1 00:00:00,000 --> 00:00:04,960 Hello and welcome to the Spotlight Vancouver podcast. I'm your host Doug Varenas, licensed 2 00:00:04,960 --> 00:00:12,240 real estate agent in Washington and Oregon. And we have the only podcast for and about the people 3 00:00:12,240 --> 00:00:16,400 of Vancouver, Washington and Clark County. So welcome. And today we've got an exciting show 4 00:00:16,400 --> 00:00:23,600 because I'm going to be talking about the top five highest appreciating areas of Clark County 5 00:00:23,600 --> 00:00:29,840 in the last three years. So what I wanted to do was take out the anomalies of the COVID craziness 6 00:00:29,840 --> 00:00:35,920 and just focus on the last three years. So that's kind of the tail end of COVID and then coming 7 00:00:35,920 --> 00:00:42,240 out of it, I'm going to give you the top five highest appreciating areas. And that is based on 8 00:00:42,240 --> 00:00:48,640 the average sale price. Overall in Clark County over the last three years, we've seen an appreciation 9 00:00:48,640 --> 00:00:57,760 rate of 5.36%, which isn't bad at all. But there are some areas that are appreciating at a much 10 00:00:57,760 --> 00:01:03,280 higher rate. And so while buying a home is all about getting something that you're going to feel 11 00:01:03,280 --> 00:01:08,400 comfortable in, getting a safe neighborhood, getting close to the amenities you want, getting the 12 00:01:08,400 --> 00:01:12,080 lifestyle you want. And that is really the most important thing is getting a place that you're 13 00:01:12,080 --> 00:01:16,640 going to love to live in. Your family's going to enjoy and everyone's going to have a good time 14 00:01:16,640 --> 00:01:21,920 and be happy. But at the end of the day, your home is also an investment. And so I'm going to go over 15 00:01:21,920 --> 00:01:27,040 these five top five high appreciating areas. And we're going to get it kicked off with number five. 16 00:01:28,000 --> 00:01:34,400 Number five highest appreciation, highest appreciating area in Clark County is going to be 17 00:01:34,400 --> 00:01:42,400 Hamas. So no surprise here, Hamas is at 7.83% appreciation, average appreciation over the 18 00:01:42,400 --> 00:01:47,440 last three years. People are looking to move there. There's a lot of development there. There's 19 00:01:47,440 --> 00:01:54,400 some really good school districts. There's a really good access to nature. A lot of activity in 20 00:01:54,400 --> 00:02:00,080 Camus and people have been flocking there. And so we've seen an appreciation rate that's just 21 00:02:00,080 --> 00:02:04,320 about two and a half percentage points above what's averaging Clark County over the last three 22 00:02:04,320 --> 00:02:14,000 years at 7.83. So Camus are top five highest appreciating area in Clark County. Moving on to 23 00:02:14,000 --> 00:02:20,400 number four, it's going to be the East Heights area. So this is the area that is east of Andreessen, 24 00:02:21,040 --> 00:02:29,120 south of Mill Plain, and west of the 205 Freeway. So we're talking about the Ellsworth Springs area 25 00:02:29,120 --> 00:02:35,280 and the Blanchett Park area. And this is getting to be sort of a more sought after area. 26 00:02:36,400 --> 00:02:39,520 Probably going to see more development on that side of the waterfront. 27 00:02:39,520 --> 00:02:46,240 Proximity to transportation, proximity to Oregon. If you're still commuting to Portland 28 00:02:46,880 --> 00:02:50,960 or you have friends or family there, that can be important. I mean, some really desirable 29 00:02:50,960 --> 00:02:59,520 neighborhoods in this area. And so they've seen an appreciation rate of 7.9% just edging out Camus. 30 00:02:59,520 --> 00:03:03,200 And that was a little bit of a surprise to me. Actually, a lot of things on this list have been 31 00:03:03,200 --> 00:03:09,440 a little surprising. So let's move on to the third highest appreciation. I'm having all kinds of 32 00:03:09,440 --> 00:03:16,800 problems with that today. Highest appreciating area in Clark County. And that is going to be 33 00:03:17,440 --> 00:03:25,600 downtown. Downtown has actually had the strongest appreciation over the last five years. They're 34 00:03:25,600 --> 00:03:30,800 a little flat this year. But other than that, they've seen solid double digit appreciation 35 00:03:30,800 --> 00:03:35,760 in downtown. So we're talking about obviously like the waterfront area, but also the area around 36 00:03:35,760 --> 00:03:43,840 Esther Short Park, the Halk neighborhood. So the downtown area has been appreciating at a really 37 00:03:43,840 --> 00:03:50,480 healthy clip. So in doing these averages, a lot of them have had negative appreciation. They actually 38 00:03:50,480 --> 00:03:55,760 fell year over year. But because they bounce back so strong on the average, they've, you know, they 39 00:03:55,760 --> 00:04:02,320 get that average appreciation that's pretty high. But downtown is the one where they have not had a 40 00:04:02,320 --> 00:04:08,880 negative appreciating or down year. Every year has been solid double digits. So we're talking 41 00:04:08,880 --> 00:04:15,440 about 12, 15, 18% appreciation rate in that downtown area. And I think right now, and I mentioned 42 00:04:15,440 --> 00:04:20,800 in my last video, I think right now it's quite a bargain at where it's at just being flat. You 43 00:04:20,800 --> 00:04:28,160 can find deals there in the downtown area. And so yeah, downtown comes in at number three of the 44 00:04:28,160 --> 00:04:37,200 highest appreciating areas in Clark County. Next on our list, a little bit of surprise. I like this 45 00:04:37,200 --> 00:04:44,640 area, but I wouldn't have guessed it was higher than Camus and kind of unbelievable. Yakult. 46 00:04:44,640 --> 00:04:51,360 Yeah, that's right. The Yakult area. I'm a big fan of this area for the certain kind of person 47 00:04:51,360 --> 00:04:56,880 who's looking for more acreage, really looking to tap into some natural beauty there. A lot of, 48 00:04:56,880 --> 00:05:02,720 you know, you're sort of, you're kind of in that molten falls area, Lewis River. You've got a lot 49 00:05:02,720 --> 00:05:06,880 of great things going on there. You've got some beautiful countryside there. And if you're looking 50 00:05:06,880 --> 00:05:11,280 to get away and you're looking for like a little more of a rural feel, but you still want access 51 00:05:11,280 --> 00:05:17,440 to some urban amenities, you know, don't sleep on Yakult. I just love, I just love the name too, 52 00:05:17,440 --> 00:05:24,000 Yakult. It's a great area. It's not for everybody, but apparently it's for somebody because it's 53 00:05:24,000 --> 00:05:32,560 appreciating over the last three years at an 8.73% average. So higher than Camus, you know, 54 00:05:32,560 --> 00:05:40,800 higher than downtown on average has been the Yakult area. And that is number two on our list. 55 00:05:40,800 --> 00:05:46,720 I really don't have any insight into the Yakult area other than people just wanting more land 56 00:05:46,720 --> 00:05:52,400 and more space. So people just who maybe lived in that city center and they're kind of like, 57 00:05:52,400 --> 00:05:59,440 yeah, I'm tired of the density. I'm just, I want some more room and Yakult offers, offers that 58 00:05:59,440 --> 00:06:04,000 because most of the plots out there are going to be, you know, on acreage. And so that's really 59 00:06:04,000 --> 00:06:08,720 appealing to a lot of people. And the community is also pretty tight. And so that might appeal to 60 00:06:08,720 --> 00:06:17,760 some people too. But Yakult coming in at number two on our list of