Mar 31, 2018 - The Clark County, Washington real estate marketplace has some unique characteristics. ... Average. Sale P
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Clark County, Washington Market Action Addition
March 2018
The Clark County, Washington real estate marketplace has some unique characteristics. There is a much higher proportion of active residential listings in Clark County that are Proposed, defined as "not yet under construction", than exists in any other RMLS™ area. This means that there are fewer homes listed as Active that are ready to move into in an immediate timeframe. The Clark County Association of Realtors®, an RMLS™ shareholder, has asked us to produce some additional statistics each month to delve more deeply into the inventory counts in Clark County. The following summary shows the number of homes available for immediate purchase and occupancy.
Total Active Listings* Reported in Market Action: Less Listings with Purchase Contingencies*: Readily Purchased Listings: Percent of Total Active Listings: Less New Under Construction (not ready for occupancy): Less New Proposed (not started): Total Readily Purchased & Occupied Listing: Percent of Total Active Listings:
Inventory in Months of Readily Purchased & Occupied Listings:
1,048 36 1,012 96.6% 97 103 812 77.5%
1.2
* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer's current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.
Source: RMLS™ Regional Multiple Listing Service, Portland Oregon
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A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington
March 2018 Reporting Period
Average and Median Sale Prices Comparing the average price of homes sold in the twelve months ending March 31st of this year ($370,200) with the average price of homes in the twelve months ending March 2017 ($334,100) shows an increase of 10.8%. The same comparison of the median shows an increase of 12.6% over the same period, from $297,500 to $334,900.
March Residential Highlights Southwest Washington had another strong month this March, with closings leading the way. At 671, closed sales outpaced March 2017 (642) by 4.5% and warmed 21.1% over last month in February 2018 (554). New listings, at 989, edged 2.6% ahead of the 964 new listings offered last year in March 2017 and increased 30.0% over the 761 new listings offered last month in February 2018. This was the strongest March for new listings in the area since 2008, when 1,212 new listings were offered.
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month.This number includes proposed and under construction homes.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Pending sales (832) outpaced March 2017 (828) by just 0.5%, but were 21.5% warmer than in February 2018 (685).
Inventory in Months* 2016 2017 2018 January 2.6 2.2 2.2 February 2.7 2.0 1.9 March 1.7 1.6 1.6 April 1.8 1.9 May 1.7 1.6 June 1.8 1.6 July 2.2 1.9 August 2.1 1.8 September 2.1 2.2 October 2.3 2.1 November 1.9 2.0 December 1.5 1.8
Average Sale Price % Change: +10.8% ($370,200 v. $334,100) Median Sale Price % Change: +12.6% ($334,900 v. $297,500)
For further explanation of this measure, see the second footnote on page 3.
Due to significant differences between the counties in Southwest Washington, the Residential Review on pages 1, 3, 4, and 5 contain Clark County data only. For data on Cowlitz County, see the Area Report on page 2, or the graphs on page 6.
