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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About garypotts

Quality with results is never an accident; it is always the result of sincere effort, intelligent direction and skillful execution. Gary has been a top fixture in the Beaverton/Portland Real Estate market for over 19 years, closing well over 1,000 homes. Gary sold over $10 million in sales for the 97007 zip code for 2017! Achieving true distinction can only come from years of dedication and success. Since 1999 Gary Potts has devoted himself to serving the greater Portland metro area real estate market in destinations ranging from downtown Portland condo’s to the Oregon Beaches and most area’s in between including the East side of Portland. In 2011, 2012 and 2013, Gary finished in the top 5 among active Realtors belonging to the Portland RMLS (over 8,500 active Realtors) for closed sales in the Beaverton area. Gary’s combination of real estate expertise and responsive, flexible customer relations has allowed him to continue to grow and become one of the most influential Realtors within the Portland area. Prior to arriving at Meadows Group Realtors, in 2007 and 2008 Gary finished as the # 1 Century 21 Realtor for productivity in the State of Oregon. Born and raised in the Portland, Oregon area, Gary volunteered for the Marine Corp in 1985 where he served 4 years as a special forces Amphibious Reconnaissance Marine. After being honorably discharged from the Marines, Gary earned his associates degree while attending Allen Hancock Community college in Santa Maria, California. From there he earned a full athletic scholarship and was a student athlete and participated in Football at the University of Utah. After studying and earning his bachelor degree in Political Science with minors in History and Sociology, Gary was an assistant football coach for Portland State University. After 5 years of coaching at the college level Gary made a great decision to change people’s lives through real estate.
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