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The Portland Neighborhood Specialist

NE & SE Portland are my backyard & where family & some of my favorite people reside. I also specialize in Lake Oswego & SW Portland from my 10 years of living and working there (check out www.PropertyBlotter.com ). I've been comfortably ensconced in the Alberta Arts neighborhood  of NE Portland for some time now, and lived for many years in the Hollywood District before that. Alameda, Sabin and Irving Park are on my daily routes. Piedmont is where I enjoy the roses, and Mississippi is where I love to stroll & pick up odds & ends at the ReBuilding Center. NW Portland is where I practice yoga and meet friends for movies at my favorite theater...Cinema 21 (they have real butter!). I also love helping clients all over North Portland and in St Johns where my husband has an all-natural dog & cat food & supply company...Tre Bone!  Let me put my deep knowledge of Portland neighborhoods and 14 years of experience to work for you! 

News & Notes ~ July 2018

Activity overall is mixed in the Portland area in relation to 2017, and the general consensus is that the market is leveling out a bit.  Here is your look at the most recent data for the entire Portland area (July) and broken out by neighborhoods just below:

According to the RMLS Market Action Report for the Portland Metro Area, July, 2018:  

  • There were 4,312 New Listings in July 2018 which was up 2.6% from July of 2017’s 4,202, and down 4.5% from the previous month/June of 2018’s total of 4,515.
  • At 2,736, July Closed Sales fell 2.0% from July 2017’s 2,793, and/but were also down 7.1 % from the previous month/June 2018’s total of 2,946.
  • July’s Pending Sales (accepted offers), at 3,071 were up slightly at  1.0% from July of 2017’s 3,040, and were also up 0.4% from the previous month/June 2018’s total of  3,059.
  • The Average Sale Price in July of $455,100 was up $7,700 from July 2017’s $447,400, and down from the previous month/June 2018’s $472,400 by $17,300.   

Neighborhoods: July’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $415,900              6.7%   (June 430,100)
  • NE Portland:  $467,400                    4.8%   (June 490,000  )
  • SE Portland:  $425,400                     6.9%   (June 443,600)
  • Gresham/Troutdale:   $361,500   10.5%   (June 357,900)
  • Milwaukie/Clackamas:  $427,400 5.5%   (June 434,100  )
  • Oregon City/Canby:   $439,400      7.4%   (June 434,100)
  • Lake Oswego/West Linn:$689,700 6.3%  (June 685,700)
  • West Portland:    $591,000              1.4%   (June 635,600)
  • NW Wash County:  $552,500          4.5%   (June 572,200)
  • Beaverton/Aloha:     $383,600        7.9%   (June 400,100 )
  • Tigard/Wilsonville:   $452,700        8.6%   (June 481,500 )
  • Hillsboro/Forest Grove: $403,100 8.5%   (June 409,900)

New & Notes ~ June 2018 Numbers

News & Notes ~ June 2018

What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.

Here is your look at the most recent data for the entire Portland area (June):

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
    • There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
    • At 2,946, June Closed Sales fell  7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
    • June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of  3,201.
    • The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.   

Neighborhoods: June’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $430,100               6.7%   (May 418,700)
  • NE Portland:  $490,000                     7.0%   (May 504,700)
  • SE Portland:  $443,600                      6.7%   (May 404,900)
  • Gresham/Troutdale:   $357,900    10.4%   (May 346,000)
  • Milwaukie/Clackamas:  $434,100  6.6%   (May 427,900)
  • Oregon City/Canby:   $434,100       7.1%   (May 435,800)
  • Lake Oswego/West Linn:$685,700 8.8%   (May 718,200)
  • West Portland:    $635,600               1.7%   (May 603,300)
  • NW Wash County:  $572,200           5.2%   (May 564,500)
  • Beaverton/Aloha:     $400,100         8.8%   (May 388,700)
  • Tigard/Wilsonville:   $481,500         9.1%   (May 471,700)
  • Hillsboro/Forest Grove: $409,900   9.1%   (May 397,400)

More Happy Clients

I don't always remember to take these photos, but its so fun on "SOLD Day"!

~ My clients are the Best ~

News & Notes ~ May 2018 Numbers

Happy Summertime!

Here is your look at the most recent data for the entire Portland area (May):

According to the RMLS Market Action Report for the Portland Metro Area, May, 2018:

  • There were 4,665 New Listings in May 2018 which was up 6.3% from May of 2017’s 4,388, and up 16.9% from the previous month/April of 2018’s total of 3,990. ***This was the strongest may for New Listings since 2008 when the number was 5,182.
  • At 2,803, May Closed Sales fell  3.2% from May 2017’s 2,896, and/but were up 11.1% from the previous month/April 2018’s total of 2,523.
  • May’s Pending Sales (accepted offers), at 3,201 dropped 6.8% from May of 2017’s 3,435, but were up 6.4% from the previous month/April 2018’s total of 3,008
  • The Average Sale Price in May of $460,700 was up $20,500 from May 2017’s $440,200, and also up from April 2018’s $452,000 by $8,700.   

