Metro Portland, Oregon Ma
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon May Highlights Real estate activity in the Portland metro area continues to see seasonal gains. New listings (4,192) are up 15.5% over April’s 3,629 and up 9.4% compared to the 3,833 new listings posted last May. It was the strongest May for new listings since 2008, when there were 5,182. The 2,989 pending sales were a 5.8% increase over last month, but just a 0.4% increase over the same month last year. May had 2,483 closed sales, up 15.9% over April’s 2,143 closings, but down 7.4% from the 2,682 closings posted in May 2013. There are currently 6,858 active residential listings in the Portland metro area. Total market time continued falling in May, and currently sits at 67 days. Inventory stayed stable at 2.8 months.
Year to Date Summary Portland’s real estate market has seen only slight cooling compared to 2013. New listings (16,077) are up 3.2% compared to the first five months of 2013. Pending sales (11,852) and closed sales (9,772) are down 2.7% and 0.9% in the same comparison. Average and Median Sale Prices The average price the first five months this year was $327,200, up 9.1% from same time in 2013 when the average was $299,900. In the same comparison, the median rose 10.1% from $253,000 in the first five months of 2013 to $278,500 in the same period of 2014.
May 2014 Reporting Period Inventory in Months* 2012 2013 2014 January 7.0 4.7 4.1 February 6.5 4.5 3.9 March 5.0 3.2 3.1 April 4.7 3.1 2.8 May 4.2 2.5 2.8 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: +10.6% ($320,400 v. $289,800) Median Sale Price % Change: +12.2% ($275,000 v. $245,000)
For further explanation of this measure, see the second footnote on page 2.
2014
Portland Metro Residential highlights
2013
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
May
4,192
2,989
2,483
335,300
290,000
67
April
3,629
2,825
2,143
332,600
280,000
77
16,077
11,852
9,772
327,200
278,500
82
3,833
2,978
2,682
316,900
269,500
85
15,581
12,187
9,857
299,900
253,000
100
9.4%
0.4%
-7.4%
5.8%
7.6%
-21.0%
15.5%
5.8%
15.9%
0.8%
3.6%
-13.0%
3.2%
-2.7%
-0.9%
9.1%
10.1%
-18.1%
Year-to-date
Change
New Listings
May Year-to-date May Prev Mo 2014 Year-to-date
© Copyright RMLS™ 2014. All Rights Reserved.
AREa REPORT • 5/2014
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
Year-To-Date
163,900
13
408,400
NE Portland
418
376
44
273
-16.0%
220
360,600
56
1,372
1,082
-12.7%
909
348,800
299,000 11.7%
14
375,900
23
125,300
28
364,500
SE Portland
592
443
63
349
-2.2%
300
307,000
45
1,792
1,438
2.3%
1,217
295,300
250,000 14.5%
12
474,800
22
148,200
55
471,900
144
Gresham/ Troutdale
503
238
49
204
12.1%
151
247,500
104
1,053
750
9.8%
602
234,000
224,300 10.9%
5
177,400
27
130,100
15
330,400
145
Milwaukie/ Clackamas
589
353
70
239
1.3%
219
301,500
52
1,318
946
-5.9%
763
299,500
280,000 12.9%
2
401,800
55
161,700
7
357,400
146
Oregon City/ Canby
464
243
39
163
-15.1%
129
295,500
84
894
634
-3.8%
521
293,100
278,000 14.4%
2
225,000
33
215,000
6
279,300
Lake Oswego/ West Linn
515
256
51
161
-14.4%
139
532,100
74
1,037
650
-11.3%
524
526,100
455,600
7.2%
1
712,500
16
370,800
3
428,700
W Portland
737
475
81
328
-2.7%
276
463,500
57
1,830
1,307
-3.6%
1,091
465,000
379,800
6.1%
3
130,000
34
189,500
15
644,200
NW Wash Co.
302
220
41
128
-7.9%
133
399,000
53
797
585
-3.8%
523
411,600
379,000
8.0%
13
284,500
3
341,500
Beaverton/ Aloha
491
398
53
285
10.9%
235
284,800
46
1,440
1,064
-2.5%
876
272,600
250,000 13.7%
2
281,500
4
115,200
15
374,200
Tigard/ Wilsonville
584
369
59
282
13.3%
212
342,000
72
1,390
1,027
-9.4%
795
327,900
309,000
8.4%
4
781,400
18
303,800
4
502,800
Hillsboro/ Forest Grove
428
264
37
199
-1.0%
151
263,600
73
1,047
853
0.0%
706
257,700
235,000 10.9%
7
273,300
29
181,200
12
487,800
97
31
6
18 100.0%
21
273,700
141
112
84
61.5%
75
256,600
237,500 23.1%
1
395,000
3
33,500
Columbia Co.
