Real Estate Market Report for Washougal, WA - Fall 2013
Daylight Savings triggers more than just turning back the clock – it signals the beginning of the holiday season with a flurry of activities through the end of the year. It also marks a slowdown in the housing market, but if past experience is any indicator, we will still see a steady stream of activity.
Market activity in Clark County was higher again last month over this time last year. The average sale price was up 14.1% ($246,100 v. $215,700) over 2013 and the median sale price was up +16.4% ($220,000 v. $189,000). Inventory is still low at only 4.7 months.
This is an excellent time to purchase a home in Washougal, WA with interest rates still at record lows. Washougal offers excellent recreational with a lower cost of living. There is a limited inventory, however, which means sales of homes with the most desirable qualities move quickly.
Real Estate Snapshot for Washougal, Washington - Fall 2013
The reason for the shortage of sales is the shortage of homes - only 3.1 months of inventory is available. Homes are now selling after an average 65 days on market and a median of 35 days on market.
Washougal, WA offers an extensive array of available homes, with 163 listings currently on the market, ranging in price from $99,900 to $989,000 and provides substantial choices in location, size, style and amenities. Of those in active listing, only 3 are bank-owned, and only 1 is a short sale, which shows a decline in distressed properties. The average List price in the area is $ 345,000, and the median is $329,900.
Call me today for a more comprehensive look at the homes available in Washougal. Or, if you're considering selling your home, it may be a very good time. You'll have less competition, and with the current low inventory, buyer's will easily find you. Homes in good condition, and priced competitively, continue to sell well.