KET ACTION A Publication of RMLS, The Source for Real Estate Statistics in Your Community MONTH IN REVIEW: Metro Portland, Oregon August Residential Highlights The real estate market in the Portland, Oregon metro area perked up in August. With the exception of new listings, all measures improved compared to August 999 figures. Area Realtors listed, properties, only.% fewer than in August 999. Accepted offers were up.%, with,9 pending sales reported in August versus,8 in the same month last year. sales were up by.% (, v.,.) Unsold inventory fell to. months, down from. months in July and similar to August 999. Year-to-Date Trends With the favorable August numbers, the gap has closed somewhat between activity year-to-date in compared to the previous year. listings lag by.% (,8 v.,), accepted offers by.% (8, v. 9,) and closed sales by.% (,9 v.,). Appreciation will be something to watch in upcoming months. Comparing the months ending August with the months ending August 999, there has been a.% increase in average sales price. A year ago, appreciation stood at.%. August Reporting Period Available Inventory in Months 998 999 January 8.8 9.. February 8. 8. 8. March..8. April.9.. May.8.. June... July... August... September.. October..8 November.. December..8 RESIDENTIAL KET HIGHLIGHTS THIS LAST Metro Portland Oregon Median Price Price Market Time* August,,9,,, Year To Date,8 8,,9 98,9, August 999,,8, 9,, Year To Date, 9,, 88,, THIS LAST Clark County Washington Median Price Price Market Time* August 8 8,8 9,9 9 Year To Date,9,9,8,, 88 August 999 9, 9,9 Year To Date,,9,8,, * Due to possible reporting inconsistencies, Market Time should be used to analyze trends only.
AREA REPORT 8/ Metro Portland, Oregon RESIDENTIAL COMMERCIAL LAND MULTI-FAMILY Monthly Year-To-Date Year-To-Date Year-To-Date Year-To-Date NORTH PORTLAND Active 8 9 v999** Price -.% 8, Market Time*,8 v999** 8.% Price Median Price 9, 9, Appreciation ***see note below.% 9 Price, Price, Price, NE PORTLAND 8.% 8,,,8-9.%,9, 8,.% 9,,8 9, SE PORTLAND,8 -.%,,889, -.%,988,8,.% 9,, 8,9 GRESHAM/ TROUTDALE, -.% 8 8,,8, -.%,,,.%,9 9,,8 MILWAUKIE/ CLACKAMAS,.% 9,,8, -.8%, 88,,.% 9, 9,, OREGON CITY/ CANBY 8 8 -.% 89 9, 9,9 8 -.% 89 9,9,.%,,, LAKE OSWEGO/ WEST LINN 9 9.%, 9,9,88 -.% 9,8,.% 8,,, WEST PORTLAND,.%,,98,.8%, 9,,.%, 8 9, 99, NORTHWEST WA. 8 8.9% 9,8,,8 8.% 898,,.%,, 8,8 BEAVERTON/ ALOHA, 9.9% 9,,,89 -.%, 8,,.% 9,9,, TIGARD/ WILSONVILLE HILLSBORO/ FOREST GROVE MT. HOOD: GOV CAMP/WEMME,8 89 -.% 9.% 9.% 9, 8,9, 9,,,9, 8.%,,.%,9,8.%, 89, 9,9,8.8%.% -.8%,,8, 9,9,,, 8,, COLUMBIA.%, 98 -.% 8,8,.% 9,, 9, YAMHILL 8 88 -.% 8, 9,9 -.9% 9,,.% 8, 8,8 9,9 ION/POLK COUNTIES NO. COASTAL COUNTIES -.%.%,,9 8 8 -.% 9 9.%,,, 8,.% -.%,,,8, 9,, * Due to possible reporting inconsistencies, Market Time should be used to analyze trends only. **NEW!!! Monthly calculation added. Percent change in number of pending sales this year compared to last year. In Monthly section, comparison is August with August 999, and in Year-To-Date section, pending sale activity for the months January-August is compared with activity in January-August 999. *** Appreciation percents based on a comparison of average price for the last months with months before (9//99-8// with 9//98-8//99.) Market Action
