NW Washington County | August 2012 Real Estate Data Reports by Area

NW Washington County: August 2012

Northwest Washington County Stats & Review

Overall the NW Washington County market is still a buyer’s market. Interest rates are still at all time lows and the average market time is at 67 days. When the year to year price comparison is down and the average sales price percent change is up from last year at this time I have to give it a current price trend rating unchanged.

NW Washington County’s Average Sales Price Percent Change is -1.1% ending August 2012 compared to NW Washington County’s Average Sales Price Percent Change ending August 2011 was -2.2% or an increase of 1.1% comparatively.

Average Sales Price Percent Change is a good conservative indicator for determining if a market is appreciating or depreciating. *This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (9/1/11- 8/31/12) and compares it to the rolling average sales price of the previous 12 months (9/1/10-8/31/11).

NW Washington County, Oregon's Current Real Estate Climate When comparing August’s results this year, (2012) to last year (August 2011) here is what you will find:

The average homeowner's equity decreased by $-21,500 or -6.1% of value.
Average Sales Price in August 2012 was $333,500
Average Sales Price in August of 2011 was $355,000
Number of closed sales for the month of August was 132, up by 38%.
Number of closed sales for August 2011 was 96.
The August 2012 supply of homes stands at 2.83 months, down 45%.
August 2011 supply of homes was 5.1 months.

(The supply or inventory is how long it would take to sell off the current/available homes on the market at the current rate of sale.)

The time it takes on average from when a homeowner lists their home for sale to when a home has an accepted offer is 74 days. This statistic is down by 21 days (The August 2011 Total Marketing Time ended at 95 days).

It's important to compare these statistics to the entire Portland Metropolitan area as a whole which includes all of the city of Portland as well as the surrounding suburbs. This will help you to determine how each area is performing.

City of Portland and All the Surrounding Suburbs Current Real Estate Climate:

The current Rolling Price Appreciation/Depreciation percent change is +0.2%, which is a 6% increase from -5.8% ending August 2011 . The current year to year comparison average price change from (August 2011- August 2012) prices are up 3.6%. With the Rolling Average Price increasing 6%, Average and Median Sales Price both higher from last year, supply levels still very low at 3.9 months, demand up significantly, marketing time down to 97 days (134 days ending August 2011) I have to give it an overall market rating appreciating prices. To establish trend you need to consider the very longer term such as rolling average sale price percent change from year to year but you also need to consider the immediate trend when compared to last year’s same month and in many cases even the previous few months of data.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (9/1/11- 8/31/12) and compares it to the rolling average sales price of the previous 12 months (9/1/10-8/31/11). In this case the rolling average over the last twelve months is $268,300 and the rolling average of the previous 12 months was $267,700. You take the rolling average price difference and divide it by previous 12 month rolling average and you get 0.2%.

When comparing August’s results this year 2012 to last year (August 2011) here is what you will find:

The average homeowner's equity increased by $9,900 or 3.6% of value.
Average Sales Price in August 2012 was $281,700
Average Sales Price in August of 2011 was $271,800
Number of closed sales for the month of August 2012 was 2311
Number of closed sales for the month of August 2011 was 1805
The closed sales ratio is an increase of 506 or 28%

The August 2012 supply in the entire Portland Metro area stands at 3.9 months down 2.3 months from last year.
The August 2011 supply in the entire Portland Metro area was 6.2 months, which was down 4.8 months from August 2010 .
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 97 days, which is down 37 days from August 2011’s total market time of 134 days.

Portland Metro Real Estate data comes from the RMLS of Portland, which is the region’s local multiple listing source for real estate listings. If you would like to receive e-mailed reports simply let me know.

NW Washington County: August 2012

2012 Portland Area/Section Reports: