Portland Oregon Market Report December

December Residential Highlights

Sales activity in the Portland metro area continued to show improvement in closed and pending sales when comparing this December to the same month a year ago. Closed sales experienced a 10.3% increase, while pending sales saw growth of 19.3%. However, there were 11.7% less newly listed residential properties. Month-to-month, closed sales rose 6% (1,521 v. 1,612) when compared to November 2011, pending sales fell 14.4% (1,685 v. 1,443) and new listings dropped 16.1% (2,026 v. 1700). At the month’s rate of sales, it would take approximately 5.3 months to sell the 8,612 active residential listings. Due to the drop of active listings in December, along with the rise in closed sales, low inventory resulted.

2011 Summary

Comparing activity from 2010 with that of 2011, closed sales rose 4% and pending sales rose 6%. New listings fell 25.4%. Total sales volume for 2011 was about $5.2 billion, down from $5.3 billion in 2010, and $5.5 billion in 2009.

Sale Prices

The average sale price for December 2011 was down 6.2% compared to December 2010, while the median declined 5.8%. Compared to November 2011, the average price rose 0.5% ($259,400 v. $260,800) and the median fell 3.7% ($225,000 v. $216,600). For the year, the average sale price dropped 6.7% compared to 2010. The median price fell 7.9%.

PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com

January 18, 2012 · Filed Under Alberta Arts District, beaverton or homes, beaverton or homes for sale, Beaverton real estate, existing home sales, Lake Oswego real estate, Local, New Home Sales, Portland, Portland Real Estate, portland real estates, real estate beaverton or, Real Estate Portland, Realty News, Tigard Real Estate News, Tigard Real Estate Review

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The Original – A Dinerant

For those of you who love bacon… have you tried it in a milkshake yet?!  We accidentally found ourselves at The Original, A Dinerant.  We were there specifically for dessert, and there was a maple bacon milkshake on the menu!  Well who can pass that up!?!  They also had milkshakes with alcohol, which some of us ordered (also with bacon).  Admittedly, we did wonder why it was taking so long to get miikshakes.  “It’s not like they are back there frying up the bacon.”  Oh yes they were!  And boy does it make all the difference!  Those babies are GOOD!!!

http://www.originaldinerant.com/

PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com

January 11, 2012 · Filed Under Alberta Arts District, beaverton or homes, beaverton or homes for sale, Beaverton real estate, existing home sales, Fun, Lake Oswego real estate, Local, median home prices nationwide, New Home Sales, Portland, Portland Real Estate, portland real estates, real estate beaverton or, Real Estate Portland, Realty News, Tigard Real Estate News, Tigard Real Estate Review

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  • Agency Info

    Keller Williams Realty Portland Premiere

    17700 SW Upper Boones Ferry Rd
    Portland, OR 97224

  • Agent Info

    Tony and Libby Kelly, MBA, M.Ed.

    Principal Broker & Broker

    503-753-7300