Portland Real Estate Market Report- January 2018

The Portland Real Estate Market kick started the New Year and provided plenty of high points. Many people including real estate agents are anticipating and formulating their real estate market predictions for 2018. The real estate market in Portland and around the country always have their ups and downs. In the end the real estate numbers and market trend reports are the best indicator of what is happening in the real estate market. Let see what January 2018 numbers have in store for the start of 2018.

Closings of Residential listings in the Portland real estate market cooled in January 2018 by 11.9% from December 2017. And was down by 30.7% compared to January 2017.

Closings
Jan 18’- 1,628
Jan 17’ – 1,847
Dec 17’ – 2,350

 

The Portland Metro area pending residential listings showed the January 2018 beat out last months and last year. Pending sales were up 16.1% from January 2017 and 31.5% from December 2017. It ended up being one of the best January’s since 2007.

Pendings
Jan 18’- 2,311
Jan 17’ – 1,990
Dec 17’ – 1,757

There was 53.7% increase in January 2018 from December 2017 of new residential homes on the market in the Portland metro area. New listings also improved 12.4% up from January 2017.

New Listings
Jan 18’- 2,486
Jan 17’ – 2.212
Dec 17’ -1,617

January 2018 Portland Housing Market By the Numbers
Residential real estate market inventory jumped from 1.6 to 2.2 months of inventory.  The total days on the market also rose 5 days from December 2017 ending at 60 days. January ended with 3,518 active listing in the Portland metro area that are looking for buyers!

The numbers everyone wants to know, how high are home prices in the Portland Metro area?!
The Median Sale price ended in December at $379,900. January ended at $380,000. That is an increase of 8.6% from January 2017 median price of $350,000.
The average sale price in December ended at $428,700. At the end of January 2018 the average home price was $430,100 that is an increase of 7.6% from January 2017.

Where are the most Active Listings in Portland for January 2018?
Neighborhood Total of Active Listings Total Market time
North Portland                                                      141                           54 days
Northeast Portland                                              261                           55 days
Southeast Portland                                              380                           49 days
West Portland                                                        525                           63 days

Median Sales Prices for January 2018 for the Portland Metro are as listed below…
$593k- Lake Oswego/West Linn
$510k- West Portland
$420k- Tigard/Tualatin/Sherwood/Wilsonville
$409k – Milwaukie/Gladstone
$394k- NE Portland
$392k- North Portland
$375,9k- Oregon City/ Canby/ Molalla/ Beavercreek
$370k- Hillsboro / Forest Grove
$345k- Beaverton/Aloha
$336,8k- Gresham/Sandy/Troutdale/Fairview
$335,1k- SE Portland

Portland Metro Area Real Estate Market January 2018 Report Click Here
Vancouver & SW Washington Real Estate Market January 2018 Report Click Here

Real estate is always shifting and adjusting-
The  agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house!

 

 

 

Portland Real Estate Market Report- December 2017

The month of December in the Portland Real Estate Market displayed some seasonal low numbers with a few high points. The last few months of 2017 have yet to beat out 2016 numbers overall in listing, pending, and closing. The Real Estate market in the Portland metro area maybe showing some slowing, however it is still early to tell if it is a seasonal low or an overall cooling of the real estate market.

Residential closings in the Portland Real Estate Market ended with December being 10.3% behind Dec 2016 numbers. The number of closed properties in the area were unable to beat November 2017 numbers, coming in short by 1.6%.

Closings
Dec 17’ – 2,350
Dec 16’ – 2, 621
Nov 17’- 2,387

The real estate report in the Portland metro area shows that pending sales for December 2017 matched the pendings in Dec 2016. However, they fell short of November numbers by 25.9%.

Pendings
Dec 17’ – 1,757
Dec 16’ – 1,757
Nov 17’- 2,371

New residential listings in the Portland real estate market beat out Dec 2016 numbers by 13.8%. December 2017 was unable to beat out last month’s new listings by 33.1%.

