Metro Portland, Oregon Ja - Bella Casa Real Estate Group
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon January Highlights A slight rise in pending sales ushered in the new year this January in the Portland metro region. At 2,027, pending sales fared 36.6% higher than the 1,484 accepted offers from December and 6.3% better than the 1,906 from January 2013. In fact, it was the best January for new listings since 2007, when there were 2,544 for the month! New listings (2,583) nearly doubled (93.8%) compared to last month’s 1,333, and also fared 5.9% better than the 2,438 new listings posted last January. At 1,396, closed sales fell 21.7% compared to December but still ended 3.9% higher than last January’s 1,344.
January 2014 Reporting Period
lower than both January 2013 and January 2012. Total market time increased to 96 days, but is still lower than the last two previous Januaries. Inventory rose slightly in January to 4.1 months.
Average and Median Sale Prices Prices are on the rise. Comparing the average price of sold homes in the twelve months ending January 31st of this year ($312,000) with the average price of homes sold in the twelve months ending January 2013 ($277,100) shows an increase of 12.6%. In the same comparison, the median has increased 13.6% from $235,000 to $267,000.
Inventory in Months* 2012 2013 2014 January 7.0 4.7 4.1 February 6.5 4.5 March 5.0 3.2 April 4.7 3.1 May 4.2 2.5 June 3.9 2.9 July 4.6 2.8 August 3.9 3.1 September 4.6 3.7 October 3.8 3.4 November 4.2 3.7 December 3.6 3.2 *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:
The number of active residential listings fell to 5,671 in January—
+12.6% ($312,000 v. $277,100) Median Sale Price % Change: +13.6% ($267,000 v. $235,000)
For further explanation of this measure, see the second footnote on page 2.
Change
2013
2014
Portland Metro Residential highlights
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
January
2,583
2,027
1,396
317,200
265,000
96
December
1,333
1,484
1,782
308,700
267,300
87
Year-to-date
2,583
2,027
1,396
317,200
265,000
96
January
2,438
1,906
1,344
287,700
248,000
114
Year-to-date
2,438
1,906
1,344
287,700
248,000
114
January
5.9%
6.3%
3.9%
10.3%
6.9%
-15.8%
93.8%
36.6%
-21.7%
2.8%
-0.9%
10.3%
5.9%
6.3%
3.9%
10.3%
6.9%
-15.8%
Prev Mo 2013 Year-to-date
© Copyright RMLS™ 2014. All Rights Reserved.
AREa REPORT • 1/2014
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
Year-To-Date
280,000
1
350,000
NE Portland
309
180
81
193
8.4%
143
317,800
80
180
193
8.4%
143
317,800
264,900 12.7%
4
368,000
2
75,000
3
509,200
SE Portland
505
291
92
268
21.3%
154
304,700
81
291
268
21.3%
154
304,700
245,500 18.1%
1
40,000
4
167,400
6
396,900
144
Gresham/ Troutdale
472
179
57
131
29.7%
89
241,200
110
179
131
29.7%
89
241,200
229,900 14.4%
3
179,700
5
92,000
1
795,000
145
Milwaukie/ Clackamas
501
202
86
153
-6.7%
105
294,400
99
202
153
-6.7%
105
294,400
277,500 13.2%
-
-
12
197,700
2
510,800
146
Oregon City/ Canby
415
162
59
106
5.0%
81
293,600
129
162
106
5.0%
81
293,600
289,000 14.4%
-
-
7
228,800
1
270,000
Lake Oswego/ West Linn
382
184
83
103
-20.8%
69
486,600
106
184
103
-20.8%
69
486,600
435,000
9.3%
-
-
3
383,200
W Portland
559
314
94
237
23.4%
164
457,500
103
314
237
23.4%
164
457,500
355,000
7.3%
42,000
8
152,900
7
807,500
NW Wash Co.
210
110
31
107
7.0%
76
376,100
48
110
107
7.0%
76
376,100
356,300 10.4%
-
-
2
224,100
1
350,000
Beaverton/ Aloha
390
215
64
147
-12.5%
132
246,400
74
215
147
-12.5%
132
246,400
232,100 17.7%
-
-
4
417,300
Tigard/ Wilsonville
468
233
56
161
-20.3%
113
329,500
106
233
161
-20.3%
113
329,500
302,000
Hillsboro/ Forest Grove
410
182
53
160
36.8%
87
245,900
73
182
160
36.8%
87
245,900
233,000 13.1%
-
87
18
8
15
66.7%
12
232,100
187
18
15
66.7%
12
232,100
228,300 13.3%
Columbia Co.
280
75
26
51
-1.9%
32
211,100
167
75
51
-1.9%
32
211,100
171,900 15.9%
Yamhill Co.