Neighborhoods: May’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $418,700             5.7%   (Apr 428,500)
  • NE Portland:  $504,700                   7.0%   (Apr 491,000 )
  • SE Portland:  $404,900                    7.3%   (Apr 422,400)
  • Gresham/Troutdale:   $346,000  10.9%   (Apr 348,400)
  • Milwaukie/Clackamas:  $427,900 8.3%   (Apr 430,200 )
  • Oregon City/Canby:   $435,800      7.4%   (Apr 419,300)
  • Lake Oswego/West Linn:$718,200 7.5%   (Apr 630,500)
  • West Portland:    $603,300             1.2%   (Apr 598,800)
  • NW Wash County:  $564,500          5.0%   (Apr 525,700)
  • Beaverton/Aloha:     $388,700        8.9%   (Apr 394,600)
  • Tigard/Wilsonville:   $471,700        8.8%   (Apr 491,900)
  • Hillsboro/Forest Grove: $397,400 8.4%   (Apr 389,700)

News & Notes ~ April 2018 Numbers

Bringing you an inside look at the most current data available on the Portland area. We're up across the board from last year and the previous month with the exception of Pending sales which took a tiny dip from March. Make sure to check out your neighborhood below.

Here you go!

  • According to the RMLS Market Action Report for the Portland Metro Area, April, 2018:
    • There were 3,990 New Listings in April 2018 which was up 6.1% from April of 2017's 3,759, and up 9.4% from the previous month/March of 2018's total of 3,648.
    • At 2,523, April Closed Sales were up 13.7% from April 2017's 3,088, and up 6.4% from the previous month/March 2018's total of 2,371.
    • April's Pending Sales (accepted offers), at 3,008 dropped 2.6% from April of 2017's 3,043, but were up 3.9% from the previous month/March 2018's total of 2,894
    • The Average Sale Price in April of $452,000 was up $23,200 from April 2017's $428,800, and also up from March 2018's $445,900 by $6,100.   

Neighborhoods: April's Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,500               6.0%   (Mar 438,700)
  • NE Portland:  $491,000                     7.6%   (Mar 478,900)
  • SE Portland:  $422,400                      7.7%   (Mar 418,600)
  • Gresham/Troutdale:   $348,400    11.6%  (Mar 356,400)
  • Milwaukie/Clackamas:  $430,200  8.7%   (Mar 423,400)
  • Oregon City/Canby:   $419,300      6.5%   (Mar 396,500)
  • Lake Oswego/West Linn:$630,500 6.6%  (Mar 631,100)
  • West Portland:    $598,800              2.3%   (Mar 597,200)
  • NW Wash County:  $525,700          6.1%   (Mar 550,200)
  • Beaverton/Aloha:     $394,600        9.0%   (Mar 386,000)
  • Tigard/Wilsonville:   $491,900        8.4%   (Mar 456,700)
  • Hillsboro/Forest Grove: $389,700  9.2%  (Mar 403,800)

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We all Love Peninsula Park, and strolling through its fountains, lawns, rose gardens, and little nooks where you can sit quietly and just take in the beauty, read a book, or chat with a friend. The evidence is apparently in, according to the Oregonian, that we're not the only ones in Love w/Peninsula Park!

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News & Notes ~ March 2018

During the month of March we see a general pattern of a lowering or slight increase over last year during the same month, and a big increase over the prior month/Feb of 2018 in most all localities.

Here is your look at the most recent data for the entire Portland area:

  • According to the RMLS Market Action Report for the Portland Metro Area, March, 2018:
    • There were 3,648 New Listings in March 2018 which was up 1.2% from March of 2017's 3,604, and up a whopping 44.2% from the previous month/Feb of 2018's total of 2,530.
    • At 2,371, March Closed Sales were down 4.9% from March 2017's 2,494, and up a whopping 31.3% from the previous month/Feb 2018's total of  1,806.
    • March's Pending Sales (accepted offers), at 2,894 dropped 4.9% from March of 2017's 3,043, and increased another whopping 23.8% from the previous month/Feb 2018's total of 2,337
    • The Average Sale Price in March of $445,900 was up $17,500 from March 2017's $428,400, and also up from February 2018's $441,900 by $4,000.   

Neighborhoods: March's Average Sale Price + 12-month Appreciation :

  • North Portland:  $438,700              6.6%   (Feb 418,000)
  • NE Portland:  $478,900                   7.3%   (Feb 462,400)
  • SE Portland:  $418,600                   8.4%   (Feb 418,700)
  • Gresham/Troutdale:   $356,400   12.0%   (Feb 339,400)
  • Milwaukie/Clackamas:  $423,400  9.4%   (Feb 406,100)
  • Oregon City/Canby:   $396,500      6.0%   (Feb 381,200)
  • Lake Oswego/West Linn:$631,100 6.1%   (Feb 706,400)
  • West Portland:    $597,200             3.1%   (Feb 602,500)
  • NW Wash County:  $550,200          7.5%   (Feb 540,100)
  • Beaverton/Aloha:     $386,000        9.1%   (Feb 380,500)
  • Tigard/Wilsonville:   $456,700        7.4%   (Feb 443,600)
  • Hillsboro/Forest Grove: $403,800  9.9%   (Feb 384,600)

News & Notes for Feb 2018

Here is your look at the most recent data for the entire Portland area just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, February, 2018:
    • There were 2,530 New Listings in Feb 2018 which was up .4% from Feb of 2017’s 2,521, and UP  1.8% from Jan of 2018’s total of 2,486.
    • At 1,806, Feb Closed Sales were up 8.2% from Feb 2017’s 1,669, and 10% from the previous month/Jan 2018’s total of  1,628.
    • February’s Pending Sales (accepted offers), at 2,337 dropped 1.4% from Feb of 2017’s 2,369, and increased slightly at 1.1% from the previous month/Jan 2018’s total of 2,311 
    • The Average Sale Price in February of $441,900 was up $37,700 from February 2017’s $404,200, and also up from January 2018’s $436,400 by $5,500.   

