Current Market Rating Average: 3 1 2 3 4 5 Buyer's Market   Seller's Market

 

Current Price Trend Average: 3.5 1 2 3 4 5 Falling   Rising

Despite the economic downturn of 2001, the real estate market has continued to be strong in western Washington County (Sherwood, Hillsboro, Forest Grove, Cornelius, Banks, Aloha, Beaverton, Tigard, Tualatin, Lake Oswego).

Compared to 2000O, October data reveals a 1/2% drop in new listings, yet 11% more closed sales, and days on market down 11 days to 69, compared with 80 in 2000 (data includes entire Portland Metro market)!

Values continued to climb, with an appreciation rate of 4.9% for the Sherwood market.

All in all, the real estate market here is vibrant. Both homeowner and investor alike enjoy good value for the purchase dollar, as well as good returns when selling.