2018
Clark County Residential Highlights
2017
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
March
989
832
671
389,900
341,000
64
February
761
685
554
377,800
345,000
65
2,534
2,153
1,733
379,100
342,000
62
964
828
642
352,400
316,500
67
Year-to-date
2,282
2,033
1,665
342,200
306,900
65
March
2.6%
0.5%
4.5%
10.6%
7.7%
-4.8%
Prev Mo 2018
30.0%
21.5%
21.1%
3.2%
-1.2%
-1.5%
Year-to-date
11.0%
5.9%
4.1%
10.8%
11.4%
-5.6%
Year-to-date
Change
New Listings
March
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AREA REPORT • 3/2018
SW Washington
RESIDENTIAL
20
NE Heights
21
Orchards
22
Evergreen
23
E Heights
24
Cascade Park
25
Five Corners
26
E Orchards
27
Fisher's Landing
31
SE County
32
Camas City
33
Washougal
41
N Hazel Dell
42
S Salmon Creek
43
N Felida
44
N Salmon Creek
50
Ridgefield
51
W of I-5 County
52
NW E of I-5 County
61
Battleground
62
Average Sale Price
15
E Hazel Dell
Brush Prairie
63
Closed Sales
Average Sale Price
14
Lincoln/Hazel Dell
East County
64
Closed Sales
Average Sale Price
13
SW Heights
Central County
65
Closed Sales
2
Avg. Sale Price % Change
12
NW Heights
Mid-Central County
8
4
2
3
-25.0%
12
10
25.0%
7
494,900
448,000
33
24.6%
-
-
3
180,600
66
Total Market Time
Median Sale Price
Average Sale Price
11
Downtown Vancouver
Yacolt
12
12
2
9
0.0%
4
337,000
44
26
25
19.0%
20
354,800
302,500
44
16.9%
-
-
3
220,000
70
Closed Sales
Pending Sales 2018 v. 20171
Year-To-Date
La Center
10
7
0
8
-27.3%
7
434,400
132
17
21
10.5%
20
387,100
365,900
111
7.2%
-
-
1
147,500
-
71
New Listings
Pending Sales
3
Total Market Time
Average Sale Price
MULTIFAMILY
Year-To-Date
N Central
3
4
2
6
50.0%
5
348,200
109
9
12
0.0%
5
348,200
385,000
109
20.7%
-
-
1
175,000
-
72
Closed Sales
LAND
Year-To-Date
NE Corner
2
3
1
-50.0%
0
-
-
4
1
-66.7%
0
-
-
-
-5.1%
0
-
0
-
0
-
1,048
989
177
832
0.5%
671
389,900
64
2,534
2,153
5.9%
1,733
379,100
342,000
62
10.8%
9
971,400
89
284,600
28
435,700
80
Pending Sales 2018 v. 20171
COMMERCIAL
Woodland City
9
11
1
15
400.0%
12
292,100
49
32
38
123.5%
26
280,700
281,300
66
5.0%
-
-
2
156,300
1
207,500
81
Pending Sales
Expired.Canceled Listings
Year-To-Date
Woodland Area
21
12
3
4
100.0%
1
799,000
19
11
6.4%
8
367,800
318,000
154
-7.6%
-
-
13
131,400
82
New Listings
Active Listings
Current Month
Cowlitz County
107
91
15
87
42.6%
68
279,300
81
213
227
35.9%
169
263,400
245,000
68
9.0%
-
-
29
78,000
4
367,700
Cowlitz County Total
137
114
19
106
60.6%
81
287,600
75
264
276
41.5%
203
269,700
250,000
71
5.8%
-
-
44
97,300
5
335,700
Pacific County Total
76
26
3
14
-6.7%
8
266,600
230
55
32
-34.7%
25
269,700
245,000
156
21.5%
167,000
27
54,500
87
Clark County Total
12
19
2
18
-21.7%
11
360,100
33
42
36
-23.4%
37
344,500
306,500
42
14.2%
8
17
2
18
18
2
15
-31.8%
14
16
128.6%
9
269,000
6
52
457,300
88
46
6
14
0
17
-15.0%
8
309,200
31
51
57
7
44
-15.4%
42
301,500
52
23
28
3
28
50
7
16
-20.0%
17
307,900
23
63
44
-10.2%
46
310,600
74
120
46
66
16
69
-2.8%
40
370,500
29
177
11
18
2
21
16.7%
18
342,000
60
32
37
3
31
63.2%
10
376,800
11
19
0
20
-4.8%
22
36
36
5
35
133.3%
22
12
26
3
28
7.7%
13
7
3
9
107
92
21
68
50
25
21
32
2
55
-3.5%
37
249,100
247,000
33
14.6%
-
36
20.0%
29
395,700
343,000
76
5.6%
-
32
34
-24.4%
29
318,900
306,500
45
3.4%
-
144
126
-8.0%
120
299,800
299,300
46
10.4%
54
-5.3%
44
309,700
296,300
