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Portland Metro Market Action Real Estate Report, November 2009

Portland Metro Market Action Real Estate Report, November 2009

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This months Portland Metro Market Action Report for November 2009 - If you're looking for Sherwood Oregon Real Estate Trends, it's grouped in this report under 151 - for a closer look at your "local" market, request a CMA at www.SherwoodHouseValues.com or contact Jason H. Gardner at 971.832.1234

As always you can find more real estate information on our blog at www.DiscoverSherwood.com and on our website at www.TheGardnerTeam.net under "Today's Market"

We're here for all your questions and real estate needs - we look forward to being of help!
This months Portland Metro Market Action Report for November 2009 - If you're looking for Sherwood Oregon Real Estate Trends, it's grouped in this report under 151 - for a closer look at your "local" market, request a CMA at www.SherwoodHouseValues.com or contact Jason H. Gardner at 971.832.1234

As always you can find more real estate information on our blog at www.DiscoverSherwood.com and on our website at www.TheGardnerTeam.net under "Today's Market"

We're here for all your questions and real estate needs - we look forward to being of help!

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Published by: Jason and Amber Gardner - Gardner Team on Dec 20, 2009
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A Publication of RMLS


, The Source for Real Estate Statistics in Your Community
© Copyright RMLS™ 2009. All Rights Reserved.
Residential Review: Metro Portland, Oregon November 2009 Reporting Period
November Residential Highlights
In the Portland metro area this
November, sales activity increased
compared to the same month in
2008.
Closed sales were up 72.4%
compared to November 2008 and
pending sales rose 19.9%. New
listings dropped 7%.
The 72.4% same-month increase
i n closed sales i s t he largest
percentage increase on record for
the area. The previous high was
56.9% in December 1996.
On the other hand, compared to
October 2009, closed sales decreased
10.7% (1,795 v. 2,009) and pending
sales dropped 36.1% (1,328 v. 2,079).
New listings also fell 27.4% (2,449
v. 3,443).
At the month’s rate of sales,
it would take approximately 7.1
months to sell the 12,697 active
residential listings.
Year-to-Date
Comparing January-November
2009 with the same period i n
2008, pending sales were up 2.6%.
Closed sales were behi nd last
year’s total by 4.1%. New listings
decreased 19.9%. See residential
highlights table below.
Sale Prices
The average sale price for
November 2009 was down 11.4%
compared to November 2008, while
the median sale price declined
9.8%. See residential highlights
table below.
Month-to-month, the average
and median sale price were down
when compared with October
level s; t he average sale price
was down 3. 6% ( $273, 300 v.
$283, 500) and the median sale
price decreased 2.5% ($239,000 v.
$245,000).
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
November
2,499 1,328 1,795 273,300 239,000 131
Year-to-date
42,104 18,919 17,349 289,800 247,500 141
November
2,687 1,108 1,041 308,300 265,000 135
Year-to-date
52,546 18,446 18,084 332,000 280,000 122
November
-7.0% 19.9% 72.4% -11.4% -9.8% -2.7%
Year-to-date
-19.9% 2.6% -4.1% -12.7% -11.6% 15.9%
2
0
0
9
2
0
0
8
C
h
a
n
g
e
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.
Inventory in Months*
2007 2008 2009
January 6.2 12.8 19.2
February 5.2 10.4 16.6
March 3.8 9.1 12
April 4.4 10.3 11
May 4.5 9.2 10.2
June 5 9.5 8.2
July 5.7 10 7.3
August 6.2 9.9 7.8
September 8.6 10.4 7.6
October 8.4 11.1 6.5
November 8.3 15 7.1
December 8.5 14.1
Percent Change of 12-Month Sale Price
Compared With The Previous 12 Months
Average Sale Price % Change:
-12.9% ($290,300 v. $333,300)
Median Sale Price % Change:
-11.1% ($248,000 v. $279,000)
*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 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.

For further explanation of this measure, see
the second footnote on page 2.
2
© Copyright RMLS

