Portland Metro Sales Report

21 02 2011

The latest Portland Metro Sales and Price Report is back in the saddle as expected.

With January’s report being typically low, February is also being seasonally up-trending.  The see-saw continues in a good direction.  Sales have picked up in the lower prices ranges of many areas for Portland.  Highlights are in the North Portland solds, SE Portland solds, Gresham and Milwaukie under $200K, Lake Oswego pendings, West Portland under $500K and…WOW.. NW Washington County in all categories under $400K!  Although sales are down 18.7 percent in general, there is a decent rise in sales overall between $900K-$1M and the under $200K categories.

We are also seeing a rise in prices in North Portland sold homes, Gresham and Sandy pendings, Lake Oswego solds and West Portland pendings and solds.  Even though the overall average sales prices are down 2.58% for pendings and 6.37% for solds, the spottiness of upward categories is a good sign that the market is in recovery mode.  It could be interest rates or possibly the sense that the bottom is too close to call.  Bank-owned properties are up across the board along with short sales.  The big hit is in Gresham and Sandy pending categories too.  They are down over 200% for pending and sold homes for the month.

Read on and enjoy!

 Complete Portland Metro Report February 2011

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