Home Sales Report Vancouver WA - December 2019

By
Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349
https://activerain.com/droplet/5lY5

Lower Unit - Home Sales with Ultra-Tight Inventory in Vancouver WA for December 2019.

December's Vancouver WA Home Sales  see prices on the rise again at a time when we expect them to be soft - since the available Inventory has been shrinking too far. Here are the important elements for this month:

  • 273 Resale Homes closed this month, which is 42 fewer (-13.33%) compared to this month last year; with 82 fewer than last month.
     
  • The 3-Month Moving Average Price Trend Line moved upward, and now at $375,466, with a year-over-year gain of 3.48% ; with the 12-Month Moving Average positive at 2.94%.
     
  • Short Sale /Pre-Foreclosure property sales were 1 units (0.34% of total); up from 0 in December 2018 (0% of total).

  • REO/Bank Owned home sales were 0 units (0% of total); compared to 2 units in December 2018 (0.6% of total).
     
  • The Active Inventory for Resale Residential Real Estate slipped 0.3 to an ultra low level of 0.8 Months of Supply.

Mortgage Interest Rates increased again a very small amount, averaging 3.72% for the month; still at an extremely low level historically.

The custom graphs below show the Number of Homes Sold (Unit-volume) trend, for both short and long term trend lines: 

Vancouver Washington Resale Home Sales December 2019 - Units Sold Vancouver WA Resale Home Sales -
 Units Sold Trend December 2019


Even though this month's closed sales were lower, the higher results in recent prior months has caused the short-term trend to peak at a higher level; and the long-term trend is now moving upwards.

The Average Sales Price trend-graph shown below, highlights the short-term line which is now strongly reversing the seasonal decline; with the long-term rising trend firming up as well:

Vancouver WA Resale Home Sales December 2019 - Average Sales Price Trends Vancouver WA Resale Home Sales - Average Sales Price Trend


While we did experience a slowing to the rising prices for our community, the strong shrinking of Available Homes For Sale has put more pressure on prices to rise; so much so, that we are seeing the short-term trend start rising much, much earlier than when we typically witness the Spring up-tick!

In December 2019 there were 24 properties (8.79%) that closed at $250,000 or less when sold. In comparison with the same month in 2018, 37 or, 11.74% of the sales were at $250k or below.  

The last charts below come from RMLS, with a mix-mode to highlight real estate sales results for Unit Sales, Average & Median Prices; and Days on Market:

RMLS Charts of Vancouver WA Resale Home Sales Trends in December 2019 Vancouver Resale Home Sales Inventory & Days on Market Trends


In the first graph New Listings, Pending Sales and Closed Sales all moved lower, with new Listings less than Pending Sales, continuing to cause shrinkage in Available Inventory.      

The middle chart shows Average Prices, with the New List Price again coming in lower than last month; while Closed Sales price were at one of the strongest levels recorded.

Average Days on the Market increased by several days; while Median Days remained about the same. In all, a relatively faster-paced market than what we typically see this time of year. 


Thank you for reading our home sales report for Vancouver WA. We're happy to help you with any questions, or requests for assistance with your home purchase or sales needs in 2020! 


PS - We love to Sell Real Estate in Vancouver Washington. Are you in the market to sell your home? - the first step to take is to ask us to find out what your Home will Sell For.  We'll prepare a confidential Market Analysis and Valuation, and a road-map for the Home Selling Process.  Give us a Call - we'd love to help you out!

PPS - Home Shopping or, looking to right-size to another Home or Condo?  We wouldn't have a real estate market if there weren't home buyers, and we love to help Home Buyers!  As a part of our service we make it ease to Search all the available Homes for sale in Vancouver Washington or, separately Search all the available Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up is Not Required but recommended as you can Save your own custom search!


This report and custom charts (prepared by John Slocum Vancouver WA Listing Real Estate Broker, our resident statistician) are based on home sales posted in the Vancouver 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 Vancouver WA's real estate market.

Disclaimer: as with any 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.

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is important real estate information for home buyers and sellers in your vicinity, Alexander-Slocum.

Jan 17, 2020 07:24 PM #1
Rainmaker
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Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

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

Sara 😊

 

Jan 26, 2020 01:58 AM #2
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Rainmaker
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Alexander- Slocum

Realty Team- Vancouver WA Real Estate
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