May Real Estate Market Snapshot for Vancouver and Clark County Washington

How Active is the Market for Real Estate in Vancouver and the rest of Clark County Washington in May 2009?

This early morning of June 1, 2009 we logged into the RMLS system to get a quick snap-shot of what happened in the Vancouver and surrounding real estate market scene. Here's what we found:

Listings Total 3rd Party* REO*
ACTIVE 3,909 930 168
PENDING* 514 123 109
SOLD*. 321 59 73

On a Percentage Basis this works out as follows:

Listings Total 3rd Party* REO*
ACTIVE 100% 23.8% 4.3%
PENDING 100% 23.9% 21.2%
SOLD*. 100% 18.4% 22.7%

From this snap-shot view we can see that volume of home buying has increased, and the transactions involving REOs and those requiring 3rd Party approval - combined are about 30% of the homes listed, yet are now only 45% of the properties going under contract. The message we see for both Buyers and Sellers of homes in Vancouver and Clark County is that motivated home shoppers are including all eligible properties, and not just those based solely on price! Call or e-mail us to see how your individual situation fits into the current market.

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Definitions:
3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
REO = Real Estate Owned, which means a Bank Owned Property.
PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days.

For more information, including videos on real estate and living in Vancouver Washington and the rest of Clark County, please visit:

Real Estate in Vancouver Washington

Homes for Sale in Vancouver WA

Current RMLS Market Report for Clark County