Valley Real Estate Review Active Offices
July 2013 2012 Active Listings Months of Inventory
2013
5,582
5,104
11.02
Combined Sales Force
Total Listing Issued
Total Annual Sales
Total Annual Dollar Volume
2004 2005 2006 2007
392 442 487 505
1,618 1,898 2,131 2,194
15,105 15,307 16,585 18,425
9,894 11,576 10,587 8,899
$1,761,745,381 $2,302,562,120 $2,435,687,568 $2,226,574,295
2008
481
1,898
16,957
5,954
$1,433,604,120
% of Change -8.56%
2009
493
1,725
14,807
5,869
$1,257,251,311
2010
484
1,607
14,870
5,772
$1,149,297,552
2011
456
1,433
11,783
5,788
$1,127,525,552
-22.96%
2012
461
1,417
11,654
6,541
$1,266,808,552
2013 Year to Date
465
1,477
7,975
4,297
$847,144,956
8.49
1988 to 2013 YTD Average Sales Prices (all types, all areas) 300,000 250,000 200,000 150,000 100,000 50,000 0
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
57,263 62,968 66,718 72,002 78,723 86,339 98,379 107,670 117,470 127,493 136,601 140,886 144,482 146,282 149,460 161,637 179,917 198,908 230,064 250,205 240,780 214,219 199,116 194,804 193,672 197,148
2013 to 1999 Closed Sales by Month
1400 1200 1000 800 600 400 200 0
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
7
Thousands
APR 599 489 436 551 382 565 837 826 845 839 732 693 632 611 660
MAY 739 592 536 639 414 577 924 1025 1001 838 800 748 757 661 617
63786306 5471
5030 5 4706
3
MAR 573 572 580 488 381 541 714 917 920 761 723 657 653 635 625
Number of Sales Year to Date
6
4
FEB 419 401 338 341 267 421 676 737 656 575 550 498 442 455 423
5584 4297 3652 355433243643 2885
2 1 0 2002 2004 2006 2008 2010 2012 2003 2005 2007 2009 2011 2013
JUNE 653 553 583 656 546 551 916 1064 1101 1027 795 825 757 733 819
JULY 802 622 478 473 584 617 871 937 1047 921 862 726 758 638 743
Number of Sales Year to date
AUG
SEPT
OCT
NOV
DEC
664 597 503 557 528 889 1077 1143 991 879 759 760 674 892
612 532 430 591 528 685 896 1195 901 914 733 687 605 744
594 468 418 635 502 675 882 1017 829 930 740 821 635 709
508 403 412 605 386 543 765 971 680 665 643 562 617 579
520 464 454 596 358 523 671 823 764 670 621 652 534 657
Percent Increase/ Decrease From Previous Year
3000 2500 2000
2005 2006 2007 2008 2009 2010 2011 2012 2013
16.58% -1.13% -11.45% -34.60% -21.00% 23.19% -6.47% 9.60% 17.95%
2001 2000 1999
Total Annual Dollar Volume
Millions
JAN 512 414 373 406 311 380 646 800 808 510 568 559 415 454 566
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
1500 1000 500 0
1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Residential Average Sales Prices by Area Year to Date
Top Sales Terms Year to Date
300
% 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
95 Polk
90 Marion
27
80
48
Linn
229
70
651
Benton
302
1,206
60
1,743
LSC
West
VA USDA 1TD
50
CNV CSH FHA
South
100
Southeast 40
0
150 SubEast 35
500
200
SubEast 30
1,000
250
Central 20
Thousands
1,500
Keizer 10
2,000
Residential Average Sales Prices by Area
2009
% Chg 08/ 2009
2010
% Chg 09/ 2010
2011
% Chg 10/ 2011
2012
% Chg 11/ 2012
2013 Year to Date
$204,747
-11.70%
$200,449
-2.10%
$186,257
-7.1%
$177,231
-4.8%
$192,054
144,558
-6.04%
121,048
-16.26%
110,633
-8.6%
101,111
-8.6%
120,570
172,070
-9.92%
164,755
-4.25%
150,713
-8.5%
131,690
-12.6%
147,446
184,831
-3.99%
174,089
-5.81%
153,768
-11.7%
155,072
0.8%
165,949
225,732
-11.89%
221,513
-1.87%
195,084
-11.9%
195,026
0.0%
213,622
259,896
-9.90%
254,274
-2.16%
239,344
-5.9%
244,789
2.3%
254,410
246,132
-4.54%
232,493
-5.54%
207,383
-10.8%
203,201
-2.0%
207,940
273,932
-8.59%
267,076
-2.50%
261,271
-2.2%
270,838
3.7%
277,956
176,117
-8.20%
158,356
-10.08%
145,832
-7.9%
157,402
7.9%
163,216
210,748
-9.14%
195,465
-7.25%
192,224
-1.7%
195,128
1.5%
196,052
198,532
-10.67%
196,252
-1.15%
171,895
-12.4%
181,584
5.6%
186,691
$215,432
-10.39%
205,406
-4.65%
$193,821
-5.6%
$196,867
1.6%
$206,616
July 2013
New Construction Statistics A member owned cooperative MLS Since 1949 New Construction Residential
Area 10 Keizer
Area 20 Central Salem
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
Units Sold 12 Mos to date
23
1
12
2
97
20
43
86
71
34
27
Average Sales Price
$203,372
$167,000
$172,372
$157,400
$244,765
$240,776
$211,922
$249,708
$195,464
$212,885
$233,259
Average Square Footage
1,707
1,608
1,695
1,549
1,901
1,759
1,778
1,898
1,729
1,604
1,738
Average Cost per Square Foot
$119.00
$103.00
$101.00
$101.00
$128.00
$136.00
$119.00
$131.00
$113.00
$132.00
$134.00
Average Day on the Market
163
103
149
92
157
127
164
149
122
132
148
Currently Active Listings
8
1
3
4
44
7
15
27
39
37
6
New Construction
Sales 2009
Sales 2010
Sales 2011
Sales 2012
Residential$
Sales 2013 Year to Date
