Real Estate in Beaverton & 2010 Results
Homes for Sale in Beaverton & Aloha include the following neighborhoods: Aloha, Aloha North, Bel-Air, Cedar Hills, Commercial, Commonwealth, Cooper Mountain, Downtown Beaverton, Greenway, Hart, Highland Hills, Murray Hill, Royal Woodland, Sexton Mountain, Sorrento Ridge, Tanasbourne East, Twin Cedars, Whitford. All stats below include each of these areas.
Looking at Beaverton home sales for 2010 there was a ton of activity and overall it missed 2009 closings by 100 units or -5%.
- Homes under $200k was the magic number with an increase in closings of 20%
- The range of $400k-$700k increased over 2009 by just 8 units.
- Scrolling down to the market analyzer, listings peaked in August and closing peaked in May–obviously impacted by the first time home buyer tax credit.
- Good to see however, that closed sales continued consistently through the end of the year.
- The final chart is an important one–closed sales price vs. most recent list price. Beaverton in general bounced between -6 to -10% in this category.
- Bank owned & distressed properties do make an impact on all of this, however in looking at the current picture, there are just above 100 REO properties on the market right now in all ofB Beaverton—so if all of those sell this year, that’s just 5% of total closed sales from 2010.
- Additional neighborhood detail for: Cooper Mountain, Hart, Highland Hills, Murray Hill & Sexton Mountain.
Here’s to a better, stronger and more stable year for Beaverton Real Estate in 2011!