New Listings
Dec 17’ -1,617
Dec 16’ – 1,421
Nov 17’- 2,416

December 2017 Portland Housing Market By the Numbers
Total months of inventory in the residential housing market in Portland has been steadily going down, November was at 1.9 months and December 2017 ended at 1.6 months. The number of days a property is on the market has increased by 4 days from November, ending at 55 days.  Here are the numbers comparing the Portland Real Estate market from 2016 to 2017.
New listing: Down 0.8%
Pending: Down 5.7%
Closings: Down 3.6%

The prices of residential listings in the Portland Real Estate market, last month median sale price rose 9.5% from $347,000 to $379,900. The average sale price rose 8.5% from $395,000 to $428,700. The average sale price in Portland metro area in December ending at $428,700, that is $300 less than November.

Where are the most Active Listings in Portland for December 2017?
Neighborhood Total of Active Listings Total Market time
North Portland                                                170                       61 days
Northeast Portland                                        309                       43 days
Southeast Portland                                        435                       54 days
West Portland                                                 522                       68 days

Median Sales Prices for December 2017 for the Portland Metro are as listed below…
$597,5- Lake Oswego/West Linn
$499k- West Portland
$412k- Tigard/Tualatin/Sherwood/Wilsonville
$390,5k- North Portland
$385k – Milwaukie/Gladstone
$375k- Oregon City/ Canby/ Molalla/ Beavercreek
$379k- NE Portland
$352,5k- Hillsboro / Forest Grove
$354,5k- Beaverton/Aloha
$350k- SE Portland
$322k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market December 2017 Report Click Here
Vancouver & SW Washington Real Estate Market December 2017 Report Click Here

Real estate is always shifting and adjusting-
The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house.

Portland Real Estate Market Report- November 2017

As the end of fall approaches, the November numbers in the Portland Real Estate market are making a strong case that 2017 might not beat out 2016 record high number for listings, pending and solds. We are also seeing that the average sale price went down from October to November and Median real estate sale price in Portland stayed the same.

Closing sales in the real estate market in the Portland area displayed that residential closings fell 1.9% of Nov 2016 number and 6.9% short of last month’s numbers

Closings
Nov 17’- 2,387
Nov 16’- 2,434
Oct 17’- 2,565

Pendings sales in the Portland Real Estate Market beat out Nov 2016 number by 4.6%. Compared to October 2017, the pending sales did fall short by 12.3%.

Pendings
Nov 17’- 2,371
Nov 16’- 2,266
Oct 17’-  2,705

November ended with gain of 16.2% in new listing compared to Nov 2016. However if you look at new listings in October 2017, November 2017 was down by 19.0%.

New Listings
Nov 17’- 2,416
Nov 16’- 2,080
Oct 17’- 2,981

November 2017 Portland Housing Market By the Numbers
Inventory in the residential market in November went from 2.1 month’s in October to 1.9 Months.  There was a huge jump on total days of listing on the market went from 37 Sept, 44 in Oct and ending at 51 days in November. The overall Portland real estate activity shows that in 2016 compared to 2017, things are down across the board.
New listing: Down 1.2%
Pending: Down 6.2%
Closings: Down 3.0%

The prices of residential listings in the Portland Real Estate market, last month median sale price ended in October at $379,900 in November it ended at the same with $379,900 that is a 9.5% increase from Nov 2016 $347,000. In October in average sales prices ended at $429,400. In November, the average home price went down compared to last month ending at $429,000. It was an 8.7% increase from November 2016 average sale price of $394,800

Where are the most Active Listings in Portland for November 2017?
Neighborhood Total of Active Listings Total Market time
North Portland                                                204                       44 days
Northeast Portland                                        345                       46 days
Southeast Portland                                        516                       39 days
West Portland                                                 611                       70 days

Median Sales Prices for November 2017 for the Portland Metro are as listed below…
$585,3K- Lake Oswego/West Linn
$489,5k- West Portland
$425,9k- Tigard/Tualatin/Sherwood/Wilsonville
$399,9k- NE Portland
$392,5k- North Portland
$387k – Milwaukie/Gladstone
$360k- SE Portland
$350k- Oregon City/ Canby/ Molalla/ Beavercreek
$350k- Hillsboro / Forest Grove
$344k- Beaverton/Aloha
$334,5k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market November 2017 Report Click Here
Vancouver & SW Washington Real Estate Market November 2017 Report Click Here

Real estate is always shifting and adjusting-
The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house

Christmas Lights in Portland List!

