lo market update
DESCRIPTION
Latest Market Data as of 9/14/2009TRANSCRIPT
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 ofSeptember 14, 2009
· Presented by Jeff MeucciFidelity National Titlewww.fidelityportland.com - [email protected](503) 223-8338
LAKE OSWEGO, OR
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Median List Price
Median Lot Size
13.3
Percent Relisted (reset DOM)
2978
3.0
3 %
Median Number of Bathrooms
143
Inventory of Properties Listed
$ 227
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 654,500
49 %
4.0
Market Action
Median Number of Bedrooms
Asking Price Per Square Foot
17 %
Percent of Properties with Price Decrease
Strong Buyer's
≠≠
≠≠
≠≠
==
==
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 advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
12 34422
1232.5 34
3.0
4
149
4.0 121
99
7
7
0.25 - 0.50acre
38
$ 539,000
9
5
121
4.0
8,001 -10,000 sqft
53.0
1914 0.25 - 0.50acre
120
$ 369,900
4.0
200
0.25 - 0.50acre$ 849,900
4.0$ 1,475,000
26
11
3415
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 September 10, 2009
Compliment of Fidelity National Title Company
120
2623
2.0
The median list price in LAKEOSWEGO, OR this week is $654,500.The 482 properties have been on themarket for an average of 143 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±+
== ≠≠
≠=
LAKE OSWEGO,OR
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
482
$ 19,500,000
$ 199,000
$ 919,587
35
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Compliment of Fidelity National Title CompanyCity Overview
LAKE OSWEGO,OR
Thursday September 10, 2009
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 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Compliment of Fidelity National Title CompanyCity Overview
LAKE OSWEGO,OR
Thursday September 10, 2009
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Compliment of Fidelity National Title CompanyCity Overview
LAKE OSWEGO,OR
Thursday September 10, 2009
Market Action IndexThe LAKE OSWEGO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.27. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Compliment of Fidelity National Title CompanyCity Overview
LAKE OSWEGO,OR
Thursday September 10, 2009
Days on MarketThe properties have been on the market for an average of 143 days. Half of the listings have come newly on the market in thepast 119 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Median List Price
Median Lot Size
14.3
Percent Relisted (reset DOM)
2531
2.5
4 %
Median Number of Bathrooms
129
Inventory of Properties Listed
$ 202
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 462,000
47 %
4.0
Market Action
Median Number of Bedrooms
Asking Price Per Square Foot
15 %
Percent of Properties with Price Decrease
Strong Buyer's
±+
≠≠
≠≠
±+
±+
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 advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
20 13662
932.5 31
3.0
1
127
3.0 47
100
0
1
0.25 - 0.50acre
40
$ 424,900
5
6
48
3.5
8,001 -10,000 sqft
62.5
1468 0.25 - 0.50acre
47
$ 299,970
4.0
197
8,001 -10,000 sqft$ 544,500
4.0$ 960,000
24
3
2882
With inventory, days-on-market, andthe Market Action Index all recentlyplateaued, the market is not sendingstrong directional signal for the near-term outlook.
Thursday September 10, 2009
Compliment of Fidelity National Title Company
47
2124
2.0
The median list price in LAKEOSWEGO, OR 97035 this week is$462,000. The 189 properties havebeen on the market for an average of129 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±+
== ≠≠
≠=
LAKE OSWEGO,OR 97035
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
189
$ 7,500,000
$ 199,000
$ 658,419
33
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97035
Thursday September 10, 2009
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices inthe upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97035
Thursday September 10, 2009
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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97035
Thursday September 10, 2009
Market Action IndexThe LAKE OSWEGO, 97035 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.34. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97035
Thursday September 10, 2009
Days on MarketThe properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in thepast 91 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Median List Price
Median Lot Size
12.4
Percent Relisted (reset DOM)
3396
3.0
3 %
Median Number of Bathrooms
151
Inventory of Properties Listed
$ 253
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 850,000
49 %
4.0
Market Action
Median Number of Bedrooms
Asking Price Per Square Foot
18 %
Percent of Properties with Price Decrease
Strong Buyer's
≠≠
≠≠
≠≠
==
==
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 advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
10 34900
1362.5 34
3.0
2
144
4.0 73
114
4
4
0.25 - 0.50acre
46
$ 714,000
6
1
74
4.5
0.25 - 0.50acre
13.5
2212 0.25 - 0.50acre
73
$ 453,000
4.0
210
0.25 - 0.50acre$ 950,000
4.0$ 1,650,000
22
7
3875
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 September 10, 2009
Compliment of Fidelity National Title Company
73
3075
2.5
The median list price in LAKEOSWEGO, OR 97034 this week is$850,000. The 293 properties havebeen on the market for an average of151 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±+
== ≠≠
≠=
LAKE OSWEGO,OR 97034
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
293
$ 19,500,000
$ 204,750
$ 1,088,054
37
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.
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97034
Thursday September 10, 2009
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 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97034
Thursday September 10, 2009
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97034
Thursday September 10, 2009
Market Action IndexThe LAKE OSWEGO, 97034 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.39. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Compliment of Fidelity National Title CompanyNeighborhood Detail
LAKE OSWEGO,OR 97034
Thursday September 10, 2009
Days on MarketThe properties have been on the market for an average of 151 days. Half of the listings have come newly on the market in thepast 140 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom