SW WASHINGTON 2022 Q1 MARKET REPORT
Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting over $8 billion in sales in 2021. With 34 offices and more than 1,200 brokers in Washington and Oregon, plus a global reach that extends to over 100,000 brokers in 41 countries, we’re not only one of the largest Coldwell Banker affiliates in the world, we’re also the most accomplished real estate company in the Northwest. Our commitment to knowledge, expertise and market insights consistently undergirds our reputation for excellence and service. An emphasis on global access in the luxury realm, combined with the power, reach and recognition of the Coldwell Banker brand, allows us to outsell and outperform our rivals, as we elevate the standard for marketing premier properties in the Puget Sound area and the Pacific Northwest. As important to us as business success—we also provide services in property management, commercial real estate, real estate investment and relocation management—is the understanding that real estate is more than just a transaction; it’s a key part of building safe, happy and prosperous lives for our clients, our brokers and their families.
JOHN DEELY Executive Vice President of Operations “ First quarter economic data shows a tight labor market with strong growth and a decline in unemployment rate - all great news for our region. And, as the world continues to open, large employers are beginning to ramp up employee relocation. However, high demand on existing inventory continues to cause prices and value to distance themselves from each other. Bank financed properties are seeing some appraisal issues. It is important for sellers to price their homes accurately - some overpriced properties have been sitting on the market longer and seeing activity pick up as prices are reduced. Interest rate markets are volatile right now and reaching 11-year peaks. Fluctuations in interest rates are causing buyers to lock in affordable rates. Since most buyers are not cash buyers, as interest rates go up, it will reduce the number of qualified buyers in certain segments of the market. Rising interest rates will reduce demand and put downward pressure on pricing and competitiveness in the marketplace. However, in our robust economy with good employment prospects, it remains to be seen whether this will actually have an impact on anything other than entry level and middle home markets.”
2022 Q1 SW WASHINGTON MARKET REPORT
3
clark county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
FISHERS LANDING | CAMAS | WASHOUGAL | HEIGHTS-CASCADE PARK BRUSH PRAIRIE | HOCKINSON | ORCHARDS MEDIAN SOLD PRICE
AVERAGE DOM
Fishers Landing
9
$595K
Camas
$763K
Washougal
23
$668K
HeightsCascade Park
24
13
$504K
Brush Prairie Hockinson
8
$775K
36
$755K
Orchards
18
$477K $100K
$200K
$300K
$400K
$500K
$600K
$700K
$800K
NUMBER OF SALES CLOSED
200
1,607
150
CLARK COUNTY SALES CLOSED
100
50
125
32
98
5
2
Brush Prairie
Hockinson
68
157
0
Fishers Landing
Camas
Washougal
HeightsCascade Park
INVENTORY IN UNITS / 03.31.22
Orchards
TOTAL CLARK COUNTY INVENTORY / 287
800 700
4
19
25
21
0
1
15
+300% 500
+0.0%
+13.6%
+23.5%
+0.0%
+0.0%
-34.8%
Camas
Washougal
HeightsCascade Park
Brush Prairie
Hockinson
Orchards
600
400
Fishers 300 Landing 200 100 0
clark county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
RIDGEFIELD | BATTLEGROUND | WOODLAND | LA CENTER | SALMON CREEK | FELIDA | VANCOUVER MEDIAN SOLD PRICE
AVERAGE DOM
Ridgefield
19
$626K
Battleground
34
$530K
200
Woodland
20
$498K
150
La Center
25
$588K
Salmon Creek
19
$570K
100
Felida 50
15
$555K
Vancouver
14
$488K
0
$100K
$200K
$300K
$400K
$500K
$600K
NUMBER OF SALES CLOSED 800 700
1,607
600 500
797
CLARK COUNTY SALES CLOSED
400
132
300
152
200
18
25
Woodland
La Center
100
107
95
Salmon Creek
Felida
0
Ridgefield
Battleground
INVENTORY IN UNITS / 03.31.22
Vancouver
