Coldwell Banker Bain | SW Washington 2021 Q3 Market Report

SW WASHINGTON 2021 Q3 MARKET REPORT

Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting nearly $6 billion in sales in 2020. With 34 offices and more than 1,300 brokers in Washington and Oregon, plus a global reach that extends to 92,000 brokers in 43 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 VP of Operations Reflecting on the third-quarter numbers, John Deely, Coldwell Banker Bain Executive Vice President of Operations, said, “The third quarter was really amazing related to price appreciations, very limited inventory and time on market, but as outlined by our Coldwell Banker Bain brokers below, we are seeing a bit of change - and not just in the weather.

Reports of buyer fatigue, resulting from multiple offer situations that further drove up prices, seem to have impacted activity a bit, which finally provides a positive bit of news for them. With legislation in the queue on the national front that could cause an increase to capital gains rates, many sellers who have been on the fence about selling are now concerned they could lose profit in their homes to taxes if they wait until next year. Coupled with the annual trend of the market slowing as we move into the holiday season, we believe this is a great opportunity for those buyers to return to the market.

Prices are now leveling out a bit, and homeowners who are selling in the last quarter of the year always tend to be highly motivated. Buyers will also find less competition this time of year, due to inclement weather and holiday travel.”

2021 Q3 SW WASHINGTON MARKET REPORT

3

Q3 2021 MARKET REPORT

DAVID KNODE southwest regional manager of coldwell banker bain Said David Knode, Southwest Regional Manager, “The third quarter of 2021 was very similar to the past two or three quarters. We saw low inventory, multiple offers, great interest rates, and many buyers vying for any listing.

However, toward the end of the quarter, we started to feel a little bit of a softening. Fall is upon us, and with cooler temperatures typically comes a slightly cooler real estate market. In the past few quarters, the lack of inventory has been the name of the game. Very few listings were coming on the market, and because of that, there were multiple offers on houses in every price range. As the fourth quarter approaches, we’re anticipating seeing more listings coming to market, possibly slightly fewer buyers, and not as many multiple offers on listings as we have had in the past. We anticipate that houses are going to be on the market a bit longer before receiving an offer. Now is the time to be even more diligent in setting the correct listing price. The time of putting a listing on the market significantly over listing price is over. But don’t mistake this a doom and gloom comment. We are still far away from a balanced market right now but, we may be taking strides toward attaining a more balanced one which is healthier for us all.”

4 2021 Q3 SW WASHINGTON MARKET REPORT

clark county

SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY

FISHERS LANDING | CAMAS | WASHOUGAL | HEIGHTS-CASCADE PARK BRUSH PRAIRIE | HOCKINSON | ORCHARDS MEDIAN SOLD PRICE (NEAREST $000)

AVERAGE DOM

Fishers Landing

9

$508K

Camas

23

$650K

Washougal

21

$595K

HeightsCascade Park

14

$467K

13

Brush Prairie Hockinson

$549K

13

Orchards

$552K

21

$753K

$100K

$200K

$300K

$400K

$500K

$600K

$700K

$800K

NUMBER OF SALES CLOSED

2,430

250

CLARK COUNTY SALES CLOSED

200

238

150 100

203

194

54

49

125

50

92

0

Fishers Landing

Camas

Washougal

HeightsCascade Park

INVENTORY IN UNITS / 09.30.21

Brush Prairie

Hockinson

Orchards

TOTAL CLARK COUNTY INVENTORY / 436

500 400

12

56

34

31

15

83

14

+33.3% 300

-29.1%

-15.0%

-31.1%

-31.8%

+0.0%

-61.1%

Fishers 200 Landing

Camas

Washougal

HeightsCascade Park

Brush Prairie

Hockinson

Orchards

100 0

2021 Q3 SW WASHINGTON MARKET REPORT

5

clark county

SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY

RIDGEFIELD | BATTLEGROUND | WOODLAND | LA CENTER | SALMON CREEK | FELIDA | VANCOUVER MEDIAN SOLD PRICE (NEAREST $000)

AVERAGE DOM

Ridgefield

24

$550K

Battleground

31

$498K

250

Woodland

24

$582K

200

La Center

25

$559K

150

Salmon Creek

17

$511K

100

Felida

14

$547K

50

Vancouver

12

$475K

0

$100K

$200K

$300K

$400K

$500K

$600K

NUMBER OF SALES CLOSED 500

2,430

400 300

CLARK COUNTY SALES CLOSED

455

200

196

208

42

Ridgefield

Battleground

Woodland

100

71 170

195

0

La Center

INVENTORY IN UNITS / 09.30.21

Salmon Creek

Felida

Vancouver

TOTAL CLARK COUNTY INVENTORY / 436

68

97

23

25

39

21

285

-44.3%

+14.1%

-14.8%

-37.5%

+2.6%

-41.7%

-7.8%

Ridgefield

Battleground

Woodland

La Center

Salmon Creek

Felida

Vancouver

6 2021 Q3 SW WASHINGTON MARKET REPORT

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 (NEAREST $000)

AVERAGE DOM

Beacon Hill

$364K

15

Columbia Heights

$365K

24

East County

14

$625K

South County

20

$455K

Northlake

17

$360K

North Kelso

15

$282K

North County

21

$425K

Olympic

17

$330K

West County

14

$430K

St. Helens

15

$299K $100K

$200K

$300K

$400K

$500K

$600K

NUMBER OF SALES CLOSED 80

441

70 60

COWLITZ COUNTY SALES CLOSED

50

69

40

55

30

18

20

31

10

18

17 28

23

20

22

West County

St. Helens

0

Beacon Hill

Columbia Heights

East County

South County

Northlake

INVENTORY IN UNITS / 09.30.21

North Kelso

North County

Olympic

TOTAL COWLITZ COUNTY INVENTORY / 102

7

7

4

23

1

6

24

8

7

5

+16.7%

+75%

-33.3%

-17.9%

-50.0%

+100.0%

+14.3%

+90.9%

+0.0%

+66.6%

Beacon Hill

Columbia Heights

East County

South County

Northlake

North Kelso

North County

Olympic

West County

St. Helens

2021 Q3 SW WASHINGTON MARKET REPORT

7

clark county BATTLEGROUND

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

208

181

+14.9%

MEDIAN SOLD PRICE

$498K

$408K

+22.1%

31

34

-8.8%

102%

99%

+3.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

49

65

-24.6%

MEDIAN SOLD PRICE

$753K

$615K

+21.3%

13

64

-79.7%

100%

98%

+3.1%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$498K

MEDIAN SOLD PRICE UP +22.1% from 2020

BRUSH PRAIRIE

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

8 2021 Q3 SW WASHINGTON MARKET REPORT

$753K

MEDIAN SOLD PRICE UP +22.4% from 2020

CAMAS

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

203

283

-28.3%

MEDIAN SOLD PRICE

$650K

$535K

+21.5%

23

61

-62.3%

102%

100%

+2.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

195

167

+16.8%

MEDIAN SOLD PRICE

$547

$440K

+24.3%

14

27

-48.1%

102%

100%

+2.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$650K MEDIAN SOLD PRICE UP +21.5% from 2020

