Portland Home Price Averages and Appreciation
August 24th, 2007
Most Portland-area markets were a little flat last month in sale price appreciation. Lake Oswego/West Linn, Milwaukie/Clackamas, West Portland (including downtown), and Tigard/Tualatin/Wilsonville/Sherwood all depreciated in average price from the previous month-end result.
On the other hand, Northeast and Southeast Portland, plus Oregon City and Beaverton are currently showing the best month-over-month average sale price appreciation.
Results below are for year-to-date through July 2007.
| Area | YTD Avg. Sale Price | YTD Median Sale Price | 12-Mo. Appreciation |
| Lake Oswego / West Linn | $559,400 | $462,800 | 9.3% |
| West Portland | $462,300 | $379,000 | 2.8% |
| NW Washington County | $410,300 | $379,900 | 2.2% |
| Tigard/Tualatin/ Sherwood/Wilsonville | $377,100 | $340,000 | 4.1% |
| Milwaukie / Clackamas | $339,900 | $302,000 | 7.1% |
| Oregon City / Canby | $327,000 | $304,000 | 7.1% |
| Northeast Portland | $319,100 | $280,000 | 7.2% |
| Hillsboro / Forest Grove | $297,300 | $270,000 | 10.8% |
| Beaverton / Aloha | $289,200 | $262,000 | 3.2% |
| Gresham / Troutdale | $282,300 | $260,000 | 12.7% |
| Southeast Portland | $288,600 | $250,500 | 10.8% |
| Yamhill County | $279,600 | $250,000 | 11.2% |
| North Portland | $264,200 | $250,000 | 8.2% |
| Columbia County | $251,900 | $239,500 | 14.7% |
Appreciation percentages are based on a comparison of average price from the last 12 months (08/01/06 - 07/31/07) with 12 months before (08/01/05 - 07/31/06).
Source: RMLS, August 2007.
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Related posts:
- Market Activity - Sale Price Averages and Appreciation
- Oregon Home Price Appreciation Leads Nation
- 12-Month Portland Appreciation - November 2005 vs. November 2004
Entry Filed under: Market Activity
3 Comments Add your own
1. Jason Ganz | August 24th, 2007 at 7:20 pm
Great post! I am gonna share it with my own blog readers at jason.landbrokr.com ! Thanks.
2. Eric | August 26th, 2007 at 11:00 am
I think you mentioned you would have an update on the Portland condo market soon. Looking forward to it, as I’m really curious to see what’s happening in that sub-market.
Keep up the good work. I like your balanced, no-spin approach to assessing the market. I get whiplash reading on one hand the happy-talk from other realtors in the local media and on the other the doom-and-gloom rants of the bubble blogs.
Eric
3. Ron Ares | August 26th, 2007 at 12:08 pm
Eric,
Yes, I am working on the condo update this weekend. Look for it Monday or Tuesday. Thanks for the compliment as well.
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