Page 1

Clark County, Washington Market Action Addition

May 2014

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:

2,329 275 2,054 88.2%

Less New Under Construction (not ready for occupancy):

168

Less New Proposed (not started):

277

Total Readily Purchased & Occupied Listing: Percent of Total Active Listings: Inventory in Months of Readily Purchased & Occupied Listings:

1,609 69.1% 2.7

* 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


A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington May Residential Highlights Activity was on the upswing this May in Southwest Washington! New listings (1,115) rose 24.9% over April’s 893 but also represented an increase of 20.3% over the 927 new listings posted last May. This was the best May for new listings in Southwest Washington since 2008, when there were 1,312. The 600 closed sales increased 4.3% over last May (575), 14.9% from April (522), and also represent the best May for closings since 2006! Pending sales were also in the black: the 747 accepted offers increased 0.9% over the 740 posted last May and 6.6% over the 701 posted just last month.

May 2014 Reporting Period

Average and Median Sale Prices The average price over the first five months of the year was $261,700, an increase of 7.4% from the same period in 2013 when the average price was $243,600. In the same comparison, the median rose 7.1% from $218,000 in the first five months of 2013 to $233,500 in the same period of 2014.

Inventory in Months* 2012 2013 2014 January 8.8 6.2 6.4 February 7.7 5.6 5.7 March 6.4 4.4 4.6 April 6.7 4.0 4.1 May 5.7 3.8 3.9 June 5.4 3.7 July 5.4 3.5 August 5.1 3.9 September 5.6 4.7 october 4.7 4.7 November 5.2 5.3 December 5.1 4.5 *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 Average Sale Price % Change: +9.4% ($257,000 v. $235,000)

Total market time fell again to 98 days in May. Inventory fell slightly to 3.9 months.

Median Sale Price % Change: +10.6% ($229,900 v. $207,800)

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.

Clark County Residential highlights

2014

May

2013

Pending Sales

Closed Sales

Average Sale Price

Median Sale Price

Total Market Time

1,115

747

600

263,100

236,300

98

893

701

522

265,500

234,900

104

4,170

3,031

2,413

261,700

233,500

108

927

740

575

252,200

225,000

108

3,891

2,953

2,348

243,600

218,000

116

May

20.3%

0.9%

4.3%

4.3%

5.0%

-9.8%

Prev Mo 2014

24.9%

6.6%

14.9%

-0.9%

0.6%

-5.8%

year-to-date

7.2%

2.6%

2.8%

7.4%

7.1%

-7.1%

April year-to-date

Change

New Listings

May year-to-date

© Copyright RMLS™ 2014. All Rights Reserved.


AREa REPORT • 5/2014 SW Washington

RESIDENTIAL

year-To-Date

year-To-Date

year-To-Date

74

9.3%

1

245,000

137,600

79

15.5%

1

229,300

52

24

4

9

-47.1%

11

252,800

88

66

53

-10.2%

48

346,400

300,000

159

5.2%

2

542,500

47

14

1

10

-37.5%

20

205,000

73

108

91

59.6%

85

210,200

200,000

72

5.6%

-

-

88

63

19

44

-2.2%

25

193,000

72

215

151

-20.5%

112

198,900

202,500

88

11.7%

-

-

47

29

4

21

-16.0%

20

218,500

60

120

103

17.0%

90

211,300

196,700

62

15.2%

-

-

105

46

6

37

2.8%

35

207,900

105

200

147

1.4%

123

197,700

193,000

88

15.7%

-

-

139

81

20

72

4.3%

52

199,500

74

303

242

4.8%

189

201,700

194,900

108

12.9%

48

24

3

16

-11.1%

14

234,400

129

85

69

0.0%

51

245,100

198,000

149

4.4%

-

69

42

9

31

14.8%

21

311,700

109

140

103

6.2%

76

287,700

261,500

92

15.3%

-

62

34

7

37

94.7%

29

225,000

53

158

132

65.0%

110

215,400

209,000

75

25.4%

47

38

4

27

0.0%

10

263,900

110

111

82

-11.8%

52

245,000

234,700

79

9.8%

-

-

-

59

47

4

31

-8.8%

26

237,700

47

158

120

-9.1%

97

276,500

265,900

74

15.9%

-

-

-

32

11

5

4

100.0%

6

326,600

65

41

21

-4.5%

19

421,900

360,700

141

23.9%

-

-

3

150,700

189

89

19

48

-4.0%

49

360,500

97

343

226

0.4%

182

351,200

318,000

98

7.2%

-

-

14

403,700

8

351,100

194

55

16

38

-15.6%

33

316,300

193

247

157

1.3%

130

284,900

270,000

142

14.8%

-

-

24

124,400

3

204,000

130

66

5

30

-14.3%

37

279,200

81

229

158

24.4%

131

269,700

235,000

109

11.5%

-

-

10

145,800

-

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

20

7

52

NW E of I-5 County

37

14

61

Battleground

151

59

8

62

Brush Prairie

169

81

20

63

East County

1

1

1

64

Central County

18

9

65

Mid-Central County

25

8

66

yacolt

37

15

70

La Center

24

14

2

7

-36.4%

6

317,000

49

71

N Central

16

8

3

2

100.0%

4

232,200

86

NE Corner

-33.3%

New Listings

New Listings

11 12 13 14 15

E Hazel Dell

2

1

650,000

44

15

28

16.7%

16

235,700

55

158

119

5.3%

96

212,800

215,600

108

8.5%

-

-

62

8

38

35.7%

32

293,100

118

222

156

1.3%

133

324,300

298,500

127

12.4%

-

-

123

36

6

27

-27.0%

19

288,100

103

163

107

-22.5%

78

286,100

250,000

101

8.2%

-

123

41

7

29

3.6%

20

311,300

95

154

115

3.6%

75

287,100

267,900

127

6.8%

3 2

2

-

5

163,100

49,000

8

195,000

2

64,500

1

130,000

3

80,000

1

246,000

3

37,000

2

290,800

-

-

76

2

1

530,000

119

-

-

992,500

Average Sale Price

184,300

139,600

Closed Sales

208,600

62

Lincoln/Hazel Dell

Average Sale Price

60

-2.8%

Closed Sales

11.1%

69

SW heights

Average Sale Price

80

81

Closed Sales

97

40

Total Market Time

Median Sale Price

54

141,100

Closed Sales

274,700

17

Pending Sales

Average Sale Price

Avg. Sale Price % Change

2

1

Pending Sales 2014 v. 2013

3

12

0.0%

Total Market Time

25.0%

20

Closed Sales

20

3

Pending Sales 4

23

Active Listings

27

27

NW heights

72

Average Sale Price

Pending Sales 2014 v. 2013

Expired.Canceled Listings

MuLTIFAMILy

49

Downtown Vancouver

-

-

-

1

31,600

2

552,900

2

153,900

5

217,700

3

227,000

1

135,000

1

120,000

6

228,800

1

375,000

1

240,000

1

300,000

-

-

-

-

-

-

-

1

341,200

3

152,700

-

-

5

1,320,300

-

-

3

354,500

-

-

1

-66.7%

4

361,900

11

32

21

0.0%

15

413,000

357,000

156

-6.0%

-

-

2

325,500

-

-

12

33.3%

5

418,600

278

43

38

5.6%

29

349,200

310,000

255

3.4%

-

-

7

244,300

-

-

48

11.6%

41

241,200

111

228

170

-4.0%

138

247,500

224,500

128

6.9%

-

-

9

117,900

42

7.7%

23

327,100

220

277

180

7.8%

134

326,100

288,900

130

7.0%

-

22

354,300

3

1

-

-

12.3%

0

-

-

0

-

-

0

-

-

-

0

-

-

-

0 -

234,600

-

3

-25.0%

1

395,000

290

20

12

-25.0%

12

382,400

405,000

243

23.7%

-

-

-

-

4

-33.3%

6

391,100

192

33

24

20.0%

18

357,900

365,000

204

13.2%

-

-

3

128,500

-

-

9

200.0%

4

280,400

63

52

32

28.0%

25

242,500

217,500

129

-1.9%

-

-

1

100,000

-

-

46

34

-20.9%

28

287,100

276,000

116

15.7%

-

-

1

115,000

22

10

0.0%

9

250,100

225,000

139

7.0%

-

-

2

93,100

-

-11.1%

-

-

-

440,000 -

6

3

1

2

2

199,800

8

15

8

6

212,600

189,000

43

-7.8%

2,329

1,115

211

747

0.9%

600

263,100

98

4,170

3,031

2.6%

2,413

261,700

233,500

108

9.4%

9

583,800

126

259,700

48

-

34

10

4

12

71.4%

7

159,700

107

67

50

66.7%

37

193,300

175,000

77

26.4%

2

90,000

4

112,100

-

255,100

Woodland City Woodland Area

40

9

6

-25.0%

4

285,100

269

41

22

4.8%

16

281,100

259,300

204

20.5%

14

144,000

Cowlitz County

259

86

14

48

14.3%

35

164,500

79

333

226

24.2%

183

160,400

149,900

114

6.4%

2

370,500

10

192,000

8

203,600

Grand Total

333

105

18

66

15.8%

46

174,300

100

441

298

27.9%

236

173,700

158,000

114

11.5%

4

230,300

28

156,600

8

203,600

Pacific County

165

30

7

12

50.0%

13

178,900

108

124

53

10.4%

48

142,700

129,500

195

16.9%

3

89,000

22

32,700

1

185,000

87

80

-

1

81

-

-

2

82

Grand Total

LAND

year-To-Date

1

Current Month

CoMMERCIAL

-

2

© Copyright RMLS™ 2014. All Rights Reserved.

-

-

-


ACTIVE RESIDENTIAL LISTINGS

Active Residential Listings 2,900 2,700

Clark county, wa

2,500

This graph shows

2,300

the active residential

2,100

listings over the past

1,900

three calendar years

1,700

in Clark County, Washington.

