Archive for the ‘Market conditions’ Category

April 2006 Portland Home Appreciation Report

Sunday, April 30th, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $259800 27 21.6%
NE Portland $304900 31 17.7%
SE Portland $272200 35 17.0%
Gresham / Troutdale $254000 47 14.7%
Milwaukie / Clackamas $352200 55 21.4%
Oregon City / Canby $332100 52 18.7%
Lake Oswego / West Linn $495400 39 13.7%
West Portland $468500 43 14.4%
NW Portland / Washington County $413600 43 13.6%
Beaverton / Aloha $277300 34 14.8%
Tigard / Wilsonville $379300 37 27.5%
Hillsboro / Forest Grove $279400 39 19.2%

Data: April 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In April 2006, the Portland real estate prices appreciated by an average of 16.8% over March 2005. Given our current rate of sales, our inventory will last for only 2.4 months. Though the market still appears to be tight, there’s some sign of the market entering a stablization phase. The number of closed and pending sales decreased 9.1% and 11.7% respectively as compared to the April 2005 data. Having said that, we do need to analyze this information carefully. 2005 was an exceptional year by any means in the history of our real estate market. Our April data is still phenonmenal by any standard.

Homes under the $500,000 mark are still selling super fast across the Portland Metro area. Much of the slower sign is coming from exclusive homes in the $650,000 and above range. As mortgage interest rates rise, more home shoppers will also be more inclined to find homes as soon as possible. The outlook of our real estate market in Portland remains strong.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

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March 2006 Portland Home Appreciation Report

Friday, March 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $246,900 35 20.6%
NE Portland $293,500 38 18.1%
SE Portland $248,700 39 15.9%
Gresham / Troutdale $252,600 49 14.5%
Milwaukie / Clackamas $352,900 60 20.4%
Oregon City / Canby $308,600 43 19.3%
Lake Oswego / West Linn $506,300 47 15.6%
West Portland $417,400 43 13.8%
NW Portland / Washington County $382,600 42 13.5%
Beaverton / Aloha $276,300 39 15.6%
Tigard / Wilsonville $360,700 41 27.1%
Hillsboro / Forest Grove $272,600 45 19.5%

Data: March 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In March 2006, the Portland real estate prices appreciated by an average of 16.4% over March 2005. Given our current rate of sales, our inventory will last for only 2 months. This, as compared to the Feb 2006 data of 2.7 months, our market appears to be still tight.

Given the number of new constructions in the market, the number of closed sales, as compared to the same period in 2005, decreased 6.7% while the number of new listings increased just a slight 0.8%. Though there seems to be some indication of relief in rising housing prices, the summer months ahead of us will bring in more buyers fighting for homes. As mortgage interest rates rise, more home shoppers will also be more inclined to find homes as soon as possible. The outlook of our real estate market in Portland remains strong.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.


Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

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February 2006 Portland Home Appreciation Report

Tuesday, February 28th, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $229,100 30 20.0%
NE Portland $294,800 34 17.1%
SE Portland $269,000 43 15.4%
Gresham / Troutdale $247,900 50 13.1%
Milwaukie / Clackamas $325,900 56 17.9%
Oregon City / Canby $308,300 46 19.6%
Lake Oswego / West Linn $492,000 48 15.2%
West Portland $434,100 51 15.9%
NW Portland / Washington County $367,500 46 14.1%
Beaverton / Aloha $263,600 39 13.6%
Tigard / Wilsonville $339,000 43 25.6%
Hillsboro / Forest Grove $263,400 41 18.7%

Data: February 28, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In February 2006, the Portland real estate sales numbers are up again. The number of closed sales, as compared to the same period in 2005, increased 2.2%. At the same time, the number of listings (homes available for sale) dropped 6.9%. Our housing inventory is getting tighter by the day. Home owners are not accepting any kind of “low ball” offer. This is indicated by the significant decrease in the number of accepted offered (an 11.3% drop in accepted offers).

