The real estate market as a whole did not do well in 2010 - closed sales declined 4.8% and average sales price dropped 0.7%. Not all neighborhoods in Vancouver and SW Washington felt the pain equally. Average sale price increased in Camas (6.8%), North Hazel Dell (6.4%), and North Salmon Creek (11.8%), compared with 2009. The number of pending sales in both Hazel Dell and Salmon Creek were significanty higher than they were in December 2009, indicating that the market in those neighborhoods has started its recovery.
Other neighborhoods saw a far more dramatic decrease in price, compared with the area average. In the SW Heights, although the number of pending sales in 2010 increased 19.7% over 2009, the average sales price dropped 46.4%. This combination of falling prices but increased sales activity should result in a a higher average sale price in the upcoming year, making the SW Heights an attractive investment for savvy buyers.
No comments:
Post a Comment