316
121
13
68
0.0%
52
206,900
125
430
303
4.1%
220
201,700
197,000 23.1%
7
297,900
20
108,400
3
180,000
Yamhill Co.
616
238
40
146
27.0%
131
261,200
134
888
568
2.9%
466
255,600
219,400 12.1%
5
232,700
38
189,400
6
295,000
141 142 143 148 149 153
-
Average Sale Price
8
Closed Sales
220,300
155
Average Sale Price
4
Closed Sales
265,800 15.1%
Closed Sales
Median Sale Price
282,200
-
Average Sale Price
2
Average Sale Price
484
Closed Sales
6.7%
147
Avg. Sale Price % Change
Pending Sales 2014 v. 2013
561
Pending Sales
677
New Listings
52
150
3
304,200
Total Market Time
114
Mt. hood
Average Sale Price
18.7%
Closed Sales
146
Pending Sales
33
New Listings
167
Active Listings
206
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
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2014 with May 2013. The Year-ToDate section compares 2014 year-to-date statistics through May with 2013 year-to-date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/13-5/31/14) with 12 months before (6/1/12-5/31/13).
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 Analysis: >4.7 months of inventory- a balanced market between sellers and buyers (7.7 months last May) >Average time on market: 134 days (213 last May) >Pending sales: 146; (27% better than last May) >Closed sales: 131; (92 last May) > YTD- Ave Sale Price: $256,000; Median Sales Price: $220,000 (last May: $195k & $170k) 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 5,752 5,811 6,093 6,858
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 2012 11,175 10,939 10,957 2013 8,519 8,435 8,385 2014 7,606 7,731 7,702
APR MAY JUN JUL AUG SEP OCT NOV DEC 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511 8,066 8,928
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 3,500
PORTLAND, OR
This graph represents
back to last year's level
3,000
monthly accepted offers
2,500
in the Portland, Oregon
2,000 1,500 1,000
metropolitan area over
very weak 1st quarter
weak ending of last year
500
the past three calendar 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
1% spike in interest rate 2013
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 Measures the health of the overall marketplace; not individual price appreciation
$375,000 $355,000 $335,000 $315,000
$295,000 $275,000 $255,000 $235,000
$195,000 $175,000
recovery to near market highs in '07 & '08 May-05 Aug-05 Nov-05 Feb-06 May-06 Aug-06 Nov-06 Feb-07 May-07 Aug-07 Nov-07 Feb-08 May-08 Aug-08 Nov-08 Feb-09 May-09 Aug-09 Nov-09 Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12 May-12 Aug-12 Nov-12 Feb-13 May-13 Aug-13 Nov-13 Feb-14 May-14
$215,000
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
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
JAN
FEB
MAR APR
Metro Portland, OR
5
© Copyright RMLS™ 2014. All Rights Reserved.
MAY
area and Clark County.
Median sale price May 2014
SW Washington
$241,900
$205,000
Woodland
N/NE Clark County
$253,500
Portland
$303,700
Battle Ground
Ridgefield/La Center
Metro
$ 210,200 Columbia County $282,000 Salmon Creek $255,000 Felida
$ 375,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$207,500 Hazel Dell Minnehaha
$211,700 5 Corners Orch.
$169,900 Cent. Vancouver
$ 263,000 Beaverton
$ 380,000 West Portland
Aloha
$ 310,400 Tigard/Tualatin Sherwood Wilsonville
$298,700 Camas/Washougal $ 329,500 NE Portland $ 269,600 SE Portland $ 285,000
$ 472,500
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 224,900 $ 275,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$216,000 Cascade Park
$219,000 Heights
$ 289,800 N Portland
$ 235,000 Hillsboro Forest Grove
$355,600
© Copyright RMLS™ 2014. All Rights Reserved.
