Dec. '07 vs Dec. '08 Clark County Washington Market Snapshot

Greetings! In looking at the graph above, I think to myself...wow...we are so close to last year for sales and pending sales. But please read on:

Market activity fell just short of last year's marks in December. Comparing December 2007 to December 2008, closed sales fell 4%, while pending sales dropped 2.2%. New listings, however, grew 3.8%. At December's month's rate of sales, the 4,228 active residential listings would last approximately 14.8 months.

2008 Summary: Comparing results from 2008 with 2007 shows a 9% drop in new listings. Closed sales dropped 26.9%, while pending sales fell 25%. (I recently spoke with an real estate agent in Tallahassee, FL and their house value rate has dropped 29%! So..if you're looking for that vacation house in FL, it's a great time to buy...call me! I've got a great agent friend there to assist you! Ah...sunshine and great beaches!)

The average sale price here in Clark county dropped 8.9% ($278,300 v. $305,500). Total sales volume for Clark County this year was $1.2 billion, a 38% drop from last year's $1.9 billion.

But, on another note...we are heading into spring and summer and real estate movement always get better in that cyclical part of the year. Last month we had 17.9 months of inventory just sitting waiting for a buyer. And now in January, Vancouver shows a big drop in inventory. Vancouver now has 14.8 months now.

There's never a bad time to buy good real estate! Please call me if I can be of service to you or your family!

I promise to professionally support and assist all your referrals in Washington state and outside Washington too! Thank you!!

What is your home worth in today's market? Call me, I can research it for you! I love assisting clients to find their dream home whether it is for investment in a custom home, short sale, relocation, rental, bank owned sale...quick, smooth sales and purchases are managed for you, contract to close. Maximize your profits in real estate in Camas, Washougal and Vancouver, Washington today! Creating wealth through investing in real estate is a strong way to financial freedom...and that's what we all want, right?!

Jill Watts
Keller Williams
360-852-1689