Vancouver Wa Real Estate - Elite Realty NW

Clark County Washington Market Report - November 2009

Sales activity in Clark County continued to grow when comparing November with the same month in 2008. Compared to November 2008, closed sales rose 70.5% and pending sales increased 42.8%. New listings also increased 3.9%. (YES, you read that right, 70.5%!)

The 70.5% increase in closed sales is the largest percentage increase on record for the area;

the previous high was 64.5% in December 2002. On the other hand, when comparing November 2009 with October 2009, closed sales dropped 12.3% (469 v. 535) and pending sales decreased 29.3% (407 v. 576). New listings fell 3.4% (739 v. 765).

At the month's rate of sales the 3,433 active residential listings would last approximately

7.3 months, down from 16.9 last November. (6 months of inventory is considered to be a normal neutral market. No advantage to buyers or sellers.)

Year-to-Date

Comparing January-November 2009 with the same period in 2008, closed sales were up 11% and pending sales grew 19.2%. New listings dropped 23.4%.

Sale Prices

The average sale price for November 2009 was down 12.6% compared to November 2008, while the median sale price dropped 11.8%. See residential highlights table below. Month-to-month, the average sale price and median sale price were mixed when compared with October levels; the average sale price rose a slight 0.6% (221,100 v. $219,700) and the median sale price was down 0.8% ($198,500 v. $200,000).

When you choose us to handle your Vancouver WA real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark County and we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area.  Additionally, we have helped numerous families build their own Vancouver WA dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service. Go to www.ernw.org for more information. See our video here.  This post written by Mark Hall all rights reserved.  Clark County Washington Market Report - November 2009