OCTOBER 2011 MARKET PERFORMANCE
Published November 28, 2011
HIGHLIGHTS
October 2011 Portland Metro Market Action report (this includes Yamhill County, Oregon)
- Similarly to last month, sales activity in the Portland Metro area showed improvements in closed and pending sales this October 2011 compared with October of last year.
- Closed sales went up 14.1% in October 2011 compared to October 2010.
- Pending sales saw a rise of 15.1%, while there were 22% less newly listed residential properties.
- Inventory: at the month’s rate of sales, the 10,012 active residential listings would last about 6.8 months.
- Average sale price in October 2011 declined 6.5% compared to October 2010. Median sale price also fell 6.7%.
- Month to month, comparing September 2011 to October 2011, closed sales fell 7.1% from 1,586 to 1,474. Pending sales saw a slight increase of 0.9% from 1,861 to 1,878. New listings were down from 2,501 to 2,433 (-2.7%).
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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