1,500

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2012 2,615 2,532 2,641 2,679 2,710 2,601 2,628 2,533 2,402 2,292 2,212 1,996 2013 2,052 2,048 2,033 2,131 2,192 2,328 2,416 2,460 2,522 2,436 2,334 2,127 2014 2,177 2,060 2,098 2,117 2,329

NEW LISTINGS clark county, wa

New Listings

This graph shows the

1,200

new residential listings

1,000

over the past three

800

calendar years in Clark

600

County, Washington.

400

200 0

2012

1

2013

2014

Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2014 with May 2013. The YearTo-Date section compares 2014 year-to-date statistics through May with 2013 year-to-date statistics through May.

2

% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/13-5/31/14) with 12 months before (6/1/12-5/31/13).

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

Š Copyright RMLS™ 2014. All Rights Reserved.


PENDING LISTINGS

Pending Sales

clark county, wa

800

This graph represents

700

monthly accepted

600

offers in Clark County,

500

Washington over the past

400

three calendar years.

300 200

2012

2013

2014

CLOSED SALES

Closed Sales

clark county, wa

This graph shows the

700

closed sales over the past

600

five calendar years in Clark

500

County, Washington.

2010

400

2011

300

2012

2013

200

2014

100 0

DAYS ON MARKET

Average Total Market Time

clark county, wa

180 160 140 120 100 80 60 40 20 0

This graph shows the average market time for sales in Clark County, Washington, over the past three calendar years.

2012 TMT

2013 TMT

2014 TMT

4

© Copyright RMLS™ 2014. All Rights Reserved.


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 $330,000 $310,000 $290,000

$270,000 $250,000 $230,000 $210,000 $190,000

Average Sale Price

Median Sale Price

New Listings

NEW LISTINGS Cowlitz County, WA

This graph represents new listings in Cowlitz County, Washington over the past three calendar years.

120 100 80 60

40 20 0

2012

5

2013

© Copyright RMLS™ 2014. All Rights Reserved.

2014

May-14

Nov-13

May-13

Nov-12

May-12

Nov-11

May-11

Nov-10

May-10

Nov-09

May-09

Nov-08

May-08

Nov-07

May-07

Nov-06

May-06

Nov-05

May-05

Nov-04

$150,000

May-04

$170,000


PENDING LISTINGS

Pending Sales

cowlitz county, wa

80

This graph represents monthly

70

accepted offers over the past

50

three calendar years in Cowlitz

30

County, Washington.

10

60 40 20 0

2012

2013

2014

CLOSED SALES

Closed Sales

cowlitz county, wa

70

This graph shows the closed

60 50

sales over the past five

2010

40

2011

calendar years in Cowlitz

2012

30

2013

County, Washington.

2014

20 10

DEC

Average Sale Price $260,000 $240,000 $220,000 $200,000 $180,000

for all homes sold in Cowlitz

$160,000

County, Washington.

$140,000

6

© Copyright RMLS™ 2014. All Rights Reserved.

Feb-14

May-14

Nov-13

Aug-13

May-13

Feb-13

Nov-12

Aug-12

Feb-12

$100,000

May-12

$120,000 Nov-11

monthly average sale price

NOV

Aug-11

This graph represents the

OCT

Feb-11

cowlitz county, wa

SEP

May-11

AVERAGE SALE PRICE

AUG

Nov-10

JUL

Aug-10

JUN

Feb-10

MAY

May-10

APR

Nov-09

MAR

Aug-09

FEB

May-09

JAN

Feb-09

0


MULTIPLE LISTING SERVICE

Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689 Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342

Median sale price May 2014

Washington

Salem 4035 12th Street Cutoff SE, Suite 110 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817 Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County 16289 Hwy 101 S, Suite E Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320

SW

Portland

$241,900

$205,000

Woodland

N/NE Clark County

$253,500 $303,700

Battle Ground

Ridgefield/La Center

Metro

$ 210,200 Columbia County $282,000 Salmon Creek $255,000 Felida

$ 375,000 North Washington County

$211,700 5 Corners Orch.

$ 235,000 Hillsboro $ 263,000

$ 380,000 West Portland

Beaverton Aloha

$ 310,400 Tigard/Tualatin Sherwood Wilsonville

$298,700 Camas/Washougal $ 329,500 NE Portland $ 269,600 SE Portland $ 285,000

$ 472,500

$216,000 Cascade Park

$219,000 Heights

$ 289,800 N Portland

Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083

Hockinson $207,500 Hazel Dell Minnehaha

$169,900 Cent. Vancouver

Sauvie Island

Forest Grove

$355,600 Brush Prairie

Milwaukie/Gladstone/ Boring/Clackamas Estacada

$ 229,900 Gresham Troutdale Sandy Corbett Fairview

Lake Oswego West Linn

$ 224,900

The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.

$ 275,000 Oregon City Canby Molalla Beavercreek

Yamhill County

Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County. RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.

Brian Houston, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor

© Copyright RMLS™ 2014. All Rights Reserved.

$ 244,900 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp

Market action clark county wa may 2014  

Clark County (SW Washington) including: Vancouver, Camas, Ridgefield, Washougal, Battle Ground.

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