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March 2007 Portland Home Appreciation Report


March 2007 Portland Home Appreciation Report

Saturday, March 31st, 2007

Metro Portland Area

Yr to date

Avg Price

Avg Mkt Days Avg Appreciation
North Portland $256400 54 13.9%
NE Portland $308300 54 11.5%
SE Portland $293500 51 14.7%
Gresham / Troutdale $284900 75 14.6%
Milwaukie / Clackamas $340000 64 15.5%
Oregon City / Canby $312100 77 12.2%
Lake Oswego / West Linn $523900 72 13.1%
West Portland $468400 65 8.2%
NW Portland / Washington County $435200 62 8.4%
Beaverton / Aloha $295100 78 9.7%
Tigard / Wilsonville $376900 58 6.2%
Hillsboro / Forest Grove $301800 70 14.5%

Data: March 31, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in March 2007 grew another 12.2% for from the same period in March last year. This follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation overall. However, here’s a cautious note: the number of new listings went up by 24% and closed sales declined by almost 10%. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

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. Contact Max 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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February 2007 Portland Home Appreciation Report


February 2007 Portland Home Appreciation Report

Wednesday, February 28th, 2007

Metro Portland Area

Yr to date

Avg Price

Avg Mkt Days Avg Appreciation
North Portland $261800 60 15.9%
NE Portland $301600 55 13.3%
SE Portland $265700 55 14.5%
Gresham / Troutdale $275000 72 15.1%
Milwaukie / Clackamas $357500 69 19.1%
Oregon City / Canby $318500 81 13.4%
Lake Oswego / West Linn $533700 67 15.0%
West Portland $405300 70 7.0%
NW Portland / Washington County $352900 84 8.3%
Beaverton / Aloha $281400 61 11.2%
Tigard / Wilsonville $378600 66 8.0%
Hillsboro / Forest Grove $295800 57 15.1%

Data: February 28, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in Feb 2007 follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation of 12.8% overall. However, here’s a cautious note: the number of new listings went up by 18.9% and closed sales declined by 7.9%. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

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. 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.


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January 2007 Portland Home Appreciation Report


January 2007 Portland Home Appreciation Report

Wednesday, January 31st, 2007

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $255800 60 16.4%
NE Portland $284200 59 14.4%
SE Portland $261800 56 16.2%
Gresham / Troutdale $293700 78 15.7%
Milwaukie / Clackamas $368200 84 19.8%
Oregon City / Canby $317300 58 14.4%
Lake Oswego / West Linn $586100 69 15.3%
West Portland $390800 61 8.9%
NW Portland / Washington County $329500 67 8.6%
Beaverton / Aloha $282300 58 11.6%
Tigard / Wilsonville $371700 65 8.2%
Hillsboro / Forest Grove $313600 64 15.6%

Data: January 31, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

The Portland real estate market started off with a cautious tone at the beginning of 2007. We’re still seeing some healthy appreciation of 16% overall. The actual closed and pending sales actually went down as compared to last year of the same period. This signifies that our property market is hot, but it’s unlikely to be as hot as the previous two years. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

In January 2007, the number of closed saled decreased by 9.4% and pending sales fell by 2.2%. These numbers are still within a resonable tolerance level given the slower winter months.

From the encouraging results in January, wWe estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% to 12% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

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. 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.


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December 2006 Portland Home Appreciation Report


December 2006 Portland Home Appreciation Report

Sunday, December 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $253700 50 17.5%
NE Portland $295800 56 15.4%
SE Portland $280500 52 15.8%
Gresham / Troutdale $289200 59 15.2%
Milwaukie / Clackamas $374800 61 20.3%
Oregon City / Canby $370800 73 15.6%
Lake Oswego / West Linn $454100 55 16.7%
West Portland $467500 55 10.3%
NW Portland / Washington County $341600 47 7.6%
Beaverton / Aloha $273200 51 12.7%
Tigard / Wilsonville $363000 47 8.6%
Hillsboro / Forest Grove $306800 50 15.9%

Data: December 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

2006 has been an interesting year. The first 6 months started off with a big bang. The market experienced huge increases in almost every price category. Then Intel announced the big layoff, coupled with the rapidly cooling national market, the Portland real estate market slows down somewhat during the second half of the year.

Despite the gradual market correction in Portland real estate, Portland home prices appreciated by another 14% in December 2006 over the same period last year. Our real estate market continues to buck the national trend. Considering the national average at 2.9%, Portland is doing extremely well.

In December, our home inventory suddenly shrank to 4.5 months from about 5.5 to 6 months in the previous months. Fewer homes on the market means a tighter supply. This is likely to apply pressure on prices to rise.

The overall average sale price for the year of 2006 is $322,600 with a median price at $270,500. Compared with the average home price in 2005 at $282,900, the Portland real estate market broke the $300,000 mark in no time.

We estimate that the 2007 real estate market will continue to be strong for Portland. However, we are still projecting a slower growth rate at around 10% instead of 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

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. 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.


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November 2006 Portland Home Appreciation Report


November 2006 Portland Home Appreciation Report

Tuesday, October 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $245300 38 19.7%
NE Portland $305700 36 16.9%
SE Portland $272700 46 15.5%
Gresham / Troutdale $273100 50 14.3%
Milwaukie / Clackamas $377600 51 21.2%
Oregon City / Canby $332100 51 17.8%
Lake Oswego / West Linn $531800 53 18.2%
West Portland $442700 51 11.4%
NW Portland / Washington County $389300 36 10.7%
Beaverton / Aloha $266000 37 14.2%
Tigard / Wilsonville $349900 58 12.5%
Hillsboro / Forest Grove $289700 38 15.6%

Data: October 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In October 2006, the Portland real estate prices appreciated by an average of another 15% over the same period last year. Our home supply, however, has gone up considerably. New listings are up 14.9%, closed sales dropped 12.6% and pending sales also dropped 12.6%. These are clear signs that our prices are going to stablize and giving buyers a break in rising prices. In fact, according to the National Association of Realtors, Portland homes are affordable again.

This certainly is great news to buyers. For one, there’re more homes to choose from without having to get into bidding wars like what we’ve seen the last 2 years. Interest rates are still at all time low, so buyers can get more home for the same buck.

Sellers finally recognized that they couldn’t continue to demand high prices without being one of the best homes in the neighborhood. How exactly should sellers move their homes then when the market seems to be cooling off? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

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 Buyer Services. Contact Max 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.


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October 2006 Portland Home Appreciation Report


October 2006 Portland Home Appreciation Report

Saturday, September 30th, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $241800 33 21.3%
NE Portland $292500 35 16.8%
SE Portland $274600 33 15.8%
Gresham / Troutdale $277600 49 14.2%
Milwaukie / Clackamas $375300 48 20.0%
Oregon City / Canby $346300 40 16.3%
Lake Oswego / West Linn $596600 54 18.3%
West Portland $440300 44 12.1%
NW Portland / Washington County $410500 40 12.2%
Beaverton / Aloha $271900 30 15.1%
Tigard / Wilsonville $374100 47 15.4%
Hillsboro / Forest Grove $288900 34 16.7%

Data: September 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In September 2006, the Portland real estate prices appreciated by an average of another 15.4% over the same period last year. Our home supply, however, has gone up considerably. New listings are up over 14%, closed sales dropped almost 25% and pending sales also dropped close to 19%. These are clear signs that our prices are going to stablize and giving buyers a break in rising prices.

Having said that, the table hasn’t turned completely to a buyer’s market quite yet. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

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 Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Max 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? We can help. Click here.


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

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September 2006 Portland Home Appreciation Report


September 2006 Portland Home Appreciation Report

Thursday, August 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $243400 32 21.4%
NE Portland $308700 32 17.3%
SE Portland $264500 30 16.6%
Gresham / Troutdale $287700 38 13.9%
Milwaukie / Clackamas $367800 49 19.7%
Oregon City / Canby $316900 46 16.4%
Lake Oswego / West Linn $575700 47 18.9%
West Portland $433100 38 12.0%
NW Portland / Washington County $440100 37 14.9%
Beaverton / Aloha $272400 25 16.3%
Tigard / Wilsonville $361300 46 20.8%
Hillsboro / Forest Grove $293500 38 18.6%

Data: August 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In August 2006, the Portland real estate prices appreciated by an average of another 16.4% over last year. This is despite the fact that the number of new listings increased 9.6%. Both closed and pending sales decreased by about 20% respectively.

