Metro Portland, Oregon Fe - Bella Casa Real Estate Group
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon February Residential Highlights February brought more strong activity across the board to the Portland metro area. Closed sales (1,813) cooled slightly (-2.5%) compared to January 2016 (1,859) but were still 10.0% ahead of the 1,648 closings posted in February 2015. It was the strongest February for closings in the area since 2007, when 1,899 were recorded for the month. Pending sales (2,786) ended 9.9% ahead of February 2015 (2,534) and 24.2% ahead of January 2016 (2,243). Again, this was the strongest February for accepted offers since 2007, when 2,834 offers were accepted for the month.
February 2016 Reporting Period
Inventory in the Portland metro area remained stable in February, sitting at 1.8 months. Total market time rose by three days in the same period, landing at 60 days. There are currently a total of 3,226 active residential listings in the Portland metro area.
Average and Median Sale Prices Comparing the average price of homes in the twelve months ending February 29th of this year ($357,500) with the average price of homes sold in the twelve months ending February 2015 ($333,700) shows an increase of 7.1%. In the same comparison, the median has increased 7.8% from $287,500 to $310,000.
New listings, at 2,896, rose 15.0% above January 2016 (2,519) and fared just slightly better than February 2015 (2,884), rising 0.4%.
Change
2015
2016
Portland Metro Residential Highlights
Inventory in Months* 2014 2015 2016 January 4.1 3.4 1.8 February 3.9 3.0 1.8 March 3.1 1.9 April 2.8 1.8 May 2.8 1.7 June 2.8 1.6 July 2.9 1.7 August 3.0 1.9 September 3.1 1.9 October 2.8 1.8 November 3.2 2.0 December 2.3 1.2 *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: +7.1% ($357,500 v. $333,700) Median Sale Price % Change: +7.8% ($310,000 v. $287,500)
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
February
2,896
2,786
1,813
364,900
315,000
60
January
2,519
2,243
1,859
355,500
310,000
57
Year-to-date
5,440
4,932
3,749
359,700
314,500
58
February
2,884
2,534
1,648
328,000
285,000
81
Year-to-date
5,685
4,724
3,181
327,700
280,000
81
February
0.4%
9.9%
10.0%
11.3%
10.5%
-25.8%
Prev Mo 2016
15.0%
24.2%
-2.5%
2.6%
1.6%
5.3%
Year-to-date
-4.3%
4.4%
17.9%
9.8%
12.3%
-28.5%
© Copyright RMLS™ 2016. All Rights Reserved.
AREA REPORT • 2/2016
Portland Metropolitan Area, Oregon
Average Sale Price
Closed Sales
Average Sale Price
Closed Sales
Closed Sales
Avg. Sale Price % Change2
Median Sale Price
Average Sale Price
Closed Sales
Pending Sales 2016 v. 20151
Pending Sales
New Listings
3
Total Market Time
Average Sale Price
-4.2%
68
362,800
41
209
181
-8.1%
128
361,800
337,500
15.7%
4
1,037,500
5
153,000
6
509,000
NE Portland
179
249
32
237
19.7%
160
380,100
44
465
447
9.3%
327
369,300
325,000
7.8%
4
575,000
2
555,000
17
417,300
SE Portland
250
320
32
327
18.1%
215
334,300
47
580
583
10.2%
462
331,300
285,000
9.1%
7
309,900
12
155,300
23
571,300
144
Closed Sales
92
Gresham/ Troutdale
256
191
29
209
5.6%
131
277,200
62
383
379
9.2%
302
277,500
260,000
9.9%
3
394,700
8
138,400
10
265,900
145
Pending Sales 2016 v. 20151
22
Milwaukie/ Clackamas
330
236
39
220
15.2%
163
372,300
71
447
394
6.5%
316
358,700
331,000
9.2%
1
701,000
25
145,500
2
385,500
146
Pending Sales
109
Oregon City/ Canby
263
180
23
184
50.8%
93
353,400
72
348
309
28.2%
198
358,200
317,000
11.2%
-
-
14
220,500
2
614,500
Lake Oswego/ West Linn
260
185
36
147
-1.3%
99
577,500
92
336
256
1.2%
184
551,200
441,000
3.2%
-
-
12
441,200
1
340,400
W Portland
313
278
55
249
-11.7%
165
487,100
56
524
432
-12.6%
333
505,000
421,500
6.7%
1
410,000
6
377,000
10
656,900
NW Wash Co.
