12-Month Appreciation, Average & Median Residential Sale Prices
Portland-area home prices continue to climb, albeit at a slower pace than in the past couple years. As reported yesterday, RMLS reports that the 12-month residential sale price average from February 2006 to February 2007 was 12.8% over the same period 2005-2006.
A more telling statistic perhaps is comparing the average and median prices for just year-to-date sales through February 2006 and 2007, where the numbers are 6.5% average and 5.9% median price appreciation.
Here is the year-to-date breakdown, by market area, for average and median sale prices, plus the 12-month average home price appreciation.
| Area | YTD Avg. Sale Price | YTD Median Sale Price | 12-Mo. Appreciation |
| Lake Oswego / West Linn | $533,700 | $452,500 | 15.0% |
| West Portland | $405,300 | $359,000 | 7.0% |
| Tigard/Tualatin/ Sherwood/Wilsonville | $378,600 | $333,000 | 8.0% |
| Milwaukie / Clackamas | $357,500 | $310,000 | 19.1% |
| NW Washington County | $352,900 | $328,500 | 8.3% |
| Oregon City / Canby | $318,500 | $294,200 | 13.4% |
| Northeast Portland | $301,600 | $265,900 | 13.3% |
| Hillsboro / Forest Grove | $295,800 | $262,500 | 15.1% |
| Yamhill County | $282,400 | $250,000 | 17.9% |
| Beaverton / Aloha | $281,400 | $260,000 | 11.2% |
| Gresham / Troutdale | $275,000 | $252,500 | 15.1% |
| Southeast Portland | $264,700 | $234,000 | 14.5% |
| North Portland | $261,800 | $245,000 | 15.9% |
| Columbia County | $241,000 | $233,000 | 12.5% |
Source: RMLS, March 2007.
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1 comment March 20th, 2007