495
128
56
94
0.0%
63
251,900
176
128
94
0.0%
63
251,900
215,000 12.0%
141 142 143 148 149 153 155
1
-
-
-
3
283,000
1
290,000
-
8
231,700
2
259,800
-
-
1
23,000
-
-
-
-
1
170,000
-
-
6
96,100
-
-
1
193,000
-
Average Sale Price
1
Closed Sales
235,500
9.6%
Average Sale Price
1
Closed Sales
257,500 15.7%
Closed Sales
Median Sale Price
270,800
1
Average Sale Price
2
Average Sale Price
76
Closed Sales
31.2%
147
Avg. Sale Price % Change
Pending Sales 2014 v. 2013
101
Pending Sales
110
New Listings
65
150
3
270,800
Total Market Time
76
Mt. hood
Average Sale Price
31.2%
Closed Sales
101
Pending Sales
46
New Listings
110
Active Listings
188
151
Pending Sales 2014 v. 2013
Year-To-Date
152
Expired/Canceled Listings
MULTIFAMILY
N Portland
156 1
LAND
1
Year-To-Date
1
Current Month
COMMERCIAL
381,500
Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2014 with January 2013. The Year-To-Date section compares 2014 year-to-date statistics through January with 2013 year-to-date statistics through January.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/13-1/31/14) with 12 months before (2/1/12-1/31/13).
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 for January: > Inventory is 7.86 months; up from 5.5 mos in December; down from last January when it was 11.4 mos >63 closed sales vs 86 in December; 51 sales last January >94 pending sales vs 59 in December; identical to January 2013 >Days on the market before accepted offer: 176 vs 166 in Dec; 155 last January 2
© Copyright RMLS™ 2014. 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, Oregon metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707 2014 5,671
TOTAL ACTIVE LISTINGS PORTLAND, OR
This graph shows the total active listings over
Total Active Listings 12,500
10,000
the past three calendar years in the greater
7,500
Portland, Oregon metropolitan area.
5,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 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
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0
new residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area.
2012
2013
2014
3
© Copyright RMLS™ 2014. All Rights Reserved.
PENDING LISTINGS Pending Sales
PORTLAND, OR
This graph represents
3,500 3,000
monthly accepted offers
2,500
in the Portland, Oregon
2,000 1,500
metropolitan area over
1,000
the past three calendar
500
years.
0
2012
2013
2014
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
metropolitan area.
1,000
2010 - 2014
2010 2011 2012 2013
500
2014
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
160
This graph shows the
140 120
average market time for
100
sales in the Portland,
80 60
Oregon metropolitan area
40
over the past three calendar
20 0
years. 2012 TMT
2013 TMT
2014 TMT
4
© Copyright RMLS™ 2014. 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
June-Jan
$295,000 $275,000 $255,000 $235,000 $215,000 $175,000
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 Jul-13 Oct-13 Jan-14
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
$300,000 $280,000
$260,000
This graph shows the
$240,000 $220,000
median sale price over
$200,000
the past 12 months in
$180,000 $160,000
the greater Portland,
$140,000
Oregon, metropolitan
$120,000
$100,000
JAN
FEB
MAR APR
MAY JUNE JULY AUG SEPT OCT
Clark County
NOV
Metro Portland, OR
5
© Copyright RMLS™ 2014. All Rights Reserved.
DEC
JAN
area and Clark County.
Median sale price January 2014
SW Washington
$169,500
NA
Woodland
N/NE Clark County
$216,500
Portland
$232,000
Battle Ground
Ridgefield/La Center
Metro
$ 171,900 Columbia County $276,000 Salmon Creek $244,500 Felida
$ 356,300 North Washington County Sauvie Island
Brush Prairie Hockinson
$187,800 Hazel Dell Minnehaha
$180,500 5 Corners Orch.
$175,000 Cent. Vancouver
$ 232,100 Beaverton
$ 355,000 West Portland
Aloha
$ 302,000 Tigard/Tualatin Sherwood Wilsonville
$289,900 Camas/Washougal $ 264,900 NE Portland $ 245,500 SE Portland $ 277,500
$ 435,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 215,000 $ 289,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$209,500 Cascade Park
$300,000 Heights
$ 257,500 N Portland
$ 233,000 Hillsboro Forest Grove
$279,900
© Copyright RMLS™ 2014. All Rights Reserved.
$ 229,900 Gresham Troutdale Sandy Corbett Fairview
$ 228,300 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS
Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County 16289 Hwy 101 S, Suite E Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695
Active & Closed Condos 800 700 600 500 400 300 200 100 0
Active Listings
AFFORDABILITY PORTLAND, OR
Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083 The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™. Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant 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™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR
Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342 Salem 4035 12th Street Cutoff SE, Suite 110 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817
This graph shows the number of active and closed
Closed Sales
This graph shows the affordability for housing in Portland, Oregon in December 2013.