135
137
33
127
0.0%
102
456,600
39
262
231
1.8%
193
456,700
415,000
5.3%
2
97,700
2
271,000
Beaverton/ Aloha
145
285
35
311
13.1%
174
302,700
38
532
509
0.6%
380
305,400
282,100
7.3%
2
193,000
3
48,000
2
470,000
Tigard/ Wilsonville
314
259
37
246
15.5%
137
366,600
55
522
415
-0.5%
296
371,200
342,500
9.5%
10
368,700
2
294,000
Hillsboro/ Forest Grove
183
195
26
184
-4.2%
121
335,500
64
346
332
-1.2%
266
316,400
288,500
8.4%
11
389,100
4
247,300
64
23
6
16
77.8%
8
235,600
73
37
29
45.0%
21
233,800
235,300
2.6%
-
4
65,000
Columbia Co.
142
66
22
74
-1.3%
69
208,600
90
131
143
5.9%
125
227,200
224,900
7.5%
2
92,500
16
67,500
3
183,300
Yamhill Co.
303
183
31
163
25.4%
108
281,600
105
318
292
20.2%
218
271,100
246,500
8.7%
4
811,300
9
197,600
9
229,800
156
155
153
149
148
143
142
89
147
Expired.Canceled Listings
Year-To-Date
150
New Listings
Active Listings
MULTIFAMILY
Year-To-Date
151
141
LAND
Year-To-Date
152
N Portland
COMMERCIAL Year-To-Date
Average Sale Price
RESIDENTIAL Current Month
1
Mt. Hood
-
2
-
296,300
-
-
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares February 2016 with February 2015. The Year-To-Date section compares 2016 year-to-date statistics through February with 2015 year-to-date statistics through February.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (3/1/15-2/29/16) with 12 months before (3/1/14-2/28/15).
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: February 2016 compared to February 2015... >Closed sales: 2016= 108; 2015= 89 >Pending sales: 2016= 163; 2015= 130 >Inventory: ; 2016= 2.9 months (303 active listings) vs 2015= 3.4 months (487 active listings) >Time on market (average): 2016=105 days; 2015= 134 days >Average sales price: 2016= $281,600; 2015= $229,000 >Median sales price: 2016= $246,500; 2015= $209,000 -The Luxury/expensive rural market ($1m+ is poised for significant improvement based on promising data from the area east of Yamhill County. -Buildable land is moving quickly again; prices have stablized and moving up -Commercial real estate- signs of recovery finally. IT SHOULD BE A GOOD YEAR FOR SELLERS 2
© Copyright RMLS™ 2016. All Rights Reserved.
8,500
ACTIVE RESIDENTIAL LISTINGS
7,500
PORTLAND, OR
6,500
This graph shows the active
5,500
residential listings over the
4,500
past three calendar years in
Active Residential Listings
3,500
the greater Portland,
low inventory
2,500
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 5,125 5,388 5,708 5,837 5,657 5,021 4,252 3,381 2016 3,305 3,226
TOTAL ACTIVE LISTINGS PORTLAND, OR
Oregon metropolitan area.
Total Active Listings 11,000 10,000
This graph shows the
9,000
total active listings over
8,000
the past three calendar
7,000
years in the greater
6,000
Portland, Oregon
5,000
metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 6,934 7,175 7,549 7,665 7,417 6,737 5,905 4,785 2016 4,743 4,674
NEW LISTINGS
New Listings
PORTLAND, OR
4,500
This graph shows the
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.
2014
2015
2016
3
© Copyright RMLS™ 2016. All Rights Reserved.
PENDING LISTINGS
Pending Sales
PORTLAND, OR
4,000
This graph represents
3,500
monthly accepted offers
3,000
in the Portland, Oregon
2,500
metropolitan area over
2,000
the past three calendar
1,500
years.
1,000
2014
2015
2016
CLOSED SALES
Closed Sales
PORTLAND, OR
This graph shows the
3,500
closed sales over the past
3,000
five calendar years in the greater Portland, Oregon metropolitan area.