At the current rate of supply and demand, our inventory will last only 2.7 months. This is a very low number as we’re just entering into our high season. The average time to market a home has also shrinked by 19%. Literally, homes are “flying off the listings”.

In February 2006, the Portland market appreciation averages to be 16%. From all the indication of both the January and February data, we can conclude that our real estate market is likely to ride as high as 2005, if not higher. If you’re thinking of buying a home, get in the market quickly before it’s priced out of reach.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.


Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

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January 2006 Portland Home Appreciation Report

Tuesday, January 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $238,600 39 18.90%
NE Portland $275,100 36 16.00%
SE Portland $230,500 39 14.40%
Gresham / Troutdale $243,400 47 12.90%
Milwaukie / Clackamas $319,800 49 16.80%
Oregon City / Canby $313,700 50 18.90%
Lake Oswego / West Linn $542,100 51 15.80%
West Portland $428,800 51 14.30%
NW Portland / Washington County $319,200 24 13.60%
Beaverton / Aloha $258,100 34 13.90%
Tigard / Wilsonville $330,700 40 25.00%
Hillsboro / Forest Grove $278,700 49 17.40%

Data: January 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

2006 opens the Portland real estate season with a whopping 16.8% average appreciation as compared to the same month last year. The median sale price increased by 18.9%. These figures are indicative of another year of high growth in the Portland area. And, January is typically a slower month for real estate activities. To hit such high appreciation rate, our real estate market is absolutely phenomenal.

County wise, the highest growth came from both the Clackamas and the Washington counties. The growth rates are 16.5% and 16.7% respectively. Given the faster economic growth and the high number of companies located in these two counties, this growth rate is to be expected.

At the end of January 2006, there were over 5,500 active residential listings on the market pushing the inventory ratio to a higher 3.2 months. As compared to the previous months of inventory on hand, this appears to be a bit higher. Having said that, given that January is typically a slower month for real estate, this number should decrease dramatically over the next couple of months to create another tight market.

Our January market signals a good sign for both home owners and investors alike. There’s been so much talk in the last few months about a real estate bubble. Our January result continues to show a strong sign of growth.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.


Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

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December 2005 Portland Home Appreciation Report

Saturday, December 31st, 2005

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $228700 33 18.10%
NE Portland $278100 28 15.80%
SE Portland $243100 36 14.60%
Gresham / Troutdale $238800 44 12.90%
Milwaukie / Clackamas $300100 44 16.80%
Oregon City / Canby $319300 43 18.90%
Lake Oswego / West Linn $480600 55 13.60%
West Portland $430700 40 14.50%
NW Portland / Washington County $361000 35 14.50%
Beaverton / Aloha $269700 33 13.60%
Tigard / Wilsonville $352400 42 24.80%
Hillsboro / Forest Grove $258300 42 17.00%

Data: December 31, 2005

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

2005 had been a phenomenal year for real estate in Oregon. As compared to the last quarter in 2004, real estate in the Portland area grew with 7.9% more new listings and 4.4% more closed sales.

Overall, appreciation of median and average home prices went up 15% for the year of 2005. The average sale price jumped from $246,000 to $282,900.

Condo prices also saw an unprecedented increase last year. Average sales prices of condo units increased by 27.2% for 2005. This is a huge jump by any standard. Just 3 years ago, condo price increases were in the negative zone.

Many people are concerned about the real estate bubble, particularly when we are seeing signs of decrease or at the least, stablizing in markets like Nevada, California and Arizona. In general, real estate market moves in a ten year cycle. Our Portland market is in our third year of boom. By theory, we should continue to enjoy healthy growth. However, a word of caution: real estate is also highly dependent upon population growth, employment rate, and expansion of the business sectors. As long as these indicators stay as healthy as they’ve been in the last 24 months, the Portland real estate market should grow steadily.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.


Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

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