Real Estate Units Sold Take Big Drop While Prices Rise for Battle Ground WA in March 2020
Unit-sales for real estate took a much bigger drop this month as the effects of the major disruptions in the State and Country have been coming to the fore. Never the less, the inertia in the rising sales-prices kept up with a new high set for this community! Here are the highlights for this month's report:
- The 3-Month Moving Average Sales Price moved up to $455,150 which is 6.94% higher than last year; with the 12-Month Moving Average now at $427,845 or, -2.63% compared to last year.
- The Inventory level for Resale Homes rose slightly to 1.5 Months (up 0.2).
- Approximately 30 Pre-owned Homes closed, compared to 43 Sold in 2019; a decrease of 13 homes (-30.2%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2019.
- Short Sale /Pre-Foreclosure property sales were 1 unit (3.33% of total); compared to 1 (2.3%) in March 2019.
The Average Sales Price for Battle Ground moved up to $455,150 this month; and now leads Vancouver's price-level by $72,877 (up strongly from last month).
I have prepared custom charts showing trends for Average Number of Pre-owned Homes Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Home Sales -
Units Sold Trend March 2020
The short term trend-line fell again and would typically be near its yearly low - which may not hold true this year with the big slow-down; while the long-term trend is continuing its mild downward direction. With non-essential services shut-down from the Governor's Stay at Home Order, we expect the volume to be much lower than we'd typically see.
Next up is the chart for the Average Sales price trend:
Battle Ground Resale Home Sales -
Avg Sales Price Trend March 2020
The Average Sales Price made another steep although positive move. The strong effect of the long-term low inventory problem has not yet been overcome by the current market shock. We expect prices to be softer in the near term.
Our final charts come from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory
& Days on Market March 2020
New Listings climbed significantly like we typically see this month; while both Pending Sales and Closed Sales rose but at a much lower rate. The combination of these three caused Active Inventory to rise by 0.2 month.
The Average Price for New Listings and the Closed sales prices came in moderately strong, and don't yet show any effects of the government's orders.
Lastly, Average Days on Market increased by about a week; and Median Days increased by several days as well. We'll want to watch these measurements over the next several months to see what the new "normal" may be.
Thank you for viewing our Battle Ground Washington real estate update. I'm glad to answer any questions you have!
PS - We Love to List and Sell Real Estate in Battle Ground! If you are thinking of selling Give us a Shout out! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a Current Battle Ground WA Real Estate Valuation at no-cost, no-obligation to learn your property's current value and how the listing and sales process works.
PPS - We also love to help Property Buyers looking at Battle Ground WA Real Estate For Sale . Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA properties still represent a great value in 2020. When you are ready to take the next step in purchasing a home or property, Give us a Call!
NOTE: Some of the popular Search Pages on our site include: Battle Ground Acreage Real Estate; Battle Ground Luxury Real Estate; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate informational charts used in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Battle Ground 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 Battle Ground WA 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.