BEAVERTON HOME SALES- APRIL 2013 MARKET ACTION

April Highlights:
Portland is abuzz with real estate activity this spring. New listings continued to rise—at 3,623, the number of new listings for the month was the greatest in any one month since August 2010. This also represented a 20.7% increase over March’s 3,002 new listings.
The increase in new listings helped inventory stabilize: the number currently sits at 3.1 months. Average time on market currently stands at 91 days—the last time market time was that low was July 2008.
Accepted offers increased this month to 2,942, an 11.9% increase over March (2,628) and 24.4% increase over April 2012 (2,365).
Closed sales are up as well, with April’s 2,125 posted sales representing a 9.8% increase over March and 16.6% increase over April 2012.
Year to Date Summary:
The Portland metro real estate market continues to have a strong year. There have been 9,314 accepted offers and 7,039 closed sales in 2013, up 16.4% from 8,000 pendings and 12.9% from 6,236 closed sales in the same period last year. The 11,678 new listings this year represent a 4.4% increase from the 11,182 entered by this time last year.
Average and Median Sale Prices:
The average sales price so far this year was $293,600, up 15.3% from the same period in 2012, when the average was $254,600. In the same comparison, the median increased 15.6% from $216,200 last year to $250,000 in the first four months of 2013.

Beaverton Home Sales- Market Action March 2013

March Highlights

Portland’s real estate activity continues to blossom. Both accepted offers and closed sales earned “Best March since 2007” honors. The 2,628 pending sales were 15.7% over the 2,272 entered in March 2012 and 23.4% higher than February’s 2,130 offers. Closed sales reached 1,935, which topped March 2012 sales of 1,694 by 14.2% and February 2013 sales of 1,376 by 40.6%.

There were 3,002 new listings entered in March, which was 4.0% more than March last year and 22.4% more than February’s 2,453 listings.

The increase in new listings was not enough to reverse the trend in active inventory, which crept down slightly to 6,207 listings. It would take only 3.2 months to exhaust the active inventory at the March rate of sales. This is lower than in any

month since June 2006, when unsold inventory reached 2.6 months.

Activity in First Quarter 2013

The Portland Metro area real estate market is off to a good start in 2013. There were 6,466 accepted offers and 4,789 closed sales in first quarter 2013, both measures up 11.3%from5,809pendingsand4,303 closed sales in the same period last year.The7,963newlistingsthisyear lag 1.3% from the 8,070 entered in first quarter 2012.

Average and Median Sale Prices

The average price in the first quarter this year was $290,300, up 15.3% from first quarter 2012, when the average was $251,700. In the same comparison, the median increased 16.6% from $212,000 last year to $247,100 in the first quarter of 2013.

ALTOS RESEARCH MARKET TRENDS FOR 97007, 97229, 97223

PRICE TRENDS: The median single family home price as of April 05 2013 for Beaverton, OR is $257,031.

MARKET CONDITIONS: With a Market Action Index as of April 05 2013 at 27.96

SALES AND DEMAND TRENDS: The average property in Beaverton as of April 05 2013 has been on the market for about 147 days.

PRICE PER SQUARE FOOT: The median price per square foot for homes in Beaverton as of April 05 2013 is about $142.

HOMES FOR SALE: There are about 506 properties on the market in Beaverton as of April 05 2013.

FEBRUARY 2013 MARKET ACTION

Portland’s real estate activity remains solid. February’s closed sales were strong—at 1,376, closed sales represented the best February since 2008. Pending sales increased this month by 11.8% from January 2013, to 2,130. This represents the best February since 2007, when there were 2,834 pending sales recorded.
There were also 2,453 new listings in February. This is virtually the same as January’s 2,438 listings, and only a 1.6% decrease from February 2012.
Active inventory continues at historic lows—unsold inventory remains low at 4.5 months.
Market time also remains low. At 116 days, February’s total market time is about the same as it was in January, at 114 days.
The average sale price in February was $282,000, and the median sale price was $242,000.
Prices are on the rise in Portland Metro. Comparing the average price of homes in the twelve months ending February 28th of this year ($278,600) with the average price of homes sold in the twelve months ending February 2012 ($263,300) shows an increase of 5.8%. In the same comparison, the median has increased 8.5% to $238,500 in the last twelve months from $219,900 in the preceding twelve months.

