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2019

Market Report PORTLAND METRO

Cascade Sotheby’s International Realty is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information provided is “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.


2019 MARKET REPORT

Portland Metro Portland Metro includes: NW Portland, NE Portland, SW Portland, SE Portland, Beaverton, Gresham, Hillsboro, Lake Oswego, Oregon City, Tigard, Tualatin, West Linn, Wilsonville

ALL RESIDENTIAL

2018

2019

Total Units Sold

10,253

10,186

Total Sold Volume

$4,981,480,000

$4,944,773,000

Median Sales Price

$420,000

$425,000

5k

Average Days on Market

37

40

3

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

75

78

Total Sold Volume

$78,494,000

$92,170,000

16%

Median Sales Price

$775,000

$893,978

119k

Average Days on Market

68

78

TOWNHOMES & CONDOS

2018

2019

Total Units Sold

1,645

1,640

Total Sold Volume

$714,037,000

$652,033,000

9%

Median Sales Price

$340,000

$329,950

10k

Average Days on Market

50

58

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

67 .7%

COMPARISON

3

10

COMPARISON

5

8


2019 MARKET REPORT

NW Portland County: Multnomah

COMPARISON

ALL RESIDENTIAL

2018

2019

Total Units Sold

1,263

1,191

72

Total Sold Volume

$698,992,000

$653,936,000

7%

Median Sales Price

$544,995

$543,000

2k

Average Days on Market

33

43

10

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

22

14

Total Sold Volume

$20,067,000

$11,587,000

Median Sales Price

$807,500

$822,500

Average Days on Market

59

54

TOWNHOMES & CONDOS

2018

2019

Total Units Sold

166

149

Total Sold Volume

$40,480,000

$38,172,000

6%

Median Sales Price

$226,950

$242,000

15k

Average Days on Market

28

42

14

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

8 54% 15k 5

COMPARISON

17


2019 MARKET REPORT

NE Portland

County: Multnomah

ALL RESIDENTIAL

2018

2019

Total Units Sold

2,628

2,605

23

Total Sold Volume

$1,233,575,000

$1,244,721,000

1%

Median Sales Price

$415,000

$425,000

10k

Average Days on Market

33

35

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

1

1

Total Sold Volume

$343,000

$560,000

48%

Median Sales Price

$343,000

$560,000

217k

Average Days on Market

41

290

249

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

228

245

17

Total Sold Volume

$72,152,000

$77,302,000

7%

Median Sales Price

$270,000

$270,000

Average Days on Market

37

47

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

2

COMPARISON

COMPARISON

10


2019 MARKET REPORT

SW Portland County: Multnomah

ALL RESIDENTIAL

2018

2019

Total Units Sold

2,836

2,825

Total Sold Volume

$1,739,254,000

$1,693,411,000

3%

Median Sales Price

$519,700

$525,000

5k

Average Days on Market

48

52

4

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

63

67

Total Sold Volume

$71,769,000

$86,732,000

19%

Median Sales Price

$829,000

$1,005,000

176k

Average Days on Market

70

74

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

1,024

966

Total Sold Volume

$520,197,000

$440,231,000

17%

Median Sales Price

$399,900

$370,000

30k

Average Days on Market

55

65

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

11

COMPARISON

4

4 COMPARISON

58

10


2019 MARKET REPORT

SE Portland

County: Multnomah

ALL RESIDENTIAL

2018

2019

Total Units Sold

3,549

3,499

50

Total Sold Volume

$1,486,815,000

$1,472,384,000

1%

Median Sales Price

$375,000

$375,000

Average Days on Market

34

36

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

10

9

Total Sold Volume

$6,127,000

$4,519,000

30%

Median Sales Price

$455,000

$475,000

20k

Average Days on Market

43

91

48

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

272

267

Total Sold Volume

$83,688,000

$80,601,000

4%

Median Sales Price

$285,800

$284,000

2k

Average Days on Market

42

43

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

2

COMPARISON

1

COMPARISON

5

1


2019 MARKET REPORT

Beaverton Zip Codes: 97005, 97007, 97075, 97077, 97225, 97006, 97008, 97076, 97223, 97229 Population: 97,514 County: Washington

ALL RESIDENTIAL

2018

2019

COMPARISON

Total Units Sold

2,341

2,315

26

Total Sold Volume

$933,612,000

$951,277,000

2%

Median Sales Price

$380,000

$397,900

18k

Average Days on Market

27

32

5

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

24

15

Total Sold Volume

$27,583,000

$12,246,000

77%

Median Sales Price

$808,158

$720,500

88k

Average Days on Market

112

124

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

346

320

26

Total Sold Volume

$83,242,000

$79,092,000

5%

Median Sales Price

$246,450

$250,000

4k

Average Days on Market

22

30

8

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

9

12 COMPARISON


2019 MARKET REPORT

Gresham Zip Codes: 97030, 97080, 97233 Population: 111,053 County: Multnomah

ALL RESIDENTIAL

2018

2019

Total Units Sold

1,102

1,179

Total Sold Volume

$380,874,000

$427,401,000

12%

Median Sales Price

$340,000

$353,000

13k

Average Days on Market

33

45

12

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

26

32

Total Sold Volume

$13,164,000

$19,277,000

Median Sales Price

$507,500

$578,950

71k

Average Days on Market

71

106

35

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

102

94

Total Sold Volume

$19,520,000

$17,798,000

9%

Median Sales Price

$185,000

$183,000

2k

Average Days on Market

20

45

25

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

77

COMPARISON

6 38%

COMPARISON

8


2019 MARKET REPORT

Hillsboro Zip Codes: 97123, 97124, 97006 Population: 106,894 County: Washington

ALL RESIDENTIAL

2018

2019

Total Units Sold

1,382

1,463

Total Sold Volume

$548,910,000

$615,240,000

11%

Median Sales Price

$375,000

$393,500

19k

Average Days on Market

28

34

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

54

54

Total Sold Volume

$39,489,000

$41,694,000

5%

Median Sales Price

$692,000

$720,000

28k

Average Days on Market

63

71

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

106

113

Total Sold Volume

$27,960,000

$30,719,000

9%

Median Sales Price

$266,250

$270,000

4k

Average Days on Market

20

29

9

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

81

6

COMPARISON

8 COMPARISON

7


2019 MARKET REPORT

Lake Oswego Zip Codes: 97034, 97035 Population: 39,196 Counties: Clackamas, Multnomah, Washington

