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Homes For Sale in Vancouver WA Again Sees More Buyers with a slight increase in Sellers...

Real Estate in Vancouver WA for the third straight month has seen excellent action with Pending Sales moving up about 3.7% over the prior month (44% increase in March!); with a modest 2.3% increase in the total Active listings. Average home sale prices stayed about the same as last month, as we are still digesting a relatively large segment of inventory in the Distressed Property categories.

Of the single-family houses and condos for sale that went pending in May, we saw both the Short Sales and the Bank Owned Homes segments capturing 41.7% of the market; a slightly higher number than last month; but still much lower than December's 61.0% of the total Pending Sales, and March's 45.2%.

The chart below is a matrix representation of the highlights for homes for sale in Vancouver, WA May 2011:

While the level of Active homes is showing a slight increase, the volume of Pending Sales again picked up nicely. The table below shows the most recent three months of activity for comparison purposes (right-click on the image to see the enlarged view).


The Charts below shows the past 12 months trend of home prices and sales volume for Vancouver WA. For home prices to start going up, we will typically first see a meaningful AND sustained increase in the number of homes purchased in both Vancouver and the other major Pacific Northwest cities. Although there had been increases in home buying activity for the past three months, we are cautious about the results to expect for this summer.


In our opinion we have positive improvement in several areas: including a Decrease in the relative weight of the Distressed Properties; Relatively stable prices; and Improved Volume these past three months. In response to RMLS and newspaper reports discussing lower sales volumes for both March and April, both of these outlets Fail to mention that last year the Federal Home Buyers Tax Credit incentive was in full swing, which very much distorted any such comparisons. Thus, we are somewhat bullish on the current trends when the tax credit stimulus is discounted from the comparison.

If you are looking to sell your home in Vancouver WA, and Clark County Washington in this Opportunity Market please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!

Some of the major parts of town you may want to look for include Homes in Downtown Vancouver, The Heights Homes, Orchards Homes, Cascade Park Homes, Fishers Landing Homes For Sale, Evergreen Homes, Hazel Dell Homes For Sale , Felida Homes and Salmon Creek Homes.

The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
-------
Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.

• Clark County and Vancouver WA Real Estate | Market Update Report for May 2011
• Vancouver WA Real Estate | Market Report for May 2011
• Battle Ground Real Estate | Market Report and Statistics for May 2011
• Camas WA Real Estate | Market Report and Statistics for May 2011
• La Center WA Real Estate | Market Trends and Statistics May 2011
• Ridgefield WA Real Estate | Market Trends and Statistics - May 2011
• Washougal WA Real Estate | Market Report for May 2011

• Clark County and Vancouver WA Real Estate | Market Update Report for April 2011
• Vancouver WA Real Estate | Market Report for April 2011
• Battle Ground Real Estate | Market Report and Statistics for April 2011
• Camas WA Real Estate | Market Report and Statistics for April 2011
• La Center WA Real Estate | Market Trends and Statistics April 2011
• Ridgefield WA Real Estate | Market Trends and Statistics - April 2011
• Washougal WA Real Estate | Market Report for April 2011

The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at Vancouver WA REMAX . We hope you enjoy the information in our posts, including videos on real estate and Homes for sale in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this challenging market? We have the passion and insight for selling homes to get you moving!

For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver WA Real Estate. If your interest is in foreclosures, pre-foreclosures (short sale homes) ; and when looking for Bank Owned Homes in Vancouver Washington we have our website set up for you to easily search for each of these categories!

PS - Nobody sells more homes than RE/MAX. Look to the Alexander ~ Slocum Team
for your Vancouver WA real estate! These are other popular recent searches on our website:

Camas WA Real Estate
Luxury Homes Vancouver WA

Homes For Sale in Vancouver WA See More Buyers and Sellers...

Real Estate in Vancouver WA has seen good action this past month with Pending Sales jumping up about 25% over the prior month; with a modest increase in the total Active listings. Home buyers were treated with interest rates dropping lower (to around 4 3/4% for the benchmark 30-year fixed rate loan) during the month, and also respecting the firming up of prices.

Of the single-family houses and condos for sale that went pending in February, we saw both the Short Sales and the Bank Owned Homes segments capturing 49% of the market; a high number to be sure but, a welcome decrease from December's 61.0% of the total Pending Sales.

The chart below is a matrix representation of the highlights for homes for sale in Vancouver, WA February 2011:

The Chart below shows the current trend of home prices for Vancouver WA, compared to other Pacific Northwest cities of Seattle Washington, and Portland Oregon. - all cities are showing sliding prices, and the downward slope for Vancouver appears to have halted, with the past several weeks showing a horizontal direction. For home prices to start going up, we will typically first see a meaningful AND sustained increase in the number of homes purchased in both Vancouver and the other major Pacific Northwest cities. Although there had been modest levels in home buying activity for the early part of this year, we are continuing to see the seasonal lower volume and softer prices at this time of the year.

If you are looking to sell your home in Vancouver WA, and Clark County Washington in this Opportunity Market please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!

