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