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What are the market conditions in Vancouver, Wash.. Rental Vacancies??

 
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Buyer & Seller
in Chicago
Chewie, Buyer & Seller in Chicago in Chicago
Answers (4)
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Gloria Matth… was FIRST TO ANSWER
Hi Chewie,
I spoke with a management company approx. 2 weeks ago..they said it was ":slighlty below hopping for this time of year"..it seems that some are hesitant to move (either rental or buy) because of market uncertainty.
Be sure to do your homework if you are going to purchase..the good news for the area is that Fisher Investments has purchased property in Camas..and according to news sources they are planning to relocate their headquaters to the Vancouver Area from the $$$ Bay area.
Best of luck,
Mary

Sun Jun 8 2008, 06:34
 
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The conditions? Buy Now. Properties are at 2004 prices and the return on appreciation will be very good for a 3 yr hold or longer.
Rentals market is excellent.

Thu Jun 5 2008, 13:59
 
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Can you clarify your question a bit more? Are you interested in selling or buying or both in Vancouver, Washington? Trying to understand the local market conditions as an investor?

Sat Jan 5 2008, 15:50
 
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FIRST ANSWER
Im not sure exactly what information you are looking for. Market conditions for home sales are "stable to slow". Prices are flatish over last year and inventory is about 7.5 months. I checked an information site regarding rental vacancies here and it was quoted as: "Homeownership rate in Vancouver is about 53.1%. Vancouver's vacancy rate, including seasonal lodging, is about 5.7%. Average household size is 2.49 people", it also indicated the average rental unit as 2 bedrooms and 610/month. If your question is about acquisition of rental properties, My own clients have fared well, over the last year, with zero vacancy time....the key is property selection

Of course its best to do your own due diligence or consult with a real estate / property management firm to get the most current and accurate information ...Based on your specific goals.

Tue Jul 10 2007, 15:35
 
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