Vancouver, Washington, Realtors say real estate is hot on multiple offers, with spectacular views, a moderate climate and culture to attract homebuyers.

"Vancouver, Washington, sits on the north bank of the Columbia River directly across from Portland, Oregon," says Realtor Brigette Jones. "The Pacific Coast is less than 90 miles to the west. The population of Vancouver proper is 152,900. In the county, there are more than 383,000 -- which has almost doubled from 1980. This is in part due to the fact that Vancouver is a very family-oriented community and a good place to raise children. And that's not mentioning the beautiful scenery, moderate climate, and lots of recreational opportunities. If you are a first time home buyer or investor, you had better act fast, as homes in the $179,900 to $200,000 price range sell within hours and usually have multiple bids. We have a very low inventory for sale -- the lowest number of inventory in five years. Homes in Fishers Landing and East Vancouver have high demand. With our lack of homes on the market, it has become increasingly difficult for home buyers -- making it more important than ever to work with a professional Realtor."

Says Realtor Sally Jacob, "Vancouver is where city and country life blend to create the best of the Northwest. They say with every challenge or change comes new opportunities, and our market is full of both right now! We are in the midst of 12-15 year lows in inventory for most market price ranges. Sellers are seeing multiple offers right and left. With prices having increased 8-13 percent in the last 12 months, sellers are delighted ... and buyers are quick to snatch up well-priced homes. For 2005, we are looking to see about the same in increase of value if we maintain the level of activity the first four months have shown. Lots to build on are rare. Yes, it is a sellers market for sure."

She advises, "What about buyers? You have to look a bit harder for the silver lining in all this market, but when you consider the big picture -- interest rates at or below 6 percent or even better with various loan programs -- buying now, sooner than later ... and becoming a home owner to enjoy the rising values, looks like a darn good deal! And it is! The old saying, 'they are not making any more dirt,' is really true -- just ask someone over 50 what they paid for their first home ... or someone who bought even a year ago here in Clark county. It pays to own property here! So the good news is as an owner, your property is getting more valuable by the month. As a buyer, come on in and join the owners. The climate is great for claiming your piece of the dirt, just do it sooner rather than later for the best price!"

"Vancouver is the gateway to Clark County," says Realtor Stan Callan. "It is situated along the Columbia River just north of Portland, Oregon, in the heart of the Pacific Northwest and "Recreation Heaven." It is the oldest city in the state, currently the fourth largest, and growing at a rapid pace due to the emergence of high-tech and manufacturing industries along with thousands of service-oriented businesses. The education systems are strong and well supported by the voters. The current sales tax is 7.8 percent and there is no state income tax. Vancouver has cultural richness along with a progressive, people-oriented government. Currently, about 153,170 people make Vancouver their home and the numbers of new residents are growing daily. The median price of homes sold in the Cascade Park and Fisher's Landing areas of Vancouver in April 2005 was $209,900. (Up slightly from $189,200 the prior month.)"

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Published: June 17, 2005

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