ALL RESIDENTIAL

2018

2019

Total Units Sold

1,009

930

79

Total Sold Volume

$740,330,000

$702,562,000

5%

Median Sales Price

$628,000

$620,000

8k

Average Days on Market

45

52

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

16

15

Total Sold Volume

$25,208,000

$34,389,000

31%

Median Sales Price

$1,110,000

$1,998,000

888k

Average Days on Market

76

58

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

204

196

Total Sold Volume

$58,570,000

$59,366,000

1%

Median Sales Price

$233,250

$255,725

22k

Average Days on Market

38

48

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

7

COMPARISON

1

18 COMPARISON

8

10


2019 MARKET REPORT

Oregon City Zip Codes: 97054 Population: 36,360 County: Clackamas

ALL RESIDENTIAL

2018

2019

Total Units Sold

900

918

18

Total Sold Volume

$396,015,000

$424,486,000

7%

Median Sales Price

$415,000

$435,000

20k

Average Days on Market

40

41

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

151

164

13

Total Sold Volume

$97,013,000

$103,968,000

7%

Median Sales Price

$553,444

$553,225

219

Average Days on Market

56

57

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

9

4

Total Sold Volume

$1,899,000

$979,000

64%

Median Sales Price

$208,000

$237,450

29k

Average Days on Market

89

49

40

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

1

COMPARISON

1 COMPARISON

5


2019 MARKET REPORT

Tigard Zip Codes: 97223, 97224, 97281 Population: 53,148 County: Washington

ALL RESIDENTIAL

2018

2019

Total Units Sold

1,073

1,003

70

Total Sold Volume

$484,040,000

$452,097,000

7%

Median Sales Price

$437,700

$440,000

2k

Average Days on Market

35

34

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

9

4

Total Sold Volume

$5,779,000

$3,440,000

51%

Median Sales Price

$630,000

$850,000

220k

Average Days on Market

50

112

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

87

90

Total Sold Volume

$20,562,000

$22,002,000

7%

Median Sales Price

$238,000

$252,250

14k

Average Days on Market

33

33

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

1

COMPARISON

5

62 COMPARISON

3


2019 MARKET REPORT

Tualatin Zip Codes: 97062 Population: 27,478 Counties: Washington, Clackams

ALL RESIDENTIAL

2018

2019

Total Units Sold

382

366

16

Total Sold Volume

$183,185,000

$173,598,000

5%

Median Sales Price

$461,250

$465,000

4k

Average Days on Market

31

34

3

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

18

16

Total Sold Volume

$16,855,000

$13,005,000

26%

Median Sales Price

$917,000

$759,000

158k

Average Days on Market

109

71

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

45

46

Total Sold Volume

$11,261,000

$11,969,000

6%

Median Sales Price

$245,000

$253,500

9k

Average Days on Market

19

36

17

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

COMPARISON

2

38 COMPARISON

1


2019 MARKET REPORT

West Linn Zip Codes: 97068 Population: 26,703 County: Clackamas

ALL RESIDENTIAL

2018

2019

Total Units Sold

587

623

Total Sold Volume

$338,721,000

$374,501,000

10%

Median Sales Price

$532,500

$555,000

23k

Average Days on Market

47

48

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

42

53

Total Sold Volume

$48,846,000

$63,261,000

26%

Median Sales Price

$1,015,250

$1,060,000

45k

Average Days on Market

92

106

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

64

76

Total Sold Volume

$15,194,000

$19,665,000

26%

Median Sales Price

$238,500

$270,000

32k

Average Days on Market

36

41

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

36

1

COMPARISON

11

14 COMPARISON

12

5


2019 MARKET REPORT

Wilsonville Zip Codes: 97070 Population: 24,058 Counties: Clackamas, Washington

ALL RESIDENTIAL

2018

2019

Total Units Sold

589

506

Total Sold Volume

$279,940,000

$252,114,000

10%

Median Sales Price

$434,154

$460,000

26k

Average Days on Market

39

48

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

23

14

Total Sold Volume

$29,917,000

$21,659,000

32%

Median Sales Price

$1,200,000

$1,517,675

317k

Average Days on Market

62

73

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

31

54

Total Sold Volume

$7,946,000

$14,033,000

Median Sales Price

$250,000

$255,000

5k

Average Days on Market

42

58

16

( > 1 ACRE )

*From RMLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

83

9

COMPARISON

9

11 COMPARISON

23 55%


Our Offices OREGON COAST

PORTLAND AREA

CENTRAL OREGON

Gearhart

Pearl District

Bend - Downtown

1321 NW Hoyt St Portland, OR 97209 503.420.8600

821 NW Wall Street Bend, OR 97702 541.383.7600

Cannon Beach

NE Portland

Bend - Old Mill (HQ)

2236 NE Broadway St Portland, OR 97232 503.420.8600

650 SW Bond Street, Suite 100 Bend, OR 97702 541.383.7600

Manzanita

Vancouver WA

Sisters

Lake Oswego

Sunriver

Beaverton

COLUMBIA RIVER GORGE

587 Pacific Way, PO Box 2300 Gearhart, OR 97138 503.738.5100

130 North Hemlock, Suite 1 Cannon Beach, OR 97110 503.436.9000

467 Laneda Avenue, Box 820 Manzanita, OR 97130 503.368.6609

Lincoln City

1831 SW HWY 101 Lincoln City, OR 97367 541.994.5221

900 Washington Street Suite 150 Vancouver, WA 98660 360.419.5600

310 N. State Street, Suite 102 Lake Oswego, OR 97034 503.420.8650

8880 SW Nimbus Ave, Suite C Beaverton, OR 97008 503.537.4925

290 East Cascade Avenue, PO Box 609 Sisters, OR 97759 541.588.6614

57100 Beaver Drive, Building 5, Suite 150 Sunriver, OR 97707 541.593.2122

Hood River

116 3rd St, Suite 209 Hood River, OR 97031 541.716.0701

Cascade Sotheby’s International Realty is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information provided is “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

Profile for Cascade Sotheby's International Realty

2019 Market Report | Portland  

2019 Portland Real Estate Market Report

2019 Market Report | Portland  

2019 Portland Real Estate Market Report