Willamette Valley MLS Monthly Statistics January 2009
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0 50,000 100,000 150,000 200,000 250,000 300,000 1984 to 2008 Average Sales Prices (all types, all areas) 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 54,591 53,582 53,279 53,547 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 Active Offices Combined Sales Force Total Listing Issued Total Annual Sales Total Annual Dollar Volume 2001 332 1,380 14,233 7,877 $1,152,263,314 2002 338 1,395 13,869 8,202 $1,225,870,920 2003 359 1,488 14,377 9,084 $1,468,312,025 2004 392 1,618 15,105 9,894 $1,761,745,381 2005 442 1,898 15,307 11,576 $2,302,562,120 2006 487 2,131 16,585 10,587 $2,435,687,568 2007 505 2,194 18,425 8,899 $2,226,574,295 2008 481 1,898 16,957 5,954 $1,433,604,120 2008 Real Estate Review 0 200 400 600 800 1000 1200 1400 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 2008 to 1997 Closed Sales by Month 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC 380 421 541 565 577 551 617 528 528 502 386 358 646 676 714 837 924 916 871 889 685 675 543 523 800 737 917 826 1025 1064 937 1077 896 882 765 671 808 656 920 845 1001 1101 1047 1143 1195 1017 971 823 510 575 761 839 838 1027 921 991 901 829 680 764 568 550 723 732 800 795 862 879 914 930 665 670 559 498 657 693 748 825 726 759 733 740 643 621 415 442 653 632 757 757 758 760 687 821 562 652 454 455 635 611 661 733 638 674 605 635 617 534 566 423 625 660 617 819 743 892 744 709 579 657 457 477 620 770 699 824 802 757 680 713 571 593 521 414 569 559 747 709 816 743 883 769 593 527 0 500 1000 1500 2000 2500 3000 Millions 1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Total Annual Dollar Volume 785079638018 7233 7877 8202 9084 9894 11576 10587 8899 5954 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 0 2 4 6 8 10 12 14 Thousands Number of Sales Number of Sales Percent Increase/ Decrease From Previous Year 2000 -9.79% 2001 8.90% 2002 4.13% 2003 10.75% 2004 8.92% 2005 17.00% 2006 -8.54% 2007 -15.98% 2008 -33.06% January 2009 Active Listings 2008 2009 % of Change 6,402 6,956 8.65%
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General real estate monthly statistics for the Willamette Valley.
Transcript of Willamette Valley MLS Monthly Statistics January 2009
0
50,000
100,000
150,000
200,000
250,000
300,0001984 to 2008 Average Sales Prices (all types, all areas)
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
54,591 53,582 53,279 53,547 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
Active Offices
Combined Sales Force
Total Listing Issued
Total Annual Sales
Total Annual Dollar Volume
2001 332 1,380 14,233 7,877 $1,152,263,3142002 338 1,395 13,869 8,202 $1,225,870,920
2003 359 1,488 14,377 9,084 $1,468,312,0252004 392 1,618 15,105 9,894 $1,761,745,3812005 442 1,898 15,307 11,576 $2,302,562,1202006 487 2,131 16,585 10,587 $2,435,687,5682007 505 2,194 18,425 8,899 $2,226,574,2952008 481 1,898 16,957 5,954 $1,433,604,120
2008 Real Estate Review
0200400600800
100012001400
200820072006200520042003200220012000199919981997
2008 to 1997 Closed Sales by Month
200820072006200520042003200220012000199919981997
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC380 421 541 565 577 551 617 528 528 502 386 358646 676 714 837 924 916 871 889 685 675 543 523800 737 917 826 1025 1064 937 1077 896 882 765 671808 656 920 845 1001 1101 1047 1143 1195 1017 971 823510 575 761 839 838 1027 921 991 901 829 680 764568 550 723 732 800 795 862 879 914 930 665 670559 498 657 693 748 825 726 759 733 740 643 621415 442 653 632 757 757 758 760 687 821 562 652454 455 635 611 661 733 638 674 605 635 617 534566 423 625 660 617 819 743 892 744 709 579 657457 477 620 770 699 824 802 757 680 713 571 593521 414 569 559 747 709 816 743 883 769 593 527
0
500
1000
1500
2000
2500
3000
Milli
ons
19941996199719981999200020012002200320042005200620072008
Total Annual Dollar Volume
7850796380187233
787782029084
9894
1157610587
8899
5954
19971998
19992000
20012002
20032004
20052006
20072008
0
2
4
6
8
10
12
14
Thou
sand
s
Number of Sales Number ofSales
