Average Sale Prices in Portland Communities - December 2006
January 18th, 2007
The year closes out with strong 12-month appreciation gains in average and median sale prices throughout the Portland metro area.
The average sale price in 2006 for the Portland metro market overall was $332,600. The median price by year’s end was $270,500.
Lake Oswego, West Linn, and West Portland (which includes Downtown) were the most expensive communities. North Portland continues to lead the close-in areas with more affordable housing. I suspect Milwaukie/Clackamas and Yamhill County gains are primarily to new construction sales, but I don’t have any hard data on that.
Here are average and median sale prices measured over the past 12 months, as well as appreciaton:
| Area |
YTD Average Sale Price
|
YTD Median Sale Price
|
12-Month Appreciation
|
| Lake Oswego / West Linn |
$528,100
|
$443,800
|
16.7%
|
| West Portland |
$452,300
|
$378,100
|
10.3%
|
| NW Washington County |
$397,600
|
$359,000
|
7.6%
|
| Tigard/Tualatin/Sherwood/Wilsonville |
$356,400
|
$322,000
|
8.6%
|
| Milwaukie / Clackamas |
$353,100
|
$307,200
|
20.3%
|
| Oregon City / Canby |
$326,200
|
$286,000
|
15.6%
|
| Northeast Portland |
$302,500
|
$265,000
|
15.4%
|
| Beaverton / Aloha |
$277,800
|
$251,000
|
12.7%
|
| Hillsboro / Forest Grove |
$282,300
|
$260,000
|
15.9%
|
| Southeast Portland |
$266,700
|
$234,500
|
15.8%
|
| Gresham / Troutdale |
$265,200
|
$248,000
|
15.2%
|
| Yamhill County |
$264,700
|
$229,900
|
18.3%
|
| North Portland |
$245,400
|
$235,500
|
17.5%
|
| Columbia County |
$227,900
|
$219,800
|
14.5%
|
Technorati Tags: average, median, appreciation, sale prices, home values, Portland, Oregon, metro, suburban
Source: RMLS, December 2006.
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Related posts:
- Average Sale Prices in Portland Communities - December 2005
- Average Sale Prices in Portland Communities - November 2005
- Average Sale Prices in Portland Communities - October 2005
Entry Filed under: Market Activity
1 Comment Add your own
1. I Love Real Estate Investing | January 30th, 2007 at 12:55 am
Thanks for sharing, it seems real estate market is still hot in Portland.
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