Neighborhoods: February’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $418,000              7.6%   (Jan 435,300)
  • NE Portland:  $462,400                   7.3%   (Jan 445,800)
  • SE Portland:  $418,700                   9.1%   (Jan 380,900)
  • Gresham/Troutdale:   $339,400   11.2%   (Jan 351,600)
  • Milwaukie/Clackamas:  $406,100  9.6%   (Jan 424,800)
  • Oregon City/Canby:   $381,200      6.2%   (Jan 408,600)
  • Lake Oswego/West Linn:$706,400 4.8%   (Jan 631,600)
  • West Portland:    $602,500             3.5%   (Jan 609,300)
  • NW Wash County:  $540,100          7.4%   (Jan 538,300)
  • Beaverton/Aloha:     $380,500        8.6%   (Jan 367,600)
  • Tigard/Wilsonville:   $443,600        6.7%   (Jan 428,400)
  • Hillsboro/Forest Grove: $384,600 10.1%   (Jan 390,300)

The Single Most Important Thing

I have people ask me this all the time how to prepare to buy a home... OR they tell me they're sure they *can't* buy a home!  I say: "What's the single most important thing you could do to get ready to buy a house? Even if you think its "down the road"? 
Talk to a *good* lender. They'll take your info, and *not* charge you anything to run your numbers & give you a range of prices (based on what you qualify for *and* how much you prefer to spend on monthly payments), OR an actual plan on what exactly you need to do to work toward getting approved. Contact me. I know people ; ) People I feel good about. People I've vetted. People you can trust with your own individual adventure."

Night Bird

I met this bird on a walk in the neighborhood last night~

City of Birds

Portland Artists are into birds. Portland is the City of Roses, the City of Bridges...but its also the City of Birds~

2017 Numbers Are In!

We've got the numbers in for 2017~ Here is your look at the most recent data for the entire Portland area including a Neighborhood Breakdown just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, December, 2017:
    • There were 1,617 New Listings in Dec 2017 which was up 13.8% from Dec of 2016's 1,421, and down a whopping 33.1% from Nov of 2017's total of 2,416.
    • At 2,350, Dec Closed Sales were down 10.3% from Dec 2016's 2,621, and 1.6% from the previous month/Nov 2017's total of  2,387.
    • December's Pending Sales (accepted offers), at 1,757 was exactly the same as Dec of 2016, and decreased 25.9% from the previous month/Nov 2017's total of 2,371.
    • The Average Sale Price in December of $421,700 was up $22,400 from December 2016's $399,300, and down from November 2017's $425,000 by $3,300.   

Neighborhoods: December's Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $400,500             5.9%   (Nov 401,600)
  • NE Portland:  $430,000                   8.1%   (Nov 439,100)
  • SE Portland:  $382,200                    8.7%   (Nov 403,500)
  • Gresham/Troutdale:   $329,600   10.4%   (Nov 349,900)
  • Milwaukie/Clackamas:  $411,500 9.1%   (Nov 406,000)
  • Oregon City/Canby:   $402,100      7.2%   (Nov 377,800)
  • Lake Oswego/West Linn:$662,700 9.5%   (Nov 708,000)
  • West Portland:    $612,700               3.2%   (Nov 576,100)
  • NW Washington County:$534,400  7.7%   (Nov 501,200)
  • Beaverton/Aloha:     $363,200        9.2%   (Nov 349,300)
  • Tigard/Wilsonville:   $435,700       7.7%   (Nov 453,000)
  • Hillsboro/Forest Grove: $366,800 11.0%   (Nov 364,600)

Latest October Data + Last Week in Portland!

Here is your look at the most recent data for the entire Portland area:

  • According to the RMLS Market Action Report for the Portland Metro Area, October, 2017:
    • There were 2,981 New Listings in October which was up 1.8% from October of 2016’s 2,929, and down 18.2% from the previous month/Sept 2017’s total of 3,644 .
    • At 2,565, October Closed Sales were down 0.9% from October 2016’s 2,589, and 3.6% from the previous month/Sept 2017’s total of  2,660.
    • October’s Pending Sales (accepted offers), at 2,705 dropped 4.8% from October of 2016’s 2,841, and 0.9% from the previous month/Sept 2017’s total of 2,730.
    • The Average Sale Price in October of $438,500 was up $32,600 from October 2016’s $405,900, and up from Sept 2017’s $426,700 by $11,800.                           

(***This year during typical slow-down season, we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept. Here in October we see a rise of 11,000,  so we make up a bit of ground.)

October Average Sale Price + 12-month Appreciation :

  • North Portland:  $426,000               6.6%  (Sep $374,900)
  • NE Portland:  $447,200                     8.4% (Sep$447,100)
  • SE Portland:  $415,700                      8.1% (Sep $400,900 )
  • Gresham/Troutdale:   $340,700    10.3% (Sep $341,800)
  • Milwaukie/Clackamas:  $409,000 10.5% (Sep $418,500)
  • Oregon City/Canby:   $392,200        8.0% (Sep $416,900)
  • Lake Oswego/West Linn:$694,300 8.5%(Sep $678,200 )
  • West Portland:    $612,100                5.1% (Sep $572,100)
  • NW Washington County:$556,300  9.0%(Sep $501,200)
  • Beaverton/Aloha:     $365,400          9.9% (Sep $369,200)
  • Tigard/Wilsonville:   $455,500          6.7% (Sep $434,600)
  • Hillsboro/Forest Grove: $374,400 11.6% (Sep $385,400)

