How ManyB HomesB Sold in NW Portland in 2010?B
If you were to guess about homes sold in NW Portland in 2010 vs. 2009, would you assumeB total homes soldB were higher or lower? Hmmmm, would you be shocked to know that raw overall home sales in NW Portland were up 13% in 2010 vs. 2009?
Out of the nine neighborhoods inB Northwest PortlandB : B Bethany, Bonny Slope, Catlin Crest, Cedar Mill, Oak Hills, Rock Creek, Somerset, West Haven & Windemere, not every area had a stellar year and yet for an overall area to be 13% up on raw sales over LY, it’s very encouraging for what we hope will be an even stronger 2011.
Northwest Portland Real Estate 2010:
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NW Portland Sold Homes Details:
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Looking at the 100+Solds under $500k (= a 17% increase over LY!!) shows clearly the price point in which homes are moving in NW Portland overall.
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Condos, Attached homes, Short Sale & Bank Owned property under $250k drove those numbers.
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The second best sweet spot was between $300k-$350k
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Price point between $500-$600k was the biggest sticking point with an 11% decrease in solds vs. 2009.
Other NW Portland Neighborhood Sold Homes Data 2010:
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Sold Homes in Bethany
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Sold Homes in Bonny Slope
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Sold Homes in Catlin Crest
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Sold Homes in Cedar Mill
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Sold Homes in Oak Hills
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Sold Homes in Rock Creek
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Sold Homes in Somerset
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Sold Homes in West Haven
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Sold Homes in Windemere
NW Portland Real Estate Market Analyzer:
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Below is the market analyzer which shows us listings vs. solds, average sales price and the median price ranges.
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Homes are closing at an average of -7% under the most recent list price
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15% closing rate of solds to listings
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