Linda Rossi – April 12, 2019

4 Bd/3 Ba, 2014 Craftsman ***Close-in St Johns*** 1953 Finished SF ~ Hardwood Plank Floors Throughout ~ Granite/Stainless Kitchen ~ Jetted Soaking Tub ~ Smart Remote Switches ~ Laundry Upstairs/Washer Dryer Included ~ Porch & Covered Back Deck ~ Fenced Backyard ~ High Efficiency Everything ~ Lg Lower Level Bedroom, Media Room, or… $479,000

Linda Rossi – April 12, 2019

 

Overview/Fluctuations                                                                                                                            Per RMLS Market Data for the Portland Metro Area, March 2019:

• There were 3,504  New Listings  in March 2019 which was down 3.9% from March of 2018’s 3,648, and substantially up at 43.4% from the previous month/ February’s total of 2,444.
• At 2,183 March 2019’s Closed Sales   cooled  7.9% from last year/ March 2018’s  2,371, BUT, were up quite a bit at 26.5 % from the previous month/ Feb 2019’s total of 1,726.
• March 2019’s Pending Sales (accepted offers), at 2,738 were down 5.4% from March of 2018’s 2,894, but were ahead a whopping 24.0% from the previous month/ Feb 2019’s total of  2,208.
• The Average Sale Price  in March 2019 of $447,900 was up $2,000 from last year/ March 2018’s $445,900, and up from the previous month/ Feb 2019’s $441,100 by nearly $7,000.  
• The “Median” Sale Price  (smack dab in the middle of all sales) this March 2019 of $399,000 was up $4,000.00 from last year/ March 2018’s $395,000, and down slightly/$900.00, from the previous month/ Feb 2019’s $399,900.   

Neighborhoods:                                                                                                      

March’s Average Sale Price + 12-month Appreciation (and Year-to-Date Median):

• North Portland:  $425,200               2.2%   (Feb 427,800)        YTD Median: $400,000
• NE Portland:  $451,700                     2.0%   (Feb 462,400)        YTD Median: $400,000
• SE Portland:  $431,400                      4.4%   (Feb 404,600)         YTD Median: $366,300
• Gresham/Troutdale:   $374,600     4.8%   (Feb 348,400)         YTD Median: $350,000
• Milwaukie/Clackamas:  $426,800  2.5%   (Feb 413,800)         YTD Median: $395,000
• Oregon City/Canby:   $442,400       7.7%   (Feb 424,700)          YTD Median: $395,000
• Lake Oswego/West Linn:$651,300 2.2%   (Feb 677,000)          YTD Median: $550,000
• West Portland:    $571,800                1.8%   (Feb 551,000)          YTD Median: $515,000
• NW Wash County:  $502,000            0.0%   (Feb 504,300)         YTD Median: $500,000
• Beaverton/Aloha:     $405,400          8.2%   (Feb 413,800)          YTD Median: $381,000
• Tigard/Wilsonville:   $445,300          5.5%   (Feb 469,400 )         YTD Median: $431,300
• Hillsboro/Forest Grove: $405,000   4.3%   (Feb 379,600)          YTD Median: $373,000