Condos for sale in Vancouver WA - August 2021 Report

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

A Modest Easing for Unit Sales; With Sales Price Up Slightly for Vancouver WA Condos in August 2021.


Although Unit's Sold eased from last month, they posted the Second-Highest number we've recorded ever. Prices stopped their slide, and the short-term trend is matching the rise of the long-term trend-line. Active Inventory remains stubbornly below one-month's worth of Supply. Here are the key points for this month:

  • The Short term Condo Sales Price (3-Month Moving Average) gained just under $5k and is now at $329,533; which is up 4.99% compared to the prior August; and the 12-Month Moving Average is at 11.78% compared to the prior year;
       
  • 82 Resale Condominiums were sold, which is up 28 units compared to August 2020, and 9 fewer than last month;
     
  • REO/Bank Owned Condominium sales came in at 2 units (2.44% of total); up from 0 (0% of total) in August 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 actually fell slightly to 0.7 month's-worth-of-supply.       

Next up we have my custom chart illustrating the Unit-Sales for the Vancouver Condo market Units-Sold trends - both short-term and long-term:
 
Vancouver Washington Condo Sales August 2021 - Units Sold Vancouver WA Resale Condo Sales - Units Sold Trend August 2021
With two of the highest-ever one-month posting for unit-sales, the short-term trend is still moving up strongly; with the long-term trend at a new high but showing signs of slowing.   

Moving along we have my custom chart for the Average Sales Price, showing both the short-term and long-term trends:

Vancouver WA Condo Sales August 2021 - Average Sales Price Trends Vancouver WA Resale Condo Sales - Average Sales Price Trend

The short-term line has stopped its sliding and is now essentially matching the long-term line. Given the strength of the overall housing market we did not expect much more in the way of negative movement in this indicator at this time.

The final charts for this report show Unit Sales, Average & Median Prices; and Days on Market results (from RMLS chart-tools):

Charts of Vancouver WA Condo Sales Trends in August 2021 Vancouver Condo Sales Inventory & Days on Market Trends

Inventory-by-Month shows New Listings and Pending Sales both declining and ending near the same mark; with Closed Sales also declining but ending at a higher mark than the other two.

The middle graph shows Closed Sales Prices slightly down from last month; with New Listings Average Price higher than the Closed price level.

The final  graph shows a 4-Day increase in the Average Days on Market; with the Median Days on Market moving up 1 day. The market is still quite brisk by historical standards but currently we may be starting to see some slowing.

Thank you for viewing our Condos 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:

Real Estate in Vancouver WA - August 2021 Report



PS
- We love to help Condo Owners Sell their home. This market segment is still very popular, and now is a great time to call to get started with a Market Value for your Vancouver WA Condo, and to learn more on how the sales process works in this fast-paced market.

 PPS - I also love to help Condominium Buyers!  Contact us at your earliest convenience and discuss your interests and timing.  We'll be glad to set you up with an Automated Search program in RMLS or, you August visit the Condominiums For Sale in Vancouver WA page at our website, where we have endeavored to make it Easy for you to search by Neighborhood for Condos, with listings for condos from the entire RMLS. Some of the favorite Neighborhood Searches include Condominiums for sale on the Vancouver WA Waterfront; Condominiums for sale in Downtown Vancouver Washington, Vancouver Washington Luxury Condominiums for sale.  


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.

Comments (2)

Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi John and Kathryn,

Thank you for sharing this real estate market report. 

Buyers and sellers in your area will find value in this report. 

Wishing you continued success.

Bob

Sep 29, 2021 06:26 PM
Alexander- Slocum

Hi Bob Crane - glad you like our update on Condo Sales in Vancouver Washington. Thanks for stopping by and commenting!

Oct 04, 2021 04:29 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Sep 29, 2021 09:58 PM
Alexander- Slocum

Hi Myrl Jeffcoat - it has certainly been a wild condo market in Vancouver WA and I do hope these market reports are helping many sellers and buyers. Thanks for reviewing our report and commenting!

Oct 04, 2021 04:30 PM