Affordability Index
Through 2012
200
180 160
140 120 100
80 60
40 20 0
Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 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
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689
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 ($68,300 in 2013, per HUD) can afford 132% of a monthly mortgage payment on a median priced home ($267,300 in December). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 4.46% (per Freddie Mac).
Brian Houston, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2014. All Rights Reserved.
January 2014 Reporting Period
lower than both January 2013 and January 2012. Total market time increased to 96 days, but is still lower than the last two previous Januaries. Inventory rose slightly in January to 4.1 months.
Average and Median Sale Prices Prices are on the rise. Comparing the average price of sold homes in the twelve months ending January 31st of this year ($312,000) with the average price of homes sold in the twelve months ending January 2013 ($277,100) shows an increase of 12.6%. In the same comparison, the median has increased 13.6% from $235,000 to $267,000.
Inventory in Months* 2012 2013 2014 January 7.0 4.7 4.1 February 6.5 4.5 March 5.0 3.2 April 4.7 3.1 May 4.2 2.5 June 3.9 2.9 July 4.6 2.8 August 3.9 3.1 September 4.6 3.7 October 3.8 3.4 November 4.2 3.7 December 3.6 3.2 *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:
The number of active residential listings fell to 5,671 in January—
+12.6% ($312,000 v. $277,100) Median Sale Price % Change: +13.6% ($267,000 v. $235,000)
For further explanation of this measure, see the second footnote on page 2.
Change
2013
2014
Portland Metro Residential highlights
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
January
2,583
2,027
1,396
317,200
265,000
96
December
1,333
1,484
1,782
308,700
267,300
87
Year-to-date
2,583
2,027
1,396
317,200
265,000
96
January
2,438
1,906
1,344
287,700
248,000
114
Year-to-date
2,438
1,906
1,344
287,700
248,000
114
January
5.9%
6.3%
3.9%
10.3%
6.9%
-15.8%
93.8%
36.6%
-21.7%
2.8%
-0.9%
10.3%
5.9%
6.3%
3.9%
10.3%
6.9%
-15.8%
Prev Mo 2013 Year-to-date
© Copyright RMLS™ 2014. All Rights Reserved.
AREa REPORT • 1/2014
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
Year-To-Date
280,000
1
350,000
NE Portland
309
180
81
193
8.4%
143
317,800
80
180
193
8.4%
143
317,800
264,900 12.7%
4
368,000
2
75,000
3
509,200
SE Portland
505
291
92
268
21.3%
154
304,700
81
291
268
21.3%
154
304,700
245,500 18.1%
1
40,000
4
167,400
6
396,900
144
Gresham/ Troutdale
472
179
57
131
29.7%
89
241,200
110
179
131
29.7%
89
241,200
229,900 14.4%
3
179,700
5
92,000
1
795,000
145
Milwaukie/ Clackamas
501
202
86
153
-6.7%
105
294,400
99
202
153
-6.7%
105
294,400
277,500 13.2%
-
-
12
197,700
2
510,800
146
Oregon City/ Canby
415
162
59
106
5.0%
81
293,600
129
162
106
5.0%
81
293,600
289,000 14.4%
-
-
7
228,800
1
270,000
Lake Oswego/ West Linn
382
184
83
103
-20.8%
69
486,600
106
184
103
-20.8%
69
486,600
435,000
9.3%
-
-
3
383,200
W Portland
559
314
94
237
23.4%
164
457,500
103
314
237
23.4%
164
457,500
355,000
7.3%
42,000
8
152,900
7
807,500
NW Wash Co.
210
110
31
107
7.0%
76
376,100
48
110
107
7.0%
76
376,100
356,300 10.4%
-
-
2
224,100
1
350,000
Beaverton/ Aloha
390
215
64
147
-12.5%
132
246,400
74
215
147
-12.5%
132
246,400
232,100 17.7%
-
-
4
417,300
Tigard/ Wilsonville
468
233
56
161
-20.3%
113
329,500
106
233
161
-20.3%
113
329,500
302,000
Hillsboro/ Forest Grove
410
182
53
160
36.8%
87
245,900
73
182
160
36.8%
87
245,900
233,000 13.1%
-
87
18
8
15
66.7%
12
232,100
187
18
15
66.7%
12
232,100
228,300 13.3%
Columbia Co.
280
75
26
51
-1.9%
32
211,100
167
75
51
-1.9%
32
211,100
171,900 15.9%
Yamhill Co.
