Short Sales and foreclosures in Camas, WA

By
Real Estate Broker/Owner with ViewHomes of Clark County - Nature As Neighbors

Short sales and foreclosures in Camas, WA

Short Sales in Camas, WAIf you’re looking for a short sale in Camas, Washington, it’s slim pickings. There are only 8 short sales currently listed as active in the Camas, WA real estate market at the end of November 2012.

Prices range from a low of $179,000 for a 2 bedroom, 2 bath home in the Greens at Deer Creek, to a  high of $450,000 for a 4 bedroom, 3.1 bath view home located on Livingston Mountain.

Short Sales have been selling in Camas, WA

There are 38 short sale pendings - meaning they are seller signed contracts awaiting 3rd party approval, 12 short sale pendings - meaning they have 3rd party approval, and 19 that have closed within the last 3 months.

Bank owned properties for sale in Camas WA

Camas Homes for SaleIf you’re interested in looking for a REOs or foreclosures, which are “bank owned” properties, there are only 4 currently listed for sale in Camas.

Prices range from $90,000 for a turn of the century bungalow on Ash Street, to $203,000 for a 4 bedroom, 2 bath home located at Trout Court.

There are 5 pending and 8 foreclosed properties that have sold within the last three months.


It’s possible that we’ll see more short sales and foreclosures on the market once again when banks release some of their inventory. The so-called “shadow inventory” is hard to document and until the banks are willing to be more transparent, it’s anyone’s guess.

The good news, in addition to the few distressed properties for sale in Camas, WA, there are many other great values. It’s always  important to have a knowledgable guide to help you navigate the market.

Feel free to give me a call anytime to discuss your particular real estate needs. In addition, The Carl Group has a full-time short sale negotiator and consultant. Our advice and guidance is a complimentary service. 

 Begin your search for great values in Camas, WA now.

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Rainmaker
5,380,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many markets are seeing a much reduced inventory of distressed properties.  This is one of the reasons that prices are rising. This is the kind of information that home buyers need to know.

Be sure to have your camera in hand to capture the special moments during the holiday season.

Nov 29, 2012 12:39 AM #1
Rainer
49,551
Ingrid Rothweiler
HomeSmart Realty West - Carlsbad, CA
REALTOR - (951)541-3680

It's interesting to read about the market in Camas, WA as a former Washingtonian/Oregonian.  In Temecula, CA there is a shortage of inventory, as well.  Do you also work in Woodland, WA or primarily in the Camas area?

Nov 29, 2012 12:41 AM #2
Rainmaker
1,180,860
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Debb-This just shows that when looking for a home it's best to contact an agent who knows where the deals are to be had. Well done. 

Nov 29, 2012 12:47 AM #3
Ambassador
1,850,686
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Great seasonal photo Roy. Thanks for the visit - and yes, I'm seeing the shortage of inventory across the board with market reports in the Rain.

Nov 29, 2012 12:52 AM #4
Rainmaker
4,443,925
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debb,

The "so called shadow inventory" is one that is hard to document.  You are right about banks' unwillingness to disclose because of all the "bad" loans they made.  There is an agent here in Santa Barbara whose whole practice is built on short sales and REO's, and he has made a fortune doling out these properties to a large team of agents around town and out of town.  And he just manages the relationships with the lenders for the most part.  He is still thriving big time, and his numbers are huge...

The other reason inventory is down is something very few talk about.  Friends of ours were offered a job in our area with a sizable salary increase.  They would have loved to move, especially because their son would have better schools and they would enjoy the climate and the amenities here.  They were so excited as we were to have them close by.  Then they realized that their present home was worth was they had paid for it 10 years ago, even with all the beautiful improvements they had made to it.  If they sold it, they would not have any equity with which to buy a new home here.  I know of  many out there in that situation who can afford the mortgage they are presently paying, but their home value has been reduced to 0 to very little equity.  In another situation, we know of someone whose home is worth half of what they paid for it, and they cannot do a short sale, because the husband works for a company that handles government contracts. His job would be terminated.  They can afford to keep paying the mortgage on the home, but cannot move.  A

 

Nov 29, 2012 12:55 AM #5
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debb - Your market is very similar to ours, with not much short sale or REO inventory currently. We've never had a lot of those anyhow, even in the lowest ebb of the market, but I'd guess we don't have a huge number of upside-down home owners either, since values here just flattened, rather than crashing.

