Valley Real Estate Review Active Offices
August Active Listings
2008
2009 2009
7,848
% of Change
7,549
-3.81%
2001 2002 2003 2004 2005
332 338 359 392 442
Combined Sales Force 1,380 1,395 1,488 1,618 1,898
2006
487
2,131
16,585
10,587
$2,435,687,568
2007
505
2,194
18,425
8,899
$2,226,574,295
2008
481
1,898
16,957
5,954
$1,433,604,120
491
1,768
10,666
3,442
$733,042,740
2009 YTD
Total Listing Issued 14,233 13,869 14,377 15,105 15,307
Total Annual Sales 7,877 8,202 9,084 9,894 11,576
Total Annual Dollar Volume $1,152,263,314 $1,225,870,920 $1,468,312,025 $1,761,745,381 $2,302,562,120
1985 to 2009 (2009 year to date) Average Sales Prices (all types, all areas) 300,000 250,000 200,000 150,000 100,000 50,000 0
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
53,582 53,279 53,547 57,263 62,968 66,718 72,002 78,723 86,339 98,379 107,670 117,470 127,493 136,601 140,886 144,482 146,282 149,460 161,637 179,917 198,908 230,064 250,205 240,780 212,970
2008 to 1997 Closed Sales by Month
1400 1200 1000 800 600 400 200 0 JAN 311 380 646 800 808 510 568 559 415 454 566 457 521
FEB 267 421 676 737 656 575 550 498 442 455 423 477 414
MAR 381 541 714 917 920 761 723 657 653 635 625 620 569
APR 382 565 837 826 845 839 732 693 632 611 660 770 559
MAY 414 577 924 1025 1001 838 800 748 757 661 617 699 747
Number of Sales (year to date) 8
75217383
Thousands
7
6462 5909 6 5465 54065345 5174 5078 4861 5
4
4180 3442
3 2 1 0 1998 2000 2002 2004 2006 2008 1999 2001 2003 2005 2007 2009
JUNE 546 551 916 1064 1101 1027 795 825 757 733 819 824 709
JULY 584 617 871 937 1047 921 862 726 758 638 743 802 816
Number of Sales Year to date
AUG 557 528 889 1077 1143 991 879 759 760 674 892 757 743
Percent Increase/ Decrease From Previous Year
SEPT
OCT
NOV
DEC
528 685 896 1195 901 914 733 687 605 744 680 883
502 675 882 1017 829 930 740 821 635 709 713 769
386 543 765 971 680 665 643 562 617 579 571 593
358 523 671 823 764 670 621 652 534 657 593 527
Total Annual Dollar Volume 3000 2500 2000
2002 2003 2004 2005 2006 2007 2008 2009
6.44% 5.62% 8.12% 9.36% 16.39% -1.83% -43.38% -17.66%
Millions
2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1500 1000 500 0
1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Residential Average Sales Prices by Area (Year to Date)
Top Sales Terms (Year to Date)
300
2,000
Thousands
1,500
1,000
500
250 200 150
% Chg = Percent of change from previous year
AREA
Keizer 10 Central 20 SubEast 30 SubEast 35 Southeast 40 South 50 West 60 Benton 70 Linn 80 Marion 90 Polk 95 Total Average
OS
90 Marion
95
80 Linn
Polk
70 Benton
60 West
56
50
35
South
155
654
Southeast 40
1,657 673
1TD LSC
SubEast 35
VA
SubEast 30
CNV CSH FHA
Central 20
100
Keizer 10
0
Residential Average Sales Prices by Area
2005
% Chg 04/ 2005
2006
% Chg 05/ 2006
2007
% Chg 06/ 2007
2008
% Chg 07/ 2008
2009 Year to Date
$189,658
11.0%
$225,355
18.82%
$229,379
1.79%
$231,879
1.1%
$210,764
128,012
12.0%
154,369
20.59%
157,079
1.76%
153,849
-2.1%
145,226
159,430
7.8%
180,207
13.03%
206,858
14.79%
191,029
-7.7%
172,637
142,444
9.8%
162,865
14.34%
199,803
22.68%
192,505
-3.7%
188,600
207,514
14.5%
243,589
17.38%
276,266
13.41%
256,201
-7.3%
238,122
217,470
12.2%
262,437
20.68%
311,226
18.59%
288,442
-7.3%
261,274
233,278
18.3%
275,932
18.28%
294,995
6.91%
257,827
-12.6%
244,613
230,087
5.3%
273,058
18.68%
306,557
12.27%
299,687
-2.2%
279,732
145,597
14.8%
167,923
15.33%