LAST WEEK IN PORTLAND! (SOLDS: Oct 13-19 - Scroll Your Neighborhood of Choice) 

****BEST ON COMPUTER SCREEN

North Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type Days on Mkt
6734 N RICHMOND AVE/Grnd $282,500 $232,000 2 2 1146 CONDO 119
6555 N BOSTON AVE $267,950 $247,500 2 1 1262 DETACHD 90
9205 N MACRUM AVE $324,900 $315,000 3 2.1 1422 DETACHD 22
9244 N ALLEGHENY AVE $329,900 $329,900 2 1 724 DETACHD 6
4527 N NEWARK ST $339,500 $341,000 3 2.1 1928 DETACHD 5
3327 N HALLECK ST $315,000 $346,000 2 1 1928 DETACHD 8
7819 N EMERALD AVE $375,000 $376,000 3 1.1 1762 DETACHD 7
707 N HAYDEN ISLAND DR #426 $399,900 $380,000 2 2 2088 CONDO 34
8410 N DWIGHT AVE $385,000 $385,000 3 2 1316 DETACHD 5
1215 N ALBERTA ST $429,900 $392,500 3 1 2296 DETACHD 18
9109 N OSWEGO AVE $399,000 $393,500 3 1.1 1782 DETACHD 27
6330 N WILLAMETTE BLVD $400,000 $402,500 2 2.1 2206 DETACHD 3
6829 N SWIFT ST $434,900 $428,000 3 2.1 1928 DETACHD 1
7522 N JERSEY ST $469,800 $435,000 3 2 2264 DETACHD 22
2025 N BRYANT ST $488,000 $475,000 3 2.1 1622 DETACHD 153
302 N IVY ST $515,000 $505,000 3 2.1 1549 ATTACHD 247
1834 N WILLAMETTE BLVD $549,900 $545,000 3 2 2802 DETACHD 24
2045 N BLANDENA ST $569,900 $564,500 3 2 2224 DETACHD 37
2912 N HALLECK ST $585,000 $585,000 4 3.1 2024 DETACHD 7
26 N SARATOGA ST $694,900 $599,900 5 3 3040 DETACHD 24
5375 N DEPAUW ST $599,900 $599,900 3 2.1 2274 DETACHD 5
4712 N CONGRESS ST $699,900 $683,000 3 2.1 1521 ATTACHD  
NE Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type Days on Mkt
697 NE 162ND AVE/Upper $149,900 $155,000 3 2 1060 CONDO 4
1132 NE MARINERS LOOP $209,000 $218,000 4 2 1456 RES-MFG 160
2229 NE 117TH AVE $240,000 $243,000 2 2 760 DETACHD 25
174 NE 166TH AVE $260,000 $260,000 3 2 992 DETACHD 3
15884 NE HOLLADAY ST $266,000 $268,000 3 2 1472 DETACHD 28
11826 NE SACRAMENTO ST $349,500 $314,000 3 1 960 DETACHD 66
16801 NE OREGON ST $315,000 $315,000 4 3 1988 DETACHD 24
407 NE 141ST PL $335,000 $323,500 3 2.1 1648 ATTACHD 50
18672 NE MULTNOMAH ST $329,000 $331,000 3 2.1 1606 DETACHD 5
1712 NE 143RD AVE $343,900 $335,000 3 2.1 1708 DETACHD 49
4136 NE 135TH AVE $369,000 $342,150 3 2 2188 DETACHD 72
3320 NE 158TH AVE $339,900 $345,000 4 2.1 2543 DETACHD 74
10433 NE MORRIS ST $349,000 $345,000 3 1 1552 DETACHD 9
4346 NE 76TH AVE $375,000 $355,000 3 2.1 1502 DETACHD 78
2123 NE 128TH AVE $365,000 $363,000 3 2 1583 DETACHD 19
1003 NE 76TH AVE $335,000 $365,000 2 1 1400 DETACHD 8
1950 NE 72ND AVE $415,000 $375,000 3 2.1 1626 DETACHD 27
1600 NE 76TH AVE $400,000 $375,000 3 2.1 1428 DETACHD 62
9944 NE CAMPAIGN ST $379,000 $380,000 4 2 2979 DETACHD 8
5512 NE 7TH AVE $385,000 $380,000 3 1 1697 DETACHD 45
13119 NE EUGENE ST $399,900 $385,000 5 2 3054 DETACHD 68
4632 NE ALBERTA ST $399,900 $399,900 3 2.1 1695 DETACHD 57
3415 NE KILLINGSWORTH ST $425,000 $400,000 2 1 2389 DETACHD 8
3177 NE 88TH AVE $385,000 $400,000 3 1.1 1591 DETACHD 6
11834 NE FARGO ST $409,999 $418,000 3 3 2646 DETACHD 6
16676 NE RUSSELL ST $424,900 $424,900 3 2 2154 DETACHD 4
2325 NE FLANDERS ST #14 $415,000 $425,000 2 1 1013 CONDO 5
6413 NE 9TH AVE $419,000 $430,000 3 1 1720 DETACHD 6
3315 NE ROSA PARKS WAY $495,000 $450,000 3 1 1728 DETACHD 56
2740 NE 35TH AVE $450,000 $460,000 2 1.1 1908 DETACHD 3
2924 NE FREMONT ST $489,000 $489,000 2 1.1 2156 DETACHD 10
5851 NE 18TH AVE $500,000 $490,000 3 2 2110 DETACHD 47
4423 NE 66TH AVE $485,000 $491,000 3 1 1660 DETACHD 6
5710 NE HANCOCK ST $529,900 $504,000 3 2.1 1589 DETACHD 61
3909 NE TILLAMOOK ST $575,000 $590,000 2 2.1 2428 TOWNHSE 7
218 NE GRAHAM ST $579,000 $590,000 4 2.1 2868 DETACHD 25
5237 NE WISTARIA DR $599,900 $624,600 3 2 2563 DETACHD 8
2006 NE 10TH AVE $750,000 $660,000 3 3.1 2372 ATTACHD 34
3102 NE ROCKY BUTTE RD $699,000 $689,000 3 3.1 4284 DETACHD 74
3141 NE 30TH AVE $719,000 $695,000 5 2 3108 DETACHD 39
4403 NE 9TH AVE $699,000 $750,000 4 3.1 2658 DETACHD 4
2700 NE THOMPSON ST $1,050,000 $885,000 3 3 3747 DETACHD 71
