Closed Unit-Home-Sales Easing for the Season; While Sales Prices Popped Another New High for Camas WA in January 2021
Now in the middle of the Winter Season, we have a typical a decrease in the number of Homes Sold; yet, the lack of Active Inventory, resale Home Sales Prices have posted another new high. Here are the key points for this month:
- The Short-Term Average Price Trend popped up about $11k+ and is 21.45% higher than last year ($114,243); with the 12-Month Moving Average now strongly positive at 12.45%
- The Inventory level is now at the super low 0.3 month's of supply for resale homes.
- Approximately 29 Resale Homes closed in January 2021, compared to 32 Sold in 2020; which is 3 fewer (-9.38%) compared to last year, and 21 fewer than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (3.13%) in 2020.
- Short Sale /Pre-Foreclosure property sales were 1 units (1.9% of total); up from 0 (0%) in 2020.
The Average Sales Price is now at $646,846, which is approximately $176,065 higher than the Clark County average for this month.
Next up I have prepared a custom graph to illustrate the number of homes sold (Unit-Sales); providing Short Term and Long Term trends:
Camas Resale Home Sales - Units Sold Trend January 2021 We now see short-term unit-sales below the long-term line; while the long-term line has risen to a new all-time high.
My next graph below shows the Average Closed Sales Price Trend:
Camas Resale Home Sales - Average Sales Price Trend January 2021 The super-low Active Inventory for resale homes, along with record low interest rates have kept up the pressure on home sales prices, to be sure!
My final graphs come from the RMLS Statistics package showing this month's results in a mixed-line-bar-graph format:
Camas Resale Home Sales Inventory & Days on Market - January 2021 The Inventory-by-Month graph shows both New Listings and Pending Sales moved up strongly; while Closed Sales fell as we've previously mentioned.
The middle chart shows the Average List Price posting a crazy-high mark owing to an "elephant" (very-high-priced) luxury property being listed; while the Closed Sales price posted a new high-mark.
Finally, the Average Days on Market fell by 5 days; while the Median had no change at 5 days - both markers are telling us the market in Camas is moving very quickly.
Thank you for visiting homes for sale report for Camas WA. We'd love to know how we can help you; or, help someone you know with their Home Sale or Purchase needs in this fine community in SW Washington!
PS - we love to help our customers sell or buy their Camas home. 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 Home Sales charts in this report (prepared by Camas WA Home Sales Realtor 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.
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