I mentioned the other day that home sales, according the RMLS, are flat. Here’s a breakdown of what homes are selling for in inner city Portland and the suburbs.These are year-to-date prices as provided by the RMLS.Average & Median = Area$557,600 & $455,000 = Lake Oswego, West Linn$492,400 & $399,500 = West Portland$402,600 & $385,000 = Northwest Washington County$363,300 & $340,000 = Tigard, Tualatin, Sherwood, Wilsonville$356,000 & $300,000 = Milwaukie, Happy Valley, Clackamas$321,200 & $273,500 = Northeast Portland$309,200 & $286,000 = Oregon City, Canby$289,500 & $259,900 = Hillsboro, Forest Grove$280,300 & $250,000 = Beaverton, Aloha$278,300 & $249,300 = Southeast Portland$274,300 & $250,100 = North Portland$258,700 & $245,000 = Gresham, Troutdale
Eye-popping real estate appreciation is long gone, but “slow and steady” is right at home throughout Portland metro.Here are the most current average and median sales prices, listed from most expensive to least expensive:Average & Median = Area$560,400 & $465,000 = Lake Oswego, West Linn$463,900 & $379,800 = West Portland$418,400 & $385,000 = Northwest Washington County$375,600 & $339,900 = Tigard, Tualatin, Sherwood, Wilsonville$337,600 & $300,000 = Milwaukie, Clackamas, Happy Valley, Damascus$330,500 & $302,900 = Oregon City, Canby$321,700 & $282,500 = Northeast Portland$298,400 & $270,000 = Hillsboro, Forest Grove$289,500 & $260,000 = Beaverton, Aloha$286,600 & $250,000 = Southeast Portland$281,500 & $259,900 = Gresham, Fairview, Troutdale$265,800 & $252,000 = North Portland
How do home sales compare area to area in Portland? Here is the actual number of home sales, year-to-date, for 2007:No. - Area2729 – Southeast Portland2518 – West Portland2174 – Northeast Portland2012 – Beaverton, Aloha1590 – Tigard, Tualatin, Sherwood, Wilsonville1442 – Hillsboro, Forest Grove1370 – Milwaukie, Clackamas, Happy Valley, Damascus1289 – Gresham, Troutdale1048 – Lake Oswego, West Linn967 – North Portland949 – Oregon City, Canby929 – Northwest Washington county
Here are the appreciation rates for the Portland metro area:11.2% - Gresham, Troutdale10.8% - Southeast Portland9.8% - Hillsboro, Forest Grove8.6% - North Portland6.9% - Northeast Portland6.7% - Oregon City, Canby6.3% - Lake Oswego, West Linn4.4% - Tigard, Tualatin, Sherwood, Wilsonville4.3% - Milwaukie, Clackamas, Happy Valley, Damascus3.6% - Beaverton, Aloha3.4% - West Portland2.0% - Northwest Washington County Source: Per the RMLS, appreciation percents are based on a comparison of average price of the last 12 months with the 12 months before.
More 2006 numbers to digest…. This time a look at the counties making up metro PortlandAppreciation Rate = County+19% = Yamhill County+15% = Columbia County+14% = Multnomah County+16% = Clackamas County+12% = Washington CountyAverage Sales Price = County$267,100 = Yamhill County$229,100 = Columbia County$309,500 = Multnomah County$388,200 = Clackamas County$316,300 = Washington County
