Portland Real Estate Market Performance, November 2006

Here are Portland-area communities’ average and median sale prices (year-to-date), plus a comparison of 12-month appreciation rates as of November 1, 2006. For a full commentary, read my previous market activity post, or my Market Activity page at ronares.com.

Area
YTD Average Sale Price
YTD Median Sale Price
12-Month Appreciation
Lake Oswego / West Linn
$538,100
$450,000
18.2%
West Portland
$451,800
$376,000
11.4%
NW Washington County
$402,900
$365,000
10.7%
Tigard/Tualatin/Sherwood/Wilsonville
$354,900
$320,000
12.5%
Milwaukie / Clackamas
$352,900
$307,500
21.2%
Oregon City / Canby
$322,200
$283,300
17.8%
Northeast Portland
$304,200
$265,000
16.9%
Beaverton / Aloha
$278,500
$250,000
14.2%
Hillsboro / Forest Grove
$278,000
$255,800
15.6%
Southeast Portland
$265,400
$233,000
15.5%
Gresham / Troutdale
$263,200
$245,900
14.3%
Yamhill County
$263,000
$229,000
21.7%
North Portland
$244,800
$234,900
19.7%
Columbia County
$227,000
$215,000
14.8%

[tags] Portland, Oregon, real estate, market, average, median, home, prices, appreciation [/tags]

November 22, 2006 · Filed Under Market Activity

Comments

3 Responses to “Portland Real Estate Market Performance, November 2006”

  1. Jan on November 24th, 2006 3:13 pm

    Hi Ron:
    Thanks for making it so easy for “data junkies” to get their “fix.” I’ve been watching neighborhood price appreciation for a year now, and find the latest stats interesting. I haven’t been tracking all neighborhoods, but it looks as if L.O. is appreciating more than it did last year, and that NoPo has fallen way behind its 2005 appreciation rate. If that’s true, is it fair to say that “high end” properties weather market turbulence better than “average” and “low end” properties? By the looks of the data, it seems that “high end” properties have been, so far, immune to downward market pressures. If my conclusions about the market are accurate, I’m wondering if it is because “high end” properties are in limited “supply,” compared to other sectors of the market, and therefore less likely to experience fluctuations in “demand”?

    Thanks,

    Jan

  2. Ron on November 28th, 2006 12:23 pm

    Hi Jan,

    I’m glad you like the monthly updates.

    My ‘thesis’ on high-end properties is that due to decent economic conditions (i.e. stock market, low inflation for now, low interest rates, employment growth, etc.), that high-end properties aren’t as affected as bread-and-butter 3 bed/2bath single family homes. Inventory is definitely a factor.

    I saw earlier in the year that Lake Oswego was appreciating at a slower pace than much of Portland, but anecdotally I’ve heard that $1M+ homes are selling briskly now. Properties with distinction, amenities, and good location will continue to be in high demand unless the economy tanks. Still a lot of out of state buyers inquiring.

  3. The Oregon News Blog » From Ron Ares’ re:PDX - Portland Real Estate Market Performance, November 2006 on December 4th, 2006 1:18 pm

    [...] Here are Portland-area communities’ average and median sale prices (year-to-date), plus a comparison of 12-month appreciation rates as of November 1, 2006. For a full commentary, read my previous market activity post, or my Market Activity page at ronares.com. Area YTD Average Sale Price YTD Median Sale Price 12-Month Appreciation Lake Oswego / West Linn $538,100 $450,000 18.2% West Portland $451,800 $376,000 11.4% NW […] Read more… [...]

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