april 2013 market action report for portland metro oregon home value
TRANSCRIPT
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
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A Publication of RMLS, The Source for Real Estate Statistics in Your Community
Copyright RMLS 2013. All Rights Reserved.
Residential Review: Metro Portland, Oregon April 2013 Reporting Period
April Highlights
Portland is abuzz with realestate activity this spring. Newlistings continued to riseat 3,623,the number of new listings for themonth was the greatest in any onemonth since August 2010. This alsorepresented a 20.7% increase over
Marchs 3,002 new listings.The increase in new listings
helped inventory stabilize: thenumber currently sits at 3.1 months.Average time on market currentlystands at 91 daysthe last timemarket time was that low was July2008.
Accepted offers increased thismonth to 2,942, an 11.9% increaseover March (2,628) and 24.4%
increase over April 2012 (2,365).Closed sales are up as well,
with Aprils 2,125 posted salesrepresenting a 9.8% increase over
March and 16.6% increase over April2012.
Year to Date Summary
The Portland metro real estatemarket continues to have a strongyear. There have been 9,314 acceptedoffers and 7,039 closed sales in 2013,up 16.4% from 8,000 pendings and
12.9% from 6,236 closed sales in thesame period last year. The 11,678new listings this year represent a4.4% increase from the 11,182 en-tered by this time last year.
Average and Median Sale Prices
The average sales price so far thisyear was $293,600, up 15.3% fromthe same period in 2012, when theaverage was $254,600. In the samecomparison, the median increased15.6% from $216,200 last year to$250,000 in the first four monthsof 2013.
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
Apri l 3,623 2,942 2,125 302,600 257,000 91
March 3,002 2,628 1,935 299,000 250,000 112
Year-to-date 11,678 9,314 7,039 293,600 250,000 107
Apri l 3,038 2,365 1,822 262,400 225,000 123
Year-to-date 11,182 8,000 6,236 254,600 216,200 132
Apri l 19.3% 24.4% 16.6% 15.3% 14.2% -26.5%
Prev Mo 2013 20.7% 11.9% 9.8% 1.2% 2.8% -18.8%
Year-to-date 4.4% 16.4% 12.9% 15.3% 15.6% -19.1%
201
3
2012
Change
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. This
includes proposed and under construction homes.
Inventory in Months*2011 2012 2013
January 11.3 7.0 4.7February 10.9 6.5 4.5March 7.1 5.0 3.2Apr il 7.2 4.7 3.1May 6.8 4.2June 6.0 3.9July 7.0 4.6
August 6.2 3.9September 6.7 4.6October 6.8 3.8November 6.2 4.2December 5.3 3.6
Percent Change of 12-Month Sale Price
Compared With The Previous 12 Months
Average Sale Pri ce % Change:
+9.1% ($285,700 v. $261,900)
Median Sale Price % Change:
+10.9% ($244,000 v. $220,000)
For further explanation of this measure, see the
second footnote on page 2.
urtesy of your Realtor, Andrew Beach, at Prudential NW Properties www.Listed2Sold.co
http://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworth 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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
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2Copyright RMLS 2013. All Rights Reserved.
AREA REPORT 4/2013Portland Metropolitan Area, Oregon
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2013 with April 2012. The Year-To-
Date section compares 2013 year-to-date statistics through April with 2012 year-to-date statistics through April.2 % Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/12-4/30/13) with 12 months before (5/1/11-4/30/12).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 31days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
Ac
tive
Listings
New
Listings
Exp
ire
d/Cance
ledListings
Pen
ding
Sa
les
Pen
ding
Sa
les
2013v.
20121
Close
dSa
les
Average
Sa
lePrice
To
talMarke
tTime
3
New
Listings
Pen
ding
Sa
les
Pen
ding
Sa
les
2013v.
20121
Close
dSa
les
Average
Sa
lePrice
Me
dian
Sa
lePrice
Avg.
Sa
lePrice
%Change
2
Close
dSa
les
Average
Sa
lePrice
Close
dSa
les
Average
Sa
lePrice
Close
dSa
les
Average
Sa
lePrice
141
N Portland 259 177 15 136 19.3% 104 244,500 53 512 413 15.0% 317 243,100 232,000 6.8% 2 362,500 17 91,300 10 366,400
142
NE Portland 470 395 56 308 34.5% 219 330,500 54 1,178 918 16.6% 719 317,400 273,000 12.0% 8 254,000 16 175,600 28 383,100
143
SE Portland 586 426 68 335 18.0% 222 285,300 48 1,312 1,061 8.7% 841 251,400 219,900 12.7% 8 349,900 19 114,500 51 368,300
144 Gresham/
Troutdale 458 183 38 158 14.5% 118 202,400 90 691 508 4.7% 396 212,300 198,800 5.1% 3 140,000 23 136,500 16 253,900
145 Milwaukie/
Clackamas 569 296 54 265 40.2% 158 255,000 112 995 786 15.4% 572 257,400 238,000 6.0% 1 135,000 38 121,700 6 626,200
146 Oregon City/
Canby 449 178 43 147 32.4% 107 262,200 104 636 474 18.5% 352 252,400 237,700 3.4% 1 310,000 34 133,700 3 300,200
147 Lake Oswego/
West Linn 466 252 62 160 21.2% 113 448,600 118 774 546 22.1% 398 469,500 415,000 9.2% - - 5 324,400 2 508,900
148
WPortland 733 439 76 346 21.8% 232 450,400 104 1,355 1,021 17.8% 742 425,700 352,500 10.2% 6 356,900 23 149,700 11 520,300
149
NWWash Co. 242 160 29 135 0.0% 128 406,700 73 566 467 6.1% 378 382,600 361,600 3.4% - - 9 212,400 2 348,000
150 Beaverton/
Aloha 391 300 42 277 30.0% 199 263,500 77 984 846 17.8% 598 250,400 227,600 10.0% 1 50,000 5 250,000 9 263,300
151
Tigard/Wilsonville 498 291 36 264 39.7% 188 323,800 104 1,020 892 32.0% 661 309,800 282,000 6.9% 2 129,000 14 182,100 9 260,700
152 Hillsboro/
Forest Grove 398 229 30 197 10.7% 155 224,100 119 715 662 12.8% 514 228,100 213,600 8.8% 5 479,700 17 133,800 15 252,800
153
Mt. Hood 107 28 9 10 -28.6% 9 204,100 282 76 46 -4.2% 37 206,200 170,000 9.3% - - 2 139,800 - -
155
Columbia Co. 282 93 18 81 92.9% 59 166,000 153 294 226 28.4% 182 156,400 156,500 -1.0% 5 183,000 9 52,100 2 147,500
156
Yamhill Co. 590 176 40 123 8.8% 114 198,900 116 570 448 26.9% 332 224,800 185,000 9.9% 4 241,200 22 179,600 7 351,200
Year-To-Date
COMMERCIAL LAND MULTIFAMILYRESIDENTIAL
Year-To-Date Year-To-DateCurrent Month Year-To-Date
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
3/73Copyright RMLS 2013. All Rights Reserved.
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
This graph shows the
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.J AN FEB MAR APR MAY J UN J UL AUG SEP OCT NOV DEC
2011 11,69711,74611,45811,62111,825 11,817 11,97011,27610,66610,012 9,451 8,612
2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,352
2013 6,366 6,256 6,207 6,498
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
Act ive Residential List ings
J AN FEB MAR APR MAY J UN J UL AUG SEP OCT NOV DEC2011 14,815 14,869 14,544 14,736 14,973 14,921 15,000 14,269 13,579 12,852 12,283 11,167
2012 11,17510,939 10,95711,146 11,465 11,448 11,70911,629 11,263 10,542 9,659 8,374
2013 8,519 8,435 8,385 8,673
5,000
7,500
10,000
12,500
15,000
17,500
Total Active Listings
0
500
1,000
1,500
2,0002,500
3,000
3,500
4,000
New Listings
2011 2012 2013
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
4/7Copyright RMLS 2013. All Rights Reserved.4
This graph represents
monthly accepted offers
in the Portland, Oregon
metropolitan area over
the past three calendar
years.
