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A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
Residential Review: Metro Portland, Oregon September 2010 Reporting Period
September Residential Highlights Sale Prices
Inventory in Months*
Comparing September 2010 T he average sa le pr ice for
2008 2009 2010
to September 2009, closed sales September 2010 declined 5.5%
compared to September 2009. The January 12.8 19.2 12.6
decreased by 24%. Pending sales and median sale price also fell 4%. February 10.4 16.6 12.9
new listings also fell by 26.5% and March 9.1 12 7.8
On a month-to-month basis, April 10.3 11 7.3
6.1%, respectively. See residential comparing September 2010 to
highlights table below. May 9.2 10.2 7
August 2010, the average sale June 9.5 8.2 7.3
A comparison of September 2010 price went down 6.5% ($279,900
July 10 7.3 10.8
with the previous month, August v. $299,300) and the median sale
August 9.9 7.8 11
price also dropped 4% ($240,000
2010, shows closed sales increased v. $250,000). September 10.4 7.6 10.5
by 1.3% (1,399 v. 1,381). However, October 11.1 6.5
Third Quarter Report November 15 7.1
pending sales dropped by 6.2%
(1,584 v. 1,688), and new listings fell In a comparison of the third December 14.1 7.7
quarter of 2010 to the same quarter *Inventory in Months is calculated by dividing
by 7.3% (3,549 v. 3,829).
of 2009, closed sales dropped 24.7% the Active Listings at the end of the month in
At the month’s rate of sales, the (4,340 v. 5,762) and pending sales question by the number of closed sales for
14,714 active residential listings also fell 26.5% (4,725 v. 6,428). that month.

would last approximately 10.5 However, new listings increased by


Percent Change of 12-Month Sale Price
months. 1.2% (11,582 v. 11,448). Compared With The Previous 12 Months

Average Sale Price % Change:


-4.5% ($283,400 v. $296,900)
Median Sale Price % Change:
-4.0% ($240,000 v. $250,000)
For further explanation of this measure, see
the second footnote on page 2.

Portland Metro
Total
Residential
New Pending Closed Average Median Market
Highlights Listings Sales Sales Sale Price Sale Price Time

September 3,549 1,584 1,399 279,900 240,000 131


2010

Year-to-date 37,795 15,681 14,675 284,000 240,000 130


September 3,780 2,156 1,841 296,300 249,900 135
2009

Year-to-date 32,116 13,699 11,493 294,100 250,000 146


Change

September -6.1% -26.5% -24.0% -5.5% -4.0% -2.6%


Year-to-date 17.7% 14.5% 27.7% -3.4% -4.0% -10.8%
*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.

© Copyright RMLS™ 2010. All Rights Reserved.


AREA REPORT • 9/2010
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Metro Portland & Adjacent Regions, Oregon


RESIDENTIAL COMMERCIAL LAND MULTIFAMILY

Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date

1
Pending Sales 2010 v. 2009

Pending Sales 2010 v. 2009

2
Expired/Canceled Listings

Avg. Sale Price % Change


Pending Sales 2010

Pending Sales 2010


3
Average Sale Price

Average Sale Price

Average Sale Price

Average Sale Price

Average Sale Price


Total Market Time

Median Sale Price


Active Listings

Closed Sales

Closed Sales

Closed Sales

Closed Sales

Closed Sales
New Listings

New Listings
141

N Portland 582 196 127 72 -29.4% 50 218,000 92 1,649 655 -15.7% 598 230,600 225,000 -1.9% 6 240,800 22 79,100 14 293,400
142

NE Portland 1,135 330 265 167 -35.8% 134 275,500 104 3,641 1,629 -0.5% 1,530 285,000 249,000 -1.6% 16 394,100 25 97,500 37 388,600
143

SE Portland 1,514 460 339 211 -37.4% 177 246,300 106 4,591 2,053 -7.7% 1,949 239,100 210,000 -4.6% 22 335,900 33 179,100 64 446,300

Gresham/
144

Troutdale 1,066 254 173 122 -23.3% 101 204,900 116 2,568 1,040 -0.1% 965 214,000 202,500 -5.0% 6 257,100 38 96,500 21 248,600
Milwaukie/
145

Clackamas 1,151 312 200 125 -16.1% 82 263,600 160 2,843 1,163 -2.8% 1,063 263,000 242,000 -6.8% 2 123,900 53 104,700 9 198,600
Oregon City/
146

Canby 866 192 161 86 -30.1% 76 248,700 124 1,965 765 2.4% 726 257,800 230,000 -8.4% 11 230,500 29 133,500 6 349,600
Lake Oswego/
147

