April Market Report Recap
The April Market Action from the RMLS (Regional Multiple Listing Service) just came out! For more detailed info, click the neighborhood links below for more specific info! If you’d like the stats for your neighborhood and you don’t see it listed below, just to the right of this post is a ‘Market Report’ link–click and request–I’ll send the neighborhood you request your way!
Southeast & Northeast Portland
Alameda Average Sales Price $551k. 22 Active Listings, 3 Closed Sales. April Homes Closed -11% Under Most Recent List Price. 7.33 Months of Inventory.
Beaumont Village Average Sales Price $421k–three month upward trend. 31 Active Listings, 4 Closed Sales. April Homes Closed -3% Under Most Recent List Price. 7.75 Months of Inventory.
Buckman Average Sales Price $433k. 38 Active Listings, 3 Closed sales. Since June of 2009, Homes in Buckman Have Been Closing Between -6 to -8% of Most Recent List Price. No Real Change in This Trend for April ’10. 12.6 Months of Inventory.
East Moreland Average Sales Price $625k. 44 Active Listings, 2 Closed Sales. Homes Closed at an Average of -13% Under Most Recent List Price. Ouch! At This Rate it Will Take 22 Months to Sell Through the Current Listings.
Grant Park Average Sales Price $585k. Active Listings 33, 5 Closed Sales. Homes Closed at Just Under -2% of Most Recent List Price. 15% Sell Through. 6.6 Months of Inventory.
Hollywood Average Sales Price $512k. 23 Active Listings, 6 Successful Closings. 23% Sold to Active Ratio–NICE! Homes Closed at -5% Under List Price. 3.8 Months of Inventory!
Irvington Average Sales Price $450k. 97 Active Listings, 10 Closed Sales. 10% Sold to Active Ratio. Homes Closed at -5% Under List Price. 10 Months of Inventory.
Ladd’s Addition Average Sales Price $322k. 16 Active Listings, 2 Closed Sales. Homes Closed at 99% of List Price!! 8 Months of Inventory.
Laurelhurst Average Sales Price $455k. 34 Active Listings, 6 Closed Sales. Homes Closed at -5.5% of List Price. 5.5 Months of Inventory.
Northwest & Southwest
Bethany Average Sales Price is $338k. 129 Active Listings and 17 Closings in April. 7.5 Months of Inventory is Keeping Pace With Portland’s Average.
Bonny Slope Average Sales Price is $420k. Active Listings Are at 76, 10 Closed Sales. Closed Prices Tanked at 87% of Most Recent List Price. What Happened?? Inventory is 7.5 Months. Watching This Neighborhood Closely.
Cedar Mill Average Sales Price $410k. 117 Active Listings, 10 Closings. Properties closed an average of -5% Under List Price and Months of Inventory Stands at 11.
Forest Heights Average Sales Prices are around $580k. 93 Active Listings, 11 Successfully Closed. Closings Averages -10% Under Most Recent List Price. 8.45 Months of Inventory.
NW Slope Average Sales Price $386k. 175 Combined Active Listings, 15 Closings. Top of the Range is $445k. 12 Months of Inventory vs. Portland’s Average of 7.5 Months.
SW Slope Average Sales Price $550k. 59 Active Listings, 3 Closed. Homes Closed at an Average of -15% of Most Recent List Price. 5% Sell Through and 19 Months of Inventory. Rough Results for These Two Neighborhoods.