These are clear signs that the Portland real estate market is changing towards a buyer’s market. Still, the table hasn’t turned completely. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

This certainly is good news to buyers. In the past years, buyers have to battled through multiple offers and competing deals. Now that more homes are available for selection, sellers are beginning to make more concessions. We’re reaching more of a balanced housing economy.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

To search for your home in anywhere in the Metro Portland area, use our FREE Exclusive 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 Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Max 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? We can help. Click here.


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July 2006 Portland Home Appreciation Report


July 2006 Portland Home Appreciation Report

Monday, July 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $261800 26 22.8%
NE Portland $315300 29 17.5%
SE Portland $271300 31 17.3%
Gresham / Troutdale $266000 37 15.4%
Milwaukie / Clackamas $361100 40 19.7%
Oregon City / Canby $310400 51 17.7%
Lake Oswego / West Linn $544200 46 17.1%
West Portland $446800 46 13.9%
NW Portland / Washington County $448800 27 16.0%
Beaverton / Aloha $288900 36 17.6%
Tigard / Wilsonville $348200 35 24.3%
Hillsboro / Forest Grove $280500 40 19.9%

Data: July 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In July 2006, the Portland real estate prices appreciated by an average of another 17.4% over last year. This is despite the fact that the number of new listings increased 11.4% and pending sales decreased almost 21%.

These are clear signs that the market is changing towards a buyer’s market. The table hasn’t turned completely yet. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

This certainly is good news to buyers. In the past years, buyers have to battled through multiple offers and competing deals. Now that more homes are available for selection, sellers are beginning to make more concessions. We’re reaching more of a balanced housing economy.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

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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June 2006 Portland Home Appreciation Report


June 2006 Portland Home Appreciation Report

Friday, June 30th, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $238500 25 22.2%
NE Portland $319500 29 17.8%
SE Portland $271500 37 17.8%
Gresham / Troutdale $287400 43 15.2%
Milwaukie / Clackamas $346700 44 19.4%
Oregon City / Canby $343900 53 21.0%
Lake Oswego / West Linn $549700 41 14.5%
West Portland $444900 33 14.1%
NW Portland / Washington County $429500 35 14.8%
Beaverton / Aloha $292300 36 17.2%
Tigard / Wilsonville $353700 48 26.1%
Hillsboro / Forest Grove $282300 35 20.0%

Data: June 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In June 2006, the Portland real estate prices appreciated by an average of another 17.4% over last year. This is despite the fact that our property inventory has climbed to over 8,500 available homes for sale and new listings has increased 11.8%. Closed sales has also dropped 9.3%.

These are clear signs that the market is changing somewhat – from a totally seller’s market the last several years to a buyer’s market. The table hasn’t turned completely yet. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

This certainly is good news. In the past years, buyers have to battled through multiple offers and competing deals. Now that more homes are available for selection, sellers are beginning to make more concessions. We’re reaching more of a balanced housing economy.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

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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May 2006 Portland Home Appreciation Report


May 2006 Portland Home Appreciation Report

Wednesday, May 31st, 2006

Metro Portland Area

Current Avg Price Avg Mkt Days Avg Appreciation
North Portland $243000 30 21.5%
NE Portland $298100 31 17.8%
SE Portland $258900 39 17.3%
Gresham / Troutdale $247600 46 13.3%
Milwaukie / Clackamas $341100 46 20.9%
Oregon City / Canby $314900 41 20.1%
Lake Oswego / West Linn $510300 47 13.7%
West Portland $452100 37 14.5%
NW Portland / Washington County $382900 32 15.6%
Beaverton / Aloha $276600 37 16.9%
Tigard / Wilsonville $350800 51 27.9%
Hillsboro / Forest Grove $271700 44 20.3%

Data: May 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In May 2006, the Portland real estate prices appreciated by an average of a whopping 17.4% over May 2005. Given our current rate of sales, our inventory will last for only 41 days. 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 6.6% and 5.1% (an improvement from April 2006) respectively. 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 May data is still phenonmenal by any standard.

The Portland May 2006 market continues to show cautious strength. Homes under the $500,000 mark are still selling 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. Tigard and Wilsonville, in particular, are showing phenomenal growth strength. Appreciation in these two areas have reached almost 28% in one year.

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 Max 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 home buying and selling needs.

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