May 2013 Portland Metro Real Estate Update!

May15
"Crazy" - Patsy Cline MAY 2013 PORTLAND METRO REAL ESTATE UPDATE!   This real estate market is crazy and “crazy-making” right now!!  It is most definitely a sellers’ market (if you are prepared for market:  location, price, condition).  It is a strong and active market with the biggest obstacle being lack of inventory!!  The average sales price so far this year was up 15.3% from the same period in 2012!  Yep, that’s right!  Accepted offers have increased, closed sales have increased and our existing inventory of homes in months is down to 3.1 months!!!  Yahoo New… Read More

Selling Homes…It’s All in the Preparation! And, the “Devil is in the Details”!!

May14
"Friend of the Devil" - Counting Crows The Portland, Oregon real estate market has definitely proved itself as "recovering".  And, was recently listed by Yahoo News as #4 of one of the 11 US cities having the best recoveries!  So, what does this mean for sellers?  It means the secret to selling your property still remains the same:  location, price and condition!!!  But, it's a "sellers' market"...you might say?  Yes, I think the general consensus is that it is definitely a sellers' market in the greater Portland Metro area but that doesn't preclude common sense. Location:  you … Read More

For Sale! This is LOCATION ++!! Heart of the Clinton/Division/Hawthorne ‘hoods! Quiet, Dead-End One Block Street! 3431 SE Caruthers St, Portland, OR! $350,000. ML#13232037

May11
This is the one you don't want to miss! One block off Division St! 1/2 Mile from Hawthorne St! Quiet Dead-End Street! Great opportunity to buy an affordable home in one of Portland's most popular close-in SE neighborhoods! $350,000 Approximately 1901 SF,  4 bedrooms (or 3 bedrooms + den/office), 2 full baths + basement Built in 1909 Brand new 2nd story added in 2004 New roof in 2004 Earthquake proofing to city codes during remodel Partial basement with access from the interior + exterior "man-door" One block from #4 bus at SE 34th & Division (15 min to downtown) Pr… Read More

Interests Rates Make a Big Jump Today!

May10
"The Heat is ON!!" - Glenn Frey Our housing market has enjoyed the benefits of historically LOW, LOW rates for quite some time now.  And, complacency can be the enemy of building wealth.  This morning we've seen the largest swing in mortgage interest ra… Read More

“What We Got Here is Failure to Communicate”! Portland’s Sellers Market–Is It Time to Consider a Move???

May7
"Cool Hand Luke" Our recovering Portland Metro real estate market is still a bit tentative and I totally understand!!!  We are slowly emerging from 4-5 years (according to when you feel our recent real estate bust began and ended) of plunging property values, "underwater" mortgages and an uncertain economy!!  Now increased faith in our overall economic status + historically low interest rates + diminished housing prices are luring buyers back into the marketplace at a more rapid pace than sellers are preparing for market.  So, as the warden in "Cool Hand Luke" said to Paul Newman "what… Read More
View Older Posts