West Portland: April 2012

Northwest and Southwest Portland Stats & Review

Overall the West Portland market is still a buyer's market. Interest rates are still very low and the average market time is still ok at 139 days. When the year to year comparison is down and the average sales price percent change is also down I have to give it a current price trend rating of Depreciating.

West Portland's Average Sales Price Percent Change is -5.3%.

Average Sales Price Percent Change is a good conservative indicator for determining if a market is appreciating or depreciating. *This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (5/1/11- 4/30/12) and compares it to the rolling average sales price of the previous 12 months (5/1/10-4/30/11).

West Portland, Oregon's Current Real Estate Climate When comparing April's results this year, (2012) to last year (April 2011) here is what you will find:

The average homeowner's equity decreased by $-10,600 or -2.6% of value.
Average Sales Price in April 2012 was $402,200
Average Sales Price in April of 2011 was $412,800
Number of closed sales for the month of April was 198
The supply of homes stands at 4.83 months.

(The supply or inventory is how long it would take to sell off the current/available homes on the market at the current rate of sale.)

The time it takes on average from when a homeowner lists their home for sale to when a home has an accepted offer is 139 days.

It's important to compare these statistics to the entire Portland Metropolitan area as a whole which includes all of the city of Portland as well as the surrounding suburbs. This will help you to determine how each area is performing.

City of Portland and All the Surrounding Suburbs Current Real Estate Climate:

The current Rolling Price Appreciation/Depreciation percent change is -4.9%. The current year to year comparison (April 2011-April 2012) is -1.8%. Even though these two are down I will have to give the monthly current price trend rating for Portland to Unchanged because there are too many signals and factors which leads to price stabilization. In addition, the median price is higher a few percentage points from last year. To truly establish trend you need to consider the very longer term such as rolling average sale price percent change from year to year but you also need to consider the immediate trend when compared to last year's same month and in many cases even the previous few months of data.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (5/1/11- 4/30/12) and compares it to the rolling average sales price of the previous 12 months (5/1/10-4/30/11). In this case the rolling average over the last twelve months is $262,100 and the rolling average of the previous 12 months was $275,500. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -4.9%

When comparing April's results this year 2012 to last year (April 2011) here is what you will find:

The average homeowner's equity decreased by $-4900 or -1.8% of value.
Average Sales Price in April 2012 was $262,400
Average Sales Price in April of 2011 was $267,300
Number of closed sales for the month of April was 1822
The supply in the entire Portland Metro area stands at 4.7 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 123 days.

Portland Metro Real Estate data comes from the RMLS of Portland, which is the region's local multiple listing source for real estate listings. If you would like to receive e-mailed reports simply let me know.

2012 Portland Area/Section Reports:

Portland & All Surrounding Suburbs Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Northwest and Southwest Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Southeast Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Northeast Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
North Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Beaverton/Aloha Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hillsboro/Cornelius/Forest Grove Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Gresham/Troutdale/Corbett Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Milwaukie/Clackamas/Happy Valley Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Oregon City/Canby Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake Oswego/West Linn Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Tigard/Tualatin/Wilsonville Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
NW Washington County Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

For the most current Portland real estate market recap summary click here.
For the most current Portland real estate statistics summary click here.

Share This Page With A Friend:

Add This Page To Your Reading List:

Add This Page to Your Favorites