Metro Portland, Oregon Ap - Bella Casa Real Estate Group
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon April Residential Highlights Real estate activity in the Portland metro area is still buzzing this April. The 3,613 pending sales showed a 27.9% increase over the 2,825 offers accepted in April 2014 and a 6.8% increase over the 3,384 offers accepted last month. It was the strongest April for pending sales since 2005, when there were 3,950 posted for the month.
April’s inventory decreased again to 1.8 months, and total market time decreased to 61 days. Active residential listings numbered 4,853 at the end of April.
Average and Median Sale Prices Prices have been higher in 2015 than in 2014. Comparing each year through April, the average sale price rose 3.5% from $325,100 to $336,400. In the same comparison, Similarly, closed sales (2,734) the median sale price rose 5.5% fared 27.6% better than April 2014 from $275,000 to $290,000. (2,143) and 11.3% better than March 2015 (2,457), and also represented the strongest April since 2005, when there were 3,051 closings posted. New listings (3,949) fared 8.8% better than the 3,629 listings offered in April 2014 and 9.8% better than the 3,596 listings offered last month. The last April with more new listings being offered was in 2010, when there were 4,713.
2015
Portland Metro Residential Highlights
2014
Inventory in Months* 2013 2014 2015 January 4.7 4.1 3.4 February 4.5 3.9 3.0 March 3.2 3.1 1.9 April 3.1 2.8 1.8 May 2.5 2.8 June 2.9 2.8 July 2.8 2.9 August 3.1 3.0 September 3.7 3.1 October 3.4 2.8 November 3.7 3.2 December 3.2 2.3 *Inventory in Months is calculated by dividing the Active Residential 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. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +5.4% ($335,900 v. $318,700) Median Sale Price % Change: +6.2% ($290,000 v. $273,000)
For further explanation of this measure, see the second footnote on page 2.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
April
3,949
3,613
2,734
347,500
301,300
61
March
3,596
3,384
2,457
337,200
290,000
75
13,345
11,479
8,567
336,400
290,000
73
3,629
2,825
2,143
332,600
280,000
77
11,806
8,971
7,141
325,100
275,000
88
April
8.8%
27.9%
27.6%
4.5%
7.6%
-21.7%
Prev Mo 2015
9.8%
6.8%
11.3%
3.1%
3.9%
-18.7%
Year-to-date
13.0%
28.0%
20.0%
3.5%
5.5%
-17.0%
Year-to-date
Change
April 2015 Reporting Period
April Year-to-date
© Copyright RMLS™ 2015. All Rights Reserved.
AREA REPORT • 4/2015
Portland Metropolitan Area, Oregon RESIDENTIAL
MULTIFAMILY
Year-To-Date
Year-To-Date
2
9.6%
3
470,000
11
166,000
8
350,100
NE Portland
264
334
40
326
24.0%
262
377,300
42
1,113
1,014
24.1%
810
363,200
315,300
5.9%
10
456,500
11
288,900
21
446,800
SE Portland
388
413
48
424
31.3%
302
317,500
51
1,406
1,300
18.1%
967
312,400
269,900
10.0%
7
499,100
29
246,000
58
427,400
144
Gresham/ Troutdale
362
258
32
246
38.2%
152
254,400
82
878
774
38.7%
544
245,600
235,000
8.1%
4
1,295,400
11
223,200
16
266,000
145
Milwaukie/ Clackamas
462
338
48
304
29.9%
191
315,000
73
1,162
912
27.7%
664
317,600
295,000
7.8%
4
378,600
35
132,500
7
319,100
146
Oregon City/ Canby
345
244
33
189
32.2%
140
292,900
78
735
588
22.5%
427
297,100
279,000
6.3%
4
708,300
27
192,700
8
238,900
Lake Oswego/ West Linn
364
237
52
200
29.0%
161
506,300
73
821
619
26.1%
455
502,400
450,000
5.1%
22
489,600
2
382,900
W Portland
517
445
66
372
18.1%
329
488,600
58
1,513
1,225
23.5%
951
463,100
399,000
3.3%
26
203,500
7
710,300
NW Wash Co.
183
172
16
154
6.9%
115
436,900
32
584
500
8.5%
398
430,800
392,700
4.6%
15
212,100
Beaverton/ Aloha
324
365
47
357
39.5%
315
291,800
51
1,322
1,231
56.2%
938
285,000
269,500
6.5%
3
516,700
6
282,000
6
338,200
Tigard/ Wilsonville
399
346
49
307
20.9%
252
353,800
70
1,157
1,015
35.0%
768
345,100
322,800
7.6%
1
520,000
13
301,500
5
381,700
Hillsboro/ Forest Grove
316
287
38
281
60.6%
178
272,100
49
946
847
28.9%
573
273,100
254,900
9.4%
3
237,200
16
184,200
16
257,800
81
31
8
16
-15.8%
4
228,500
144
88
46
-31.3%
38
217,200
207,500
-3.8%
7
105,000
-
Columbia Co.
241
90
18
97
5.4%
64
207,000
88
349
319
32.9%
230
216,800
215,000
6.8%
4
288,300
20
101,200
2
197,000
Yamhill Co.
471
216
31
177
22.9%
142
263,500
105
726
595
38.7%
423
253,300
225,000
1.7%
5
256,400
21
176,000
15
249,600
141 142 143 148 149 153 155 156 1
Closed Sales
Closed Sales -
8
-
364,100 -
-
-
Average Sale Price
294,000
Closed Sales
313,900
Average Sale Price
Median Sale Price
381
Average Sale Price
Average Sale Price
16.5%
Closed Sales
494
147
Avg. Sale Price % Change
Pending Sales 2015 v. 2014
545
Pending Sales
31
New Listings
329,400
150
3
127
Total Market Time
25.4%
Mt. Hood
Average Sale Price
163
Closed Sales
21
Pending Sales
173
New Listings
136
Active Listings N Portland
151
Pending Sales 2015 v. 2014
LAND
Year-To-Date
152
Expired.Canceled Listings
COMMERCIAL
1
Year-To-Date
1
Current Month
-
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2015 with April 2014. The Year-ToDate section compares 2015 year-to-date statistics through April with 2014 year-to-date statistics through April.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/14-4/30/15) with 12 months before (5/1/13-4/30/14).
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.
Yamhill County Focus... >Inventory is 3.3 months which means on average we have a "sellers' market" for the first time in 8 years >Days-on-market before an acceptable offer: 105 days average; down from 130 days in 2014 >Pending sales are 177; 144 in 2014; up 22.9% >Closed sales in April: 142 compared w/101 in 2014; year-to-date are 423; in 2014 were 334 (+27%) >Average sale price is $253k; average median price is $225k; both are up but modestly yet. This is the first 'normal' real estate year for Yamhill County in 8 years. When you list a property now, you can expect it to sell if your pricing is right. Pricing has stabilized and is moving up steadily. All sectors of our markets are moving but there is still room to grow before we approximate the numbers at the top of the market in 2007. Portland has already arrived there; we are on our way. Of course, local conditions and specific price ranges vary and need to be analyzed separately. 2
© Copyright RMLS™ 2015. All Rights Reserved.
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 10,000 9,000
PORTLAND, OR
8,000
This graph shows the active
7,000
residential listings over the
6,000
past three calendar years in
5,000
the greater Portland,
4,000
Oregon metropolitan area.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 6,366 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707 2014 5,671 5,752 5,811 6,093 6,858 7,250 7,727 7,784 7,438 6,963 6,131 5,146 2015 4,996 4,947 4,767 4,853
TOTAL ACTIVE LISTINGS PORTLAND, OR
Total Active Listings 13,000 12,000
This graph shows the
11,000
total active listings over
10,000
the past three calendar
9,000
years in the greater
8,000
Portland, Oregon
7,000
metropolitan area.
6,000
low inventory...
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 8,519 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511 2014 7,606 7,731 7,702 8,066 8,928 9,290 9,829 9,872 9,483 8,959 8,098 6,839 2015 6,764 6,718 6,518 6,622
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,500 4,000
new residential listings
3,500
over the past three
3,000 2,500
calendar years in the
2,000
greater Portland, Oregon
1,500 1,000
metropolitan area.
2013
2014
2015
3
© Copyright RMLS™ 2015. All Rights Reserved.
PENDING LISTINGS
Pending Sales
PORTLAND, OR
This graph represents
4,000 3,500
monthly accepted offers
much better!
3,000
in the Portland, Oregon
2,500
metropolitan area over
2,000
the past three calendar
1,500
years.
1,000
2013
2014
2015
CLOSED SALES
Closed Sales
PORTLAND, OR
This graph shows the
3,000
closed sales over the past
2,500
five calendar years in the
2,000
greater Portland, Oregon
1,500
2012
metropolitan area.
1,000
2013
spikes! 2011
2014
500
2015
0
DAYS ON MARKET
Average Total Market Time 140
PORTLAND, OR
120
This graph shows the
100
average market time for
80
sales in the Portland,
60
Oregon metropolitan area
40
over the past three calendar
20
years. 2013 TMT
2014 TMT
2015 TMT
4
© Copyright RMLS™ 2015. All Rights Reserved.