West Linn 1,025 180 192 84 -24.3% 71 432,200 186 2,408 865 15.2% 809 440,200 387,900 -9.3% 4 378,800 30 239,600 2 417,500
148

W Portland 1,848 412 322 159 -25.7% 153 435,400 178 4,582 1,740 13.1% 1,630 410,300 342,800 -6.5% 3 556,300 27 198,000 16 540,700
149

NW Wash Co. 635 166 126 88 -2.2% 76 332,800 86 1,732 788 7.5% 745 367,800 335,000 -4.7% 3 168,000 14 311,900 3 268,700

Beaverton/
150

Aloha 1,251 321 243 114 -52.3% 122 240,000 107 3,482 1,436 -10.8% 1,364 243,700 219,900 -1.7% 5 221,800 14 400,900 26 252,600

Tigard/
151

Wilsonville 1,187 267 224 123 -33.5% 129 311,800 158 3,060 1,301 1.9% 1,222 305,000 279,900 -5.7% 3 201,700 25 271,500 18 242,900
Hillsboro/
152

Forest Grove 873 218 186 105 -27.1% 105 209,100 112 2,359 1,114 -2.6% 1,036 228,400 209,300 -7.8% 5 200,000 30 365,600 19 169,900
153

Mt. Hood 149 23 32 13 30.0% 9 169,800 93 268 78 0.0% 72 200,000 181,300 -7.3% - - 9 110,700 - -
155

Columbia Co. 553 80 83 36 -37.9% 29 172,300 146 1,021 356 -6.3% 336 185,400 180,000 -11.1% 3 212,700 13 117,700 4 223,300
156

Yamhill Co. 879 138 132 79 -24.8% 85 215,500 172 1,626 698 -0.4% 630 218,000 191,700 -7.3% 8 204,900 24 139,600 8 201,800
168-178

Marion/Polk
Counties 1,167 156 203 58 -54.3% 61 217,100 151 2,019 671 -10.2% 628 201,500 176,900 -6.2% 9 285,300 54 77,000 12 299,800
180-195

North Coastal
200

Counties 1,700 162 231 70 0.0% 80 284,000 147 2,217 635 16.3% 583 279,700 225,000 -3.2% 15 547,500 85 163,900 11 231,900

1
Percent change in number of pending sales this year compared to last year. The Current Month section compares September 2010 with September 2009. The
Year-To-Date section compares year-to-date statistics from September 2010 with year-to-date statistics from September 2009.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (10/1/09-9/30/10) with 12 months before (10/1/08-9/30/09).
3
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.

2
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ACTIVE
Active Residential Listings
RESIDENTIAL
20000 LISTINGS
18000 PORTLAND, OR
16000
This graph shows the active
14000
12000 residential listings over the
10000
8000
past three calendar years
6000 in the greater Portland,
4000
Oregon metropolitan area.

2008 2009 2010

TOTAL ACTIVE
Total Active Listings
LISTINGS
PORTLAND, OR 25000
22500
This graph shows the 20000

total active listings over 17500


15000
the past three calendar 12500
10000
years in the greater
7500
Portland, Oregon 5000

metropolitan area.

Total Active Listings 2008 Total Active Listings 2009 Total Active Listings 2010

NEW LISTINGS
New Listings
PORTLAND, OR
6,000 This graph shows the
5,000
new residential listings
4,000
over the past three
3,000

2,000
calendar years in the
1,000 greater Portland, Oregon
0 metropolitan area.

2008 2009 2010

3
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PENDING SERVICE!
LISTINGS
Pending Sales
PORTLAND, OR

3,500
This graph represents
3,000 monthly accepted offers
2,500
in the Portland, Oregon
2,000
1,500 metropolitan area over
1,000 the past three calendar
500
years.
0

2008 2009 2010

CLOSED SALES
Closed Sales
PORTLAND, OR
This graph shows the 2,500

closed sales over the past 2,000

three calendar years in 1,500

the greater Portland, 1,000

Oregon metropolitan 500

area. 0

2008 2009 2010

Average Market Time DAYS ON MARKET


180
PORTLAND, OR
160 This graph shows the
140
120 average market time for
100
80 sales in the Portland,
60
40
Oregon metropolitan area.
20 *As of August 2008, graph
0
now reports “Total Days
on Market” - for details
2008
2009 TMT
2008 TMT
2010 TMT
read footnotes on page 2.

