North Portland Market Report

North Porland Market Report North Portland Market Report

 

This is a post comparing last year North Portland SOLD  market inventory with SOLD  inventory in the North Portland market comparing 2011 vs. 2012

What is happening in the past year MAY affect the market if recent trends continue.

 

2011 vs 2012

Market Report

CLOSED SALES

North Portland

Buyers Agent Portland, LLC

2011

2012

% Change

Closed Sales

 449 706  57.23%

Average Sales Price

 $249,442 $258,775 3.74%

Median Sale Price

 $235,000 $248,250

 5.64%

 North Portland Area 141

The SOLD inventory in North Portland increased by 221 MORE closed sales in 2012 then 2011.  Prices went up as well.  The average sales price increased almost 2% from 2011, and the median by over 4%.

What the Numbers Say About 2012 North Portland Real Estate Market Report

The numbers don’t lie.  There is only 1.9 months of inventory in the North Portland Market as of December 31, 2012

Total Listed: 935 Minimum Sold Price: $52,500 Total Active Units: 109
Total Sold: 706 Average Sold Price: $258,775 Units Sold/Months Back: 58.8
Median Sold Price: $248,250 Months of Inventory: 1.9
Maximum Sold Price: $696,500

The Months of Inventory is the ABSORPTION RATE = The number of months that it would take to clear out the CURRENT Homes for Sale in North Portland.

What is Absorption Rate Mean in the North Portland Market Report

Buyers Market = 7+ months of inventory

Sellers Market = <5  months of inventory

Stable Market = 5-7 months of inventory

The MORE months or LESS months is suggestive as well.  I remember when we have 12+ months of inventory.  That was, indeed a Buyers’ Market!  Now . . . hmmmmmmmmmmm . . . not so much.

Current Homes for Sale in North Portland

See all Real estate in the 97217 zip code.
(all data current as of 10/21/2014)

  1. 3 beds, 2 full baths
    Home size: 2,306 sq ft
    Lot size: 9,583 sqft
    Year built: 1988
    Parking spots: 2
    Walk Score®: 52
    Broker reciprocity icon
  2. 2 beds, 2 full baths
    Home size: 2,054 sq ft
    Lot size: 4,791 sqft
    Year built: 1927
    Parking spots: 1
    Walk Score®: 75
    Broker reciprocity icon
  3. 2 beds, 2 full baths
    Home size: 1,566 sq ft
    Lot size: 4,791 sqft
    Year built: 1925
    Parking spots: 2
    Walk Score®: 66
    Broker reciprocity icon
  4. 2 beds, 1 full bath
    Home size: 789 sq ft
    Lot size: 6,098 sqft
    Year built: 1907
    Parking spots: 2
    Walk Score®: 45
    Broker reciprocity icon
  5. 4 beds, 3 full, 1 part baths
    Home size: 2,507 sq ft
    Lot size: 3,484 sqft
    Year built: 2014
    Parking spots: 2
    Walk Score®: 55
    Broker reciprocity icon
  6. 5 beds, 2 full, 2 part baths
    Home size: 4,793 sq ft
    Lot size: 10,018 sqft
    Year built: 1941
    Parking spots: 2
    Walk Score®: 46
    Broker reciprocity icon
  7. 4 beds, 1 full, 1 part baths
    Home size: 1,568 sq ft
    Lot size: 3,484 sqft
    Year built: 2000
    Walk Score®: 85
    Broker reciprocity icon
  8. 3 beds, 2 full, 1 part baths
    Home size: 1,430 sq ft
    Lot size: 2,613 sqft
    Year built: 1998
    Parking spots: 1
    Walk Score®: 33
    Broker reciprocity icon
  9. 3 beds, 1 full bath
    Home size: 2,522 sq ft
    Lot size: 4,791 sqft
    Year built: 1947
    Parking spots: 1
    Walk Score®: 64
    Broker reciprocity icon
  10. 2 beds, 1 full, 1 part baths
    Home size: 1,692 sq ft
    Lot size: 4,791 sqft
    Year built: 1907
    Parking spots: 1
    Walk Score®: 84
    Broker reciprocity icon
  11. 2 beds, 1 full bath
    Home size: 1,428 sq ft
    Lot size: 4,791 sqft
    Year built: 1924
    Parking spots: 1
    Walk Score®: 68
    Broker reciprocity icon
  12. 3 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 4,791 sqft
    Year built: 1997
    Parking spots: 2
    Walk Score®: 77
    Broker reciprocity icon
  13. 3 beds, 1 full bath
    Home size: 2,272 sq ft
    Lot size: 4,356 sqft
    Year built: 1936
    Walk Score®: 65
    Broker reciprocity icon
  14. 3 beds, 1 full bath
    Home size: 1,660 sq ft
    Lot size: 4,791 sqft
    Year built: 1925
    Parking spots: 1
    Walk Score®: 79
    Broker reciprocity icon
  15. 4 beds, 3 full baths
    Home size: 2,359 sq ft
    Lot size: 3,920 sqft
    Year built: 1915
    Walk Score®: 81
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buyers Agent Portland - Buyer Focused ~~ Buyer Results

Buyers Agent Portland, LLC is an Exclusive Buyer Agency serving the Portland Metro real estate market since 1999.  The brokerage only represents Home Buyers and never home sellers. If you’re looking for a home anywhere in the Portland Metro area, there is no better representation than an Exclusive Buyers Agent.  We assist investors, folks relocating to Portland area, those moving to Portland in-state, home buyers who are looking to down-size or move-up and of course . . . love working with first-time buyers.  I help Buyers in the Portland Metro market find exactly what they need in the Tri-County markets of Clackamas County, Multnomah County and Washington County, as well Portland cities including but not limited to:

When you’re ready, talk to an Exclusive Buyers Agent.

Exclusive Buyers Agents do not work at real estate brokerages that take listings!

An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor
Principal Broker/Owner

Buyers Agent Portland LLC

Office: 503.524.2560
Direct: 503.810.7192

Buyers Agent Portland ~~ 100% BUYER REPRESENTATION . . . 100% of the Time

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