april 2013 market action report for portland metro oregon home value

7/30/2019 April 2013 Market Action Report for Portland Metro Oregon Home Value

1/7

A Publication of RMLS, The Source for Real Estate Statistics in Your Community

Copyright RMLS 2013. All Rights Reserved.

Residential Review: Metro Portland, Oregon April 2013 Reporting Period

April Highlights

Portland is abuzz with realestate activity this spring. Newlistings continued to riseat 3,623,the number of new listings for themonth was the greatest in any onemonth since August 2010. This alsorepresented a 20.7% increase over

Marchs 3,002 new listings.The increase in new listings

helped inventory stabilize: thenumber currently sits at 3.1 months.Average time on market currentlystands at 91 daysthe last timemarket time was that low was July2008.

Accepted offers increased thismonth to 2,942, an 11.9% increaseover March (2,628) and 24.4%

increase over April 2012 (2,365).Closed sales are up as well,

with Aprils 2,125 posted salesrepresenting a 9.8% increase over

March and 16.6% increase over April2012.

Year to Date Summary

The Portland metro real estatemarket continues to have a strongyear. There have been 9,314 acceptedoffers and 7,039 closed sales in 2013,up 16.4% from 8,000 pendings and

12.9% from 6,236 closed sales in thesame period last year. The 11,678new listings this year represent a4.4% increase from the 11,182 en-tered by this time last year.

Average and Median Sale Prices

The average sales price so far thisyear was $293,600, up 15.3% fromthe same period in 2012, when theaverage was $254,600. In the samecomparison, the median increased15.6% from $216,200 last year to$250,000 in the first four monthsof 2013.

New

Listings

Pending

Sales

Closed

Sales

Average

Sale Price

Median

Sale Price

Total

Market

Time

Apri l 3,623 2,942 2,125 302,600 257,000 91

March 3,002 2,628 1,935 299,000 250,000 112

Year-to-date 11,678 9,314 7,039 293,600 250,000 107

Apri l 3,038 2,365 1,822 262,400 225,000 123

Year-to-date 11,182 8,000 6,236 254,600 216,200 132

Apri l 19.3% 24.4% 16.6% 15.3% 14.2% -26.5%

Prev Mo 2013 20.7% 11.9% 9.8% 1.2% 2.8% -18.8%

Year-to-date 4.4% 16.4% 12.9% 15.3% 15.6% -19.1%

201

3

2012

Change

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. This

includes proposed and under construction homes.

Inventory in Months*2011 2012 2013

January 11.3 7.0 4.7February 10.9 6.5 4.5March 7.1 5.0 3.2Apr il 7.2 4.7 3.1May 6.8 4.2June 6.0 3.9July 7.0 4.6

August 6.2 3.9September 6.7 4.6October 6.8 3.8November 6.2 4.2December 5.3 3.6

Percent Change of 12-Month Sale Price

Compared With The Previous 12 Months

Average Sale Pri ce % Change:

+9.1% ($285,700 v. $261,900)

Median Sale Price % Change:

+10.9% ($244,000 v. $220,000)

For further explanation of this measure, see the

second footnote on page 2.

urtesy of your Realtor, Andrew Beach, at Prudential NW Properties www.Listed2Sold.co
http://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworthhttp://www.listed2sold.com/?p=homeworth


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2Copyright RMLS 2013. All Rights Reserved.

AREA REPORT 4/2013Portland Metropolitan Area, Oregon

1 Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2013 with April 2012. The Year-To-

Date section compares 2013 year-to-date statistics through April with 2012 year-to-date statistics through April.2 % Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/12-4/30/13) with 12 months before (5/1/11-4/30/12).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 31days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.

Ac

tive

Listings

New

Listings

Exp

ire

d/Cance

ledListings

Pen

ding

Sa

les

Pen

ding

Sa

les

2013v.

20121

Close

dSa

les

Average

Sa

lePrice

To

talMarke

tTime

3

New

Listings

Pen

ding

Sa

les

Pen

ding

Sa

les

2013v.

20121

Close

dSa

les

Average

Sa

lePrice

Me

dian

Sa

lePrice

Avg.

Sa

lePrice

%Change

2

Close

dSa

les

Average

Sa

lePrice

Close

dSa

les

Average

Sa

lePrice

Close

dSa

les

Average

Sa

lePrice

141

N Portland 259 177 15 136 19.3% 104 244,500 53 512 413 15.0% 317 243,100 232,000 6.8% 2 362,500 17 91,300 10 366,400

142

NE Portland 470 395 56 308 34.5% 219 330,500 54 1,178 918 16.6% 719 317,400 273,000 12.0% 8 254,000 16 175,600 28 383,100

143

SE Portland 586 426 68 335 18.0% 222 285,300 48 1,312 1,061 8.7% 841 251,400 219,900 12.7% 8 349,900 19 114,500 51 368,300