Nov 29, 2012 01:59 AM #6
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Debb, Buyers and investors looking for this type of property need to have a good agent keeping a watch out for them.

Nov 29, 2012 02:10 AM #7
Rainmaker
2,302,722
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Debb: It is great to see other parts of the country also experiencing low REO and short sale opportunities.  For the few available distressed properties in Camas WA, buyers would be prudent to call you for their real estate needs.

Nov 29, 2012 02:10 AM #8
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Debb,  Sounds like distressed properties are dwindling in your area.  That is great news.

Nov 29, 2012 03:19 AM #9
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. 4Terra Land Brokers .. 828-776-0779 Asheville NC
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Hi Debb~

At least your clients will have the benefit of an accomplished professional to assist them - should they choose to navigate the REO and Short Sale possibilities.

Nov 29, 2012 04:54 AM #10
Rainmaker
2,050,768
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi Debb,

You are exactly correct as who has any idae as to the "Shadow Inventory". Katy is pretty much like your Market with not that many Short Sales or Foreclosures and really no absoilute bargains. Good blog ..

Nov 29, 2012 05:37 AM #11
Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Ingrid, delightful to meet you. No, I try to specialize in the East County, Camas Washougal and Fishers Landing. But I do work as far north as Ridgefield.

Adrian - right on.

Alexandra. Honestly, that's kind of where we are right now. We are interested in making a move, and we can easily afford our home, but we've lost so much value - it makes little sense to move at this time - it would be hard to justify.

Nov 29, 2012 05:59 AM #12
Rainmaker
1,071,590
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Debb-Had to stop over not only to say HI but help give you a few points as you only need 22 more for something. Do you know what? I do. Smiling. Also it is good to know there aren't a lot of short sales in your area.

Nov 29, 2012 06:42 AM #13
Rainmaker
4,079,154
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debb, it is great to hear the distressed properties arena is diminishing, and hopefully home values will continue to increase, and the need for short sales will be over.

Nov 29, 2012 09:19 AM #14
Rainmaker
2,018,543
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debb,

That home looks too good to be in financial distress. Let's hope the right buyer comes along and can bring new life into that gorgeous home.

 

Nov 29, 2012 04:18 PM #15
Rainmaker
3,174,160
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Debb, Buyers need to make quicker decisions to be able to purchase the few remaining distressed properties in Camas WA and to call you to work as their Realtor during the process!

Nov 29, 2012 11:08 PM #16
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Dick, I just hope that "shadow inventory" isn't real...I'd hate to see a bunch of distressed properties dumped on the market once things start improving...

Debbie and Anita - they can be tricky and it's often difficult to determine if these are real deals - thanks to you both for the comments and reinforcent of the importance of a Realtor to guide them.

Yes Belinda - providing it stays that way.

Thanks janeAnne - good to see you Mountain Mama. ;)

Nov 29, 2012 11:56 PM #17
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks Bob, I sure appreciate your blog today re; Stuff the Sleigh in Katy, Texas.

Sharon - thanks for the heads up - I hadn't been paying attention. Love crossing this milestone with you - and again, thank you for the wonderful write-up.

Nov 30, 2012 12:14 AM #18
Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Joan - yes indeedy.

Hi Patricia - it's not. It's a representation of the many great "other values" you can find in our market. :)

Larry and Sheila - or look at the "other" inventory this is still priced at great values. This won't last forever.

Nov 30, 2012 12:16 AM #19
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