Falling Sales Prices with Fewer Active Listings and Fewer Sales makes for a Very Challenging Market Time!This month we are clearly seeing the effect on the Vancouver WA real estate market from the continued high home loan financing rates. With far fewer Active listings than what we saw 2 or more
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11/29/2023
Home Sales Prices are Facing Headwinds; With Already Lower Unit Sales Dropping Lower.With Lower Availability of Active Listings, the Home Buyers that are capable of purchases at these high price levels have been holding up the price trend but, we are seeing signs of that capability slipping away.
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10/05/2023
Sales Prices halt their rise; while the Number of Sales Closed remains Incredibly Low.The Federal Reserve and Wall Street have continued to keep financing rates very high for home sales; which is the largest driver we know of that is keeping the number of homes sold at about 30%+ lower than we've
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09/14/2023
New Sales Price High Attained, while number of properties Sold is still Greatly Reduced!As we continue to see ever increasing interest rates for the main types of home loans, the number of Resale homes sold has remained much lower than anything we've seen in many years. (Sales of New Homes are no
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08/31/2023
Classic Ranch Home with Huge Shop and Great View! OverviewMapsPhotosDescriptionMarket Stats $729,900 Single Family Home Main Features 3 Bedrooms2 Full BathroomsInterior: 1,724 sqftLot: 0.99 acre(s)Year Built: 1968MLS #: 23147856 Location 20314 NE 87th AveBattle Ground, WA 98604USA John Slocum Pr
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08/03/2023
The Reduced Number of Home Sales is Still Seeing Rising Prices!We've been told that the US Federal Reserve's actions raised interest rates last year in general, with specific actions targeted to Mortgage / Home Loan Rates (via changing their purchase-actions related to Mortgage-Backed-Securities
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07/11/2023
Slight Decrease in Activity observed as the market approaches the July 4th Holiday.From our previous posting of a couple of weeks ago, we continue to see a decrease in New Listings; and the Average Sales Price is off about $20k. We also see that Pending Sales are off slightly as well.The decline
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07/06/2023
We are Still in the Brisk Season of the Year, according to these Real Estate StatisticsRMLS - our local MLS is the predominate provider in the Vancouver WA / Portland OR metro area, which is the bulk of the data in the graphic below:We can see that Home Sales Prices are still rising at a strong p
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06/24/2023
What a difference Higher Home Loan Rates make to Real Estate Sales in Vancouver WA!To be sure, in 2022 there was nothing subtle about the US Federal Reserve's change in policy that caused home loan rates to rapidly more than double. In the Fall of 2021 the rates were in the low 3.0%+- range; whil
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06/14/2023
Real Estate sales activity continues to show improved activity for Clark County Washington in May 2023For the Spring season months we've continued to see improvement in the key metrics (elements we measure and track) for the local real estate market I serve. The graphic below is produced by RMLS
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06/12/2023
