Vancouver, WA Real Estate News

By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
A Mid-Year 2019 Home Purchase is 5%+ More Affordable than Last Year in Vancouver WA! As we move into the second half of 2019, it is important to report that at least Two Changes have taken place that affect the Affordability* of a home purchase in Vancouver and Clark County Washington. The perhaps biggest change is the greatly lower home loan (mortgage) interest rates that we have this year. The graphic below shows the current interest rate for the 30 year home loan is now well below 4.0%!!!    Home Financing Rates are Way Down For Mid-Year 2019 Last year at this time the interest rate was over 4.5% which is significantly higher than today's level, and this now-lower level has made a substantial positive impact on Affordability by lowering financing costs.  The second important factor ...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
 Vancouver WA Condo Sales Warming Up for June 2019. Unit sales are the highest we've seen this year but, the volume is 5%+ units behind last year at this time. Below are the highlights for this month: The Short term Condo Sales Price (3-Month Moving Average) continued its seasonal up-tick and is now at $276,256 which is up 4.69% over the prior June; and the 12-Month Moving Average is up 11.5% from the prior year;     52 Resale Condominiums were sold in June, which is 5 fewer units sold (-8.77%) in June 2018, and 5 more than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); down from 2 (3.5% of total) in June 2018.   Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0% of total) in 2018. The increase to Inventory moved up 0...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Home Sales for Vancouver WA Picked up the Pace, with Prices Moving Up in June 2019 With half the year behind us Home Sales in Vancouver WA improved the unit-sales and producing a new high for closed sales. These are the highlights for this month: 426 Residential Resale Properties closed this month, which is 13 Fewer (-2.96%) than the same month last year.   The 3-Month Moving Average Price Trend Line is moving upwards and hit another new high, with a year-over-year gain of 3.17% ; with the 12-Month Moving Average up 5.96%.  Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 in June 2018 (0.45% of total). REO/Bank Owned home sales were 2 units (0.47% of total); compared to 4 units in June 2018 (0.91% of total).  The Active Inventory for Resale Residential...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
 Condo Sales Looking for Stability in Vancouver WA for May 2019. Unit sales are down from the same month last year but, the volume has been high enough to keep the long-term trend level. Here are the highlights for this month: The Short term Condo Sales Price (3-Month Moving Average) continued its seasonal up-tick and is now at $273,880 which is up 2.86% over the prior May; and the 12-Month Moving Average is up 12.32% from the prior year;     47 Resale Condominiums were sold in May, which is 7 fewer units sold (-12.96%) in May 2018, and 1 more than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); no change from 0 (0% of total) in May 2018.   Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0% of total) in 2018. The incre...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Real Estate Sales for Vancouver WA Remain at a Slower Pace, with Prices Up Slightly in May 2019 Five months into this year we see Real Estate Sales in Vancouver WA are showing a new price-high, with a continued slower sales pace for pre-owned residential properties. Here key points for this month: 370 Residential Resale Properties were sold this month, which is 37 Fewer (-9.1%) than the same month last year.   The 3-Month Moving Average Price Trend Line is moving upwards and actual hit a new high for this element, while showing a year-to-year gain of only 1.7% ; with the 12-Month Moving Average up 6.6%.  Short Sale /Pre-Foreclosure property sales were 1 units (0.27% of total); down from 4 in May 2018 (0.98% of total). REO/Bank Owned home sales were 2 units (0.54% of total); compared to...