4633 NE 18TH AVE $949,900 $949,000 5 3 2967 DETACHD 12
635 NE HAZELFERN PL $1,199,000 $1,075,000 4 3.1 3287 DETACHD 86
2209 NE SCHUYLER ST $1,350,000 $1,155,000 6 1.2 4858 DETACHD 192
SE Portland:                        
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type           Days on Mkt
14952 SE CARUTHERS CT/Grnd $145,000 $145,000 2 1 956 CONDO           103
12004 SE BUSH ST C $199,900 $185,500 3 2 966 CONDO           47
2317 SE 147TH AVE $179,900 $201,213 3 1 864 DETACHD           44
14254 SE STEPHENS ST $169,900 $215,000 3 1.1 2288 DETACHD           10
7905 SE MALDEN ST $239,900 $226,000 1 1 788 DETACHD           65
12421 SE BOISE ST #1 $224,900 $226,000 3 2.1 1226 CONDO           49
11407 SE RAMONA CT $235,000 $235,000 3 1 1006 DETACHD           74
9303 SE HENRY ST $245,000 $238,000 3 1 948 DETACHD           60
7104 SE TOLMAN ST $260,000 $242,000 1 1 620 DETACHD           158
13819 SE RHONE ST $269,900 $244,000 3 1 1256 DETACHD           7
1841 SE 157TH DR $250,000 $250,000 3 1 864 DETACHD           98
740 SE 151ST AVE $279,900 $250,000 5 2 1860 DETACHD           94
3556 SE 130TH AVE $250,000 $251,000 3 1.1 1075 DETACHD           71
12107 SE KELLY ST $239,000 $255,000 3 1 1264 DETACHD           39
6436 SE 88TH AVE $249,500 $255,000 3 1 1040 DETACHD           29
4303 SE 79TH AVE $250,000 $265,000 3 2.1 1486 CONDO           70
12353 SE BUSH ST $324,000 $285,000 3 2 1396 DETACHD           7
6311 SE 90TH AVE $309,900 $285,000 6 2 2830 DETACHD           12
13134 SE DUKE ST $299,900 $286,000 3 2 1100 DETACHD           53
2301 SE 105TH AVE $299,900 $290,000 3 2 1031 DETACHD           39
1141 SE 179TH AVE $299,900 $297,400 3 1 1000 DETACHD           7
7923 SE 103RD AVE $338,500 $303,500 3 2 1598 DETACHD           7
6134 SE 84TH PL $295,000 $304,500 3 1 1324 DETACHD           219
2712 SE 170TH AVE $295,000 $306,000 3 2 1492 DETACHD           51
5510 SE GLADSTONE ST $324,500 $309,000 3 1 1858 DETACHD           5
6002 SE DUKE ST $319,900 $310,000 3 2.1 1620 DETACHD           12
6421 SE 62ND AVE $310,000 $311,350 2 1 1056 DETACHD           19
7716 SE 66TH AVE $313,900 $313,000 2 1 1540 DETACHD           4
1401 SE 145TH AVE $295,000 $315,000 3 2 1615 DETACHD           16
8026 SE TOLMAN ST $325,000 $317,000 3 1 884 DETACHD           6
2003 SE 162ND AVE $329,990 $320,000 4 2.1 2038 DETACHD           46
5627 SE 77TH AVE $319,900 $325,000 2 1 2590 DETACHD           28
7924 SE WOODWARD ST $315,000 $325,000 2 1 883 DETACHD           105
4325 SE 75TH AVE $330,000 $330,000 1 1 984 DETACHD           110
3814 SE 16TH AVE $365,000 $339,000 3 2 1267 ATTACHD           172
3811 SE 69TH AVE $392,000 $345,000 3 2 1064 DETACHD           12
6121 SE 49TH AVE $345,000 $345,000 2 1 2136 DETACHD           2
11130 SE MAIN ST $399,000 $352,000 3 2.1 2148 DETACHD           4
4711 SE 79TH AVE $349,000 $353,000 3 1 960 DETACHD           31
15708 SE BYBEE DR $399,900 $359,950 3 2.1 2349 DETACHD           63
8507 SE 144TH DR $359,000 $365,000 3 2 1573 DETACHD           5
6618 SE KNIGHT ST $375,000 $366,500 3 2 1128 DETACHD           5
6633 SE REEDWAY ST $389,900 $375,000 3 1 920 DETACHD           3
4422 SE SALMON ST $440,000 $387,325 2 1 1388 DETACHD           63
8405 SE CLATSOP CT $429,960 $390,000 4 3 2335 DETACHD           63
2736 SE 64TH AVE $400,000 $406,500 2 2 1531 DETACHD           84
5042 SE MARTINS ST $412,000 $407,000 2 2 2082 DETACHD           4
5723 SE CARLTON ST $450,000 $420,000 3 2 1632 DETACHD           13
25 SE 93RD AVE $424,950 $425,000 3 1.1 1376 DETACHD           7
14109 SE HARNEY ST $434,000 $434,000 4 2.1 2601 DETACHD           30
8501 SE 62ND AVE $449,900 $445,000 3 2 1850 DETACHD           124
3731 SE MAIN ST $449,000 $449,000 2 1 1468 DETACHD           149
5311 SE GLADSTONE ST $448,000 $460,000 3 2 2350 DETACHD           55
3329 SE STEELE ST $524,900 $495,000 4 2 2442 DETACHD           48
2712 SE 73RD AVE $574,950 $537,500 4 3.1 2982 DETACHD           17
14037 SE LENNON CT $539,900 $539,900 5 3.1 3752 DETACHD           29
