12-Month Appreciation for Portland, February 2007
What little real property that changed hands in the past few months has not dampened the overall average sale price appreciation figures. RMLS reports that 12-month appreciation by county to be:
- Clackamas: 16%
- Columbia: 15%
- Multnomah: 14%
- Washington: 12%
- Yamhill: 19%
It will be interesting to see how a relative glut of new listings, 60+ average timeframes on the market, and over 6 months of available inventory will affect sale prices. You can already see a few communities (West Portland, including downtown, NW Washington County, and some of the southern suburbs) taking some hits.
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-Mo. Appreciation |
| Lake Oswego / West Linn | $586,100 | $473,000 | 15.3% |
| West Portland | $390,800 | $352,500 | 8.9% |
| NW Washington County | $329,500 | $309,800 | 8.6% |
| Tigard/Tualatin/ Sherwood/Wilsonville | $371,700 | $317,800 | 8.2% |
| Milwaukie / Clackamas | $368,200 | $313,000 | 19.8% |
| Oregon City / Canby | $317,300 | $270,000 | 14.4% |
| Northeast Portland | $284,200 | $257,000 | 14.4% |
| Beaverton / Aloha | $282,300 | $260,000 | 11.6% |
| Hillsboro / Forest Grove | $313,600 | $274,800 | 15.6% |
| Southeast Portland | $261,800 | $236,300 | 16.2% |
| Gresham / Troutdale | $293,700 | $260,000 | 15.7% |
| Yamhill County | $270,700 | $250,000 | 17.8% |
| North Portland | $255,800 | $247,000 | 16.4% |
| Columbia County | $242,600 | $215,500 | 13.5% |
Source: RMLS, December 2006.
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3 comments February 22nd, 2007