45
11.0%
-
-
-
-
123
11.8%
95
292,300
289,900
59
7.5%
-
-
-
-
-
-
165
-8.3%
120
320,000
296,000
41
13.1%
-
-
-
-
-
-
45
51
18.6%
41
315,200
279,000
57
6.4%
-
-
1
165,000
51
74
57
0.0%
45
413,900
335,000
37
2.1%
-
-
2
700,500
308,900
15
63
57
0.0%
50
302,400
289,800
25
13.4%
-
-
3
95,000
-
-
395,700
97
99
76
85.4%
48
375,300
360,000
78
8.9%
-
-
-
-
-
-
16
347,200
41
60
62
10.7%
42
375,400
352,300
48
8.8%
-
-
-
-
-
-
350.0%
3
398,500
93
18
17
240.0%
6
421,400
379,800
97
17.0%
-
-
1
227,000
55
-14.1%
63
543,400
82
203
157
8.3%
135
527,500
460,000
88
9.3%
-
-
16
320,900
3
443,700
15
43
-10.4%
35
382,900
76
138
121
14.2%
98
407,400
398,000
78
13.0%
9
142,600
1
28
27.3%
21
397,500
78
72
69
9.5%
67
351,600
335,000
47
-3.3%
42
5
30
-30.2%
27
346,800
76
94
74
-32.7%
78
336,900
330,000
63
9.1%
43
32
6
20
-37.5%
25
503,800
97
96
80
0.0%
80
469,700
475,000
77
15.4%
96
70
8
61
45.2%
43
467,100
116
184
149
71.3%
96
443,300
449,900
76
68
59
13
33
-34.0%
30
416,800
67
144
95
-26.4%
69
411,400
387,900
4
1 -
1,207,500
1
140,000
-
4
151,200
-
2
697,500
-
-
1
154,000
-
5
197,400
1,406,300
277,000 -
1
-
435,000
-
804,500
2
87,500
1
372,500
-
-
1
200,000
1
532,000
10.0%
-
-
4
288,300
-
-
65
15.2%
-
-
1
2,900,000
-
-
-20.0%
2
453,000
40
12
6
-25.0%
5
504,200
480,000
79
14.5%
-
-
3
340,000
-
-54.5%
9
438,600
108
29
25
56.3%
22
496,700
500,000
103
0.5%
-
-
7
225,400
-
102
74
13
49
6.5%
49
345,300
39
181
133
16.7%
114
348,400
322,500
50
15.6%
-
-
11
272,500
134
95
30
93
43.1%
72
405,400
45
274
221
22.8%
170
418,200
383,700
76
8.8%
1
380,000
5
326,000
-
0
0
0
-100.0%
0
-
-
0
-100.0%
0
-
-
-
5.8%
0
-
0
-
2
1
1
-75.0%
1
510,000
179
4
5
-44.4%
4
441,700
434,900
110
3.0%
-
-
2
187,500
-
2
322,500
45,000
5
© Copyright RMLS™ 2018. All Rights Reserved.
4
353,700
4
-
490,000
2
2
-
1
4
1
-
-
-
7
-
356,900
-
3
-
5
1
8
3
528,300
-
20
-
3
4
2
-
527,500 -
0
1
300,000 -
-
-
-
-
-
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1,700
ACTIVE RESIDENTIAL LISTINGS
1,600
CLARK COUNTY, WA
1,500
This graph shows
Active Residential Listings 1,800
1,400
the active residential
1,300 1,200
listings over the past
1,100
three calendar years
1,000
in Clark County,
900
Washington.
800
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2016 1,168 1,169 1,158 1,270 1,315 1,450 1,631 1,731 1,653 1,513 1,360 1,119 2017 1,085 969 1,039 1,114 1,241 1,357 1,495 1,550 1,615 1,554 1,373 1,113 2018 1,018 1,028 1,048
NEW LISTINGS CLARK COUNTY, WA
New Listings
This graph shows the
1,400
new residential listings
1,200
over the past three calendar years in Clark County, Washington.
1,000 800 600 400 200
2016
1
2017
2018
Percent change in number of pending sales this year compared to last year. The Current Month section compares March 2018 with March 2017. The Year-To-Date section compares 2018 year-to-date statistics through March with 2017 year-to-date statistics through March.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (4/1/17-3/31/18) with 12 months before (4/1/16-3/31/17).
3
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
3
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PENDING LISTINGS
Pending Sales
CLARK COUNTY, WA
This graph represents
1,100 1,000
monthly accepted
900
offers in Clark County,
800 700
Washington over the past
600 500
three calendar years.
