9/27/16

Hi There!

Here's a brief breakdown of the latest real estate data in Portland and right below it,  my own hand-crafted list for easy scrolling through your neighborhood. See addresses & details re: what Sold Last Weekhow long it took, and for how much.

 

Latest/August Numbers for the entire Portland area:                                                      (Source: RMLS Market Action Report)

  • There were 4,203 New Listings in August which was down 3.9% from July, and up 8.3%from August of 2015.
  • At 3,001, August Closed Sales were up 8.1% from July's 2,776, and down 3.1% from August of 2015's 3,098.
  • August Pending Sales (Accepted Offers), at 3,325 were up  0.7% from July's 3,302, and were also  0.7% lower than August of 2015's 3,347.
  • The Average Sale Price in August of $400,100 was down $7,000 from July's $407,100, and also up around $35,500 from August of 2015's $364,600. 

_________________________________________________ 

Average Sale Prices By Area for August were:                                                                                                   12-Month Appreciation:

  • North Portland:  $373,400                             12.8%
  • NE Portland:  $426,400                                     9.2%
  • SE Portland:  $369,400                                     11.0%
  • Gresham/Troutdale:  $311,600                     13.1%
  • Milwaukie/Clackamas:  $385,300                  8.6%
  • Oregon City/Canby:   $364,100                      12.8%
  • Lake Oswego/West Linn:  $619,600             11.8%
  • West Portland:   $572,100                                 9.8%
  • NW Washington County:  $495,200               7.0%
  • Beaverton/Aloha:   $350,300                            9.4%
  • Tigard/Wilsonville:   $402,200                      10.7%
  • Hillsboro/Forest Grove:  $328,100              12.4%

_______________________________________________________________

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

We dodged another bullet this past week when the Federal Reserve Board kept the Federal Funds Rate (the Overnight Lending Rate) the same, despite three months of chatter in financial markets that the Board had waited too long to raise rates and would do it this month.   There were, however, unusually hawkish statements at the Fed Open Market Committee meeting, made by several members of the Board, to the effect that the rate should go up at the December meeting, and that there should be several rate increases in 2017.  The economy is clearly recovering, albeit slowly, and the Fed always wants to curb future inflation by raising the Overnight Rate to restrain borrowing.  

Mortgage rates, still at historical lows, have always been immediately affected upward when the Federal Funds Rate has been raised.  If you intend to buy or refinance, be advised that you could be looking at higher rates very soon. 

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

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© 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 (N, NE, SE & W):

(***CDOM= Cumulative Days on the Market)

Here's the Scoop on What Happened in Portland Last Week (:

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Linda Rossi
Oregon First

2106 NE MLK Jr Blvd.
Portland, OR 97212
Email Me
Call Me

 