4
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AVERAGE SALE This graph represents the average sale price for all homes sold in the Portland,
PRICE Oregon metropolitan area.
PORTLAND, OR

Average Sale Price

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000
Mar-01

Mar-02

Mar-03

Mar-04

Mar-05

Mar-06

Mar-07

Mar-08

Mar-09

Mar-10
Sep-00

Sep-01

Sep-02

Sep-03

Sep-04

Sep-05

Sep-06

Sep-07

Sep-08

Sep-09

Sep-10
Median Sale Price: Portland, OR & Clark Co., WA MEDIAN SALE
PRICE
260000
PORTLAND, OR
240000
This graph shows the
220000
200000
median sale price over
180000 the past 12 months in the
160000 greater Portland, Oregon
140000
metropolitan area and
120000
Clark County.
100000
SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT

Clark County Metro Portland, OR

5
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MEDIAN SALE PRICE
September 2010 SW
WASHINGTON

$227,000 $175,000

Woodland N/NE Clark County

$215,000
PORTLAND $245,000 Battle Ground
Ridgefield/La Center

METRO $152,000
Columbia County
$255,000 $305,000
Salmon Creek
Brush Prairie
$235,500 Hockinson
Felida
$174,800
$292,500 Hazel $185,500
Dell 5 Corners
Minnehaha Orch.
North Washington County
$135,000 $180,500
Sauvie Island
Cent. Vancouver Cascade Park
$173,500
Heights
$216,500
$310,000
N Portland
Camas/Washougal
$249,400
NE
$200,000 Portland
$355,000
Hillsboro West $198,000
$212,000 Gresham
Forest Grove Portland
$220,000 SE Troutdale
Portland Sandy
Beaverton
Corbett
Aloha $240,000 Fairview $185,000
Milwaukie/Gladstone/
Mt. Hood:
Boring/Clackamas
Zigzag
Estacada
$285,000 $405,000 Welches
Rhododendron
Tigard/Tualatin
Wemme
Sherwood Lake Oswego Brightwood
Wilsonville West Government Camp
Linn
$181,000
Yamhill County $232,500
Oregon City
Canby
Molalla
Beavercreek

6
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MULTIPLE LISTING SERVICE

MEDIAN SALE This graph represents the median sale price for all
Corporate
825 NE Multnomah, Suite 270 PRICE CONDOS condos sold in the last three calendar years in the
Portland, OR 97232
(503) 236-7657 PORTLAND, OR
Fax: (503) 230-0689 Portland, Oregon metropolitan area.
Southwest Washington
1514 Broadway, Suite 101
Vancouver, WA 98663 Median Condo Sale Price
(360) 696-0718
Fax: (360) 696-9342
$250,000
Salem
2110 Mission St. SE, Suite 305
Salem, OR 97302 $225,000
(503) 587-8810
Fax: (503) 585-3817
Lane County: Eugene $200,000
2139 Centennial Plaza
Eugene, OR 97401
$175,000
(541) 686-2885
Fax: (541) 484-3854
Lane County: Florence $150,000
PO Box 414
Florence, OR 97439
(541) 902-2560
Fax: (541) 902-1341
Douglas County 2008 2009 2010
3510 NE Edenbower
Roseburg, OR 97470
(541) 673-3571
Fax: (541) 673-6581 This graph shows the number of closed sales by
Curry County
QUARTERLY
PO Box 6307 CLOSINGS quarter for the Portland, Oregon metropolitan area.
Brookings, OR 97415
(541) 469-0219
PORTLAND, OR
Fax: (541) 469-9695
Mid-Columbia
PO Box 1088
Hood River, OR 97031
(541) 436-2956 Quarterly Closings
Fax: (541) 387-6657
Eastern Oregon 12000
PO Box 751
Hermiston, OR 97838
(541) 567-5186 10000
Fax: (541) 289-7320
Coos County 8000
1946 Sherman Ave., Suite 101
North Bend, OR 97459 6000
(541) 751-1070
Fax: (541) 751-1083
4000

The statistics presented in Market 2000


Action are compiled monthly based on
figures generated by RMLS™.
0
Statistics reflect reported activity for
the greater Portland, Oregon metropolitan '01 '02 '03 '04 '05 '06 '07 '08 '09 10
area, to include Multnomah, Washington,
Clackamas, Yamhill, & Columbia counties; 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
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.
Gary Whiting, Chairman of the Board
E-mail subscriptions are available for
$45 per year by contacting RMLS™, (503) Kurt von Wasmuth, President/CEO
236-7657. Reproduction of any portion of Kelsey Brunson, Editor
this copyrighted material is prohibited
without prior approval of RMLS™.
Danny Gottleib, Assistant Editor

© Copyright RMLS™ 2010. All Rights Reserved.