Vancouver WA Luxury Home Market Report - First Nine Months of 2009

By
Real Estate Agent with RE/MAX equity group - Vancouver Washington

 

Luxury Home Market Report in Vancouver Washington for Nine Month's ending September 2009

Early this month we logged into the MLS for Luxury Homes for sale Vancouver WA and  to obtain an  update of what happened to this price tier within the confines of Vancouver, in Clark County Washington.  For this report we consider a Luxury Home to be priced and sold over $800,000.  Here is what we have to report:

Vancouver WA Condo Real Estate Market Report by REMAX John Slocum

We have found this to be a challenging price category to provide a statistical report on.  In general it is clear that there have been few transactions for Vancouver homes priced above $800,000.  We have also seen several homes that have at least a Tax Assessed value above this price but owing to being a Vancouver WA Short Sale Luxury Home, the result is tallied in the lower-priced Executive Home Category.

In our opinion, owing to the general economic climate, luxury homes for sale in Vancouver Washington have had a tremendous downward adjustment in value, and at this point in time there are some excellent buys available!

If you are looking to sell your Luxury Home in Vancouver or Clark County Washington in this challenging market time please call or e-mail us with the details of your situation and we'll customize a marketing plan to get your Vancouver Washington Luxury Home Sold!

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Definitions:
1) 3rd Party = the sales contract requires the approval of a third party; and includes Short-Sales, Trust Sales, Relocation Company sales, etc.
2) Pre-Foreclosures = aka Short-Sales are homes where the lending bank(s) agrees to take less, allowing a sales transaction to take place.
3) Foreclosures = aka REO's and Bank Owned Homes, already Foreclosed by the Lender(s).
4) PENDING = listed homes that have been marked as under contract by the listing agent during the past 30 days.
5) SOLD = listed homes that have been marked as closed sales by the listing agent in the past 30 days. Note: some of these sold homes may have been "pending sales" for far more than 30 days!

Disclaimer: this information is drawn using custom search parameters from the predominant MLS system covering Vancouver Washington and is not guaranteed to be accurate.


The above information was provided by John Slocum and Kathryn Alexander, recognized as one of the top teams at REMAX Vancouver WA. We hope you enjoy the information in our posts, including videos on real estate and Living in Vancouver Washington and the rest of Clark County.

Thinking of selling your home in this market? We have the insight and passion for selling homes to get you moving!

For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver Washington Real Estate. If you have an immediate need to search the MLS for Vancouver WA please visit Vancouver WA Homes For Sale

If your interest is in  Luxury Homes in Vancouver WA we have a special search set up for you at Vancouver WA Luxury Homes for Sale.

Current MLS Market Report for Vancouver WA and Clark County

Vancouver WA Real Estate: Visit ClarkCountyExpert.com to explore real estate in Vancouver Washington!

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Topic:
Real Estate Market Trends
Location:
Washington Clark County Vancouver
Groups:
Market Reports
Posts to Localism
RE/MAX Active Rain Bloggers
Washington's Wet News
Tags:
vancouver wa real estate
luxury homes in vancouver wa
remax vancouver wa

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Ambassador
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Christopher and Stephanie Somers - Realtors - Philadelphia Real Estate
Realtor / Owner - RE/MAX Access

John - This is great insight on your local market !  It certainly does seem with so few transaction and with the inventory, prices have to adjust down which could be quite beneficial for those buyers waiting on the sidelines !

October 24, 2009 09:12 AM
Rainmaker
254,890
Alexander- Slocum
REMAX Team- Vancouver WA Real Estate
RE/MAX equity group - Vancouver Washington

Hello Chris and Stephanie, we have already started to see more interest in Luxury Homes, as sometimes their price adjustmets have been $100,000!!! -- making them fantastic deals for the right buyer.  Thanks!  John

October 24, 2009 12:06 PM
Ambassador
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Lee & Pamela St. Peter
Making Connections to Success in Real Estate
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522

Buyers sure have an advantage today in Vancouver WA, but as things are starting to look up all over, not for long!  Very nice report.

October 25, 2009 07:22 AM
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Rainmaker
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Alexander- Slocum

REMAX Team- Vancouver WA Real Estate
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