Closed Unit-Sales Keep Sliding; With Sales Prices Shooting Up to another High this month for Camas WA Real Estate in August 2021
Once again we see prices 30%+ higher than last year, and $200k higher than about a year ago. We are also seeing a slowing in Pending Sales, and a slight easing in New Listings. Mortgage Interest rates however, remain below 3.0%. Here are the highlights for this month:
- The Short-Term Average Price Trend shot-up approx. $43k to $772,977; which is 33.68% higher than last year; with the 12-Month Moving Average also very strongly positive at 24.50%
- The Inventory level is Still below one-month's worth at 0.8 month's of supply for pre-owned properties.
- Approximately 54 Resale Properties closed in August 2021, compared to 63 Sold in 2020; which is 9 fewer (-14.29%) compared to last year, and 12 fewer than last month;
- REO/Bank Owned property sales were 0 units (0% of total); down from 1 (1.59%) in 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2020.
The Average Sales Price is now at $772,977, which is approximately $222,309 higher than the Clark County average for this month. While County-wide the prices are up. while Camas prices shot up higher & faster!
Next we have my custom chart showing the number of pre-owned properties sold (Unit-Sales); highlighting the Short Term and Long Term trends:
Camas Resale Real Estate Sales -
Units Sold Trend August 20
The short-term line is showing the down-trend in closed sales; and appears to have peaked for the season (this can turn-around, however!). The long-term trend line is also showing a stronger-than-typical downward move.
Next up is my Average Closed Sales Price chart showing how high and quickly prices have risen for this market.
Camas Resale Property Sales - Average Sales Price Trend August 2021
Recently when it appeared the price rise had stopped, and perhaps peaked for the season; the strong demand combined with the capability to close the transactions at these higher prices - has pushed prices to a much higher level.
Our final charts are from the RMLS Statistics package showing this month's results in a mixed-line-bar-graph format:
Camas Resale Property Sales Inventory & Days on Market - August 2021
The Inventory-by-Month graph New Listings easing slightly from last month; with Pending Sales and Closed Sales continue their downward move.
The second chart shows the Closed Sales price hitting its all-time high-mark; and the Average List Price posted another very high mark.
Finally, the Average Days on Market jumped up 12 days - to 21 days total which may indicate slowing in this market. Median Days on Market rose by 1 day up to 5 days - which is the 9th month in a row where this element was no more than 4 or 5 days.
Thank you for reviewing our real estate sales update for Camas Washington. Please let me know how we can help you; or, help someone you know with their real estate Sale or Purchase needs in this fine community in SW Washington!
PS - we love to help our customers sell or buy their Camas property. Thinking of Selling or, just want to know what your real estate is worth? We offer a no-cost, no-obligation Camas WA Property Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Real Estate Shoppers, and invite you to visit our page for Camas WA Real Estate 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 Real Estate charts in this report (prepared by Camas WA Real Estate Sales Broker 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 information and statistics, we always do our best to provide the most accurate representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.