TOTAL CLARK COUNTY INVENTORY / 287
20
43
3
2
13
10
104
-44.4%
+72.0%
+50.0%
+200%
+44.4%
-9.1%
+14.3%
Ridgefield
Battleground
Woodland
La Center
Salmon Creek
Felida
Vancouver
2022 Q1 SW WASHINGTON MARKET REPORT
5
cowlitz county
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
BEACON HILL | COLUMBIA HEIGHTS | EAST COUNTY | OUTH COUNTY | NORTHLAKE NORTH KELSO | NORTH COUNTY | OLYMPIC | WEST COUNTY | ST. HELENS
MEDIAN SOLD PRICE
AVERAGE DOM
Beacon Hill
19
$370K
Columbia Heights
20
$390K
East County
$553K
South County
29
$513K
Northlake
14
$377K
North County
46
$445K
North Kelso
18
$287K
Olympic
19
$354K
St. Helens
28
3
$324K
West County
36
$495K $100K
$200K
$300K
$400K
$500K
$600K
NUMBER OF SALES CLOSED
319
35 30
COWLITZ COUNTY SALES CLOSED
25
33 28
20 15
17
10
18
16
11
5 0
23 12
10
Beacon Hill
Columbia Heights
East County
South County
Northlake
19
North County
INVENTORY IN UNITS / 03.31.22
North Kelso
Olympic
West County
St. Helens
TOTAL COWLITZ COUNTY INVENTORY / 82
2
0
4
7
3
23
5
7
2
6
+0.0%
-100.0%
+0.0%
-12.5%
+300%
+187.5%
+400%
+133.3%
+100%
+500%
Beacon Hill
Columbia Heights
East County
South County
Northlake
North County
North Kelso
Olympic
West County
St. Helens
6 2022 Q1 SW WASHINGTON MARKET REPORT
clark county BATTLEGROUND
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
152
116
+31.0%
MEDIAN SOLD PRICE
$530K
$488K
+18.3%
34
33
+3.0%
101%
101%
+0.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
5
5
+0.0%
MEDIAN SOLD PRICE
$775K
$519K
+49.3%
8
42
-81.0%
99%
101%
-2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$530K
MEDIAN SOLD PRICE UP +18.3% from 2021
BRUSH PRAIRIE
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$775K
MEDIAN SOLD PRICE UP +49.3% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
7
clark county CAMAS
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
125
159
-21.4%
MEDIAN SOLD PRICE
$763K
$612K
+24.7%
24
38
-36.8%
102%
103%
-1.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
95
105
-9.5%
MEDIAN SOLD PRICE
$555K
$505K
+9.9%
15
19
-21.1%
104%
102%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$763K
MEDIAN SOLD PRICE UP +24.7% from 2021
FELIDA
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
8 2022 Q1 SW WASHINGTON MARKET REPORT
$555K
MEDIAN SOLD PRICE UP +9.9% from 2021
FISHERS LANDING
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
32
38
-15.8%
MEDIAN SOLD PRICE
$595K
$478K
+24.5%
9
15
-40.0%
103%
103%
+0.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
98
134
-26.9%
MEDIAN SOLD PRICE
$504K
$414K
+21.7%
13
23
-43.5%
104%
102%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$595K
MEDIAN SOLD PRICE UP +24.5% from 2021
HEIGHTS-CASCADE PARK
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$504K MEDIAN SOLD PRICE UP +21.7% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
9
clark county HOCKINSON
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
2
2
+0.0%
MEDIAN SOLD PRICE
$755K
$500K
+51.0%
36
7
+414.3%
100%
103%
-2.9%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
25
39
-35.9%
MEDIAN SOLD PRICE
$588K
$475K
+23.8%
25
39
-35.9%
100%
101%
-1.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$755K
MEDIAN SOLD PRICE UP +51.0% from 2021
LA CENTER
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
10 2022 Q1 SW WASHINGTON MARKET REPORT
$588K
MEDIAN SOLD PRICE UP +23.8% from 2021
ORCHARDS
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
157
141
+11.3%
MEDIAN SOLD PRICE
$477K
$450K
+6.0%
18
28
-35.7%
103%
103%
+0.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
132
192
-31.3%
MEDIAN SOLD PRICE
$626K
$460K
+36.1%
19
44
-56.8%
100%
103%
-2.9%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$477K
MEDIAN SOLD PRICE UP +6.0% from 2021
RIDGEFIELD
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$626K
MEDIAN SOLD PRICE UP +36.1% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
11
clark county SALMON CREEK
