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April 2010 RMLS Market Action Report - Portland Metro Real Estate

April 2010 RMLS Market Action Report - Portland Metro Real Estate

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Whether you live in Sherwood, Newberg, Tigard, Tualatin, Beaverton or the surrounding Portland Metro area and are wondering the spot-on-price-value of your home as it stands in today's market, simply go to http://www.SherwoodHouseValues.com and tell us a little about your home - Jason H. Gardner, Principal Broker of The Gardner Team will put together a complimentary market value report that expertly covers all the details of the market activity in your criteria.

Jason and Amber Gardner
971.832.1234
jasongardner@johnlscott.com
http://www.TheGardnerTeam.net
Whether you live in Sherwood, Newberg, Tigard, Tualatin, Beaverton or the surrounding Portland Metro area and are wondering the spot-on-price-value of your home as it stands in today's market, simply go to http://www.SherwoodHouseValues.com and tell us a little about your home - Jason H. Gardner, Principal Broker of The Gardner Team will put together a complimentary market value report that expertly covers all the details of the market activity in your criteria.

Jason and Amber Gardner
971.832.1234
jasongardner@johnlscott.com
http://www.TheGardnerTeam.net

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Published by: Jason and Amber Gardner - Gardner Team on May 19, 2010
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A Publication o RMLS
, The Source or Real Estate Statistics in Your Community
© Copyright RMLS™ 2010. All Rights Reserved.
Residential Review: Metro Portland, Oregon April 2010 Reporting PeriodApril Residential Highlights
Sales activity in the Portland metroarea improved in April 2010 comparedto the same month a year ago.Comparing April 2010 with April2009, closed sales increased 49.1%.Pending sales also jumped 60.8%, andnew listings rose 23.8%.When comparing April 2010 withthe month prior, March 2010, closedsales grew 7.9% (1,941 v. 1,799) andpending sales were up 24.5% (2,991v. 2,402). New listings, on the otherhand, dropped 5.5% (4,713 v. 4,987).At the month’s rate o sales, the14,182 active residential listings wouldlast approximately 7.3 months, thelowest o the year so ar.
Sale Prices
 The average sale price or April2010 decreased 3.1% compared toApril 2009, while the median saleprice went down 4%.Month-to-month, there wereminimal changes in prices. Theaverage sale price rose just 0.6%($282,100 v. $280,300) and the mediansale price went up 0.5% ($240,000 v.$238,900), when comparing April2010 to March 2010.
Year-to-Date
Comparing January-April 2010with the same period in 2009, closedsales increased 41.4%. Pending sales jumped 46.3%, and new listingsalso rose 15.4%. See residentialhighlights table below.
NewListingsPendingSalesClosedSalesAverageSale PriceMedianSale PriceTotalMarketTime
April
4,713 2,991 1,941 282,100 240,000 127
Year-to-date
17,918 8,476 5,900 279,700 239,900 138
April
3,808 1,860 1,302 291,100 249,900 148
Year-to-date
15,521 5,793 4,172 295,000 250,000 152
April
23.8% 60.8% 49.1% -3.1% -4.0% -14.0%
Year-to-date
15.4% 46.3% 41.4% -5.2% -4.0% -8.8%
      2      0      1      0      2      0      0      9      C      h     a     n     g     e
Portland MetroResidentialHighlights
*Inventory in Months is calculated by dividingthe Active Listings at the end o the month inquestion by the number o closed sales orthat month.
Inventory in Months*2008 2009 2010January
12.8 19.2 12.6
February
10.4 16.6 12.9
March
9.1 12 7.8
April
10.3 11 7.3
May
9.2 10.2
June
9.5 8.2
July
10 7.3
August
9.9 7.8
September
10.4 7.6
October
11.1 6.5
November
15 7.1
December
14.1 7.7
Percent Change of 12-Month Sale PriceCompared With The Previous 12 MonthsAverage Sale Price % Change:
-10.4% ($286,000 v. $319,200)
Median Sale Price % Change:
-9.6% ($244,000 v. $270,000)
*Total Market Time is the number o days rom when a property is listed to when an ofer is accepted on that same property. I a propertyis re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was of the market. 
For urther explanation o this measure, seethe second ootnote on page 2.
 