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

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4763 N LOMBARD ST / Upper $165,000 $165,000 1 1 436 CONDO 5
8515 N PORTSMOUTH AVE $175,000 $165,000 4 2 2229 DETACHD 10
9120 N TIOGA AVE $150,000 $181,600 2 1 1000 DETACHD 12
184 N HAYDEN BAY DR / Upper $219,900 $205,000 1 0.1 728 CONDO 10
9045 N HAMLIN AVE $219,700 $225,000 3 1 836 DETACHD 35
5423 N COLUMBIA BLVD $254,900 $249,900 3 1 936 DETACHD 32
6662 N ASTOR ST $290,000 $285,000 3 1 828 DETACHD 37
3423 N LOMBARD ST $314,900 $305,000 3 1 1792 DETACHD 2
9114 N DRUMMOND AVE $350,000 $310,000 3 2 1196 DETACHD 78
2121 N DEKUM ST $329,000 $310,000 2 1 816 DETACHD 35
9406 N ALLEGHENY AVE $299,900 $320,000 2 1 1794 DETACHD 4
8538 N PENINSULAR AVE $369,269 $344,700 3 2 1750 DETACHD 23
7909 N SMITH ST $339,000 $347,000 3 2 2222 DETACHD 10
5639 N WILLIS BLVD $348,000 $360,000 3 2 1080 DETACHD 38
7824 N EMERALD AVE $350,000 $370,000 2 2 2074 DETACHD 6
7083 N BURRAGE AVE $339,900 $374,500 3 1 1486 DETACHD 15
8950 N BERKELEY AVE $349,950 $375,000 2 1 1727 DETACHD 6
3925 N ALBINA AVE $375,000 $380,000 2 1 824 DETACHD 11
10019 N JERSEY ST $409,000 $395,000 3 2 1402 DETACHD 94
8332 N FOX ST $324,900 $400,000 4 2.1 2002 DETACHD 5
7107 N IVANHOE ST $389,000 $419,000 3 1 1645 DETACHD 3
6804 N VILLARD AVE $395,000 $442,000 3 2 1322 DETACHD 7
6114 N MISSISSIPPI AVE $519,900 $490,350 3 2 2856 DETACHD 53
756 N Webster ST #4 $499,000 $499,000 4 3.1 1663 CONDO  
6124 N GREELEY AVE $475,000 $500,000 3 2 2024 DETACHD 10
742 N Webster ST #3 $499,000 $510,500 3 3.1 1440 CONDO  
722 N Webster ST #1 $499,000 $520,000 3 3.1 1663 CONDO 6
235 NE 61ST AVE #36 $185,000 $180,000 1 1 491 CONDO 42
839 NE 162ND AVE $189,900 $196,500 2 2 1187 ATTACHD 2
6819 NE BROADWAY ST /Grnd $225,000 $220,000 2 1 1050 CONDO 30
10725 NE SAN RAFAEL ST $214,900 $223,000 3 1 941 DETACHD 7
8421 NE WEBSTER ST $259,900 $279,000 2 1 768 DETACHD 4
3715 NE 42ND AVE $279,000 $279,000 2 1 1344 DETACHD 18
2338 NE 159TH AVE $299,999 $280,000 3 2 1736 DETACHD 105
2411 NE 134TH PL $289,900 $289,000 3 1.1 1300 DETACHD 20
3425 NE 89TH AVE $300,000 $320,000 2 1.1 1462 DETACHD 3
10436 NE GLISAN ST $349,900 $325,000 4 2 2280 DETACHD 107
6205 NE FAILING ST $299,900 $325,000 2 2 1029 DETACHD 4
2074 NE 134TH PL $325,000 $335,000 3 2 1735 DETACHD 19
8536 NE BEECH ST $299,999 $336,000 2 1.1 1415 DETACHD 5
5225 NE 26TH AVE $350,000 $336,000 2 1.1 1032 DETACHD 22
1103 NE 177TH AVE $350,000 $345,000 3 2 1672 DETACHD 25
9014 NE BENJAMIN ST $324,900 $348,000 3 1.1 1650 DETACHD 8
10665 NE WASCO ST $370,000 $350,000 3 2.1 2772 DETACHD 41
5302 NE SIMPSON ST $350,000 $350,000 3 1.1 1056 DETACHD 6
16684 NE RUSSELL ST $355,000 $355,000 3 2 1914 DETACHD 14
13260 NE SACRAMENTO DR $309,900 $360,000 3 2 1477 DETACHD 7
10924 NE MORRIS ST $349,000 $360,000 3 2 1734 DETACHD 12
15614 NE SISKIYOU CT $359,900 $370,000 4 3 2482 DETACHD 6
3311 NE 129TH AVE $385,000 $385,000 5 2.1 2431 DETACHD 13
8935 NE Everett ST $375,000 $390,000 3 2.1 1668 ATTACHD  
11081 NE FREMONT ST $395,000 $395,000 4 2.1 2351 DETACHD 25
4615 NE 80TH AVE $400,000 $395,000 3 2 2344 DETACHD 3
7934 NE SCHUYLER ST $400,000 $400,000 3 2 2348 DETACHD 4
3214 NE WASCO ST $420,000 $405,350 3 1 1851 DETACHD 39
