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Active

Bumpable Buyer

Short Sale Pending

Total Active

ACT-Under Construction

BMP-UC

SSP-UC

ACT-Proposed

BMP-Prop

SSP-Prop

ACT-New

BMP-New

Total Active Listings* Reported in Market Action: 2,329

Less Listings with Purchase Contingencies*: 275

Readily Purchased Listings: 2,054

Percent of Total Active Listings: 88.2%

Less New Under Construction (not ready for occupancy): 168

Less New Proposed (not started): 277

Total Readily Purchased & Occupied Listing: 1,609

Percent of Total Active Listings: 69.1%

Inventory in Months of Readily Purchased & Occupied Listings: 2.7

Source: RMLS™ Regional Multiple Listing Service, Portland Oregon

Clark County, Washington Market Action Addition May 2014

The Clark County, Washington real estate marketplace has some unique characteristics. There is a much higher proportion of active residential listings in Clark County that are Proposed, defined as "not yet under construction", than exists in any other RMLS™ area. This means that there are fewer homes listed as Active that are ready to move into in an immediate timeframe. The Clark County Association of Realtors®, an RMLS™ shareholder, has asked us to produce some additional statistics each month to delve more deeply into the inventory counts in Clark County. The following summary shows the number of homes available for immediate purchase and occupancy.

* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer's current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.

A Publication of RMLS™, The Source for Real Estate Statistics in Your Community

© Copyright RMLS™ 2014. All Rights Reserved.

Residential Review: Southwest Washington May 2014 Reporting Period

May Residential Highlights Activity was on the upswing

this May in Southwest Washington! New listings (1,115) rose 24.9% over April’s 893 but also represented an increase of 20.3% over the 927 new listings posted last May. This was the best May for new listings in Southwest Washington since 2008, when there were 1,312. The 600 closed sales increased 4.3% over last May (575), 14.9% from April (522), and also represent the best May for closings since 2006! Pending sales were also in the black: the 747 accepted offers increased 0.9% over the 740 posted last May and 6.6% over the 701 posted just last month.

Total market time fell again to 98 days in May. Inventory fell slightly to 3.9 months.

Average and Median Sale PricesThe average price over the

first five months of the year was $261,700, an increase of 7.4% from the same period in 2013 when the average price was $243,600. In the same comparison, the median rose 7.1% from $218,000 in the first five months of 2013 to $233,500 in the same period of 2014.

New Listings

Pending Sales

ClosedSales

AverageSale Price

MedianSale Price

Total Market

Time

May 1,115 747 600 263,100 236,300 98

April 893 701 522 265,500 234,900 104

year-to-date 4,170 3,031 2,413 261,700 233,500 108

May 927 740 575 252,200 225,000 108

year-to-date 3,891 2,953 2,348 243,600 218,000 116

May 20.3% 0.9% 4.3% 4.3% 5.0% -9.8%

Prev Mo 2014 24.9% 6.6% 14.9% -0.9% 0.6% -5.8%

year-to-date 7.2% 2.6% 2.8% 7.4% 7.1% -7.1%

2014

2013

Chan

ge

Clark County Residential highlights

*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month.This number includes proposed and under construction homes.

Inventory in Months*2012 2013 2014

January 8.8 6.2 6.4February 7.7 5.6 5.7March 6.4 4.4 4.6April 6.7 4.0 4.1May 5.7 3.8 3.9June 5.4 3.7July 5.4 3.5August 5.1 3.9September 5.6 4.7october 4.7 4.7November 5.2 5.3December 5.1 4.5

Percent Change of 12-Month Sale Price Compared With The Previous 12 Months

Average Sale Price % Change: +9.4% ($257,000 v. $235,000)Median Sale Price % Change:+10.6% ($229,900 v. $207,800)

For further explanation of this measure, see the second footnote on page 3.

Due to significant differences between the counties in Southwest Washington, the Residential Review on pages 1, 3, 4, and 5 contain Clark County data only. For data on Cowlitz County, see the Area Report on page 2, or the graphs on page 6.

2© Copyright RMLS™ 2014. All Rights Reserved.

AREA REPORT • 5/2014 SW Washington

Activ

e Li

stin

gs

New

Lis

tings

Expi

red.

Canc

eled

Lis

tings

Pend

ing

Sale

s

Pend

ing

Sale

s 20

14 v

. 201

31

Clos

ed S

ales

Aver

age

Sale

Pric

e

Tota

l Mar

ket T

ime

3

New

Lis

tings

Pend

ing

Sale

s

Pend

ing

Sale

s 20

14 v

. 201

31

Clos

ed S

ales

Aver

age

Sale

Pric

e

Med

ian

Sale

Pric

e

Tota

l Mar

ket T

ime

Avg.

