Clark County, Washington Market Action Addition
May 2019
The Clark County, Washington real estate marketplace has some unique characteristics. There is a much higher proportion of active residential listings in Clark County that are Proposed, defined as "not yet under construction", than exists in any other RMLS™ area. This means that there are fewer homes listed as Active that are ready to move into in an immediate timeframe. The Clark County Association of Realtors®, an RMLS™ shareholder, has asked us to produce some additional statistics each month to delve more deeply into the inventory counts in Clark County. The following summary shows the number of homes available for immediate purchase and occupancy.
Total Active Listings* Reported in Market Action: Less Listings with Purchase Contingencies*: Readily Purchased Listings: Percent of Total Active Listings:
1,850 67 1,783 96.4%
Less New Under Construction (not ready for occupancy):
125
Less New Proposed (not started):
278
Total Readily Purchased & Occupied Listing: Percent of Total Active Listings:
Inventory in Months of Readily Purchased & Occupied Listings:
1,380 74.6%
1.7
* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer's current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.
Source: RMLS™ Regional Multiple Listing Service, Portland Oregon
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington May Residential Highlights Southwest Washington saw some mixed activity this May, with some measures falling just short of last May. Pending sales, at 904, increased 2.3% compared with May 2018 and 3.1% compared with April 2019. Closed sales, at 795, fell 0.7% short of the 801 closings recorded last year in May 2018, despite a 17.6% increase over the 676 closings recorded last month in April 2019. New listings, at 1,272, similarly fell 0.8% short of May 2018 (1,282) but had a 11.6% increase over April 2019 when 1,140 new listings were offered.
May 2019 Reporting Period
Year to Date Summary Activity is mixed in 2019 compared with 2018. New listings (5,081) are up 4.5%, whereas pending sales (3,786) are down 0.1% and closed sales (3,187) are down 3.5%. Average and Median Sale Prices Comparing 2019 to 2018 through May, the average sale price has increased 3.8% from $385,600 to $400,100. In the same comparison, the median sale price has increased 4.1% from $350,000 to $364,400. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +5.8% ($398,400 v. $376,400)
Inventory decreased slightly in May to 2.3 months, and total market time decreased to 49 days.
Inventory in Months* 2017 2018 2019 January 2.2 2.2 3.2 February 2.0 1.9 2.9 March 1.6 1.6 2.4 April 1.9 1.7 2.4 May 1.6 1.8 2.3 June 1.6 2.1 July 1.9 2.3 August 1.8 2.3 September 2.2 2.9 October 2.1 2.7 November 2.0 2.9 December 1.8 2.9 *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month.This number includes proposed and under construction homes.
Median Sale Price % Change: +5.9% ($360,000 v. $340,000)
For further explanation of this measure, see the second footnote on page 3.
Due to significant differences between the counties in Southwest Washington, the Residential Review on pages 1, 3, 4, and 5 contain Clark County data only. For data on Cowlitz County, see the Area Report on page 2, or the graphs on page 6.
Change
2018
2019
Clark County Residential Highlights
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
May
1,272
904
795
410,200
375,000
49
April
1,140
877
676
391,000
360,000
58
Year-to-date
5,081
3,786
3,187
400,100
364,400
63
May
1,282
884
801
396,300
360,000
40
Year-to-date
4,860
3,791
3,303
385,600
350,000
52
May
-0.8%
2.3%
-0.7%
3.5%
4.2%
23.0%
Prev Mo 2019
11.6%
3.1%
17.6%
4.9%
4.2%
-15.5%
Year-to-date
4.5%
-0.1%
-3.5%
3.8%
4.1%
20.4%
© Copyright RMLS™ 2019. All Rights Reserved.
