Comments on: Portland Real Estate Activity - March 2008 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/ Portland Oregon Real Estate Resources Sat, 22 Nov 2008 00:35:08 +0000 http://wordpress.org/?v=2.6.3 By: Ron Ares http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44822 Ron Ares Thu, 17 Apr 2008 23:33:08 +0000 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44822 The Case-Shiller might be useful for comparing the 20 major metros it covers, but there is no index for micro-market segments like Hillsboro, NE Portland, or Gresham, etc. The Case-Shiller might be useful for comparing the 20 major metros it covers, but there is no index for micro-market segments like Hillsboro, NE Portland, or Gresham, etc.

]]> By: Uncle_Git http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44821 Uncle_Git Thu, 17 Apr 2008 23:24:34 +0000 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44821 Ron - the Case/Schiller index is probably about the most accurate IMHO - although it lags by a month or two. Certainly the appreciation numbers are more or less worthless in a market that's changing as quickly as this one. Ron - the Case/Schiller index is probably about the most accurate IMHO - although it lags by a month or two.

Certainly the appreciation numbers are more or less worthless in a market that’s changing as quickly as this one.

]]> By: Marcus http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44820 Marcus Thu, 17 Apr 2008 22:43:04 +0000 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44820 Thanks Ron. Your blog is very helpful. Thanks Ron. Your blog is very helpful.

]]> By: Ron Ares http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44818 Ron Ares Thu, 17 Apr 2008 21:51:20 +0000 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44818 Appreciation percentages are based on a comparison of average price from the last 12 months (04/01/07 - 03/31/08) with 12 months before (04/01/06 - 03/31/07). While I think it may be a useful method for looking at long-term appreciation, it tends to mask the most recent months' activity. Prices have flattened out. Many real estate practitioners are looking at month-over-month and year-over-year comparisons now. So, the March 2008 average sale price of $336,700 is roughly flat from the March 2007's result. Appreciation percentages are based on a comparison of average price from the last 12 months (04/01/07 - 03/31/08) with 12 months before (04/01/06 - 03/31/07). While I think it may be a useful method for looking at long-term appreciation, it tends to mask the most recent months’ activity. Prices have flattened out.

Many real estate practitioners are looking at month-over-month and year-over-year comparisons now. So, the March 2008 average sale price of $336,700 is roughly flat from the March 2007’s result.

]]> By: Marcus http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44817 Marcus Thu, 17 Apr 2008 21:36:27 +0000 http://www.repdx.com/2008/04/17/portland-real-estate-activity-march-2008/#comment-44817 How come all the 12 month appreciation numbers are positive bu multiple percentage points except Milwaukie / Clackamas yet Portland's average sales price is basically flat to last year? How come all the 12 month appreciation numbers are positive bu multiple percentage points except Milwaukie / Clackamas yet Portland’s average sales price is basically flat to last year?

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