Ultra Current Portland Real Estate News

www.LindaRossi.net

PORTLAND MARKET DATA

3/22/17

Here’s a brief breakdown of the latest real estate data in Portland.  Right below it, see addresses & details re: what Sold Last Weekhow long it took, and for how much.

According to the RMLS Market Action Report for the Portland Metro Area, February, 2017:

  • There were 2,521 New Listings in February 2017 which was down 12.9% from February of 2016's 2,896, but UP 14% from January of 2017's total of 2,212.
  • At 1,669, February Closed Sales were down 7.9% from February 2016's 1,813, and also down 9.6% over the previous month/January 2017's total of  1,847. (So, more sales Closed in January for people who were Pending during the year-end push.)
  • February Pending Sales (accepted offers), at 2,369, fell 15% from February of 2016, but were UP 19% from the previous month/January 2017's total of 1,990.
  • The Average Sale Price in February of $404,200 was up $39,300 from February 2016's $364,900, and down a bit from January 2017's $409,900.

_____________________________________________________

February Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $368,700                              11.2%   (Jan: $341,900/12.5%)
  • NE Portland:  $429,500                                   12.2%  (Jan: $420,500/ 11.8%)
  • SE Portland:  $355,700                                   10.8%  (Jan: $358,000 / 10.6%
  • Gresham/Troutdale:   $297,000                      12.2%  (Jan: $295,800 / 12.3%)
  • Milwaukie/Clackamas:   $381,000                  11.2%  (Jan: $373,200  /11.9%)
  • Oregon City/Canby:   $403,700                      11.7%  (Jan: $380,700 / 12.1%)
  • Lake Oswego/West Linn:    $661,500            16.5%  (Jan: $820,500 / 16.2%)
  • West Portland:    $527,400                              13.8%  (Jan: $571,900 / 13.8%)
  • NW Washington County:    $528,500             10.6%  (Jan: $482,100  / 10.4%)
  • Beaverton/Aloha:     $336,000                        12.5%  (Jan: $351,700 / 12.1%)
  • Tigard/Wilsonville:    429,400                           9.7%  (Jan: $413,200  /  9.2%)
  • Hillsboro/Forest Grove:    $367,500               14.5%  (Jan: $354,600 / 15.0%)

____________________________________________________________________________

On The Mortgage Front, Give a listen to one of my most trusted resources below:

Just as expected, the Federal Reserve Board (The Fed) last week raised the Federal Funds Rate at its Open Market Committee meeting, the second time in recent months.  Though this particular rate is not directly related to mortgage rates, it inevitably affects them since it is an expression of concern about inflation in the economy.  Surprisingly enough, unlike a few months ago, mortgage rates did not jump as expected after the rate hike.  However, this may be be the result of an external force pushing the market sideways:  sizable fund flows are going into the bond market in reaction to political turmoil in the nation's capital.

Such large dollar flows into bonds (seeking safety from turmoil) reduce bond yields, keeping mortgage rates down.  For the moment anyway.  How long stable mortgage rates will last is anyone's guess. 

Home Buyers Beware:  The Fed has announced that further increases in the Federal Funds Rate are coming later in the year. This will inevitably increase pressure on mortgage rates, which are still--for the moment--at historical lows. But they are on the move:  rates on a 30 year Fixed Rate mortgage loan have risen about 3/4's of one percent since last July. 

PETE CHRISTELMAN

Mortgage Originator

NMLS -  93499

Tel:         (503) 282 9000

Mobile:   (503) 381 7222

Email:     pchristelman@financeofamerica.com                   ___________________________________________________________________________

MACADAM  I  4380 SW MACADAM AVE  I SUITE 560  I  PORTLAND, OR 97239                   FinanceofAmerica.com/Macadam

© 2015 Finance of America LLC I  I  Equal Housing Lender   I  NMLS 1071  

Mortgage Banker License #0910184 I  Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act  I Georgia Residential Mortgage Licensee  I  Illinois Residential Mortgage Mortgage Licensee  I  Kansas Licensed Mortgage Company  I  Licensed by the Mississippi Department of Banking and Consumer Finance I  Licensed by the New Hampshire Banking Department  I  Licensed by the N.J. Department of Banking and Insurance  I  Licensed Mortgage Banker--NYS Banking Department I  Rhode Island Licensed Lender

LAST WEEK IN PORTLAND  ~  March 13-19, 2017

Last Week in Portland (N, NE, SE & W):

