Looking More Like a "Normal" Market for Camas WA Home Sales in August 2016
Relative to the brisk pace of sales for the rest of Clark County WA Home Sales in Camas WA have looked more like a more normal market profile, with the price-rise not too brisk. Here are some of the August 2016 highlights:
- Prices Indexes are moving slower in the positive direction, with the 3-Month Moving Average Up 1.04% ; while the 12-Month Moving Average went up 5.11% for the same time-period.
- The Inventory level for Resale Homes moved up to 2.7 Months - compared to 1.8 Months available in neighboring Vancouver WA.
- Approximately 46 Resale Homes closed in August 2016, compared to 71 Sold in August 2015; clearly a big change, although last year's result was the highest sales number seen in many years for one month.
- REO/Bank Owned property sales were 1 units (2.2% of total); no change from 1 (1.4%) in 2015.
- Short Sale /Pre-Foreclosure property sales were 1 unit (2.2% of total); no-change from 1 (1.4%) in 2015.
The current short-term Average Sales Price for a Home in Camas is now about $120,000 higher than the same measurement for Vancouver. This price "hurdle" is likely causing many home buyers to end up with a purchase in the less-expensive neighboring area.
The Distressed Property category (Foreclosures and Short Sales) are both showing very low-levels of activity. This is truly a big change from a short 4 years ago!
Next up will be our charts for Camas Home Sales shown below:
Camas Resale Home Sales - Units Sold Trend August 2016
Both trend-lines shown above are clear that the summer sales season for Camas is nowhere near as strong as it was in 2015. Clark County results are also "flattening" but, have not shown the decrease yet like we see here.
Another sign of change is that the short-term Average Price peaked in the Spring instead of peaking in July or August, as shown below.
Camas Resale Home Sales - Average Sales Price Trend August 2016
Next in line are three charts that have been created from the RMLS market statistics program to show the market action for pre-owned homes in the Camas WA market area:
Camas Resale Home Sales Inventory & Days on Market - August 2016 The top chart shows how June was strong for Closings however, both July and August look like the Winter season months!
The second graph shows how Closed prices are not showing much upward momentum.
The final graph shows the Average and Median Days on Market (DOM), and that the pace of sales Slowed considerably for August.
Thanks for reviewing our report. Stay tuned as we keep track of the Camas real estate scene - will it go Sideways, Down or, maybe find renewed strength and continue upward?
PS - Please visit our page for Real Estate for sale in Camas WA , where 16 neighborhood searches are set up, such as: Homes for sale in Lacamas Shores, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA, Property listings are from the entire RMLS.
PPS - 2016 is seeing the market move into record-setting territory for Camas WA area. If you are thinking of Selling or, just want to know what your home is worth - we offer a no-cost, no-obligation Online Camas WA Home Valuation, and invite you to try it out Today!
The Camas Real Estate charts in this report (prepared by Camas WA Real Estate Broker John Slocum, our resident statistician) are based on home sales recorded in the Camas MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in the Camas real estate market.
Disclaimer: as with any real estate statistics, we always do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.
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