A Look at Pebble Creek Farms
I just did a study of the recent activity in Pebble Creek Farms in northeast Vancouver, Washington. The housing stock reviewed was ranch style houses built since 1990.
In the last 12 months there were about 74 sales, suggesting an absorption rate of 6.17 houses per month. With about 23 houses listed there is a 3.73 month supply on the market. That doesn’t seem bad.
Looking at the last six months activity there were 33 sales. That is 5.50 sales per month, or a 4.18 month supply based on 23 listings.
Of those 33 sales the average sales price was $225,603. The sale price to listing price ratio was 98.02%. The average days on market were 40 days. However, looking at current listings the average days on market was 74 days. So, it is increasing.
Pacific West Appraisal Services, Inc.
pwas.net
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