A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington May Residential Highlights This month we’re introducing an enhanced Residential Highlights Chart located below. You can now compare measurements for the current month to the previous month as well as the same month last year. Clark County real estate activity increased in almost all measures in May 2012 compared both to May 2011 and the previous month. Only new listings dipped 7.9% when comparing May 2012 to May 2011. Pending sales increased 5.1% comparing May this year and last (558 v. 531) and 9.6% from the previous month this year. The 473 closed sales were a 12.9% increase from 419 in May 2011 and an 18.3% increase compared to the 400 in April 2012. At the May rate of sales, the active listing count of 2,710 would be exhausted in 5.7 months. This
2012
Clark County Residential Highlights
2011
is the lowest inventory in Clark County since June 2006 when it was 4.7. Home prices increased when comparing May to the same period last year. The average sale price rose 4.7% from $219,200 to $229,500, and the median sale price was 3.7% higher, going from $189,900 to $197,000.
Year-to Date When comparing the first five months of 2012 to the same in 2011 the results continue to be mixed. New listings declined 15.1% from 3,931 to 3,338. However, both accepted offers and closed sales rose 6.1% and 5.9%, respectively. Pending sales numbers went from 2,266 to 2,405, while closed sales rose from 1,863 to 1,973. 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.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Inventory in Months* 2010 2011 2012 January 12.4 11.7 8.8 February 11.6 12.1 7.7 March 7.7 8.3 6.4 April 6.6 7.8 6.7 May 6.6 7.9 5.7 June 6.8 6.8 July 12.0 7.3 August 11.9 6.5 September 10.4 6.8 October 11.1 7.2 November 11.7 8.0 December 9.1 6.5 *Inventory in Months is calculated by dividing the Active 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. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: -7.8% ($210,000 v. $227,800) Median Sale Price % Change: -8.8% ($182,500 v. $200,000)
For further explanation of this measure, see the second footnote on page 3.
Median Sale Price
Total Market Time
May
750
558
473
229,500
197,000
144
April
659
509
400
218,700
190,000
170
3,338
2,405
1,973
211,000
180,000
147
814
531
419
219,200
189,900
123
Year-to-date
3,931
2,266
1,863
216,800
190,000
151
May
-7.9%
5.1%
12.9%
4.7%
3.7%
17.9%
Prev Mo 2012
13.8%
9.6%
18.3%
4.9%
3.7%
-15.3%
Year-to-date
-15.1%
6.1%
5.9%
-2.7%
-5.3%
-3.1%
Year-to-date
Change
May 2012 Reporting Period
May
© Copyright RMLS™ 2012. All Rights Reserved.
AREA REPORT • 5/2012 SW Washington RESIDENTIAL
30.4%
50
159,800
136,500
109
-14.1%
-
69
-2.8%
58
108,900
100,300
123
-12.5%
68
23
5
13
0.0%
10
288,300
75
79
51
30.8%
38
207,600
164,800
235
-12.3%
-
41
10
2
9
28.6%
6
191,700
61
51
30
-31.8%
29
179,200
165,000
93
-5.8%
-
107
29
5
21
-34.4%
15
156,800
145
140
108
-6.9%
84
149,700
155,000
155
-10.5%
64
16
3
17
-15.0%
18
166,900
148
86
81
-1.2%
63
158,900
157,000
148
-8.8%
-
108
32
6
36
16.1%
30
165,600
138
154
149
23.1%
124
153,700
144,700
157
-6.6%
-
173
47
9
48
-15.8%
41
170,500
127
249
213
9.2%
182
158,400
151,100
120
-10.0%
50
21
3
11
-15.4%
13
206,700
97
73
58
16.0%
45
195,800
153,000
130
-13.0%
85
37
3
22
22.2%
18
298,400
180
123
85
13.3%
69
231,300
208,500
150
-5.3%
-
-
-
58
19
6
23
35.3%
13
156,600
180
84
74
-18.7%
62
146,200
144,000
116
-5.5%
-
-
-
56
23
3
18
12.5%
21
201,800
134
100
92
22.7%
79
201,800
187,500
127
-2.3%
-
-
63
39
8
34
30.8%
22
205,800
92
120
88
-11.1%
71
206,000
202,700
122
-8.3%
-
-
1
80,000
-
-
42
10
1
6
50.0%
3
377,900
721
38
24
0.0%
22
317,600
287,300
280
-14.7%
-
-
2
137,500
-
-
178
67
17
44
29.4%
40
325,500
171
254
191
14.4%
146
302,300
290,000
165
-12.4%
-
-
14
132,700
4
182,300
259
51
13
25
-21.9%
28
280,000
173
268
149
8.0%
125
221,200
205,000
147
-13.9%
-
-
17
95,800
1
312,000
118
26
9
21
10.5%
16
247,100
141
136
90
-10.9%
68
240,500
201,500
139
-11.6%
-
-
5
109,800
-
-
112
26
11
24
26.3%
25
179,500
134
140
107
11.5%
97
177,000
175,000
122
-8.4%
-
-
6
89,600
-
-
115
39
12
27
28.6%
15
236,200
94
148
107
7.0%
90
271,500
228,300
160
2.4%
-
-
4
898,800
116
39
17
23
43.8%
21
293,700
177
146
97
21.3%
80
254,700
240,000
175
1.9%
-
-
3
150,000
102
14
5
11
-21.4%
12
266,900
188
80
61
5.2%
43
255,400
250,000
154
5.7%
-
-
3
410,000
-
21
Orchards
22
Evergreen
23
E Heights
24
Cascade Park
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
52
NW E of I-5 County
61
Battleground
62
Brush Prarie
63
East County
64
Central County
53
5
1
5
65
Mid-Central County
29
3
1
2
66
Yacolt
30
7
6
5
70
La Center
30
7
1
2
71
N Central
37
6
1
3
72
NE Corner
2
-
6
140,800
1
24,000
6
195,300
-
2
243,800
-
-
-
3
241,000
-
-
6
127,900
121,000 -
-
1
164,500
1
155,000
1
Closed Sales
Closed Sales -
107,000
-
190,000
2
267,500
3
492,500
3
347,500
7
56,900
4
287,300
1
86,000
4
205,600
-
7
470,000
1
203,600
-
-
-
-
-
1
554,000
1
108,200
-
-
45
4
2
1
-66.7%
-
32
8
-20.0%
7
336,100
352,000
258
-13.8%
1
112,000
-
-
56
12
9
11
57.1%
5
355,900
57
65
37
54.2%
23
324,700
325,000
137
14.1%
-
-
1
150,500
-
-
172
45
11
24
-17.2%
29
235,100
121
186
136
-9.9%
113
212,700
190,000
139
-5.6%
-
-
3
126,700
-
-
191
52
19
34
47.8%
27
278,900
128
235
150
26.1%
120
278,700
255,000
143
-4.1%
-
-
6
165,300
-
-
-
-
-
1
37,800
-
-
-
-
-
1
-
New Listings
3
Total Market Time
Average Sale Price
Closed Sales
New Listings
11 12 13 14 15 20
NE Heights
1
Average Sale Price
60
84
Average Sale Price
92
187
Average Sale Price
Closed Sales
2
Avg. Sale Price % Change
61
135,100
Total Market Time
Median Sale Price
154,600
9
Closed Sales
15
-9.5%
Pending Sales 2012
5.9%
19
Pending Sales 2012
Average Sale Price
Pending Sales 2012 v. 2011
Pending Sales 2012 v. 2011
Expired.Canceled Listings
18
3
Active Listings
1
E Hazel Dell
80
Year-To-Date
21
Lincoln/Hazel Dell
81
Year-To-Date
17
SW Heights
82
Year-To-Date
69
NW Heights
87
MULTIFAMILY
64
Downtown Vancouver
Grand Total
LAND
Year-To-Date
1
Current Month
COMMERCIAL
-
1
255,000
74
4
4
100.0%
3
218,300
245,000
87
21.0%
-
-
25.0%
4
319,500
206
43
20
100.0%
18
261,300
266,500
239
-15.2%
-
-
-60.0%
1
279,000
37
20
7
-53.3%
8
248,200
250,000
254
-3.2%
-
-
1
19,000
-
-
150.0%
7
214,200
360
38
26
85.7%
21
192,900
165,000
193
-21.0%
-
-
4
127,300
-
-
-77.8%
5
245,000
144
28
17
-48.5%
21
213,900
213,000
156
-4.2%
-
-
-
-
-
200.0%
2
267,500
64
32
9
-18.2%
8
220,900
177,400
231
1.2%
-
-
3
47,200
-
-
-22.2%
6
151,200
152,500
111
-9.6%
-
-
-
1,973
211,000
180,000
147
-7.8%
105
170,800
33
18
3
1
1
0.0%
1
285,000
322
10
7
2,710
750
194
558
5.1%
473
229,500
144
3,338
2,405
6.1%
6
189,800
-
-
-
226,000
Woodland City
46
5
4
5
0.0%
4
150,600
50
53
25
-30.6%
21
172,300
155,000
110
-2.0%
-
-
1
500,000
-
-
Woodland Area
70
14
5
7
250.0%
2
212,500
867
44
23
43.8%
17
183,000
165,000
197
-9.9%
-
-
5
52,200
-
-
Cowlitz County
283
63
17
35
16.7%
31
142,600
117
276
116
1.8%
99
133,900
127,000
113
-7.8%
2
887,500
12
100,200
2
310,000
Grand Total
399
82
26
47
27.0%
37
147,200
150
373
164
-1.2%
137
145,900
136,000
123
-7.1%
2
887,500
18
109,100
2
310,000
Pacific County
167
21
9
10
0.0%
7
163,300
204
99
38
5.6%
30
136,500
137,500
290
-6.6%
1
111,500
7
17,800
2 © Copyright RMLS™ 2012. All Rights Reserved.
-
-
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 4,000 3,800 3,600
CLARK COUNTY, WA
3,400
This graph shows
3,200
the active residential
3,000 2,800
listings over the past
2,600
three calendar years
2,400
in Clark County,
2,200
Washington.
2,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2010 3,407 3,515 3,487 3,480 3,517 3,575 3,754 3,819 3,734 3,549 3,479 3,156 2011 3,289 3,315 3,227 3,251 3,321 3,335 3,348 3,078 2,995 2,881 2,779 2,590 2012 2,615 2,532 2,641 2,679 2,710
NEW LISTINGS
New Listings
CLARK COUNTY, WA
This graph shows the
1,200
new residential listings
1,000
over the past three
800
calendar years in Clark
600
County, Washington.
400 200 0
2010
1
2011
2012
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2012 with May 2011. The YearTo-Date section compares 2012 year-to-date statistics through May with 2011 year-to-date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/11-5/31/12) with 12 months before (6/1/10-5/31/11).
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™ 2012. All Rights Reserved.
PENDING LISTINGS Pending Sales
CLARK COUNTY, WA
800
This graph represents
700
monthly accepted
600
offers in Clark County,
500
Washington over the past
400
three calendar years.
300 200
2010
2011
2012
CLOSED SALES
Closed Sales
CLARK COUNTY, WA
This graph shows the
600
closed sales over the past
500
five calendar years in Clark
400
County, Washington.
300
2008 2009 2010
200
2011 2012
100 0
DAYS ON MARKET Average Total Market Time
CLARK COUNTY, WA
200 180 160 140 120 100 80 60 40 20 0
This graph shows the average market time for sales in Clark County, Washington, over the past three calendar years.
2010 TMT
2011 TMT
2012 TMT
4 © Copyright RMLS™ 2012. All Rights Reserved.
This graph represents the average sale price for all homes sold in Clark County,
AVERAGE SALE PRICE
Washington
CLARK COUNTY, WA
Average Sale Price $350,000
$300,000
$250,000
$200,000
New Listings
NEW LISTINGS COWLITZ COUNTY, WA
This graph represents new listings in Cowlitz County, Washington over the past three calendar years.
120 100 80 60 40 20 0
2010
2011
5 © Copyright RMLS™ 2012. All Rights Reserved.
2012
May-12
Nov-11
May-11
Nov-10
May-10
Nov-09
May-09
Nov-08
May-08
Nov-07
May-07
Nov-06
May-06
Nov-05
May-05
Nov-04
May-04
Nov-03
May-03
Nov-02
$100,000
May-02
$150,000
PENDING LISTINGS
Pending Sales
COWLITZ COUNTY, WA
80 70
This graph represents monthly
60 50
accepted offers over the past
40 30
three calendar years in Cowlitz
20 10
County, Washington.
0
2010
2011
2012
CLOSED SALES
Closed Sales
COWLITZ COUNTY, WA
50 45
This graph shows the closed
40 35
sales over the past five
30
2008
calendar years in Cowlitz
2009
25
2010 2011
20
County, Washington.
2012
15 10 5 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
AVERAGE SALE PRICE
$350,000
COWLITZ COUNTY, WA
$300,000
DEC
Average Sale Price
This graph represents the
6 © Copyright RMLS™ 2012. All Rights Reserved.
Feb-12
May-12
Nov-11
Aug-11
May-11
Feb-11
Nov-10
Aug-10
Feb-10
May-10
Nov-09
Aug-09
Feb-09
May-09
Nov-08
Aug-08
$100,000
Feb-08
$150,000
May-08
County, Washington.
Nov-07
$200,000
Aug-07
for all homes sold in Cowlitz
Feb-07
$250,000
May-07
monthly average sale price
MULTIPLE LISTING SERVICE
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689 Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342
MEDIAN SALE PRICE May 2012
WASHINGTON
Salem 2110 Mission St. SE, Suite 305 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817 Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County PO Box 6307 Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320
SW
$285,000 N/NE Clark County
$213,400
PORTLAND METRO
$160,000 Woodland
$261,500
Battle Ground
Ridgefield/La Center
$ 124,500 Columbia County $240,000 Salmon Creek $217,300 Felida
$ 350,000 North Washington County Sauvie Island
$248,000 Brush Prairie Hockinson
$168,300 Hazel Dell Minnehaha
$158,000 5 Corners Orch.
$155,800 Cent. Vancouver
$180,000 Cascade Park
$183,900 Heights
$ 225,200 N Portland
$ 196,600 Hillsboro Forest Grove
$ 201,500
$ 353,000 West Portland
Beaverton Aloha
Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083
$ 250,000 Tigard/Tualatin Sherwood Wilsonville
$310,000 Camas/Washougal $ 266,300 NE Portland $ 201,500 SE Portland $ 223,400
$ 374,500
Milwaukie/Gladstone/ Boring/Clackamas Estacada
$ 178,000 Gresham Troutdale Sandy Corbett Fairview
Lake Oswego West Linn
$ 170,000
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
$ 218,000 Oregon City Canby Molalla Beavercreek
Yamhill County
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County. RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Steve Lucas, Chairman of the Board Kurt von Wasmuth, President/CEO Mary-Frances Makichen, Editor
© Copyright RMLS™ 2012. All Rights Reserved.
$ 232,500 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp