Hi There!

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

LATEST APRIL NUMBERS/OVERVIEW

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

  • There were 3,579 New Listings in April 2017 which was down 7.9% from April of 2016’s 4,082, but UP 4.3% from March of 2017’s total of 3,604.        
  • At 2,219, April Closed Sales were down 15% from April 2016’s 2,611, and also down 11% over the previous month/March 2017’s total of  2,494.
  • April Pending Sales (accepted offers), at 3,088 fell 10% from April of 2016’s 3,432, but were UP 1.5% from the previous month/March 2017’s total of 3,043.
  • The Average Sale Price in April of $428,800 was up $31,100 from April 2016’s $397,700, and showed hardly any change from March 2017’s $428,400.

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

  • North Portland:  $410,000                         11.6%
  • NE Portland:  $455,700                               10.7%
  • SE Portland:  $404,000                                11.0%
  • Gresham/Troutdale:   $324,700               12.5%
  • Milwaukie/Clackamas:   $415,600           10.7%
  • Oregon City/Canby:   $398,400                   8.6%
  • Lake Oswego/West Linn:    $623,300        9.6%
  • West Portland:    $598,400                         14.0%
  • NW Washington County:    $549,400       10.6%
  • Beaverton/Aloha:     $360,900                   10.9%
  • Tigard/Wilsonville:    429,420                      7.1%
  • Hillsboro/Forest Grove:    $384,200         13.3%

ON THE MORTGAGE FRONT

Let’s hear from one of my most trusted resources:

Well, folks, here we are, smack dab in the middle of the home buying season and mortgage rates should be going up.   Mirabile dictu, they are going down, at least momentarily.   For this we have the politicos in Washington to thank.   Chaos and uncertainty in either government or the economy cause the tides of money sloshing around the world to hunker down for safety's sake in government instruments: bills, bonds and notes.   The price of the instrument goes up due to higher demand, and so the yields, which run counter to price, go down.  

Mortgages rates follow the yields of existing U.S. 10 year notes.   As 10 year Treasury yields start to drift down, voilà, mortgage rates go down.

How long this will last is anyone's guess now.   The stock market, which took a hit the other day due to the turmoil in D.C. has mostly recovered today, so the bond market may soon see a reversal as well.   But no one knows.   The bottom line is:   buyers are seeing very favorable mortgage loan rates.   At least for now.

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

cid:image002.jpg@01D16E57.477735A0

© 2015  Finance of America LLC I  I  Equal Housing Lender  cid:image003.png@01D16E57.477735A0 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

Check out your neighborhood (or desired neighborhood) with this detailed, scrollable graph of what SOLD in Portland’s N, NE, SE SW & NW areas May 8-14:
**NOTE: CDOM = Cumulative Days on Market

View All


Linda Rossi | Oregon First | Email Linda  |  Call Linda
Irvington Office  |  2106 NE MLK Jr Blvd, Portland, OR  97212
Copyright © 2015. Linda Rossi, All Rights Reserved

North Portland

 

 

 

 

 

 

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

6697 N COLUMBIA WAY

$225,000

$230,500

2

1.1

1020

ATTACHD

1

198 N HAYDEN BAY DR

$259,000

$259,000

2

1

844

CONDO

111

7109 N BANK ST

$225,000

$275,000

3

2

1209

DETACHD

6

7222 N MISSISSIPPI AVE

$265,000

$299,000

2

1

1636

DETACHD

4

8361 N JOHNSWOOD DR

$310,000

$320,000

3

1.1

1404

DETACHD

2

2104 N SUMNER ST

$320,000

$333,000

2

1

720

DETACHD

4

7315 N JERSEY ST

$365,000

$370,000

2

1

1454

DETACHD

4

9517 N WOOLSEY Ave

$325,000

$375,000

4

2.1

1860

DETACHD

3

1016 N TERRY ST

$339,000

$380,000

2

1

919

DETACHD

4

7706 N MCKENNA AVE

$379,900

$385,000

2

1

1560

DETACHD

5

7616 N LEONARD ST

$389,900

$410,000

3

1

1975

DETACHD

16

3025 N WINCHELL ST

$399,900

$412,000

2

1

1834

DETACHD

7

6940 N BURR AVE

$379,000

$415,000

3

2

1618

DETACHD

6

9326 N TIOGA AVE

$399,900

$420,000

3

2.1

1832

DETACHD

4

350 N Tomahawk Island DR

$425,000

$425,000

1

2

1331

FLTHOME

 

 

9519 N SYRACUSE ST

$379,900

$425,000

3

1

1776

DETACHD

7

8005 N WILLAMETTE BLVD

$449,900

$439,750

4

4

3384

DETACHD

8

 

