wilsonville market update

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 ofNovember 23, 2009

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

WILSONVILLE, OR

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

Median List Price

Median Lot Size

15.2

Percent Relisted (reset DOM)

2451

2.5

2 %

Median Number of Bathrooms

153

Inventory of Properties Listed

$ 174

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 399,900

44 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

13 %

Percent of Properties with Price Decrease

Strong Buyer's

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±+

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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 advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

19 03581

1532.5 17

3.0

0

157

4.0 29

153

3

2

0.25 - 0.50acre

19

$ 369,900

1

2

29

3.0

8,001 -10,000 sqft

22.5

1685 4,501 -6,500 sqft

28

$ 299,000

4.0

149

4,501 -6,500 sqft$ 486,500

4.0$ 797,475

18

4

2827

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

Monday November 23, 2009

Compliment of Fidelity National Title Company

28

2204

2.0

The median list price in WILSONVILLE,OR this week is $399,900. The 114properties have been on the marketfor an average of 153 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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WILSONVILLE,OR

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

114

$ 3,360,500

$ 19,850

$ 540,599

19

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.

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City OverviewWILSONVILLE,

OR


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.

90-day Average7-day Average

Quartile PricesIn the quartile market segments, we see prices across the quartiles of this zip code not tightly correlated recently. Prices inQuartile 1 and 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent upshift in the Market Action Index as a leading indicator of the trough in the market.

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

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OR


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.


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.


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OR


Market Action IndexThe WILSONVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.16. 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, 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.

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OR


Days on MarketThe properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in thepast 147 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.


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wilsonville market update

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