Unit Sales Show Seasonal Slowing with Continued, although Slower Price Rise for Vancouver WA in September 2021.
Heading into the traditionally slower time of the year we still see relatively strong Unit-Sales with still-rising prices; with Low Active Inventory. Mortgage rates remain moved up slightly to 2.9% Real estate Prices in Vancouver WA slowed their rise to $3k above last month (up 17%+ year-over-year). Here are the highlights for this month:
- 517 Resale Residential Properties closed this month, which is 39 more (8.16%) compared to the same month last year; and 1 more than last month.
- The 3-Month Moving Average Price Trend rose to a new high, and is now at $490,787, with a year-over-year gain of 17.26% ; with the 12-Month Moving Average at 17.14%.
- Short Sale /Pre-Foreclosure property sales were at 0 units (0% of total); no change from 0 in September 2020 (0% of total).
- REO/Bank Owned property sales were 1 unit (0.19% of total); no change from 1 unit in September 2020 (0.21% of total).
- The Active Inventory for Resale Residential Real Estate ends the month at a unreal-low level 0.4 Month's worth of Supply!
Interest Rates for residential real estate loans remained below 3.0% again to an average of 2.90% for the month - up from 2.89% last year.
Next we have my custom chart showing the Number of Properties Sold (Units-sold-volume) trend, for both short and long term trend lines:
Vancouver WA Resale Real Estate Sales -Units Sold Trend September 2021
This month the short-term line has peaked at a new all-time high, and is now, although slightly, trending down. The long-term line is at another new all-time-high while still rising.
Active Resale Inventory is at 0.4 Month's worth - clearly buyers are still snapping up nearly every available home coming onto the market.
Continuing on my custom Price-trends chart showing the short-term and the long-term trend lines:
Vancouver WA Resale Real Estate Sales - Average Sales Price Trend
The short-term trend is in its second month at a slower pace, and hit a new high; while the long-term trend is also at a new high and still rising strongly.
In September 2021 there were 30 properties (5.80%) that closed at $300,000 or less when sold. In comparison with the same month in 2020, 66 or, 13.81% of the sales were at $300k or below.
These final charts are from RMLS, in a mix-mode format showing results for Unit Sales, Average & Median Prices; and Days on Market:
Vancouver Resale Real Estate Sales Inventory & Days on Market Trends
The first graph, Inventory-by-Month, shows New Listings and Pending Sales easing slightly; with Closed Sales moving up by 1 unit. With Pending Sales remaining relatively strong, and matching New Listings, it keeps Available Inventory very low.
For the second graph, the Average Prices for Closed Sales and New Listings are still strong, and show little change from the past recent months.
Average Days on the Market remained at the still brisk 15 days; while Median Days moved up only 1 day to 6-days.
Thank you for visiting our home sales report for Vancouver WA. We're glad to help you with any questions, or requests for assistance with your home purchase or sales needs in latter part of 2021!
PS - We love to Sell Homes in Vancouver Washington. Are you in the market to sell your property? - the first step to take is to ask us to show me what My Property is Worth. We'll prepare a confidential Market Analysis and Valuation, and a road-map for the Real Estate Selling Process. Give us a Call - we'd love to help you out!
PPS - Home Shopping or, looking to right-size to another Home or Condo? We wouldn't have a real estate market if there weren't home buyers, and we love to help Home Buyers! As a part of our service we make it ease to Search all the available Real Estate for sale in Vancouver Washington or, separately Search all the available Condos for sale in Vancouver WA. We've put much custom work in to make it Easy for You to search by Neighborhood or by Category, with Homes and real estate listings from the entire RMLS. Sign-up is Not Required but recommended as you can Save your own custom search!
This report and custom charts (prepared by John Slocum Vancouver WA Real Estate Sales Broker, our resident statistician) are based on home sales posted in the Vancouver 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 Vancouver WA's 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.
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