Vancouver WA Real Estate | Market Report for December 2010

By
Real Estate Agent with RE/MAX equity group - Vancouver Washington
http://actvra.in/PX

Homes For Sale Vancouver WA -- December Angst and Action -- Again...

Real Estate in Vancouver WA has had a couple of ups an downs for December 2010. This month the Pending sales decreased by 11 units (-5.2%) while the the Sold homes went up to 222 -- reflective of the busier November activity.

Of the stick-built houses and condos for sale that went pending in December, we saw both the Short Sales and the Bank Owned Homes segments capturing an ever larger percentage -- combined they were 61.0% of the total Pending Sales (54.0% last month). The foretold 3rd Wave of Distressed Properties, combined with slightly improved short-sale approval rates and resumed Bank-Owned sales is likely the reason for the increase in the pending sales category for this segment.

The chart below is a matrix representation of the highlights for homes for sale in Vancouver, WA December 2010:

Vancouver WA Real Estate Market Report, including All Vancouver USA Zip Codes for December 2010 by John Slocum of REMAX Vancouver WA


The Chart below shows the current trend of home prices for Vancouver WA, compared to other Pacific Northwest cities of Seattle Washington, and Portland Oregon. - all cities are showing sliding prices, although the downward slope for Vancouver is not as steep as seen for Seattle and Portland. For home prices to start going up, we will typically first see a meaningful AND sustained increase in the number of homes purchased in both Vancouver and the other major Pacific Northwest cities. Although there had been modest increases in home buying activity for the early part of this year, we are continuing to see lower volume and softer prices at the end of the year.

If you are looking to sell your home in Vancouver WA, and 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 Clark County Home Sold!

Some of the major parts of town you may want to look for include Homes in Downtown Vancouver, The Heights Homes, Orchards Homes, Cascade Park Homes, Fishers Landing Homes For Sale, Evergreen Homes, Hazel Dell Homes For Sale , Felida Homes and Salmon Creek Homes.

The largest city in Clark County WA is Vancouver Washington. Other towns include: Amboy, Battle Ground, Brush Prairie, Camas, Ridgefield, Washougal, parts of Woodland and Yacolt.
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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.

Current Vancouver WA Real Estate Market Reports:

Previous Vancouver WA Real Estate Market Reports:


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

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

For Southwest Washington homes and Real Estate in Vancouver WA visit Vancouver WA Real Estate. If your interest is in foreclosures, pre-foreclosures (short sale homes) ; and when looking for Bank Owned Homes in Vancouver Washington we have our website set up for you to easily search for each of these categories!

PS - Nobody sells more homes than RE/MAX. Look to the Alexander ~ Slocum Team
for your Vancouver WA real estate!
These are other popular recent searches on our website:

Camas WA Real Estate
Luxury Homes Vancouver WA

Vancouver WA Homes for sale: Visit ClarkCountyExpert.com to explore real estate in Vancouver Washington!

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Rainmaker
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Sharon Lancaster
Sage Executive Group Real Estate - Kelowna, BC
SRES, Realty Executives Okanagan

Would you recomend buying a downtown condo at this time? Do you think prices will continue to fall, or are they leveling off? Is there any one project you would recomend? What is your take on the Governor's Tower?

Thanks for your help!

Jan 12, 2011 12:21 AM #1
Rainmaker
256,463
Alexander- Slocum
RE/MAX equity group - Vancouver Washington - Vancouver, WA
REMAX Team- Vancouver WA Real Estate

Hello Sharon, in downtown Vancouver Washington the Vancouver Center and Heritage Place have the largest current offering of condos to choose from.  I believe the Governor's Tower is in British Columbia, and I am not knowledgeable about that location.  Thanks!

Jan 16, 2011 05:53 PM #2
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Rainmaker
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Alexander- Slocum

REMAX Team- Vancouver WA Real Estate
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