portland oregon home sale values september 2010 rmls market action

8/8/2019 Portland Oregon Home Sale Values September 2010 RMLS Market Action

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A Publication of RMLS ™ , The Source for Real Estate Statistics in Your Community

© Copyright RMLS™ 2010. All Rights Reserved.

Residential Review: Metro Portland, Oregon September 2010 Reporting Period

September Residential Highlights

Comparing September 2010to September 2009, closed salesdecreased by 24%. Pending sales andnew listings also fell by 26.5% and6.1%, respectively. See residentialhighlights table below.

A comparison of September 2010

with the previous month, August2010, shows closed sales increased by 1.3% (1,399 v. 1,381). However,pending sales dropped by 6.2%(1,584 v. 1,688), and new listings fell by 7.3% (3,549 v. 3,829).

At the month’s rate of sales, the14,714 active residential listingswould last approximately 10.5months.

Sale PricesThe average sale price for

September 2010 declined 5.5%compared to September 2009. Themedian sale price also fell 4%.

On a month-to-month basis,comparing September 2010 toAugust 2010, the average saleprice went down 6.5% ($279,900v. $299,300) and the median saleprice also dropped 4% ($240,000v. $250,000).

Third Quarter Report

In a comparison of the thirdquarter of 2010 to the same quarterof 2009, closed sales dropped 24.7%(4,340 v. 5,762) and pending salesalso fell 26.5% (4,725 v. 6,428).However, new listings increased by1.2% (11,582 v. 11,448).

New

Listings

Pending

Sales

Closed

Sales

Average

Sale Price

Median

Sale Price

Total

Market

Time

September3,549 1,584 1,399 279,900 240,000 131

Year-to-date 37,795 15,681 14,675 284,000 240,000 130

September 3,780 2,156 1,841 296,300 249,900 135

Year-to-date 32,116 13,699 11,493 294,100 250,000 146

September -6.1% -26.5% -24.0% -5.5% -4.0% -2.6%

Year-to-date 17.7% 14.5% 27.7% -3.4% -4.0% -10.8%

2 0 1

0

2 0 0 9

C h a n g e

Portland Metro

Residential

Highlights

*Inventory in Months is calculated by dividing the Active Listings at the end of the month in

question by the number of closed sales for that month.

Inventory in Months*

2008 2009 2010

January 12.8 19.2 12.6

February 10.4 16.6 12.9

March 9.1 12 7.8

April 10.3 11 7.3

May 9.2 10.2 7

June 9.5 8.2 7.3

July 10 7.3 10.8

August 9.9 7.8 11September 10.4 7.6 10.5

October 11.1 6.5

November 15 7.1

December 14.1 7.7

Percent Change of 12-Month Sale Price

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)

*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.

For further explanation of this measure, see

the second footnote on page 2.

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2 © Copyright RMLS™ 2010. All Rights Reserved.

AREA REPORT • 9/2010Metro Portland & Adjacent Regions, Oregon

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.% 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 dayTotal Market Time continues to accrue; however, it does not include the time that it was off the market.

A c t i v e L i s t i n g s

N e w L i s t i n g s

E x p i r e d / C a n c e l e d L i s t i n g s

P e n d i n g S a l e s 2 0 1 0

P e n d i n g S a l e s 2 0 1 0 v . 2 0 0 9 1

C l o s e d S a l e s

A v e r a g e S a l e P r i c e

T o t a l M a r k e t T i m e 3

N e w L i s t i n g s

P e n d i n g S a l e s 2 0 1 0

P e n d i n g S a l e s 2 0 1 0 v . 2 0 0 9



M e d i a n S a l e P r i c e

A v g . S a l e P r i c e % C h

a n g e 2







1 4 1

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

1 4 2

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

1 4 3

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

1 4 4 Gresham/

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

1

4 5 Milwaukie/

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

1 4 6 Oregon City/

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

1 4 7 Lake Oswego/

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

1 4 8

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

1 4 9

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

1 5 0 Beaverton/

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

1 5 1 Tigard/

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

1 5 2 Hillsboro/

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

1 5 3

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 - -

1 5 5

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

1 5 6

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

1 6 8 - 1 7 8

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

1 8 0 - 1 9 5

2 0 0 North Coastal

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

Year-To-Date

COMMERCIAL LAND MULTIFAMILYRESIDENTIAL

Year-To-Date Year-To-DateCurrent Month Year-To-Date

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NEW LISTINGS

PORTLAND, OR

This graph shows the

new residential listings

over the past threecalendar years in the

greater Portland, Oregon

metropolitan area.

TOTAL ACTIVE

LISTINGSPORTLAND, OR


total active listings over

the past three calendar

years in the greater

Portland, Oregon

metropolitan area.

ACTIVE

RESIDENTIAL

LISTINGS

PORTLAND, OR

This graph shows the active

residential listings over the

past three calendar years

in the greater Portland,

Oregon metropolitan area.4000

6000

8000

10000

12000

14000

16000

18000

20000

Active Residential Listings

2008 2009 2010

5000

7500

10000

12500

15000

17500

20000

22500

25000

Total Active Listings

Total Active Listings 2008 Total Active Listings 2009 Total Active Listings 2010

0

1,000

2,000

3,000

4,000

5,000

6,000

New Listings

2008 2009 2010


































































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This graph represents

monthly accepted offers

in the Portland, Oregon

metropolitan area over

the past three calendar

years.

PENDING LISTINGS

PORTLAND, OR


closed sales over the past

three calendar years in

the greater Portland,

Oregon metropolitan

area.

CLOSED SALES

PORTLAND, OR


average market time for

sales in the Portland,

Oregon metropolitan area.

