I predict real estate values with the completed project at Waters Edge:
One Bedroom Flats updated at $140,000.00
Two Bedroom Flats updated $160,000.00
Town Homes updated $190,000.000
One level Units updated $190,000.00
Clark County home prices up by 11 percent for 2016.
Clark County homes prices up 9 percent 2017.
Be aware to not under-price your investment most agents are not aware Waters Edge is not distressed they are pulling past comps in the neighborhood that is not how this should be evaluated. This is a major construction project total rehabilitation to the exterior adding significant value and Obviously Waters Edge is in Salmon Creek so the comparable properties should be in all of Salmon Creek. This is a Multi-Million Dollar project so again obviously that adds incredible value.
Thanks for the great leadership skills and devotion by the Waters Edge Board of Directors.
Protect your Real Estate do you realize how important your property is today! Your no longer a distressed property, your King now or even Queen, you have it all now, a large property, you have beyond imagination, you have a great place! Be pleased. Be advised it is going to get expensive here locally with housing. Vancouver WA is Number Place for Migration in America!
White Hot Market -- "We have never seen this market."
Meanwhile in Vancouver!
[A]ND in 16 months possibly by the year 2018:
One Bedroom Flats updated at $168,000.00
Two Bedroom Flats updated $192,000.00
Town Homes updated $228,000.00
One level Units updated $228,000.00
Hard to digest but this is possible!
Now lets look at vacancy rates and rent prices as an average in Vancouver WA:
1bd/1bth 2bd/1bth 2 bd/2bth 3bd/2bth
$926 ($1.30) $1,013 ($1.10) $1,184 ($1.10) $1,313 ($1.06)
1.87% is the vacancy rate in Vancouver possibly one of the lowest if not number one in America. Since 2012 the rent has gone up 35 percent in Vancouver WA.
http://www.kgw.com/news/local/bay-area-buyers-help-fuel-portlands-hot-real-estate-market/78398528
http://money.cnn.com/2015/01/08/real_estate/oregon-moving/
When they say Oregon that means Portland as Portland is over 55 percent of the State's population.
For 3.5 secutive years Portland has been number one for migration, so this also is Clark County because we have had 10,000 people move here from 2014 -2015 and most likely the year 2015. And we can not keep up with the demand as we have 107 million dollars under construction that is residential, it is impossible to keep up with the demand because it takes years to build a subdivision or an apartment. Cash transaction are easily 1/3 of all sales in Clark County!
