LO Market update

MARKET UPDATEFidelity's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofMarch 15, 2010

· Presented by Jeff MeucciFidelity National Titlewww.fidelityportland.com - [email protected](503) 223-8338

LAKE OSWEGO, OR

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC

Median List Price

Median Lot Size

13.0

Percent Relisted (reset DOM)

2916

2.5

3 %

Median Number of Bathrooms

199

Inventory of Properties Listed

$ 217

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 599,900

38 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

20 %

Percent of Properties with Price Decrease

Strong Buyer's

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

7 34320

1502.5 32

3.0

10

206

4.0 110

166

3

3

0.25 - 0.50acre

43

$ 519,450

11

3

111

3.5

8,001 -10,000 sqft

63.0

1975 8,001 -10,000 sqft

110

$ 360,000

4.0

274

0.25 - 0.50acre$ 772,450

4.0$ 1,324,950

20

11

3322

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.

Monday March 15, 2010

Compliment of Fidelity National Title Company

110

2712

2.0

The median list price in LAKEOSWEGO, OR this week is $599,900.The 441 properties have been on themarket for an average of 199 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

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LAKE OSWEGO,OR

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

441

$ 19,500,000

$ 159,500

$ 883,528

31

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Homes in


City OverviewLAKE OSWEGO,

OR


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket Action Index as a leading indicator of the bottom of the market.

First/Top Second/Upper Third/Lower Fourth/Bottom

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OR


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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OR


Market Action IndexThe LAKE OSWEGO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 12.97. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.

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OR


Days on MarketThe properties have been on the market for an average of 199 days. Half of the listings have come newly on the market in thepast 182 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Median List Price

Median Lot Size

14.6


2373

2.5

6 %


180


$ 200


0.25 - 0.50 acre


$ 484,950

37 %

3.0

Market Action Index



21 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


11 43368

1672.5 26

3.0

4

138

3.0 41

185

5

2

0.25 - 0.50acre

46

$ 399,900

4

1

41

3.0

8,001 -10,000 sqft

22.5

1711 0.25 - 0.50acre

41

$ 319,000

4.0

230

8,001 -10,000 sqft$ 549,900

4.0$ 837,450

24

6

2841

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.



40

2157

2.0

The median list price in LAKEOSWEGO, OR 97035 this week is$484,950. The 163 properties havebeen on the market for an average of180 days.






No change



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LAKE OSWEGO,OR 97035

Neighborhood Detail


Average List Price


163

$ 7,500,000

$ 159,500

$ 642,500

29

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Neighborhood DetailLAKE OSWEGO,

OR 97035


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


Quartile PricesIn the quartile market segments, we see price for this zip code in general with price stagnation in recent weeks. Quartile 4 isdown, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage fora prolonged price decline.


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OR 97035


Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.




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OR 97035


Market Action IndexThe LAKE OSWEGO, 97035 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.63. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





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OR 97035






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Median List Price

Median Lot Size

11.4


3272

3.0

1 %


210


$ 238


0.25 - 0.50 acre


$ 789,000

38 %

4.0

Market Action Index



19 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 04760

1942.5 32

3.0

6

239

4.0 70

148

0

2

0.25 - 0.50acre

46

$ 607,450

4

3

70

4.0

0.25 - 0.50acre

33.5

2280 8,001 -10,000 sqft

69

$ 419,000

4.0

261

0.25 - 0.50acre$ 889,000

4.0$ 1,500,000

14

4

3777

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.



69

2887

2.2

The median list price in LAKEOSWEGO, OR 97034 this week is$789,000. The 278 properties havebeen on the market for an average of210 days.






No change



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LAKE OSWEGO,OR 97034

Neighborhood Detail


Average List Price


278

$ 19,500,000

$ 217,500

$ 1,024,851

32

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

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OR 97034


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


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OR 97034


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.




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OR 97034


Market Action IndexThe LAKE OSWEGO, 97034 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 11.41. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





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OR 97034






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