After being asked the question many times as to how much have property values decreased, I put together this chart based on year end data from the MLS. This has helped sellers significantly understand the impact of 2009 on their properties and calm some fears after hearing some of the low prices that properties have sold for. This chart shows that on average, values lost in the Portland Metro Region of Oregon ran -12% to -15% in 2009. It helps clients understand the actual $ impact on average sales prices are and the long Days on Market that are still dogging us here. We, as brokers here in Yamhill County Oregon, are planning for an improving market. Stay tuned as the year moves along and Please share with me how your market is trending.
Market Value Highlights from 2008 to 2009 for Portland Metro Counties in Oregon
Ave Sale Price Total Sales DOM
Portland Metro
2009 Year End $289,900 18,955 141
2008 Year End $330,300 19,132 122
Ave Value Change -12.2%
Yamhill County
2009 Year End $227,300 799 197
2008 Year End $266,800 856 40
Ave Value Change -14.8%
Polk/Marion
2009 Year End $203,600 886 159
2008 Year End $252,500 632 38
Ave Value Change -15.0%
Tig/Tual/Sher Wil
2009 Year End $316,000 1,529 178
2008 Year End $352,600 1,598 85
Ave Value Change -10.3%
Beav/Aloha
2009 Year End $241,100 1,927 122
2008 Year End $273,800 1877 115
Ave Value Change -11.9%
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