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By Todd Clark, Principle Broker Oregon
(eXp Realty LLC)
Click here to see ALL photos $399,000 3015 SE 156th Ave Vancouver, WA  98683 3 beds 2 full, 1 partial baths 2,221 sq ftMLS #: 19476008   Single Family Home You'll feel right at home in this fantastic 55+ golf community. Plenty of room for entertaining & your overnight guests. Bright & Open kitchen with easily accessible storage, pantry, island, counter space & all appliances stay. Master suite has slider to back yard, large closet, double sinks, shower & jet tub. Two large bedrooms upstairs, one with amazing view from attached sun room. Ample storage. Close to Shops & 20 minutes to PDX. Property Features Property Type: Single Family Home Sub Type: Single Family Residence Listing Status: Active County/Area: Clark County Zip Code: 98683 Year Built: 1990 Elementary School: Riverview Middle...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Mixed Results for Condo Sales for April 2019 in Vancouver WA. Unlike the sluggish sales last month we see a much better number of closed sales. These are the key points for this month's report: The Short term Condo Sales Price (3-Month Moving Average) finally rose this month and is now at $264,126 which is up a mere 1.81% over the prior April; and the 12-Month Moving Average is up 13.09% from the prior year;     46 Resale Condominiums were sold in April, which is 1 more units sold (2.2%) than in April 2018, and 2 more than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); down from 1 (2.2% of total) in April 2018.   Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0% of total) in 2018. Inventory continued moving up adding...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Home Sales Prices are Clearly Weakening; with Unit-Sales Slowing for Vancouver WA in April 2019 With four months into this year the data for Home Sales in Vancouver WA is showing softer prices, and a slower sales pace for pre-owned homes. Here highlights for this month: 481 Resale Homes were sold this month, which is only 1 less (-0.2%) than the same month last year.   The 3-Month Moving Average Price Trend Line is now moving upwards but is still below the long-term trend, while showing a year-to-year gain of only 1.99% ; with the 12-Month Moving Average up 7.02%.  Short Sale /Pre-Foreclosure property sales were 0 unit (0% of total); no change from 0 in April 2018 (0% of total). REO/Bank Owned home sales were 5 units (1.04% of total); compared to 4 units in April 2018 (0.83% of total)....
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Retiring and Moving to Vancouver and Southwest Washington is on the Radar of Many Looking for Better:        Early May 2019 Weather in Southwest Washington Climate!: The Winter of 2018/2019 saw many challenges in most of the USA, with fierce Snow Storms; Wind Storms, Hail Storms; and then the tremendous flooding in the mid-West. In contrast, Vancouver and Southwest Washington saw just a few weak snow events, leaving from a trace to just a couple of inches that quickly melted away - even though we are located at a latitude slightly more to the North than that of Minneapolis-St. Paul! Of course we are known as a "Gray Capitol" for good reason - the close proximity to the Pacific Ocean ensures we have skies that are often filled with clouds, with milder temperatures at the ground-level. B...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Condo Sales Improve this Month for Vancouver WA! Unlike the sluggish sales last month we see a much better number of closed sales. These are the key points for this month's report: Short term Condo Sales Price (3-Month Moving Average) fell again (but not as much) and are now down to $249,617 which is up a scant 0.85% over the prior March; and the 12-Month Moving Average is up 15.08% from the prior year;     44 Resale Condominiums were sold in March, which is 5 more units sold (12.8%) than in March 2018, and 15 more than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); no change from 0 (0% of total) in March 2018.   Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0% of total) in 2018. Inventory moved up 0.3 months to a s...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Prices Ease Slightly, while Unit-Sales Warm Modestly in March for Real Estate in Vancouver WA We are clearly seeing a slower start to this year's real estate market "season" with unit-sales slightly lower, and average prices actually falling slightly this month! Here are some key points for Vancouver WA Real Estate Sales this month: 333 Resale Homes were sold this month, which is 20 fewer (-5.7%) than the same month in 2018.   The 3-Month Moving Average Price Trend Line is still in a downward move although not too steep, and showing a year-to-year gain of only 3.06% ; with the 12-Month Moving Average up 7.85%.  Short Sale /Pre-Foreclosure property sales were 1 unit (0.3% of total); down from 3 in March 2018 (0.8% of total). REO/Bank Owned home sales were 2 units (0.6% of total); compar...