400 300
2016
2017
2018
CLOSED SALES
Closed Sales
CLARK COUNTY, WA 900
This graph shows the
800
closed sales over the past
700
five calendar years in Clark County, Washington.
600 2014
500
2015
400
2016
300
2017
200
2018
100 0
DAYS ON MARKET
Average Total Market Time
CLARK COUNTY, WA
160
This graph shows the
140 120
average market time for
100
sales in Clark County,
80
Washington, over the past
60
three calendar years.
40 20
2016 TMT
2017 TMT
2018 TMT
4
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This graph represents the average and median sale price for all homes sold in
SALE PRICE
Clark County, Washington
CLARK COUNTY, WA
Average and Median Sale Price $450,000 $400,000 $350,000 $300,000 $250,000
Average Sale Price
Median Sale Price
New Listings
NEW LISTINGS COWLITZ COUNTY, WA
160 140
120
This graph represents new
100
listings in Cowlitz County,
80
Washington over the past three calendar years.
60 40 20
2016
5
2017
© Copyright RMLS™ 2018. All Rights Reserved.
2018
Mar-18
Sep-17
Mar-17
Sep-16
Mar-16
Sep-15
Mar-15
Sep-14
Mar-14
Sep-13
Mar-13
Sep-12
Mar-12
Sep-11
Mar-11
Sep-10
Mar-10
Sep-09
Mar-09
Sep-08
$150,000
Mar-08
$200,000
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PENDING LISTINGS
Pending Sales
COWLITZ COUNTY, WA
130 110
This graph represents monthly
90
accepted offers over the past
70 50
three calendar years in Cowlitz
30
County, Washington.
10
2016
2017
2018
CLOSED SALES
Closed Sales
COWLITZ COUNTY, WA
100 90
This graph shows the closed
80 70
sales over the past five
2014
60
2015
50
2016
40
2017
30
2018
calendar years in Cowlitz County, Washington.
20 10 AUG
SEP
OCT
AVERAGE SALE PRICE
$350,000
COWLITZ COUNTY, WA
$300,000
$200,000
6
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Mar-18
Dec-17
Jun-17
Sep-17
Mar-17
Dec-16
Jun-16
Sep-16
Mar-16
$100,000
Dec-15
$150,000
Sep-15
County, Washington.
$250,000
Jun-15
for all homes sold in Cowlitz
Average Sale Price
Mar-15
monthly average sale price
DEC
Dec-14
This graph represents the
NOV
Jun-14
JUL
Sep-14
JUN
Mar-14
MAY
Dec-13
APR
Jun-13
MAR
Sep-13
FEB
Mar-13
JAN
Dec-12
0
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Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657
MEDIAN SALE PRICE March 2018 SW WASHINGTON
[email protected]
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
PORTLAND
$349,900
$385,000
Woodland
N/NE Clark County
$311,000 $405,000
Battle Ground
Ridgefield/La Center
METRO
$ 286,700 Columbia County $471,500 Salmon Creek
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
$364,000 Felida
$ 490,800 North Washington County
Hockinson $306,500 Hazel Dell Minnehaha
$302,300 5 Corners Orch.
$288,300 Cent. Vancouver
Sauvie Island
$ 371,200 Hillsboro $ 375,000
$ 520,000 West Portland
Beaverton Aloha
$ 425,000 Tigard/Tualatin Sherwood Wilsonville
$414,500 Camas/Washougal $ 440,000 NE Portland $ 356,300 SE Portland $ 399,000
$ 563,300
$320,000 Cascade Park
$339,400 Heights
$ 410,000 N Portland
Forest Grove
$352,300 Brush Prairie
Milwaukie/Gladstone/ Boring/Clackamas Estacada
$ 339,900 Gresham Troutdale Sandy Corbett Fairview
Lake Oswego West Linn
$ 330,000
RMLS was formed by area Boards and Associations of REALTORS® in 1991. ™
E-mail subscriptions are available for $45 per year by contacting RMLS™. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
$ 370,000 Oregon City Canby Molalla Beavercreek
Yamhill County
Lori Palmero, Chairwoman of the Board Kurt von Wasmuth, President/CEO Tyler Chaudhary, Editor
© Copyright RMLS™ 2018. All Rights Reserved.
$ 325,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp