March 18, 2011

Portland Real Estate Market Update - January 2011

Portland Real Estate Market Update for the first month of 2011.

Portland real estate activity levels for January 2011 is as follows: 3,128 new listings, 1,489 pending sales, 11,697 homes actively marketed with over a 1,035 homes closed.  The amount of Portland real estate sales compared to Portland homes for sale it would take 11.3 months for all of the currently listed homes to sell.
To view Portland real estate listings, click on the map.

The average sale price for Portland real estate ($248,900) sank to its lowest levels since May 2004 and median prices ($215,000) were closer to those in February 2005. The average Portland real estate is now $106,000 less than it did in the summer of 2008. January is a low volume month for Portland real estate and may have an effect on the data.


Below is Portland real estate average sales prices by (MLS) market area. Please note that average sale prices are year-to-date, so they are only using one month of data. in a few months we will see those numbers settle out into their normal patterns. Also these numbers are for closed sales, so they likely reflect transactions that went pending in late 2010.
$193,300 - Gresham, Troutdale
$198,800 - Southeast Portland real estate
$201,800 - Beaverton, Aloha
$207,600 - Hillsboro, Forest Grove
$208,300 - North Portland real estate
$209,500 - Oregon City, Canby
$247,400 - Milwaukie, Clackamas, Happy Valley
$280,700 - Northeast Portland real estate
$282,300 - Tigard, Tualatin real estate, Sherwood, Wilsonville real estate
$319,800 - Northwest Washington County
$358,500 - West Portland real estate
$390,000 - Lake Oswego real estateWest Linn real estate

Click here for more information on Portland and Lake Oswego Real Estate!

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

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

Originally posted on West Linn Real Estate.

 

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