Somewhat Weak Home Sales in Camas WA for April 2018
Home Sales in Camas WA closed the month with lower sales than in March, although above January's mark. Available Inventory moving up, while New Listings took a strong dip. Here are the April 2018 highlights:
- The Average Price Trend slid again in the short-term, with the 3-Month Moving Average at -2.82% from the year before; while the 12-Month Moving Average is up 10.16%
- The Inventory level increased again to 2.3 months for Resale Homes.
- Approximately 37 Resale Homes closed in April 2018, compared to 35 Sold in 2017; which is 2 (5.7%) more than in 2017, although 7 fewer than last month;
- REO/Bank Owned property sales were 1 units (2.7% of total); up from 0 (0%) in 2017.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2017.
The short-term Average Sales Price for a Home in Camas fell this month, and is now approximately $500,469; which is about $14,531 lower than the same element in 2017. This average price is 31.8% higher than the Clark County average.
Continuing on, our custom chart for Unit-Sales in Camas is shown below:
Camas Resale Home Sales - Units Sold Trend April 2018
At 37 units, the closed sales were higher than the same month last year but, much lower than last month. The seasonal turning point was at a higher level this year, although it took a few months to make a full move upwards.
Average Closed Sales Prices (chart below) moved downward just a bit; and the recent history has been weak enough to cause the Long-Term line to head southward:
Camas Resale Home Sales - Average Sales Price Trend April 2018
Being a smaller city, and early in the busy home sales season, it may be premature to call the trend above one that has hit strong resistance. With a rising interest rate environment, and conforming loan-limits that are too low for this city, it does help support the case of a local market that has slowed.
Lastly, we have the RMLS Statistics package highlighting several important elements for the past year in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - April 2018
The Inventory-by-Month graph shows New Listings taking an un-seasonal hit, while Pending Sales moved up nicely. Closed sales dipped as previously discussed.
The second graph shows a whopping disparity between closed sales prices and the average New Listing prices - where the average price for new listings is the highest seen in the past 12 months, if not for all time. We suspect there is a combination of inertia and over-confidence by sellers to habitually keep going on the market at ever higher prices.
The final chart shows the Average Days on Market taking both dropping down to the Hot-Season low levels we've experienced the past few years.
Thanks so much for visiting our report on real estate & home sales in Camas Washington. Please let us know how we can help you or someone you know!
PS - we love to help our customers sell their Camas Home. Thinking of Selling or, just want to know what your home is worth? We offer a no-cost, no-obligation Online Camas WA Real Estate Home Price Valuation, and invite you to try it out Today!
PPS - We Love to help Camas Home Shoppers too, and you are welcome to visit our page for Homes 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.
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.