Real Estate Blog

December Residential Highlights

Looking at the Portland Metro area market in 2010, December continued the trend of decreased activity toward the end of the year. However, closed sales underwent an uptick in December, reaching the highest monthly level since June. Inventory also saw its lowest level since June. Closed sales were down 2.9% compared to December 2009, but pending sales were up 6%. New listings dropped 8.5%.

Comparing the previous month of November 2010 with December 2010 shows closed sales jumped from 1,279 to 1,462 (14.3%). However, pending sales fell from 1,426 to 1,210 (-15.2%), and new listings dropped from 2,437 to 1,925 (-22.2%). At the month’s rate of sales, the 11,611 active residential listings would last about 7.9 months, a 2.3-

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November Residential Highlights

The Portland Metro area market continued to show decreases in activity in November. However, while closed sales were the lowest since February of this year, they decreased by only 1% from the previous month. Pending sales were also higher than November of the past two years. Closed sales were down 28.7% compared to November 2009, but pending sales were up 7.4%. New listings dipped down 1%.

Comparing the previous month of October 2010 with November 2010 shows closed sales decreased from 1,292 to 1,279 (-1%). Additionally, pending sales fell from 1,632 to 1,426 (-12.6%), and new listings dropped from 3,119 to 2,437 (-20.7%). At the month’s rate of sales, the 13,103 active residential listings would last approximately 10.2

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Beautiful Vancouver Heights Home for Sale

716 SE Sherley Court, Vancouver, Washington

Premier 0.52 acre lot located at end of quiet cul-de-sac. 

flyer_front_1200  
  
Entertainer's kitchen with:
  • Granite slab countertops;
  • Island with bar sink and breakfast bar seating;
  • Built-in refrigerator;
  • New solid oak cabinetry;
  • Stainless steel appliances;
  • Gas 5-burner cooktop; 
  • Undermount sink;
  • Double wall convection ovens;
  • Built-in desk.

  
Gracious floorplan features: 
  • 2,950 square feet all on one level;
  • Attached 2 car garage;
  • 4 oversized bedrooms plus bonus room;
  • 3 bathrooms; 
  • Gas forced air heating;
  • Central air conditioning;
  • Jetted tub;
  • Dual sinks; 
  • Utility room with sink, built-in cabinetry and windows;
  • Vaulted
13,141 Views, 1 Comment

When I started in Real Estate a decade ago foreclosures were few and far between, and were certainly not something you would find in any neighborhood that you wanted to live in.  It is a whole different ball game now, with short sales and foreclosures making up a huge bulk of the sales.  There are pro's and con's to buying a foreclosure or a short and I love having a chance to discuss it with homebuyers.  Of all the news and uncertainty surrounding the housing market these days one thing is for sure; foreclosures will likely be a dominant force in the market for the foreseeable future. Here is a link to an interesting article on Forbes magazine discussing the new rise in strategic defaults and some predictions on the comeback of a more 'normal' market. …
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October Residential Highlights

Comparing October 2010 to October 2009, closed sales decreased by 35.7%. Pending sales and new listings also fell by 21.5% and 9.4%, respectively. The number of closed sales and new listings are the lowest they have been in October in a comparison of the past three years (see graphs on pages 3 and 4). A comparison of October 2010 with the previous month, September 2010, shows closed sales decreased by 7.7% (1,292 v. 1,399). Additionally, pending sales grew by 3% (1,632 v. 1,584), and new listings fell by 12.1% (3,119 v. 3,549). At the month’s rate of sales, the 13,805 active residential listings would last approximately 10.7 months. Inventory in October 2010 rose by 4.2 months compared to October 2009 (6.5 months).

Sale

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September Residential Highlights

Comparing September 2010 to September 2009, closed sales decreased by 22.3%. Pending sales and new listings also fell by 30.7% and 1.4%, respectively. See residential highlights table below. A comparison of September 2010 with the previous month, August 2010, shows closed sales increased by 1.3% (1,399 v. 1,381). However, pending sales dropped by 6.2% (1,584 v. 1,688), and new listings fell by 7.3% (3,549 v. 3,829). At the month’s rate of sales, the 14,714 active residential listings would last approximately 10.5 months.

Sale Prices

The average sale price for September 2010 declined 3.5% compared to September 2009. The median sale price also fell 0.6%. On a month-to-month basis, comparing September 2010 to August 2010,

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August Residential Highlights

A comparison of sales activity in the Portland metro area in August 2010 with August 2009, shows that closed sales decreased 25%. Pending sales also dropped 21.7%, while new listings rose 1.3%. See residential highlights table below. On a month-to-month basis, when comparing August 2010 to July 2010, closed sales fell 2.2% (1,381 v. 1,412), while pending sales grew 3.6% (1,688 v. 1,629). New listings also fell 5% (3,829 v. 4,029). At the month’s rate of sales, the 15,200 active residential listings would last approximately 11 months.

Sale Prices

The average sale price for August 2010 inc reas ed 1% compared to August 2009, while the median sale price stayed the same. See residential highlights table below. When comparing

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July Residential Highlights

When comparing sales activity in the Portland metro area in July 2010 to the same time last year, July 2009, closed sales declined 29%. Pending sales also decreased 24.9% and new listings rose 3.1%. See residential highlights table below. On a month-to-month basis, when comparing July 2010 to June 2010, closed sales fell 29.8% (1,412 v. 2,012), while pending sales grew 0.7% (1,629 v. 1,618). New listings also fell 0.5% (4,029 v. 4,049). At the month’s rate of sales, the 15,271 active residential listings would last approximately 10.8 months.

Sale Prices

The average sale price for July 2010 increased 2.9% compared to July 2009, while the median sale price went down 1.6%. See residential highlights table below. When

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June Residential Highlights

While inventory continued to stay low in the Portland Metro area, sales activity saw both increases and declines. When comparing June 2010 with June 2009, closed sales increased 13.3%. Pending sales and new listings fell 25.2% and 4.9%, respectively. Comparing June 2010 with the previous month, May 2010, closed sales dropped 1.9% (2,012 v. 2,050) and pending sales grew 8.4% (1,618 v. 1,493). New listings also rose 16.3% (4,049 v. 3,482). At the month’s rate of sales, the 14,752 active residential listings would last approximately 7.3 months.

Sale Prices

The average sale price for June 2010 declined 3.3% compared to June 2009. The median sale price also fell 4%. On a month-to-month basis, comparing June 2010 to May 2010,

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May Residential Highlights

When comparing sales activity in the Portland metro area in May 2010 to the same time last year, May 2009, closed sales increased 43.7%. Pending sales and new listings both decreased by 24.1% and 10.2%, respectively. On a month-to-month basis, when comparing May 2010 to April 2010, closed sales grew 5.6% (2,050 v. 1,941) while pending sales fell 50.1% (1,493 v. 2,991). New listings also dropped 26.2% (3,482 v. 4,713). At the month’s rate of sales, the 14,372 active residential listings would last approximately 7 months, the lowest inventory has been since August 2007 October 2009.

Sale Prices

The average sale price for May 2010 decreased 5.5% compared to May 2009, while the median sale price also went down 4.4%. See

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