Month: March 2019

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News & Notes ~ Feb 2019 Numbers

Linda Rossi – March 18, 2019

 

Overview/Fluctuations                                                                                                                            Here is your look at the most recent data for the entire Portland area, February 2019.

According to the RMLS Market Action Report for the Portland Metro Area:

  • There were 2,444 New Listings in February 2019 which was down 3.4% from February of 2018’s 2,530, & also down a whopping 19.8% from the previous month /January’s total of 3,048.  ***This was the coolest February since 2014 when the New Listings in Feb were 2,354.
  • At 1,726 February 2019’s Closed Sales were mixed. They cooled  4.4% from February 2018’s 1,806, BUT, rose a substantial 19.0 % from the previous month /Jan 2019’s total of 1,451.
  • February 2019’s Pending Sales (accepted offers), at 2,208 were also mixed: Down 5.5% down from February of 2018’s 2,337, AND, ahead 8.0% from the previous month/Jan 2019’s total of  2,045.
  • Average Sale Price in February 2019 of $441,100 was basically unchanged / down just slightly ($800.00!) from last year/February 2018’s $441,900, and up from the previous month/Jan 2019’s $435,600 by $5,500.  
  • “Median” Sale Price (so…the price smack dab in the middle of all sales) February 2019 of $399,900 was up $14,900.00 from last year/February 2018’s $385,000, and also up about the same, $15,000, from the previous month/Jan 2019’s $384,900.   

Neighborhoods:                                                                                                      

February’s Average Sale Price + 12-month Appreciation (and YTD Median):

  • North Portland:  $427,800               2.5%   (Jan 403,900)     YTD Median: $395,500
  • NE Portland:  $462,400                     3.2%   (Jan 439,500)     YTD Median: $393,300
  • SE Portland:  $404,600                      4.5%   (Jan 390,000)     YTD Median: $359,900
  • Gresham/Troutdale:   $348,400      5.7%   (Jan 349,300)     YTD Median: $349,900
  • Milwaukie/Clackamas:  $413,800   3.0%   (Jan 410,500)     YTD Median: $395,600
  • Oregon City/Canby:   $424,700      7.0%    (Jan 397,100)      YTD Median: $393,000
  • Lake Oswego/West Linn:$677,000 1.9%   (Jan 664,200)     YTD Median: $547,000
  • West Portland:    $551,000               1.7%    (Jan 589,800)     YTD Median: $525,000
  • NW Wash County:  $504,300            1.3%   (Jan 559,600)     YTD Median: $510,000
  • Beaverton/Aloha:     $413,800         8.6%    (Jan 393,900)     YTD Median: $380,000
  • Tigard/Wilsonville:   $469,400         6.5%    (Jan 440,100)     YTD Median: $435,000
  • Hillsboro/Forest Grove: $379,600  5.0%    (Jan 391,500)     YTD Median: $369,900