7823 N BRADFORD ST

$499,000

$469,000

2

1

1275

DETACHD

35

3636 N BALDWIN ST

$399,900

$470,000

2

1

1679

DETACHD

4

3644 N MICHIGAN AVE

$469,900

$480,150

3

2.1

1506

DETACHD

5

3632 N TRENTON ST

$549,900

$500,000

9

3

3360

DETACHD

20

8016 N FISKE AVE

$459,900

$520,000

3

2

2264

DETACHD

6

5006 N SYRACUSE ST

$599,900

$550,000

4

2

2244

DETACHD

48

9336 N IVANHOE ST

$595,000

$615,000

3

2

3196

DETACHD

4

1533 N JARRETT ST

$825,000

$823,000

4

3

3040

DETACHD

86

4127 N MICHIGAN AVE

$899,900

$870,000

4

3.1

2843

ATTACHD

277

3537 N WILLIAMS AVE

$1,500,000

$1,000,000

3

3

3425

DETACHD

65

NE Portland

 

 

 

 

 

 

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

10925 NE MORRIS ST

$175,000

$201,000

3

1

1372

DETACHD

4

221 NE 149TH PL

$245,920

$255,279

3

2

1478

DETACHD

34

105 NE 143rd AVE

$279,900

$279,900

3

1

1259

DETACHD

 

8835 NE BEECH ST

$250,000

$287,500

2

2

1876

DETACHD

7

5701 NE 72ND AVE

$268,900

$302,705

3

2

1950

DETACHD

3

12639 NE HASSALO ST

$299,900

$305,000

3

2

1301

DETACHD

14

120 NE 156TH AVE

$299,000

$305,000

2

2

1402

DETACHD

6

15901 NE HANCOCK ST

$349,000

$325,000

3

2.1

1612

DETACHD

31

513 NE 131ST PL

$299,000

$327,000

3

2

1162

DETACHD

4

742 NE 173RD AVE

$315,000

$330,000

4

2

2152

DETACHD

11

925 NE 110TH AVE

$309,900

$335,000

2

1.1

984

DETACHD

5

308 NE 92ND AVE

$319,900

$340,000

3

1

960

DETACHD

6

13319 NE SACRAMENTO ST

$304,000

$340,000

4

2

1570

DETACHD

5

6133 NE 18TH AVE

$499,900

$355,000

3

1

1500

DETACHD

69

2015 NE 155TH CT

$355,000

$355,000

2

2

1636

DETACHD

4

14831 NE DAVIS CT

$325,000

$373,350

3

2

2194

DETACHD

3

4215 NE 115TH AVE

$329,000

$375,000

3

2

1508

DETACHD

3

10717 NE SKIDMORE ST

$379,600

$379,600

4

2.1

2534

DETACHD

30

1233 NE 76TH AVE

$365,000

$380,000

2

1

1600

DETACHD

284

3706 NE MAYWOOD PL

$357,900

$381,000

3

1

1650

DETACHD

16

1176 NE 69TH AVE

$325,000

$395,000

2

1

848

DETACHD

6

9200 NE LEVEE RD

$400,000

$400,000

3

1

1766

DETACHD

13

1512 NE 148TH PL

$405,000

$403,250

2

2

2017

DETACHD

4

30 NE MORGAN ST

$349,500

$405,000

2

1

741

DETACHD

3

5002 NE 33RD AVE

$400,000

$409,250

2

1

1508

DETACHD

10

6563 NE GRAND AVE

$379,000

$410,000

2

1.1

1422

DETACHD

3

3515 NE 152ND AVE

$419,000

$419,900

4

2.1

2532

DETACHD

35

7408 NE MALLORY AVE

$399,900

$428,000

3

2

1792

DETACHD

6

1714 NE GOING ST

$529,000

$430,000

3

1.1

2367

DETACHD

86

4352 NE HASSALO ST

$440,000

$439,000

2

2

1906

DETACHD

8

 

6016 NE FAILING ST

$389,000

$440,000

4

1

2828

DETACHD

74

4000 NE 66TH AVE

$435,000

$440,000

2

2

1568

DETACHD

19

8806 NE BROADWAY

$399,900

$447,000

3

2

2524

DETACHD

4

855 NE JARRETT ST

$399,000

$450,000

3

2

1626

DETACHD

4

3642 NE 71ST AVE

$400,000

$451,000

3

1

1360

DETACHD

6

4739 NE 15TH AVE

$439,000

$457,000

3

1.1

1394

ATTACHD

8

7026 NE GRAND AVE

$425,000

$467,000

3

2

1816

DETACHD

3

5015 NE HALSEY ST

$469,900

$470,000

3

1

2042

DETACHD

7

5831 NE 29TH AVE

$465,000

$475,000

3

2

1458

ATTACHD

3

3606 NE 23RD AVE

$479,500

$510,000

2

1

1367

DETACHD

4

3705 NE 63RD AVE

$449,900

$511,000

3

1

1812

DETACHD

2

3006 NE 55TH AVE

$579,900

$525,000

3

1

1935

DETACHD

94

4521 NE GARFIELD AVE

$499,000

$527,000

3

2

1973

DETACHD

10

1200 NE 135TH AVE

$569,900

$550,000

4

4.1

3591

DETACHD

10

3321 NE 31ST AVE

$549,900

$550,000

3

1.5

2238

DETACHD

0

78 NE FREMONT ST

$539,000

$556,700

4

2

1750

DETACHD

6

4935 NE 24TH AVE

$550,000

$560,000

3

2

2745

DETACHD

4

3315 NE 64TH AVE

$559,000

$570,000

3

3

2874

DETACHD

12

5611 NE 25TH AVE

$579,000

$575,000

5

2.1

2244

DETACHD

19

3557 NE 47TH AVE

$624,900

$576,000

4

2

1981

DETACHD

131

10832 NE FARGO ST

$599,000

$599,000

4

2.1

2781

DETACHD

3

4823 NE 21ST AVE

$525,000

$605,000

3

1

2878

DETACHD

5

4915 NE 26TH AVE

$599,900

$610,000

2

2.1

1649

ATTACHD

3

5811 NE 16th AVE

$699,999

$668,000

4

2.1

2318

DETACHD

 

1575 NE JARRETT ST

$699,999

$675,000

4

2.1

2318

DETACHD

41

3774 NE ALAMEDA ST

$799,900

$712,000

3

2

3192

DETACHD

21

475 NE HAZELFERN PL

$775,000

$745,000

4

2.1

3101

DETACHD

13

3605 NE 14TH AVE

$799,999

$775,000

4

3.1

2731

ATTACHD

15

2814 NE SCHUYLER ST

$790,000

$790,000

4

3.1

2819

DETACHD

5

607 NE FLORAL PL

$789,900

$825,000

3

1.1

3139

DETACHD

7

3923 NE 20TH AVE

$795,000

$875,000

4

3

2862

DETACHD

7

823 NE FAILING ST

$939,000

$885,000

4

4

2921

DETACHD

78

2544 NE 24TH AVE

$899,950

$910,000

4

3.1

3491

DETACHD

2

3426 NE ALAMEDA ST

$1,299,900

$1,250,000

5

4

4261

DETACHD

11

SE Portland

 

 

 

 

 

 

Address

Opening Price

Closed Price

# Beds

# Baths

Total SF

Prop Type

CDOM

12446 SE CARUTHERS ST

$164,900

$140,000

2

1.1

1096

ATTACHD

45

2416 SE 145TH AVE

$199,900

$185,000

3

1

1200

DETACHD

17

11209 SE STARK ST / Main

$169,000

$189,000

2

2.1

1154

CONDO

2

14524 SE GLADSTONE ST

$189,000

$192,000

2

2

1338

RES-MFG

5

16230 SE RHINE CT

$199,900

$213,500

3

1

1163

DETACHD

3

5916 SE KNAPP ST

$230,000

$230,000

3

1

1116

DETACHD

31

 

7120 SE CRYSTAL SPRINGS BLVD

$249,900

$250,000

3

1

1474

DETACHD

3

7711 SE 66TH AVE

$262,000

$265,000

1

1

615

DETACHD

11

1421 SE 179TH AVE

$245,000

$265,000

3

1

864

DETACHD

4

1421 SE 158TH AVE

$249,950

$265,000

3

1

1006

DETACHD

2

2239 SE 146TH AVE

$249,000

$273,500

3

1

864

DETACHD

4

7330 SE MITCHELL CT

$340,000

$279,000

2

1

1062

DETACHD

104

13512 SE RAMONA ST

$270,000

$280,000

3

2

1248

DETACHD

16

6729 SE 131ST PL

$269,000

$285,000

3

1

946

DETACHD

6

7930 SE MITCHELL ST

$289,000

$290,000

3

1

2448

DETACHD

22

13236 SE CORA ST

$279,900

$290,000

4

1.1

2208

DETACHD

19

4403 SE 130TH AVE

$290,000

$300,000

3

2

1012

DETACHD

7

3215 SE 116TH AVE

$329,900

$300,000

3

1

1194

DETACHD

12

10612 SE LIEBE ST

$295,000

$305,000

4

2

1612

DETACHD

2

13129 SE LINCOLN ST

$289,900

$315,000

3

2.1

1414

DETACHD

5

6134 SE 72ND AVE

$299,900

$315,000

3

2

1344

DETACHD

 

4018 SE HENDERSON ST

$290,000

$316,000

1

1

480

DETACHD

5

807 SE 153RD AVE

$309,900

$320,000

3

2

1072

DETACHD

5

3915 SE 69TH AVE

$325,000

$328,500

2

1

884

DETACHD

93

3705 SE 107TH AVE

$309,900

$331,100

4

3

1400

DETACHD

27

9714 SE YUKON ST

$299,900

$340,000

3

1

1450

DETACHD

7

9311 SE YAMHILL ST

$339,900

$340,000

3

2

1346

DETACHD

5

7136 SE 118TH DR

$399,000

$340,500

3

1.1

1440

DETACHD

112

2833 SE 60TH AVE

$319,000

$345,000

3

1

1414

DETACHD

5

6036 SE RAYMOND ST

$320,000

$347,000

2

1.1

1894

DETACHD

3

5429 SE 17TH AVE

$299,000

$348,000

2

2

998

CONDO

6

10422 SE DIVISION ST

$365,900

$353,000

3

1

1680

DETACHD

3

1234 SE 113TH AVE

$319,900

$354,000

3

1

1437

DETACHD

10

712 SE 30TH AVE

$349,000

$375,000

2

1

&l