Sal

e Pr

ice

% C

hang

e2

Clos

ed S

ales

Aver

age

Sale

Pric

e

Clos

ed S

ales

Aver

age

Sale

Pric

e

Clos

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ales

Aver

age

Sale

Pric

e

11 Downtown Vancouver 49 27 4 20 25.0% 12 274,700 54 97 80 11.1% 60 208,600 184,300 74 9.3% 1 245,000 - - 5 163,100

12 NW heights 27 23 3 20 0.0% 17 141,100 40 81 69 -2.8% 62 139,600 137,600 79 15.5% 1 229,300 1 49,000 8 195,000

13 SW heights 52 24 4 9 -47.1% 11 252,800 88 66 53 -10.2% 48 346,400 300,000 159 5.2% 2 542,500 2 64,500 1 130,000

14 Lincoln/Hazel Dell 47 14 1 10 -37.5% 20 205,000 73 108 91 59.6% 85 210,200 200,000 72 5.6% - - 3 80,000 1 246,000

15 E Hazel Dell 88 63 19 44 -2.2% 25 193,000 72 215 151 -20.5% 112 198,900 202,500 88 11.7% - - 3 37,000 2 290,800

20 NE heights 47 29 4 21 -16.0% 20 218,500 60 120 103 17.0% 90 211,300 196,700 62 15.2% - - - - - -

21 orchards 105 46 6 37 2.8% 35 207,900 105 200 147 1.4% 123 197,700 193,000 88 15.7% - - 1 31,600 2 552,900

