Monthly Archives: June 2019

  • Portland Metro: Market by the Numbers – April 2019

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      April's market data is in and the Portland Area Market is still showing strong sale prices and quick movement on the market. Pending sales ended the month at 3,102 with the number of closed sales finishing out at 2,409. New listings rose to 4,210 Supply is still low compared to the high demand for housing. For detached single family homes, there were only about two months of inventory and a total of 2.2 months of inventory for all types of housing including condos and townhouses. Six months of inventory is considered a balanced market. As always, pricing a home right is key in this type of market. Over-priced homes sit on the market for a lot longer. Last year, the momentum of seller’s market propelled through the market despite higher interest rates. Average and median sale prices stayed pretty steady compared to last month's numbers at $452,600 and $400,000 respectively.
      The ever changing real estate market can be difficult to navigate for both buyers and sellers. If you're in need of professional advice on on purchase or sale of your next home, please get in touch - I'd love to help. Cheers, Elena
      June is a FUN month in Portland, starting with the Rose Festival and finishing up with the Portland Beer Fest its a great way to start summer in the PNW!
      Festival of Balloons!
      Portland PrideWaterfront Festival and Parade
      Summer Concertsat the
    • Portland Metro: Market by the Numbers – March 2019

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        The Portland metro area market has cooled year over year, but still showed strong gains from this February's data. With 3,504 new listings, we saw 43.4% increase over February 2019 but 3.9% short of the 3,648 new listings offered last March. Pending sales ended 5.4% below the 2,894 offers accepted last year in March 2018 but rose 24.0% over offers accepted in February 2019. Closed sales fared similarly, ending 7.9% below the 2,371 closings recorded in March 2018 but rising 26.5% from last month's data. Inventory decreased to 2.2 months in March, with total market time decreasing to 68 days. There were 4,808 active residential listings on the market in the Portland metro area this March. Home prices continue to rise with average sale prices (comparing March 31st 2019 with the average price of homes in the twelve months ending March 2018) showing an increase of 4.1%. In the same comparison, the median has increased 3.9% from $385,000 to $400,000.
        We're probably biased, but Portland has some of the best farmer's markets around! Check out this list to find one near you!
        Portland State University : SW Park & Montgomery People's Farmer's Market : 3029 SE 21st Ave Hollywood : NE Hancock between 44th & 45th Lloyd : NE Holladay St. between 7th & 9th Moreland : SE Bybee & SE 14th St. Milwaukie : Main St & Harrison Montavilla : SE 76 & Stark St. John's Plaza : N. Lombard & N. Philadelphia
        Woodstock : 4600 SE Woodstock Blvd Beaverton : Hall Blvd between 3rd & 5th St Forest Grove : Main St. between Pacific & 21st Hillsboro : Main St. between 1st & 3rd Orenco : Orenco Station Parkway & NE 61st Cedar Mill : 13427 NW Cornell Rd Tigard : 8777 SW Burham St. Lake Oswego : 200 1st St. Millenium Plaza Park
        The ever changing real estate market can be difficult to navigate for both buyers and sellers. If you're in need of professional advice on on purchase or sale of your next home, please get in touch - I'd love to help. Cheers, Elena
      • Portland Metro: Market by the Numbers – January 2019

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          The Portland area saw an increase in new listings during January with 3,048 new listings, a 22.6% increase over January 2018 and more than double the new listings in December of 2018. Inventory rose in January to 3.3 months and total time on the market to an average of 76 days. As the weather starts to warm up, its time to check in around your house and do a little homeowner-homework. Read on for some tips for keeping your house in ship-shape this spring! And if you're looking for a new show, Netflix's Worlds Weirdest Homes comes highly recommended from your friendly neighborhood realtor!
          • Check for separation in caulk around tubs, sinks, showers, countertops & windowsills
          • Have your lawnmower tuned up and blades sharpened
          • Check range hood filter & clean ceiling fan blades
          Looking to do some exploring in your own city? Check out the Positively Portland Walking Tours for a unique perspective on our fun city!
          If you've got a question about selling your home, or are looking for advice on navigating the market as a buyer, let's grab a coffee! Cheers, Elena