Unit-Sales Jump Up With Prices Hitting Another New All-Time High for Battle Ground WA Real Estate in December 2020
Our Late-Season Surge gained strength for the last month of 2020, and we finally see a decline in Pending Sales and New Listings. With the Extremely Low Inventory Prices have had little room to move but UP! Here are the key points for this month's report:
- The 3-Month Moving Average Sales Price moved up by almost $13k and is now $516,134 which is 22.87% higher than last year; with the 12-Month Moving Average now at $475,525 or, 15.28% compared to last year.
- The Inventory level for Resale Homes Fell 0.3 month's worth to an Extremely low 0.4 Month's of Supply.
- Approximately 53 Pre-owned Homes closed, compared to 48 Sold in 2019; an increase of 5 homes (+10.4%).
- REO/Bank Owned property sales were 1 units (1.67% of total); up from 0 (0%) for the same month in 2019.
- Short Sale /Pre-Foreclosure property sales were 1 units (1.9% of total); no change from 1 (2.1%) in December 2019.
The Average Sales Price for Battle Ground gained another $12,744 up to $516,134 this month; and increased its lead over Vancouver's price-level to $90,588!
My custom charts shown below highlight the trend for Average Number of Pre-owned Properties Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Property Sales -
Units Sold Trend December 2020
We are now in the full-swing of the seasonal slowing, with the short-term line well below its peak but not yet piercing the long-term line.
For the Average Sales price trend, short and long term I have the following:
Battle Ground Resale Home Sales -
Avg Sales Price Trend December 2020
Both the short-term and long-term trends show no slowing as they both keep moving upwards. Prices will see continued pressure to climb as smaller towns outside of the metro area are seen as safer to live in, while escaping the seemingly never ending social unrest urban residents are now faced with.
My remaining charts for this report are from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory
& Days on Market December 2020
Both New Listings and Pending Sales fell in a parallel manner; while Closed Sales actually climbed higher than last month. With Active Inventory falling strongly to such a low level we are clearly in a Strong Seller's Market.
The Average Price for New Listings actually dropped substantially from last month; withe Closed sales prices easing and actually higher than the average for new listings.
Finally, Average Days on Market rose by 2 days; and Median Days fell by 3 days. Both measures show the market to still be quite brisk.
Thank you for visiting our latest real estate sales report for Battle Ground Washington. We are glad to answer any questions you have on this market area!
PS - We Love to List and Sell Real Estate in Battle Ground! If you are thinking of selling Give us a Call! 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 Property 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 property, Give us a Call!
NOTE: Some of the popular Search Pages on our site include: Battle Ground Acreage Homes; Battle Ground Luxury Homes; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate Sales 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.