22 Evergreen 139 81 20 72 4.3% 52 199,500 74 303 242 4.8% 189 201,700 194,900 108 12.9% 2 530,000 2 153,900 5 217,700

23 E heights 48 24 3 16 -11.1% 14 234,400 129 85 69 0.0% 51 245,100 198,000 149 4.4% - - 3 227,000 1 135,000

24 Cascade Park 69 42 9 31 14.8% 21 311,700 109 140 103 6.2% 76 287,700 261,500 92 15.3% - - 1 120,000 6 228,800

25 Five Corners 62 34 7 37 94.7% 29 225,000 53 158 132 65.0% 110 215,400 209,000 75 25.4% 1 650,000 1 375,000 1 240,000

26 E orchards 47 38 4 27 0.0% 10 263,900 110 111 82 -11.8% 52 245,000 234,700 79 9.8% - - - - 1 300,000

27 Fisher's Landing 59 47 4 31 -8.8% 26 237,700 47 158 120 -9.1% 97 276,500 265,900 74 15.9% - - - - - -

31 SE County 32 11 5 4 100.0% 6 326,600 65 41 21 -4.5% 19 421,900 360,700 141 23.9% - - 3 150,700 - -

32 Camas City 189 89 19 48 -4.0% 49 360,500 97 343 226 0.4% 182 351,200 318,000 98 7.2% - - 14 403,700 8 351,100

33 Washougal 194 55 16 38 -15.6% 33 316,300 193 247 157 1.3% 130 284,900 270,000 142 14.8% - - 24 124,400 3 204,000

41 N Hazel Dell 130 66 5 30 -14.3% 37 279,200 81 229 158 24.4% 131 269,700 235,000 109 11.5% - - 10 145,800 - -

42 S Salmon Creek 76 44 15 28 16.7% 16 235,700 55 158 119 5.3% 96 212,800 215,600 108 8.5% - - - - 1 341,200

43 N Felida 119 62 8 38 35.7% 32 293,100 118 222 156 1.3% 133 324,300 298,500 127 12.4% - - 3 152,700 - -

44 N Salmon Creek 123 36 6 27 -27.0% 19 288,100 103 163 107 -22.5% 78 286,100 250,000 101 8.2% - - 5 1,320,300 - -

50 Ridgefield 123 41 7 29 3.6% 20 311,300 95 154 115 3.6% 75 287,100 267,900 127 6.8% 2 992,500 3 354,500 - -

51 W of I-5 County 20 7 2 1 -66.7% 4 361,900 11 32 21 0.0% 15 413,000 357,000 156 -6.0% - - 2 325,500 - -

52 NW E of I-5 County 37 14 - 12 33.3% 5 418,600 278 43 38 5.6% 29 349,200 310,000 255 3.4% - - 7 244,300 - -

61 Battleground 151 59 8 48 11.6% 41 241,200 111 228 170 -4.0% 138 247,500 224,500 128 6.9% - - 9 117,900 2 234,600

62 Brush Prairie 169 81 20 42 7.7% 23 327,100 220 277 180 7.8% 134 326,100 288,900 130 7.0% - - 22 354,300 - -

63 East County 1 1 1 - - 0 - - 3 1 - 0 - - - 12.3% 0 - 0 - 0 -

64 Central County 18 9 3 3 -25.0% 1 395,000 290 20 12 -25.0% 12 382,400 405,000 243 23.7% - - - - - -

65 Mid-Central County 25 8 - 4 -33.3% 6 391,100 192 33 24 20.0% 18 357,900 365,000 204 13.2% - - 3 128,500 - -

66 yacolt 37 15 2 9 200.0% 4 280,400 63 52 32 28.0% 25 242,500 217,500 129 -1.9% - - 1 100,000 - -

70 La Center 24 14 2 7 -36.4% 6 317,000 49 46 34 -20.9% 28 287,100 276,000 116 15.7% - - 1 115,000 1 440,000

71 N Central 16 8 3 2 100.0% 4 232,200 86 22 10 0.0% 9 250,100 225,000 139 7.0% - - 2 93,100 - -

72 NE Corner 6 3 1 2 -33.3% 2 199,800 8 15 8 -11.1% 6 212,600 189,000 43 -7.8% - - - - - -

Grand Total 2,329 1,115 211 747 0.9% 600 263,100 98 4,170 3,031 2.6% 2,413 261,700 233,500 108 9.4% 9 583,800 126 259,700 48 255,100

80 Woodland City 34 10 4 12 71.4% 7 159,700 107 67 50 66.7% 37 193,300 175,000 77 26.4% 2 90,000 4 112,100 - -

81 Woodland Area 40 9 - 6 -25.0% 4 285,100 269 41 22 4.8% 16 281,100 259,300 204 20.5% - - 14 144,000 - -

82 Cowlitz County 259 86 14 48 14.3% 35 164,500 79 333 226 24.2% 183 160,400 149,900 114 6.4% 2 370,500 10 192,000 8 203,600

Grand Total 333 105 18 66 15.8% 46 174,300 100 441 298 27.9% 236 173,700 158,000 114 11.5% 4 230,300 28 156,600 8 203,600

87 Pacific County 165 30 7 12 50.0% 13 178,900 108 124 53 10.4% 48 142,700 129,500 195 16.9% 3 89,000 22 32,700 1 185,000

RESIDENTIAL

Current Month year-To-Date

LAND MuLTIFAMILy

year-To-Date year-To-Dateyear-To-Date

CoMMERCIAL

3© Copyright RMLS™ 2014. All Rights Reserved.

ACTIVE RESIDENTIAL

LISTINGSCLARk CouNTy, WA

This graph shows

the active residential

listings over the past

three calendar years

in Clark County,

Washington.JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2012 2,615 2,532 2,641 2,679 2,710 2,601 2,628 2,533 2,402 2,292 2,212 1,9962013 2,052 2,048 2,033 2,131 2,192 2,328 2,416 2,460 2,522 2,436 2,334 2,1272014 2,177 2,060 2,098 2,117 2,329

1,500

1,700

1,900

2,100

2,300

2,500

2,700

2,900

Active Residential Listings

NEW LISTINGS CLARk CouNTy, WAThis graph shows the

new residential listings

over the past three

calendar years in Clark

County, Washington.

0

200

400

600

800

1,000

1,200

New Listings

2012 2013 2014

1 Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2014 with May 2013. The Year-To-Date section compares 2014 year-to-date statistics through May with 2013 year-to-date statistics through May.

2 % Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/13-5/31/14) with 12 months before (6/1/12-5/31/13).3 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within

31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.

© Copyright RMLS™ 2014. All Rights Reserved.4

This graph represents

monthly accepted

offers in Clark County,

Washington over the past

three calendar years.

PENDING LISTINGS CLARk CouNTy, WA

This graph shows the

closed sales over the past

five calendar years in Clark

County, Washington.

CLoSED SALES CLARk CouNTy, WA

This graph shows the

average market time for

sales in Clark County,

Washington, over the past

three calendar years.

DAyS oN MARkET CLARk CouNTy, WA

200

300

400

500

600

700

800

Pending Sales

2012 2013 2014

0

100

200

300

400

500

600

700

Closed Sales

2010

2011

2012

2013

2014

020406080

100120140160180

Average Total Market Time

2012 TMT 2013 TMT 2014 TMT

© Copyright RMLS™ 2014. All Rights Reserved.5

This graph represents the average and median sale price for all homes sold in

Clark County, WashingtonSALE PRICE

CLARk CouNTy, WA

$150,000

$170,000

$190,000

$210,000

$230,000

$250,000

$270,000

$290,000

$310,000

$330,000

May

-04

Nov

-04

May

-05

Nov

-05

May

-06

Nov

-06

May

-07

Nov

-07

May

-08

Nov

-08

May

-09

Nov

-09

May

-10

Nov

-10

May

-11

Nov

-11

May

-12

Nov

-12

May

-13

Nov

-13

May

-14

Average and Median Sale Price

Average Sale Price Median Sale Price

This graph represents new

listings in Cowlitz County,

Washington over the past

three calendar years.