Some of the major parts of town you may want to look for include Homes in Downtown Vancouver, The Heights Homes, Orchards Homes, Cascade Park Homes, Fishers Landing Homes For Sale, Evergreen Homes, Hazel Dell Homes For Sale , Felida Homes and Salmon Creek Homes.

The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
-------
Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.

Current Vancouver WA Real Estate Market Reports:

• Clark County and Vancouver WA Real Estate | Market Update Report for February 2011
• Vancouver WA Real Estate | Market Report for February 2011
• Battle Ground Real Estate | Market Report and Statistics for February 2011
• Camas WA Real Estate | Market Report and Statistics for February 2011
• La Center WA Real Estate | Market Trends and Statistics February 2011
• Ridgefield WA Real Estate | Market Trends and Statistics - February 2011
• Washougal WA Real Estate | Market Report for February 2011

Previous Vancouver WA Real Estate Market Reports:

• Clark County and Vancouver WA Real Estate | Market Update Report for January 2011
• Vancouver WA Real Estate | Market Report for January 2011
• Battle Ground Real Estate | Market Report and Statistics for January 2011
• Camas WA Real Estate | Market Report for January 2011
• La Center WA Real Estate | Market Trends and Statistics January 2011
• Ridgefield WA Real Estate | Market Trends and Statistics - January 2011
• Washougal WA Real Estate | Market Report for January 2011

The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at Vancouver WA REMAX . We hope you enjoy the information in our posts, including videos on real estate and Homes for sale in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this challenging market? We have the passion and insight for selling homes to get you moving!

For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver WA Real Estate. If your interest is in foreclosures, pre-foreclosures (short sale homes) ; and when looking for Bank Owned Homes in Vancouver Washington we have our website set up for you to easily search for each of these categories!

PS - Nobody sells more homes than RE/MAX. Look to the Alexander ~ Slocum Team
for your Vancouver WA real estate! These are other popular recent searches on our website:

Camas WA Real Estate
Luxury Homes Vancouver WA

Homes For Sale Vancouver WA See More Healing and Hope...

Real Estate in Vancouver WA has been through a lot of healing in the past 12 months. This January the Pending sales decreased by 97 units (-4.6%) from January 2010; and the Sold homes were off 42 units. -- reflective of the busier activity last year from the now-expired Home Buyer Tax Credit.

Of the single-family houses and condos for sale that went pending in January, we saw both the Short Sales and the Bank Owned Homes segments capturing a smaller percentage at 48%; a welcome decrease from last month's 61.0% of the total Pending Sales.

The chart below is a matrix representation of the highlights for homes for sale in Vancouver, WA January 2011:

The Chart below shows the current trend of home prices for Vancouver WA, compared to other Pacific Northwest cities of Seattle Washington, and Portland Oregon. - all cities are showing sliding prices, and the downward slope for Vancouver is clearly not as steep as seen for nearby Portland or, even Seattle to the north. For home prices to start going up, we will typically first see a meaningful AND sustained increase in the number of homes purchased in both Vancouver and the other major Pacific Northwest cities. Although there had been modest levels in home buying activity for the early part of this year, we are continuing to see the seasonal lower volume and softer prices at this time of the year.

If you are looking to sell your home in Vancouver WA, and Clark County Washington in this Opportunity Market please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Clark County Home Sold!

Some of the major parts of town you may want to look for include Homes in Downtown Vancouver, The Heights Homes, Orchards Homes, Cascade Park Homes, Fishers Landing Homes For Sale, Evergreen Homes, Hazel Dell Homes For Sale , Felida Homes and Salmon Creek Homes.

The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
-------
Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.

Current Vancouver WA Real Estate Market Reports:

• Clark County and Vancouver WA Real Estate | Market Update Report for January 2011
• Vancouver WA Real Estate | Market Report for January 2011
• Battle Ground Real Estate | Market Report and Statistics for January 2011
• Camas WA Real Estate | Market Report for January 2011
• La Center WA Real Estate | Market Trends and Statistics January 2011
• Ridgefield WA Real Estate | Market Trends and Statistics - January 2011
• Washougal WA Real Estate | Market Report for January 2011

Previous Vancouver WA Real Estate Market Reports:

• Clark County and Vancouver WA Real Estate | Market Update Report for December 2010
• Vancouver WA Real Estate | Market Report for December 2010
• Battle Ground Real Estate | Market Report and Statistics for December 2010
• Camas WA Real Estate | Market Report for December 2010
• La Center WA Real Estate | Market Trends and Statistics December 2010
• Ridgefield WA Real Estate | Market Trends and Statistics - December 2010
• Washougal WA Real Estate | Market Report for December 2010

The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at Vancouver WA REMAX . We hope you enjoy the information in our posts, including videos on real estate and Homes for sale in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this challenging market? We have the passion and insight for selling homes to get you moving!

For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver WA Real Estate. If your interest is in foreclosures, pre-foreclosures (short sale homes) ; and when looking for Bank Owned Homes in Vancouver Washington we have our website set up for you to easily search for each of these categories!

