Market Trend Spotlight – Portland, OR Zip Code 97229

Here’s a summary of the market trends in Portland’s 97229 zip code, which includes the communities of Cedar Mill, Northwest Heights, Rock Creek and Bethany. Average price has increased 2.48% from November 2010 to November 2011. If you would like to see current real estate activity and market trends in your area, please click here and register for Market Tracker. Simply enter your name, email address and zip code — your information will remain private and only be used for the purpose of sending you this automated report.

97229


Portland Metro Market Stats – November 2011

The latest RMLS Market Action report for the greater Portland Metro area shows a slight increase in sales price when comparing November 2011 to the prior month. Average price rose to $259,400 and median price increased 3.3% to $225,000. Closed sales were up 18.9% when comparing November 2011 to November 2010. Looking at January – November 2011 and the same period last year, closed sales are up 3.4% and pending sales are up by 5.3%. Inventory currently stands at 6.2 months, the lowest in the last three years and four months lower than at this time last year. With mortgage rates at historic lows, this is a great time to buy a home.

Portland Metro Market Action Nov 2011

 


Southwest Washington Market Stats – November 2011

The latest RMLS Market Action report shows sales are up 17.2% in Clark County when comparing November 2011 to November 2010, and prices are down 7.2%. From October to November of this year, average and median sales prices increased  by 8.2% and 5%, respectively. (The median price is the price that falls in the middle of the total number of homes sold.) Inventory level stands at 8, meaning it would take 8 months to sell all the current listings at the current sales pace if no new listings became available. Six months of inventory is considered a balanced market.

SW Washington Market Action Nov 2011

 


Market Trend Spotlight – Vancouver, WA Zip Code 98664

Here’s a summary of the market trends in Vancouver’s 98664 zip code, which includes the Vancouver Heights, Marrion, and Ellsworth Springs neighborhoods. If you would like to see current real estate activity and trends in your area, please click the MARKET TRACKER graphic to the right of this image.

Vancouver 98664

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Southwest Washington Market Stats – October 2011

The latest RMLS Market Action report for Clark County, Washington shows some improvements when comparing the period January – October of 2011 with the same time period last year. Closed sales increased 2.8% and pending sales rose 7.4%; however, new listings dropped over 10%. When comparing the month of October 2011 with September 2011, closed sales fell 9.5% and pending sales increased nearly 6%.


Portland Metro Market Stats – October 2011

RMLS has released the latest Market Action report for the greater Portland Metro area, and much like last month, the news is mixed. Comparing the period January – October of 2011 with the same time period in 2010 shows closed and pending sales are both up … 2.1% in closed and 4.5% in pending sales. When comparing October 2011 with September of this year, closed sales fell 7.1%, pending sales increased slightly and average price fell to $258,700, a drop of 3.5%.


Southwest Washington Market Stats – September 2111

The latest RMLS Market Action report for Clark County, Washington shows an increase in average sale price of 5.6% from August to September of 2011, with the average price at $218,700. Closed sales fell 6.8% and new listings decreased 11.9%. Comparing the third quarter of 2011 with the same period in 2010, closed sales rose by 34.9%, pending sales were up 33% and new listings were down 10.4%. Based on September’s rate of sales, the 2,995 active listings would last about 6.8 months. The average time on market stands at 138 days, which is about the same as this time last year.

In Cowlitz County, 39 new listings hit the market in September and the average sale price came in at $165,900, with an average market time of 133 days.

SW Washington Market Action Sept 2011


Portland Metro Market Stats – September 2011

RMLS has released the latest Market Action report for the greater Portland Metro area. The news is mixed… comparing the third quarter of 2011 with that of 2010, closed sales were up by 21.5%, pending sales increased by 21.6% and new listings fell by 27.6%. Average sales price dropped from $271,800 to $268,200 (down 1.3%) while median sales price increased from $225,000 to $230,800 (up 2.6%). Inventory stands at 6.7 months, which is up slightly from August, but remains much lower than the numbers in 2009 and 2010. Six months of inventory is considered a balanced market. With interest rates around 4%, it’s a great time to buy property.

Portland Metro Market Stats Sept 2011


Market Trend Spotlight – Lake Oswego, zip code 97035

Here’s a summary of the market trends in Lake Oswego’s 97035 zip code. If you would like to see current real estate activity & trends in your area, please click the MARKET TRACKER graphic to the right of this screen.

Market Tracker Spotlight 97035 Lake Oswego

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August 2011 Existing-Home Sales Rise Despite Headwinds

Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of REALTORS®. Monthly gains were seen in all regions.

Existing-home sales in the West jumped 18.3 percent to an annual pace of 1.23 million in August and are 20.6 percent higher than August 2010. The median price in the West was $189,400, down 13.0 percent from a year ago.

Lawrence Yun, NAR chief economist, says there are some positive market fundamentals. “Some of the improvement in August may result from sales that were delayed in preceding months, but favorable affordability conditions and rising rents are underlying motivations,” he notes. “Investors were more active in absorbing foreclosed properties. In additional to bargain hunting, some investors are in the market to hedge against higher inflation.”

To read the full article from the National Association of Realtors®, CLICK HERE.


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