MARKET UPDATE: February 2012

RMLS of Portland Market Action Report February 2012

February Residential Highlights
“While there were fewer active and new listings on the market, sales activity in Metro Portland showed an improvement in both pending and closed sales in February 2012. Also notable in February was a decrease in inventory, down from 7.0 last month and the lowest February inventory since 2007. Closed Sales were up 17.5% in February 2012 compared to February 2011. Pending sales grew 32.5%, and new listings dropped 13.6%. Comparing the previous month of January 2012 with February 2012, closed sales grew from 1,224 to 1,262 (3.1%). Pending sales also increased from 1,823 to 2,109 (15.7%). New listings dropped from 2,613 to 2,492 (-4.6%).
Sale Prices
“Average sale price for February 2012 rose 4.3% compared to February 2011. Median sale price fell 1.3%. Month to month, comparing January 2012 to February 2012, average sale price went up from $249,100 to $255,100 (2.4%) and the median sale price rose from $207,500 to $211,000 (1.7%).”

To view the full RMLS Market Action Report For February 2012 – Click Here

If you’d like to find out more about the Portland real estate market on market conditions in your neighborhood please contact me at 503.477.0759 or browse my website at www.RuthPriceProperties.com
Thank you for visiting –
Ruth Price

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NEW: Bright & Cheery Alameda Bungalow

New on the market! This bright and cheery Alameda bungalow has had extensive updates and is move in ready with large rooms, a great layout and hardwood floors throughout. Enjoy an open floor plan with an ample living room centered around a wood fireplace and a dining room that opens to the renovated gourmet kitchen. There is plenty of room in the bright kitchen which has lots of cabinets, slab granite counters, double ovens and a cooktop. The spacious bedroom on main floor can function as a home office or a guest suite. The second floor has two bedrooms with a huge walk-in closet and a spa like bathroom which features a tile shower, travertine floors, soaker tub and lots of natural light. Additional living space can be found in the partially finished basement with a family room and half bath. This is a great neighborhood close to shopping, schools and public transportation.

3434 NE Alameda St – Portland OR

2,774 SF | 3 Bed | 2.1 Baths | Offered at $549,000 | RMLS#12526300

To find out more information about this home visit my website: www.RuthPriceProperties.com/12526300 or call me at 503.497.5328

 

NEW: Westmorland Cottage

Take a look….. Sweet Westmorland/Sellwood cottage with a fantastic private yard!!! Good bedroom separation, partly finished basement with tv room, new carpet & paint, vinyl windows, hardwood floors, remodeled bath, new kitchen appliances and detached garage. Large yard, with lots of plants/trees, privacy – a gardener’s dream.

Location: 5857 SE 23rd Ave, Portland OR

Price: $319,280

ML#11544684

For more information or to schedule a showing visit my website – www.RuthPriceProperties.com


November 2009 Real Estate Market Stats – Portland Oregon

November 2008 – Residential Homes Snapshots  
Portland Neighborhood Average Sales Price This Month YTD Average Sales Price Total Days on Market % Change in Value
North Portland $229,800 $266,100 120 0.10%
NE Portland $286,200 $32,200 98 0.50%
SE Portland $256,300 $276,800 109 -3.10%
West Portland $447,000 $480,700 145 4.20%
* % Change is based on a comparison of the rolling average sale price for the last 12 months with 12 months before

Portland Metro Area total months of inventory 15.00

City Of Portland total months of inventory 12.5 

All Stats Provided by RMLS (Market Action Report – November 2008)

To view the complete report available please click on the link below.

Click To View Full Report

 

Contact Ruth Price – broker with the Hasson Co. Realtors – for more information about the market, to find out your home’s value or with questions.

503.802.8845 or pricer@hasson.com

 

GREAT NEWS FOR PORTLAND’S FIRST TIME HOME BUYERS

Portland, OregonRecently the federal government has passed a bill giving first time home buyers up to a $7,500 credit if they purchase their new home between now through June 2009. A first time home buyer is anyone that has not owned a home in the last three years. For more information and frequently asked questions and qualificationsClick Here

If you are a first time home buyer and are thinking about investing in a home this might be a good time to start looking. The tax credit coupled with low interest rates and lots of homes on the market = OPPORTUNITY!

 

Contact me, Ruth Price – Broker with the Hasson Company Realtors, with any questions regarding the real estate market in the Portland area. I can be reached at 503.802.8845 or at pricer@hasson.com

To learn more about my business visit my website at http://www.RuthPriceProperties.com

Photo By PDX Vtours

October 2008 Real Estate Market Stats – Portland Oregon

 

 October 2008 – Residential Property

Portland Neighborhood

Average Sales Price This Month

YTD Average Sales Price

Total Days on Market

% Change in Value *

North Portland

$252,700

$268,400

91

2.20%

NE Portland

$316,600

$324,300

89

2.00%

SE Portland

$270,000

$278,200

96

-2.20%

West Portland

$466,000

$482,900

155

5.00%

* % Change is based on a comparison of the rolling average sale price for the last 12 months with 12 months before

 

 Portland Metro Area total months of inventory 11.1

 

 All Stats Provided by RMLS (Market Action Report – October 2008)

 To view the complete report available please click on the link below.

 http://www.rmlsweb.com/temp%2Fdocuments%2F1500-1699%20Market%20Action%20and%20Statistics%20Menu%2F1510%20Market%20Action%20-%20October%202008.pdf

 

 Contact me, Ruth Price – Broker with the Hasson Company Realtors, with any questions regarding the real estate market in the Portland area. I can be reached at 503.802.8845 or at pricer@hasson.com

 

 To learn more about my business visit my website at http://www.RuthPriceProperties.com

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