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."
View Russ' Recommended Vendors April Highlights Portland is abuzz with real estate activity this spring. New listings continued to rise - at 3,623, the number of new listings for the month was the greatest in any one month since August 2010. This also represented a 20.7% increase over March's 3,002 new listings.
The increase in new listings helped inventory stabilize: the number currently sits at 3.1 months. Average time on market currently stands at 91 days - the last time market time was that low was July 2008.
Accepted offers increased this month to 2,942 an 11.9% increase over March (2,628) and 24.4% increase over April 2012 (2,365). Closed sales are up as well, with April's 2,125 posted sales representing a 9.8% increase over March and 16.6% increase over April 2012.
Year to Date Summary The Portland Metro area real estate market continues to have a strong year. There have been 9,314 accepted offers and 7,039 closed sales in 2013, up 16.4% from 8,000 pendings and 12.9% from 6,236 closed sales in the same period last year. The 11,678 new listings this year represent a 4.4% increase from the 11,182 entered by this time last year. Average and Median Sale Prices The average sales price so far this year was $293,600, up 15.3% from the same period in 2012, when the average was $254,600. In the same comparison, the median increased 15.6% from 216,200 last year to $250,000 in the first four months of 2013. Portland MetroResidential Highlights
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Mkt Time*
2013
April
3,623
2,942
2,125
302,600
257,000
91
2013
March
3,002
2,628
1,935
299,000
250,000
112
2013
YTD
11,678
9,314
7,039
293,600
250,000
107
2012
April
3,038
2,365
1,822
262,400
225,000
123
2012
YTD
11,182
8,000
6,236
254,600
216,200
132
Change
April
19.3%%
24.4%
16.6%
15.3%
14.2%
-26.5%
Change
Prev mo. 2013
20.7%
11.9%
9.8%
1.2%
2.8%
-18.8%
Change
YTD
4.4%
16.4%
12.9%
15.3%
15.6%
-19.1%
* 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.
