50% Higher Unit Sales from Last Year; with the Average Sales Price Continuing its Slide for Vancouver WA Condos in June 2021.
Unit sales are still very strong compared to last year. However, with fewer Luxury Condo sales, this segment's Sale Prices are now well below this segment's high. Here are the key points for this month:
- The Short term Condo Sales Price (3-Month Moving Average) fell about $19k and is now at $327,424; which is up 10.83% compared to the prior June; and the 12-Month Moving Average is at 14.73% compared to the prior year;
- 75 Resale Condominiums were sold, which is up 25 units compared to June 2020, and 3 fewer than last month;
- REO/Bank Owned Condominium sales came in at 0 units (0% of total); no change from 0 (0% of total) in June 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0% of total) in 2020.
The Active Inventory level remained at the still-very low 0.8 month's-worth-of-supply.
Next we have a custom chart showing the Unit-Sales for the Vancouver Condo market Units-Sold trends - both short-term and long-term:
Vancouver WA Resale Condo Sales - Units Sold Trend June 2021
The short-term trend is now in its highest level; while the long-term line adds another month of moving upwards in new-high territory.
Following on is my custom chart for the Average Sales Price, showing both the short-term and long-term trends:
Vancouver WA Resale Condo Sales - Average Sales Price Trend
Here we see a continuation of the price-slide that started recently. This may largely be due to so few Luxury condos on the market this year compared to last year, causing the near-term trend to consolidate. Long-term however, we are still in record-high territory.
These final charts show Unit Sales, Average & Median Prices; and Days on Market results (from RMLS chart-tools):
Vancouver Condo Sales Inventory & Days on Market Trends
Inventory-by-Month shows New Listings jumping up strongly; with Pending Sales making a nice but less-vigorous rise; while Closed Sales slid by several units this month.
The middle graph shows Closed Sales Prices decreasing; with New Listings Average Price a coming in stronger than most recently but not a new high.
The final graph shows a 2-Day decrease in the Average Days on Market; with the Median Days on Market remaining at the ultra-low 4 Days! Clearly signaling a Strong Seller's Market.
Thank you for visiting our Condo Sales Report for Vancouver WA
. We'll be glad to answer your questions or comments on this type of home; and would love to assist you in Selling or Buying your Condo!
Like to see more like this? Then you might like: Vancouver WA Real Estate Sales - June 2021 Report Battle Ground WA Real Estate Sales - June 2021 Camas WA Real Estate Sales - June 2021 Report
The statistical charts for Vancouver WA Condos in this report (prepared by Vancouver WA Condo Specialist Broker John Slocum
, our resident statistician) are based on condo sales recorded in the Vancouver MLS system (RMLS), excluding sales of newly constructed condos; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. The "smoothing" of the relatively sparse-data helps to better illustrate the short-term and longer term trends in Vancouver's Condominium market.
Disclaimer: as with all 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.