Vancouver Real Estate Market Conditions & Reports, Vancouver Market Trends, Washington

Market Commentary Provided by Dave Dumas and Becky Grenz
Great opportunity for first time buyers with many nice homes in the under $200,000 price range.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Dave Dumas and Becky Grenz
Keller Williams Realty
Vancouver, Washington
360-600-9077
davedumas@kw.com
Agent Home Page

Nearest Metro Area

Vancouver

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

Housing inventory is mainly in over supply due to the number of short sales waiting for third party approval. If all the short sales with at least one offer were removed from the active status there would be a marked improvement in the number of months of inventory available.

Average Home Price

$275,000 - View Graph Trend

Best Selling Price Range

$250,000 - $299,000

Worst Selling Price Range

$400,000 - $449,000

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Multiple Offers Commentary

There are a few only when the property is listed under market for the sole purpose of creating a frenzy

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Vancouver is

Increasing

Seller Activity for the past 90 days in Vancouver is

No Change

Is Financing Available For Qualified Buyers in Vancouver?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

25-30%

Housing Hot Spots

The SW Heights area and E Heights area of Vancouver are the current area Hotspots with an average market time of 68 days compared to the county average of 165 days.

Reason to Buy/Sell

Population Growth

Average Sold Price

$275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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