Beaverton Home Sales- Market Action January 2013

The Portland real estate market got off to a good start in January 2013. There were 2,438 new listings, an 89.6% increase over December 2012 listings of 1,286, but 6.7% fewer than the 2,613 listings of January 2012.
AlthoughfewerthanDecember’s 1,760 closed sales, the 1,344 closed sales in January 2013 are the most for the month of January since 2007, when there were 1,594 sales. There were 1,906 offers accepted, also the most in January since 2007 when there were 2,544 pending sales. Pending sales increased 37.7% over the previous month when there were 1,384.
Active inventory continues at historiclows,risingonlyfractionally to 6,366 homes on the market—a mere six more listings than December 2012. Unsold inventory remains low at 4.7 months.
Market time continues to shrink. At 114 days, January’s total market timehasloweredby16.3%froman average of 136 days on the market in January 2012.
The average sale price in January was $287,700,andthemediansale price was $248,000. Prices are rising over time. Comparing the average price of homes in the twelve months ending January 31st of this year ($277,000) with the average price of homes sold in the twelve months ending January 2012($262,900)showsanincrease of 5.4%. In the same comparison, the median has increased 7.3% to $236,000 in the last twelve months from $219,900 in the preceding twelve months.

GARY’S 11TH ANNUAL EASTER EGG HUNT

You Are Invited!
Bring Family & Friends To Join In The Fun!
Saturday, March 30, 2013
Start Time For Egg Hunt: 11:30 am!
Show Up Early to Get Pictures with Easter Bunny!
Cooper Mt. Elementary Field- 7670 SW 170th Ave. Beaverton
Egg Hunt For Kids Ages 0-12 (accompanied by an adult please)
Candy! Prize Drawing! Meet The Easter Bunny!
Kids, Please Bring Your Baskets!
Parents, Do Not Forget Your Camera!
Rain or Shine!

GARY POTTS LIFTS UP IF YOU’RE SINKING DOWN- ARTICLE FROM BOOMERPDX ABOUT GARY

After you’ve been around people enough, you understand their element.

Go fishing with a neighbor who can’t hammer a nail and he reads a river like a road map.

He points to a spot and says, “That’s where the fish are” and you pull them out of the water likes it’s a trout farm.

Go snowmobiling with someone who can barely ride a bike and they charge up mountains like an X-Games pro.

“Aim for the lip of the ridge,” they say, “and hang on. It feels like you’ll flip backward, but you won’t.”

Gary Potts is one of those guys.

He works out in a gym full of people trying to maintain, people who follow the good advice of lifting light with high repetitions.

A few people can load up the bars and crank as hard as they feel like going.

He’s one of those guys too.

One conversation between sets led to another. The first was about coaching.

Suburban dad coaching his daughters’ basketball team? Okay. Except his is a travel team, a tournament team that plays to win.

Save the juice box and trophy after each game. The game is the reward. Playing with intensity is the goal.

The bigger picture for his teams aim for high school competition. If all goes according to plan, Beaverton will run the state table in a few years.

That’s what you call anticipating future success. Athletes dig deeper to find what they didn’t know they had to give with championships in front of them.

This is a busy guy who takes time to coach. It works out because four years in the United States Marines taught time management, followed by Division-1 football.

Sports and teamwork ingrained the sort of discipline coaches use to help young athletes advance. It’s also the sort of attitude kids need when they arrive at their personal crossroads.

You know about the crossroads?

Think of a decision you made that changed your life. What would have happened if you made the opposite decision, took the other road.

One path leads to community involvement, education, and a chance to stand up.

One path leads to isolation, a narrow focus, and a holding pattern before the fall.

From Robert Johnson’s Cross Road Blues:

I went down to the crossroads, tried to flag a ride.
Down to the crossroads, tried to flag a ride.
Nobody seemed to know me, everybody passed me by.