PENDING LISTINGS
PORTLAND, OR
This graph shows the
closed sales over the past
five calendar years in the
greater Portland, Oregon
metropolitan area.
CLOSED SALES
PORTLAND, OR
This graph shows the
average market time for
sales in the Portland,
Oregon metropolitan area
over the past three calendar
years.
DAYS ON MARKET
PORTLAND, OR
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Pending Sales
2011 2012 2013
0
500
1,000
1,500
2,000
2,500
Closed Sales
2009
2010
2011
2012
2013
0
20
40
60
80
100
120
140
160
180
200
Average Total Market Time
2011 TMT 2012 TMT 2013 TMT
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
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Copyright RMLS
2013. All Rights Reserved.
5
This graph represents the average and median sale price for all homes sold in
the Portland, Oregon metropolitan area.
SALE PRICE
PORTLAND, OR
$175,000
$195,000
$215,000
$235,000
$255,000
$275,000
$295,000
$315,000
$335,000
$355,000$375,000
Apr-04
Jul-04
Oct-04
Jan-05
Apr-05
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
Jan-07
Apr-07
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Average and Median Sale Price
Average Sale Price Median Sale Price
$100,000
$120,000$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR
Median Sale Price: Por tland, OR & Clark Co., WA
Clark County Metro Portland, OR
This graph shows th
median sale price ove
the past 12 months i
the greater Portland
Oregon, metropolita
area and Clark
County.
MEDIAN SALEPRICE
PORTLAND, OR
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
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$ 178,500
Yamhill County
$ 230,000N Portland
$ 289,000NE
Portland
$ 259,900SEPortland
$ 192,900Gresham
TroutdaleSandy
CorbettFairview $ 183,000
Mt. Hood:Zigzag
WelchesRhododendron
WemmeBrightwood
Government Camp
$ 233,500Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$ 245,000
Oregon CityCanby
Molalla
Beavercreek
$ 430,500
Lake Oswego
WestLinn
$ 369,500
West
Portland
$ 381,800
North Washington County
Sauvie Island
$ 237,000
Beaverton
Aloha
$ 300,000
Tigard/Tualatin
Sherwood
Wilsonville
$ 214,600Hillsboro
Forest Grove
$ 160,000
Columbia County
$163,500Heights
$178,100Cent. Vancouver
$190,700
Cascade Park
$165,2005 Corners
Orch.
$179,800HazelDell
Minnehaha
$250,000Felida
$272,000
Salmon Creek
$255,000
Camas/Washougal
$285,000
Brush Prairie
Hockinson
$251,200
Ridgefeld/La Center
$225,500
Battle Ground
$366,000
N/NE Clark County
$195,800
Woodland
MEDIAN SALE PRICEApril 2013
PORTLAND
METRO
6Copyright RMLS 2013. All Rights Reserved.
SW
WASHINGTON
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7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value
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MULTIPLE LISTING SERVICE
The statistics p resented in Market
Act ion are co mpi led m ont hly based on
figures generated by RMLS
.Market Action Reports are compiled for
the following areas: Portland metropolitanarea, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County,Coos County, Curry County, DouglasCounty, Grant County, Lane County, NorthCoastal Counties, Polk & Marion Counties,Union County, and Wallowa County.
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.
Brian Carlson, Chairman of the BoardKurt von Wasmuth, President/CEOHeather Andrews, Editor
Copyright RMLS 2013. 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
Corporate8338 NE Alderwood Rd, Suite 230
Portland, OR 97220(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
Salem4035 12th Street Cutoff SE, Suite 110
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
$100,000
$125,000
$150,000
$175,000
$200,000
Median Condo Sale Price
2011 2012 2013
AFFORDABILITY
PORTLAND, OR
This graph shows the affordability for housing in
Portland, Oregon in March 2013.
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Affo rd abi li ty Index
AFFORDABILITY - According to a formula from the National Association of REALTORS, buying a house in the Portlandmetro area is affordable for a family earning the median income. A family earning the median income ($68,300 in 2013,per HUD) can afford 157% of a monthly mortgage payment on a median priced home ($250,000 in March). The formulaassumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.57% (per Freddie Mac).