Condo Sales Report Vancouver WA - December 2019

By
Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349
https://activerain.com/droplet/5m7P

 Prices Spike While Unit Sales Fall for Vancouver WA Condos in December 2019.


Extremely low Available Inventory is one of the reasons prices have been rising strongly, and causing lower Unit sales this month. This market needs more condos for sale, and more newly constructed condos. Here are the main points for this month:

  • The Short term Condo Sales Price (3-Month Moving Average) moved up strongly this month by about $14,000; reducing the gap from last year to about- $3,222 which is -1.1% compared to the prior December; with the 12-Month Moving Average also in negative territory at -2.25% compared to the prior year;
       
  • 35 Resale Condominiums were sold, which is down 9 units compared to December 2018, and 13 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 December 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 dropped, 0.6 months-worth, ending the month at 0.8 months-of-supply.       

I have prepared the custom charts below illustrating the Unit-volume trends - both short-term and long-term:
 
Vancouver Washington Condo Sales December 2019 - Units Sold Vancouver WA Resale Condo Sales - Units Sold Trend December 2019
The  short-term line is now well below the long-term line, with the long-term trend holding stead - to slightly rising. Clearly this is a popular category of home in this area.

The next chart shows Average Sales Prices with the short-term trend still shooting upwards strongly!:

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

At this point we are confident that the price action will consistently move upwards again, absent any major underlying change in the overall Economy.

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

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

Inventory-by-Month shows New Listings and Closed Sales dropping; while Pending Sales held steady - the combination of these three made certain Active Inventory took a huge hit.

The Price graph shows both the New Listings Average Price and Closed Sales at high levels.

The Average Days on the Market fell by a few days, and Median Days on Market rose by a few days. Not unseal to see mixed action at this time of year.
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Thank you for viewing our Condo 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 Home Sales Report for December 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 December 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.
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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate the updates as always. Have a great weekend!

Jan 31, 2020 06:32 AM #1
Rainmaker
2,678,767
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Jan 31, 2020 04:12 PM #2
Rainer
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Tracy Hawke, The Woodland Companies!
Woodland Management Service - Minocqua, WI
Wisconsin Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

 

Feb 01, 2020 11:33 PM #3
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Rainmaker
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Alexander- Slocum

Realty Team- Vancouver WA Real Estate
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