hillsboro market information

MARKET UPDATEFidelity's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofAugust 24, 2009

· Presented by Jeff MeucciFidelity National Titlewww.fidelityportland.com - [email protected](503) 223-8338

HILLSBORO, OR

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC

Median List Price

Median Lot Size

18.0

Percent Relisted (reset DOM)

1925

2.5

4 %

Number of Bathrooms

136

Inventory of Properties Listed

$ 148

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 276,350

41 %

3.0

Market Action

Number of Bedrooms

Asking Price Per Square Foot

15 %

Percent of Properties with Price Decrease

Strong Buyer's

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's ddvantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

15 8298

1062.5 16

3.0

9

120

3.0 117

144

8

7

0.50 - 1.0acre

34

$ 249,900

7

5

117

3.0

4,501 -6,500 sqft

82.5

129 4,501 -6,500 sqft

117

$ 189,900

4.0

176

4,501 -6,500 sqft$ 314,000

4.0$ 525,000

12

12

218

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Thursday August 20, 2009

Jeff Meucci | Fidelity National Title | 503-223-8338

117

172

2.0

The median list price in HILLSBORO,OR this week is $276,350. The 468properties have been on the marketfor an average of 119 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward Strong downward

Slight upward Slight downward trend±+

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HILLSBORO, ORCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

468

$ 2,950,000

$ 75,000

$ 364,419

28

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

Jeff Meucci | Fidelity National Title | 503-223-8338City Overview

HILLSBORO, OR


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.

90-day Average7-day Average

Quartile PricesIn the quartile market segments, we see most of the market for this zip code showing price weakness lately. Notice however,that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand hasfallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest pricehomes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom


HILLSBORO, OR


Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.



HILLSBORO, OR


Market Action IndexThe HILLSBORO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.12. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.


HILLSBORO, OR


Days on MarketThe properties have been on the market for an average of 136 days. Half of the listings have come newly on the market in thepast 119 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Median List Price

Median Lot Size

19.2


1903

2.5

4 %

Number of Bathrooms

131


$ 141


4,501 - 6,500 sqft


$ 268,500

44 %

3.0

Market Action

Number of Bedrooms


14 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


21 3309

972.5 16

3.0

5

106

3.0 63

135

6

4

1.0 - 2.5acres

36

$ 239,900

4

3

63

2.5

4,501 -6,500 sqft

62.5

128 4,501 -6,500 sqft

63

$ 180,000

4.0

188

4,501 -6,500 sqft$ 290,700

4.0$ 571,250

13

9

222

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.



62

169

2.0

The median list price in HILLSBORO,OR 97123 this week is $268,500. The251 properties have been on themarket for an average of 119 days.






No change



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HILLSBORO, OR97123

Neighborhood Detail


Average List Price


251

$ 2,950,000

$ 75,000

$ 352,716

28

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Jeff Meucci | Fidelity National Title | 503-223-8338Neighborhood Detail

HILLSBORO, OR97123


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.



HILLSBORO, OR97123


Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.





HILLSBORO, OR97123


Market Action IndexThe HILLSBORO, 97123 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.40. With several months of inventory available at the current sales rate, buyers should find ample choice.








HILLSBORO, OR97123






Median List Price

Median Lot Size

16.3


1981

2.5

4 %

Number of Bathrooms

142


$ 152


8,001 - 10,000 sqft


$ 299,900

39 %

3.0

Market Action

Number of Bedrooms


16 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


15 6294

942.5 14

3.0

4

125

3.0 54

179

1

2

0.25 - 0.50acre

35

$ 263,500

3

3

55

3.0

4,501 -6,500 sqft

22.5

134 8,001 -10,000 sqft

54

$ 199,900

3.5

170

4,501 -6,500 sqft$ 349,450

4.0$ 494,000

11

3

226

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.



54

177

2.0

The median list price in HILLSBORO,OR 97124 this week is $299,900. The217 properties have been on themarket for an average of 112 days.






No change



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HILLSBORO, OR97124

Neighborhood Detail


Average List Price


217

$ 2,688,800

$ 89,900

$ 377,957

28

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.


HILLSBORO, OR97124


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 has beentrending a bit downward in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see pricesacross the board move from these levels.



HILLSBORO, OR97124


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.





HILLSBORO, OR97124


Market Action IndexThe HILLSBORO, 97124 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.60. With several months of inventory available at the current sales rate, buyers should find ample choice.








HILLSBORO, OR97124






hillsboro market information

Documents

quartile market segments

price weakness

price decreasestrong

percent of properties

percent flip price increased8

propertiesleast expensive

week ofaugust

exceedingnew inventory