AREA REPORT • 5/2019
SW Washington
RESIDENTIAL
MULTIFAMILY
Year-To-Date
Year-To-Date
25
Five Corners
26
E Orchards
27
Fisher's Landing
31
SE County
32
Camas City
33
Washougal
41
N Hazel Dell
42
S Salmon Creek
43
N Felida
44
N Salmon Creek
50
Ridgefield
51
W of I-5 County
12
5
2
3
-25.0%
4
543,800
94
16
16
45.5%
18
611,200
483,000
107
2.8%
-
-
8
315,800
-
-
52
NW E of I-5 County
22
13
6
4
-50.0%
6
536,700
84
46
25
-35.9%
23
567,300
525,000
118
1.4%
-
-
7
185,000
-
-
61
Average Sale Price
24
Cascade Park
Battleground
145
97
18
65
-11.0%
67
385,400
48
363
273
2.6%
234
397,000
360,000
71
6.7%
9
265,700
-
-
62
Closed Sales
Average Sale Price
23
E Heights
Brush Prairie
222
120
22
94
36.2%
88
422,700
59
542
371
0.8%
301
425,600
385,000
74
1.5%
-
-
12
279,500
-
-
63
Closed Sales
Average Sale Price
22
Evergreen
East County
2
1
0
0
-
0
-
-
3
1
0.0%
1
397,500
397,500
24
15.2%
-
-
-
-
64
Closed Sales
2
21
Orchards
Central County
5
7
0
3
0.0%
2
474,500
5
18
11
10.0%
11
475,100
441,800
40
2.2%
-
-
1
285,000
-
-
65
Avg. Sale Price % Change
20
NE Heights
Mid-Central County
10
9
1
2
-66.7%
2
620,000
276
21
17
-5.6%
15
480,300
464,000
130
-6.3%
-
-
8
210,400
-
-
66
Total Market Time
15
E Hazel Dell
Yacolt
29
16
3
14
133.3%
13
378,900
60
72
57
54.1%
45
375,500
340,000
68
1.8%
-
-
5
131,700
-
-
70
Median Sale Price
Average Sale Price
14
Lincoln/Hazel Dell
La Center
30
23
1
11
57.1%
7
474,800
126
68
39
11.4%
26
449,100
444,000
138
17.3%
-
-
3
142,200
-
-
71
Closed Sales
Pending Sales 2019 v. 2018
13
SW Heights
N Central
9
4
2
5
-28.6%
3
263,300
13
24
23
4.5%
14
347,400
346,500
89
1.0%
-
-
3
266,700
-
-
72
New Listings
Pending Sales
3
Total Market Time
Average Sale Price
12
NW Heights
NE Corner
3
3
0
0
-
0
-
-
7
6
200.0%
7
477,300
464,400
126
41.0%
-
-
1,850
1,272
174
904
2.3%
795
410,200
49
5,081
3,786
-0.1%
3,187
400,100
364,400
63
5.8%
80
Closed Sales
Pending Sales 2019 v. 2018
11
Downtown Vancouver
Woodland City
27
16
3
15
36.4%
9
291,800
13
79
63
12.5%
54
308,100
300,000
52
10.7%
-
-
81
Pending Sales
Expired.Canceled Listings
LAND
Year-To-Date
Woodland Area
25
18
2
14
-12.5%
8
414,100
62
48
33
0.4%
20
423,300
407,900
113
13.8%
-
-
82
New Listings
Active Listings
COMMERCIAL
1
Year-To-Date
1
Current Month
Cowlitz County
162
139
16
99
-1.0%
82
287,100
37
477
405
2.5%
357
277,600
260,000
55
8.3%
3
Cowlitz County Total
214
173
21
128
0.8%
99
297,800
37
604
501
2.7%
431
288,200
280,000
57
9.0%
Pacific County Total
79
28
4
20
-20.0%
19
236,300
112
105
68
-5.6%
57
227,200
216,000
123
1.1%
87
Clark County Total
33
30
14
15
29
22
24
3
22
29.4%
22
367,600
24
108
80
19.4%
66
342,100
321,500
41
8.6%
17
-32.0%
13
234,300
18
86
77
-11.5%
79
260,600
264,000
31
4.5%
3
13
18.2%
9
465,600
60
73
54
-1.8%
50
449,500
369,300
66
32.3%
-
-
25
3
16
23.1%
7
396,600
42
70
59
3.5%
45
399,600
388,700
74
15.9%
-
-
53
71
9
45
7.1%
41
317,600
41
243
216
2.9%
184
316,100
327,800
52
5.5%
31
41
5
28
-15.2%
23
355,100
33
126
105
-12.5%
91
324,300
320,000
45
9.3%
41
53
7
47
14.6%
