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Fidelity's MARKET UPDATE WEST LINN, OR

· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of January 18, 2010

· Presented by Jeff Meucci Fidelity National Title www.fidelityportland.com - jeff.meucci@fnf.com (503) 223-8338

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC


City Overview

Single Family Homes in

Compliment of Fidelity National Title Company

WEST LINN, OR

This Week

Real-Time Market Profile

The median list price in WEST LINN, OR this week is $524,700. The 264 properties have been on the market for an average of 177 days.

Trend

Median List Price

$ 524,700

Average List Price

$ 705,684 $ 176

≠≠

Average Days on Market (DoM)

177

≠≠

Inventory of Properties Listed

264

±+

Asking Price Per Square Foot

Most Expensive Listing

The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.

$ 6,850,850

Least Expensive Listing

$ 115,000

Average Age of Listing

22

Percent of Properties with Price Decrease

39 %

Percent Relisted (reset DOM)

16 %

Percent Flip (price increased)

3%

Median House Size (sq ft)

3120

Median Lot Size

Supply and Demand

≠≠

0.25 - 0.50 acre

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

13.6

≠≠

The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 1,024,475

4826

1.0 - 2.5 acres

4.0

4.0

10

66

3

1

230

Most expensive 25% of properties

Upper/Second

$ 599,498

3500

0.25 - 0.50 acre

4.0

3.0

12

66

6

2

172

Upper-middle 25% of properties

Lower/Third

$ 459,450

2900

8,001 10,000 sqft

4.0

2.5

17

66

3

4

155

Lower-middle 25% of properties

Bottom/Fourth

$ 299,700

1904

8,001 10,000 sqft

3.0

2.0

33

66

4

4

151

Least expensive 25% of properties

Page 2 of 6

Monday January 18, 2010


Single Family Homes in

City Overview

WEST LINN, OR

Compliment of Fidelity National Title Company

Median Price This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.

7-day Average

90-day Average

Quartile Prices Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.

First/Top

Page 3 of 6

Second/Upper

Third/Lower

Monday January 18, 2010

Fourth/Bottom


Single Family Homes in

City Overview

WEST LINN, OR

Compliment of Fidelity National Title Company

Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.

7-day Average

Page 4 of 6

90-day Average

Monday January 18, 2010


Single Family Homes in

City Overview

WEST LINN, OR

Compliment of Fidelity National Title Company

Market Action Index The WEST LINN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 13.59. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory. Page 5 of 6

Monday January 18, 2010


Single Family Homes in

City Overview

WEST LINN, OR

Compliment of Fidelity National Title Company

Days on Market The properties have been on the market for an average of 177 days. Half of the listings have come newly on the market in the past 154 or so days.

7-day Average

90-day Average

Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Page 6 of 6

Second/Upper

Third/Lower

Monday January 18, 2010

Fourth/Bottom


West Linn Market Upate