FELIDA

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$547K

MEDIAN SOLD PRICE UP +24.3% from 2020

2021 Q3 SW WASHINGTON MARKET REPORT

9

clark county FISHERS LANDING

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

54

67

-19.4%

MEDIAN SOLD PRICE

$508K

$408K

+24.5%

9

19

-52.6%

103%

100%

+3.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

194

180

+7.8%

MEDIAN SOLD PRICE

$467K

$391K

+19.4%

14

28

-50.0%

101%

98%

+3.1%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$508K

MEDIAN SOLD PRICE UP +24.5% from 2020

HEIGHTS-CASCADE PARK

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

10 2021 Q3 SW WASHINGTON MARKET REPORT

$467K

MEDIAN SOLD PRICE UP +19.4% from 2020

HOCKINSON

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

238

261

-8.8%

MEDIAN SOLD PRICE

$549K

$475K

+15.6%

13

53

-75.5%

102%

99%

+3.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

71

65

+9.3%

MEDIAN SOLD PRICE

$559K

$445K

+25.6%

25

35

-28.6%

99%

99%

+0.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$549K

MEDIAN SOLD PRICE UP +15.6% from 2020

LA CENTER

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$559K

MEDIAN SOLD PRICE UP +25.6% from 2020

2021 Q3 SW WASHINGTON MARKET REPORT 11

clark county ORCHARDS

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

92

102

-9.8%

MEDIAN SOLD PRICE

$552K

$460K

+20.0%

21

29

-27.6%

105%

101%

+4.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

196

251

-21.9%

MEDIAN SOLD PRICE

$550K

$469K

+17.3%

25

52

-53.8%

103%

99%

+4.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$552K

MEDIAN SOLD PRICE UP +20.0% from 2020

RIDGEFIELD

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

12 2021 Q3 SW WASHINGTON MARKET REPORT

$550K MEDIAN SOLD PRICE UP +17.3% from 2020

SALMON CREEK

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

170

205

-17.1%

MEDIAN SOLD PRICE

$511K

$449K

+13.8%

17

36

-52.8%

102%

100%

+2.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

455

361

+23.0%

MEDIAN SOLD PRICE

$475K

$400K

+18.8%

12

28

-57.1%

102%

100%

+2.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$511K

MEDIAN SOLD PRICE UP +13.8% from 2020

VANCOUVER

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$475K

MEDIAN SOLD PRICE UP +18.8% from 2020

2021 Q3 SW WASHINGTON MARKET REPORT 13

clark county WASHOUGAL

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

125

113

+10.6%

MEDIAN SOLD PRICE

$595K

$483K

+23.2%

21

31

-32.3%

99%

98%

+1.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

42

59

-28.8%

MEDIAN SOLD PRICE

$582K

$431K

+35.0%

24

36

-33.3%

103%

99%

+4.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$595K

MEDIAN SOLD PRICE UP +23.2% from 2020

WOODLAND

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

14 2021 Q3 SW WASHINGTON MARKET REPORT

$582K

MEDIAN SOLD PRICE UP +35.0% from 2020

cowlitz county BEACON HILL

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

31

30

+3.3%

MEDIAN SOLD PRICE

$364K

$314K

+15.9%

15

15

+0.0%

101%

101%

+0.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

23

14

+64.3%

MEDIAN SOLD PRICE

$365K

$375K

-2.7%

24

19

+26.3%

102%

101%

+1.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$364K

MEDIAN SOLD PRICE UP +15.9% from 2020

COLUMBIA HEIGHTS

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$365K

MEDIAN SOLD PRICE DOWN -2.7% from 2020

2021 Q1 SW WASHINGTON MARKET REPORT 15

cowlitz county EAST COUNTY

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

18

13

+38.5%

MEDIAN SOLD PRICE

$625K

$520K

+20.2%

20

46

-69.6%

101%

98%

+3.1%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

55

58

-5.2%

MEDIAN SOLD PRICE

$455K

$410K

+11.0%

20

41

-51.2%

99%

100%

-1.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$625K

MEDIAN SOLD PRICE UP +20.2% from 2020

KALAMA, SOUTH COUNTY

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

16 2021 Q3 SW WASHINGTON MARKET REPORT

$455K

MEDIAN SOLD PRICE UP +11.0% from 2020

NORTHLAKE

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

18

11

+63.6%

MEDIAN SOLD PRICE

$360K

$318K

+13.2%

17

27

-37.0%

100%

103%

-2.9%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

69

70

-1.4%

MEDIAN SOLD PRICE

$425K

$339K

+24.5%

21

51

-58.8%

100%

99%

+1.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$360K

MEDIAN SOLD PRICE UP +13.2% from 2020

NORTH COUNTY

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$425K

MEDIAN SOLD PRICE UP +24.5% from 2020

2021 Q3 SW WASHINGTON MARKET REPORT 17

cowlitz county NORTH KELSO

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

17

19

-10.5%

MEDIAN SOLD PRICE

$282K

$245K

+15.1%

15

18

-16.7%

100%

100%

+0.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

28

24

+16.7%

MEDIAN SOLD PRICE

$330K

$271K

+21.8%

17

15

+13.3%

101%

101%

+0.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$282K

MEDIAN SOLD PRICE UP +15.1% from 2020

OLYMPIC

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

18 2021 Q3 SW WASHINGTON MARKET REPORT

$330K

MEDIAN SOLD PRICE UP +21.8% from 2020

ST. HELENS

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

22

21

+4.8%

MEDIAN SOLD PRICE

$299K

$260K

+15.0%

15

14

+7.1%

103%

101%

+2.0%

Q3 2021

Q3 2020

CHANGE

TOTAL HOMES SOLD

20

22

-9.1%

MEDIAN SOLD PRICE

$430K

$380K

+13.2%

14

17

-17.6%

101%

99%

+2.0%

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$299K

MEDIAN SOLD PRICE UP +15.0% from 2020

WEST COUNTY

AVERAGE DAYS ON MARKET SOLD/LIST PRICE%

$430K MEDIAN SOLD PRICE UP +13.2% from 2020

2021 Q3 SW WASHINGTON MARKET REPORT 19

*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.