Rml supdate

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Rml supdate

  1. 1. A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon September 2010 Reporting Period September Residential Highlights Sale Prices Inventory in Months* Comparing September 2010 T he average sa le pr ice for 2008 2009 2010 to September 2009, closed sales September 2010 declined 3.5% compared to September 2009. The January 12.8 19.2 12.6 decreased by 22.3%. Pending median sale price also fell 0.6%. February 10.4 16.6 12.9 sales and new listings also fell by March 9.1 12 7.8 On a month-to-month basis, April 10.3 11 7.3 30.7% and 1.4%, respectively. See comparing September 2010 to residential highlights table below. May 9.2 10.2 7 August 2010, the average sale June 9.5 8.2 7.3 A comparison of September 2010 price went down 6.5% ($279,900 July 10 7.3 10.8 with the previous month, August v. $299,300) and the median sale August 9.9 7.8 11 price also dropped 4% ($240,000 2010, shows closed sales increased v. $250,000). September 10.4 7.6 10.5 by 1.3% (1,399 v. 1,381). However, October 11.1 6.5 Third Quarter Report November 15 7.1 pending sales dropped by 6.2% (1,584 v. 1,688), and new listings fell In a comparison of the third December 14.1 7.7 quarter of 2010 to the same quarter *Inventory in Months is calculated by dividing by 7.3% (3,549 v. 3,829). of 2009, closed sales dropped 24.7% the Active Listings at the end of the month in At the month’s rate of sales, the (4,340 v. 5,762) and pending sales question by the number of closed sales for 14,714 active residential listings also fell 26.5% (4,725 v. 6,428). that month. would last approximately 10.5 However, new listings increased by Percent Change of 12-Month Sale Price months. 1.2% (11,582 v. 11,448). Compared With The Previous 12 Months Average Sale Price % Change: -4.5% ($283,400 v. $296,900) Median Sale Price % Change: -4.0% ($240,000 v. $250,000) 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 September 3,549 1,584 1,399 279,900 240,000 131 2010 Year-to-date 37,795 15,681 14,675 284,000 240,000 130 September 3,599 2,286 1,800 290,100 241,400 131 2009 Year-to-date 35,879 15,835 13,372 293,500 249,900 144 Change September -1.4% -30.7% -22.3% -3.5% -0.6% -0.2% Year-to-date 5.3% -1.0% 9.7% -3.2% -4.0% -9.5% *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 • 9/2010 Metro Portland & Adjacent Regions, Oregon RESIDENTIAL COMMERCIAL LAND MULTIFAMILY Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date 1 Pending Sales 2010 v. 2009 Pending Sales 2010 v. 2009 2 Expired/Canceled Listings Avg. Sale Price % Change Pending Sales 2010 Pending Sales 2010 3 Average Sale Price Average Sale Price Average Sale Price Average Sale Price Average Sale Price Total Market Time Median Sale Price Active Listings Closed Sales Closed Sales Closed Sales Closed Sales Closed Sales New Listings New Listings 141 N Portland 582 196 127 72 -29.4% 50 218,000 92 1,649 655 -15.7% 598 230,600 225,000 -1.9% 6 240,800 22 79,100 14 293,400 142 NE Portland 1,135 330 265 167 -35.8% 134 275,500 104 3,641 1,629 -0.5% 1,530 285,000 249,000 -1.6% 16 394,100 25 97,500 37 388,600 143 SE Portland 1,514 460 339 211 -37.4% 177 246,300 106 4,591 2,053 -7.7% 1,949 239,100 210,000 -4.6% 22 335,900 33 179,100 64 446,300 Gresham/ 144 Troutdale 1,066 254 173 122 -23.3% 101 204,900 116 2,568 1,040 -0.1% 965 214,000 202,500 -5.0% 6 257,100 38 96,500 21 248,600 Milwaukie/ 145 Clackamas 1,151 312 200 125 -16.1% 82 263,600 160 2,843 1,163 -2.8% 1,063 263,000 242,000 -6.8% 2 123,900 53 104,700 9 198,600 Oregon City/ 146 Canby 866 192 161 86 -30.1% 76 248,700 124 1,965 765 2.4% 726 257,800 230,000 -8.4% 11 230,500 29 133,500 6 349,600 Lake Oswego/ 147 West Linn 1,025 180 192 84 -24.3% 71 432,200 186 2,408 865 15.2% 809 440,200 387,900 -9.3% 4 378,800 30 239,600 2 417,500 148 W Portland 1,848 412 322 159 -25.7% 153 435,400 178 4,582 1,740 13.1% 1,630 410,300 342,800 -6.5% 3 556,300 27 198,000 16 540,700 149 NW Wash Co. 635 166 126 88 -2.2% 76 332,800 86 1,732 788 7.5% 745 367,800 335,000 -4.7% 3 168,000 14 311,900 3 268,700 Beaverton/ 150 Aloha 1,251 321 243 114 -52.3% 122 240,000 107 3,482 1,436 -10.8% 1,364 243,700 219,900 -1.7% 5 221,800 14 400,900 26 252,600 Tigard/ 151 Wilsonville 1,187 267 224 123 -33.5% 129 