Beaverton Oregon Real Estate Market Update-February 2011

The real estate market in Beaverton Oregon finished January with 102 closed sales, which is down from 148 & 126 closed sales recorded during last December and November respectively.  Of the 102 closed sales in January, 53 were distressed properties (foreclosures/short sales) representing 52% of the closed sales for the month.

The inventory level is lowest in the up to $250K price bracket at 9.1 months and overall it is at 10.1 months worth across all price brackets based solely on the January closed sales rate.  Looking back over the last three months average closed sales rate, the inventory picture improves to 8.3 months worth across all price brackets.

The average sold price in January was $205K which is an increase of $3K, compared to $202K in December.  Similarly, the median sold price in January increased to $189K, up from $183K in December.  The average price of the active listings ($240K) is higher than the average sold prices in January by $35K while the median price for the active listings ($210K) is higher by $21K than the comparable median sold prices in January as well.

To see the full details of this market update along with all active real estate listings in Beaverton, click on the above link back to our Zillow profile page and then click on the link for our blog.  We welcome your questions or comments!

  • February 24 2011 - Beaverton
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