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
Buyers Agent Portland, LLC
Average Sales Price
Median Sale Price
|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 = 6+ months of inventory
Sellers Market = <4 months of inventory
Stable Market = 4-6 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
$1,140,000 : 225 N Killingsworth ST, Portland13 beds, 7 full, 2 half baths
$569,900 : 7308 N Mobile AVE, Portland3 beds, 2 full, 1 half baths
$500,000 : 1626 N Willamette BLVD, Portland4 beds, 2 full baths
$525,000 : 5933 N Omaha AVE, Portland4 beds, 1 full, 1 half baths
$210,000 : 6544 N Boston AVE, Portland2 beds, 1 full bath
$369,900 : 7026 N Campbell AVE, Portland3 beds, 1 full bath
$489,900 : 403 N Stafford ST, Portland4 beds, 1 full, 1 half baths
$349,900 : 1114 N Farragut ST, Portland3 beds, 2 full, 1 half baths
$499,950 : 3807 N Willis BLVD, Portland3 beds, 2 full, 2 half baths
$549,000 : 2335 N Wygant ST, Portland5 beds, 1 full, 1 half baths
$499,000 : 218 N Going ST, Portland1 bed, 2 full baths
$350,000 : 9114 N Drummond AVE, Portland3 beds, 2 full baths
$399,900 : 4545 N Borthwick AVE, Portland3 beds, 1 full bath
$499,000 : 6350 N Vancouver AVE, Portland3 beds, 1 full, 1 half baths
$399,000 : 6612 N Kerby AVE, Portland2 beds, 2 full baths
See all Real estate in the 97217 zip code.
(all data current as of 5/25/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor
Buyers Agent Portland LLC
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