1304 NE 53RD AVE $425,000 $420,000 2 1 1440 DETACHD 10
1005 NE 80TH AVE $399,900 $426,000 4 2 2024 DETACHD 5
614 NE 61ST AVE $449,900 $440,000 3 1 2380 DETACHD 14
4626 NE 29TH AVE $440,000 $450,000 3 1.1 1980 DETACHD 5
3025 NE WEIDLER ST $498,000 $456,000 2 2 2284 DETACHD 21
1718 NE 11TH AVE #201 $450,000 $460,000 2 2 1519 CONDO 9
6024 NE 55TH AVE $495,000 $495,000 3 3 2234 DETACHD 11
5828 NE 18TH AVE $499,900 $495,000 4 2 2291 DETACHD 4
4016 NE 15TH AVE $495,000 $502,000 3 1 1804 DETACHD 10
2119 NE WASCO ST $525,000 $505,000 2 1.1 2232 DETACHD 8
6725 NE CLEVELAND AVE $489,900 $510,000 4 2 2330 DETACHD 6
2027 NE MASON ST $549,000 $520,000 4 2 2916 DETACHD 20
3205 NE 63RD AVE $539,000 $545,000 3 2 1835 DETACHD 28
5217 NE 18TH AVE $549,900 $549,900 3 1.1 2508 DETACHD 17
1020 NE SKIDMORE ST $517,000 $575,000 4 2 1689 DETACHD 8
1335 NE GOLF COURT RD $599,000 $575,000 3 2.1 3772 DETACHD 4
3616 NE 43RD AVE $574,900 $583,900 3 2.1 1865 DETACHD 38
5425 NE 31ST AVE $595,000 $595,000 3 2 2756 DETACHD 10
5335 NE 12TH AVE $649,900 $599,000 3 3.1 2180 DETACHD 51
2024 NE 37TH AVE $600,000 $600,000 3 2 3025 DETACHD 59
3719 NE 37TH AVE $634,900 $605,000 3 2 1926 DETACHD 41
4014 NE ROYAL CT $699,000 $649,000 4 2 2524 DETACHD 42
3301 NE SHAVER ST $699,000 $649,000 3 2.1 2268 DETACHD 19
2535 NE 22ND AVE $695,000 $649,000 3 2 3454 DETACHD 36
3407 NE 16TH AVE $699,000 $720,000 3 1.2 3786 DETACHD 6
5246 NE 32ND AVE #B $749,000 $725,000 3 2.1 1845 ATTACHD 0
3445 NE 51 AVE $799,900 $750,000 4 3.1 2377 ATTACHD 79
5628 NE 30TH AVE $825,000 $790,000 5 3.1 3104 ATTACHD 83
4028 NE 26th AVE $750,000 $810,000 5 2.1 3153 DETACHD 7
2736 NE 12TH AVE $1,295,000 $1,260,000 4 3.1 4011 DETACHD 43
14987 SE GRANT CT /Grnd $105,000 $89,900 1 1 724 CONDO 33
2720 SE 138TH AVE / Main $119,950 $119,950 2 1 814 CONDO 5
12847 SE STARK ST / Upper $154,900 $147,000 2 2 1003 CONDO 25
2322 SE 139TH AVE $199,900 $175,000 2 1 1064 DETACHD 46
10259 SE HAROLD ST $210,000 $197,900 2 1 1686 DETACHD 65
327 SE 139TH AVE $227,500 $230,000 2 1 1440 DETACHD 3
14430 E Burnside ST /Grnd $239,900 $231,900 3 2.1 1428 CONDO  
16003 SE TAYLOR ST $239,000 $235,000 3 1 1012 DETACHD 29
8218 SE 74TH AVE $236,000 $240,000 2 1 772 DETACHD 39
13727 SE CLINTON CT $249,950 $245,000 3 2 1160 DETACHD 15
3920 SE 149TH AVE $239,950 $250,000 3 1 903 DETACHD 4
12640 SE REEDWAY ST $234,950 $250,000 3 2 1448 DETACHD 13
10003 SE KNIGHT ST $250,000 $250,000 3 1 1026 DETACHD 11
3713 SE 174TH AVE $259,950 $257,500 3 2 1413 DETACHD 106
11937 SE SCHILLER ST $264,900 $258,500 3 2.1 1649 ATTACHD 39
4914 SE 52ND AVE $259,900 $259,900 3 1.1 1704 DETACHD 2
16208 SE RHONE ST $259,900 $260,000 3 1.1 1325 DETACHD 7
1414 SE 172ND AVE $250,000 $261,500 3 1.1 1406 DETACHD 18
13539 SE KNIGHT ST $250,000 $265,000 3 2 1306 DETACHD 3
6026 SE 138TH PL $249,000 $265,000 3 2 1296 DETACHD 4
4431 SE 58TH AVE $295,400 $266,000 3 2 1440 DETACHD 75
17454 SE HAIG DR $259,900 $275,000 4 2 1558 DETACHD 27
8514 SE 63RD AVE $269,900 $275,000 4 1 1484 DETACHD 12
8822 SE KNAPP ST $274,900 $279,900 3 1.1 960 DETACHD 7
5028 SE 86TH CT $265,000 $280,000 3 1 1184 DETACHD 6
1324 SE 151ST AVE $284,900 $280,000 4 2 2000 DETACHD 12
10338 SE CENTER ST $285,000 $290,000 3 1 1082