Home Sales Match Last Year's Level for Camas WA in February 2020
Home Sales in Camas WA came in at the same units-sold level as last year, with prices moving up slightly and very close to their recent peak. Here are the highlights for this month's report:
- The Short-Term Average Price Trend is moderately positive at 2.41% higher than last year ($12,643), which is a slight increase from last month; with the 12-Month Moving Average also positive at 3.22%
- The Inventory level jumped up by 0.7 months to 1.8 months of supply for pre-owned property.
- Approximately 28 Resale Homes closed in February 2020, compared to 28 Sold in 2020; which is 0 more (0%) compared to last year, and 4 fewer than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (3.6%) in 2019.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2019.
The Average Sales Price is now at $537,700, which is approximately $124,405 higher than the Clark County average for this month (a small increase from last month).
Our custom Unit-Sales chart (below) shows the Short Term and Long Term trends (number of properties sold):
Camas Resale Home Sales - Units Sold Trend February 20
Unit Sales are showing the late winter(slow) season plunge towards the yearly bottom. With the Pandemic effect not yet in play statistics-wise, this downward trend will no doubt look different this year. The long-term trend will likely ease back as well.
The Average Closed Sales Price trends-chart is next, with the short-term resuming a positive direction; with the long-term trend confirming.
Camas Resale Home Sales - Average Sales Price Trend February 2020
With the Pandemic just starting to affect the local market, we expert the Price levels to remain in this zone for a month more.
The remaining graphics come from the RMLS Statistics package showing this month's results in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - February 2020
The Inventory-by-Month graph shows New Listings and Pending Sales matching each other; with Closed Sales matching last year's level although at the lowest mark for the past 12 months.
The middle chart shows the Closed Sales price at a record high posting; with the Average List Price with an extremely high (also a record) posting. We doubt this situation will last much longer!
Finally, both the Average Days on Market and the Median fell by many days; reflective of the market heating up but, prior to the Pandemic effect.
Thank you for reviewing our Camas WA Home Sales Report. Please let us know how we can help you; or, help someone you know with their Home Sale or Purchase needs in this fine community!
PS - we love to help our customers sell or buy their Camas home or condo. Thinking of Selling or, just want to know what your home is worth? We offer a no-cost, no-obligation Camas WA Home Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Home Shoppers, and invite you to visit our page for Camas WA Homes for sale , where 16 neighborhood searches are set up, such as: Lacamas Shores Homes for sale, 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 Home Sales 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.