Condominium Sales Report Vancouver WA - November 2019

By
Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349
https://activerain.com/droplet/5lHG

 Sales Results Firm Up for Vancouver WA Condos in November 2019.


Unit sales this month matched last year's results. In addition, upward revisions by RMLS to previous results show Unit-Sales to be almost "caught up" to last year's year-to-date level. Average Sales Price also firmed up, no doubt owing to a low-Inventory level. Here are the main points for this month:

  • The Short term Condo Sales Price (3-Month Moving Average) moved up strongly this month from last month; but now down about $19k from last year to $276,504 which is -6.45% compared to the prior November; with the 12-Month Moving Average also in negative territory at -2.03% compared to the prior year;
       
  • 46 Resale Condominiums were sold, which is the same number of units sold  in November 2018, and only 2 fewer than last month;
     
  • REO/Bank Owned Condominium sales are still at 0 units (0% of total); no change from 0 (0% of total) in November 2018.
     
  • Short Sale /Pre-Foreclosure property sales were also still at 0 units (0% of total); no change from 0 (0% of total) in 2018.
The Inventory level fell quite a bit, this time 0.3 months-worth, ending the month at 1.4 months-of-supply.       

The custom charts I've posted below show the Unit-volume trends - both short-term and long-term:
 
Vancouver Washington Condo Sales November 2019 - Units Sold Vancouver WA Resale Condo Sales - Units Sold Trend November 2019
As short-term line heads towards the long-term line, we see the long-term trend holding steady - a sure sign the number of units-sold has been catching up.

My next custom chart shows Average Sales Prices, with the short-term trend making a late-season reversal and going upwards!:

Vancouver WA Condo Sales November 2019 - Average Sales Price Trends Vancouver WA Resale Condo Sales - Average Sales Price Trend

This "Consolidation" phase for average sales prices has been showing us a fair amount of up-and-down action. With the Available Inventory at such a low level we expect to see more firming and a resumption of the longer-term upward trend.

The final charts show Unit Sales, Average & Median Prices; and Days on Market results (from RMLS chart-tools):

Charts of Vancouver WA Condo Sales Trends in November 2019 Vancouver Condo Sales Inventory & Days on Market Trends

Inventory-by-Month shows Pending Sales, New Listings and Closed Sales dropping - the combination of these three elements ensured Active Inventory would fall substantially.

The Price graph shows both the New Listings Average Price and Closed Sales moving upwards strongly.

Both the Average Days on the Market and Median Days on Market rose strongly but, with the volume level it is a reflection of the market "clearing out" older listings - in essence a reasonably good sign this month
.

Thank you for viewing our Condominium Sales Report for Vancouver WA.  I'm glad to answer your questions or comments on this type of home; and would love to assist you in Selling or Buying your Condo!

Like to see more like this?  Then you may like:

Vancouver WA Real Estate Sales Report for November 2019




PS
- We love to help Condo Owners Sell their home. This market segment is still very popular, and now is a great time to call to get started with a Market Value for your Vancouver WA Condo, and to learn more on how the sales process works in this fast-paced market.

 PPS - I also love to help Condominium Buyers!  Contact us at your earliest convenience and discuss your interests and timing.  We'll be glad to set you up with an Automated Search program in RMLS or, you November visit the Condominiums For Sale in Vancouver WA page at our website, where we have endeavored to make it Easy for you to search by Neighborhood for Condos, with listings for condos from the entire RMLS. Some of the favorite Neighborhood Searches include Condominiums for sale on the Vancouver WA Waterfront; Condominiums for sale in Downtown Vancouver Washington, Vancouver Washington Luxury Condominiums for sale.  


The statistical charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condominium Listing Broker John Slocum, our resident statistician) are based on condo sales recorded in the Vancouver MLS system (RMLS), excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Condominium market.

Disclaimer: as with all real estate statistics, we 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.
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Washington Clark County Vancouver
Groups:
Washington's Wet News
Market Updates
Portland Metro Real Estate
Local Expert
Market Reports
Tags:
vancouver wa condominium sales expert
condominium sales in vancouver wa
condominium realtor in vancouver wa

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
342,251
Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these properties. 

Nick

Dec 17, 2019 10:36 AM #1
Rainmaker
2,683,095
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This real estate market data will be valuable to condo home buyers and sellers in  Vancouver.

Dec 17, 2019 08:27 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
520,571

Alexander- Slocum

Realty Team- Vancouver WA Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information