Percent Increase/DecreaseFrom Previous Year
2000 -9.79%2001 8.90%2002 4.13%2003 10.75%2004 8.92%2005 17.00%2006 -8.54%2007 -15.98%2008 -33.06%
January 2009ActiveListings
2008 2009 % of Change
6,402 6,956 8.65%
Kei
zer
10
Cen
tral
20
Su
bE
ast
30
Su
bE
ast
35
So
uth
east
40
So
uth
50
Wes
t
60
Ben
ton
7
0
Lin
n
80
Mar
ion
9
0
Po
lk
9
5
OS
100
150
200
250
300
350
Thousands
AREA 2004 %Chg
03/2004
2005 %Chg
04/2005
2006 %Chg
05/2006
2007 %Chg
06/2007
2008 %Chg
07/2008
Keizer 10
$170,910 4.34 $189,658 11.0% $225,355 18.82% $229,379 1.79% $231,879 1.1%
Central 20
114,336 4.71 128,012 12.0% 154,369 20.59% 157,079 1.76% 153,849 -2.1%
SubEast 30
147,962 4.56 159,430 7.8% 180,207 13.03% 206,858 14.79% 191,029 -7.7%
SubEast 35
129,690 -11.16 142,444 9.8% 162,865 14.34% 199,803 22.68% 192,505 -3.7%
Southeast 40
181,174 4.90 207,514 14.5% 243,589 17.38% 276,266 13.41% 256,201 -7.3%
South 50
193,863 -0.74 217,470 12.2% 262,437 20.68% 311,226 18.59% 288,442 -7.3%
West 60
197,247 2.39 233,278 18.3% 275,932 18.28% 294,995 6.91% 257,827 -12.6%
Benton 70
218,548 7.58 230,087 5.3% 273,058 18.68% 306,557 12.27% 299,687 -2.2%
Linn 80
126,797 -5.84 145,597 14.8% 167,923 15.33% 194,920 16.08% 191,847 -1.6%
Marion 90
157,636 -4.70 174,232 10.5% 209,524 20.26% 249,100 18.89% 231,951 -6.9%
Polk 95
149,960 -0.89 165,458 10.3% 189,622 14.60% 232,396 22.56% 222,252 -4.4%
Total Average
$180,172 9.79% $199,754 10.9% $232,943 16.61% $249,203 6.98% $240,406 -3.5%
Residential Average Sales Prices by Area% Chg = Percent of change from previous year
Residential Average Sales Prices by Area
0
1,000
2,000
3,000
4,000
CNV CSH FHA VA 1TD LSC3,758 993 598 193 71 50
Top Sales Terms
2008 New Construction Statistics
Many factors contribute to fluctuations in data - users should analyze over an extended period to ascertain market trends.
copyright 2009 WVMLS all rights reserved
New Construction
Residential
Sales2003
Sales2004
Sales2005
Sales2006
Sales2007
CurrentlyActive
CurrentlyPending
Units 1,484 1,512 2,047 1,812 1,426 987 65
Average Price $181,635 $199,604 $230,791 $262,089 $286,090 $310,260 $266,988
Average Square Footage
1,762 1,775 1,905 1,929 2,013 2,040 2,159
Average Cost per Square Foot
$104.00 $112.00 $121.00 $136.00 $142.00 $152.00 $124.00
Average Days on the Market
149 153 151 162 174 170 96
New ConstructionResidential
Area 10Keizer
Area 20 CentralSalem
Area 30Suburban
NE
Area 35Suburban
SE
Area 40SE
Salem
Area 50SouthSalem
Area 60WestSalem
Area 70BentonCounty
Area 80Linn
County
Area 90MarionCounty
Area 95Polk
County
Units Sold 12 Mos to date
37 1 11 16 98 41 73 103 264 114 69
Average Sales Price
$264,737 $210,000 $237,230 $214,203 $301,490 $385,866 $307,846 $349,516 $217,608 $281,588 $251,951
Average Square Footage
1,955 1,800 1,771 1,429 2,274 2,699 2,338 2,269 1,701 1,961 1,900
Average Cost per Square Foot
$135.00 $117.00 $134.00 $150.00 $133.00 $143.00 $132.00 $154.00 $128.00 $144.00 $133.00
Average Day on the Market
167 99 160 87 156 310 189 208 187 162 167
CurrentlyActive Listings
26 108 15 21 124 55 98 83 206 129 50
Equal HousingOpportunity
A member owned cooperative MLS Since 1949
January 2009
2Bedrooms
3 Bedrooms
4 Bedrooms
5 Bedrooms
Number Sold 12 Months
662 3,129 992 180
Average Sales Price
$158,671 $226,745 $298,825 $352,745
Av. Square Footage
1,104 1,587 2,266 2,871
Average Cost Square Foot
$144.00 $143.00 $132.00 $123.00
Days on Market
115 125 146 163
Active on the Market
521 2,437 1,079 222
2 B
edro
oms
3 B
edro
oms
4 B
edro
oms
5 B
edro
oms
UnitsSold
Residential Sales by Number of Bedrooms40
-499
9950
-599
9960
-699
9970
-799
9980
-899
9990
-999
9910
0-10
9999
110-
1199
9912
0-12
9999
130-
1399
9914
0-14
9999
150-
1599
9916
0-16
9999
170-
1799
9918
0-18
9999
190-
1999
9920
0-22
4999
225-
2499
9925
0-27
4999
275-
2999
9930
0-34
9999
350-
3999
9940
0-44
9999
450-
4999
9950
0-74
9999
750-
9999
9910
0000
0+
Price Ranges
0
100
200
300
400
500
600
700
Uni
ts S
old
/ Day
s on
Mar
ket/A
ctiv
e
Sold ListingsDays on MktCurrently Active
Residential Listings by Price Range 12 Mos
A R E A
2006UnitsSold
2006Dollar
Volume
2007UnitsSold
2007Dollar
Volume
2008Units Sold