144 Gresham/

Troutdale 458 183 38 158 14.5% 118 202,400 90 691 508 4.7% 396 212,300 198,800 5.1% 3 140,000 23 136,500 16 253,900

145 Milwaukie/

Clackamas 569 296 54 265 40.2% 158 255,000 112 995 786 15.4% 572 257,400 238,000 6.0% 1 135,000 38 121,700 6 626,200

146 Oregon City/

Canby 449 178 43 147 32.4% 107 262,200 104 636 474 18.5% 352 252,400 237,700 3.4% 1 310,000 34 133,700 3 300,200

147 Lake Oswego/

West Linn 466 252 62 160 21.2% 113 448,600 118 774 546 22.1% 398 469,500 415,000 9.2% - - 5 324,400 2 508,900

148

WPortland 733 439 76 346 21.8% 232 450,400 104 1,355 1,021 17.8% 742 425,700 352,500 10.2% 6 356,900 23 149,700 11 520,300

149

NWWash Co. 242 160 29 135 0.0% 128 406,700 73 566 467 6.1% 378 382,600 361,600 3.4% - - 9 212,400 2 348,000

150 Beaverton/

Aloha 391 300 42 277 30.0% 199 263,500 77 984 846 17.8% 598 250,400 227,600 10.0% 1 50,000 5 250,000 9 263,300

151

Tigard/Wilsonville 498 291 36 264 39.7% 188 323,800 104 1,020 892 32.0% 661 309,800 282,000 6.9% 2 129,000 14 182,100 9 260,700

152 Hillsboro/

Forest Grove 398 229 30 197 10.7% 155 224,100 119 715 662 12.8% 514 228,100 213,600 8.8% 5 479,700 17 133,800 15 252,800

153

Mt. Hood 107 28 9 10 -28.6% 9 204,100 282 76 46 -4.2% 37 206,200 170,000 9.3% - - 2 139,800 - -

155

Columbia Co. 282 93 18 81 92.9% 59 166,000 153 294 226 28.4% 182 156,400 156,500 -1.0% 5 183,000 9 52,100 2 147,500

156

Yamhill Co. 590 176 40 123 8.8% 114 198,900 116 570 448 26.9% 332 224,800 185,000 9.9% 4 241,200 22 179,600 7 351,200

Year-To-Date

COMMERCIAL LAND MULTIFAMILYRESIDENTIAL

Year-To-Date Year-To-DateCurrent Month Year-To-Date


3/73Copyright RMLS 2013. All Rights Reserved.

NEW LISTINGS

PORTLAND, OR

This graph shows the

new residential listings

over the past threecalendar years in the

greater Portland, Oregon

metropolitan area.

TOTAL ACTIVE

LISTINGSPORTLAND, OR


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.J AN FEB MAR APR MAY J UN J UL AUG SEP OCT NOV DEC

2011 11,69711,74611,45811,62111,825 11,817 11,97011,27610,66610,012 9,451 8,612

2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,352

2013 6,366 6,256 6,207 6,498

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

Act ive Residential List ings

J AN FEB MAR APR MAY J UN J UL AUG SEP OCT NOV DEC2011 14,815 14,869 14,544 14,736 14,973 14,921 15,000 14,269 13,579 12,852 12,283 11,167

2012 11,17510,939 10,95711,146 11,465 11,448 11,70911,629 11,263 10,542 9,659 8,374

2013 8,519 8,435 8,385 8,673

5,000

7,500

10,000

12,500

15,000

17,500

Total Active Listings

0

500

1,000

1,500

2,0002,500

3,000

3,500

4,000

New Listings

2011 2012 2013


4/7Copyright RMLS 2013. All Rights Reserved.4

This graph represents

monthly accepted offers

in the Portland, Oregon

metropolitan area over

the past three calendar

years.

PENDING LISTINGS

PORTLAND, OR


closed sales over the past

five calendar years in the

greater Portland, Oregon

metropolitan area.

CLOSED SALES

PORTLAND, OR


average market time for

sales in the Portland,

Oregon metropolitan area

over the past three calendar

years.

DAYS ON MARKET

PORTLAND, OR

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Pending Sales

2011 2012 2013

0

500

1,000

1,500

2,000

2,500

Closed Sales

2009

2010

2011

2012

2013

0

20

40

60

80

100

120

140

160

180

200

Average Total Market Time

2011 TMT 2012 TMT 2013 TMT


5/7

Copyright RMLS

2013. All Rights Reserved.

5

This graph represents the average and median sale price for all homes sold in

the Portland, Oregon metropolitan area.