SALE PRICE
This graph represents the average and median sale price for all homes sold in
PORTLAND, OR
the Portland, Oregon metropolitan area.
Average and Median Sale Price $375,000 $355,000 $335,000 $315,000 $295,000
$275,000 $255,000
$235,000 $215,000 $175,000
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 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
$350,000
$300,000
This graph shows the
$250,000
median sale price over
$200,000
the past 12 months in the greater Portland,
$150,000 $100,000
Oregon, metropolitan APR
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
JAN
FEB
Metro Portland, OR
5
© Copyright RMLS™ 2015. All Rights Reserved.
MAR
APR
area and Clark County.
MEDIAN SALE PRICE April 2015
SW WASHINGTON
$221,500
$87,500
Woodland
N/NE Clark County
$259,900
PORTLAND
$319,000
Battle Ground
Ridgefield/La Center
METRO
$ 209,500 Columbia County $290,000 Salmon Creek $289,900 Felida
$ 395,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$238,100 Hazel Dell Minnehaha
$226,800 5 Corners Orch.
$190,000 Cent. Vancouver
$ 278,900 Beaverton
$ 414,400 West Portland
Aloha
$ 335,000 Tigard/Tualatin Sherwood Wilsonville
$306,000 Camas/Washougal $ 325,300 NE Portland $ 273,000 SE Portland $ 295,000
$ 469,900
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 244,900 $ 280,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$224,500 Cascade Park
$210,000 Heights
$ 310,000 N Portland
$ 255,000 Hillsboro Forest Grove
$325,000
© Copyright RMLS™ 2015. All Rights Reserved.
$ 239,900 Gresham Troutdale Sandy Corbett Fairview
$ 250,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR
Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657 [email protected]
Active & Closed Condos 800 700 600 500 400
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
300 200 100 0
Active Listings
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
AFFORDABILITY PORTLAND, OR
This graph shows the affordability for housing in Portland, Oregon in March 2015.
Affordability Index 200 180 160 140 120 100 80 60 40 20 0
bottom of market
top of market
Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
Closed Sales
AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland metro area is affordable for a family earning the median income. A family earning the median income ($73,900 in 2015, per HUD) can afford 143% of a monthly mortgage payment on a median priced home ($290,000 in March). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.77% (per Freddie Mac).
Randy Hunzeker, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2015. All Rights Reserved.
April’s inventory decreased again to 1.8 months, and total market time decreased to 61 days. Active residential listings numbered 4,853 at the end of April.
Average and Median Sale Prices Prices have been higher in 2015 than in 2014. Comparing each year through April, the average sale price rose 3.5% from $325,100 to $336,400. In the same comparison, Similarly, closed sales (2,734) the median sale price rose 5.5% fared 27.6% better than April 2014 from $275,000 to $290,000. (2,143) and 11.3% better than March 2015 (2,457), and also represented the strongest April since 2005, when there were 3,051 closings posted. New listings (3,949) fared 8.8% better than the 3,629 listings offered in April 2014 and 9.8% better than the 3,596 listings offered last month. The last April with more new listings being offered was in 2010, when there were 4,713.
2015
Portland Metro Residential Highlights
2014
Inventory in Months* 2013 2014 2015 January 4.7 4.1 3.4 February 4.5 3.9 3.0 March 3.2 3.1 1.9 April 3.1 2.8 1.8 May 2.5 2.8 June 2.9 2.8 July 2.8 2.9 August 3.1 3.0 September 3.7 3.1 October 3.4 2.8 November 3.7 3.2 December 3.2 2.3 *Inventory in Months is calculated by dividing the Active Residential 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. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +5.4% ($335,900 v. $318,700) Median Sale Price % Change: +6.2% ($290,000 v. $273,000)
For further explanation of this measure, see the second footnote on page 2.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
April
3,949
3,613
2,734
347,500
301,300
61
March
3,596
3,384
2,457
337,200
290,000
75
13,345
11,479
8,567
336,400
290,000
73
3,629
2,825
2,143
332,600
280,000
77
11,806
8,971
7,141
325,100
275,000
88
April
8.8%
27.9%
27.6%
4.5%
7.6%
-21.7%
Prev Mo 2015
9.8%
6.8%
11.3%
3.1%
3.9%
-18.7%
Year-to-date
13.0%
28.0%
20.0%
3.5%
5.5%
-17.0%
Year-to-date
Change
April 2015 Reporting Period
April Year-to-date
© Copyright RMLS™ 2015. All Rights Reserved.
