Real Estate Sales Lagging (or, Bucking?) the County's Trend for Camas WA in March 2020
Where Clark County overall is showing a decline in unit-sales, Real Estate in Camas WA posted reasonably good results, with units-sold near the typical seasonal bottom; and prices moving up strongly hitting a new apex. Here are the key points for this month's report:
- The Short-Term Average Price Trend is moderately positive at 1.43% higher than last year ($7,829), which is a strong increase from last month; with the 12-Month Moving Average also positive at 3.64%
- The Inventory level remained the same at 1.8 months of supply for pre-owned property.
- Approximately 42 Resale Homes closed in March 2020, compared to 38 Sold in 2020; which is 4 more (10.5%) compared to last year, and 14 more than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (2.6%) 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 $555,175, which is approximately $137,059 higher than the Clark County average for this month (a strong increase from last month).
The custom Unit-Sales chart (below) I've prepared shows the Short Term and Long Term trends (number of properties sold):
Camas Resale Home Sales - Units Sold Trend March 20
The slowing in the drop of Unit Sales suggests we are at the typical yearly bottom. The Governor's of Washington and Oregon are keeping the populace at home through April so, it is quite likely unit-sales will stall for the near term.
The custom chart for Average Closed Sales Price trends is next, with the short-term hitting a new high; and the long-term trend confirming.
Camas Resale Home Sales - Average Sales Price Trend March 2020
With the State-wide first, then nation-wide shut-down of non-essential services, we are just now seeing the slowing of market action in the greater County area; and expect the Camas real estate market to follow suit very soon.
Our final graphs are from the RMLS Statistics package showing this month's results in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - March 2020
The Inventory-by-Month graph shows New Listings rocketing up; with Closed Sales moving up as well; while Pending Sales fell to a level lower than what we've seen for the past two months. Lower Pending sales will clearly cause Closed sales to fall in the upcoming months.
The middle chart shows both the Average List Price and Closed Sales price at a somewhat restrained level. It is suspected that the current state of economic shut-down has restrained the pricing goals for new listings!
Finally, the Average Days on Market fell by almost a week; and the Median fell by more than a week. With the full shut-down now in effect this two measures will likely expand.
Thank you for reviewing our Camas WA Real Estate Sales Update. Please let us know how we can help you; or, help someone you know with their Property Sale or Purchase needs in this fine community in Southwest Washington!
PS - we love to help our customers sell or buy their Camas property. Thinking of Selling or, just want to know what your real estate is worth? We offer a no-cost, no-obligation Camas WA Real Estate Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Real Estate Shoppers, and invite you to visit our page for Camas WA Real Estate 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.