Archive for the ‘Portland Real Estate Market Statistics’ Category

Scott’s October 2014 Portland Area Market Report by Area – UPDATED

Friday, November 14th, 2014

I have been tracking numbers for probably close to three years now and have gone through tons of changes in what I track and how I track it. Just this last year eliminating an emphasis on the distressed market as we are no longer in a heavily distressed market (though, I do still track distressed activity).

The biggest change however has come recently in starting to track all 13 individual RMLS “Areas” that make up the Portland Metro real estate market in addition to the overall Portland Metro market. This change has been a difficult one at best as I am often finding a need to fine tune things; then it must be fine tuned 14 times (13 markets plus the 1 overall Portland market).

As an example, in preparing this post I realized I was taking a daily “snapshot” of the previous week worth of sales activity to generate the portion of my reports that show:

  • Inventory in days
  • Average days on market for sold homes
  • Average price per square foot for solds
  • Average list price when sold
  • Average sale price
  • Average percent of list price paid

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RMLS Portland Metro Market Action Report for October 2014

Friday, November 14th, 2014

The RMLS Market Action Report for October 2014 just came out and with it some, well; expected numbers.

First off, inventory dropped a bit from 3.1 months worth of inventory in September to just 2.8 months of inventory. This is a normal figure for this time of year with the last two years also dropping at the same time, from 3.7 to 3.4 in 2013 and from 4.6 to 3.8 in 2012.

 

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What is the Current Average Home Sale Price in Your Area? Got it Right Here!

Friday, November 7th, 2014

In the last few months I’ve been switching up my real estate market tracking which previously only tracked the Portland metro and surrounding areas as a whole, lumping in Molalla with say N Portland, which shows the overall conditions in the Portland real estate market at large, but doesn’t get granular enough to help folks buying or selling a home in a given area.

That has now changed. I am now tracking, daily, each of the 13 individual RMLS markets in the Portland metro region. This still may not get granular enough for some, however being that these “areas” are defined by RMLS as “markets” it should help quite a bit.

So, home sale prices in a given area? Lets get on with it! These numbers represent all logged sales in the last week (from October 30th – November 6th):

RMLS Area 141 North Portland

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Portland Real Estate Market Update: Inventory Down, Distressed Homes Up

Friday, October 31st, 2014

Normally during this time of year we do see inventory shrinking and indeed this year is no different. Down from roughly 6,400 homes on the market back in late August to 5,640 as of today as this graph shows:

 

 

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September 2014 RMLS Market Action Report

Wednesday, October 29th, 2014

The September RMLS Market Action Report is out and is showing the market is still quite strong for sellers with inventory still low in terms of number of months. RMLS shows 3.1 months for September. My own number tracking shows us running around 80 days currently (seems to be decreasing for October, which is not the norm).

Other highlights include solid gains for the average sale price as well which for September was $338,100 up 6.6% from September 2013 and 7.4% for year to date, but that is down .6% from August. My own numbers show we are currently hovering around the $360,000 mark so it is still increasing currently in late October.

Typically we would be seeing a solid slow down in the market right now and while we are seeing that with inventory over all, down from over 6,400 homes in early September to just barely 5,800 now, usually we would be seeing larger jumps in the inventory in terms of months worth of inventory, but we’re not seeing that with only a .1 /month jump for September from August where as in 2013 that same jump was .6 and in 2012 it was .7.

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Data Tracking Changes Incoming & Finally Adding Area & Price Tracking

Tuesday, August 26th, 2014

I’m going to be changing what is tracked from here on out and being that tracking these numbers takes a considerable amount of time, I can’t keep the old numbers going while also doing the new numbers; HOWEVER, I have also implemented area tracking and home price tracking (see the end of this post for tracking information going away, and tracking information being added).

This means, from here on out I’ll be tracking data for the entire Portland Metro and surrounding area markets, as well as each of the 13 RMLS areas that make up this market individually.

Here’s a breakdown of these areas:

  • 141 North Portland
  • 142 Northeast Portland
  • 143 Southeast Portland
  • 144 Gresham, Sandy, Troutdale, Corbett
  • 145 Milwaukie, Gladstone, Happy Valley, Clackamas, Damascus, Estacada
  • 146 Oregon City, Beavercreek, Canby, Molalla, Mulino
  • 147 Lake Oswego, West Linn
  • 148 West Portland, Raleigh Hills
  • 149 NW Washington County, Sauvie Island
  • 150 Beaverton, Aloha
  • 151 Tigard, Tualatin, Sherwood, Wilsonville
  • 152 Hillsboro, Forest Grove
  • 153 Mt Hood, Welches, Rhododendron, Wemme, Zigzag, Brightwood, Government Camp

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