Pioneer Courthouse Square

There are so many wonderful places to view Christmas Lights in Portland, Oregon. Here are a few of the Holiday Portland events you can enjoy! If you looking for more holiday events, Check out our Facebook Page where every day now until New Year’s we will be posting a local holiday event!

Happy Holidays
– Taylor Group Realty Team

 

The Grotto’s 30th Annual Christmas Festival of Lights
Now thru Dec 30th, Nightly 5pm – 9:30pm
Website

PIR Winter Wonderland
Now thru Dec 26th, Check for Hours
Website

Zoo Lights at the Oregon Zoo
Now thru Jan 7, Check for Hours and Days
Website

Christmas Ships on the Willamette & Columbia River
Check website for Dates and Times
Website

Peacock Lane
Now thru 31st
Website

The Miracle of a Million Lights in Portland
Now thru Dec 23rd
Website

Maddax Woods in West Linn
Now thru Dec 31st
Website

Christmas Fantasy Trail in Oregon City Wenzel Farms
Now thru Dec 30
Website

South of PDX-

Christmas in the Garden in Silverton at The Oregon Garden
Now thru Dec 31St
Website

Portland Real Estate Market Report- October 2017

The coolness of fall is in the air in the Portland Metro Area, and it seems the coolness has hit the Real Estate market in Portland. The numbers in October show the continuation of a cool down in the market that started to show around spring. It is too early to tell if this is a typical seasonal low or if the real estate market is starting to plateau in the Portland Metro Area.

Closings of residential listing in the Portland Real Estate Market fell short across the board. Numbers were 3.6% short of beating last month numbers and almost beat Oct 16 numbers, just fell 0.9% short.

Closings
Oct 17’- 2,565
Oct 16’- 2,589
Sept 17’ – 2,660

Pending faired the same as Closings in October 2017 with the Portland metro area closing were down 4.8% from October 2016 and was 0.9% lower than September numbers.

Pendings
Oct 17’-  2,705
Oct 16’- 2,841
Sept 17’ – 2,730

New Listings are up in the Portland metro area,  even though we see that October was down 18.2% from last month, however it was able to edge out October 2016 by 1.8%.

New Listings
Oct 17’- 2,981
Oct 16’- 2,929
Sept 17’ – 3,644

October 2017 Portland Housing Market By the Numbers

The Residential inventory in October end at 2.1 months of inventory, which is up from 2.0 month of inventory in September. The total days a listing is on the market went from 37 in September to 44 in October. The total active listing on the RMLS in the Portland real estate market is down from last month totals at 5,998 and ended as 5,415 active listing available to purchase in the Portland Real Estate market. We are continuing the trend of activity in the Portland real estate market being down this year from the hot market in 2016. These are the most current active numbers.
New listing: Down 2.1%
Pending: Down 7.1%
Closings: Down 3.0%

Prices of residential listings in the Portland Real estate market are at record highs with the median sale price rose 10.1% from $345,000 to $379,900. The Average sale price rose 9.0% from $393,900 to $429,400.

 

Where are the most Active Listings in Portland for October 2017?
Neighborhood Total of Active Listings Total Market time
North Portland                                                224                       40 days
Northeast Portland                                        448                       38 days
Southeast Portland                                        589                       37 days
West Portland                                                 719                       59 days

 

Median Sales Prices for October 2017 for the Portland Metro are as listed below…
$561,3K- Lake Oswego/West Linn
$495k- West Portland
$411.8k- Tigard/Tualatin/Sherwood/Wilsonville
$405k- North Portland
$400k- NE Portland
$385k- Milwaukie/Gladstone
$375k- Oregon City/ Canby/ Molalla/ Beavercreek
$355k- Hillsboro / Forest Grove
$350k- Beaverton/Aloha
$349,6k- SE Portland
$325k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market October 2017 Report Click Here
Vancouver & SW Washington Real Estate Market October 2017 Report Click Here

Real estate is always shifting and adjusting-
The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house