Here is a Clark County report for the period of November these statistics come from the RMLS. This year I saw a complete positive change in our local real estate market. Really low inventory and low interest rates have helped improve our market locally. The demand for housing in Clark County is active and doing much better.
Closed sales compared to November 2011
Up 23% 428 closed homes vs. 348
Inventory status is 5.2
It would take 5.2 months to sell our inventory
2,212 homes for sale keep in mind this includes to be built and short sale pending indicating the real actual number is lower
Today's inventory is 2170 subtract the 523 short sale pending and we have 1647 subtract the to be built the real number maybe less than 1400
Year to date
6,980 new listings - down 15% compared to last year
5,263 pending sales - 3% more accepted offers
5,025 closed sales - up 8.5% compared to last year
Improvements compared to the same period of last year
The average sales price up 4% $221,000 vs. $212,500
The median homes sale price is up 2.8% $192000 vs. $186,900
Building permits
"Experts say the 84 percent year-over-year increase in the county's October housing starts stemmed from dwindling supplies of new
and existing houses for sale and historically low mortgage interest rates. In unincorporated Clark County, builders were issued 61 permits
last month by Clark County's Community Development Department to construct single-family homes valued at $19.3 million total.
The figure compares with 33 permits valued at $11.3 million in October 2011." Reported November 9th 2012 from The Columbian
Foreclosure rate
"The number of Clark County homes in foreclosure rose 33 percent from October to November, and also increased 77 percent from November 2011, according to a report issued Wednesday Foreclosures continued to hobble parts of the U.S. housing market in November as well, as lenders adjusted to new ground rules set forth by the National Mortgage Settlement, according to RealtyTrac.Nationwide, November foreclosures decreased 3 percent from the previous month and were down 19 percent from November 2011." Reported December 12th, 2012 from The Columbian
Best regards,
Bret Bucher
Broker
Sandy Scott Uptown Realty Inc
360-600-5555
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