Portland Oregon Real Estate Market Report for March 2013

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  • Get the Info!
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    Status: Pending Sale
    2036 SE TAYLOR ST
    $619,000
    4 Bedrooms
    2 Bathrooms [ 1 Full, 1 Half ]
    13260512
    Listing Courtesy of: Brook Hogan
  • Get the Info!
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    Status: Active
    10212 N TIOGA AVE
    $169,000
    3 Bedrooms
    6 Bathrooms [ 3 Full, 3 Half ]
    12435054
    Listing Courtesy of: Brook Hogan
  • Get the Info!
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    Status: Active
    8510 SE 75TH AVE
    $195,000
    5 Bedrooms
    3 Bathrooms [ 2 Full, 1 Half ]
    12144066
    Listing Courtesy of: Brook Hogan
  • See All Solds!
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    Status: Just Sold
    6650 SE KNIGHT ST
    $219,000
    3 Bedrooms
    1 Bathrooms [ 1 Full ]
    12605186
    Listing Courtesy of: Brook Hogan
   
February Highlights
 
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.
 
Average and Median Sale Prices
 
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.

 

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Highly likely to recommend

 01/03/2018      user02768740

Sold a Single Family home in 2016 for approximately $450K in Park Place, Oregon City, OR.

Kevin was so helpful with the buying and selling of our first home that we used him again to sell our second home. He was very detailed and made our transaction go super smooth. We won’t use anyone ...

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 01/01/2018      shiny1dv

Sold a Single Family home in 2017 for approximately $300K in Powell Valley, Gresham, OR.

Kevin is the best real estate agent I've known. What I've appreciated of Kevin is his expertise and exceptional negotiation skills with the buyer, and the buyer's real estate agent. A plus is, whenever ...

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 12/31/2017      joslynfeldmann

Sold a Single Family home in 2017 for approximately $300K in Powell Valley, Gresham, OR.

Kevin was very knowledgeable with the process and walked us thru every step. His main priority was to make sure we did only what we wanted and was not pushy with what he thought we should do. The way ...

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 12/30/2017      lawni schell

Sold a Single Family home in 2017 for approximately $325K in Northwest, Gresham, OR.

We would highly recommend Kevin Davis as a realtor, we had a solid offer within our first week and Kevin was great to work with. He was prompt, easy to reach and we felt had our best interests in ...

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 08/13/2014      Ashley Labes

Other service. Portland, OR

Kevin is awesome to work with! I am a very picky buyer and he is always willing to show us house after house. He also opened our eyes to getting a house more in our price range and that may not look great ...