Real EstateB inB Portland’s West Hills & 2010 Results!
WOW! A 23% increase in homes sales in the West Hills in 2010 vs. 2009! WhenB you see upper-end neighborhoods having an increase in the number of homes sold year over year it’s pretty powerful. Here are some of the details:
- Every single price range had an increase in closed sales except for $300k-$400k.
- Under $300k was up 41 units at a whopping 32% over 2009!
- $400k-$500k increased by 30 units and 63% in closed sales over 2009!
- $600-$700 increased by 27 units and 47% in closed sales over 2009!
- Looking at the market analyzer below, the listing bell curve remained pretty true to history and the trend I’m seeing in consistent areas now is consistent sales through the year, not just when the first time home buyer tax credit expired.
- Wow–absorption rates are crazy—in that they are steady all year long. For this graph, they list out all the listings for sale high to low and mark the 75th, the middle and the 25th percentiles…look how consistent 2010 was!
- The biggest ouch for this whole part of town was in the closing price vs. the most recent list price. Bouncing between -12% and -6% is an oucher. Hopefully listings priced right (this does not mean cheaply or below market) will be more consistent in 2011.
- The West Hills homes sole stats beat out those of NW Portland & SW Portland.
- See the area’s highlighted below for active MLS listings of homes for sale in the West Hills.
If you are looking at a scene of downtown Portland, the hills you see to the West and Southwest & then a bit over are all part of the real estate in Portland’s West Hills. Neighborhoods include: Arlington Heights, Forest Heights, Goose Hollow, Greenhills, Healy Heights, Hillside, Nob Hill, Northwest Heights, Portland Heights, Southwest Hills, Sylvan Heights, Westover, Willamette Heights.
In looking at stats and closed sales in 2010 vs. those in 2009, additional statB info is available for these West Hills neighborhoods: Westover, Forest Heights & Nob Hill.