A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
Residential Review: Metro Portland, Oregon...
AREA REPORT • 2/2010
     AREA REPORT ● 1/2010& Portland Metro Area
      Metro Portland ● Adjacent Regions,              ...
ACTIVE
                             Active Residential Listings
                                                          ...
PENDING LISTINGS
                                     Pending Sales
                                                      ...
AVERAGE SALE                                    This graph represents the average sale price for all homes sold in the Por...
MEDIAN SALE PRICE
February 2010                                                                                           ...
MULTIPLE LISTING SERVICE



             Corporate
                                                     MEDIAN SALE       ...
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Portland Or Metro home sales, listings and stats

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Feb 2010 real estate facts for Portland, OR metro region. Sales, Listings, averages, medians and more.

http://www.realtyadvisorsweb.com
Bill McKee, Broker
(503) 662-2274

Published in: Real Estate
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Portland Or Metro home sales, listings and stats

  1. 1. A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon February 2010 Reporting Period February Residential Highlights Sale Prices Inventory in Months* Sales activity in the Portland T he average sa le pr ice for 2008 2009 2010 metro area improved in February February 2010 was down 8.5% January 12.8 19.2 12.6 2010 compared to the same month compared to February 2009, while February 10.4 16.6 12.9 a year ago. the median sale price declined March 9.1 12 9.3%. April 10.3 11 Comparing February 2010 May 9.2 10.2 with February 2009, closed sales Month-to-month, the average June 9.5 8.2 increased 18.4%. Pending sales also price decreased 3.3% ($273,100 July 10 7.3 jumped 45%, and new listings rose v. $282,400) and the median fell August 9.9 7.8 12.4%. 2.1% ($235,000 v. $240,000), when September 10.4 7.6 compa r i ng Febr u a r y 2010 to October 11.1 6.5 When comparing February 2010 January 2010. November 15 7.1 with the month prior, January 2009, December 14.1 7.7 closed sales grew a slight 2.9% Year-to-Date *Inventory in Months is calculated by dividing (1,015 v. 986) and pending sales Comparing January-February the Active Listings at the end of the month in were up 20.5% (1,850 v. 1,535). New 2010 with the same period in question by the number of closed sales for listings, on the other hand, dropped 2009, closed sales increased 26.7%. that month. just 1% (3,902 v. 3,937). Pending sales rose 34.7%, while Percent Change of 12-Month Sale Price At the month’s rate of sales, the new listings grew a slight 2.1% Compared With The Previous 12 Months 13,101 active residential listings See residential highlights table Average Sale Price % Change: would last approximately 12.9 below. -11.5% ($287,800 v. $325,200) months. Median Sale Price % Change: -10.9% ($245,000 v. $275,000) For further explanation of this measure, see the second footnote on page 2. Portland Metro Total Residential New Pending Closed Average Median Market Highlights Listings Sales Sales Sale Price Sale Price Time February 3,902 1,850 1,015 273,100 235,000 150 2010 Year-to-date 7,918 3,299 2,043 276,300 236,000 147 February 3,471 1,276 857 298,500 259,000 153 2009 Year-to-date 7,754 2,450 1,613 297,900 255,000 152 February Change 12.4% 45.0% 18.4% -8.5% -9.3% -1.5% Year-to-date 2.1% 34.7% 26.7% -7.3% -7.5% -3.4% *Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market. © Copyright RMLS™ 2010. All Rights Reserved.
