Neighborhood Detail
Single Family Homes in
HAPPY VALLEY, OR 97086
Compliment of Fidelity National Title Company
This Week
Real-Time Market Profile
The median list price in HAPPY VALLEY, OR 97086 this week is $399,000. The 242 properties have been on the market for an average of 193 days.
Trend
Median List Price
$ 399,000
Average List Price
$ 438,854 $ 127
≠≠
Average Days on Market (DoM)
193
==
Inventory of Properties Listed
242
±+
Asking Price Per Square Foot
Most Expensive Listing
The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.
$ 1,998,888
Least Expensive Listing
$ 69,900
Average Age of Listing
14
Percent of Properties with Price Decrease
47 %
Percent Relisted (reset DOM)
14 %
Percent Flip (price increased)
10 %
Median House Size (sq ft)
3178
Median Lot Size
Supply and Demand
±+
8,001 - 10,000 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
Altos Research Value Statistics
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.
Market Action Index
Strong Buyer's
14.1
≠≠
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 a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 639,450
4565
0.25 - 0.50 acre
4.0
3.5
6
60
1
0
212
Most expensive 25% of properties
Upper/Second
$ 449,900
3545
0.25 - 0.50 acre
4.0
3.0
4
60
3
0
216
Upper-middle 25% of properties
Lower/Third
$ 344,900
2877
8,001 10,000 sqft
4.0
2.5
6
61
4
2
140
Lower-middle 25% of properties
Bottom/Fourth
$ 254,900
2096
8,001 10,000 sqft
3.0
2.5
27
61
4
4
207
Least expensive 25% of properties
Page 2 of 6
Monday August 15, 2011
Single Family Homes in
Neighborhood Detail
HAPPY VALLEY, OR 97086
Compliment of Fidelity National Title Company
Median Price 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.
7-day Average
90-day Average
Quartile Prices In most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to microlocation variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top
Page 3 of 6
Second/Upper
Third/Lower
Monday August 15, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
HAPPY VALLEY, OR 97086
Compliment of Fidelity National Title Company
Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 4 of 6
90-day Average
Monday August 15, 2011
Single Family Homes in
Neighborhood Detail
HAPPY VALLEY, OR 97086
Compliment of Fidelity National Title Company
Market Action Index The HAPPY VALLEY, 97086 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.11. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 6
Monday August 15, 2011
Single Family Homes in
Neighborhood Detail
HAPPY VALLEY, OR 97086
Compliment of Fidelity National Title Company
Days on Market The properties have been on the market for an average of 193 days. Half of the listings have come newly on the market in the past 102 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 6 of 6
Second/Upper
Third/Lower
Monday August 15, 2011
Fourth/Bottom