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
107
113
-5.3%
MEDIAN SOLD PRICE
$570K
$475K
+20.0%
19
20
-5.0%
103%
102%
+1.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
797
831
-4.1%
MEDIAN SOLD PRICE
$488K
$420K
+16.2%
14
17
-17.6%
103%
102%
+1.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$570K
MEDIAN SOLD PRICE UP +20.0% from 2021
VANCOUVER
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
12 2022 Q1 SW WASHINGTON MARKET REPORT
$488K
MEDIAN SOLD PRICE UP +16.2% from 2021
WASHOUGAL
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
68
67
+1.5%
MEDIAN SOLD PRICE
$668K
$510K
+31.0%
23
32
-28.1%
104%
100%
+4.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
18
19
-5.3%
MEDIAN SOLD PRICE
$498K
$375K
+32.8%
20
8
+150%
99%
102%
-2.9%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$668K
MEDIAN SOLD PRICE UP +31.0% from 2021
WOODLAND
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$498K
MEDIAN SOLD PRICE UP +32.8% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
13
clark county BEACON HILL
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
11
25
-56.0%
MEDIAN SOLD PRICE
$370K
$335K
+10.4%
19
24
-20.8%
100%
101%
-1.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
17
15
+13.3%
MEDIAN SOLD PRICE
$390K
$370K
+5.4%
20
52
-61.5%
102%
100%
+2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$370K
MEDIAN SOLD PRICE UP +10.4% from 2021
COLUMBIA HEIGHTS
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
14 2022 Q1 SW WASHINGTON MARKET REPORT
$390K MEDIAN SOLD PRICE UP +5.4% from 2021
EAST COUNTY
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
16
10
+60.0%
MEDIAN SOLD PRICE
$553K
$437K
+26.5%
28
36
-22.2%
98%
100%
-2.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
28
40
-30.0%
MEDIAN SOLD PRICE
$513K
$388K
+32.2%
29
14
+107.1%
96%
101%
-5.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$553K
MEDIAN SOLD PRICE UP +26.5% from 2021
KALAMA, SOUTH COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$513K
MEDIAN SOLD PRICE UP +32.2% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
15
cowlitz county NORTHLAKE
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
10
6
+66.7%
MEDIAN SOLD PRICE
$377K
$301K
+25.2%
14
8
+75.0%
102%
100%
+2.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
33
49
-32.7%
MEDIAN SOLD PRICE
$445K
$400K
+11.3%
46
22
+109.1%
99%
101%
-2.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$377K
MEDIAN SOLD PRICE UP +25.2% from 2021
NORTH COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
16 2021 ANNUAL SW WASHINGTON MARKET REPORT
$445K
MEDIAN SOLD PRICE UP +11.3% from 2021
NORTH KELSO
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
18
12
+50.0%
MEDIAN SOLD PRICE
$287K
$240K
+19.6%
18
22
-18.2%
102%
101%
+1.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
23
19
+21.1%
MEDIAN SOLD PRICE
$354K
$270K
+31.1%
19
19
+0.0%
102%
99%
+3.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$287K
MEDIAN SOLD PRICE UP +19.6% from 2021
OLYMPIC
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$354K
MEDIAN SOLD PRICE UP +31.1% from 2021
2022 Q1 SW WASHINGTON MARKET REPORT
17
cowlitz county ST. HELENS
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
12
13
-7.7%
MEDIAN SOLD PRICE
$324K
$258K
+25.6%
3
25
-88.0%
104%
104%
+0.0%
Q1 2022
Q1 2021
CHANGE
TOTAL HOMES SOLD
19
14
+35.7%
MEDIAN SOLD PRICE
$495K
$413K
+19.9%
36
46
-21.7%
100%
100%
+0.0%
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
$324K
MEDIAN SOLD PRICE UP +25.6% from 2021
WEST COUNTY
AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
18 2021 ANNUAL SW WASHINGTON MARKET REPORT
$495K
MEDIAN SOLD PRICE UP +19.9% from 2021
*Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS), Regional Multiple Listing Service (RMLS) and the Multiple Listing Service of Central Oregon (MLSCO) each quarter. Statistics not compiled or published by the NWMLS, RMLS or MLSCO.