Activeon theMkt
2008Dollar
Volume
Original Average List Price
Average Sales Price
% Sale
toList
Days on the Mkt
Average Square Footage
Price Per
Square Foot
10 450 $101409885 412 $94504001 323 207 $74897020 $244067 $231879 95.0 111 1702 $136.00
20 469 72399034 344 54035257 274 250 42154634 163931 153849 93.8 105 1364 113.00
30 567 102177561 394 81502005 224 186 42790668 206072 191029 92.7 110 1462 131.00
35 360 58631233 348 69531312 188 177 36190994 202723 192505 94.9 105 1439 134.00
40 804 195845887 703 194214790 524 433 134249831 279538 256201 91.6 129 1895 135.00
50 331 86866612 296 92122984 239 215 68937767 310639 288442 92.8 140 2090 138.00
60 526 145140013 454 133927944 359 323 92560017 276879 257827 93.1 140 2000 129.00
70 867 236740959 856 262412624 694 458 207983358 319123 299687 93.9 129 1890 159.00
80 1671 280599297 1558 303684845 1001 908 192039504 204570 191847 93.7 141 1533 125.00
90 921 192971879 963 239883006 544 577 126181680 251512 231951 92.2 133 1644 141.00
95 530 100499559 575 133627769 351 294 78010797 239346 222252 92.8 134 1622 137.00
OS 444 106886614 476 151019711 298 356 91182903 337603 305982 90.6 131 1722 178.00
95 93.8 92.7 94.9 91.6 92.8 93.1 93.9 93.7 92.2 92.8 90.6
Are
a 10
Are
a 20
Are
a 30
Are
a 35
Are
a 40
Are
a 50
Are
a 60
Are
a 70
Are
a 80
Are
a 90
Are
a 95
Are
a O
S0
20
40
60
80
100Percent of Sales Price to List Price
Residential Sold Price Analysis
111 105 110 105
129140 140
129141 133 134 131
Are
a 10
Are
a 20
Are
a 30
Are
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Are
a 40
Are
a 50
Are
a 60
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Are
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Are
a O
S
0
50
100
150Average Days on the Market
0
500
1000
1500
2000
25002001
2002
2003
2004
2005
2006
2007
200820012002200320042005200620072008
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC1308 1318 1366 1230 1450 1294 1194 1214 1150 1193 957 5651271 1022 1285 1273 1275 1160 1277 1247 1122 1156 972 7011182 1291 1199 1296 1211 1380 1419 1195 1156 1237 876 935873 1188 1412 1272 1402 1367 1393 1350 1094 1110 1041 841
1231 1129 1397 1386 1367 1544 1311 1510 1376 1171 1053 8431117 1130 1395 1323 1610 1781 1557 1661 1452 1549 1176 8341284 1327 1664 1699 1980 2022 1655 1780 1429 1571 1185 8191373 1573 1609 1639 1535 1647 1708 1343 1414 1278 1039 799
136
113131 134 135 138
129
159
125141 137
178
Area 10Area 20
Area 30Area 35
Area 40Area 50
Area 60Area 70
Area 80Area 90
Area 95Area OS
0
50
100
150
200
Average Sales Price Per Square FootBy Area Including Lot
New Listings by the Month
3421 25th St. SESalem, Oregon 97302-1122
(503) 399-86571 800 944-3138
The Statistics presented in this update are compiled by the WVMLS.Statistics reflect sales made by memberoffices for properties listed in theWillamette Valley, Oregon. Many factorscontribute to fluctuations in data.Users of this report should analyzedata over an extended period toascertain market trends. Informationis deemed reliable but not guaranteed.Copyright 2009 WVMLS All rights reserved
Executive Vice President/EditorJay A. GordonWe welcome your comments andsuggestions.
Closed Sales New Listings Pending Listings
Average Sales Price
% List Price to Sales Price
December2008
358 799 472 $218,226 95.40%
Full Year 2007 8,899 18,425 5,889 $250,205 97.62%
December2007
523 819 404 $225,649 96.23%
Full Year 2006 10,587 16,585 7,103 $230,064 98.62%
AREAS: #
Keizer 10
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
All statistical reports are available on the
web at WVMLS.COM
Factoid: The average new home sold in the Willamette Valley is a 3 bedroom, 2 bath with 2,042 square feet plus a 2 car garage. The average cost per square foot for a new home is $141.00 including a 7,000 square foot lot.
0
50,000
100,000
150,000
200,000
250,000
300,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
136,601 140,886 144,482 146,282 153,589 164,103 180,172 199,754 232,943 249,203 240,406
126,000 127,000 129,900 135,000 138,555 147,273 156,900 172,400 199,900 217,000 210,000
1998 to 2008 Residential Average/Median Sales Prices
Equal Housing Opportunity
