April 22, 2011

Portland Real Estate By RMLS Area - March 2011

 

Here are the numbers for the each of Portland Metro Real Estate areas from RMLS for the month of March 2011. All areas had at least a 2% decrease in over the previous 12 months except for Northeast Portland which only had a .04% decrease. 

Portland Real Estate By RMLS Area

Area YTD Avg.
Sale Price
YTD Median
Sale Price
12-Mo. Change Total Mkt
Time*
Lake Oswego / West Linn $386,500 $349,500 -11.0% 232
West Portland & Downtown $378,400 $322,000 -2.7% 164
NW Washington County $325,200 $308,900 -2.5% 150
Tigard / Tualatin / Sherwood / Wilsonville $278,700 $253,900 -5.5% 188
Northeast Portland $261,900 $217,000 -0.4% 130
Milwaukie / Clackamas $239,400 $222,300 -8.8% 113
Oregon City / Canby $211,800 $200,000 -10.7% 182
Gresham / Troutdale $207,000 $174,900 -5.0% 147
Southeast Portland $205,400 $170,000 -2.6% 120
North Portland $203,100 $190,000 -5.3% 148
Beaverton / Aloha $201,800 $182,000 -3.3% 147
Hillsboro / Forest Grove $199,500 $181,700 -11.1% 156
Yamhill County $177,300 $165,000 -2.3% 180
Columbia County $164,300 $155,000 -9.7% 174

The median and average sale prices are year-to-date. The 12-change percentage is a 12-month average compared to the previous 12-month average.

March 2011 Market Summary

  March 2011 Last Month -
February 2011
Last Year -
March 2010
Median Sale Price $215,000 $213,700 $238,900
Average Sale Price $261,100 $244,500 $280,300
Closed Sales 1,615 1,074 1,799
Pending Sales 2,012 1,592 2,402
New Listings 3,056 2,883 4,987
Active Listings 11,458 11,746 14,042
Distress Sales 42% 46%  
Total Market Time * 161 days 177 days 142
Inventory (in months) 7.1 10.9 7.8

 

 

Rich Peralta is a real estate professional in the Portland Metro Area, including Lake Oswego and  West Linn Real Estate.

He can be reached at 503.961.2181 or by e-mail at rich.peralta@exprealty.com

Contact him  for more information on PortlandLake Oswego & West Linn Real Estate!

 

 

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