PS - Nobody sells more homes than RE/MAX. Look to the Alexander ~ Slocum Team
for your Vancouver WA real estate! These are other popular recent searches on our website:

Camas WA Real Estate
Luxury Homes Vancouver WA

Investment Real Estate Purchase Opportunities Abound in Vancouver Washington in 2011

Many opinions are floating around these days about the Recovery we are now in; how fast it will take off; how fragile or durable it may be; and what real estate opportunities exist for the person looking to purchase a home to live in or to own as an investment property?

For the Vancouver Washington Real Estate Market, prices have Over-Corrected, to where we are now seeing price levels not seen since 2003 or earlier. The number of transactions for residential real estate (Vancouver houses and condos) has also dropped to levels not seen in at least five years.

OK, so what signs are we seeing that the Vancouver market is in recovery? Here are a few of today's observations:

1. The Clark County Population grew by about 15,000 in 2010, and the pace of new construction has been at a historically low level;
2. The Price Trend is soft near term, and Stronger in the positive direction going further out;
3. Investors are Extremely Active in the Vancouver Market Today.
4. Retirees have "Found" Vancouver as a great destination to relocate to.
5. First Time Buyers are still active and a strong segment without the Tax Credit incentive program.

The estimated population growth for Clark County was about 23% of the total estimated growth for Washington State. Several contributing factors we see why this area has such relative strength include: lower cost of living when compared to Seattle and Puget Sound; slightly more favorable climate; a rebounding economic base. This growth combined with a historically low level of new home construction could easily absorb any perceived excess inventory of homes.

The price trend in the last stage of any real estate cycle will almost always be in a soft and perhaps downward direction. This makes perfect sense as it takes sustained increases in demand relative to the supply to overcome the inertia in the price calculus. As you can see in the chart below the slope of the price trend for Vancouver and Clark County is less than that for nearby Portland and Seattle to the north. It is very likely that Vancouver and Clark County got hit sooner by the recession, and have been working through the excess longer and thus, positioning this market into the recovery phase sooner.

Example Vancouver WA Investment Real Estate Purchase in January 2011

The Vancouver home in the above photo was a VA Compromise Sale (VA's version of a short sale), and by VA rules required it to be Apprasied by an approved Appraiser, then sold at "market value." The investor acquired this 2005 home for $74 per sqft, 4 bedrooms, 2.5 baths, nice fenced back yard backing to a Park. From another perspective, this home sold for 40% lower than its high-sales price in 2008.

This particular investment property (rental home) is already rented with very good positive cash flow. We also expect this investor to have minimal near term risk on the value of the asset decreasing; with substantial upside potential in the neighborhood purchased in.

What are the Prime Targets for the Real Estate Investor Today?

1. Bank Owned Homes - also known as REO's (Real Estate Owned), and Foreclosed Homes.
2. Short Sale Homes - also known as pre-foreclosures that are listed in the Vancouver MLS.
3. Multi-Family Homes - this includes Duplexes, Tri-plexes and Four-plexes.

All of the above targets have seen considerable activity in Vancouver and Clark County over the past year, and continues to be a key element in our local recovery.

If you have an interest in investing in the Vancouver Washington real estate market, we would love to hear from you!

Some of the places on our website you may get started with include:

• Bank Owned Homes in Vancouver Washington
• Short Sale Homes in Vancouver Washington
• Duplex and Multi-Family Properties in Vancouver Washington

 Call or email me today or follow my blog today for the latest market information and statistics for Vancouver WA, Downtown WA, and Arnada WA Real Estate listings. You can also subscribe to monthly reports for Heights in Vancouver WA and other coveted neighborhoods in Clark County and surrounding areas by clicking here and typing "subscribe to monthly reports" in the subject line.





 

• Average Price of homes for sale and sold in Vancouver WA and Mcloughlin Heights View Homes
• Average price per square foot of sold homes in Uptown Village and Vancouver WA,  Broadmoor, Kensington Park, Simons and Rowleys Additions Downtown homes
• Months if inventory for Lincoln area of WA, Hough and Fruit Valley houses for sale
• Number of properties for sale and sold with historical data going back 12 month or more
• Days on the market for property listings in Hudsons Bay, Hidden View, Officers Row
• Sold vs. List price for Vancouver WA, Carter Park , Esther Short Park, HaOrchard Heights, Prispect Park Homes For sale
• Neighborhoods include Moody and Rothrock, Sunset View, Buena Vista, Portland Addn, Wauna Vista, Chumasero Heights, Heritage Condo, Harney Heights, Brookside, Fourth Plain Village, Cunningham, Neals Crest, Hiawatha Addn, Bouton Addn, Bagley Downs, Hidden Homestead, Fort Vancouver, Cunningham, Manor Hills, Northcrest, Columbia Orchards, St helens Terrace, Irvington, Nob Hill, River View Heights, Edgewood, Evergreen Highlands, Braewood, Far View Heights, Creston, Telocaset