|
Spring 2012 Market Update
Now is an exceptional time to buy a home in Beaverton, whether you are a first time buyer, move up buyer, or investor. Rents are UP and home prices are DOWN...you may be able to get into a home now for the same monthly paymet you pay in rent! Low interest rates with falling home prices makes a home purchase a great value and a smart investment! Inventory is at a 4 year low and we are seeing more competition from buyers. Call now for more information at 503-336-6110.
|
|
| Average Home Price | $550,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $550,000 - $599,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Northwest Portland is | Increasing |
| Seller Activity for the past 90 days in Northwest Portland is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Homes that are priced well and staged well are selling quickly and we see multiple offers on the best of the bunch! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | FHA financing is available for all homes priced up to $417,000. Buyers only need 3.5% down to get an FHA loan! Conventional loans are available with 20% down payment and there are other programs available with 5%-10% down. Call me for more info at 503-336-6110. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Some price ranges are actually in a ’Sellers Market’ inventory for NW Portland while others are in a strong ’Buyers Market’. Depending on the price range, homes can be flying off the shelf or sitting on the market for a long time. Homes priced up to $600,000 are definitely in a very BALANCED market right now! |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Portland |
| Housing Hot Spots | Certain price ranges in the area are considered ’Housing Hotspots’, especially in the price range of $550,000 - $600,000! The Bethany, Oak Hills and Rock Creek neighborhoods continue to be highly popular places to live. |
| Average Sold Price | $550,000 - View Graph Trend |
Northwest Portland Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Steve Ticknor
503-209-7355
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
| |
Request More Information Let me answer your questions! Ask Me!
Steve Ticknor
Keller Williams Realty Professionals
|
 503-209-7355
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Northwest Portland Homes for Sale | Search Northwest Portland Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Oregon Homes for Sale |
Oregon Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved