Clark County WA includes the cities of Vancouver, Camas, Ridgefield, Battleground, Washougal, and other outlining cities. This Clark County WA and Portland Oregon Market Report is a snapshot of the activity in March 2021.
Quick Table of Contents
- Median Sales Price for Homes in Clark County, Washington
- Average Time on Market for Clark County, Washington
- Available Inventory by Months in 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 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 $431,400. In March of 2020, the median sales price was $388,400 which reflects an 11.1% increase. The average sales price difference began to skyrocket beginning in August 2020 averaging a 14.26 increase from the previous year.
|Month||Median Sale Price||Average Previous Year|
Average Time on Market for Clark County, Washington
March 2021 average Cumulative Days on Market(CDOM) was 46 days in Clark County Washington.
Available Inventory by Months in Clark County, Washington
The data below shows the monthly inventory levels over the last three years. Inventory levels under 6 months are considered a seller’s market.
Buyer Financing in Clark County
The Graph below shows the types of home loan buyers used to purchase a home in the last twelve months. Conventional financing and CASH were primarily used followed by FHA, CASH, and VA. 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+ over list price.
Existing Home Sales for Clark County, Washington
Monthly sales data is a good indicator of real estate sales trends including inventory levels and days on market. As inventory shrinks the % change over the last nine months is punching values at an unsustainable rate and will remain as long as demand stays high.
New Listings by Year and Month in Clark County Washington
The pandemic impacted spring listing activity. Inventory levels in 2020 dropped during the height of the listing season creating the shortage we are experiencing in 2021.
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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