40
342,800
30
197
182
-5.7%
150
321,500
315,500
46
9.0%
65
79
6
67
-1.5%
67
363,600
46
321
291
-1.7%
264
329,000
311,700
49
7.7%
-
-
22
17
1
18
-10.0%
10
423,000
77
76
63
-25.0%
54
390,600
328,000
56
0.4%
-
41
39
2
32
-11.1%
21
422,800
44
121
96
-15.0%
72
401,600
352,000
70
-4.0%
29
24
4
16
-30.4%
16
320,100
30
103
77
-22.2%
71
327,800
315,000
40
73
51
12
40
-2.4%
31
419,400
33
246
187
28.1%
157
420,300
409,900
32
36
3
24
-4.0%
15
364,400
29
117
92
-10.7%
74
372,000
13
7
1
7
40.0%
9
670,400
45
32
26
-3.7%
19
241
103
11
80
21.2%
65
523,600
44
526
328
14.7%
110
65
5
49
44.1%
46
473,400
45
264
180
58
51
3
25
-28.6%
20
424,100
27
165
116
47
48
5
27
-27.0%
23
368,100
20
152
124
108
63
7
37
23.3%
22
428,600
65
217
159
73
24
55
-3.5%
54
426,500
92
358
138
61
5
38
-9.5%
49
431,600
61
-
-
1
1
333,400
1
652,000
5
412,800
2
210,500
-
9
424,200
4
393,800
2
455,000
2
608,900
-
1
-
-
92,500
-
1
176,000
-
-
1
1,160,000
-
5
617,300
-
2
465,500
1
320,000
-
-
4
682,500
1
431,900
9.7%
-
-
46
11.7%
-
-
366,300
32
1.7%
-
-
602,200
495,000
79
4.5%
-
-
233
537,600
490,000
68
5.0%
-6.3%
157
430,700
399,900
77
1.1%
-10.8%
107
390,700
368,500
45
-17.9%
113
339,800
320,000
152
4.1%
132
458,300
233
-6.0%
188
432,900
300
209
21.5%
186
2
-
-
2,400,000
-
-
-
1
-
180,000 -
10
178,400
19
300,100
-
-
-
-
-
-
-
1
520,000
10
202,700
11.2%
1
1,250,000
2
108,500
48
4.4%
1
1,161,800
1
72,000
435,000
83
-1.4%
7
246,600
-
396,100
84
5.4%
1
305,000
4
366,900
-
434,600
427,600
70
4.9%
-
-
2
111,900
© Copyright RMLS™ 2019. All Rights Reserved.
-
-
-
-
1
8
365,000
873,400
-
-
-
-
127 -
455,500
2
1,385,000
1
1,440,000
-
-
1
-
267,000 -
2
677,000
31
-
569,200 -
13
206,100
-
343,300
42
111,500
6
220,600
3
343,300
55
133,900
6
220,600
2
399,500
31
52,100
-
-
-
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 2,200 2,000
CLARK COUNTY, WA
1,800
This graph shows
1,600
the active residential
1,400
listings over the past
1,200
three calendar years
1,000
in Clark County, Washington.
800
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2017 1,085 969 1,039 1,114 1,241 1,357 1,495 1,550 1,615 1,554 1,373 1,113 2018 1,018 1,028 1,048 1,185 1,462 1,654 1,845 1,898 1,979 1,839 1,755 1,489 2019 1,503 1,476 1,532 1,642 1,850
NEW LISTINGS CLARK COUNTY, WA
New Listings
This graph shows the
1,400
new residential listings
1,200
over the past three calendar years in Clark County, Washington.
1,000 800 600
400 200
2017
1
2018
2019
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2019 with May 2018. The YearTo-Date section compares 2019 year-to-date statistics through May with 2018 year-to-date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/18-5/31/19) with 12 months before (6/1/17-5/31/18).
3
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
3
Š Copyright RMLS™ 2019. All Rights Reserved.
PENDING LISTINGS
Pending Sales
CLARK COUNTY, WA
This graph represents
1,100 1,000
monthly accepted
900
offers in Clark County,
800 700
Washington over the past
600 500
three calendar years.
