Clark County First Quarter
Year Median Price
2011 $194,200
2010 $218,100
2009 $224,100
2008 $257,400
2007 $277,900
SOURCE: Washington Center for Real Estate Research, Pullman
Home values across Washington plummeted in the first three months of the year, and Clark County was no exception, according to just-released state research data.
That could be good news for first-time home buyers, according to the report from the Washington Center for Real Estate Research, which showed statewide home prices softened by 4.5 percent in the first quarter, compared with the last three months of 2010. Meanwhile, total home sales increased 6.5 percent in the first quarter, compared with the fourth quarter 2010, reported the research center, based at Washington State University in Pullman.
Despite rising sales in Clark County, the median price — half sold for more, half for less — was $194,200 in the first quarter, down 8.1 percent from the previous quarter and significantly lower than the statewide median of $228,200.
Statewide, first-quarter prices dropped to $228,200 in the first quarter, compared with $239,000 in the last three months of 2010.