2009. All Rights Reserved.
AREA REPORT • 11/2009
Metro Portland & Adjacent Regions, Oregon
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4
1
N Portland 443 137 73 46 -22.0% 77 241,100 80 1,899 924 -2.0% 858 235,600 230,000 -10.8% 4 194,200 14 112,500 22 258,700
1
4
2
NE Portland 954 229 142 122 5.2% 204 271,300 102 4,001 1,958 3.1% 1,833 286,600 253,000 -10.6% 25 312,500 30 145,300 46 375,400
1
4
3
SE Porltand 1,297 318 231 189 19.6% 259 227,400 106 5,331 2,681 5.4% 2,471 241,500 215,000 -12.2% 23 348,800 52 118,300 95 397,600
1
4
4
Gresham/
Troutdale 899 170 156 81 28.6% 104 217,600 140 2,826 1,230 8.8% 1,112 221,700 210,000 -15.9% 9 492,500 28 93,600 13 286,300
1
4
5
Milwaukie/
Clackamas 905 195 140 111 19.4% 119 277,800 157 3,017 1,413 5.4% 1,283 286,000 260,000 -11.0% 9 413,300 34 161,100 7 252,100
1
4
6
Oregon City/
Canby 730 137 124 76 31.0% 96 281,000 153 2,226 900 11.0% 803 281,900 248,900 -10.9% 5 261,000 43 205,200 11 220,300
1
4
7
Lake Oswego/
West Linn 912 147 155 75 56.3% 74 419,300 168 2,645 918 10.9% 827 481,700 391,500 -12.9% 4 296,800 26 263,800 2 523,000
1
4
8
W Portland 1,630 251 235 156 22.8% 175 382,400 167 4,968 1,890 -10.5% 1,710 422,700 347,100 -12.6% 4 461,500 40 167,500 14 471,500
1
4
9
NW Wash Co. 538 109 72 55 52.8% 91 359,100 126 1,739 847 -6.4% 808 370,800 350,000 -8.2% - - 18 213,900 6 260,600
1
5
0
Beaverton/
Aloha 963 219 161 121 6.1% 201 242,500 103 3,805 1,924 8.8% 1,785 241,200 224,000 -11.2% 6 233,700 16 132,500 14 399,600
1
5
1
Tigard/
Wilsonville 1,047 175 124 117 33.0% 140 301,700 156 3,600 1,525 0.5% 1,399 316,300 285,000 -10.8% 2 62,500 35 216,500 6 715,600
1
5
2
Hillsboro/
Forest Grove 865 191 118 81 19.1% 131 221,900 143 2,732 1,344 7.2% 1,233 244,200 225,000 -13.4% 10 280,000 32 95,300 17 248,800
1
5
3
Mt. Hood 139 14 16 14 55.6% 14 192,400 131 312 105 -3.7% 91 252,600 220,000 0.2% - - 4 47,700 - -
1
5
5
Columbia Co. 484 78 57 30 20.0% 48 191,900 180 1,050 452 0.4% 408 196,000 187,000 -12.7% 7 422,100 34 129,700 6 216,400
1
5
6
Yamhill Co.
891 129 106 54 17.4% 62 201,200 138 1,953 808 -2.9% 728 228,400 207,700 -15.1% 9 404,600 35 293,800 18 231,700
Grand Total 12,697 2,499 1,910 1,328 -31.2% 1,795 273,300 131 42,104 18,919 -18.1% 17,349 289,800 247,500 -12.9% 117 441 167,900 277 351,800
1
6
8
-
1
7
8
Marion/Polk
Counties
1,098 107 113 53 3.9% 95 192,000 135 2,341 899 6.9% 799 205,100 185,000 -13.6% 7 404,900 22 178,100 10 260,200
1
8
0
-
1
9
5
North Coastal
Counties
1,373 108 200 55 31.0% 56 263,500 126 2,393 678 6.1% 595 295,100 245,000 -16.4% 6 307,000 81 127,000 5 1,282,000
Year-To-Date
COMMERCIAL LAND MULTIFAMILY RESIDENTIAL
Year-To-Date Year-To-Date Current Month Year-To-Date
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares November 2009 with November 2008. The Year-
To-Date section compares year-to-date statistics from November 2009 with year-to-date statistics from November 2008.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (12/1/08-11/30/09) with 12 months before (12/1/07-11/30/08).
3
As of October 2007, the way that New Listing data is generated has changed to ensure accuracy.
4
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 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
3
© Copyright RMLS

2009. All Rights Reserved.
4000
6000
8000
10000
12000
14000
16000
18000
20000
Active Residential Listings
2007 2008 2009
5000
7500
10000
12500
15000
17500
20000
22500
25000
Total Active Listings
Total Active Listings 2007 Total Active Listings 2008 Total Active Listings 2009
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
New Listings
2007 2008 2009
NEW LISTINGS
PORTLAND, OR
This graph shows the
new residential listings
over the past three
calendar years in the
greater Portland, Oregon
metropolitan area.
TOTAL ACTIVE
LISTINGS
PORTLAND, 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.
© Copyright RMLS

2009. All Rights Reserved.
4
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Pending Sales
2007 2008 2009
0
500
1,000
1,500
2,000
2,500
3,000
Closed Sales
2007 2008 2009
0
20
40
60
80
100
120
140
160
180
Average Market Time
2007 2008
2008 TMT 2009 TMT
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
three 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.
*As of August 2008, graph
now reports “Total Days
on Market” - for details
read footnotes on page 2.
DAYS ON MARKET
PORTLAND, OR
© Copyright RMLS

