Real Estate Market Update for Happy Valley

Page 1

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


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