5 years... steady year-over-year improvement since 2012
2,500 2012
2,000
2013
1,500
2014
1,000
2015
500
2016
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
110 100 90 80 70 60 50 40 30 20
This graph shows the average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years. 2014 TMT
2015 TMT
2016 TMT
4
© Copyright RMLS™ 2016. 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 $425,000
above top of the market 2007
$375,000 $325,000
$275,000
Average Sale Price
Feb-16
Nov-15
Aug-15
Feb-15
May-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
Feb-13
May-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
Feb-11
May-11
Nov-10
Aug-10
May-10
Feb-10
Nov-09
Aug-09
Feb-09
May-09
Nov-08
Aug-08
May-08
$175,000
Feb-08
$225,000
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 FEB
MAR
APR
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
Metro Portland, OR
5
© Copyright RMLS™ 2016. All Rights Reserved.
JAN
FEB
area and Clark County.
MEDIAN SALE PRICE February 2016
SW WASHINGTON
$288,900
$291,600
Woodland
N/NE Clark County
PORTLAND
$256,900 $293,300
Battle Ground
Ridgefield/La Center
METRO
$ 219,900 Columbia County $306,700 Salmon Creek $258,800 Felida
$ 425,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$247,500 Hazel Dell Minnehaha
$222,000 5 Corners Orch.
$219,200 Cent. Vancouver
$ 274,800 Beaverton
$ 400,000 West Portland
Aloha
$ 350,000 Tigard/Tualatin Sherwood Wilsonville
$379,400 Camas/Washougal $ 333,000 NE Portland $ 285,000 SE Portland $ 336,000
$ 485,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 249,000 $ 315,500 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$247,300 Cascade Park
$235,500 Heights
$ 313,600 N Portland
$ 295,000 Hillsboro Forest Grove
$335,500
© Copyright RMLS™ 2016. All Rights Reserved.
$ 268,700 Gresham Troutdale Sandy Corbett Fairview
$ 249,800 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS PORTLAND, OR
Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657 [email protected]
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
Active & Closed Condos 600 500 400 300
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
200 100 0
Active Listings
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. 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™.
MEDIAN SALE PRICE CONDOS PORTLAND, OR
Closed Sales
This graph represents the median sale price for all condos sold in the last three calendar years in the Portland, Oregon metropolitan area. Median Condo Sale Price
$250,000 $225,000 $200,000 $175,000 $150,000 $125,000
2014
2015
2016
Craig Fahner, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2016. All Rights Reserved.
February 2016 Reporting Period
Inventory in the Portland metro area remained stable in February, sitting at 1.8 months. Total market time rose by three days in the same period, landing at 60 days. There are currently a total of 3,226 active residential listings in the Portland metro area.
Average and Median Sale Prices Comparing the average price of homes in the twelve months ending February 29th of this year ($357,500) with the average price of homes sold in the twelve months ending February 2015 ($333,700) shows an increase of 7.1%. In the same comparison, the median has increased 7.8% from $287,500 to $310,000.
New listings, at 2,896, rose 15.0% above January 2016 (2,519) and fared just slightly better than February 2015 (2,884), rising 0.4%.
Change
2015
2016
Portland Metro Residential Highlights
Inventory in Months* 2014 2015 2016 January 4.1 3.4 1.8 February 3.9 3.0 1.8 March 3.1 1.9 April 2.8 1.8 May 2.8 1.7 June 2.8 1.6 July 2.9 1.7 August 3.0 1.9 September 3.1 1.9 October 2.8 1.8 November 3.2 2.0 December 2.3 1.2 *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: +7.1% ($357,500 v. $333,700) Median Sale Price % Change: +7.8% ($310,000 v. $287,500)
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
February
2,896
2,786
1,813
364,900
315,000
60
January
2,519
2,243
1,859
355,500
310,000
57
Year-to-date
5,440
4,932
3,749
359,700
314,500
58
February
2,884
2,534
1,648
328,000
285,000
81
Year-to-date
5,685
4,724
3,181
327,700
280,000
81
February
0.4%
9.9%
10.0%
11.3%
10.5%
-25.8%
Prev Mo 2016
15.0%
24.2%
-2.5%
2.6%
1.6%
5.3%
Year-to-date
-4.3%
4.4%
17.9%
9.8%
12.3%
-28.5%
© Copyright RMLS™ 2016. All Rights Reserved.
