• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
* Du to possbl rportg cosstcs, Avrag Markt Tm should b usd to aalyz trds oly.
A Publication o RMLS 
™ 
, The Source or Real Estate Statistics in Your Community 
Residential Market Highlights
 © Copyrght RMLS™ 2008. All Rghts Rsrvd.
TABLE OF CONTENTS
 
Portland Metro Area ............................1-3Portland Metro/SW Washington.........4-5SW Washington ...................................6-7Lane County, OR .................................8-9Douglas County, OR .......................10-11Coos County, OR ...................................12Curry County, OR .................................13 Mid-Columbia ..................................14-15Columbia Basin ................................16-17Union & Baker County, OR ............18-19
ReSiDenTiAL ReVieW:
Mtro Portlad, Orgo Jauary 2008
Rportg Prod
 January Residential Highlights
Market activity appears to haveslowed when comparing January2008 with the same month in2007. New listings jumped 11.9%compared to last January, but closedsales dropped 31.9% and pendingsales ell 34.3%While an increase in new listingsin January is common, a substantialdrop in closed sales helped compoundthe inventory rate as the 13,904active residential listings would lastapproximately 12.8 months at January’srate o sales. This is the highest recordedlevel since the previous high o 10.1 in January 2000.
Counties
Avragnw Pdg Closd Avrag Mda MarktLstgs Sals Sals Sal Prc Sal Prc Tm*
Jauary 4,937 1,671 1,085 342,900 280,000 83Yar-to-Dat 4,937 1,671 1,085 342,900 280,000 83
Metro Portland,Oregon
Jauary 4,411 2,544 1,594 322,900 275,000 65Yar-to-Dat 4,411 2,544 1,594 322,900 275,000 65
        2        0        0       7        2        0        0        8
(Active Listings / Closed Sales)
Inventory in Months
 
2006 2007 2008January 3.2 6.2 12.8February 2.7 5.2March 2.0 3.8April 2.4 4.4May 2.3 4.5June 2.6 5.0July 3.5 5.7August 3.6 6.2September 4.5 8.6October 4.6 8.4November 5.1 8.3December 4.5 8.5
New Construction in 2007
The sale o properties listed asproposed, under construction ornew construction increased 6%(5,370 v. 5,045) when comparing2007 and 2006. The average saleprice appreciated 6% ($387,200 v.$365,600) and the median sale pricegrew 6% ($318,600 v. $300,000).
Affordability
According to a ormula used byNAR, the average Portland amilyhousehold only had 99% o the incomeneeded to purchase a median pricedhome ($276,500) in the Portland metroarea in December.A amily making the medianannual income ($63,800 according toHUD) would pay $1,340.46 a monthor this home with a 20% downpayment and a 30-year ixed-ratemortgage with an interest rate o 6.1%(per Freddie Mac).
Average ChangeSale Price 2006-07Clackamas $400,800 +3%Columbia $254,500 +11%Multnomah $336,300 +9%Washington $333,900 +6%Yamhill $284,400 +6%
*See page 20 for more information onaffordability and Portland Appreciation
 
