Portland West / Raleigh Hills -- What's Trending Year in Review

By
Real Estate Broker Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon

Portland West / Raleigh Hills, OR  -- What's Trending Year in Review

These graphs show the activity and trends of "DETACHED" property in the Portland West / Raleigh Hills (Area 148) market.

Dates:  February 2009 through January 2010

Source: RMLS*

As you can see -- the Portland West/Raleigh Hills Market had its share of decline in values.  There were 2,801 listings during this period.   1,119 Sold, and there are 716 Active listings.  Total months of inventory: 7.7  

The Min. Sold Price was $65,000 and the Max. Sold Price was $6.5M.  With the AVERAGE SALES price in North Portland plugged in at @ $461,557.

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RMLS used w/permission
Posted by

Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

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Topic:
Real Estate Market Trends
Location:
Oregon Multnomah County
Groups:
City & State: Listings and Market Reports
Market Reports
Moving to Oregon
Portland Metro Real Estate
Posts to Localism
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Rainmaker
392,554
Nevin Williams
Raleigh Mortgage Pro
Sierra Pacific Mortgage Raleigh

Hi Carla - What do you think will happen with inventory this summer in your opinioin

February 17, 2010 01:15 PM
Rainmaker
392,554
Nevin Williams
Raleigh Mortgage Pro
Sierra Pacific Mortgage Raleigh

I meant to say opinion!

February 17, 2010 01:16 PM
Rainmaker
1,205,152
Carla Muss-Jacobs, Principal Broker/Owner
Buyer Focused ~ Buyer Results
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time

My Magic Eight Ball says:

Did you mean for this specific market, or Metro Portland in general?  I'll assume you mean Metro Portland. 

Last year there was the tax credit for the majority of the year.  Listings were higher than solds.  So the inventory was great!  We need buyers, and with the tax credit not even running the full year (as it was in '09) Prices may have to come down even more in order to attract buyers, and make buying affordable.

 

February 17, 2010 01:45 PM
Anonymous
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Rainmaker
1,205,152

Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
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Additional Information

Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of Buyers Agent Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

The Sellers have their own agent ~~ Why don't you have yours?  

Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!