Portland Metro: Market by the Numbers – April 2019

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.


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
Posted in #portland, concerts, Housing, Inventory, Markert, music, Oregon, portland real estate, Real Estate, RMLS, zoo | Comments closed

Portland Metro: Market by the Numbers – March 2019

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.


Posted in #portland, Farmers Markets, Housing, Markert, Oregon, portland real estate, Real Estate | Comments closed

Portland Metro: Market by the Numbers – January 2019

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!


Posted in Markert, portland real estate, Real Estate | Comments closed

Portland Metro Area Market Snapshot – January 2018

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Bright White Walls. Timeless, but maybe not in the kitchen.

For years its been said that white walls when selling a house are a big turn off. The color of indecision, the perfect way to show flaws… But it looks like attitudes toward white paint are changing. This piece by Wall Street Journal highlights the many reasons why white might be the best pick when painting your house to sell.

…in real estate right now, white is hot, with home builders, developers and designers going for a white-on-white look in everything from reclaimed barns to posh penthouses.

Benjamin Moore’s color of the year for the first time ever is Simply White

When it comes to kitchens, however, it seems that sticking with a warmer tone might be better for the bottom line. In a survey put out last month by Zillow Digs photos were analyzed from approximately 50,000 homes across the U.S. sold between December 2006 and April 2016. The sale price for houses with white kitchens was an average of $1,400 less than homes with yellow kitchens. Still, white can be a great way to show off architectural details and create a larger space in other areas of the home.

“The hue of your walls has a huge impact on your psychology,” says Debbie Zimmer, director of the Paint Quality Institute, a research arm of Dow Chemical Co. “For example, red typically increases appetite and raises blood pressure, and it’s a very stimulating color, whereas white is calming and refreshing.”

Choosing wall color can play an unexpected part in buying or selling a home. The psychology behind colors is something that a home buyer might not be aware of but could be the reason for loving or loathing a house. What’s your favorite interior color?

Posted in Building, For Sale, home value, Housing, portland real estate | Comments closed

Yard & Garden Ideas for Curb Appeal

Summer time in the Portland Metro Area is a great time to be outside and working in the yard! If you’re looking to sell your house, we don’t need to tell you that curb appeal and an inviting backyard can be huge factors for potential buyers and for the home’s value.

We’ve rounded up some great yard and garden tips on Pinterest. Here’s some of the highlights, but be sure and follow our board to see the latest.

Creative Patio Ideas

Design an idyllic outdoor room with these ideas for a variety of styles and budgets.

Pacific Northwest Gardening

Maximize your yard’s space and create flow in the garden.

Simple Curb Appeal Ideas

Simple curb appeal ideas that anyone can do!

Planning on getting your yard ready for the Summer? Share your favorite garden ideas in the comments!

Posted in Garden, Moving to Portland | Comments closed

Portland is hot and so is the Real Estate Market

Houses are selling fast in Portland these days, and the process of buying a house can sometimes feel like taking on a second job. Having a knowledgable and experienced real estate agent makes all the difference in the world.

This picture perfect one level condo was just sold by Rose City Realtors. It’s a great find in a nice area. Updated with hardwood and marmoleum floors. Features a gourmet kitchen with slab granite & stainless steel appliances. Gas fueled fireplace, hot water and oven. Spacious king size master and second bedroom. Newer windows and freshly painted throughout. Sliding door to private outdoor patio space with ample light and storage.

If you’re ready to take the steps toward owning a first home or investment property, get in touch! We’re here to help you find the home of your dreams.

Posted in affordable housing, Buy Local Tip, First Time Home Buyers | Comments closed

Buying a home in Portland, Oregon

Portland real estate is in a crazy place right now. The market is very competitive with low inventory and rising costs of homes. It can be a tough time to buy or an amazing time to sell, depending on which side of the coin you’re on. Having an experienced real estate agent to help lead the way through this tricky process makes all the difference in the world.

This custom built house in the Marshall Park neighborhood was just sold by Rose City Realtors and its a stunner! The house features beautiful landscaping with a gorgeous waterfall and pond. Gourmet kitchen (w/every cook’s delight in cabinetry), vaults, ceiling fans, lots of windows and light. There are two master suites and a children’s wing with lofts in each bedroom. Perfectly combines quiet enjoyment and privacy with open, perfect-for-entertaining floor plan.

The Marshall Park neighborhood is great for families. It feels suburban, but is still close to all of Portland’s charm. There are several large parks and lovely nature areas in the neighborhood, making it a great place to relax and enjoy the outdoors.

Are you looking to sell your house or need help getting into the home of your dreams? Give our office a call and one of our experienced real estate agents can help you through the process.

Posted in First Time Home Buyers, portland real estate | Comments closed

Sold by Rose City Realtors: Gorgeous Portland Plaza Condo

Finding the right home can be tricky. Sometimes it takes months and months of searching, but when you know, you know. This gorgeous Portland Plaza condo was just sold by Rose City Realtors and we’re so happy to welcome the new owner home. This downtown condo swept us off our feet with its stunning city views and great features including: bright natural light new carpet and paint, stainless steel appliances, and spacious rooms. The building itself has tons of perks, its fully secure, plus access to the pool and multiple patios and decks to enjoy.

This condo is close to so many fun Downtown Portland spots, Keller Auditorium, the Portland Art Museum to name a few. Plus, its got a ton of perks – A gym, library, concierge service, a sauna and recreation room. Basically, we’re wishing we lived here too!

With this crazy Portland real estate market, buying a new home can feel like being lost in a foreign place without a map. A knowledgable real estate agent who is willing to go the distance to find your dream home makes all the difference in the world. Feel free to call our office to discuss your home buying plans, we’re ready to give you the advice and expertise you need.

Posted in Housing, portland real estate, Real Estate | Comments closed

Plenty of Charm in this Portland Bungalow

This wonderful Bungalow in the Elmhurst neighborhood just sold by Rose City Realtors. A real charming house with an inviting covered porch. The house has lovely hardwood floors on the main level and in the living and dining rooms.

The new owners will keep cozy with wood burning fireplace in the living room. Lots of potential to create new space within this house, the sitting room could be returned to a fourth bedroom, and the basement has a family room, shop and tons of storage.

Close distance to Hollywood District and Max lines plus, the new owners will be just a short bike ride to Case Study Coffee and the Laurelwood Brew Pub

The Portland housing market is not slowing down, which makes it a great time to quickly jump on a house when you decide to buy. Using an experienced and knowledgable real estate agent makes all the difference in finding the house of your dreams. Feel free to contact us to discuss your buying or selling needs.

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Posted in For Sale, portland real estate, Real Estate | Tagged | Comments closed