$ 229,900 Gresham Troutdale Sandy Corbett Fairview
$ 244,900 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689 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 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 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
ACTIVE & CLOSED CONDOS
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR Active & Closed Condos 800 700 600 500 400 300 200 100 0
Active Listings
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
$225,000 $200,000 $175,000 $150,000 $125,000
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.
$100,000
2012
2013
2014
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™.
Brian Houston, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2014. All Rights Reserved.
Year to Date Summary Portland’s real estate market has seen only slight cooling compared to 2013. New listings (16,077) are up 3.2% compared to the first five months of 2013. Pending sales (11,852) and closed sales (9,772) are down 2.7% and 0.9% in the same comparison. Average and Median Sale Prices The average price the first five months this year was $327,200, up 9.1% from same time in 2013 when the average was $299,900. In the same comparison, the median rose 10.1% from $253,000 in the first five months of 2013 to $278,500 in the same period of 2014.
May 2014 Reporting Period Inventory in Months* 2012 2013 2014 January 7.0 4.7 4.1 February 6.5 4.5 3.9 March 5.0 3.2 3.1 April 4.7 3.1 2.8 May 4.2 2.5 2.8 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: +10.6% ($320,400 v. $289,800) Median Sale Price % Change: +12.2% ($275,000 v. $245,000)
For further explanation of this measure, see the second footnote on page 2.
2014
Portland Metro Residential highlights
2013
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
May
4,192
2,989
2,483
335,300
290,000
67
April
3,629
2,825
2,143
332,600
280,000
77
16,077
11,852
9,772
327,200
278,500
82
3,833
2,978
2,682
316,900
269,500
85
15,581
12,187
9,857
299,900
253,000
100
9.4%
0.4%
-7.4%
5.8%
7.6%
-21.0%
15.5%
5.8%
15.9%
0.8%
3.6%
-13.0%
3.2%
-2.7%
-0.9%
9.1%
10.1%
-18.1%
Year-to-date
Change
New Listings
May Year-to-date May Prev Mo 2014 Year-to-date
© Copyright RMLS™ 2014. All Rights Reserved.
AREa REPORT • 5/2014
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
Year-To-Date
163,900
13
408,400
NE Portland
418
376
44
273
-16.0%
220
360,600
56
1,372
1,082
-12.7%
909
348,800
299,000 11.7%
14
375,900
23
125,300
28
364,500
SE Portland
592
443
63
349
-2.2%
300
307,000
45
1,792
1,438
2.3%
1,217
295,300
250,000 14.5%
12
474,800
22
148,200
55
471,900
144
Gresham/ Troutdale
503
238
49
204
12.1%
151
247,500
104
1,053
750
9.8%
602
234,000
224,300 10.9%
5
177,400
27
130,100
15
330,400
145
Milwaukie/ Clackamas
589
353
70
239
1.3%
219
301,500
52
1,318
946
-5.9%
763
299,500
280,000 12.9%
2
401,800
55
161,700
7
357,400
146
Oregon City/ Canby
464
243
39
163
-15.1%
129
295,500
84
894
634
-3.8%
521
293,100
278,000 14.4%
2
225,000
33
215,000
6
279,300
Lake Oswego/ West Linn
515
256
51
161
-14.4%
139
532,100
74
1,037
650
-11.3%
524
526,100
455,600
7.2%
1
712,500
16
370,800
3
428,700
W Portland
737
475
81
328
-2.7%
276
463,500
57
1,830
1,307
-3.6%
1,091
465,000
379,800
6.1%
3
130,000
34
189,500
15
644,200
NW Wash Co.
302
220
41
128
-7.9%
133
399,000
53
797
585
-3.8%
523
411,600
379,000
8.0%
13
284,500
3
341,500
Beaverton/ Aloha
491
398
53
285
10.9%
235
284,800
46
1,440
1,064
-2.5%
876
272,600
250,000 13.7%
2
281,500
4
115,200
15
374,200
Tigard/ Wilsonville
584
369
59
282
13.3%
212
342,000
72
1,390
1,027
-9.4%
795
327,900
309,000
8.4%
4
781,400
18
303,800
4
502,800
Hillsboro/ Forest Grove
428
264
37
199
-1.0%
151
263,600
73
1,047
853
0.0%
706
257,700
235,000 10.9%
7
273,300
29
181,200
12
487,800
97
31
6
18 100.0%
21
273,700
141
112
84
61.5%
75
256,600
237,500 23.1%
1
395,000
3
33,500
Columbia Co.
