Clark County WA Real Estate Blog

In today’s market, it seems everyone needs a bit of a reality check.  

For Sellers

• In a good market, where there is 6 months inventory, 2 in 12 homes are selling every month.In today’s market, it’s 2 in 19 homes selling every month.

• Only motivated sellers are selling their homes.

• If a sellers home is not priced right and in excellent condition- it will have trouble selling.

• Sellers should see their home’s competition before putting their home on the market.

• Home staging  adds  $10,000 to the value of a home

• Yard staging adds $10,000 to the value of a home

• Professional photography adds $10,000 to the value of a home (only cost $150.00)

 For Buyers

• 80% of the SW WA homes on market are covered by the FHA/Conventional loan limits of $418,500

• Interest rates are near historic lows

• There is a great selection of homes on the market and sellers are very motivated

• We are at the beginning of the next 10 year market cycle and historically, prices have always gone up from there. 

• The increase in population and other demographics point to a shortage of housing in the next 20 years, which means that price appreciation is almost a certainty.

• The upswing in the Real Estate market will start with the most affordable homes. 

• The spread between the more affordable and higher end homes will shrink, making higher end homes available to step up buyers.

 So that’s my reality for Clark County.

Trackback URI | Comments RSS