Current Real Estate Market Report
Posted November 25, 2017 in Real Estate Trends
Here are some figures to digest along with the turkey leftovers in the fridge: the median home sale price in the third quarter of this year was $342,000 in Clark County, 13.8% higher than a year ago. That’s according to the Washington Center for Real Estate Research. Statewide, median home prices ranged from a high of $658,400 in King County to $93,000 in Lincoln County (between Wenatchee and Spokane). A look at the trend line over the past 10 years shows that we passed the high point of the pre-recession real estate market and just kept going higher. What does the future hold? The crystal ball is cloudy, but one conclusion is clear: affordability is down.
Affordable housing in Clark County is very hard to find. Only 9.8% of homes on the market are priced below $250,000. In fact 33.5% are priced above $500,000. For the first time home buyer (or many with a salary around the Clark County median household income of $58,000), it’s very hard to buy a home. We support measures that increase affordability to make sure that the American dream of homeownership remains possible.
Clark County Title has been an active member of the real estate community since 1980. Our job is to do title research on properties and close escrows on purchase and sale transactions and when an owner refinances their loan. Working with Realtors and mortgage lenders is the backbone of our business, making sure these professionals have the tools and information to better serve their customers. We’re honored to be the preferred title company of many of the BEST Realtors and lenders in our Clark County. We make these professionals happy by being courteous, attentive, and accurate with home buyers and sellers as they progress through their important transaction.
Make Clark County Title a resource to help you! Allow us to close your next transaction and we’ll show you what we mean by our motto “Service Is the Difference.” We’re your home-grown, local, independent title company in an increasingly corporate world.
Happy Thanksgiving from the local title and escrow professionals of Clark County Title!
Clark County Title
360.694.4722 | 1400 Washington St., Ste. 100, Vancouver, WA 98660
360.787.9197 | 3200 SE 164[th] Ave., Ste. 219, Vancouver, WA 98683