Vancouver WA Condos For Sale - November 2021 Report

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

Continued Easing for Unit Sales; With Sales Price Continuing to Rise Slightly for Vancouver WA Condos in November 2021.


Although Unit's Sold have been sliding, we are still in record territory overall for the year. Prices for the short-term trend is matching the rise of the long-term trend-line. Active Inventory slides to an extremely low 0.3-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 $338,270; which is up 14.16% compared to the prior November; and the 12-Month Moving Average is up 13.28% compared to the prior year;
       
  • 62 Resale Condominiums were sold, which is down 9 units compared to November 2020, and 25 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 November 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 sunk to 0.3 month's-worth-of-supply.       

Next 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 November 2021 - Units Sold Vancouver WA Resale Condo Sales - Units Sold Trend November 2021
Even though unit-sales are now decreasing seasonally, both the short-term trend and the long-term trend are showing we've hit a record number of unit sales overall this year.   

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

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

The short-term line is below its peak but is now rising, matching the long-term line. Prices in this segment have risen strongly this year but, not as strong as the overall market. Thus, we expect at least a modest price rise for this segment for the near term.

Our remaining 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 November 2021 Vancouver Condo Sales Inventory & Days on Market Trends

Inventory-by-Month shows New Listings, Pending Sales and Closed Sales all declining. The result being a decrease in available inventory.

The middle graph shows both Closed Sales Prices and New Listings Average Price posting strong marks this month.

The final  graph shows a 4-Day decrease in the Average Days on Market; with the Median Days on Market declining by 2 days. The market has remained quite brisk by any historical standards.

Thank you for visiting 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:

Vancouver WA Homes For Sale - November 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 November 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)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 16, 2022 04:16 AM
Alexander- Slocum

Hi Myrl Jeffcoat - glad you like our report on Condos for sale in Vancouver Washington!

Jan 25, 2022 09:04 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Jan 26, 2022 07:07 AM
Alexander- Slocum

Hi Kristin Johnston - REALTOR® - glad you like our report for Vancouver WA Condosand thanks for stopping by!

Jan 26, 2022 09:15 AM