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Thursday, August 25, 2016
Wednesday, August 17, 2016
Tuesday, August 9, 2016
August 2016 Portland Oregon Real Estate Market Report
Welcome to the August 2016 Portland Real Estate Market Report! Although it is still a seller's market, the market has cooled a bit with inventory rising. Hopefully, for buyers, this relieves some pressure so they have an easier path to keys in their hand. Time will tell if this is a temporary blip or points to a trend. Although the market has cooled a bit, it is still a very strong seller's market. However, sellers may see less multiple offers. Pricing correctly and having the right marketing plan is crucial. Contact us for a no obligation, no pressure discussion about your real estate goals. We would love to help!
Click here to see all homes available for sale in the Portland Metro Area
Trends of homes for sale, pending, and sold in the last 15 months in Portland OR
July 2016 is a Seller's market*
Home For Sale in July 2016: 1738 units.
•Up 19.5% compared to the last month•Up 14% compared to the last year
Home Closed in July 2016: 916 units.
•Down 18.6% compared to the last month•Down 28.5% compared to the last year
Home Placed under Contract in July 2016: 1116 units.
•Up 1.8% compared to the last month•Down 5.4% compared to the last year
Average Price Per Square Foot
July 2016 Average Sold Price per Square Footage is Appreciating*
Average Sold Price per Square Footage in July 2016: $242
•Up 1.7% compared to the last month•Up 14.7% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Average Days On Market and Percentage of List Price vs. Sale Price
July 2016 Average Days on Market trend is Falling*
Average Days on Market in July 2016: 20
•0% compared to the last month•Down 23.1% compared to the last year
July 2016 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in July 2016: 101%
•0% compared to the last month•0% compared to the last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Average Price of a Home Listed and Sold
July 2016 Average For Sale Price is Depreciating*
Average For Sale Price (in thousand) in July 2016: $583
•Down 2.8% compared to the last month•Up 7.6% compared to the last year
July 2016 Average Sold Price is Appreciating*
Average Sold Price (in thousand) in July 2016: $455
•Up 0.2% compared to the last month•Up 8.9% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Months of Inventory
July 2016 is a Seller's market*
Months of Inventory based on Closed Sales in July 2016: 1.9
•Up 46.4% compared to the last month•Up 58.8% compared to the last year
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
Click here to see all homes available for sale in the Portland Metro Area
Thursday, August 4, 2016
The Best Deals in Portland This Week!
Click on the Images Below to See Full Listing Information
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Just Sold in Beaverton, West Linn & Happy Valley
We just sold this fantastic West Linn home near Tanner Creek Park! Congratulations to our lovely clients Greg and Sarah who are headed to Kenya to work with Mercy Corps! Best of luck to you on your next adventure!
Happy Valley!!? Where's that, you ask? Go just a little Southeast my friends! We are so excited for our clients who just closed on this BRAND NEW townhome in HV! It's SO brand new, they got to pick out the floors, cabinets etc. AND this location, location, location: Right across the street from New Seasons, frozen yogurt, yoga, wood fire pizza, daycare and more! OH! AND 7 minutes to the Clackamas Town Center park and ride!!!! You can catch the Max Green Line and be downtown in 45 minutes if you don't feel like driving. Sounds pretty sweet to me! Congrats to our fantastic buyers and welcome to Happy Valley & Portland, we are so HAPPY to have you!
Search all listings in Portland on our website:
The Best Deals in Portland This Week!
Click on the Images Below to See Full Listing Information
Search all listings in Portland on our website:
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