AREA REPORT 8/ Clark County, Washington RESIDENTIAL COM / INCOME LAND BUSINESS Monthly Year-To-Date Year-To-Date Year-To-Date Year-To-Date CENTRAL VANCOUVER Active v. 999**.% Price, Market Time* 98 v. 999** Price -.% Median Price,,9 Appreciation ***see note opposite.9% Price 9, Price, Price, THE HEIGHTS -.% 9, -.%,9, 9.%,,, CASCADE PARK 8 -.9%,,89, -.%,,,.% 9, 9, CORNERS/ ORCHARDS -.%, 89 -.8%, 8,9 -.% 89, 8 9,8 HAZEL DELL 8.8%, 89 8.% 99, 8,.%,, FELIDA -9.% 9, 9-9.% 8,8,.%, 8, SALMON CREEK.%,.%, 9,9 8.% 88, CAMAS / WASHOUGAL 8 9.9%, 99.%, 8,.%, 8,9, BRUSH PRARIE / HOCKINSON 9 8.%, 9 9.%,,.9%,, RIDGEFIELD / LA CENTER 9.%,8 8 99.% 8, 9,.%,, BATTLEGROUND.%,8 8.9% 99 8,,.%, 8 9, NORTH / NE CLARK -.% 8 9,8 8 8 -.%,,9 -.9%, 8, WOODLAND -.%, 9 -.%, 8,.% 8,, COWLITZ -8.9%, 9.% 88 8,, -.%, 8,, * For explanation of starred headings, see footnotes on opposite page. MONTH IN REVIEW: Clark County, Washington August Residential Highlights There were a total of,88 Realtor broker and agent members of RMLS in Clark County, Washington at the end of August. Clark County Realtors listed 8 residential properties in August, a.% drop from the 9 new listings in August 999. There were.8% more pending sales this August with reported compared to last year. sales dipped 9.% (8 v. ). With, homes active on the market at the end of August, the available inventory was. months at the August rate of sales. Year-to-Date Trends So far this year,,9 homes have come onto the market in Clark County, Washington,.% fewer than the, listed in the first eight months of 999. At,9, pending sales trail the,9 comparable accepted offers in 999 by only.%. sales lag by.9% with,8 recorded so far in compared to,8 in 999. Comparing the months ending August with the months ending August 999 shows an appreciation of.% in the average sales price and.% in the median sales price. Market Action
ACTIVE LISTINGS - Metro o Por ortland, Oregon PENDING LISTINGS - Metro o Por ortland Oregon 9 8 9 8 Residential (,) 8 8 Residential (,9) Total (,8) This graph shows the active listings offered through RMLS for the residential and all property categories this year, with a comparison of the residential active listings last year. This graph represents monthly accepted offers in the metropolitan Portland, Oregon area over the past two years.. AVERA VERAGE SALES PRICE - Metro Por ortland, OR 9 9 8 8 AVERA VERAGE SALES PRICE - Clark County, WA 9 9 8 8 This graph represents the median sales price for all homes sold in the Portland, Oregon metropolitan area. This graph represents the median sales price for all homes sold in Clark County, Washington. (Note: Figures have been revised from previous graph to reflect more accurate data gathering procedures.) DAYS ON KET - Metro Por ortland, Oregon DAYS ON KET - Clark County, Washington 9 9 9 9 8 8 8 8 This graph represents average days on market for Metro Portland, Oregon properties from listing to accepted offer. (See footnote on page.) This graph shows average days on market for Clark Co., Washington properties from listing to accepted offer. (See footnote on page.) (Note: Figures have been revised from previous graph to reflect more accurate data gathering procedures.)