3823 SE WOODWARD ST $549,900 $549,900 3 2.1 2018 TOWNHSE           22
3305 SE 10TH AVE $625,000 $597,765 4 2 2884 DETACHD           39
3643 SE FLAVEL ST $575,000 $625,000 3 2 2172 DETACHD           8
3214 SE 31ST AVE $599,900 $637,000 3 2 2287 DETACHD           3
15 SE 16TH AVE $675,000 $650,000 6 1 2545 DETACHD           0
1825 SE MOUNTAIN VIEW DR $629,900 $651,000 4 1.1 2216 DETACHD           13
1320 SE 28TH AVE $725,000 $675,000 4 2 3276 DETACHD           7
2329 SE LADD AVE $727,000 $720,000 3 1 3157 DETACHD           6
7824 SE 27th AVE $900,000 $879,000 4 2 3527 DETACHD           3
471 SE 58TH PL $1,050,000 $975,000 4 4 2955 DETACHD           5
1443 SE 55TH AVE $1,100,000 $1,035,000 4 2.2 3249 DETACHD           67
7152 SE 13TH AVE $1,199,900 $1,199,900 4 2   DETACHD           15
Milwaukie:                        
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type           Days on Mkt
3106 SE ROSWELL ST $269,000 $262,500 1 1 718 DETACHD           4
6461 SE LAURA ST $255,000 $265,000 2 1 725 DETACHD           41
4940 SE LUCAS CT/Townhm $269,900 $269,900 3 2.1 1450 CONDO           110
15114 SE ARISTA DR $299,000 $279,000 3 1 960 DETACHD           3
7411 SE OTTY ST $279,900 $282,000 3 2 1368 DETACHD           4
5203 SE BANDON LN/Grnd $300,000 $300,000 3 2.1 1740 CONDO           33
17575 SE HOWARD ST $330,000 $320,000 3 2.1 2185 DETACHD           42
18459 SE Blanton ST $299,950 $325,000 3 1 1040 DETACHD           28
18535 SE RIVER RD $325,000 $327,000 2 1 2166 DETACHD           17
4915 SE INA AVE $310,000 $336,000 3 1 1702 DETACHD           19
3200 SE LOEFFELMAN RD $359,900 $345,000 3 2 1486 DETACHD           5
5939 SE OETKIN RD $345,000 $350,000 3 2 1283 DETACHD           7
7742 SE HEATHER CT $359,650 $350,000 3 2 1391 DETACHD           59
9606 SE 55TH AVE $393,000 $355,000 4 3 2270 DETACHD           105
17206 SE RIVER RD $399,000 $364,000 4 3 2622 DETACHD           17
16023 SE OATFIELD RD $355,000 $375,000 4 3 2364 DETACHD           3
5807 SE HILL ST $439,900 $380,000 5 4.1 2884 DETACHD            
14201 SE PARMENTER DR $429,900 $389,000 3 2 2107 DETACHD            
5860 SE KING RD $439,900 $389,000 4 2 2200 DETACHD           13
4343 SE ROBIN RD $439,900 $415,000 3 1.1 1674 DETACHD           42
15794 SE REESE CT $510,900 $510,900 4 2.1 2664 DETACHD           20
16537 SE Julia WAY $597,500 $616,280 3 2.1 2529 DETACHD           108
W Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
8615 SW BRIGHTFIELD CIR/Upper $128,500 $128,500 0 1 468 CONDO 11
4664 SW COMUS PL/Townhm $199,900 $179,000 2 2 998 CONDO 15
709 SW 16TH AVE #206 $194,999 $180,000 0 1 449 CONDO 88
255 SW HARRISON ST #4C $264,500 $219,500 1 1 600 CONDO 97
660 NW FALLING WATERS LN 3101 $299,000 $275,000 2 2 1011 CONDO 34
4210 SW GARDEN HOME RD/Townhm $289,500 $280,000 3 1.1 1198 CONDO 5
4725 SW CALDEW ST D $287,900 $301,000 3 2 1388 CONDO 4
730 NW DALE AVE $349,000 $330,000 2 1 896 DETACHD 234
618 NW 12TH AVE #312 $349,900 $332,500 1 1 601 CONDO 51
7804 SW TERWILLIGER BLVD $329,500 $347,000 4 2 2156 DETACHD 4
4814 SW MARIGOLD ST $355,000 $349,500 3 1 1203 DETACHD 34
6601 SW CANYON DR $360,000 $357,000 3 2 1180 DETACHD 8
8845 SW WHITE PINE LN $448,500 $365,000 3 2 1735 DETACHD 57
0305 SW MONTGOMERY ST #504 $380,000 $377,000 1 1 783 CONDO 47
7010 SW BRIER PL $525,000 $389,000 4 2 2866 DETACHD 26
3601 SW RIVER PKWY #2512 $415,000 $392,500 1 1 866 CONDO 238
8609 SW 61ST AVE $399,000 $394,000 4 1.1 2272 DETACHD 8
1314 NW IRVING ST #409 $420,000 $397,500 1 1 963 CONDO 21
2815 NW UPSHUR ST E $410,000 $415,000 2 2 1060 CONDO 6
5952 SW RIVERIDGE LN/Main $419,000 $420,000 2 2 1170 CONDO 6
5114 SW VIEW POINT TER $479,000 $421,000 2 1 1290 DETACHD 52
1410 NW KEARNEY ST #615 $452,000 $449,000 1 1 1015 CONDO 30
7438 SW CAPITOL HWY $489,900 $459,900 3 3.1 2065 ATTACHD 96
1132 SW 19TH AVE #504 $479,000 $465,000 1 2 1102 CONDO 82
2241 NW PETTYGROVE ST #2 $494,000 $494,000 2 2 1155 CONDO 4