SALE PRICE

PORTLAND, OR

$175,000

$195,000

$215,000

$235,000

$255,000

$275,000

$295,000

$315,000

$335,000

$355,000$375,000

Apr-04

Jul-04

Oct-04

Jan-05

Apr-05

Jul-05

Oct-05

Jan-06

Apr-06

Jul-06

Oct-06

Jan-07

Apr-07

Jul-07

Oct-07

Jan-08

Apr-08

Jul-08

Oct-08

Jan-09

Apr-09

Jul-09

Oct-09

Jan-10

Apr-10

Jul-10

Oct-10

Jan-11

Apr-11

Jul-11

Oct-11

Jan-12

Apr-12

Jul-12

Oct-12

Jan-13

Apr-13

Average and Median Sale Price

Average Sale Price Median Sale Price

$100,000

$120,000$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

$280,000

APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR

Median Sale Price: Por tland, OR & Clark Co., WA

Clark County Metro Portland, OR

This graph shows th

median sale price ove

the past 12 months i

the greater Portland

Oregon, metropolita

area and Clark

County.

MEDIAN SALEPRICE

PORTLAND, OR


6/7

$ 178,500

Yamhill County

$ 230,000N Portland

$ 289,000NE

Portland

$ 259,900SEPortland

$ 192,900Gresham

TroutdaleSandy

CorbettFairview $ 183,000

Mt. Hood:Zigzag

WelchesRhododendron

WemmeBrightwood

Government Camp

$ 233,500Milwaukie/Gladstone/

Boring/Clackamas

Estacada

$ 245,000

Oregon CityCanby

Molalla

Beavercreek

$ 430,500

Lake Oswego

WestLinn

$ 369,500

West

Portland

$ 381,800

North Washington County

Sauvie Island

$ 237,000

Beaverton

Aloha

$ 300,000

Tigard/Tualatin

Sherwood

Wilsonville

$ 214,600Hillsboro

Forest Grove

$ 160,000

Columbia County

$163,500Heights

$178,100Cent. Vancouver

$190,700

Cascade Park

$165,2005 Corners

Orch.

$179,800HazelDell

Minnehaha

$250,000Felida

$272,000

Salmon Creek

$255,000

Camas/Washougal

$285,000

Brush Prairie

Hockinson

$251,200

Ridgefeld/La Center

$225,500

Battle Ground

$366,000

N/NE Clark County

$195,800

Woodland

MEDIAN SALE PRICEApril 2013

PORTLAND

METRO

6Copyright RMLS 2013. All Rights Reserved.

SW

WASHINGTON


7/7

MULTIPLE LISTING SERVICE

The statistics p resented in Market

Act ion are co mpi led m ont hly based on

figures generated by RMLS

.Market Action Reports are compiled for

the following areas: Portland metropolitanarea, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County,Coos County, Curry County, DouglasCounty, Grant County, Lane County, NorthCoastal Counties, Polk & Marion Counties,Union County, and Wallowa County.

RMLS was formed by area Boards andAssociations of REALTORS in 1991.

E-mail subscriptions are available for$45 per year by contacting RMLS, (503)236-7657. Reproduction of any portion ofthis copyrighted material is prohibitedwithout prior approval of RMLS.

Brian Carlson, Chairman of the BoardKurt von Wasmuth, President/CEOHeather Andrews, Editor

Copyright RMLS 2013. All Rights Reserved.

Lane County: FlorencePO Box 414

Florence, OR 97439(541) 902-2560Fax: (541) 902-1341

Curry CountyPO Box 6307

Brookings, OR 97415(541) 469-0219

Fax: (541) 469-9695

Lane County: Eugene2139 Centennial Plaza

Eugene, OR 97401(541) 686-2885

Fax: (541) 484-3854

Southwest Washington1514 Broadway, Suite 101

Vancouver, WA 98663(360) 696-0718

Fax: (360) 696-9342

Douglas County3510 NE EdenbowerRoseburg, OR 97470

(541) 673-3571Fax: (541) 673-6581

Corporate8338 NE Alderwood Rd, Suite 230

Portland, OR 97220(503) 236-7657

Fax: (503) 230-0689

Mid-ColumbiaPO Box 1088

Hood River, OR 97031

(541) 436-2956Fax: (541) 387-6657

Eastern OregonPO Box 751

Hermiston, OR 97838(541) 567-5186

Fax: (541) 289-7320

Coos County1946 Sherman Ave., Suite 101

North Bend, OR 97459(541) 751-1070

Fax: (541) 751-1083

Salem4035 12th Street Cutoff SE, Suite 110

Salem, OR 97302(503) 587-8810

Fax: (503) 585-3817

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

$100,000

$125,000

$150,000

$175,000

$200,000

Median Condo Sale Price

2011 2012 2013

AFFORDABILITY

PORTLAND, OR

This graph shows the affordability for housing in

Portland, Oregon in March 2013.

0

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120

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200

Jun

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Mar-05

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Mar-13

Affo rd abi li ty Index

AFFORDABILITY - According to a formula from the National Association of REALTORS, buying a house in the Portlandmetro area is affordable for a family earning the median income. A family earning the median income ($68,300 in 2013,per HUD) can afford 157% of a monthly mortgage payment on a median priced home ($250,000 in March). The formulaassumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.57% (per Freddie Mac).

april 2013 market action report for portland metro oregon home value

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