  2. 2. AREA REPORT • 2/2010 AREA REPORT ● 1/2010& Portland Metro Area Metro Portland ● Adjacent Regions, Oregon RESIDENTIAL COMMERCIAL LAND MULTIFAMILY Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date Pending Sales 2010 v. 20091 Pending Sales 2010 v. 2009 Avg. Sale Price % Change2 Expired/Canceled Listings Pending Sales 2010 Pending Sales 2010 Total Market Time 4 Average Sale Price Average Sale Price Average Sale Price Average Sale Price Average Sale Price Median Sale Price Active Listings New Listings3 Closed Sales Closed Sales Closed Sales Closed Sales Closed Sales New Listings 141 N Portland 425 145 73 88 41.9% 41 238,300 74 299 154 36.3% 73 239,600 225,000 -10.8% - - 5 74,000 2 272,600 142 NE Portland 971 391 141 176 33.3% 99 275,000 114 757 326 25.4% 202 274,800 243,800 -10.7% 1 600,000 8 121,400 10 323,400 143 SE Porltand 1,329 464 197 273 56.9% 139 227,400 119 921 461 30.2% 292 226,700 197,900 -11.7% 3 211,700 4 66,600 11 455,000 Gresham/ 144 Troutdale 942 241 109 125 33.0% 78 196,700 162 545 226 41.3% 151 204,200 190,000 -14.2% 1 255,200 8 78,600 1 212,000 Milwaukie/ 145 Clackamas 968 274 97 138 22.1% 69 250,300 136 611 239 21.9% 136 252,700 235,000 -8.2% 1 95,000 7 117,900 1 130,000 Oregon City/ 146 Canby 807 215 86 82 78.3% 48 274,400 149 421 160 44.1% 118 251,300 221,400 -11.4% 2 45,000 8 160,700 2 378,300 Lake Oswego/ 147 West Linn 981 251 104 84 52.7% 45 457,700 153 535 154 49.5% 96 432,200 360,000 -9.7% 2 370,000 3 198,300 - - 148 W Portland 1,612 462 235 179 67.3% 100 408,300 208 920 317 49.5% 213 415,200 315,000 -10.8% - - 1 146,000 4 818,900 149 NW Wash Co. 502 191 83 98 40.0% 49 349,700 144 350 162 38.5% 95 361,600 340,000 -9.8% - - 4 161,000 - - Beaverton/ 150 Aloha 1,047 370 148 206 56.1% 108 237,100 168 767 354 38.3% 198 238,500 217,600 -12.2% 1 255,000 2 103,800 4 153,000 Tigard/ 151 Wilsonville 1,095 318 117 128 24.3% 80 314,500 184 647 259 35.6% 170 313,800 295,500 -8.5% 1 245,000 3 150,800 5 289,000 Hillsboro/ 152 Forest Grove 900 275 83 146 50.5% 66 227,200 138 513 246 24.9% 135 242,900 213,000 -10.9% - - 6 96,700 4 167,700 153 Mt. Hood 136 25 17 6 20.0% 8 238,400 228 43 13 30.0% 14 260,700 227,500 -1.4% - - 3 114,000 - - 155 Columbia Co. 477 111 45 40 66.7% 34 202,000 183 217 78 32.2% 59 189,200 184,000 -14.6% - - 2 121,000 1 155,000 156 Grand Yamhill Co. Total 909 13,101 169 3,902 99 1,634 81 1,850 30.6% -4.1% 51 1,015 190,000 273,100 154 150 372 7,918 150 3,299 35.1% -85.7% 91 2,043 198,000 276,300 190,000 236,000 -16.0% -11.5% 1 13 285,000 3 67 67,300 115,800 -45 - 356,500 168-178 Marion/Polk Counties 1,070 240 99 80 66.7% 42 274,200 177 439 142 42.0% 87 235,800 196,000 -14.9% - - 5 177,800 4 170,800 180-195 North Coastal Counties 1,340 209 99 63 85.3% 51 264,500 210 428 135 80.0% 87 256,800 210,000 -15.9% - - 8 218,100 - - 1 Percent change in number of pending sales this year compared to last year. The Current Month section compares February 2010 with February 2009. The Year-To- Date section compares year-to-date statistics from February 2010 with year-to-date statistics from February 2009. 2 % Change is based on a comparison of the rolling average sale price for the last 12 months (3/1/09-2/28/10) with 12 months before (3/1/08-2/28/09). 3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market. 2 © Copyright RMLS™ 2010. All Rights Reserved.
  3. 3. ACTIVE Active Residential Listings RESIDENTIAL 20000 LISTINGS 18000 PORTLAND, OR 16000 This graph shows the active 14000 12000 residential listings over the 10000 8000 past three calendar years 6000 in the greater Portland, 4000 Oregon metropolitan area. 2008 2009 2010 TOTAL ACTIVE Total Active Listings LISTINGS PORTLAND, OR 25000 22500 This graph shows the 20000 total active listings over 17500 15000 the past three calendar 12500 years in the greater 10000 7500 Portland, Oregon 5000 metropolitan area. Total Active Listings 2008 Total Active Listings 2009 Total Active Listings 2010 NEW LISTINGS New Listings PORTLAND, OR 6,000 This graph shows the 5,000 new residential listings 4,000 over the past three 3,000 2,000 calendar years in the 1,000 greater Portland, Oregon 0 metropolitan area. 2008 2009 2010 3 © Copyright RMLS™ 2010. All Rights Reserved.
