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Fidelity's MARKET UPDATE WILSONVILLE, 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 November 23, 2009

· 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 Compliment of Fidelity National Title Company

WILSONVILLE, OR

This Week

Real-Time Market Profile

The median list price in WILSONVILLE, OR this week is $399,900. The 114 properties have been on the market for an average of 153 days.

Trend

Median List Price

$ 399,900

Average List Price

$ 540,599 $ 174

≠≠

Average Days on Market (DoM)

153

==

Inventory of Properties Listed

114

≠≠

Asking Price Per Square Foot

Most Expensive Listing

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.

$ 3,360,500

Least Expensive Listing

$ 19,850

Average Age of Listing

19

Percent of Properties with Price Decrease

44 %

Percent Relisted (reset DOM)

13 %

Percent Flip (price increased)

2%

Median House Size (sq ft)

2451

Median Lot Size

Supply and Demand

±+

8,001 - 10,000 sqft

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Market Action Index

Strong Buyer's

15.2

==

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

$ 797,475

3581

0.25 - 0.50 acre

4.0

3.0

19

28

2

0

149

Most expensive 25% of properties

Upper/Second

$ 486,500

2827

4,501 6,500 sqft

4.0

2.5

18

28

3

2

157

Upper-middle 25% of properties

Lower/Third

$ 369,900

2204

8,001 10,000 sqft

4.0

2.5

17

29

0

2

153

Lower-middle 25% of properties

Bottom/Fourth

$ 299,000

1685

4,501 6,500 sqft

3.0

2.0

19

29

1

4

153

Least expensive 25% of properties

Page 2 of 6

Monday November 23, 2009


City Overview

WILSONVILLE, OR

Compliment of Fidelity National Title Company

Median Price 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.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices across the quartiles of this zip code not tightly correlated recently. Prices in Quartile 1 and 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the market.

First/Top

Page 3 of 6

Second/Upper

Third/Lower

Monday November 23, 2009

Fourth/Bottom


City Overview

WILSONVILLE, OR

Compliment of Fidelity National Title Company

Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 4 of 6

90-day Average

Monday November 23, 2009


City Overview

WILSONVILLE, OR

Compliment of Fidelity National Title Company

Market Action Index The WILSONVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.16. 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, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

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 November 23, 2009


City Overview

WILSONVILLE, OR

Compliment of Fidelity National Title Company

Days on Market The properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in the past 147 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 November 23, 2009

Fourth/Bottom

Wilsonville Market Update  

The Laue Team Wilsonville Real Estate Market Update 11-24-09

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