Clark County WA includes the cities of Vancouver, Camas, Ridgefield, Battleground, Washougal, and other outlining small towns. This Clark County WA and Portland Oregon Market Report is a quick snapshot of the activity in August 2020.
Quick Table of Contents
- Median Sales Price for Homes in Clark County, Washington
- Average Time on Market for Clark County Washington
- Buyer Financing in Clark County
- Clark County Washington Housing Market
- Existing Home Sales for Clark County, Washington
- New Listings by Year and Month in Clark County Washington
- Portland Oregon Housing Market
- Portland Oregon and Clark County Washington Median Sales Price
- Contact Me
Median Sales Price for Homes in Clark County, Washington
The median sales price for single-family homes in Clark County was $436,700 as of August 2020. In August of 2019, the median sales price was $399,050 which reflects a whopping 14.67% increase compared with the previous 12 months.
|Month||Median Sale Price||% Previous Year|
Average Time on Market for Clark County Washington
August 2020 average Cumulative Days on Market(CDOM) was 46 days in Clark County Washington.
The chart below shows the monthly inventory levels over the last three years. Inventory levels under 6 months indicate a seller’s market because of low inventory and high demand for housing.
Buyer Financing in Clark County
The Graph below shows the types of home loan buyers used to purchase a home in August 2020. Conventional financing and CASH were primarily used followed by VA and FHA. Why is this important? in Clark County Wa, Vancouver, And Portland OR sellers are selecting offers based on down payment and loan type. Some loans have strict criteria that can affect the appraised value and possible repairs required to obtain financing. For Example, a seller may have concerns about the condition of the roof and will avoid offers with FHA and VA loans because of their guidelines for the condition of a home. Neighborhoods in Vancouver WA, Camas WA, and Ridgefield WA are seeing the bulk of activity due to the highly rated schools and proximity to amenities.
Clark County Washington Housing Market
COVID 19 and the increased unemployment numbers have done little to slow down our smoking hot housing market. Extremely low inventory and an abundance of buyers continue to fuel a flurry of multiple offers especially in homes for sale under $400,000. Sellers are in a great position when negotiating favorable terms including over asking offers, little to no inspection contingencies, and rent back to the sellers after closing.
Buyers are under extreme pressure to make a purchase decision within a day and in many cases within hours after touring. Having an aggressive offer strategy is a must. Multiple offer listings are seeing offers in cities like Vancouver WA anywhere from $10,000- 20,000 over list price.
Existing Home Sales for Clark County, Washington
August 2020 data shows 414 sold homes, 522 pending sales, and 527 newly listed homes. The median sold price in the last 12 months was $359,900. The highest concentration of buyers are qualified and looking to purchase in the $300,000 – $400,000 range. Neighborhoods in Vancouver WA, Camas WA, and Ridgefield WA are seeing the bulk of activity due to the highly rated schools and proximity to amenities.
New Listings by Year and Month in Clark County Washington
Listing activity was at an all-time low in the spring and summer months leading to a bottleneck in meeting our buyer demands for housing.
Wondering how much your house might sell for in today’s Vancouver Washington or Portland Oregon Real Estate Market? Use this instant home value estimate or call 360-975-7050. We serve Vancouver Washington, Portland Oregon
Portland Oregon Housing M
The Portland, Oregon housing market continues to see a very high demand for housing and low levels of inventory. The chart below shows one month drop from the previous four years. Sellers are in most cases seeing multiple offers with less than a week of activity before accepting an offer.
August 2020 Median sales price in Portland Oregon Metro increased 7.5% $449,000 compared to $417,000 in August 2019. The total market time was 41 days in August 2020 compared to 48 days in August 2019.
Portland Oregon and Clark County Washington Median Sales Price
Many buyers consider the option of living in Portland Oregon or Clark County, WA. The Clark County WA and Portland Oregon Market Report graph and map below provide a comparison of the median sales price for these areas.
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