SW WASHINGTON 2021 Q3 MARKET REPORT
Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting nearly $6 billion in sales in 2020. With 34 offices and more than 1,300 brokers in Washington and Oregon, plus a global reach that extends to 92,000 brokers in 43 countries, we’re not only one of the largest Coldwell Banker affiliates in the world, we’re also the most accomplished real estate company in the Northwest. Our commitment to knowledge, expertise and market insights consistently undergirds our reputation for excellence and service. An emphasis on global access in the luxury realm, combined with the power, reach and recognition of the Coldwell Banker brand, allows us to outsell and outperform our rivals, as we elevate the standard for marketing premier properties in the Puget Sound area and the Pacific Northwest. As important to us as business success— we also provide services in property management, commercial real estate, real estate investment and relocation management— is the understanding that real estate is more than just a transaction; it’s a key part of building safe, happy and prosperous lives for our clients, our brokers and their families.
JOHN DEELY executive VP of Operations Reflecting on the third-quarter numbers, John Deely, Coldwell Banker Bain Executive Vice President of Operations, said, “The third quarter was really amazing related to price appreciations, very limited inventory and time on market, but as outlined by our Coldwell Banker Bain brokers below, we are seeing a bit of change - and not just in the weather. Reports of buyer fatigue, resulting from multiple offer situations that further drove up prices, seem to have impacted activity a bit, which finally provides a positive bit of news for them. With legislation in the queue on the national front that could cause an increase to capital gains rates, many sellers who have been on the fence about selling are now concerned they could lose profit in their homes to taxes if they wait until next year. Coupled with the annual trend of the market slowing as we move into the holiday season, we believe this is a great opportunity for those buyers to return to the market. Prices are now leveling out a bit, and homeowners who are selling in the last quarter of the year always tend to be highly motivated. Buyers will also find less competition this time of year, due to inclement weather and holiday travel.”
2021 Q3 SW WASHINGTON MARKET REPORT
3
Q3 2021 MARKET REPORT
DAVID KNODE southwest regional manager of coldwell banker bain Said David Knode, Southwest Regional Manager, “The third quarter of 2021 was very similar to the past two or three quarters. We saw low inventory, multiple offers, great interest rates, and many buyers vying for any listing. However, toward the end of the quarter, we started to feel a little bit of a softening. Fall is upon us, and with cooler temperatures typically comes a slightly cooler real estate market. In the past few quarters, the lack of inventory has been the name of the game. Very few listings were coming on the market, and because of that, there were multiple offers on houses in every price range. As the fourth quarter approaches, we’re anticipating seeing more listings coming to market, possibly slightly fewer buyers, and not as many multiple offers on listings as we have had in the past. We anticipate that houses are going to be on the market a bit longer before receiving an offer. Now is the time to be even more diligent in setting the correct listing price. The time of putting a listing on the market significantly over listing price is over. But don’t mistake this a doom and gloom comment. We are still far away from a balanced market right now but, we may be taking strides toward attaining a more balanced one which is healthier for us all.”
4 2021 Q3 SW WASHINGTON MARKET REPORT
clark county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
FISHERS LANDING | CAMAS | WASHOUGAL | HEIGHTS-CASCADE PARK BRUSH PRAIRIE | HOCKINSON | ORCHARDS MEDIAN SOLD PRICE (NEAREST $000)
AVERAGE DOM
Fishers Landing
9
$508K
Camas
23
$650K
Washougal
21
$595K
HeightsCascade Park
14
$467K
13
Brush Prairie Hockinson
$549K
13
Orchards
$552K
21
$753K
$100K
$200K
$300K
$400K
$500K
$600K
$700K
$800K
NUMBER OF SALES CLOSED
2,430
250
CLARK COUNTY SALES CLOSED
200
238
150 100
203
194
54
49
125
50
92
0
Fishers Landing
Camas
Washougal
HeightsCascade Park
INVENTORY IN UNITS / 09.30.21
Brush Prairie
Hockinson
Orchards
TOTAL CLARK COUNTY INVENTORY / 436
500 400
12
56
34
31
15
83
14
+33.3% 300
-29.1%
-15.0%
-31.1%
-31.8%
+0.0%
-61.1%
Fishers 200 Landing
Camas
Washougal
HeightsCascade Park
Brush Prairie
Hockinson
Orchards
100 0
2021 Q3 SW WASHINGTON MARKET REPORT
5
clark county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
RIDGEFIELD | BATTLEGROUND | WOODLAND | LA CENTER | SALMON CREEK | FELIDA | VANCOUVER MEDIAN SOLD PRICE (NEAREST $000)
AVERAGE DOM
Ridgefield
24
$550K
Battleground
31
$498K
250
Woodland
24
$582K
200
La Center
25
$559K
150
Salmon Creek
17
$511K
100
Felida
14
$547K
50
Vancouver
12
$475K
0
$100K
$200K
$300K
$400K
$500K
$600K
NUMBER OF SALES CLOSED 500
2,430
400 300
CLARK COUNTY SALES CLOSED
455
200
196
208
42
Ridgefield
Battleground
Woodland
100
71 170
195
0
La Center
INVENTORY IN UNITS / 09.30.21
Salmon Creek
Felida
Vancouver
TOTAL CLARK COUNTY INVENTORY / 436
68
97
23
25
39
21
285
-44.3%
+14.1%
-14.8%
-37.5%
+2.6%
-41.7%
-7.8%
Ridgefield
Battleground
Woodland
La Center
Salmon Creek
Felida
Vancouver
6 2021 Q3 SW WASHINGTON MARKET REPORT
cowlitz county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
BEACON HILL | COLUMBIA HEIGHTS | EAST COUNTY | OUTH COUNTY | NORTHLAKE NORTH KELSO | NORTH COUNTY | OLYMPIC | WEST COUNTY | ST. HELENS MEDIAN SOLD PRICE (NEAREST $000)
AVERAGE DOM
Beacon Hill
$364K
15
Columbia Heights
$365K
24
East County
14
$625K
South County
20
$455K
Northlake
17
$360K
North Kelso
15
$282K
North County
21
$425K
Olympic
17
$330K
West County
14
$430K
St. Helens
15
$299K $100K
$200K
$300K
$400K
$500K
$600K
NUMBER OF SALES CLOSED 80
441
70 60
COWLITZ COUNTY SALES CLOSED
50
69
40
55
30
18
20
31
10
18
17 28
23
20
22
West County
St. Helens
0
Beacon Hill
Columbia Heights
East County
South County
Northlake
INVENTORY IN UNITS / 09.30.21
North Kelso
North County
Olympic
TOTAL COWLITZ COUNTY INVENTORY / 102
7
7
4
23
1
6
24
8
7
5
+16.7%
+75%
-33.3%
-17.9%
-50.0%
+100.0%
+14.3%
+90.9%
+0.0%
+66.6%
Beacon Hill
Columbia Heights
East County
South County
Northlake
North Kelso
North County
Olympic
West County
St. Helens
2021 Q3 SW WASHINGTON MARKET REPORT
7
clark county BATTLEGROUND
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
208
181
+14.9%
MEDIAN SOLD PRICE
$498K
$408K
+22.1%
31
34
-8.8%
102%
99%
+3.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
49
65
-24.6%
MEDIAN SOLD PRICE
$753K
$615K
+21.3%
13
64
-79.7%
100%
98%
+3.1%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$498K
MEDIAN SOLD PRICE UP +22.1% from 2020
BRUSH PRAIRIE
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
8 2021 Q3 SW WASHINGTON MARKET REPORT
$753K
MEDIAN SOLD PRICE UP +22.4% from 2020
CAMAS
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
203
283
-28.3%
MEDIAN SOLD PRICE
$650K
$535K
+21.5%
23
61
-62.3%
102%
100%
+2.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
195
167
+16.8%
MEDIAN SOLD PRICE
$547
$440K
+24.3%
14
27
-48.1%
102%
100%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$650K MEDIAN SOLD PRICE UP +21.5% from 2020
FELIDA
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$547K
MEDIAN SOLD PRICE UP +24.3% from 2020
2021 Q3 SW WASHINGTON MARKET REPORT
9
clark county FISHERS LANDING
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
54
67
-19.4%
MEDIAN SOLD PRICE
$508K
$408K
+24.5%
9
19
-52.6%
103%
100%
+3.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
194
180
+7.8%
MEDIAN SOLD PRICE
$467K
$391K
+19.4%
14
28
-50.0%
101%
98%
+3.1%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$508K
MEDIAN SOLD PRICE UP +24.5% from 2020
HEIGHTS-CASCADE PARK
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
10 2021 Q3 SW WASHINGTON MARKET REPORT
$467K
MEDIAN SOLD PRICE UP +19.4% from 2020
HOCKINSON
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
238
261
-8.8%
MEDIAN SOLD PRICE
$549K
$475K
+15.6%
13
53
-75.5%
102%
99%
+3.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
71
65
+9.3%
MEDIAN SOLD PRICE
$559K
$445K
+25.6%
25
35
-28.6%
99%
99%
+0.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$549K
MEDIAN SOLD PRICE UP +15.6% from 2020
LA CENTER
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$559K
MEDIAN SOLD PRICE UP +25.6% from 2020
2021 Q3 SW WASHINGTON MARKET REPORT 11
clark county ORCHARDS
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
92
102
-9.8%
MEDIAN SOLD PRICE
$552K
$460K
+20.0%
21
29
-27.6%
105%
101%
+4.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
196
251
-21.9%
MEDIAN SOLD PRICE
$550K
$469K
+17.3%
25
52
-53.8%
103%
99%
+4.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$552K
MEDIAN SOLD PRICE UP +20.0% from 2020
RIDGEFIELD
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
12 2021 Q3 SW WASHINGTON MARKET REPORT
$550K MEDIAN SOLD PRICE UP +17.3% from 2020
SALMON CREEK
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
170
205
-17.1%
MEDIAN SOLD PRICE
$511K
$449K
+13.8%
17
36
-52.8%
102%
100%
+2.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
455
361
+23.0%
MEDIAN SOLD PRICE
$475K
$400K
+18.8%
12
28
-57.1%
102%
100%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$511K
MEDIAN SOLD PRICE UP +13.8% from 2020
VANCOUVER
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$475K
MEDIAN SOLD PRICE UP +18.8% from 2020
2021 Q3 SW WASHINGTON MARKET REPORT 13
clark county WASHOUGAL
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
125
113
+10.6%
MEDIAN SOLD PRICE
$595K
$483K
+23.2%
21
31
-32.3%
99%
98%
+1.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
42
59
-28.8%
MEDIAN SOLD PRICE
$582K
$431K
+35.0%
24
36
-33.3%
103%
99%
+4.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$595K
MEDIAN SOLD PRICE UP +23.2% from 2020
WOODLAND
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
14 2021 Q3 SW WASHINGTON MARKET REPORT
$582K
MEDIAN SOLD PRICE UP +35.0% from 2020
cowlitz county BEACON HILL
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
31
30
+3.3%
MEDIAN SOLD PRICE
$364K
$314K
+15.9%
15
15
+0.0%
101%
101%
+0.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
23
14
+64.3%
MEDIAN SOLD PRICE
$365K
$375K
-2.7%
24
19
+26.3%
102%
101%
+1.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$364K
MEDIAN SOLD PRICE UP +15.9% from 2020
COLUMBIA HEIGHTS
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$365K
MEDIAN SOLD PRICE DOWN -2.7% from 2020
2021 Q1 SW WASHINGTON MARKET REPORT 15
cowlitz county EAST COUNTY
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
18
13
+38.5%
MEDIAN SOLD PRICE
$625K
$520K
+20.2%
20
46
-69.6%
101%
98%
+3.1%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
55
58
-5.2%
MEDIAN SOLD PRICE
$455K
$410K
+11.0%
20
41
-51.2%
99%
100%
-1.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$625K
MEDIAN SOLD PRICE UP +20.2% from 2020
KALAMA, SOUTH COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
16 2021 Q3 SW WASHINGTON MARKET REPORT
$455K
MEDIAN SOLD PRICE UP +11.0% from 2020
NORTHLAKE
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
18
11
+63.6%
MEDIAN SOLD PRICE
$360K
$318K
+13.2%
17
27
-37.0%
100%
103%
-2.9%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
69
70
-1.4%
MEDIAN SOLD PRICE
$425K
$339K
+24.5%
21
51
-58.8%
100%
99%
+1.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$360K
MEDIAN SOLD PRICE UP +13.2% from 2020
NORTH COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$425K
MEDIAN SOLD PRICE UP +24.5% from 2020
2021 Q3 SW WASHINGTON MARKET REPORT 17
cowlitz county NORTH KELSO
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
17
19
-10.5%
MEDIAN SOLD PRICE
$282K
$245K
+15.1%
15
18
-16.7%
100%
100%
+0.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
28
24
+16.7%
MEDIAN SOLD PRICE
$330K
$271K
+21.8%
17
15
+13.3%
101%
101%
+0.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$282K
MEDIAN SOLD PRICE UP +15.1% from 2020
OLYMPIC
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
18 2021 Q3 SW WASHINGTON MARKET REPORT
$330K
MEDIAN SOLD PRICE UP +21.8% from 2020
ST. HELENS
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
22
21
+4.8%
MEDIAN SOLD PRICE
$299K
$260K
+15.0%
15
14
+7.1%
103%
101%
+2.0%
Q3 2021
Q3 2020
CHANGE
TOTAL HOMES SOLD
20
22
-9.1%
MEDIAN SOLD PRICE
$430K
$380K
+13.2%
14
17
-17.6%
101%
99%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$299K
MEDIAN SOLD PRICE UP +15.0% from 2020
WEST COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$430K MEDIAN SOLD PRICE UP +13.2% from 2020
2021 Q3 SW WASHINGTON MARKET REPORT 19
*Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS), Regional Multiple Listing Service (RMLS) and the Multiple Listing Service of Central Oregon (MLSCO) each quarter. Statistics not compiled or published by the NWMLS, RMLS or MLSCO.