Real Estate Values Are Up in Vancouver, Washington

Posted by Matthew Lahti on Wednesday, September 4th, 2013 at 8:47pm

If you're planning on buying or selling real estate in Vancouver or anyplace else in Southwest Washington, it's useful to know what the average homes are going for. You can then see if the property you're interested in is a bargain or overpriced. Zillow reports on these prices, which are current as of the date of this post.

  • Home values are up to $192,600, which equals 17.9 percent, in the twelve months ending July 2013. This represents the median values of all properties that are both on the market and not for sale.
  • The median list price is $213,000, up 15.1 percent. The median sales price is up 16.7 percent to $204,000.
  • The area with the highest-valued properties is Old Evergreen Highway at $441,600, which is up 9.9 percent. The one with the biggest increase is Fruit Valley at 31 percent to $126,200. Bagley Downs has the homes with the most inexpensive values at $120,200, up 19.8 percent.
  • Rents are up by 8 percent to a median $1,000 per month. Fishers Landing East shows the highest payments at $1,500, while Rose Village is a bargain at $700. These amounts are causing more people to look at buying homes, instead of wasting their monthly payments.

Those looking to move to the area will find that over half of the residents are married, a quarter are single, and over 14 percent are divorced.

  • About 70 percent of the households do not have kids, with the average household size being 2.5, very close to the national average of 2.6.
  • Median household income runs $41,618 per year, less than the national average of $44,512. The average worker commutes for 24 minutes, slightly less than the 26 minutes for the entire country. However, over a third commute for only 10 to 20 minutes, while close to a quarter take from 20 to 30 minutes.

For more information about buying or selling in Southwest Washington, please contact us.

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