Agent Profile
Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. They have been featured on HGTV's "House Hunters" 3 Episodes & "My House is Worth What?" 4 Episodes.
Portland Oregon Market Report
December Residential Highlights
Looking at the Portland Metro area market in 2010, December continued the trend of decreased activity toward the end of the year. However, closed sales underwent an uptick in December, reaching the highest monthly level since June. Inventory also saw its lowest level since June. Closed sales were down 2.9% compared to December 2009, but pending sales were up 6%. New listings dropped 8.5%. Comparing the previous month of November 2010 with December 2010 shows closed sales jumped from 1,279 to 1,462 (14.3%). However, pending sales fell from 1,426 to 1,210 (-15.2%), and new listings dropped from 2,437 to 1,925 (-22.2%). At the month’s rate of sales, the 11,611 active residential listings would last about 7.9 months, a 2.3- month drop since November.
2010 Summary
When comparing activity in 2010 with that of 2009, closed sales dipped 0.2%. Pending sales were 2.1% lower, but new listings were up 3.0%. Total sales volume for 2010 was $5.3 billion, down from $5.5 billion in 2009.
Sale Prices
The average sale price for December 2010 declined 5.2% compared to December 2009. The median sale price also fell 5%. Month to month, comparing November 2010 to December 2010, the average sale price went up from $271,900 to $278,000 (2.2%) while the median sale price dropped from $233,000 to $230,000 (-1.3%). For 2010, average sale price dropped 2.7% compared to 2009, and median sale prices fell 2.9%.
Market Report Pulled from RMLSweb
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Mortgage Rate Declines Again
30-Year Fixed Mortgage Rate Declines For Second Consecutive Week
By: Lauren Riefflin, PR/Marketing Coordinator | January 11, 2011
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.58 percent, down from 4.6 percent at this same time last week.
The 30-year fixed mortgage rate peaked at 4.75 on Friday then quickly declined to 4.62 percent and hovered near 4.63 percent before falling to the current rate.
Additionally, the 15-year fixed mortgage rate on Tuesday morning was 3.95 percent and for 5/1 ARMs, the rate was 3.14 percent.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
OREGON DUCKS FOOTBALL
In case you have not heard, our Oregon Ducks Football Team from the University of Oregon have made the National Championships! The Ducks have never been national champions before and this is a REALLY BIG DEAL for the entire state.
Everyone is getting in on the celebration. Maybe you’ve seen some of our youtube songs? We even made it on Jimmy Fallon!
http://www.youtube.com/watch?v=6UQAr0x32tA
http://www.youtube.com/watch?v=f_P1PPy7FTo
Because the game is scheduled for Monday, January 10th, I know that many, many people have requested Tuesday off. Even more people will probably end up calling in sick the next day. I mean, how could you expect anyone to actually work during such an important event? The Tigard-Tualatin School District board meeting and the Tualatin City Council meeting have both been rescheduled for Wednesday. That’s probably a good move because I imagine most of those people would just have not shown up anyway.
http://tigardtimes.com/news/story.php?story_id=129428312684857100
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Agency Info
Keller Williams Realty Portland Premiere
17700 SW Upper Boones Ferry Rd
Portland, OR 97224