Gary Potts the Recon Marine, the scholarship football player for the University of Utah, the college graduate, knows the crossroads. He knows the path.

He left footprints, big footprints. Those he lifts up will lift others.

Together their footprints turn the crossroads into a highway toward a better future.

Mr. Potts, Boomerpdx salutes you.

Source: http://www.boomerpdx.com/down-to-the-crossroads/

BEAVERTON HOME SALES- DECEMBER 2012 MARKET ACTION

The Portland real estate market continues to build steam.  Closed sales were higher in December 2012 than December 2011 while pending sales were 4.1% under the accepted offers in December 2011.  The active inventory dropped to a new low of 6,352 homes on the market. Both median and average sale prices showed double digit improvement.  Comparing 2012 to 2011 there were 32,300 new listings, 24,010 accepted offers, and 23,438 closed sales in 2012.  Compared to 2011 new listings were down 5.2%, pending sales were up 16.2% and closed sales are up 19.1%.  Prices are higher, total market time dropped and all in all the market is on the way up.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are down 26.1%, Tigard pending sales are up 30.4%, Hillsboro / Forest Grove pending sales are up 1.8%, Lake Oswego pending sales are sown 3.6%, SE Portland pending sales are down 10.1%, NE Portland pending sales are down 1.4% and Gresham / Troutdale pending sales are down 17.2%.  Average total market time measured by days is as follows; Beaverton 92, Tigard 126, Hillsboro 109, Lake Oswego 157, SE Portland 109, NE Portland 74 and Gresham / Troutdale 118. Rates continue to stay low around 3.625%. We continue to see positive signs in the real estate market and the next few months look like the trend will continue.

Beaverton Home Sales Market Action – September 2012

With one exception, all reported measures of real estate activity show improvement when comparing September 2012 with September 2011, while dropping somewhat from August Heights.  At 1,894, closed sales were 19.4% higher then September 2011 sales of 1,586, while declining 18% from the August 2,311 total. This was the best September since 2006 for closed sales.
Pending sales also continued to be strong, with 2,058 accepted offers in September, 10.6% more than the 1,861 reported in September 2011, and 13.8% under the 2,387 pendings in August. With three-quarters of the year gone, the market recovery is solidifying.
Accepted offers are 16.8% above the level they were for the same period last year (19,015 vs 16,275).  Closed sales are 18% higher, with 17,468 closed so far this year, compared to 14,803 last year. Prices continue to creep up. The
average sales price year-to-date of $272,200 is 2.9% higher than the average price in the same period last year, while the 2012 year-to-date median of $230,400 is 3.8% higher than the media last year. Total market time has dropped
20.7% from 145 days last year to 115 days for the first three quarters of 2012.

Beaverton Home Sales Market Action July 2012

The current Market Action for the Portland and Beaverton area home sales for July 2012, per the RMLS is: Real estate activity is positive when comparing July 2012 to July 2011. Comparing July 2012 to July 2011 there was a 23% increase in accepted offers. The 1,973 closed sales represent a 15.4% increase over the same month last year, when 1,709 closed sales were record. This is the highest number of closed sales in the month of July since 2009. At this rate it would only take 4.6 months to sell the active listings at the July rate of sales, this compared to 10.8 months just 2 years ago in 2010. The median sales price rose 7.8% when comparing July 2012 with July 2011.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 6.3%, Tigard pending sales are up 19.4%, Hillsboro / Forest Grove pending sales are up 28.3%, Lake Oswego pending sales are up 17.4%, SE Portland pending sales are up 39.5%, NE Portland pending sales are up 25.9% and Gresham / Troutdale pending sales are up 8.7%. Average total market time measured by days is as follows; Beaverton 72, Tigard 101, Hillsboro 133, Lake Oswego 126, SE Portland 72, NE Portland 83 and Gresham / Troutdale 103. Rates continue to stay low around 3.875%. Hopefully this current Market Action update will help you to better understand where we are in the current real estate market. We continue to see positive signs in the real estate market. Price is a top factor in getting buyers through the door and making an offer. Functionality of the floor plan and the yard are also important to buyers.