Home Showings Slow Dramatically in Vancouver WA in Late April 2020

By
Real Estate Agent with Premiere Property Group, LLC - Vancouver Washington 88349

 Vancouver and Southwest Washington's Lockbox Openings Decline by about Half in Early April 2020!

       
Chart Showing Decline in Lockbox Openings in Early April 2020 Mid April Lockbox Openings in Southwest Washington
What this Chart Shows: In Southwest WA and Vancouver WA an extremely high percentage of the Residential Real Estate Listings are accessed by the real estate broker using a Sentri-Lock brand electronic lock-box. Every time one of these boxes is opened an event is recorded by the authentication and data system; allowing for this high-level tabulation.

This chart is set up to cover a time-interval of One Year plus at least 2 Weeks to let us see how our most recent activity level compares to the same time-frame in the prior year. Last year in April the pace was about 4,000 openings per week; while this year we are right around 2,000-per-week in the past few weeks.

This is clearly showing that the concern about being infected with this virus, and Governor's Stay at Home Order is significantly dampening the Buyer activity in our area.

Properties are now possible to view in person although several precautions must be observed. Some of the precautions are:

 - Arrive in Separate Cars;
 - Broker opens the Door(s) to allow "No touch" walk-through by 1 buyer/person at a time;
- Social Distancing rules apply;
 - Neither Buyer or Broker to have an active infection of the virus;
 - Wear a Mask;
 - All "Paperwork" to be Paperless (we use DocuSign);

There are a few other items to the overall list, and the list will likely change from time-to-time.

Also, Home Inspections and Appraisals can still be conducted; and many of the Escrow functions can be performed with minimal to no contact / office visit required.
 

By the way - Many of our listings have a video/walking tour prepared to allow you to screen the property on your phone or computer prior to visiting. Here's a current example in Steamboat Landing:

14021 SE 35th St. Vancouver WA 98683
 

Thank you for visiting our brief real estate lock-box activity report for Vancouver WA. We're glad to help you with any questions, or requests for assistance with your home purchase or sales needs in 2020! 


PS - We love to Sell Real Estate in Vancouver Washington. Are you in the market to sell your property? - the first step to take is to ask us to find out what your Property will Sell For.  We'll prepare a confidential Market Analysis and Valuation, and a road-map for the Real Estate Selling Process.  Give us a Call - we'd love to help you out!

PPS - Home Shopping or, looking to right-size to another Home or Condo?  We wouldn't have a real estate market if there weren't home buyers, and we love to help Home Buyers!  As a part of our service we make it ease to Search all the available Real Estate for sale in Vancouver Washington or, separately Search all the available Condos for sale in Vancouver WA.  We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes  and real estate listings from the entire RMLS.  Sign-up is Not Required but recommended as you can Save your own custom search!


This report and custom charts (prepared by John Slocum Vancouver WA Home Sales Broker, our resident statistician) are based on information posted in the Vancouver MLS system (RMLS).

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.

Comments (5)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Great post  Alexander- Slocum  I found it so informative as in my state we can not show homes at all so to see the information you posted was fascinating. 

Apr 30, 2020 05:48 PM
Alexander- Slocum

Hi Hannah Williams - initially our brokerage activities were stricktly limited to virtual / on-line / telephone only. Our Association and Industry had to fight hard to enable some essential activities when a broker must be present, to be allowed.

May 01, 2020 07:20 AM
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Thank you for taking the time to keep us informed and up to date. Wishing you a great weekend ahead! stay safe!

May 01, 2020 02:13 AM
Alexander- Slocum

Hi Joseph Doohan - I hope this update is helpful. Thanks for stopping by!

May 01, 2020 07:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not surprised to see these figures, Alexander. I did a post on this subject myself yesterday for the Charlotte region. Our showings were down 50+% in all areas, including those that allowed in-person showings.

May 01, 2020 05:30 AM
Alexander- Slocum

Hi Nina Hollander - thanks for sharing your findings for the Charlotte region. 50% fewer showings is better than no in-person showings. I think our customers can make their best decisions when they can physically visit the home(s) they are interested in.

May 01, 2020 07:36 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Vancouver home buyers and sellers are sure to value your real estate market report, Alexander - Slocum.

May 04, 2020 06:55 AM
Alexander- Slocum

Hi Myrl Jeffcoat - Vancouver WA is certainly going through changing and challenging times in the real estate market. Glad you like our report and thanks for stopping by!

May 04, 2020 05:05 PM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

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

Sally

 

May 05, 2020 08:40 PM
Alexander- Slocum

Hi Sally Crane glad you like our update and thanks for stopping by!

May 06, 2020 07:29 AM