Monday, November 23rd, 2009 at 11:11am. 2491 Views, 1 Comments.
Comparing this month, October 2009, to last year in October, pending sales were up 64% and closed sales rose 37.1%. The inventory is also declining, with new listings down "4.5%".
Part of what is keeping sales on track is that prices have continued to decline, "The average sale price for October 2009 was down 12.6% compared to October 2008, while the median sale price declined 10.9%."
Inventory is down to an fairly balanced level of 13,101 listings which would take 6.5 months to sell at the current pace. 6 month is considered a balanced market.
If you would like further information or local market statistics specific to your neighborhood, please contact us.
All statistics are from Portland RMLS Market Action, October 2009.
Monday, November 23rd, 2009 at 11:10am. 1986 Views, 0 Comments.
It may not be the boom times of a few years ago, but the pace of
sales in the Portland Metro has actually picked up quite a bit from
September of last year. "Pending sales were up 34.1% and closed sales
rose 9.8% compared to
September 2008." The inventory is also declining, with new listings down "14.3%".
Prices on the other hand have continued to decline, "The average sale price for September 2009 was down 8% (to 290,100 vs 315,300) compared to September 2008, while the median sale price declined 9.6% (to 241,400 vs 267,000)/
Inventory is down to an almost balanced level 13,667 listings which would take 7.6 months to sell at the current pace. 6 month is considered a balanced market.
If you would like further information or local market statistics…
Wednesday, November 4th, 2009 at 12:43pm. 2211 Views, 0 Comments.
We have added a new feature to our quick search on the homepage. Now, when you type in the name of a city or neighborhood it will offer a menu of choices to help you quickly find the city of your choosing.
Note that if you have previously visited our site then you will want to refresh the page by pressing the F5 key to ensure that the new site is loaded correctly.
Wednesday, October 7th, 2009 at 9:38am. 2469 Views, 1 Comments.
As you may have noticed, we've added a number of updates to the website in the last few days. These features are driven by our goal to continue to provide the best website in the Northwest for your real estate search. Here's what we've done:
- Larger photos- because we all love pretty pictures.
- Faster photo scrolling- nobody likes to wait.
- Get Local- our new "get local" tab offers maps of neighborhood amenities and demographics information
For those of you who are regulars to our website, you may need to "refresh" or "reload" the page for listings details to display correctly. A shortcut to do this is to press the "F5" key when viewing one of our listing details pages.
As always, keep in touch with your questions or concerns and feel free to contact…
Tuesday, September 15th, 2009 at 10:07am. 2323 Views, 0 Comments.
Residential sales activity for the month of August 2009 was busier then last year with Pending sales up 13% and closed sales up 4%, however, new listings fell 14.1% and the median price for the trailing 12 months was down -9.4% to $255,000 vs. 281,600 in 2008.
Year-to-date numbers "comparing January-August 2009 with the same period in 2008, closed sales are down 15.6% and pending sales decreased 7.2%. New listings also dropped 22.4%."
Across the Columbia river in Vancouver / Clark County, "compared to the same month last year, pending sales rose 24.9% this August and closed sales increased 11.1%. New listings, on the other hand, dropped 21.4%.
If you would like further information or market statistics, please contact us.
All statistics are from RMLS…
Monday, July 20th, 2009 at 2:42pm. 2694 Views, 1 Comments.
The Portland market warmed up a little bit with the wonderfully sunny weather we've been enjoying and the continued low interest rates that are available.
Here's some highlights from the report:
"This June, same-month pending sales were up for the first time since December 2006 in the Portland metro area, and inventory reached its lowest point since August 2007.
Comparing June 2009 with the same month in 2008, pending sales were up 8.4%, while closed sales decreased 5.4%. New listings also dropped 18.3%.
The average sale price for June 2009 was down 14% compared to June 2008, while the median sale price also dropped 13.5%."
Please contact us if you would like more market statistics and information.
Monday, June 15th, 2009 at 8:32pm. 2590 Views, 0 Comments.
As part of JMA Properties commitment to staying at the forefront of real estate technology we are re-launching our website with a new look, and lots of new features. Here are some of the exciting changes we have made:
- Larger Photos
- Neighborhood Search
- Sort your search results by lowest or highest price
- We've added a blog (which you are now reading)
- And lots more for you to explore!
As always, we appreciate your continued support and we look forward to giving you frequent updates on the local real estate market.