Tualatin Real Estate Market Snapshot January 2012

Tualatin Real Estate Market Snapshot January 2012

Here is a snapshot of the real estate market for the City of Tualatin (pronounced TU-AAH-LA TIN)in January..as of today (1/13/12). In looking at the statistics, right now it looks like we are a seller's market territory. I know, hard to believe, but the market trend is showing Tualatin's home inventory at 4.8 months. This is lower than the Portland Metro area's 5.3 months of inventory for December of 2011..which is still pretty darn good!

An average inventory would be around 5-6 months, so anything above that would be a buyer's market, and anything below that would generally be a sellers market. Inventory in months is calculated by dividing the active listings at the end of the month in question by the number of closed sales for that month.

When there is less inventory, supply and demand will generally drive the prices up. We have seen the reverse in the last couple of years with our inventory being high. I'm curious to see how the market will be when more homes will come on the market in the spring.

When breaking it down, you can see that there are 103 properties currently available ranging from a pretty nice bank owned condo for $69,900 with 2 bedrooms & 2 baths with 1129 sq.ft. to a gorgeous 8400 sq. ft. mansion at $2,790,000 with 5 bedrooms and 5 1/2 baths on 5 acres with 4 car garage, spa, sauna, game room as well as a theatre room.

0-$200.000: 31 homes

Of the 31 homes, 24 are condo/townhomes and 7 are regular detached homes. All of the detached homes are either bank owned or short sales and the condo/townhomes are split fairly evenly with bank owned short sales and regular sales.

$201,000-$300,000: 22 Homes

Of the 22 homes, 21 are detached and only one is a townhouse style. 5 are bank owned, 5 short sales and 12 regular sales

$301,000-$400,000: 15 Homes

Of the 15 homes in this price range, all are detached and only 3 of them are short sales, the rest regular sales

$401,000-$500,000: 8 Homes

Of the 8 detached homes, only 1 is a short sale..the rest regular sales

$501,000-$600,000: 10 Homes

All of the 10 homes in this price rangeare detached and regular sales

$601,000-$700,000: 3 Homes

This is the price range with the least amount of homes on the market and all regular sales

$701,000- One million: 7 Homes and all regular sales

One Million and up: 7 Homes and all regular sales

**One Level Homes: 22 out of the 103 homes on the market in Tualatin

buying or selling a home in Tualatin, give me a call and I'd be glad to help you!

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