lo 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 ofSeptember 14, 2009

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

LAKE OSWEGO, OR

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

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

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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

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±+

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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


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


LAKE OSWEGO,OR


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.


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.



LAKE OSWEGO,OR


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.


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.


LAKE OSWEGO,OR


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.


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.


Median List Price

Median Lot Size

14.3


2531

2.5

4 %


129


$ 202


0.25 - 0.50 acre


$ 462,000

47 %

4.0

Market Action



15 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


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.



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.






No change



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LAKE OSWEGO,OR 97035

Neighborhood Detail


Average List Price


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



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.


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.







Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.





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.







Median List Price

Median Lot Size

12.4


3396

3.0

3 %


151


$ 253


0.25 - 0.50 acre


$ 850,000

49 %

4.0

Market Action



18 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


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.



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.






No change



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Neighborhood Detail


Average List Price


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.




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.


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.







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.





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.







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