316
121
13
68
0.0%
52
206,900
125
430
303
4.1%
220
201,700
197,000 23.1%
7
297,900
20
108,400
3
180,000
Yamhill Co.
616
238
40
146
27.0%
131
261,200
134
888
568
2.9%
466
255,600
219,400 12.1%
5
232,700
38
189,400
6
295,000
141 142 143 148 149 153
-
Average Sale Price
8
Closed Sales
220,300
155
Average Sale Price
4
Closed Sales
265,800 15.1%
Closed Sales
Median Sale Price
282,200
-
Average Sale Price
2
Average Sale Price
484
Closed Sales
6.7%
147
Avg. Sale Price % Change
Pending Sales 2014 v. 2013
561
Pending Sales
677
New Listings
52
150
3
304,200
Total Market Time
114
Mt. hood
Average Sale Price
18.7%
Closed Sales
146
Pending Sales
33
New Listings
167
Active Listings
206
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
-
-
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2014 with May 2013. The Year-ToDate section compares 2014 year-to-date statistics through May with 2013 year-to-date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/13-5/31/14) with 12 months before (6/1/12-5/31/13).
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 Analysis: >4.7 months of inventory- a balanced market between sellers and buyers (7.7 months last May) >Average time on market: 134 days (213 last May) >Pending sales: 146; (27% better than last May) >Closed sales: 131; (92 last May) > YTD- Ave Sale Price: $256,000; Median Sales Price: $220,000 (last May: $195k & $170k) 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 5,752 5,811 6,093 6,858
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 2012 11,175 10,939 10,957 2013 8,519 8,435 8,385 2014 7,606 7,731 7,702
APR MAY JUN JUL AUG SEP OCT NOV DEC 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511 8,066 8,928
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 3,500
PORTLAND, OR
This graph represents
back to last year's level
3,000
monthly accepted offers
2,500
in the Portland, Oregon
2,000 1,500 1,000
metropolitan area over
very weak 1st quarter
weak ending of last year
500
the past three calendar 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
1% spike in interest rate 2013
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 Measures the health of the overall marketplace; not individual price appreciation
$375,000 $355,000 $335,000 $315,000
$295,000 $275,000 $255,000 $235,000
$195,000 $175,000
recovery to near market highs in '07 & '08 May-05 Aug-05 Nov-05 Feb-06 May-06 Aug-06 Nov-06 Feb-07 May-07 Aug-07 Nov-07 Feb-08 May-08 Aug-08 Nov-08 Feb-09 May-09 Aug-09 Nov-09 Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12 May-12 Aug-12 Nov-12 Feb-13 May-13 Aug-13 Nov-13 Feb-14 May-14
$215,000
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
MAY JUNE JULY AUG SEPT OCT Clark County
NOV
DEC
JAN
FEB
MAR APR
Metro Portland, OR
5
© Copyright RMLS™ 2014. All Rights Reserved.
MAY
area and Clark County.
Median sale price May 2014
SW Washington
$241,900
$205,000
Woodland
N/NE Clark County
$253,500
Portland
$303,700
Battle Ground
Ridgefield/La Center
Metro
$ 210,200 Columbia County $282,000 Salmon Creek $255,000 Felida
$ 375,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$207,500 Hazel Dell Minnehaha
$211,700 5 Corners Orch.
$169,900 Cent. Vancouver
$ 263,000 Beaverton
$ 380,000 West Portland
Aloha
$ 310,400 Tigard/Tualatin Sherwood Wilsonville
$298,700 Camas/Washougal $ 329,500 NE Portland $ 269,600 SE Portland $ 285,000
$ 472,500
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 224,900 $ 275,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$216,000 Cascade Park
$219,000 Heights
$ 289,800 N Portland
$ 235,000 Hillsboro Forest Grove
$355,600
© Copyright RMLS™ 2014. All Rights Reserved.
$ 229,900 Gresham Troutdale Sandy Corbett Fairview
$ 244,900 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689 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 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 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
ACTIVE & CLOSED CONDOS
This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.
PORTLAND, OR Active & Closed Condos 800 700 600 500 400 300 200 100 0
Active Listings
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
$225,000 $200,000 $175,000 $150,000 $125,000
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.
$100,000
2012
2013
2014
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™.
Brian Houston, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2014. All Rights Reserved.
