Unit-Sales Slump while Prices Edge-up but stop just below their Recent All-Time High for Battle Ground WA Real Estate in February 2021
Extreme lack of Active Inventory (now at 0.5 Month's worth of Supply) constrains unit-sales in the early months of 2021. Sales prices have been in a narrow range the past 3 months. Here are the key points for this month's report:
- The 3-Month Moving Average Sales Price moved up by almost $4k and is now $514,289 which is 16.42% higher than last year; with the 12-Month Moving Average now at $481,949 or, 16.34% compared to last year.
- The Inventory level for Resale Homes came in at the Extremely low 0.5 Month's of Supply.
- Approximately 22 Pre-owned Homes closed, compared to 27 Sold in 2020; a decrease of 5 homes (+18.5%).
- REO/Bank Owned property sales were 1 units (1.67% of total); no change from 1 (3.7%) for the same month in 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in February 2020.
TThe Average Sales Price for Battle Ground gained another $3,689, ending up at $514,289 this month; and now its lead over Vancouver's price-level is $73,828!
I have prepared a custom chart shown below to show 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 February 2021b>
WeWe are likely near the end of the seasonal slowing - at least on a County-level view. I expect the "bottom" for this year will be measurably higher than the mark for the past few years.
The next custom chart shows the Average Sales price trend, short and long term:
Battle Ground Resale Home Sales -
Avg Sales Price Trend February 2021strong>
Short-term and long-term trends both show slight slowing while they are still moving upward. With available housing in such short supply; and interest rates are still in the low 3% range, we expect prices to remain high and rising for the near term.
My final charts are from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory
& Days on Market February 2021strong>
BoBoth New Listings and Pending Sales rose modestly at the same rate; while Closed Sales fell and posted the lowest mark for the past 12 months. Low Active Inventory is still signaling we are in a Strong Seller's Market.
The Average Price for New Listings and Closed sales prices both posted record high marks this month.
Finally, Average Days on Market remained unchanged at 37 days; and Median Days rose by 1 day. Both measures confirm the seller's market condition.
Thank you for visiting my latest real estate sales report for Battle Ground Washington. We are glad to answer any questions you have on this market area!
PSstrong> - 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 2021. 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.