed. You still have a difficult market to deal with even though the distressed portion is decreasing.

May 08, 2012 02:21 AM
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Debb-That is a great breakdown of your activities. It clearly shows what is what.

May 08, 2012 03:16 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debb - Very nice market report and very interesting data - it looks like you're making some progress clearing the distressed segment of the market and are on the road back to normalcy.

 

May 08, 2012 04:02 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debb,

I second all the kudos on your presentation and your focus on the WHole Market, rather than a section of it.  People often tend to get fixated on what the media is pushing at the moment.  Have a great Tuesday.  A

May 08, 2012 04:57 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Debb a great breakdown on Distressed Properties in Clark County, Washington - Not the only game in town.

May 08, 2012 05:03 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Debb: This is a good Clark County WA market report...if consumers incorrectly believe that distressed properties are all that is available, this blog will dispel that myth.

May 08, 2012 06:18 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
Debb-good job letting people know that the market is not totally driven by foreclosures. Sometimes rumors circulate and it is up to competent real estate professionals to set the record straight.
May 08, 2012 09:58 AM
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Debb, great graphs and explaination of your market conditions. You share that there are many opportunties for all!

May 08, 2012 10:47 AM
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Hey Debb, it looks like your market is continuing to improve. How awesome! Have a super evening!!

May 08, 2012 03:07 PM
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Debb Janes and Bernie Stea have been a real estate team for over a decade in Clark County, WA, where they specialize in ViewHomes™, family estates, multi-generational living, and homes with large lots or acreage.

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