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By Dawn Workman, Camas Real Estate Expert, MBA, 480-540-8100
(Veracity Real Estate Group, LLC)
Are you thinking of flipping a house?  The perception is quick easy money but that may not be the case.  A flipper needs to think about tax consequences, repair costs, selling fees, and unexpected things that come up.  But the biggest consideration in the finances of a flip house is what house you pick.  Here are some tips in choosing the best flip house.   In part 1 of How to buy a flip house we talked location and how location is crucial in picking a flip house.   After you have identified your perfect house to flip, have made an offer and are in agreement with the seller.  you will need to get an inspection.   2.  Get an inspection- I get it you are trying to keep your costs down and you are handy.  But, this is an investment and a business.  If you miss something major trying to sav...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Strong Drop in Condo Sales for Vancouver WA this Month! Lack of closed-sales in the higher end part of the Condo market has kept the downward slant to the sales-price curve of late. With a few high-end Pending sales will that be enough to change this trend? Here the highlights for this month's report: Short term Condo Sales Price (3-Month Moving Average) are still falling and are now down to $256,615 which is only up 3% over the prior February; and the 12-Month Moving Average is up 15.95% from the prior year;     28 Resale Condominiums were sold in February, which is 14 fewer units sold (-33.3%) than in February 2018, and 11 fewer than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); down from 1 (2.4% of total) in February 2018.   Short Sale /Pre-Foreclosure p...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Unit-Sales Slip Significantly in February with Prices Still at Higher Levels Last month's slight slow-down became a larger slow-down this month, with unit-sales numbers off over 10% from the same month last year. Here are the highlights for Vancouver WA Home Sales this month: 254 Resale Homes were sold this month, which is 40 fewer (-13.6%) than the same month in 2018.   The 3-Month Moving Average Price Trend Line is still in a seasonal downward skid, but still showing a year-to-year gain of 8.46% ; with the 12-Month Moving Average up 8.86%.  Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 in February 2018 (0.7% of total). REO/Bank Owned home sales were 1 units (0.4% of total); compared to 3 units in February 2018 (1.02% of total).  The Active Invento...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Condo Sales Come In With a Modest Softening of Prices While Units-Sold Beat Last Year's Mark With the Holiday Season behind us, the Condo market in Vancouver is heating up again. This month we see Unit Sales up; while the Average Price has softened, at least temporarily; with Inventory still critically Low. Here are some of the highlights for our report this month: Short term Condo Sales Price (3-Month Moving Average) have retreated from their prior high down to $269,941 which is still up 6.9% over the prior January; and the 12-Month Moving Average is up 16.16% from the prior year;     38 Resale Condominiums were sold in January, which is 2 more units sold (5.6%) than in January 2018, and 6 fewer than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); no change ...
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
A Mostly Typical January with Slower Sales, and Lower-than-Peak Sales Prices Relative to the most recent months the number of sales this month has not been as significantly lower than the same month in the prior year; and although the prices have retreated from the peak last summer, they are still up 8%+ from last year. We are also in an extremely low-inventory situation at the beginning of this year. Here are the key points for Vancouver's Residential Home Sales this month: 249 Resale Homes were sold this month, which is 11 fewer (-4.2%) than were sold in the same month in 2018.   The 3-Month Moving Average Price Trend Line has retreated slightly from the all-time high, showing a gain of 9.12% over the prior year; with the 12-Month Moving Average up 8.38%.  Short Sale /Pre-Foreclosure...
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By Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA
(ViewHomes of Clark County - Nature As Neighbors)
View Homes in Felida, WA with Nature as NeighborsFelida is a town in Clark County, WA that lies northwest of downtown Vancouver along the Columbia River.  Many of the homes in Felida feature views of Vancouver Lake, The Columbia River, Salmon Creek, or peaceful territorial vistas. One of its prominent natural features is the  Salmon Creek Greenway, a scenic trail in a natural preserve of streams and wetlands. It offers runners, walkers, and bicyclists sightings of deer, rabbits, raccoons and all types of migratory birds.  Here is a January Market Report for Felida:Here is the Full ViewHomes™ Market Report for Felida
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By Alexander- Slocum, Realty Team- Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Condominium Unit Sales Post Reasonable Results while Prices Ease Slightly As we close out 2018, Condominium sales came in at just under the all-time high for Sales Price; while the actual number of units sold is off 89 (-14.17%) from last year as the number of units available for sale has not kept up with Demand. Here are some of the highlights for our report this month: Short term Condo Sales Price (3-Month Moving Average) is now at $292,519 which is up 17.53% over the prior December; and the 12-Month Moving Average is up 17.34% from the prior year;     40 Resale Condominiums were sold in December, which is 4 fewer units sold (-9.1%) in December 2017, and 3 fewer than last month;   REO/Bank Owned Condominium sales were 0 units (0% of total); no change from 0 (0% of total) in December ...
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