west linn report - jan 22, 2010
DESCRIPTION
West LInn real estate sales reportTRANSCRIPT
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 ofJanuary 25, 2010
· Presented by Jeff MeucciFidelity National Titlewww.fidelityportland.com - [email protected](503) 223-8338
WEST LINN, OR
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
Median List Price
Median Lot Size
13.5
Percent Relisted (reset DOM)
3104
2.5
3 %
Median Number of Bathrooms
175
Inventory of Properties Listed
$ 176
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 525,000
34 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
16 %
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 44707
1632.5 17
3.0
3
149
4.0 69
155
10
4
1.0 - 2.5acres
34
$ 470,000
7
1
69
4.0
8,001 -10,000 sqft
03.0
1885 8,001 -10,000 sqft
68
$ 297,000
4.0
232
0.25 - 0.50acre$ 598,500
4.0$ 999,925
11
3
3402
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday January 25, 2010
Compliment of Fidelity National Title Company
68
2852
2.0
The median list price in WEST LINN,OR this week is $525,000. The 274properties have been on the marketfor an average of 175 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 trend Strong downward trend
Slight upward trend Slight downward trend±+
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≠=
WEST LINN, ORCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
274
$ 6,850,850
$ 115,000
$ 695,187
22
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 6
Single Family Homes in
Compliment of Fidelity National Title Company
City OverviewWEST LINN, OR
Monday January 25, 2010
Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
90-day Average7-day Average
Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Compliment of Fidelity National Title Company
City OverviewWEST LINN, OR
Monday January 25, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Compliment of Fidelity National Title Company
City OverviewWEST LINN, OR
Monday January 25, 2010
Market Action IndexThe WEST LINN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.51. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
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.
Page 5 of 6
Single Family Homes in
Compliment of Fidelity National Title Company
City OverviewWEST LINN, OR
Monday January 25, 2010
Days on MarketThe properties have been on the market for an average of 175 days. Half of the listings have come newly on the market in thepast 154 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
Page 6 of 6
Single Family Homes in