* As of August 2008, graph

now reports “Total Days

on Market” - for details

read footnotes on page 2

DAYS ON MARKET

PORTLAND, OR

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Pending Sales

2008 2009 2010

0

500

1,000

1,500

2,000

2,500

Closed Sales

2008 2009 2010

0

20

40

60

80100

120

140

160

180

Average Market Time

2008 2008 TMT

2009 TMT 2010 TMT




































































© Copyright RMLS™

2010. All Rights Reserved.

5

This graph represents the average sale price for all homes sold in the Portland,

Oregon metropolitan area.

AVERAGE SALE

PRICE

PORTLAND, OR

100000

120000

140000

160000

180000

200000

220000

240000

260000

SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT

Median Sale Price: Portland, OR & Clark Co., WA

Clark County Metro Portland, OR


median sale price over

the past 12 months in

greater Portland, Ore

metropolitan area and

Clark County.

MEDIAN SALE

PRICE

PORTLAND, OR

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

S e p - 0 0

M a r - 0 1

S e p - 0 1

M a r - 0 2

S e p - 0 2

M a r - 0 3

S e p - 0 3

M a r - 0 4

S e p - 0 4

M a r - 0 5

S e p - 0 5

M a r - 0 6

S e p - 0 6

M a r - 0 7

S e p - 0 7

M a r - 0 8

S e p - 0 8

M a r - 0 9

S e p - 0 9

M a r - 1 0

S e p - 1 0

Average Sale Price









































































































































































$181,000

Yamhill County

$216,500N Portland

$249,400NE

Portland

$212,000SEPortland

$198,000GreshamTroutdale

SandyCorbettFairview $185,000

Mt. Hood:Zigzag

WelchesRhododendron

WemmeBrightwood

Government Camp

$240,000Milwaukie/Gladstone/

Boring/Clackamas

Estacada

$232,500

Oregon CityCanby

Molalla

Beavercreek

$405,000

Lake Oswego

WestLinn

$355,000

West

Portland

$292,500

North Washington County

Sauvie Island

$220,000

Beaverton

Aloha

$285,000

Tigard/Tualatin

Sherwood

Wilsonville

$200,000Hillsboro

Forest Grove

$152,000

Columbia County

$173,500Heights

$135,000Cent. Vancouver

$180,500

Cascade Park

$185,5005 Corners

Orch.

$174,800HazelDell

Minnehaha

$235,500Felida

$255,000

Salmon Creek

$310,000

Camas/Washougal

$305,000

Brush Prairie

Hockinson

$245,000

Ridgefield/La Center

$215,000

Battle Ground

$175,000

N/NE Clark County

$227,000

Woodland

MEDIAN SALE PRICESeptember 2010

PORTLAND

METRO

6 © Copyright RMLS™ 2010. All Rights Reserved.

SW

WASHINGTON





































































































MULTIPLE LISTING SERVICE

The statistics presented in MarketAction are compiled monthly based on

figures generated by RMLS™

.Statistics reflect reported activity for

the greater Portland, Oregon metropolitanarea, to include Multnomah, Washington,Clackamas, Yamhill, & Columbia counties;Lane, Douglas, Coos & Curry Counties inOregon; portions of other Oregon Counties;and Clark, Cowlitz & Pacific Counties inWashington.

RMLS™ was formed by area Boards andAssociations of REALTORS® in 1991.

E-mail subscriptions are available for$45 per year by contacting RMLS™, (503)236-7657. Reproduction of any portion ofthis copyrighted material is prohibitedwithout prior approval of RMLS™.

Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEOKelsey Brunson, EditorDanny Gottleib, Assistant Editor

© Copyright RMLS™ 2010. All Rights Reserved.

Lane County: FlorencePO Box 414

Florence, OR 97439(541) 902-2560Fax: (541) 902-1341

Curry CountyPO Box 6307

Brookings, OR 97415(541) 469-0219

Fax: (541) 469-9695

Lane County: Eugene2139 Centennial Plaza

Eugene, OR 97401(541) 686-2885

Fax: (541) 484-3854

Southwest Washington1514 Broadway, Suite 101

Vancouver, WA 98663(360) 696-0718

Fax: (360) 696-9342

Douglas County3510 NE EdenbowerRoseburg, OR 97470

(541) 673-3571Fax: (541) 673-6581

Corporate825 NE Multnomah, Suite 270

Portland, OR 97232(503) 236-7657

Fax: (503) 230-0689

Mid-ColumbiaPO Box 1088

Hood River, OR 97031

(541) 436-2956Fax: (541) 387-6657

Eastern OregonPO Box 751

Hermiston, OR 97838(541) 567-5186

Fax: (541) 289-7320

Coos County1946 Sherman Ave., Suite 101

North Bend, OR 97459(541) 751-1070

Fax: (541) 751-1083

Salem2110 Mission St. SE, Suite 305

Salem, OR 97302(503) 587-8810

Fax: (503) 585-3817

This graph represents the median sale price for all

condos sold in the last three calendar years in the

Portland, Oregon metropolitan area.

MEDIAN SALE

PRICE CONDOS

PORTLAND, OR

$150,000

$175,000

$200,000

$225,000

$250,000

Median Condo Sale Price

2008 2009 2010

QUARTERLYCLOSINGS

PORTLAND, OR

This graph shows the number of closed sales by

quarter for the Portland, Oregon metropolitan area.

0

2000

4000

6000

8000

10000

12000

'01 '02 '03 '04 '05 '06 '07 '08 '09 10

Quarterly Closings

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter






















































































































portland oregon home sale values september 2010 rmls market action

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