Quarterly Market Statistics – Q1 2009

Filed Under 2009, Residential Statistics · Tagged: , ,  

Listing statistics are in for the first quarter of 2009. While there are signs of properties selling in Portland, the charts below show an increasingly amount of properties being listed to the RMLS before existing ones can sell.  For further information, check out my post on Portland’s Absorption Rate.

The statistical data has been divided into two sections. The first section, ‘Portland Regions‘ contains each of Portland’s four regions broken down first by month, then by statistical category.  The second section, ‘Regional Comparison‘ contains statistical data in relationship to listing prices (minimum vs. maximum) as well as median and sold pricing.

Data complied at the end of business day March 31,2009.

If you would like information for your particular area not listed below, please let me know.

PORTLAND REGIONS

North Portland (141)
Listing Statistics, Q1 2009
Month January February March
Properties Listed 165 170 137
Properties Sold 23 41 61
Ratio: (Sold : Listed) 1 : 7.17 1 : 4.15 1 : 2.25
Average List Price ($) 256,662 256,348 259,996
Average Sold Price ($) 232,392 257,241 214,735
Average Days On Market (DOM) 106 68 70
Average Consecutive Days On Market (CDOM) 121 87 111

 

Northeast Portland (142)
Listing Statistics, Q1 2009
Month January February March
Properties Listed 365 341 347
Properties Sold 89 96 102
Ratio: (Sold : Listed) 1 : 4.10 1 : 3.55 1 : 3.40
Average List Price ($) 308,431 296,006 334,460
Average Sold Price ($) 302,419 297,234 275,969
Average Days On Market (DOM) 70 75 77
Average Consecutive Days On Market (CDOM) 125 138 131

 

Southeast Portland (143)
Listing Statistics, Q1 2009
Month January February March
Properties Listed 513 434 407
Properties Sold 126 129 142
Ratio: (Sold : Listed) 1 : 4.07 1 : 3.36 1 : 2.87
Average List Price ($) 252,033 258,320 273,899
Average Sold Price ($) 224,308 255,668 237,606
Average Days On Market (DOM) 86 82 100
Average Consecutive Days On Market (CDOM) 134 138 142

 

West Portland (148)
Listing Statistics, Q1 2009
Month January February March
Properties Listed 479 464 450
Properties Sold 72 88 82
Ratio: (Sold : Listed) 1 : 6.65 1 : 5.27 1 : 5.49
Average List Price ($) 524,485 533,755 577,191
Average Sold Price ($) 457,761 400,410 540,853
Average Days On Market (DOM) 99 129 91
Average Consecutive Days On Market (CDOM) 169 203 177

 

REGIONAL COMPARISON 

In the chart below, I totaled the property Listed and Sold data from the above charts and complied the information in a side-by-side comparison for Portland’s four different regions.  In the Ratio category, you will notice a low average number of Sold properties compared to the amount of Listed properties for the quarter. This ratio will likely to contunue to get worse as our real estate season is about to start.

In sections ‘Average Sold Price’ and ‘Median Price’, the highest and lowest ‘Sold Prices’ where removed to aide in accurately averaging out these prices.

Listings vs. Pricing Statistics, Q1 2009
City Portland
Region North Northeast Southeast West
RMLS Area 141 142 143 148
Total Properties Listed: 472 1,053 1,354  1,394
Total Properties Sold: 125 287 397 242
Ratio: (Sold : Listed) 1 : 3.78  1 : 3.67 1 : 3.41 1: 5.76
Sold Price – Minimum ($): 13,985 76,000 38,000 95,000
Sold Price – Maximum ($): 580,000 832,000 1,250,000 6,500,000
Average Sold Price ($): 231,926 291,284 239,254 465,061
Median Sold Price ($): 233,750 260,000 210,000 347,000

Data courtesy of RMLS.

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April 1, 2009 by gibbons1 : No Comments

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