 |
|
Broker
Meadows Group Inc Realtors
12655 SW North Dakota Street
Tigard, OR 97223
Office Phone: (503) 590-1500 X135 Fax: Inquire
|
|
|
LETS TALK PROPERTY.COM
FIND OUT WHAT IS HAPPENING IN OUR LOCAL MARKET:
(View Links Below)
* Due to possible reporting inconsistencies, Average Market Time should be used to analyze trends only.
JANUARY 2010 MARKET STATS (click on link below)
http://www.rmlsweb.com/v2/public2/loadfile.asp?id=5098
2009 Summary
-
Comparing activity from 2009 with that of 2008, pending sales increased 4%. Closed sales were .09% short of the 2008 total. New listings fell 18.8%. Total sales volume for 2009 was $5.5 billion, down from $6.3 billion in 2008, and $97 billion in 2007.
-
Sale Prices: The average sale price for December 2009 was down 2.5% compared to December 2008, while the median sale price declined 4.2%. Compared to November 2009, the average price rose 7.3% ($293,300 v. $273,300) and the median grew 1.3% ($242,200 v. $239,000). For the year, the average sale price dropped 12.2% compared to 2008. The median price fell 11.2%.
2008 Summary
-
The year ended quietly as sales activity in the Portland metro continued to slow. However, the level of inventory dropped after reaching a record high in November. The number of closed sales (987) hit it's lowest point since February 1992 (905). Pending transactions (810) were at a record low since RMLS began reporting in 1992, the previous record was 845 in December 1994. Comparing December 2008 with December 2007, closed sales fell 34% and pending sales dropped 34.2%. New listings also decreased 17.4%.
-
Comparing market activity in 2009 with 2007, new listings decreased 8.7%. Pending sales dropped 30.8% and closed sales fell 32.1%. At $6.3 billion this year, total sales volume dropped 35% from 2007's $9.7 billion.
-
2007 Summary
-
Comparing market activity in 2007 with that of 2006, the Portland metro area saw an 8.1% increase in new listings. However, pending sales decreased 15.7% and closed sales dropped 13.1%. Portland has had it's third highest sales volume in residential real esatet, at $9.7 billion, a 6.7% decrease from the $10.4 billion in 2006. The average sale price increased 6.3% ($342,900 v. $322,600) and the median sale price appreciated 7.2% ($290,000 v. $270,500).
-
2006 Summary - There were 14% more new listings when comparing market activity in 2006 with that of 2005. However, pending sales decreased 13.6% and closed sales fell 13.4%. Portland had it's second highest total volume in real estate in 2006 with $10.4 billion compared to $10.6 billion in 2005. Further, the average sale price increased 14%(322,600 v. 282,900) and median price appreciated 13.9% ($270,500 v. $237,500).
- Comparing Inventory in Months (which means if we didn't list any homes for this period time we would have no inventory left)
-
| |
2005 |
2006 |
2007 |
2008 |
2009 |
| AVERAGE DAYS ON THE MARKET |
|
40 |
60 |
83 |
|
| JANUARY |
3.4 |
3.2 |
6.2 |
12.8 |
19.2 |
| FEBRUARY |
3.0 |
2.7 |
5.2 |
10.4 |
16.6 |
| MARCH |
1.8 |
2.0 |
4.9 |
9.1 |
12 |
| APRIL |
|
2.4 |
4.4 |
10.3 |
11 |
| MAY |
1.6 |
2.3 |
4.5 |
9.2 |
10.2 |
| JUNE |
1.5 |
2.6 |
5.0 |
9.5 |
|
| JULY |
1.7 |
3.5 |
5.7 |
10.0 |
|
| AUGUST |
1.6 |
3.6 |
6.2 |
9.9 |
|
| SEPTEMBER |
1.9 |
4.5 |
8.6 |
10.4 |
|
| OCTOBER |
2.2 |
4.6 |
8.4 |
11.1 |
|
| NOVEMBER |
2.2 |
5.1 |
8.3 |
15 |
|
| DECEMBER |
2.1 |
4.5 |
8.5 |
14.1 |
|
-
There were 14% more new listings when comparing market activity in 2006 with that of 2005. However, pending sales decreased 13.6% and closed sales fell 13.4%. See table below. Portland had its second highest total volume in real estate sales in 2006 with $10.4 billion compared to $10.6 last year. Further, the average sale price increased 14% (322,600 v. 282,900) and median sale price appreciated 13.9% ($270,500 v. $237,500).
Condo Appreciation Rates Average Sales Price and % of Change from Prior Year
2008: $290,600 6%
2007: $272,900 13%
2006: $241,800 14%
-
2005: $212,000 14%
2004: $186,600 12%
Some of my favorite links:
EXPERTS: EASTERN OREGON AND IDAHO LAND, FARMS, RANCHES AND SPECIALTY PROPERTIES:www.intermountainland.com
Corporate Site
|
 |
 WSJ.com: Real Estate
Lenders Seize Sillerman Resort - 4 days ago
Lenders holding the $180 million mortgage on entertainment mogul Robert Sillerman's luxury resort in Anguilla have taken over the half-built project.
Investors Lost It All in Memphis - 5 days ago
The commercial real-estate mess is clobbering investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.
(State) House Rules in Kansas Casino - 4 days ago
Gambling in Kansas comes with a twist—the state owns the casino and sets the rules, an unusual arrangement devised by the legislature.
China Prepares to Salvage CCTV Tower - 10 hours ago
Beijing is preparing to rebuild a Rem Koolhaas skyscraper in the complex housing the national broadcaster, a year after fire gutted the structure.
Connecticut, Starwood Hit Bump - 9 hours ago
Connecticut pulled off a coup when Starwood Hotels agreed to relocate its headquarters there. But now there are questions being raised over how the state sealed the deal. |
 |
|
|
 |
