Condominium Sales Report Vancouver WA - January 2020

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

 Rapid Price Rise Continues with an Up-tick in Unit Sales for Vancouver WA Condos in January 2020.


We enter the new year with increased interest in Condos across almost all price tiers, although we are still plagued by abnormally low Available Inventory. Rapidly rising prices is a natural result. Here are the highlights for this month:

  • The Short term Condo Sales Price (3-Month Moving Average) continued its strong upward move this month by almost $6,000; which is +10.34% compared to the prior January; with the 12-Month Moving Average in negative territory at -0.36% compared to the prior year;
       
  • 49 Resale Condominiums were sold, which is up 7 units compared to January 2019, and 14 more than last month;
     
  • REO/Bank Owned Condominium sales are still at 0 units (0% of total); no change from 0 (0% of total) in January 2019.
     
  • Short Sale /Pre-Foreclosure property sales were also at 0 units (0% of total); down from 1 (2.4% of total) in 2019.
The Inventory level dropped, 0.1 months-worth, ending the month at 0.7 months-of-supply.       

The custom charts below have been created to show the Unit-volume trends - both short-term and long-term:
 
Vancouver Washington Condo Sales January 2020 - Units Sold Vancouver WA Resale Condo Sales - Units Sold Trend January 2020
The  short-term line this month has arrested the Fall-Winter decline by going sideways. There may be a good chance this will rise next month with strong Pending sales posted this month.

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

Vancouver WA Condo Sales January 2020 - Average Sales Price Trends Vancouver WA Resale Condo Sales - Average Sales Price Trend

Although the slope (rate of change) in the price increase has lessened this month, it is still quite strong especially for this time of year.

These 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 January 2020 Vancouver Condo Sales Inventory & Days on Market Trends

Inventory-by-Month shows all components; New Listings, Pending Sales and Closed Sales rising nicely; although Active Inventory slipped 0.1 Month.

The Price graph shows New Listings Average Price coming in at one of the higher levels for the past 12 months;  and Closed Sales came in slightly below the level seen the past two months.

The Average Days on the Market vaulted to over 60 days (once considered a normal interval in the "normal" years) as "older" listings have finally sold; with Median Days on Market falling by about a week . We'll likely see the Average DOM fall lower in the upcoming months.
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Thank you for visiting my 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 January 2020




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 January 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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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 28, 2020 02:39 PM #1
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Rainmaker
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Alexander- Slocum

Realty Team- Vancouver WA Real Estate
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