NEW LISTINGS CoWLITz CouNTy, WA

0

20

40

60

80

100

120

New Listings

2012 2013 2014

© Copyright RMLS™ 2014. All Rights Reserved.6

This graph represents monthly

accepted offers over the past

three calendar years in Cowlitz

County, Washington.

PENDING LISTINGS CoWLITz CouNTy, WA

This graph shows the closed

sales over the past five

calendar years in Cowlitz

County, Washington.

CLoSED SALES CoWLITz CouNTy, WA

01020304050607080

Pending Sales

2012 2013 2014

0

10

20

30

40

50

60

70

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Closed Sales

2010

2011

2012

2013

2014

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

Feb-

09

May

-09

Aug

-09

Nov

-09

Feb-

10

May

-10

Aug

-10

Nov

-10

Feb-

11

May

-11

Aug

-11

Nov

-11

Feb-

12

May

-12

Aug

-12

Nov

-12

Feb-

13

May

-13

Aug

-13

Nov

-13

Feb-

14

May

-14

Average Sale Price AVERAGE SALE PRICE

CoWLITz CouNTy, WAThis graph represents the

monthly average sale price

for all homes sold in Cowlitz

County, Washington.

$ 224,900

Yamhill County

$ 289,800N Portland

$ 329,500 NEPortland

$ 269,600 SEPortland

$ 229,900GreshamTroutdale

SandyCorbettFairview $ 244,900

Mt. Hood:Zigzag

WelchesRhododendron

WemmeBrightwood

Government Camp

$ 285,000Milwaukie/Gladstone/Boring/ClackamasEstacada

$ 275,000Oregon City

CanbyMolalla

Beavercreek

$ 472,500 Lake Oswego

West Linn

$ 380,000 West Portland

$ 375,000North Washington County

Sauvie Island

$ 263,000Beaverton

Aloha

$ 310,400 Tigard/Tualatin

SherwoodWilsonville

$ 235,000Hillsboro

Forest Grove

$ 210,200Columbia County

$219,000 Heights

$169,900Cent. Vancouver

$216,000Cascade Park

$211,7005 Corners

Orch.

$207,500HazelDell

Minnehaha

$255,000Felida

$282,000Salmon Creek

$298,700Camas/Washougal

$355,600

Brush Prairie

Hockinson

$303,700

Ridge�eld/La Center

$253,500

Battle Ground

$205,000

N/NE Clark County$241,900

Woodland

MEDIAN SALE PRICE May 2014

PoRTLANDMETRo

© Copyright RMLS™ 2014. All Rights Reserved.

SW WAShINGToN

MULTIPLE LISTING SERVICE

The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.

Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.

RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.

E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.

Brian Houston, Chairman of the BoardKurt von Wasmuth, President/CEOHeather Andrews, Editor

Lane County: FlorencePO Box 414

Florence, OR 97439(541) 902-2560

Fax: (541) 902-1341

Curry County16289 Hwy 101 S, Suite E

Brookings, OR 97415(541) 469-0219

Fax: (541) 469-9695

Lane County: Eugene2139 Centennial Plaza

Eugene, OR 97401(541) 686-2885

Fax: (541) 484-3854

Southwest Washington1514 Broadway, Suite 101

Vancouver, WA 98663(360) 696-0718

Fax: (360) 696-9342

Douglas County3510 NE EdenbowerRoseburg, OR 97470

(541) 673-3571Fax: (541) 673-6581

Corporate8338 NE Alderwood Rd, Suite 230

Portland, OR 97220(503) 236-7657

Fax: (503) 230-0689

Mid-ColumbiaPO Box 1088

Hood River, OR 97031(541) 436-2956

Fax: (541) 387-6657

Eastern OregonPO Box 751

Hermiston, OR 97838(541) 567-5186

Fax: (541) 289-7320

Coos County1946 Sherman Ave., Suite 101

North Bend, OR 97459(541) 751-1070

Fax: (541) 751-1083

Salem4035 12th Street Cutoff SE, Suite 110

Salem, OR 97302(503) 587-8810

Fax: (503) 585-3817