Current Market Action – 3.21.17

Long time, no chat!  Are you interested in what the current real estate market is doing?!  The real estate market has been mixed all over the board but we did see some gains last month.

In February pending sales showed a 19.0% increase over the offers accepted in January (2017), but a 15.0% decrease when compared to February 2016.  New listings ended 12.9% under the new listings offered last year in February but were 14.0% warmer compared to the listings offered in January (2017).  Closed sales ended 7.9% below February 2016 and 9.6% below closings recorded in January (2017).

Inventory edged slightly higher in February, ending at 1.9 months. Total market time rose to 62 days during the same period.

Comparing the average price of homes sold in the twelve months ending February 28 of this year ($400,800) with the average price of homes in the twelve months ending January 2016 ($357,400) shows an increase of 12.1%. In the same comparison, the median has increased 12.9% from $310,000 to $350,000.

It still continues to be a good sellers market!

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Beaverton Home Sales Market Action – November 2013

The Portland/Beaverton real estate numbers continue to taper with the season, but numbers are strong compared to November 2012.  Closed sales decreased 16.8% compared to October’s closings-but it was also the best November for closings since 2006.  Pending sales fared similarly, decreasing 14.0% from October but showing an increase of 5.6% over November 2012.  New listings decreased 22.1% from October but show an increase of 18.0% over last November.

The number of active listings on the market dropped. Total market time increased slightly this month to 80 days, but was substantially shorter than the total market time of 101 days in November of last year.

There have been 25,667 accepted offers and 24,872 closed sales so far in 2013! This is up 12.9% for pending sales and 15.4% up for closed sales in the same period last year.  We also saw an increase of 11.3% in new listings so far this year!

The average sales price is up 13.5% from the same period in 2012, from $273,800 in 2012 to $310,800 this year. 

2013 looks to be finishing strong, which follows suit for the whole year!  Happy Holidays!

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Beaverton Home Sales Market Action – August 2013

August has seen a slight cooling to the Portland’s real estate market compared to July, but remains very strong compared to the same month last year.  Closed sales (2,623) decreased by 5.2% compared to July (2,766), but represent the best August for closed sales in Portland since 2006 when there were 2,939!

New listings were down 11.7% in August from the previous month, but up 10.5% over August 2012.  Pending sales also were down 4.5% in July.  This showed a 9.5% increase over the 2,387 accepted offers in August 2012.

Inventory has slightly increased and currently sits at 3.1 months.  At the end of August, there were 8,003 active residential listings on the market.

There have been 19,891 accepted offers and 18,231 closed sales in 2013, up 16.3% from closed sales in the same period last year.  The 26,850 new listings so far this year represent a 10.7% increase from the first eight months last year.  The average sale price is up so far this year $309,200, up 14.1% from the same period in 2012, when the average was $271,100. 

So far the real estate market is continuing strong into the Fall! 

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July Market Action – 2013

Summer has been sunny indeed for the real estate market in the Portland metro area.  Closed sales (2,766) topped June’s number (2,511) by 10.2%.  This represents the best July for Portland since 2005. 

New listings, at 3,877, are also up 3.4% in July over the previous month and 22.6% over July 2012. 

Pending sales dropped just slightly (2.4%) in June to 2,738 from 2,809.  This represents a 15.4% increase over the 2,372 accepted offers from July 2012.

Inventory currently sits at 2.8 months.  Total active listings rose by 500 between June and July.  At the end of July, there were 7,849 active residential listings on the market.

The average sales price so far this year is $307,100, up 14.0% from the same period in 2012, when the average was $269,300.  The median price increased as well, 13.7%, from $229,500 last year to $261,000 thus far in 2013.

All in all the real estate market has been going strong this summer! 

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GARY’S 11TH ANNUAL EASTER EGG HUNT

You Are Invited!
Bring Family & Friends To Join In The Fun!
Saturday, March 30, 2013
Start Time For Egg Hunt: 11:30 am!
Show Up Early to Get Pictures with Easter Bunny!
Cooper Mt. Elementary Field- 7670 SW 170th Ave. Beaverton
Egg Hunt For Kids Ages 0-12 (accompanied by an adult please)
Candy! Prize Drawing! Meet The Easter Bunny!
Kids, Please Bring Your Baskets!
Parents, Do Not Forget Your Camera!
Rain or Shine!

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Beaverton Home Sales- Market Action January 2013

The Portland real estate market got off to a good start in January 2013. There were 2,438 new listings, an 89.6% increase over December 2012 listings of 1,286, but 6.7% fewer than the 2,613 listings of January 2012.
AlthoughfewerthanDecember’s 1,760 closed sales, the 1,344 closed sales in January 2013 are the most for the month of January since 2007, when there were 1,594 sales. There were 1,906 offers accepted, also the most in January since 2007 when there were 2,544 pending sales. Pending sales increased 37.7% over the previous month when there were 1,384.
Active inventory continues at historiclows,risingonlyfractionally to 6,366 homes on the market—a mere six more listings than December 2012. Unsold inventory remains low at 4.7 months.
Market time continues to shrink. At 114 days, January’s total market timehasloweredby16.3%froman average of 136 days on the market in January 2012.
The average sale price in January was $287,700,andthemediansale price was $248,000. Prices are rising over time. Comparing the average price of homes in the twelve months ending January 31st of this year ($277,000) with the average price of homes sold in the twelve months ending January 2012($262,900)showsanincrease of 5.4%. In the same comparison, the median has increased 7.3% to $236,000 in the last twelve months from $219,900 in the preceding twelve months.

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GARY POTTS LIFTS UP IF YOU’RE SINKING DOWN

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