***CDOM= Cumulative Days on the Market  (NOTE: Available stats missing some CDOM data.)

Here's the Scoop on What Happened in Portland Last Week (all data derived from RMLS):

North Portland:

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

11860 N Jantzen DR

$125,000.00

$85,000.00

1

1

900

FLTHOME

 

6834 N MEARS ST

$225,000.00

$200,000.00

1

1

504

DETACHD

121

8712 N DECATUR ST #203

$249,000.00

$225,000.00

1

1

630

CONDO

94

11650 N Island Cove LN

$230,000.00

$233,500.00

1

1.1

1020

FLTHOME

 

3970 N Interstate AVE #201

$259,000.00

$259,000.00

1

1

757

CONDO

2

8356 N JOHNSWOOD DR

$299,000.00

$297,000.00

4

2

1592

DETACHD

20

4076 N ATTU ST

$329,500.00

$347,500.00

3

1

940

DETACHD

4

2403 N AINSWORTH ST

$379,900.00

$379,900.00

2

1

1320

DETACHD

0

963 N Killingsworth CT #3

$385,000.00

$385,000.00

2

2.1

1039

CONDO

 

967 N Killingsworth CT #2

$385,000.00

$385,000.00

2

2.1

1039

CONDO

 

8100 N NEWMAN AVE

$375,000.00

$400,000.00

3

2.1

1242

DETACHD

4

4775 N GIRARD ST

$429,900.00

$435,200.00

3

2.1

1646

DETACHD

5

7434 N HAVEN AVE

$439,000.00

$439,000.00

3

2

1684

DETACHD

6

7485 N Huron AVE

$469,900.00

$469,900.00

3

2.1

1905

ATTACHD

 

9144 N SMITH ST

$479,900.00

$479,900.00

3

2.1

1871

DETACHD

71

3126 N KILPATRICK ST

$459,900.00

$482,000.00

4

2

2159

DETACHD

1

2134 N WILLAMETTE BLVD

$525,000.00

$495,000.00

2

2.1

2249

DETACHD

40

7483 N Huron AVE

$469,900.00

$500,000.00

3

2.1

1905

ATTACHD

 

6547 N BOSTON AVE

$509,900.00

$509,900.00

3

2.1

1750

ATTACHD

104

6541 N BOSTON AVE

$509,900.00

$509,900.00

3

2.1

1750

ATTACHD

104

6734 N VILLARD AVE

$559,000.00

$550,000.00

3

2

1692

DETACHD

74

406 N ALBERTA ST

$499,900.00

$595,000.00

3

3.1

1900

ATTACHD

12

410 N ALBERTA ST

$499,900.00

$595,000.00

3

3.1

1900

ATTACHD

159

NE Portland:

             

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

5200 NE 92ND AVE #23

$33,000

$31,500

3

2

924

IN-PARK

13

18202 NE EVERETT ST

$215,000

$188,000

3

2

1320

DETACHD

21

8557 NE FREMONT ST

$190,000

$211,050

2

1

1314

DETACHD

26

12531 NE GLISAN ST

$249,900

$215,000

3

2

1992

DETACHD

131

8928 NE FLANDERS ST

$199,000

$226,600

2

1

724

DETACHD

0

1027 NE 155TH AVE

$250,000

$250,000

3

2

960

DETACHD

26

4820 NE PORTLAND HWY

$285,000

$250,000

2

1

2414

DETACHD

113

14939 E BURNSIDE ST

$260,000

$263,000

3

1

1857

DETACHD

8

19154 NE HOYT ST

$259,000

$265,000

3

1

912

DETACHD

10

105 NE 143rd AVE #B

$279,900

$265,000

2

1.1

800

CONDO

 