2
© Copyright RMLS
2010. All Rights Reserved.
AREA REPORT • 4/2010
Metro Portland & Adjacent Regions, Oregon
1
Percent change in number o pending sales this year compared to last year. The Current Month section compares April 2010 with April 2009. The Year-To-Date sectioncompares year-to-date statistics rom April 2010 with year-to-date statistics rom April 2009.
2
% Change is based on a comparison o the rolling average sale price or the last 12 months (5/1/09-4/30/10) with 12 months beore (5/1/08-4/30/09).
3
As o October 2007, the way that New Listing data is generated has changed to ensure accuracy.
4
Total Market Time is the number o days rom when a property is listed to when an ofer is accepted on that same property. I a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was of the market.
AREA REPORT
Portland Metro Area
    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
        3
    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    1    0    P   e   n    d    i   n   g    S   a    l   e   s    2    0    1    0   v .    2    0    0    9
        1
    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    T   o    t   a    l    M   a   r    k   e    t    T    i   m   e
        4
    N   e   w    L    i   s    t    i   n   g   s    P   e   n    d    i   n   g    S   a    l   e   s    2    0    1    0    P   e   n    d    i   n   g    S   a    l   e   s    2    0    1    0   v .    2    0    0    9    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   v   g .    S   a    l   e    P   r    i   c   e    %     C    h   a   n   g   e
        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    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    1    4    1
N Portland
4982087912543.7%88231,2007775338440.1%259232,400229,000-7.9%--1166,9004286,300 
    1    4    2
NE Portland
1,05647918431673.6%201284,800911,74888748.1%597276,200244,300-10.4%5527,00013105,30017351,500 
    1    4    3
SE Portland
1,37357724140751.9%283240,300982,1481,17240.7%838234,200210,000-10.5%7282,9001292,90028515,900 
    1    4    4
Gresham/Troutdale
1,00132914120147.8%133216,8001431,21157041.8%423218,700202,800-12.5%2304,10014102,00010238,200 
    1    4    5
Milwaukie/Clackamas
1,04235716922347.7%133251,7001101,36963234.2%403252,500236,900-9.6%195,00016120,8005199,000 
    1    4    6
Oregon City/Canby
86325210114047.4%89268,50011694242350.0%303257,900222,500-11.7%245,00015149,0002378,300 
    1    4    7
Lake Oswego/West Linn
1,066279142171113.8%101502,8001471,14143384.3%300461,200383,000-8.1%2370,00010258,700-- 
    1    4    8
W Portland
1,84759925031270.5%198386,9001552,18685559.8%591406,900335,000-11.4%1449,0007227,8007725,800 
    1    4    9
NW Wash Co.
5712188313243.5%101345,70013478640242.6%301358,600343,000-7.6%135,0006175,7001225,000 
    1    5    0
Beaverton/Aloha
1,13142914029771.7%191256,7001271,64483054.3%578241,000220,000-10.0%3219,0006368,40010201,700 
    1    5    1
Tigard/Wilsonville
1,16438018626193.3%147289,4001611,45368951.8%472306,000281,300-8.2%1245,00012166,8009266,100 
    1    5    2
Hillsboro/Forest Grove
92527812220343.0%146222,3001351,16560329.7%413239,000215,500-9.7%1510,00017127,3006158,700 
    1    5    3
Mt. Hood
16627815114.3%10233,1001431163872.7%33221,600216,600-7.4%--589,700-- 
    1    5    5
Columbia Co.
565111446433.3%41181,20015348718130.2%136185,500185,000-12.5%1214,0005155,5001155,000 
    1    5    6
 Yamhill Co.
91419010812453.1%79247,90019376937743.9%253217,300193,000-13.6%3138,70014113,2002127,500 
    1    6    8  -    1    7    8
Marion/PolkCounties
1,26524012812751.2%65201,20020399234841.5%236215,200194,000-10.9%2157,50010130,7006413,800 
    1    8    0  -    1    9    5
North CoastalCounties
1,528213107706.1%71277,50013295628751.9%237280,900214,000-14.4%5296,20029154,9003190,200 
 Year-To-DateCOMMERCIAL LAND MULTIFAMILYRESIDENTIAL Year-To-Date Year-To-DateCurrent Month Year-To-Date
 
3
© Copyright RMLS
2010. All Rights Reserved.
NEW LISTINGS
PORTLAND, OR
 This graph shows thenew residential listingsover the past threecalendar years in thegreater Portland, Oregonmetropolitan area.
 TOTAL ACTIVELISTINGS
PORTLAND, OR
 This graph shows thetotal active listings overthe past three calendaryears in the greaterPortland, Oregonmetropolitan area.
ACTIVERESIDENTIALLISTINGS
PORTLAND, OR
 This graph shows the activeresidential listings over thepast three calendar yearsin the greater Portland,Oregon metropolitan area.
400060008000100001200014000160001800020000
Active Residential Listings
2008 2009 2010
5000750010000125001500017500200002250025000
Total Active Listings
Total Active Listings 2008Total Active Listings 2009Total Active Listings 2010
01,0002,0003,0004,0005,0006,000
New Listings
2008 2009 2010

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