SEPTEMBER 2011 MARKET PERFORMANCE
Published October 31, 2011
HIGHLIGHTS
September 2011 Portland Metro Market Action report (this includes Yamhill County, Oregon)
- Sales activity in the Portland Metro area showed improvements in closed and pending sales this September compared with September 2010, and the inventory level remained much lower than the same month in 2010.
- Closed sales grew 13.4% in September 2011 compared to September 2010.
- Pending sales were also up 17.5%, and new listings dropped 29.5%.
- Inventory: at the month’s rate of sales, the 10,666 active residential listings would last about 6.7 months.
- Average sale price for September 2011 declined 4.2% compared to September 2010. Median sale price also fell 3.8%.
- Month to month, comparing August 2011 to September 2011, sale price activity was mixed.. Average sale price went down from $271,800 to $268,200 (-1.3%) while median sale price increased from $225,000 to $230,800 (2.6%).
- Comparing the third quarter of 2010 with that of 2011, sales activity was up. Closed sales jumped up by 21.5% (4,340 v. 5,275), while pending sales also increased by 21.6% (4,725 v. 5,747). New listings fell 27.6% (11,582 v. 8,380).
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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