14020 NE GLISAN ST

$269,900

$269,900

3

1

1442

DETACHD

28

8516 NE Milton ST

$274,900

$274,900

2

1

624

DETACHD

25

2638 NE 137TH AVE

$305,000

$285,000

3

1.1

1574

DETACHD

39

5811 NE 10TH AVE

$299,000

$290,000

2

1

683

CONDO

21

2248 NE 154TH AVE

$294,000

$294,000

2

2

1289

DETACHD

5

350 NE 140TH AVE

$305,000

$304,000

3

2

1788

DETACHD

1

2403 NE 151ST AVE

$349,900

$324,900

2

2

2456

DETACHD

61

13532 NE BRAZEE CT

$319,900

$335,000

3

1

1306

DETACHD

5

3311 NE 158TH AVE

$368,000

$337,000

4

2

2584

DETACHD

25

7020 NE CLACKAMAS ST

$330,000

$340,000

2

1.1

2020

DETACHD

1

4809 NE 107TH AVE

$350,000

$345,000

3

1

1560

DETACHD

2

820 NE SUMNER ST

$370,000

$370,000

2

1

761

DETACHD

0

225 NE 86TH AVE

$349,900

$370,000

2

1

1320

DETACHD

2

605 NE 114TH AVE

$489,000

$399,000

4

3

3430

DETACHD

116

2014 NE ROSA PARKS WAY

$339,000

$405,007

3

1

2296

DETACHD

6

4533 NE 83RD AVE

$424,900

$414,000

3

1

2056

DETACHD

71

22 NE 78TH AVE

$428,000

$428,000

3

2

1575

DETACHD

0

3242 NE 78TH AVE

$420,000

$431,900

3

2.1

1686

DETACHD

8

3722 NE 80TH AVE

$419,900

$455,000

3

2.1

1543

DETACHD

2

4624 NE 40TH AVE

$525,000

$575,000

3

2

2480

DETACHD

5

2814 NE SKIDMORE ST

$629,000

$580,000

4

1.2

3244

DETACHD

146

3147 NE 10TH AVE

$584,950

$600,000

3

2

1797

DETACHD

6

1825 NE 53RD AVE

$649,000

$651,000

3

2

1870

DETACHD

3

1724 NE 58TH AVE

$659,900

$655,000

4

2

2428

DETACHD

5

6115 NE 34TH AVE

$679,900

$679,900

3

2.1

2463

DETACHD

31

3312 NE HOLMAN ST

$650,000

$680,000

3

2.1

2340

DETACHD

22

2817 NE 8TH AVE

$700,000

$705,000

3

1.1

3638

DETACHD

4

1915 NE WASCO ST

$725,000

$715,000

4

2

3056

DETACHD

21

2921 NE 31ST AVE

$775,000

$770,000

4

2.1

2619

DETACHD

1

2517 NE 11TH AVE

$848,500

$810,000

3

1.1

3102

DETACHD

112

SE Portland:

             

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

17233 SE MILL ST

$190,000

$155,000

$2

$1

$1,136

DETACHD

$49

19153 SE YAMHILL ST #23

$181,500

$158,000

$2

$2

$1,079

CONDO

$133

12285 SE MAIN ST

$165,000

$165,000

$2

$1

$962

DETACHD

$135

9036 SE DUKE ST

$199,900

$185,000

$2

$1

$720

DETACHD

$8

11840 SE MARKET ST/Main Lvl

$219,900

$219,900

$4

$2

$1,548

CONDO

$34

1716 SE 157TH AVE

$239,900

$246,400

$3

$1

$964

DETACHD

$3

10111 SE INSLEY ST

$249,000

$249,000

$3

$1

$1,018

DETACHD

$34

12227 SE MILL CT

$259,900

$250,000

$3

$1

$1,259

DETACHD

$50

2226 SE 142ND AVE

$245,000

$250,000

$3

$2

$985

DETACHD

$4

16811 SE FRANCIS ST

$250,000

$250,000

$3

$1

$1,488

DETACHD

$-

9305 SE MILL ST

$259,500

$264,500

$2

$1

$1,076

DETACHD

$121

5919 SE 134TH AVE

$249,900

$265,000

$3

$2

$1,468

ATTACHD

$4

16604 SE Main ST

$279,900

$270,000

$3

$2

$1,377

DETACHD

$13

7008 SE 74TH AVE

$249,000

$276,675

$2

$1

$816

DETACHD

$4

2937 SE WAVERLEIGH BLVD #7

$269,990

$277,000

$2

$1

$762

CONDO

$4

3336 SE 84TH AVE

$314,950

$280,000

$3

$2

$1,248

DETACHD

$20

3635 SE 63RD AVE

$299,000

$280,000

$2

$1

$1,994

DETACHD

$49

3524 SE 159th AVE

$279,000

$284,000

$4

$2

$2,080

DETACHD

$2

7337 SE 69TH AVE

$269,900

$285,000

$2

$1

$810

DETACHD

$145

7123 SE 66TH AVE

$297,000

$286,000

$3

$2

$1,859

DETACHD

$16

8430 SE 88th AVE

$290,000

$289,900

$3

$2

$1,405

DETACHD

 

