The Average Homeowner's Equity Increased $53,500 in Northwest Washington County!  

3-29-2012

I know, I know, you are asking is this for real? The answer is yes it is real, and here are the supporting details to back up this fact. First and foremost the important part of this fact is that the measure of equity increase is from February 2011 to February 2012. It's an exact year average rather than taking averages upon averages.

In February 2011 the Average Sales Price for NW Washington County was $365,700
In February 2012 the Average Sales Price for NW Washington County was $312,400
Difference is $53,300

This is an increase of $53,500 or 14.6% pretty amazing when many areas are still declining, but the truer measure of overall market activity in NW Washington County is when you compare the Rolling Average Sales Price from the previous 12 months to that of the Rolling Average Sales Price from the previous previous 12 months.

A rolling average sales price as it relates to real estate would be the average sales price from March 1, 2011 - February 29, 2012 and then compare that to the rolling average sales price from the previous previous 12 months which would be March 1, 2010 - February 28, 2011. By doing this you would be able to calculate the the Average Sales Price Percent Change. For NW Washington County ending February 2012 the Average Sales Price Percent Change is 0.3%. This would be more accurate because you would account for monthly or local fluctuations such as law changes, as well as, seasonal market fluctuations if it was for a shorter period of time.

Even though it would be accurate to say my home increased in value by 14.6% from last year it would not equate when adding more months of research. However, there were 134 sales in February 2012 in NW Washington County and because the Average Sales Price is so much higher than last year and because the Average Sales Price Percent Change is a positive percent this does tell us that NW Washington County is appreciating, which cannot be said about many of the other areas of Portland.

Click here for the correlating statistics for this incredible isolated statistic in our current unstable market.


Back to Portland Real Estate News Archive

Add This Page To Your Reading List: Add This Page to Your Favorites

Previous Articles:
By Month

Dec-2013
Nov-2013
Oct-2013
Sept-2013
Aug-2013
July-2013
June-2013
May-2013
Apr-2013
Mar-2013
Feb-2013
Jan-2013

Dec-2012 Dec-2011
Nov-2012 Nov-2011
Oct-2012 Oct-2011
Sept-2012 Sep-2011
Aug-2012 Aug-2011
July-2012 July-2011
June-2012 June-2011
May-2012 May-2011
Apr-2012 Apr-2011
Mar-2012 Mar-2011
Feb-2012 Feb-2011
Jan-2012 Jan-2011

Dec-2009 Dec-2010
Nov-2009 Nov-2010
Oct-2009 Oct-2010
Sep-2009 Sep-2010
Aug-2009 Aug-2010
July-2009 July-2010
June-2009 May-2010
May-2009 Apr-2010
Apr-2009 Apr-2010
Mar-2009 Mar-2010
Feb-2009 Feb-2010
Jan-2009 Jan-2010