AUGUST 2011 MARKET PERFORMANCE
Published September 28, 2011
Highlights
- Sales activity in the Portland Metro area showed improvements in closed and pending sales this August compared with August 2010.
- Closed sales grew 30.7% in August 2011 compared to August 2010.
- Pending sales were up 29.6%, and new listings dropped 24.8%.
- Inventory: at the month’s rate of sales, the 11,276 active residential listings would last about 6.2 months.
- Average sale price for August 2011 declined 9.2% compared to August 2010. Median sale price also fell 10%.
- Month to month, comparing July 2011 to August 2011, sale price activity fell slightly. Average sale price went down from $275,100 to $271,800 (-1.2%) while median sale price decreased from $227,200 to $225,000 (-1%).
- Comparing January-August 2010 with the same period in 2011, results were mixed. Closed sales decreased by 0.5% (13,185 v. 13,114), while pending sales increased by 2.8% (14,248 v. 14,645). New listings fell 26% (34,043 v. 25,189).
At Bella Casa Real Estate Group…
We have re-tooled and reworked our strategies for a completely different market- the real world. Our optimism continues to motivate us to get the job done. People have to sell and buy for a large variety of reasons; all you need is one buyer for your property. For buyers, you continue to have the best opportunities since the 1990s. Don’t miss it waiting for the ‘bottom.’
We are glad to assist you anyway possible and we greatly appreciate your referrals to friends, family, neighbors, and co-workers and colleagues. We cannot control the marketplace, but we can control the level of our expertise, service, and knowledge which we promise to put to work for you and those you know.
Best regards,
Randy
Randy McCreith, Principal Broker
Bella Casa Real Estate Group
503-310-9147 Cell
207 NE 19th Street, Suite 100
McMinnville OR 97128
866-281-6653 Fax
randy@thebellacasagroup.com
Who We Are
We are Yamhill County's most experienced, high-achieving, and successful real estate brokerage. We are real estate specialists in luxury properties, rural properties, equestrian properties, new construction, and residential and commercial properties. Contact us for a free customized home value analysis.
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