495
128
56
94
0.0%
63
251,900
176
128
94
0.0%
63
251,900
215,000 12.0%
141 142 143 148 149 153 155
1
-
-
-
3
283,000
1
290,000
-
8
231,700
2
259,800
-
-
1
23,000
-
-
-
-
1
170,000
-
-
6
96,100
-
-
1
193,000
-
Average Sale Price
1
Closed Sales
235,500
9.6%
Average Sale Price
1
Closed Sales
257,500 15.7%
Closed Sales
Median Sale Price
270,800
1
Average Sale Price
2
Average Sale Price
76
Closed Sales
31.2%
147
Avg. Sale Price % Change
Pending Sales 2014 v. 2013
101
Pending Sales
110
New Listings
65
150
3
270,800
Total Market Time
76
Mt. hood
Average Sale Price
31.2%
Closed Sales
101
Pending Sales
46
New Listings
110
Active Listings
188
151
Pending Sales 2014 v. 2013
Year-To-Date
152
Expired/Canceled Listings
MULTIFAMILY
N Portland
156 1
LAND
1
Year-To-Date
1
Current Month
COMMERCIAL
381,500
Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2014 with January 2013. The Year-To-Date section compares 2014 year-to-date statistics through January with 2013 year-to-date statistics through January.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/13-1/31/14) with 12 months before (2/1/12-1/31/13).
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 for January: > Inventory is 7.86 months; up from 5.5 mos in December; down from last January when it was 11.4 mos >63 closed sales vs 86 in December; 51 sales last January >94 pending sales vs 59 in December; identical to January 2013 >Days on the market before accepted offer: 176 vs 166 in Dec; 155 last January 2
© Copyright RMLS™ 2014. 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, Oregon metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707 2014 5,671
TOTAL ACTIVE LISTINGS PORTLAND, OR
This graph shows the total active listings over
Total Active Listings 12,500
10,000
the past three calendar years in the greater
7,500
Portland, Oregon metropolitan area.
5,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 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
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0
new residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area.
2012
2013
2014
3
© Copyright RMLS™ 2014. All Rights Reserved.
PENDING LISTINGS Pending Sales
PORTLAND, OR
This graph represents
3,500 3,000
monthly accepted offers
2,500
in the Portland, Oregon
2,000 1,500
metropolitan area over
1,000
the past three calendar
500
years.
0
2012
2013
2014
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
metropolitan area.
1,000
2010 - 2014
2010 2011 2012 2013
500
2014
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
160
This graph shows the
140 120
average market time for
100
sales in the Portland,
80 60
Oregon metropolitan area
40
over the past three calendar
20 0
years. 2012 TMT
2013 TMT
2014 TMT
4
© Copyright RMLS™ 2014. 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
June-Jan
$295,000 $275,000 $255,000 $235,000 $215,000 $175,000
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 Jul-13 Oct-13 Jan-14
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
$300,000 $280,000
$260,000
This graph shows the
$240,000 $220,000
median sale price over
$200,000
the past 12 months in
$180,000 $160,000
the greater Portland,
$140,000
Oregon, metropolitan
$120,000
$100,000
JAN
FEB
MAR APR
MAY JUNE JULY AUG SEPT OCT
Clark County
NOV
Metro Portland, OR
5
© Copyright RMLS™ 2014. All Rights Reserved.
DEC
JAN
area and Clark County.
Median sale price January 2014
SW Washington
$169,500
NA
Woodland
N/NE Clark County
$216,500
Portland
$232,000
Battle Ground
Ridgefield/La Center
Metro
$ 171,900 Columbia County $276,000 Salmon Creek $244,500 Felida
$ 356,300 North Washington County Sauvie Island
Brush Prairie Hockinson
$187,800 Hazel Dell Minnehaha
$180,500 5 Corners Orch.
$175,000 Cent. Vancouver
$ 232,100 Beaverton
$ 355,000 West Portland
Aloha
$ 302,000 Tigard/Tualatin Sherwood Wilsonville
$289,900 Camas/Washougal $ 264,900 NE Portland $ 245,500 SE Portland $ 277,500
$ 435,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 215,000 $ 289,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$209,500 Cascade Park
$300,000 Heights
$ 257,500 N Portland
$ 233,000 Hillsboro Forest Grove
$279,900
© Copyright RMLS™ 2014. All Rights Reserved.
$ 229,900 Gresham Troutdale Sandy Corbett Fairview
$ 228,300 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
ACTIVE & CLOSED CONDOS
Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County 16289 Hwy 101 S, Suite E Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695
Active & Closed Condos 800 700 600 500 400 300 200 100 0
Active Listings
AFFORDABILITY PORTLAND, OR
Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083 The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™. Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant 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™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR
Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342 Salem 4035 12th Street Cutoff SE, Suite 110 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817
This graph shows the number of active and closed
Closed Sales
This graph shows the affordability for housing in Portland, Oregon in December 2013.
Affordability Index
Through 2012
200
180 160
140 120 100
80 60
40 20 0
Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 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
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689
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 ($68,300 in 2013, per HUD) can afford 132% of a monthly mortgage payment on a median priced home ($267,300 in December). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 4.46% (per Freddie Mac).
Brian Houston, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2014. All Rights Reserved.
