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News / Business

Parade of Homes show drawing big crowds

Event continues Wednesday through Sunday in Felida

By Gordon Oliver, Columbian Business Editor
Published: July 22, 2014, 12:00am
3 Photos
Photos by Steve Dipaola for the Columbian
The Finleigh, by Cascade West Develoment, features four bedrooms and 4.5 baths in its two floors. The home is designed with both contemporary and traditional elements suitable for family living.
Photos by Steve Dipaola for the Columbian The Finleigh, by Cascade West Develoment, features four bedrooms and 4.5 baths in its two floors. The home is designed with both contemporary and traditional elements suitable for family living. Photo Gallery

The NW Natural Parade of Homes is drawing large crowds to Erickson Farms in Felida, with the number of visitors tracking at nearly double last year’s attendance, according to the Building Industry Association of Clark County, an event sponsor.

“The crowds have been wonderful. The weather is wonderful. We couldn’t ask for a better show,” said the association’s executive director, Avaly Scarpelli. From the show’s opening on July 11 through last weekend, it has been tracking at a 94 percent increase in visitors compared to last year, she said.

The Parade of Homes features eight luxury homes by seven builders, and all but two of the homes have been sold, she said. Builders already are excited about participating in next year’s show and are confident that they can build homes on speculation, or without advance buyers, that can be sold in the current strong real estate market, she said.

The show’s success comes at a time when Clark County’s housing market is showing solid gains. The most recent report from RMLS, the Portland-based housing listing service, notes that the 637 closed sales recorded in June were the largest number of June closings since 2006. The June closings were up 2.4 percent for the year and were 6.2 percent higher than in May. There were 1,086 new listings in June.

Also, the average market time for homes listed for sale was 83 days, down from 98 days in May and 92 days in June 2013. The median sales price rose by 10.2 percent over the year, from $221,500 in June 2013 to $244,000 this June.

Mike Lamb, a broker at Windermere Stellar Vancouver, notes in his market analysis that the Clark County housing market is held back somewhat by a shortage of homes for sale. “And unfortunately this issue is not going to go away anytime soon because there is almost no new construction in price ranges below or near the average sale price,” Lamb wrote, He attributed the shortage of new construction to the cost of regulations, permits and impact fees, as well as lot prices, which are all pushing new construction into the higher price ranges.

The Parade of Homes continues Wednesday through Sunday from 10 a.m. to 8 p.m. at Erickson Farms, Lakeshore Drive and Northwest 106th St. in Vancouver’s Felida area. Admission is $12 and is free for ages 12 and younger; Wednesday is half-price day. More information is available at clarkcounty paradeofhomes.com.

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Columbian Business Editor