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Monday May 10, 2010

Fidelity's Executive Summary

BEAVERTON, OR 97007 Single Family Homes

This Week The median list price in BEAVERTON, OR 97007 this week is $277,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Real-Time Market Profile

Trend

Median List Price $ 277,000 Asking Price Per Square Foot $ 146 Average Days on Market (DOM) 155 Percent of Properties with Price Decrease 51 % Percent Relisted (reset DOM) 16 % Percent Flip (price increased) 4% Median House Size (sq ft) 1990 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0

±+ ≠≠ ==

Median Number of Bathrooms

Supply and Demand

Market Action Index

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

±+

No change

2.5

Strong Buyer's

16.5

==

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

Price

Market Action Index

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

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 Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles

7-Day Rolling Average

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Top/First

$ 450,000

Upper/Second

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Lot Size

Beds

Baths

Age Inventory New Absorbed DOM

3047

8,001 10,000 sqft

4.0

3.0

15

95

7

6

178

Most expensive 25% of properties

$ 299,990

2112

4,501 6,500 sqft

4.0

2.5

17

95

8

7

151

Upper-middle 25% of properties

Lower/Third

$ 250,000

1676

4,501 6,500 sqft

3.0

2.5

20

95

3

6

147

Lower-middle 25% of properties

Bottom/Fourth

$ 199,900

1466

4,501 6,500 sqft

3.0

2.0

31

95

5

16

145

Least expensive 25% of properties

Compliment of Fidelity National Title Company

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Beaverton Trends Report  

This is the trends report for the Beaverton area for this week

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