MEDIAN SALES PRICE August CLARK $,9 Woodland $, N/NE Clark County PORTLAND METRO $, Hillsboro Forest Grove $8, Yamhill County $8, North Washington County Sauvie Island $, Columbia County $, Beaverton Aloha $9, Tigard/Tualatin Sherwood Wilsonville $89,9 Ridgefield La Center $, N Portland $, West Portland $, $9, Salmon Creek $9, Felida Lake Oswego West Linn $, Cent. Vancouver $, NE Portland $, SE Portland $, Hazel Dell Minnehaha $, Heights $, Milwaukie/Gladstone/ Boring/Clackamas Estacada $8, Oregon City Canby Molalla Beavercreek $8, Battle Ground $, Corners Orch. $8, Cascade Park $, Brush Prairie Hockinson $9, Camas/Washougal $9, Gresham Troutdale Sandy Corbett Fairview $, Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
- - PORTLAND, OR NEW LISTINGS & CLOSED SALES This graph shows the new residential listings and closed sales over the past months in the greater Portland. Oregon Metro Area - - CLARK, WA NEW LISTINGS & CLOSED SALES This graph shows the new residential listings and closed sales in Clark Co., Washington (Note: Sold figures have been revised from previous graph to reflect more accurate data gathering procedures.) 9 8 - - - - - - - - SOUTHERN OREGON NEW LISTINGS & CLOSED SALES This graph shows the new residential listings and closed sales in Douglas & Coos Counties (Note: listing data prior to October 998 is not included because accurate data is not available.)
Douglas & Coos Counties Residential Market Highlights August Reporting Period Median Price Price Market Time* THIS LAST August 9,,8 Year To Date,,8,,8 9, August 999,9 9, Year To Date,8,9,, 9, There were new residential properties listed, offers accepted and sales closed in Douglas and Coos Counties in August. At the end of August, there were,9 active residential listings, 8 lots and land listings, 9 commercial and multifamily properties on the market. The unsold residential inventory is equivalent to 9. months at the current rate of sales. Comparing the most recent twelve months (September 999 through August ) with the twelve months before that, the average sales price in Douglas and Coos Counties overall rose.% and the median sales price rose.%. Area Report NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST GLIDE & EAST of SUTHERLIN & N of WINSTON & SW of MYRTLE CRK & S/SE of ROSEBG GREEN DISTRICT DOUGLAS TOTALS COOS Active vs 999*** 8 9 9 98 9 9.% 9.9% -8.% -.% -.%.%.% -.8%.%.9% 9, 8, 88, 9,,9 9, 9,,, 8,, RESIDENTIAL Price Market Time* 9 8 8 9 8 9 8 9 9 9 9 8, 9 99-9.% 8 -.% 8-8.% 9.% 8, 9, 9,.% 8, 9,.% Market Action -.%.% -.%.%.% -.% 9 9,,9,,.%,9 8,-.% 8 9, 9, 9,,9 *Due to possible reporting inconsistencies, Market Time should be used to analyze trends only. **Percents based on a comparison of average price for the last mos. with mos. before (9//99-8// with 9//98-8//99.) *** NEW!!! Percent change in number of pending sales this year compared to last year. In Monthly section, comparison is August with August 999, and in Year-To-Date section, pending sale activity for the months January-August are compared with activity in January-August 999. Accurate data for Coos County not available. vs 999*** Price Median Price 8, Appreciation **see note below -.% 89, 8,.8%.% 9,,.%.% 8,8,.%.% COMMERCIAL LAND MULTIFAMILY Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date Price 9, 9,,,,, 9,,9, 9 8 9, Price 9, 9,8 8,9,,, 8,, 8,9, Price 9,, 9,9,,,, 9,,,
MULTIPLE LISTING SERVICE Corporate Office 8 NE Multnomah, Suite Portland, OR 9 () - Fax: () -89 Southern Oregon Office NE Vine Street # Roseburg, OR 9 () - Fax: () -8 Clark County Office Broadway, Suite Vancouver, WA 98 () -8 Fax: () -9 The statistics presented in Market Action are compiled monthly based on figures generated by RMLS of Portland, Oregon. Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, Columbia, and portions of other Northwest Oregon Counties; Clark County, Washington; and Douglas and Coos Counties in southern Oregon. RMLS was formed by area Boards and Associations of REALTORS in 99. Subscriptions are available for $ per year by contacting RMLS, () -. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS. MEDIAN SALES PRICE - Metro Portland, Oregon George Perkins, Chairman of the Board Beth Murphy, President Gail Hare, Editor, Market Action Kurt von Wasmuth, Assistant Editor Christina Smestad, Assistant Editor This graph shows the median price for closed sales over the past months in the greater Portland, OR metro area