Residential Duplex Market in Vancouver, Washington
Questions about duplexes have been coming up quite often recently. It seems that the expectations of buyers and owners in this market segment continues to soar, even after the market has cooled. I looked at several geographic areas of the market. Following are the statistics and trends that I found.
Looking at Vancouver, Harney Heights to Hazel Dell, duplexes only:
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Looking at the I-205 corridor out to State Route 500:
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In the first example, which is older housing stock, the trend has been consistent. Duplex prices have been rising while marketing time has also been rising. This suggests an arrival of price stabilization, if not softening.
In the second data group the market has been rising. There is a mixed message. Prices rose then fell back a little, on average. At the same time the average days on market rose then fell back somewhat. This makes it hard to tell what will happen next.
Even though more money has been injected into the system and interest rates have fallen the market could still soften more.
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