Unit-Sales End the Year Strong; with Sales Prices Powering to another New High Level for Battle Ground WA Real Estate in December 2021
Battle Ground has closed out the year with a continued hot real estate market with prices rising at a 21%+ pace. The number of Unit's Sold was 13%+ higher (75 units) than last year; and ended the year with the Super Low 0.3 Month's worth of Inventory. Here are the highlights for this month's report:
- The 3-Month Moving Average Sales Price increased by approximately $22k and is now $625,650 which is 21.52% higher than last year; with the 12-Month Moving Average now at $584,763 or, 23.01% compared to last year.
- The Inventory level for Resale Homes at any one time is now at a record low, 0.3 Month's of Supply.
- Approximately 66 Pre-owned Homes closed this month, compared to 55 Sold in 2020; an increase of 11 homes (+2.0%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2020.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 1 (1.82%) in December 2020.
The Average Sales Price for Battle Ground actually moved up strongly + $22,318, ending up at $625,650 this month; and now its lead over Vancouver's price-level is $133,404!
We now show my custom chart that tracks the trend for Average Number of Pre-owned Properties Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Property Sales - Units Sold Trend December 2021
The short-term trend actually shows a great slowing in its seasonal downward move - almost stopping, in fact. The short-term line is also above the long-term line, while the County average has the two lines meeting up this month. The Long-term trend made a new high last month, and is still climbing this month.
Continuing on, our next chart shows the Average Sales Price trend, short and long term:
Battle Ground Resale Home Sales - Avg Sales Price Trend December 2021
The large upward move in the Short-term is clearly visible in the red-line; and the overall slope for the past year is quite steep. The Long-term trend is also moving up steeply with out any signs of a pause this past year.
Our final charts are from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory & Days on Market December 2021
New Listings fell strongly, while Pending Sales declined but at a slower rate than new listings; with Closed Sales rising rather strongly for the final month of the year. This combination caused Active Inventory to shrink to an all-time low of 0.3 Month's worth of Supply!
In the second graph, The Average Price for New Listings posted a relatively weak mark; with Closed Sales prices coming in strong but below their high.
Finally, Average Days on Market rose by 8 days; and Median Days also rose by 4 days ending at the relatively low 11 days level. The pace is still rather quick for this time of year, and yes, it is still a Seller's Market.
Thank you for visiting our real estate sales update for Battle Ground Washington. We are glad to answer any questions you have on this market area!
PS - We Love to List and Sell Real Estate in Battle Ground! If you are thinking of selling Give us a Call! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a Battle Ground WA Property Valuation at no-cost, no-obligation to learn your property's current value and how the listing and sales process works.
PPS - We also love to help Property Buyers looking at Battle Ground WA Real Estate For Sale . Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA properties still represent a great value in 2022. When you are ready to take the next step in purchasing a property, Give us a Call!
NOTE: Some of the popular Search Pages on our site include: Battle Ground Acreage Homes; Battle Ground Luxury Homes; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate Sales informational charts used in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Battle Ground 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 Battle Ground WA 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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