highest appreciating areas in 61 00:06:17,760 --> 00:06:25,680 Clark County, Washington, number one on the list, also kind of a surprise for me. I mean, 62 00:06:25,680 --> 00:06:34,720 maybe it shouldn't be, but Wash Ugl comes in at number one. It is the top appreciating area in 63 00:06:34,720 --> 00:06:41,520 Clark County over the last three years based on average home sales. And so it is topping 10%, 64 00:06:42,080 --> 00:06:52,320 almost at 11% at 10.77% average appreciation over the last three years. It is Wash Ugl. So 65 00:06:52,960 --> 00:07:01,760 actually, if you take that strip of land from Wash Ugl through Camus, through that East Heights, 66 00:07:01,760 --> 00:07:08,320 Ellsworth Springs area, stretching all the way to the waterfront and downtown, you have basically 67 00:07:09,440 --> 00:07:15,280 most of the highest appreciating areas in Clark County right along that sort of water 68 00:07:15,280 --> 00:07:20,880 adjacent area. And that really shouldn't be a surprise. But Wash Ugl was a little bit surprising 69 00:07:20,880 --> 00:07:25,520 to me. When you think about it, it makes sense. I'm wondering if you're starting to see a little 70 00:07:25,520 --> 00:07:32,320 spillover from Camus. The taxes are a little bit more manageable in Wash Ugl. You get a lot of the 71 00:07:32,320 --> 00:07:41,200 same amenities. You get proximity to Camus. You're still on close to the water. There's a lot of 72 00:07:41,200 --> 00:07:45,920 development going on there in the waterfront too. So that might be a part of it. And it can be one 73 00:07:45,920 --> 00:07:52,080 of those skate to where the puck is going moments. And so I think Wash Ugl, similar to Camus, is 74 00:07:52,080 --> 00:07:58,320 going through a lot of changes and seeing a lot of growth there. So number one on our list 75 00:07:59,200 --> 00:08:06,080 of highest appreciating areas in Clark County, Washington is Wash Ugl. So this has been really 76 00:08:06,080 --> 00:08:11,760 interesting. I don't know about you, but I'd love to hear your experience or where you see the puck 77 00:08:11,760 --> 00:08:18,400 going. You drop a comment of an area that you see really growing. I know that East Vancouver also 78 00:08:18,400 --> 00:08:24,640 came in pretty high. You had some usual suspects, I guess, like your Philitas, your Salmon Creeks, 79 00:08:24,640 --> 00:08:31,120 your yields, but they did not break into the top five. I mean, they are growing, but the appreciation 80 00:08:31,120 --> 00:08:37,760 is not as strong as the areas I mentioned. And some of that, maybe in Ridgefield, is just because 81 00:08:37,760 --> 00:08:43,360 they keep building more homes. And so that keeps the inventory up and the price is manageable. 82 00:08:43,360 --> 00:08:50,160 Still appreciating, obviously, at a higher clip than the average in Clark County, but not by a 83 00:08:51,280 --> 00:08:56,960 super large degree. Again, number five was... 84 00:09:00,160 --> 00:09:06,400 We'll find it here. We started off with Camus. We moved to the East Heights area, that swath kind 85 00:09:06,400 --> 00:09:16,720 of in between Cascade Park and downtown. Then we had Yaakult coming in at number two, and then 86 00:09:16,720 --> 00:09:25,760 Wash Ugl at number one. Again, if you are looking to move anywhere in Clark, I'm happy to help you 87 00:09:25,760 --> 00:09:31,120 out in that regard. If you're interested in finding out what your home's worth, drop the word value 88 00:09:31,120 --> 00:09:36,880 in the comments, and I will get back to you. And we can discuss. I'm happy to come up with your 89 00:09:36,880 --> 00:09:42,080 home's current value, so you can see where you stand in that regard. And on that note, I hope 90 00:09:42,080 --> 00:10:02,720 everyone's doing well out there, and I'll see you on the next episode. Take care!