400 300
2017
2018
2019
CLOSED SALES
Closed Sales
CLARK COUNTY, WA 900
This graph shows the
800
closed sales over the past
700
five calendar years in Clark County, Washington.
600 2015
500
2016
400
2017
300
2018
200
2019
100 0
DAYS ON MARKET
Average Total Market Time
CLARK COUNTY, WA
100
This graph shows the
90 80
average market time for
70
sales in Clark County,
60 50
Washington, over the past
40
three calendar years.
30 20
2017 TMT
2018 TMT
2019 TMT
4
© Copyright RMLS™ 2019. All Rights Reserved.
This graph represents the average and median sale price for all homes sold in
SALE PRICE
Clark County, Washington
CLARK COUNTY, WA
Average and Median Sale Price $450,000 $400,000 $350,000 $300,000
$250,000
Average Sale Price
Median Sale Price
New Listings
NEW LISTINGS COWLITZ COUNTY, WA
This graph represents new listings in Cowlitz County, Washington over the past three calendar years.
200 180 160 140 120 100 80 60 40 20
2017
5
2018
© Copyright RMLS™ 2019. All Rights Reserved.
2019
May-19
Nov-18
May-18
Nov-17
May-17
Nov-16
May-16
Nov-15
May-15
Nov-14
May-14
Nov-13
May-13
Nov-12
May-12
Nov-11
May-11
Nov-10
May-10
Nov-09
$150,000
May-09
$200,000
PENDING LISTINGS
Pending Sales
COWLITZ COUNTY, WA
150 130
This graph represents monthly
110
accepted offers over the past
90
three calendar years in Cowlitz
50
70 30
County, Washington.
10
2017
2018
2019
CLOSED SALES
Closed Sales
COWLITZ COUNTY, WA
120
This graph shows the closed
100 80
sales over the past five
2015
calendar years in Cowlitz
2016
60
2017
County, Washington.
2018
40
2019
20
DEC
Average Sale Price $350,000
$300,000
6
© Copyright RMLS™ 2019. All Rights Reserved.
Feb-19
May-19
Nov-18
Aug-18
$100,000
Feb-18
$150,000
May-18
County, Washington.
Nov-17
$200,000
Aug-17
for all homes sold in Cowlitz
Feb-17
$250,000
May-17
monthly average sale price
NOV
Nov-16
This graph represents the
OCT
Aug-16
COWLITZ COUNTY, WA
SEP
Feb-16
AVERAGE SALE PRICE
AUG
May-16
JUL
Nov-15
JUN
Aug-15
MAY
May-15
APR
Feb-15
MAR
Nov-14
FEB
Aug-14
JAN
May-14
0
MULTIPLE LISTING SERVICE
Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657
MEDIAN SALE PRICE May 2019 SW WASHINGTON
communications@rmls.com
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™. Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
PORTLAND
RMLS was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
$280,000 N/NE Clark County
$360,000 $450,000
Battle Ground
Ridgefield/La Center
METRO
$ 315,000 Columbia County $392,000 Salmon Creek
$390,000 Brush Prairie Hockinson
$415,500 Felida
$328,700 Hazel $323,500 5 Corners Dell Minnehaha Orch.
$ 520,000 North Washington County
$319,000 Cent. Vancouver
Sauvie Island
$394,500 Heights
$ 408,000 N Portland
$ 399,900 Hillsboro Forest Grove
$ 400,000
$ 555,000 West Portland
Beaverton Aloha
$ 444,500 Tigard/Tualatin Sherwood Wilsonville $ 353,000
™
$319,000 Woodland
$462,500 Camas/Washougal $ 490,000 NE Portland $ 381,000 SE Portland $ 419,500
$ 605,000
$350,000 Cascade Park
Milwaukie/Gladstone/ Boring/Clackamas Estacada
$ 355,000 Gresham Troutdale Sandy Corbett Fairview
Lake Oswego West Linn $ 421,500 Oregon City Canby Molalla Beavercreek
Yamhill County
Pat Kaplan, Chairwoman of the Board Kurt von Wasmuth, President/CEO Tyler Chaudhary, Editor
© Copyright RMLS™ 2019. All Rights Reserved.
$ 315,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp