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Monday August 1, 2011

First American Title's Executive Summary

WEST LINN, OR Single Family Homes

This Week The median list price in WEST LINN, OR this week is $449,000.

The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Real-Time Market Profile

Trend

Median List Price $ 449,000 Asking Price Per Square Foot $ 152 Average Days on Market (DOM) 190 Percent of Properties with Price Decrease 53 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 1% Median House Size (sq ft) 3079 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0

±+ ≠≠ ±+

Median Number of Bathrooms

Supply and Demand

Market Action Index

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

±+

No change

2.5

Strong Buyer's

12.1

≠≠

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

Price Market Action Index

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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

$ 839,400

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

4438

0.50 - 1.0 acre

4.0

3.5

16

76

4

1

258

Most expensive 25% of properties

$ 499,900

3400

8,001 10,000 sqft

4.0

3.0

14

76

6

6

177

Upper-middle 25% of properties

Lower/Third

$ 398,500

2838

0.25 - 0.50 acre

4.0

2.5

21

76

3

2

165

Lower-middle 25% of properties

Bottom/Fourth

$ 259,900

1822

0.25 - 0.50 acre

3.0

2.0

34

77

3

6

161

Least expensive 25% of properties

First American Title Market Update

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