Fred Gibbs - Realtor, Clark County WA

 
 

April 2008

Property Value & Appreciation

How is my area doing? Are values going up? The figures below are based on the average sales price for all new and pre-owned homes in Clark County.

Comparing the last
12 months to the
12 months previous.
NE Heights  + 0.0%
SW Heights  + 24.3%
Orchards - 3.3%
Evergreen - 3.7%
Cascade Park + 4.7%
Fishers Landing + 2.3%
Camas City - 0.4%
Lincoln/HD - 5.9%
5 Corners + 0.3%
S. Salmon Creek + 1.2%
N. Felida + 2.7%
N. Hazel Dell + 3.2%
N. Salmon Creek + 0.3%
Brush Prairie - 1.3%
Yacolt - 5.2%
Battleground - 1.1%
Washougal - 3.6%
Clark County + 0.2%
Cowlitz County + 5.2%
Pacific + 9.7%

Life is Short - Create Your Own Bucket List!
Here is a starting point, let's do something for ourselves and start thinking positive.
 · Visit the country your
   ancestors called home
 · Teach a class
 · Plant a tree
 · Stand on the Great Wall
 · Make your own beer
 · Go helicopter skiing
 · Play St. Andrews
 · Kiss someone is public
 · Go river rafting
 · See an opera in Milan
 · Lend money to a friend
   and don’t expect it back
 · Have a custom suit ordress
   made, just for you
 · Ride in a gondola in Venice
 · Fly to Africa
 · WHEN YOU NEED A REALTOR -
   HIRE ME

2007 Year End Results (Residential Sales)

March Highlights
Looking at March 2008 compared with 2007 shows that new listings decreased 14.6%. Closed sales were down 29.2% and accepted offers down by 33.5%. Inventory has also gone down (thank goodness). January was 17 months, February 14.6 months, and March 11.9 months.

First Quarter
January - March 2008 when compared against 2007. New listing fell 4.6% (3,562 vs. 3,833). Closed sales also dropped 31% (944 vs. 1,369) and pending sales decreased 28.8% (1,284 vs. 1,803).

Appreciation
Comparing the prices for the 12 months ending in March 2008 with those 12 months immediately prior, average sale price appreciated 0.2% ($303,900 vs. $303,300). Conversely, the median sale price decreased a slight 1% ($260,000 vs. $262,500).

As you would expect, area by area the numbers will change. Homes on acreage will be different from condos for example.

 

Vancouver
& Clark
County
  New
Listings
Pending
Sales
Closed
Sales
Average
Sales
Price
Median
Sales
Price
Average
Market
Time
This Year Mar
2008
1,212 459 381 298,100 250,000 94
  YTD 3,562 1,284 944 294,600 247,400 100
Last Year Mar
2007
1,419 690 538 304,700 265,000 88
  YTD 3,733 1,803 1,369 304,900 260,900 88