8420 SE 88TH AVE

$299,900

$300,400

$3

$2

$1,445

DETACHD

$16

7405 SE 63RD AVE

$349,899

$313,000

$4

$2

$1,608

DETACHD

$27

15320 SE MAIN ST

$334,000

$329,000

$4

$2

$2,731

DETACHD

$15

11536 SE MADISON ST

$265,000

$330,000

$3

$1

$1,712

DETACHD

$4

5026 SE 75TH AVE

$325,000

$341,000

$2

$1

$1,620

DETACHD

$7

12479 SE SALMON CT

$335,000

$347,500

$4

$2

$2,735

DETACHD

$60

6825 SE 152ND AVE

$349,000

$355,000

$3

$2

$1,294

DETACHD

$3

4027 SE HENDERSON ST

$369,900

$375,000

$2

$1

$712

DETACHD

$95

6649 SE 69TH AVE

$350,000

$375,000

$4

$2

$1,607

DETACHD

$4

5515 SE MALL ST

$325,000

$375,000

$3

$1

$2,080

DETACHD

$1

3723 SE 130TH AVE

$384,999

$384,999

$5

$3

$2,600

DETACHD

$156

4220 SE YAMHILL ST

$404,900

$385,000

$2

$1

$1,872

DETACHD

$28

1304 SE ASH ST #E

$375,000

$385,000

$2

$1

$1,120

CONDO

$6

8036 SE 162ND AVE

$445,000

$422,500

$3

$2

$1,700

DETACHD

$68

2204 SE 70TH AVE

$439,900

$435,000

$3

$2

$1,014

DETACHD

$24

7007 SE HAROLD ST

$435,000

$440,000

$4

$2

$2,808

DETACHD

$5

5970 SE 23RD AVE

$439,000

$479,000

$3

$2

$2,178

DETACHD

$4

4443 SE KNAPP ST

$549,900

$480,000

$3

$2

$2,524

DETACHD

$88

3033 SE 19TH AVE

$475,000

$495,000

$2

$1

$2,112

DETACHD

$6

3640 SE CENTER ST

$499,900

$505,000

$3

$2

$2,343

DETACHD

$7

3626 SE BELMONT ST

$490,000

$511,000

$3

$1

$2,383

DETACHD

$5

1639 SE REX ST

$489,900

$515,000

$3

$2

$1,662

DETACHD

$4

4035 SE 34TH AVE

$525,000

$542,500

$3

$2

$1,678

DETACHD

$8

3228 SE 24TH AVE

$549,900

$547,000

$3

$2

$2,238

DETACHD

$67

231 SE 55TH AVE

$675,000

$687,500

$3

$3

$2,154

DETACHD

$7

3314 SE BROOKLYN ST

$679,900

$690,000

$3

$2

$2,455

DETACHD

$4

3135 SE 6TH AVE

$924,900

$705,000

$4

$3

$4,103

DETACHD

$257

3949 SE LAMBERT ST

$749,900

$749,900

$4

$3

$2,467

DETACHD

$137

2947 SE TIBBETTS ST

$765,000

$759,000

$4

$3

$2,795

DETACHD

$4

West Portland &     Raleigh Hills:

             

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

4420 SW DICKINSON ST #45

$139,000

$148,000

1

1

664

CONDO

271

1234 SW 18TH AVE  #301

$229,000

$241,000

0

1

509

CONDO

10

6605 W BURNSIDE RD #133

$299,900

$280,000

2

2

1126

CONDO

246

1400 NW IRVING ST #606

$324,900

$316,000

1

1

619

CONDO

234

11299 SW CAPITOL HWY

$327,000

$327,000

3

3

1501

ATTACHD

31

2020 NW 29TH AVE #1

$330,000

$337,500

2

1

771

CONDO

91

1125 NW 9TH AVE #211

$350,000

$340,000

1

1

692

CONDO

11

2646 SW RIDGE DR

$365,000

$360,000

4

3

2700

DETACHD

44

5421 SW VACUNA ST

$329,000

$377,000

3

1.1

1342

DETACHD

4

9007 SW 26TH AVE

$369,900

$380,000

3

1

1752

DETACHD

6

5724 NE BEECH ST

$380,000

$380,000

3

2.1

1405

DETACHD

0

1500 SW 11TH AVE #1402

$409,900

$395,000

2

2

722

CONDO

169

3660 SW BAIRD ST

$399,900

$400,000

2

2.1

1575

CONDO

22

1075 NW NORTHRUP ST #419

$402,000

$402,000

1

1

735

CONDO

0

1075 NW NORTHRUP ST #420

$404,500

$404,750

1

1

723

CONDO

0

1075 NW NORTHRUP ST #421

$405,000

$405,000

1

1

723

CONDO

0

2135 SW WYNWOOD AVE

$389,900

$405,000

3

2

1343

DETACHD

5

1075 NW NORTHRUP ST #418

$405,500

$405,500

1

1

728

CONDO

0

1075 NW NORTHRUP ST #402

$409,500

$409,000

1

1

727

CONDO

0

3570 SW RIVER PKWY #1307

$419,000

$410,000

1

1

889

CONDO

162

1075 NW NORTHRUP ST #304

$414,000

$418,560

1

1

786

CONDO

0

12020 SW PARK WAY

$389,900

$425,000

3

2

1210

DETACHD

5

2052 NW VILLAGE CIR

$449,000

$438,000

2

2.1

1747

CONDO

178

1075 NW NORTHRUP ST #313

$446,500

$446,500

1

1

859

CONDO

0

1410 NW KEARNEY ST #1017

$449,000

$455,000

1

1

1038

CONDO

0

11121 SW 45TH AVE

$439,000

$460,000

3

2.1

1589

DETACHD

2

605 SW TRILLIUM CREEK TER

$479,000

$475,000

3

2.1

2113

ATTACHD

14

1075 NW NORTHRUP ST #404

$474,500

$477,247

1

1

859

CONDO

0

420 NW 11TH AVE #1012

$489,000

$480,000

1

1

910

CONDO

23

5925 SW PENDLETON CT

$509,000

$485,000

3

2

2376

DETACHD

33

1075 NW NORTHRUP ST #309

$499,000

$499,000

1

1

943

CONDO

0

2029 SW MOSS ST

$470,000

$500,000

3

2

1948

DETACHD

12

420 NW 11TH AVE #911

$509,900

$509,900

1

1

947

CONDO

3

1075 NW NORTHRUP ST #401

$494,000

$510,712

1

1

727

CONDO

0

348 SW VERMONT ST

$499,900

$515,000

3

2

1984

DETACHD

3

1075 NW NORTHRUP ST #616

$529,000

$529,000

1

1

977

CONDO

0

1075 NW NORTHRUP ST #106

$530,500

$530,500

0

1

1052

CONDO

180

3955 SW 58TH DR

$545,000

$540,000

3

2

1954

DETACHD

0

1075 NW NORTHRUP ST #105

$546,000

$546,000

0

1

1068

CONDO

0

6332 SW BOUNDARY ST

$549,900

$560,000

3

3

2427

DETACHD

136

1075 NW NORTHRUP ST #1316

$563,000

$572,487

1

1

977

CONDO

0

1075 NW NORTHRUP ST #1716

$583,000

$588,450

1

1

907

CONDO

0

949 NW OVERTON ST #1408

$585,000

$595,000

1

1

987

CONDO

3

1075 NW NORTHRUP ST #1816

$592,000

$596,580

1

1

907

CONDO

0

7447 SW Bellrose LN

$599,950

$599,950

3

3

3061

DETACHD

 

2418 SW SEYMOUR DR

$625,000

$625,000

3

3.1

2380

DETACHD

242

1075 NW NORTHRUP ST #712

$624,000

$625,745

1

2

1134

CONDO

0

1075 NW NORTHRUP ST #512

$626,500

$626,500

1

2

1135

CONDO

0

1075 NW NORTHRUP ST #320

$631,000

$633,192

2

2

1122

CONDO

0

1075 NW NORTHRUP ST #1112

$651,000

$651,000

1

2

1134

CONDO

0

1075 NW NORTHRUP ST #1212

$652,000

$652,565

1

2

1212

CONDO

0

1075 NW NORTHRUP ST #912

$652,000

$654,393

1

2

1135

CONDO

0

1075 NW NORTHRUP ST #812

$647,000

$656,555

1

2

1134

CONDO

0

1075 NW NORTHRUP ST #214

$658,000

$658,000

2

2

1247

COND