194,920
16.08%
191,847
-1.6%
174,352
174,232
10.5%
209,524
20.26%
249,100
18.89%
231,951
-6.9%
215,020
165,458
10.3%
189,622
14.60%
232,396
22.56%
222,252
-4.4%
200,471
$199,754
10.9%
$232,943
16.61%
$249,203
6.98%
$240,406
-3.5%
$218,406
August 2009
New Contruction Statistics A member owned cooperative MLS Since 1949 New Construction Residential$
Area 10 Keizer
Units Sold 12 Mos to date
38
Average Sales Price
Area 30 Suburban NE
Area 35 Suburban SE
Area 40 SE Salem
Area 50 South Salem
Area 60 West Salem
Area 70 Benton County
Area 80 Linn County
Area 90 Marion County
Area 95 Polk County
19
8
16
86
26
53
49
157
77
38
$237,224
$173,540
$245,528
$180,487
$254,643
$381,676
$280,501
$323,622
$216,056
$276,034
$247,525
Average Square Footage
1,823
1,263
1,892
1,338
2,089
2,696
2,403
2,345
1,753
1,998
1,981
Average Cost per Square Foot
$130.00
$137.00
$130.00
$135.00
$122.00
$142.00
$117.00
$138.00
$123.00
$138.00
$125.00
Average Day on the Market
148
228
136
119
155
355
198
202
163
186
184
Currently Active Listings
27
104
8
21
116
39
108
54
136
95
34
New Construction Residential
Area 20 Central Salem
Sales 2004
Sales 2005
Sales 2006
Sales 2007
Sales 2008
Currently Active
Currently Pending
Units
1,512
2,047
1,812
1,426
864
807
112
Average Price
$199,604
$230,791
$262,089
$286,090
$275,896
$293,029
$231,625
Average Square Footage
1,775
1,905
1,929
2,013
1,995
1,949
1,872
Average Cost per Square Foot
$112.00
$121.00
$136.00
$142.00
$138.00
$150.00
$124.00
Average Days on the Market
153
151
162
174
183
204
106
Equal Housing Opportunity
Many factors contribute to fluctuations in data users should analyze over an extended period to ascertain market trends. copyright 2009 WVMLS all rights reserved
Residential Sales by Number of Bedrooms 5 Bedrooms
572
2,727
904
169
$147,896
$210,525
$278,223
$326,959
1,117
1,600
2,304
3,049
$132.00
$132.00
$121.00
$107.00
120
133
156
157
684
2,900
1,248
244
Units Sold
5 Bedrooms
4 Bedrooms
4 Bedrooms
3 Bedrooms
3 Bedrooms
Number Sold 12 Months Average Sales Price Av. Square Footage Average Cost Square Foot Days on Market Active on the Market
2 Bedrooms
2 Bedrooms
$
Sold Listings Days on Mkt Currently Active
500 400 300 200 100 0
40-49999 50-59999 60-69999 70-79999 80-89999 90-99999 100-109999 110-119999 120-129999 130-139999 140-149999 150-159999 160-169999 170-179999 180-189999 190-199999 200-224999 225-249999 250-274999 275-299999 300-349999 350-399999 400-449999 450-499999 500-749999 750-999999 1000000+
Units Sold / Days on Market/Active
Residential Listings by Price Range 12 Mos
Price Ranges
Residential Sold Price Analysis A R E A$
2007 Units Sold
2007 Dollar Volume
2008 Units Sold
10
412
$94504001
323
20
344
54035257
30
394
35
2008 Dollar Volume
2009 Units Sold YTD
Active on the Mkt
$74897020
168
228
274
42154634
154
81502005
224
42790668
348
69531312
188
40
703
194214790
50
296
60
2009 Dollar Volume YTD
Original Average List Price
Average Sales Price
% Sale to List
Days on the Mkt
Average Square Footage
Price Per Square Foot
$35408405
$227141
$210764
92.7
132
1742
$121.00
278
22364941
167480
145226
86.7
132
1431
101.00
164
179
28312612
188081
172637
91.7
122
1546
112.00
36190994
130
217
24518068
206464
188600
91.3
131
1550
122.00
524
134249831
286
499
68103103
260677
238122
91.3
135
1930
123.00
92122984
239
68937767
159
250
41542632
291853
261274
89.5
194
2083
125.00
454
133927944
359
92560017
