Real Estate Broker GRI (Graduate Realtor Institute) ABR (Accredited Buyer Representative) Diamond - Platinum Designation of the Million Dollar Club Business: 503/906.7139 Fax: 503/906.7539 Cell: 503/705.4584
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"We really appreciate all that you did for us during our real estate search. Your professionalism and expertise was exemplary throughout the entire (lengthy) process. Thanks so much for taking us around and introducing us to the area."
"Welcome! Whether you are buying or selling your personal home or seizing an investment opportunity, my commitment to you is the highest level of personalized real estate service in the entire Portland Oregon real estate market as well as such surrounding communities as Lake Oswego, Beaverton, Tigard, Tualatin, Hillsboro, West Linn, Aloha and Wilsonville. Please feel free to read my client reviews and explore my site to learn more."
April Residential Highlights Comparing April 2012 with April 2011 shows improvement in both pending and closed sales, which were also up compared to the previous month. There were 2,365 accepted offers, 18.0% more than the 2,005 reported in April 2011 and 4.1% more than the 2,272 in the previous month. In fact, with the exception of March and April of 2010 which were impacted by deadlines for the First-Time Homebuyer Tax Credit, the number of pending sales is higher than any month since August 2007. The 1,822 closed sales represent a 13.1% increase over the same month last year, when 1,611 were recorded, and 7.6% more than the 1,694 sales in March.
New listings this April (3,038) were down slightly compared to April last year (3,099), but rose 5.3% compared to March (2,886). The unsold inventory is the lowest it has been since June 2007. It would take only 4.7 months to sell the 8,523 active listings at the April rate of sales. Year-to-Date Comparing the first four months of 2012 with the same period in 2011 shows closed sales increased 13.1% from 5,513 to 6,236. Pending sales were up by 17.5% increasing from 6,806 to 8,000. New listings were down 9.7% at 12,378 versus 11,182. Total time on market decreased 18.3% from 161 to 132.
When comparing home prices year-to-date this year and last, there is less than 1% difference in both median sales price and average sales price.
Portland MetroResidential Highlights
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Mkt Time*
2012
April
3,038
2,365
1,694
262,400
225,000
123
2012
YTD
11,182
8,000
4,303
254,600
216,200
132
2011
April
3,099
2,005
1,615
267,300
219,900
153
2011
YTD
12,378
6,806
3,834
257,000
215,000
161
Change
April
-2.0%
18.0%
4.9%
-1.8%
2.3%
-19.5%
Change
YTD
-9.7%
17.5%
12.2%
-0.9%
0.6%
-18.3%
* Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