AREA REPORT • 4/2015
Portland Metropolitan Area, Oregon RESIDENTIAL
MULTIFAMILY
Year-To-Date
Year-To-Date
2
9.6%
3
470,000
11
166,000
8
350,100
NE Portland
264
334
40
326
24.0%
262
377,300
42
1,113
1,014
24.1%
810
363,200
315,300
5.9%
10
456,500
11
288,900
21
446,800
SE Portland
388
413
48
424
31.3%
302
317,500
51
1,406
1,300
18.1%
967
312,400
269,900
10.0%
7
499,100
29
246,000
58
427,400
144
Gresham/ Troutdale
362
258
32
246
38.2%
152
254,400
82
878
774
38.7%
544
245,600
235,000
8.1%
4
1,295,400
11
223,200
16
266,000
145
Milwaukie/ Clackamas
462
338
48
304
29.9%
191
315,000
73
1,162
912
27.7%
664
317,600
295,000
7.8%
4
378,600
35
132,500
7
319,100
146
Oregon City/ Canby
345
244
33
189
32.2%
140
292,900
78
735
588
22.5%
427
297,100
279,000
6.3%
4
708,300
27
192,700
8
238,900
Lake Oswego/ West Linn
364
237
52
200
29.0%
161
506,300
73
821
619
26.1%
455
502,400
450,000
5.1%
22
489,600
2
382,900
W Portland
517
445
66
372
18.1%
329
488,600
58
1,513
1,225
23.5%
951
463,100
399,000
3.3%
26
203,500
7
710,300
NW Wash Co.
183
172
16
154
6.9%
115
436,900
32
584
500
8.5%
398
430,800
392,700
4.6%
15
212,100
Beaverton/ Aloha
324
365
47
357
39.5%
315
291,800
51
1,322
1,231
56.2%
938
285,000
269,500
6.5%
3
516,700
6
282,000
6
338,200
Tigard/ Wilsonville
399
346
49
307
20.9%
252
353,800
70
1,157
1,015
35.0%
768
345,100
322,800
7.6%
1
520,000
13
301,500
5
381,700
Hillsboro/ Forest Grove
316
287
38
281
60.6%
178
272,100
49
946
847
28.9%
573
273,100
254,900
9.4%
3
237,200
16
184,200
16
257,800
81
31
8
16
-15.8%
4
228,500
144
88
46
-31.3%
38
217,200
207,500
-3.8%
7
105,000
-
Columbia Co.
241
90
18
97
5.4%
64
207,000
88
349
319
32.9%
230
216,800
215,000
6.8%
4
288,300
20
101,200
2
197,000
Yamhill Co.
471
216
31
177
22.9%
142
263,500
105
726
595
38.7%
423
253,300
225,000
1.7%
5
256,400
21
176,000
15
249,600
141 142 143 148 149 153 155 156 1
Closed Sales
Closed Sales -
8
-
364,100 -
-
-
Average Sale Price
294,000
Closed Sales
313,900
Average Sale Price
Median Sale Price
381
Average Sale Price
Average Sale Price
16.5%
Closed Sales
494
147
Avg. Sale Price % Change
Pending Sales 2015 v. 2014
545
Pending Sales
31
New Listings
329,400
150
3
127
Total Market Time
25.4%
Mt. Hood
Average Sale Price
163
Closed Sales
21
Pending Sales
173
New Listings
136
Active Listings N Portland
151
Pending Sales 2015 v. 2014
LAND
Year-To-Date
152
Expired.Canceled Listings
COMMERCIAL
1
Year-To-Date
1
Current Month
-
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2015 with April 2014. The Year-ToDate section compares 2015 year-to-date statistics through April with 2014 year-to-date statistics through April.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/14-4/30/15) with 12 months before (5/1/13-4/30/14).
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.
Yamhill County Focus... >Inventory is 3.3 months which means on average we have a "sellers' market" for the first time in 8 years >Days-on-market before an acceptable offer: 105 days average; down from 130 days in 2014 >Pending sales are 177; 144 in 2014; up 22.9% >Closed sales in April: 142 compared w/101 in 2014; year-to-date are 423; in 2014 were 334 (+27%) >Average sale price is $253k; average median price is $225k; both are up but modestly yet. This is the first 'normal' real estate year for Yamhill County in 8 years. When you list a property now, you can expect it to sell if your pricing is right. Pricing has stabilized and is moving up steadily. All sectors of our markets are moving but there is still room to grow before we approximate the numbers at the top of the market in 2007. Portland has already arrived there; we are on our way. Of course, local conditions and specific price ranges vary and need to be analyzed separately. 2
© Copyright RMLS™ 2015. All Rights Reserved.