AREA REPORT • 1/2008
Metro Portland & Adjacent Regions, Oregon
Market Action
2
 © Copyrght RMLS
™
2008. All Rghts Rsrvd.
North Portland Gresham/ Troutdale West Portland Beaverton/Aloha Columbia County Yamhill County Milwaukie/ Clackamas Oregon City/ Canby Lake Oswego/West Linn Northwest Washington County Tigard/Wilsonville Hillsboro/ Forest Grove Mt. Hood: Govt.Camp/Wemme 
    1    4    1    1    4    2    1    4    3    1    4    4    1    4    5    1    4    6    1    4    7    1    4    8    1    4    9    1    5    0    1    5    1    1    5    2    1    5    3    1    5    5    1    5    6
268,100 329,900 279,600 249,600 369,000 319,300 588,800 503,100 418,300 257,100 377,700 280,600 239,800 225,800 263,500 101173 235 106 11189 66 186 73 177 127 10113 43 70 3 2 9 2 12 0 10 2 2 3 0 16 401,300 226,000 448,800 333,700 1,300,000 284,700 N/A 700,000 N/A 372,300 340,000 326,600 N/A 192,500 186,700 93,900 N/A 132,200 249,600 248,300 233,000 150,000 356,600 N/A 250,000 N/A 325,000 131,000 90,300 400,300 317,700 800,000 402,300 N/A N/A 335,000 273,900 N/A N/A 110,000 N/A N/A N/A N/A N/A 8.3% 7.3% 6.7% 4.4% -6.4% 1.1% 7.5% 4.6% 6.3% 3.2% 4.8% 4.2% 2.5% 10.9% 5.5% 49 113 152 77 58 56 59 135 46 96 90 55 10 33 56 4 0 3 7 3 2 12 0 3 0 2 2 6 3 511959 1,457 1,022 1,167 853 8311,582 568 1,180 1,233 1,045 91487 918 250,200 265,000 245,900 238,000 320,000 295,000 449,000 399,000 384,600 245,300 350,000 259,900 245,000 218,000 220,000 3 14 0 0 110 0 10 0 0 0 0 101173 235 106 11189 66 186 73 177 127 10113 43 70 1.0% -37.8% -31.5% -33.3% -29.7% -23.9% -48.0% -30.6% -35.4% -30.0% -36.5% -56.8% -13.3% -31.7% -39.7% 49 113 152 77 58 56 59 135 46 96 90 55 10 33 56 268,100 329,900 279,600 249,600 369,000 319,300 588,800 503,100 418,300 257,100 377,700 280,600 239,800 225,800 263,500 1.0% -37.8% -31.5% -33.3% -29.7% -23.9% -48.0% -30.6% -35.4% -30.0% -36.5% -56.8% -13.3% -31.7% -39.7% 76 8169 80 93 103 77 89 78 67 8193 75 115 107 225 412 571360 407 294 289 571211498 435 326 25 100 213 138 219 288 246 286 171183 331141293 213 187 13 44 108 
RESIDENTIAL Current MonthYear-To-DateYear-To-DateYear-To-DateYear-To-Date COMMERCIAL MULTIFAMILY LAND Northeast Portland Southeast Portland 
    1    7    0 ,    1    7    2 ,    2    1    0
    1    8    0  -    2    0    0
Marion/ Polk Counties North Coastal Counties 
261,400 371,500 74 512 0 294,000 N/A 84,500 180,000 350,000 356,800 6.2% 13.6% 43 35 19 11,053 1,133 265 247 230,000 315,000 13 74 51-32.7% 30.8% 43 35 261,400 371,500 -32.7% 30.8% 119 115 150 127 265 247 225 412 571360 407 294 289 571211498 435 326 25 100 213 
    A   c   t    i   v   e    L    i   s   t    i   n   g   s    N   e   w    L    i   s   t    i   n   g   s
    4
    P   e   n    d    i   n   g    S   a    l   e   s    C    l   o   s   e    d    S   a    l   e   s    E   x   p    i   r   e    d    /    C   a   n   c   e    l   e    d    L    i   s   t    i   n   g   s    P   e   n    d    i   n   g    S   a    l   e   s    2    0    0    8   v .    2    0    0    7
    2
    A   v   e   r   a   g   e    S   a    l   e    P   r    i   c   e    A   v   e   r   a   g   e    M   a   r    k   e   t    T    i   m   e
    1
    N   e   w    L    i   s   t    i   n   g   s    P   e   n    d    i   n   g    S   a    l   e   s    P   e   n    d    i   n   g    S   a    l   e   s    2    0    0    8   v .    2    0    0    7
    2
    C    l   o   s   e    d    S   a    l   e   s    A   v   e   r   a   g   e    S   a    l   e    P   r    i   c   e    M   e    d    i   a   n    S   a    l   e    P   r    i   c   e
    A   p   p   r   e   c    i   a   t    i   o   n
    3
    C    l   o   s   e    d    S   a    l   e   s    A   v   e   r   a   g   e    S   a    l   e    P   r    i   c   e    C    l   o   s   e    d    S   a    l   e   s    A   v   e   r   a   g   e    S   a    l   e    P   r    i   c   e    A   v   e   r   a   g   e    S   a    l   e    P   r    i   c   e    C    l   o   s   e    d    S   a    l   e   s
1
Du to possbl rportg cosstcs, Avrag Markt Tm should b usd to aalyz trds oly.
2
Prct chag  umbr o pdg sals ths yar compard to last yar. Th Currt Moth scto compars Jauary 2008 wth Jauary 2007. ThYar-To-Dat scto compars yar-to-dat statstcs rom Jauary 2008 wth yar-to-dat statstcs rom Jauary 2007.
3
Apprcato prcts basd o a comparso o avrag prc or th last 12 moths (2/1/07-1/31/08) wth 12 moths bor (2/1/06-1/31/07).
4
As o Octobr 2007, th way that nw Lstg data s gratd has chagd to sur accuracy.
 
500060007000800090001000011000120001300014000150001600017000180001900020000
Previous Year Residential (9,804)Current Year Residential (13,904)Current Year Total (17,064)JANDECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEB
3035404550556065707580859095100
Current YearPrevious Year
JANDECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEB
AVERAGE SALE PRICEMetro Portland, OregonDAYS ON MARKETMetro Portland, Oregon
This graph represents the average sale price for all homes sold in the Portland, Oregonmetropolitan area.
ACTIVE LISTINGSMetro Portland, OregonPENDING SALESMetro Portland, Oregon
This graph represents monthly accepted offers inthe Portland, Oregon metropolitan area over the past two years.
3
This graph shows average days on market for salesin the Portland, Oregon metropolitan area. (See footnote on page 1.)
 © Copyrght RMLS
™
2008. All Rghts Rsrvd.
This graph shows the active listings offeredthrough RMLS
™
for all property categories this year, with a comparison of the residential activelistings last year.
05001000150020002500300035004000Current YearPrevious YearJANDECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEB
260000270000280000290000300000310000320000330000340000350000360000370000Current YearPrevious YearJANDECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEB
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...