AREA REPORT • 2/2016
Portland Metropolitan Area, Oregon
Average Sale Price
Closed Sales
Average Sale Price
Closed Sales
Closed Sales
Avg. Sale Price % Change2
Median Sale Price
Average Sale Price
Closed Sales
Pending Sales 2016 v. 20151
Pending Sales
New Listings
3
Total Market Time
Average Sale Price
-4.2%
68
362,800
41
209
181
-8.1%
128
361,800
337,500
15.7%
4
1,037,500
5
153,000
6
509,000
NE Portland
179
249
32
237
19.7%
160
380,100
44
465
447
9.3%
327
369,300
325,000
7.8%
4
575,000
2
555,000
17
417,300
SE Portland
250
320
32
327
18.1%
215
334,300
47
580
583
10.2%
462
331,300
285,000
9.1%
7
309,900
12
155,300
23
571,300
144
Closed Sales
92
Gresham/ Troutdale
256
191
29
209
5.6%
131
277,200
62
383
379
9.2%
302
277,500
260,000
9.9%
3
394,700
8
138,400
10
265,900
145
Pending Sales 2016 v. 20151
22
Milwaukie/ Clackamas
330
236
39
220
15.2%
163
372,300
71
447
394
6.5%
316
358,700
331,000
9.2%
1
701,000
25
145,500
2
385,500
146
Pending Sales
109
Oregon City/ Canby
263
180
23
184
50.8%
93
353,400
72
348
309
28.2%
198
358,200
317,000
11.2%
-
-
14
220,500
2
614,500
Lake Oswego/ West Linn
260
185
36
147
-1.3%
99
577,500
92
336
256
1.2%
184
551,200
441,000
3.2%
-
-
12
441,200
1
340,400
W Portland
313
278
55
249
-11.7%
165
487,100
56
524
432
-12.6%
333
505,000
421,500
6.7%
1
410,000
6
377,000
10
656,900
NW Wash Co.
135
137
33
127
0.0%
102
456,600
39
262
231
1.8%
193
456,700
415,000
5.3%
2
97,700
2
271,000
Beaverton/ Aloha
145
285
35
311
13.1%
174
302,700
38
532
509
0.6%
380
305,400
282,100
7.3%
2
193,000
3
48,000
2
470,000
Tigard/ Wilsonville
314
259
37
246
15.5%
137
366,600
55
522
415
-0.5%
296
371,200
342,500
9.5%
10
368,700
2
294,000
Hillsboro/ Forest Grove
183
195
26
184
-4.2%
121
335,500
64
346
332
-1.2%
266
316,400
288,500
8.4%
11
389,100
4
247,300
64
23
6
16
77.8%
8
235,600
73
37
29
45.0%
21
233,800
235,300
2.6%
-
4
65,000
Columbia Co.
142
66
22
74
-1.3%
69
208,600
90
131
143
5.9%
125
227,200
224,900
7.5%
2
92,500
16
67,500
3
183,300
Yamhill Co.
303
183
31
163
25.4%
108
281,600
105
318
292
20.2%
218
271,100
246,500
8.7%
4
811,300
9
197,600
9
229,800
156
155
153
149
148
143
142
89
147
Expired.Canceled Listings
Year-To-Date
150
New Listings
Active Listings
MULTIFAMILY
Year-To-Date
151
141
LAND
Year-To-Date
152
N Portland
COMMERCIAL Year-To-Date
Average Sale Price
RESIDENTIAL Current Month
1
Mt. Hood
-
2
-
296,300
-
-
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares February 2016 with February 2015. The Year-To-Date section compares 2016 year-to-date statistics through February with 2015 year-to-date statistics through February.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (3/1/15-2/29/16) with 12 months before (3/1/14-2/28/15).
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: February 2016 compared to February 2015... >Closed sales: 2016= 108; 2015= 89 >Pending sales: 2016= 163; 2015= 130 >Inventory: ; 2016= 2.9 months (303 active listings) vs 2015= 3.4 months (487 active listings) >Time on market (average): 2016=105 days; 2015= 134 days >Average sales price: 2016= $281,600; 2015= $229,000 >Median sales price: 2016= $246,500; 2015= $209,000 -The Luxury/expensive rural market ($1m+ is poised for significant improvement based on promising data from the area east of Yamhill County. -Buildable land is moving quickly again; prices have stablized and moving up -Commercial real estate- signs of recovery finally. IT SHOULD BE A GOOD YEAR FOR SELLERS 2
© Copyright RMLS™ 2016. All Rights Reserved.
8,500
ACTIVE RESIDENTIAL LISTINGS
7,500
PORTLAND, OR
6,500
This graph shows the active
5,500
residential listings over the
4,500
past three calendar years in
Active Residential Listings
3,500
the greater Portland,
low inventory
2,500
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 5,125 5,388 5,708 5,837 5,657 5,021 4,252 3,381 2016 3,305 3,226
TOTAL ACTIVE LISTINGS PORTLAND, OR
Oregon metropolitan area.
Total Active Listings 11,000 10,000
This graph shows the
9,000
total active listings over
8,000
the past three calendar
7,000
years in the greater
6,000
Portland, Oregon
5,000
metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 6,934 7,175 7,549 7,665 7,417 6,737 5,905 4,785 2016 4,743 4,674
NEW LISTINGS
New Listings
PORTLAND, OR
4,500
This graph shows the
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.
2014
2015
2016
3
© Copyright RMLS™ 2016. All Rights Reserved.
PENDING LISTINGS
Pending Sales
PORTLAND, OR
4,000
This graph represents
3,500
monthly accepted offers
3,000
in the Portland, Oregon
2,500
metropolitan area over
2,000
the past three calendar
1,500
years.
1,000
2014
2015
2016
CLOSED SALES
Closed Sales
PORTLAND, OR
This graph shows the
3,500
closed sales over the past
3,000
five calendar years in the greater Portland, Oregon metropolitan area.
5 years... steady year-over-year improvement since 2012
2,500 2012
2,000
2013
1,500
2014
1,000
2015
500
2016
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
110 100 90 80 70 60 50 40 30 20
This graph shows the average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years. 2014 TMT
2015 TMT
2016 TMT
4
© Copyright RMLS™ 2016. 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 $425,000
above top of the market 2007
$375,000 $325,000
$275,000
Average Sale Price
Feb-16
Nov-15
Aug-15
Feb-15
May-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
Feb-13
May-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
Feb-11
May-11
Nov-10
Aug-10
May-10
Feb-10
Nov-09
Aug-09
Feb-09
May-09
Nov-08
Aug-08
May-08
$175,000
Feb-08
$225,000
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 FEB
MAR
APR
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
Metro Portland, OR
5
© Copyright RMLS™ 2016. All Rights Reserved.
JAN
FEB
area and Clark County.
MEDIAN SALE PRICE February 2016
SW WASHINGTON
$288,900
$291,600
Woodland
N/NE Clark County
PORTLAND
$256,900 $293,300
Battle Ground
Ridgefield/La Center
METRO
$ 219,900 Columbia County $306,700 Salmon Creek $258,800 Felida
$ 425,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$247,500 Hazel Dell Minnehaha
$222,000 5 Corners Orch.
$219,200 Cent. Vancouver
$ 274,800 Beaverton
$ 400,000 West Portland
Aloha
$ 350,000 Tigard/Tualatin Sherwood Wilsonville
$379,400 Camas/Washougal $ 333,000 NE Portland $ 285,000 SE Portland $ 336,000
$ 485,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 249,000 $ 315,500 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$247,300 Cascade Park
$235,500 Heights
$ 313,600 N Portland
$ 295,000 Hillsboro Forest Grove
$335,500
© Copyright RMLS™ 2016. All Rights Reserved.
$ 268,700 Gresham Troutdale Sandy Corbett Fairview
$ 249,800 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS PORTLAND, OR
Contact RMLS™ 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657 [email protected]
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
Active & Closed Condos 600 500 400 300
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
200 100 0
Active Listings
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. 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™.
MEDIAN SALE PRICE CONDOS PORTLAND, OR
Closed Sales
This graph represents the median sale price for all condos sold in the last three calendar years in the Portland, Oregon metropolitan area. Median Condo Sale Price
$250,000 $225,000 $200,000 $175,000 $150,000 $125,000
2014
2015
2016
Craig Fahner, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2016. All Rights Reserved.