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 10,000 9,000
PORTLAND, OR
8,000
This graph shows the active
7,000
residential listings over the
6,000
past three calendar years in
5,000
the greater Portland,
4,000
Oregon metropolitan area.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 6,366 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707 2014 5,671 5,752 5,811 6,093 6,858 7,250 7,727 7,784 7,438 6,963 6,131 5,146 2015 4,996 4,947 4,767 4,853
TOTAL ACTIVE LISTINGS PORTLAND, OR
Total Active Listings 13,000 12,000
This graph shows the
11,000
total active listings over
10,000
the past three calendar
9,000
years in the greater
8,000
Portland, Oregon
7,000
metropolitan area.
6,000
low inventory...
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 8,519 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511 2014 7,606 7,731 7,702 8,066 8,928 9,290 9,829 9,872 9,483 8,959 8,098 6,839 2015 6,764 6,718 6,518 6,622
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,500 4,000
new residential listings
3,500
over the past three
3,000 2,500
calendar years in the
2,000
greater Portland, Oregon
1,500 1,000
metropolitan area.
2013
2014
2015
3
© Copyright RMLS™ 2015. All Rights Reserved.
PENDING LISTINGS
Pending Sales
PORTLAND, OR
This graph represents
4,000 3,500
monthly accepted offers
much better!
3,000
in the Portland, Oregon
2,500
metropolitan area over
2,000
the past three calendar
1,500
years.
1,000
2013
2014
2015
CLOSED SALES
Closed Sales
PORTLAND, OR
This graph shows the
3,000
closed sales over the past
2,500
five calendar years in the
2,000
greater Portland, Oregon
1,500
2012
metropolitan area.
1,000
2013
spikes! 2011
2014
500
2015
0
DAYS ON MARKET
Average Total Market Time 140
PORTLAND, OR
120
This graph shows the
100
average market time for
80
sales in the Portland,
60
Oregon metropolitan area
40
over the past three calendar
20
years. 2013 TMT
2014 TMT
2015 TMT
4
© Copyright RMLS™ 2015. All Rights Reserved.
SALE PRICE
This graph represents the average and median sale price for all homes sold in
PORTLAND, OR
the Portland, Oregon metropolitan area.
Average and Median Sale Price $375,000 $355,000 $335,000 $315,000 $295,000
$275,000 $255,000
$235,000 $215,000 $175,000
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 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
$350,000
$300,000
This graph shows the
$250,000
median sale price over
$200,000
the past 12 months in the greater Portland,
$150,000 $100,000
Oregon, metropolitan APR
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
JAN
FEB
Metro Portland, OR
5
© Copyright RMLS™ 2015. All Rights Reserved.
MAR
APR
area and Clark County.
MEDIAN SALE PRICE April 2015
SW WASHINGTON
$221,500
$87,500
Woodland
N/NE Clark County
$259,900
PORTLAND
$319,000
Battle Ground
Ridgefield/La Center
METRO
$ 209,500 Columbia County $290,000 Salmon Creek $289,900 Felida
$ 395,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$238,100 Hazel Dell Minnehaha
$226,800 5 Corners Orch.
$190,000 Cent. Vancouver
$ 278,900 Beaverton
$ 414,400 West Portland
Aloha
$ 335,000 Tigard/Tualatin Sherwood Wilsonville
$306,000 Camas/Washougal $ 325,300 NE Portland $ 273,000 SE Portland $ 295,000
$ 469,900
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 244,900 $ 280,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$224,500 Cascade Park
$210,000 Heights
$ 310,000 N Portland
$ 255,000 Hillsboro Forest Grove
$325,000
© Copyright RMLS™ 2015. All Rights Reserved.
$ 239,900 Gresham Troutdale Sandy Corbett Fairview
$ 250,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR
Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657 [email protected]
Active & Closed Condos 800 700 600 500 400
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
300 200 100 0
Active Listings
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
AFFORDABILITY PORTLAND, OR
This graph shows the affordability for housing in Portland, Oregon in March 2015.
Affordability Index 200 180 160 140 120 100 80 60 40 20 0
bottom of market
top of market
Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
Closed Sales
AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland metro area is affordable for a family earning the median income. A family earning the median income ($73,900 in 2015, per HUD) can afford 143% of a monthly mortgage payment on a median priced home ($290,000 in March). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.77% (per Freddie Mac).
Randy Hunzeker, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2015. All Rights Reserved.
