May 23, 2011

Portland Real Estate RMLS Area Comparison For April 2011

Stacking each each of the designated RMLS areas up against each other(from the April 2011 Portland Real Estate Market Update), you can see that Lake Oswego / West Linn may have the highest average sales price but they also have the largest drop in 12 month change in value.

Portland Metro Area Real Estate Market Data by RMLS Area

Area YTD Avg.
Sale Price
YTD Median
Sale Price
12-Mo. Change Total Time
on Market
Lake Oswego / West Linn $399,400 $350,000 -12.7% 198
West Portland & Downtown $388,100 $332,800 -1.5% 156
NW Washington County $342,900 $308,900 -1.8% 123
Tigard / Tualatin / Sherwood / Wilsonville $274,400 $253,000 -5.5% 167
Northeast Portland $266,900 $218,500 -0.3% 160
Milwaukie / Clackamas $240,000 $218,900 -7.6% 179
Oregon City / Canby $218,500 $205,100 -10.6% 183
North Portland $207,700 $195,600 -5.6% 143
Southeast Portland $206,200 $170,900 -4.0% 129
Beaverton / Aloha $205,300 $188,000 -6.2% 151
Hillsboro / Forest Grove $199,600 $184,500 -11.0% 125
Gresham / Troutdale $198,200 $172,500 -5.9% 127
Yamhill County $178,800 $165,000 -6.2% 155
         

Portland Real Estate Market Data for April 2011

  April 2011 Last Month -
March 2011
Last Year -
April 2010
Median Sale Price $219,900 $215,000 $240,000
Average Sale Price $267,300 $261,100 $282,100
Closed Sales 1,611 1,615 1,941
Pending Sales 2,005 2,012 2,991
New Listings 3,099 3,056 4,713
Active Listings 11,621 11,458 14,182
Distress Sales      
37% 42% 31%
Total Time on Market 153 days 161 days 127 days
Inventory (in months) 7.2 7.1 7.3

 

 

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

Originally posted on West Linn Real Estate.

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