Looking at the Portland Metro area market in 2010, December continued the trend of decreased activity toward the end of the year. However, closed sales underwent an uptick in December, reaching the highest monthly level since June. Inventory also saw its lowest level since June. Closed sales were down 2.9% compared to December 2009, but pending sales were up 6%. New listings dropped 8.5%. Comparing the previous month of November 2010 with December 2010 shows closed sales jumped from 1,279 to 1,462 (14.3%). However, pending sales fell from 1,426 to 1,210(-15.2%), and new listings dropped from 2,437 to 1,925 (-22.2%).
The average sale price for December 2010 declined 5.2% compared to December 2009. The median sale price also fell 5%. Month to month, comparing November 2010 to December 2010, the average sale price went up from $271,900 to $278,000 (2.2%) while the median sale price dropped from $233,000 to $230,000 (-1.3%). For 2010, average sale price dropped 2.7% compared to 2009, and median sale prices fell 2.9%.
When comparing activity in 2010 with that of 2009, closed sales dipped 0.2%. Pending sales were 2.1% lower, but new listings were up 3.0%. Total sales volume for 2010 was $5.3 billion, down from $5.5 billion in 2009.
Source: RMLS
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A new park has been announced by the Lake Oswego City Council, and will be located at 120 State Street. It is named after Richard Sundeleaf. A prominent figure among the Lake Oswego community, Sundeleaf was a well-known architect. His design work can be seen throughout Lake Oswego, from residential homes to commercial buildings such as the Oswego Lake House restaurant & Lake Theatre.
City of Lake Oswego is offering a rebate program, but hurry its only while funds last! You can get a $75 rebate to replace your toliet with a 1.6 Ultra Low Flow standard model toliet, or you could get a $125 rebate for a high efficiency toliet. Your current waterloo must have been installed prior to 1996 to get the rebate.