208
419
50879580
268054
244613
91.2
140
2171
113.00
70
856
262412624
694
207983358
378
616
105738868
303102
279732
92.2
140
1911
146.00
80
1558
303684845
1001
192039504
564
1076
98335024
189934
174352
91.7
137
1530
114.00
90
963
239883006
544
126181680
348
684
74827167
243557
215020
88.2
156
1748
123.00
95
575
133627769
351
78010797
223
367
44705176
218514
200471
91.7
142
1670
120.00
OS
476
151019711
298
91182903
175
416
45161526
286219
258065
90.1
134
1868
138.00
New Listings by the Month 2500
Percent of Sales Price to List Price 2002
2000
2003
1500
2004
1000
100
92.7
86.7
91.7 90.1 91.7 91.3 91.3 89.5 91.2 92.2 91.7 88.2
80 60
2005
SEP 1122 1156 1094 1376 1452 1429 1414
OCT 1156 1237 1110 1171 1549 1571 1278
NOV 972 876 1041 1053 1176 1185 1039
DEC 701 935 841 843 834 819 799
2008
0
2009
Area OS
AUG 1247 1195 1350 1510 1661 1780 1343 1405
Area 95
JUL 1277 1419 1393 1311 1557 1655 1708 1460
Area 90
JUN 1160 1380 1367 1544 1781 2022 1647 1500
Area 80
MAY 1275 1211 1402 1367 1610 1980 1535 1358
Area 70
APR 1273 1296 1272 1386 1323 1699 1639 1275
Area 60
MAR 1285 1199 1412 1397 1395 1664 1609 1332
Area 50
FEB 1022 1291 1188 1129 1130 1327 1573 1160
Area 40
JAN 1271 1182 873 1231 1117 1284 1373 1176
20 Area 35
2002 2003 2004 2005 2006 2007 2008 2009
2007
Area 30
0
40
Area 20
2006
Area 10
500
Average Days on the Market Average Sales Price Per Square Foot By Area Including Lot
250 194
200
200 140 140 137
150 132 132 135 122 131
156
142 134
146
150 121
100 100
101
112
122
123
125
113
138 114
123
120
50 Area OS
Area 95
Area 90
Area 80
Area 70
Area 60
Area 50
Area 40
Area 35
Area 30
Area 20
50 Area 10
0
0 Area 10 Area 30 Area 40 Area 60 Area 80 Area 95 Area 20 Area 35 Area 50 Area 70 Area 90 Area OS
3421 25th St. SE Salem, Oregon 97302-1122 (503) 399-8657 1 800 944-3138 The Statistics presented in this update are compiled by the WVMLS. Statistics reflect sales made by member offices for properties listed in the Willamette Valley, Oregon. Many factors contribute to fluctuations in data. Users of this report should analyze data over an extended period to ascertain market trends. Information is deemed reliable but not guaranteed. Copyright 2009 WVMLS All rights reserved Executive Vice President/Editor Jay A. Gordon We welcome your comments and suggestions.
1999 to 2009 Ytd Residential Average/Median Sales Prices 300,000 250,000
Equal Housing Opportunity
All statistical reports are available on the web at WVMLS.COM
200,000 150,000 100,000 50,000
AREAS: Keizer
0
#
1999
10
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
140,886 144,482 146,282 153,589 164,103 180,172 199,754 232,943 249,203 240,406 218,406
Central Salem
20
Suburban East
30
Suburban SE
35
Southeast Salem
40
South Salem
50
West Salem
60
Benton County
70
Linn County
80
Marion County
90
Polk County
95
127,000 129,900 135,000 138,555 147,273 156,900 172,400 199,900 217,000 210,000 196,000
Factoid: The average new home sold in the Willamette Valley is a 3 bedroom, 2 bath with 2,054 square feet plus a 2 car garage. The average cost per square foot for a new home is $129.00 including a 7,000 square foot lot. Closed Sales July 2009 Full Year 2008 July 2008 Full Year 2007
New Listings
Pending Listings
584
1,460
981
Average Sales Price $201,113
% List Price to Sales Price 95.59%
5,954
16,957
4,056
$240,780
96.50%
617
1,708
459
$247,042
97.33%
8,899
18,425
5,889
$250,205
97.62%