Monday September 19, 2011
First American Title's Executive Summary
HAPPY VALLEY, OR 97086 Single Family Homes
This Week The median list price in HAPPY VALLEY, OR 97086 this week is $399,900. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Real-Time Market Profile
Trend
Median List Price $ 399,900 Asking Price Per Square Foot $ 129 Average Days on Market (DOM) 199 Percent of Properties with Price Decrease 48 % Percent Relisted (reset DOM) 14 % Percent Flip (price increased) 8% Median House Size (sq ft) 3145 Median Lot Size 8,001 - 10,000 sqft 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
13.4
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
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.
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
$ 599,900
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
4385
0.25 - 0.50 acre
4.0
3.5
6
57
2
0
231
Most expensive 25% of properties
$ 444,900
3522
0.25 - 0.50 acre
4.0
3.0
6
57
4
3
208
Upper-middle 25% of properties
Lower/Third
$ 349,900
2768
8,001 10,000 sqft
4.0
2.5
6
57
1
2
173
Lower-middle 25% of properties
Bottom/Fourth
$ 259,925
2114
8,001 10,000 sqft
3.0
2.5
26
58
3
2
184
Least expensive 25% of properties
First American Title Market Update
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