Oregon couple awarded more than $200,000 in dog-barking case Low Inventory, Rising Prices For Portland Real Estate Market More Portland homeowners emerge from underwater Millennial spending affecting housing market
Local real estate is off and running. For properties in good neighborhoods we are currently seeing 5 – 15 offers on homes. Up to 30 offers aren’t unheard of. The previous two years at this time of year saw a run of high activity. Two years ago it was hot, dropped off a bit, and this year it is even hotter. This isn’t a great market unless you are someone that is unloading extra properties or moving out of the area. If you are selling Continue reading →
4/11 5pm – TIPNW Texas Hold’em & Black Jack Poker Party Free Widmer Beer 4/11 – 10am – 2pm Free Family Day at The Washington County Museum 4/11 -4/12 School House Rocks Live! 4/11 Tabor Challenge 5k 4/12 Bridge To Brews 4/12 Celebrate International Tabletop Day with Gaming Festivities in Portland 4/11 – 4/12 Silverton Health Mud Puddle Challenge at Wooden Shoe Tulip Fields Daily but looks like weekend fun Amazing Portland Scavenger Hunt Adventure
Unfortunately, the truth is we won’t know if it’s a bubble until much later down the road. Fortunately this market is different then the market ten years ago. Wow, time flies. So what makes this different than 2005-2007? Up until 2007 or so, if you could fog up a mirror, you could get a loan. There had a been a loan out there for self-employed types or others with variable but consistent income where they just needed to state their income if they had good Continue reading →
This market is going to get crazy. We have more new listings than in the previous two years but we have about 1500 less listed homes overall. Interest rates are staying right around the same area and we are seeing many multiple offers on new listings. Open Houses are happening on days besides Sunday’s to get as many people as possible into a house to drum up multiple offers. These are all things that happen in mid-Spring. Hold on as this could market has signs Continue reading →
View the chart that will be updated from time to time here from Spokeo.
I had the pleasure of meeting Jarrod Cogswell of Fit Academy at Park Place this week. He gave the team a great presentation on working like an athlete. Like me, Jarrod holds customer service as one of the most important aspects of any business. Good businesses run on being relational, not transactional. A really clever thing he has done is, instead of calling his people Personal Trainers, he calls them Personal Coaches. While that may sound like semantics, it reminds them that their job is Continue reading →
It’s a great time to be a seller. December inventory is the lowest it has been in a long time. While the inventory was down, for the year sales are up, pendings were up and listings were up. Which all means the amount of buyers has increased as well which led to prices rising 7%+ for the year. And if all of that wasn’t good enough news, all of my mortgage contacts were ringing the bell today and yesterday that rates dropped. So if you Continue reading →
November 2014 Portland Metro Real Estate Report Inventory has been dropping since September and steadily rising since the beginning of the year which is typical. Low interest rates, low gas prices, and higher confidence leads me to expect January to be a busy market. Prices have really done a good job of recovering for the last few years. If you were lucky enough to have purchased in the last two year you got a good deal.
Read all of the data here: October 2014 Portland Metro Real Estate Report Everything is up. New listings are up. New Pending listings are up, and so are Solds. And prices are up too by about 7.5%. The only thing that is down is relative inventory. We have more sales than listed homes leading us to the lowest stretch of inventory in quite a while. This is great news for sellers and makes life a bit more difficult for buyers. Though anyone selling during the Continue reading →