311,800 158 3,060 1,301 1.9% 1,222 305,000 279,900 -5.7% 3 201,700 25 271,500 18 242,900 Hillsboro/ 152 Forest Grove 873 218 186 105 -27.1% 105 209,100 112 2,359 1,114 -2.6% 1,036 228,400 209,300 -7.8% 5 200,000 30 365,600 19 169,900 153 Mt. Hood 149 23 32 13 30.0% 9 169,800 93 268 78 0.0% 72 200,000 181,300 -7.3% - - 9 110,700 - - 155 Columbia Co. 553 80 83 36 -37.9% 29 172,300 146 1,021 356 -6.3% 336 185,400 180,000 -11.1% 3 212,700 13 117,700 4 223,300 156 Yamhill Co. 879 138 132 79 -24.8% 85 215,500 172 1,626 698 -0.4% 630 218,000 191,700 -7.3% 8 204,900 24 139,600 8 201,800 168-178 Marion/Polk Counties 1,167 156 203 58 -54.3% 61 217,100 151 2,019 671 -10.2% 628 201,500 176,900 -6.2% 9 285,300 54 77,000 12 299,800 180-195 North Coastal 200 Counties 1,700 162 231 70 0.0% 80 284,000 147 2,217 635 16.3% 583 279,700 225,000 -3.2% 15 547,500 85 163,900 11 231,900 1 Percent change in number of pending sales this year compared to last year. The Current Month section compares September 2010 with September 2009. The Year-To-Date section compares year-to-date statistics from September 2010 with year-to-date statistics from September 2009. 2 % Change is based on a comparison of the rolling average sale price for the last 12 months (10/1/09-9/30/10) with 12 months before (10/1/08-9/30/09). 3 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 10000 years in the greater 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 3,500 This graph represents 3,000 monthly accepted offers 2,500 in the Portland, Oregon 2,000 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 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Median Sale Price: Portland, OR & Clark Co., WA MEDIAN SALE PRICE 260000 PORTLAND, OR 240000 This graph shows the 220000 200000 median sale price over 180000 the past 12 months in the 160000 greater Portland, Oregon 140000 metropolitan area and 120000 Clark County. 100000 SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT Clark County Metro Portland, OR 5 © Copyright RMLS™ 2010. All Rights Reserved.
  6. 6. MEDIAN SALE PRICE September 2010 SW WASHINGTON $227,000 $175,000 Woodland N/NE Clark County $215,000 PORTLAND $245,000 Battle Ground Ridgefield/La Center METRO $152,000 Columbia County $255,000 $305,000 Salmon Creek Brush Prairie $235,500 Hockinson Felida $174,800 $292,500 Hazel $185,500 Dell 5 Corners Minnehaha Orch. North Washington County $135,000 $180,500 Sauvie Island Cent. Vancouver Cascade Park $173,500 Heights $216,500 $310,000 N Portland Camas/Washougal $249,400 NE $200,000 Portland $355,000 Hillsboro West $198,000 $212,000 Gresham Forest Grove Portland $220,000 SE Troutdale Portland Sandy Beaverton Corbett Aloha $240,000 Fairview $185,000 Milwaukie/Gladstone/ Mt. Hood: Boring/Clackamas Zigzag Estacada $285,000 $405,000 Welches Rhododendron Tigard/Tualatin Wemme Sherwood Lake Oswego Brightwood Wilsonville West Government Camp Linn $181,000 Yamhill County $232,500 Oregon City Canby Molalla Beavercreek 6 © Copyright RMLS™ 2010. All Rights Reserved.
  7. 7. MULTIPLE LISTING SERVICE MEDIAN SALE This graph represents the median sale price for all Corporate 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 This graph shows the number of closed sales by Curry County QUARTERLY PO Box 6307 CLOSINGS quarter for the Portland, Oregon metropolitan area. Brookings, OR 97415 (541) 469-0219 PORTLAND, OR Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Quarterly Closings Fax: (541) 387-6657 Eastern Oregon 12000 PO Box 751 Hermiston, OR 97838 (541) 567-5186 10000 Fax: (541) 289-7320 Coos County 8000 1946 Sherman Ave., Suite 101 North Bend, OR 97459 6000 (541) 751-1070 Fax: (541) 751-1083 4000 The statistics presented in Market 2000 Action are compiled monthly based on figures generated by RMLS™. 0 Statistics reflect reported activity for the greater Portland, Oregon metropolitan '01 '02 '03 '04 '05 '06 '07 '08 '09 10 area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Lane, Douglas, Coos & Curry Counties in 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 Kelsey Brunson, Editor this copyrighted material is prohibited without prior approval of RMLS™. Danny Gottleib, Assistant Editor © Copyright RMLS™ 2010. All Rights Reserved.

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