2009. All Rights Reserved.
5
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
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Average Sale Price
100000
120000
140000
160000
180000
200000
220000
240000
260000
280000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
Median Sale Price: Portland, OR & Clark Co., WA
Clark County Metro Portland, OR
This graph represents the average sale price for all homes sold in the Portland,
Oregon metropolitan area.
AVERAGE SALE
PRICE
PORTLAND, OR
This graph shows the
median sale price over
the past 12 months in the
greater Portland, Oregon
metropolitan area and
Clark County,
Washington.
MEDIAN SALE
PRICE
PORTLAND, OR
$189,000
Yamhill County
$245,000
N Portland
$249,700
NE
Portland
$202,500
SE
Portland
$210,000
Gresham
Troutdale
Sandy
Corbett
Fairview
$178,500
Mt. Hood:
Zigzag
Welches
Rhododendron
Wemme
Brightwood
Government Camp
$258,000
Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$244,500
Oregon City
Canby
Molalla
Beavercreek
$357,500
Lake Oswego
West
Linn
$299,000
West
Portland
$349,900
North Washington County
Sauvie Island
$220,000
Beaverton
Aloha
$275,000
Tigard/Tualatin
Sherwood
Wilsonville
$215,000
Hillsboro
Forest Grove
$190,400
Columbia County
$182,500
Heights
$141,000
Cent. Vancouver
$187,400
Cascade Park
$185,100
5 Corners
Orch.
$191,300
Hazel
Dell
Minnehaha
$224,800
Felida
$215,800
Salmon Creek
$243,000
Camas/Washougal
$263,000
Brush Prairie
Hockinson
$247,500
Ridgefield/La Center
$210,000
Battle Ground
$331,000
N/NE Clark County
$219,500
Woodland
MEDIAN SALE PRICE
November 2009
PORTLAND
METRO
6
© Copyright RMLS

2009. All Rights Reserved.
SW
WASHINGTON
MULTIPLE LISTING SERVICE
The statistics presented in Market
Action are compiled monthly based on
figures generated by RMLS

.
Statistics reflect reported activity for
the greater Portland, Oregon metropolitan
area, to include Multnomah, Washington,
Clackamas, Yamhill, & Columbia counties;
Lane, Douglas, Coos & Curry Counties in
Oregon; portions of other Oregon Counties;
and Clark, Cowlitz & Pacific Counties in
Washington.
RMLS

was formed by area Boards and
Associations of REALTORS
®
in 1991.
E-mail subscriptions are available for
$45 per year by contacting RMLS

, (503)
236-7657. Reproduction of any portion of
this copyrighted material is prohibited
without prior approval of RMLS

.
Gary Taylor, Chairman of the Board
Beth Murphy, President
Kurt von Wasmuth, Senior Vice President
Natalie Middleton, Editor
Joel Weiler, Assistant Editor
© Copyright RMLS

2009. All Rights Reserved.
Lane County: Florence
PO Box 414
Florence, OR 97439
(541) 902-2560
Fax: (541) 902-1341
Curry County
PO Box 6307
Brookings, OR 97415
(541) 469-0219
Fax: (541) 469-9695
Lane County: Eugene
2139 Centennial Plaza
Eugene, OR 97401
(541) 686-2885
Fax: (541) 484-3854
Southwest Washington
1514 Broadway, Suite 101
Vancouver, WA 98663
(360) 696-0718
Fax: (360) 696-9342
Douglas County Oregon
3510 NE Edenbower
Roseburg, OR 97470
(541) 673-3571
Fax: (541) 673-6581
Corporate
825 NE Multnomah, Suite 270
Portland, OR 97232
(503) 236-7657
Fax: (503) 230-0689
Mid-Columbia
PO Box 1088
Hood River, OR 97031
(541) 436-2956
Fax: (541) 387-6657
Eastern Oregon
PO Box 751
Hermiston, OR 97838
(541) 567-5186
Fax: (541) 289-7320
Coos County
1946 Sherman Ave., Suite 101
North Bend, OR 97459
(541) 751-1070
Fax: (541) 751-1083
Salem
2110 Mission St. SE, Suite 305
Salem, OR 97302
(503) 587-8810
Fax: (503) 585-3817
0
500
1,000
1,500
2,000
2,500
3,000
Active & Closed Condos
Active Listings Closed Sales
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
This graph shows the number of active and closed
condos in the Portland, Oregon metropolitan area.
$150,000
$175,000
$200,000
$225,000
$250,000
Median Condo Sale Price
2009 2008 2007

ACTIVE &
CLOSED CONDOS
PORTLAND, OR

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