  4. 4. PENDING LISTINGS Pending Sales PORTLAND, OR 2,500 This graph represents 2,000 monthly accepted offers in the Portland, Oregon 1,500 metropolitan area over 1,000 the past three calendar 500 years. 0 2008 2009 2010 CLOSED SALES Closed Sales PORTLAND, OR This graph shows the 2,500 closed sales over the past 2,000 three calendar years in 1,500 the greater Portland, 1,000 Oregon metropolitan 500 area. 0 2008 2009 2010 Average Market Time DAYS ON MARKET 180 PORTLAND, OR 160 This graph shows the 140 120 average market time for 100 80 sales in the Portland, 60 40 Oregon metropolitan area. 20 *As of August 2008, graph 0 now reports “Total Days on Market” - for details 2008 2009 TMT 2008 TMT 2010 TMT read footnotes on page 2. 4 © Copyright RMLS™ 2010. All Rights Reserved.
  5. 5. AVERAGE SALE This graph represents the average sale price for all homes sold in the Portland, PRICE Oregon metropolitan area. PORTLAND, OR Average Sale Price $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 Jan-00 Jul-00 Jan-01 Jul-01 Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Median Sale Price: Portland, OR & Clark Co., WA MEDIAN SALE PRICE 260000 PORTLAND, OR 240000 This graph shows the 220000 median sale price over 200000 the past 12 months in the 180000 160000 greater Portland, Oregon 140000 metropolitan area and 120000 Clark County. 100000 MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB Clark County Metro Portland, OR 5 © Copyright RMLS™ 2010. All Rights Reserved.
  6. 6. MEDIAN SALE PRICE February 2010 SW WAShINGTON $225,000 $130,000 Woodland N/NE Clark County $199,900 PORTLAND $295,000 Battle Ground Ridgefield/La Center METRO $182,000 Columbia County $265,000 $264,000 Salmon Creek Brush Prairie $227,300 Hockinson Felida $180,000 $337,500 Hazel $180,000 5 Corners Dell Orch. North Washington County Minnehaha $171,900 $180,000 Sauvie Island Cent. Vancouver Cascade Park $175,000 Heights $237,300 $290,000 N Portland Camas/Washougal $245,000 NE $206,500 Portland $331,300 Hillsboro West $186,000 $209,900 Gresham Forest Grove Portland $214,000 SE Troutdale Portland Sandy Beaverton Corbett Aloha $230,000 Fairview $227,500 Milwaukie/Gladstone/ Mt. Hood: Boring/Clackamas Zigzag Estacada $300,000 $400,000 Welches Rhododendron Tigard/Tualatin Wemme Sherwood Lake Oswego Brightwood Wilsonville West Government Camp Linn $179,000 Yamhill County $241,300 Oregon City Canby Molalla Beavercreek 6 © Copyright RMLS™ 2010. All Rights Reserved.
  7. 7. MULTIPLE LISTING SERVICE Corporate MEDIAN SALE This graph represents the median sale price for all 825 NE Multnomah, Suite 270 PRICE CONDOS condos sold in the last three calendar years in the Portland, OR 97232 (503) 236-7657 PORTLAND, OR Fax: (503) 230-0689 Portland, Oregon metropolitan area. Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 Median Condo Sale Price (360) 696-0718 Fax: (360) 696-9342 $250,000 Salem 2110 Mission St. SE, Suite 305 Salem, OR 97302 $225,000 (503) 587-8810 Fax: (503) 585-3817 Lane County: Eugene $200,000 2139 Centennial Plaza Eugene, OR 97401 $175,000 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence $150,000 PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 2008 2009 2010 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County PO Box 6307 Brookings, OR 97415 ACTIVE & CLOSED This graph shows the number of active and closed (541) 469-0219 CONDOS Fax: (541) 469-9695 condos in the Portland, Oregon metropolitan area. Mid-Columbia PORTLAND, OR PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Active & Closed Condos Eastern Oregon PO Box 751 Hermiston, OR 97838 2,500 (541) 567-5186 Fax: (541) 289-7320 2,000 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 1,500 (541) 751-1070 Fax: (541) 751-1083 1,000 The statistics presented in Market Action are compiled monthly based on 500 figures generated by RMLS™. Statistics reflect reported activity for 0 the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Active Listings Closed Sales Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington. RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. Gary Whiting, Chairman of the Board E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) Kurt von Wasmuth, President/CEO 236-7657. Reproduction of any portion of Natalie Middleton, Editor this copyrighted material is prohibited Kelsey Brunson, Assistant Editor without prior approval of RMLS™. © Copyright RMLS™ 2010. All Rights Reserved.

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