Currently Active
Currently Pending
Units
687
632
400
347
266
195
72
Average Price
$250,339
$232,067
$217,526
$217,959
$227,536
$258,018
$247,865
Average Square Footage
1,855
1,926
1,806
1,786
1,805
1,918
1,986
Average Cost per Square Foot
$135.00
$120.00
$120.00
$122.00
$126.00
$134.00
$124.00
Average Days on the Market
182
183
206
165
143
104
55
Equal Housing Opportunity
Many factors contribute to fluctuations in data users should analyze over an extended period to ascertain market trends. copyright 2013 WVMLS all rights reserved
Residential Sales by Number of Bedrooms
Number Sold 12 Months Average Sales Price Av. Square Footage Average Cost Square Foot Days on Market Active on the Market
2 Bedrooms
3 Bedrooms
4 5 Bedrooms Bedrooms
791
3,681
1,367
224
$121,512
$190,731
$265,804
$301,817
1,180
1,633
2,328
2,901
$102.00
$116.00
$114.00
$104.00
147
137
153
157
386
1,551
727
198
Units Sold
2 Bedrooms 4 Bedrooms 3 Bedrooms 5 Bedrooms
Sold Listings Days on Mkt Currently Active
600 500 400 300 200 100 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 Active on the Market
2013 Dollar Volume Year to Date
Original Average List Price
Average Sales Price
% Sale to List
Days on the Mkt
Average Square Footage
Price Per Square Foot
$60790431
2013 Units Sold Year to Date 234
112
$44940728
$200609
$192054
95.7
120
1829
$105.00
275
27805594
172
92
20738159
131314
120570
91.8
135
1429
84.00
36472714
221
29103533
173
78
25508225
157399
147446
93.6
138
1554
94.00
196
30138541
238
36907361
141
78
23398850
179498
165949
92.4
160
1572
105.00
40
449
87592843
537
104729383
371
263
79254068
226853
213622
94.1
142
1943
109.00
50
205
49065569
244
59728735
180
146
45793836
278890
254410
91.2
149
2294
110.00
60
302
62629945
355
721316593
245
204
50945467
219291
207940
94.8
145
2030
102.00
70
699
182628785
793
214774891
578
388
160658958
289616
277956
95.9
108
1912
145.00
80
989
144227941
1034
162754153
697
628
113761715
174177
163216
93.7
141
1561
104.00
90
572
109952632
680
132687357
467
432
91556419
211500
196052
92.6
169
1721
113.00
95
310
53287605
356
64644125
252
265
47046202
203017
186691
91.9
165
1658
112.00
OS
416
94518115
438
103020158
217
265
55527613
278133
255887
92.0
164
1928
132.00
A R E A
2011 Units Sold
2011 Dollar Volume
2012 Units Sold
2012 Dollar Volume
10
279
$51965937
343
20
235
25998845
30
242
35
New Listings by the Month
40
2005 2006 2007 2008 2009 2010 2011 2012 2013
JAN 1231 1117 1284 1373 1176 1313 1049 935 862
FEB 1129 1130 1327 1573 1160 1355 920 950 1070
MAR 1397 1395 1664 1609 1332 1586 1122 983 1075
APR 1386 1323 1699 1639 1275 1382 1142 1049 1253
MAY 1367 1610 1980 1535 1358 1349 1134 1255 1286
JUN 1544 1781 2022 1647 1500 1384 1165 1219 1132
JUL 1311 1557 1655 1708 1460 1364 1097 1169 1297
AUG 1510 1661 1780 1343 1405 1437 1066 1091
SEP 1376 1452 1429 1414 1276 984 845 836
OCT 1171 1549 1571 1278 1144 1004 819 906
NOV 1053 1176 1185 1039 891 928 811 728
DEC 843 834 819 799 830 784 675 533
0
2012 2013
Area OS
20
2011
Area 95
2010
Area 90
0
60
Area 80
2009
92
80
Area 70
500
95.9 93.7 92.6 91.9 91.8 93.6 92.4 94.1 91.2 94.8
Area 60
2008
95.7
Area 50
1000
100
Area 40
2007
Area 35
1500
Percent of Sales Price to List Price (YTD)
Area 30
2006
120
Area 20
2005
2000
Area 10
2500
Average Days on the Market Year to Date Average Sales Price Per Square Foot By Area Including Lot (YTD)
200 160
150
135 138
169 165 164 142 149 145
120
200
141 108
100
50
132 105 84
94
105
109
110
102
104
113
112
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
145
150
100
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 2013 WVMLS All rights reserved Executive Vice President/Editor Jay A. Gordon We welcome your comments and suggestions.
2002 to 2013 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
# 10
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
153,589 164,103 180,172 199,754 232,943 249,203 240,406 215,432 205,406 193,821 196,867 206,616
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
138,555 147,273 156,900 172,400 199,900 217,000 210,000 192,000 180,050 169,000 169,000 180,000
Factoid: The average new home sold in the Willamette Valley is a 3 bedroom, 2 bath with 1,812 square feet plus a 2 car garage. The average cost per square foot for a new home is $127.00 including a 6,800 square foot lot. Closed Sales July 2013 Full Year 2012 July 2012 Full Year 2011
New Listings
Pending Listings
802
1,297
1,355
Average Sales Price $214,506
% List Price to Sales Price 96.23%
6,541
11,654
4,224
$193,672
96.01%
622
1,169
1,238
$194,252
97.43%
5,788
11,783
4,042
$194,804
94.68%