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Home Prices Continue To Rise

Posted October 1, 2017 in Real Estate Trends

Scott Hogan, Clark County WA real estate agent

The median home price of Clark County homes in the second quarter of this year was $339,200, according to the Washington Center of Real Estate Research. That’s an increase of 15.6% compared to a year before. The Center does not report average price, but estimates that figure to be 15-20% higher still, or over $400,000! What does this mean to buyers and sellers, Realtors and lenders? Quite a bit.

Rising home values can cause once-reluctant sellers to list their home for sale. Move up buyers can get top-dollar for their existing home. A lack of supply means homes priced correctly are certain to attract attention from buyers. Buyers better have their financing ready and not wait when they find their dream home, as there are other buyers waiting in the driveway to look at it! Affordability is the downside, with a shortage of supply driving up prices and leaving Clark County ranked 30[th] among the state’s 39 counties in the comparison of incomes versus home prices. It’s hard, and getting harder, for first-time homebuyers to buy a home in Clark County.

Planning for growth and allowing for responsible, smart growth, will be the key to maintaining the quality of life that drew us to this area in the first place. We are a proud member of both the Columbia River Economic Development Council and the Chamber of Commerce, and share their goals of attracting family-wage jobs to our side of the Columbia River and improving the infrastructure so we can get to those jobs. More jobs means more people living here. We’d like our community to be visionary, and plan for continued economic success and the changes that will bring.

Clark County Title is focused on more than real estate and jobs. Since 1980, we’ve been a local member of our community, giving back through charitable efforts and involvement that demonstrates the concept of “giving back.” We’re proud of our employee’s contributions to local causes, both as a company and individually. We’re happy to be a home-grown, local, independent business in an increasingly corporate world.

Let us know if there is anything we can do to be of service to you — since 1980, we’ve been your local title company! Thank you on behalf of the local professionals of Clark County Title!

Scott Hogan
Clark County Title
Scott@ClarkCountyTitle.com
360.694.4722 | 1400 Washington St., Ste. 100, Vancouver, WA 98660
360.787.9197 | 3200 SE 164[th] Ave., Ste. 219, Vancouver, WA 98683