NW Portland Real Estate: 2010 Home Sales & Trends
How Many Homes Sold in NW Portland in 2010?
If you were to guess about homes sold in NW Portland in 2010 vs. 2009, would you assume total homes sold were higher or lower? Hmmmm, would you be shocked to know that raw overall home sales in NW Portland were up 13% in 2010 vs. 2009?
Out of the nine neighborhoods in Northwest Portland : Bethany, Bonny Slope, Catlin Crest, Cedar Mill, Oak Hills, Rock Creek, Somerset, West Haven & Windemere, not every area had a stellar year and yet for an overall area to be 13% up on raw sales over LY, it’s very encouraging for what we hope will be an even stronger 2011.
Northwest Portland Real Estate 2010:
NW Portland Sold Homes Details:
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Looking at the 100+Solds under $500k (= a 17% increase over LY!!) shows clearly the price point in which homes are moving in NW Portland overall.
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Condos, Attached homes, Short Sale & Bank Owned property under $250k drove those numbers.
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The second best sweet spot was between $300k-$350k
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Price point between $500-$600k was the biggest sticking point with an 11% decrease in solds vs. 2009.
Other NW Portland Neighborhood Sold Homes Data 2010:
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Sold Homes in Bethany
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Sold Homes in Bonny Slope
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Sold Homes in Catlin Crest
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Sold Homes in Cedar Mill
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Sold Homes in Oak Hills
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Sold Homes in Rock Creek
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Sold Homes in Somerset
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Sold Homes in West Haven
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Sold Homes in Windemere
NW Portland Real Estate Market Analyzer:
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Below is the market analyzer which shows us listings vs. solds, average sales price and the median price ranges.
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Homes are closing at an average of -7% under the most recent list price
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15% closing rate of solds to listings
[...] If you were to guess about homes sold in SW Portland in 2010 vs. 2009, would you assume total homes sold were higher or lower? With just about 8% up from 2009, 2010 was indeed a better year although not as high as the year over year results in NW Portland. [...]
[...] with many other neighborhoods for year end trends (NW Portland, SW Portland, West Hills), there is a jump in closed sales in November & December. I’ll [...]
[...] estate in Northwest Portland. Cedar Mill home sales in 2010 showed a 12% increase over 2009 joining NW Portland’s overall home sales stats at 13% over 2009. Very strong results for 2010 and a great way to springboard into 2011. [...]