9920 NW GERMANTOWN RD $495,000 $495,000 4 2 2606 DETACHD 31
11985 SW LANEWOOD ST $489,900 $496,500 4 2.1 1798 DETACHD 4
3657 SW BAIRD ST $595,000 $500,000 3 2.1 1800 DETACHD 96
4234 SW HUME ST $499,500 $505,000 4 1.1 1813 DETACHD 2
1310 NW NAITO PKWY #205A $515,000 $510,000 1 1.1 1006 CONDO 14
2241 NW PETTYGROVE ST #6 $565,000 $535,000 2 2.1 1244 CONDO 196
333 NW 9TH AVE #405 $572,000 $545,000 1 1 1004 CONDO 18
5411 SW MARTHA ST $550,000 $550,000 4 2 3083 DETACHD 7
10678 SW BERKSHIRE ST $698,500 $625,000 4 2.1 2730 DETACHD 179
1030 NW 12TH AVE #201 $665,000 $645,000 2 2 1291 CONDO 57
3340 SW STONEBROOK DR $699,000 $670,000 4 2.1 2612 DETACHD 42
301 SW NEBRASKA ST $690,000 $690,000 3 2.1 2457 DETACHD 10
7695 SW BRENTWOOD ST $700,000 $700,000 3 2 2197 DETACHD 0
1710 NW MILL POND RD $650,000 $700,000 4 3 2924 DETACHD 4
4047 SW CHESAPEAK AVE $850,000 $711,000 3 3.1 2547 DETACHD 153
8485 SW 46TH AVE $749,900 $749,900 5 2.1 2844 DETACHD 45
1429 NW 22ND AVE $750,000 $750,000 3 2.1 1846 ATTACHD 55
5600 SW WILBARD ST $925,000 $785,000 4 3 3486 DETACHD 42
2310 SW CHELMSFORD AVE $895,000 $817,500 3 3.1 3561 DETACHD 165
11985 SW BELVIDERE PL $850,000 $825,000 4 2 2488 DETACHD 20
2222 NW HOYT ST #202 $799,900 $830,000 2 2 1644 CONDO 4
3434 SW GALE AVE $830,000 $830,000 5 3 4062 DETACHD 0
1634 NW POTTERS CT $850,000 $854,400 4 2.1 3600 DETACHD 11
9021 NW BARTHOLOMEW DR $895,000 $865,000 4 3.1 3507 DETACHD 15
10707 SW MOAPA AVE $879,000 $879,000 5 3.1 3213 DETACHD 273
3115 SW BENNINGTON DR $895,000 $895,000 4 3 2863 DETACHD 6
2595 SW SCENIC DR $669,000 $924,000 4 3.1 3102 DETACHD 157
4043 SW WESTDALE DR $969,000 $940,000 3 2.1 3920 DETACHD 21
4426 SW HILLSIDE DR $1,149,900 $1,120,000 5 5 5138 DETACHD 39
1315 SW RIVINGTON DR $1,275,000 $1,199,000 2 2.1 1828 DETACHD 78
2335 NW RALEIGH ST #413 $1,288,000 $1,288,000 3 2.1 1973 CONDO 26
3133 SW BENNINGTON DR $1,400,000 $1,500,000 4 3.1 4628 DETACHD 21
3356 NW VAUGHN ST $1,895,000 $1,745,000 4 3 3555 DETACHD 78
13215 SW IRON MOUNTAIN BLVD $2,200,000 $2,060,000 4 4.2 4671 DETACHD 17
NW Wash. County:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type Days on Mkt
5170 NW NEAKAHNIE AVE/Upper $200,000 $189,500 2 1 743 CONDO 19
10270 NW OAK TER $239,900 $243,000 4 2 1782 RES-MFG 6
766 NW 118TH AVE #103 $310,000 $312,000 2 2.1 1051 CONDO 3
31125 NW HIGHLAND CT $329,900 $329,900 3 2.1 1749 DETACHD 5
27448 NW St Helens RD #350 $375,000 $350,000 3 2.1 2032 FLTHOME  
17715 NW SANTIAM CT $359,500 $355,000 3 2 1540 DETACHD 6
754 NW 118TH AVE #101 $380,000 $380,000 3 2.1 1471 CONDO 31
4580 NW IMNAHA CT $397,000 $387,000 3 2 1662 DETACHD 23
3209 NW 157TH PL $410,000 $425,000 3 2 1990 DETACHD 2
17118 NW OAK CREEK DR $449,900 $429,000 4 2.1 1680 DETACHD 82
2193 NW 163RD TER $445,900 $445,900 3 0.3 2404 DETACHD 33
7194 NW 167th AVE $444,995 $446,075 3 2.1 1671 DETACHD  
10040 NW CORNELL RD $500,000 $450,000 3 2 2492 DETACHD 28
14581 NW Larson RD #7 $499,000 $450,000 2 2 1367 FLTHOME  
15221 NW DANE LN $479,900 $471,500 3 2.1 1952 DETACHD 64
3763 NW 115TH AVE $500,000 $485,000 4 2.1 1979 DETACHD 68
12655 NW ALLY ELIZABETH CT $559,900 $485,000 5 3 3449 DETACHD 142
7362 NW Dusty TER $496,995 $497,815 4 2.1 2104 DETACHD  
16847 NW Anita ST $508,995 $508,995 4 2.1 2251 DETACHD  
9289 NW HARVEST HILL DR $509,000 $509,000 4 2.1 1654 DETACHD 74
10315 NW 307 AVE $508,900 $510,750 5 3 2892 DETACHD  
5529 NW BANNISTER DR $525,000 $525,000 5 2.1 3847 DETACHD 112
16970 NW Tristan ST $529,995 $529,995 5 3.1 3014 DETACHD  
12829 NW AVIGNON LN $570,000 $555,000 4 2.1 2584 DETACHD 31
10077 SW MORRISON ST $599,900 $585,000 4 3 2663 ATTACHD 20
6561 NW 164TH AVE $649,900 $656,500 3 2.1 3106 DETACHD 4
17492 NW WOODRUSH WAY $659,995 $659,995 6 3.1 3376 DETACHD 2
14778 NW DELIA ST $699,990 $699,990 4 2.1 2909 DETACHD 24
11839 NW CHIPMUNK LN $749,900 $732,000 3 3 3022 DETACHD 59
1090 NW 113TH AVE $849,900 $810,000 4 2.1 2943 DETACHD 133
16915 NW BRUGGER RD $1,475,000 $1,475,000 4 5.1 4956 DETACHD 3

Sept 2017 Data ~ Portland

  • According to the RMLS Market Action Report for the Portland Metro Area, September, 2017:
    • There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
    • At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of  3,034.
    • September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
    • The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700.    (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)                  
  • Sept Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $374,900                7%    (Aug $436,400)
  • NE Portland:  $447,100                      9.6% (Aug $460,100)
  • SE Portland:  $400,900                       8.7% (Aug $391,200)
  • Gresham/Troutdale:   $341,800     10.5%(Aug $333,300)
  • Milwaukie/Clackamas:  $418,500   10.4%(Aug $420,300)
  • Oregon City/Canby:   $416,900        8.9% (Aug $394,800)
  • Lake Oswego/West Linn:$678,200  8.2% (Aug $713,800)
  • West Portland:    $572,100                 6.9%(Aug $567,100)
  • NW Washington County:$501,200   9.9% (Aug $526,500)
  • Beaverton/Aloha:     $369,200           9.7% (Aug $376,800)
  • Tigard/Wilsonville:   $434,600           6.3% (Aug $439,300)
  • Hillsboro/Forest Grove: $385,400   12.1%(Aug $382,800)

August 2017 Data ~ Portland

Here is your look at the most recent data for the entire Portland area below:

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2017:
    • There were 4,048 New Listings in August 2017 which was down 3.7% from August of 2016’s 4,203, and down the same 3.7% from July of 2017’s total of 4,202.
    • At 3,034, August Closed Sales were up 1.1% from August 2016’s 3,001, and up 8.6% from the previous month/July 2017’s total of  2,793.
    • August Pending Sales (accepted offers), at 3,072 dropped 7.6% from August of 2016’s 3,325, and edged up 1.1% from the previous month/July 2017’s total of 3,040.
    • The Average Sale Price in August of $436,400 was up $36,300 from August 2016’s $400,100, and down from June 2017’s $447,400 by $11,000.                      

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

  • North Portland:  $436,400               9.1% (July $401,100)
  • NE Portland:  $460,100                  11.1% (July $497,000)
  • SE Portland:  $391,200                   8.8% (July $404,100)
  • Gresham/Troutdale:   $333,300     9.8%  (July $327,600)
  • Milwaukie/Clackamas:  $420,300 12.0% (July $423,100)
  • Oregon City/Canby:   $394,800      8.1% (July $392,800)
  • Lake Oswego/West Linn:$713,800 8.6%(July $741,100)
  • West Portland:    $567,100             6.7%  (July $610,900)
  • NW Washington County:$526,500 10.4%(July $536,000)
  • Beaverton/Aloha:     $376,800        9.9%  (July $380,900)
  • Tigard/Wilsonville:   $439,300        5.9% (July $440,700)
  • Hillsboro/Forest Grove: $382,800 13.0% (June $385,100)
  •  

Win/Win ~

 

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July 2017 Data ~ Portland

Here is your look at the most recent data for the entire Portland area below:

 

  • According to the RMLS Market Action Report for the Portland Metro Area, July, 2017:
    • There were 4,202 New Listings in July 2017 which was down 3.9% from July of 2016’s 4,372, and down 11.3% from June of 2017’s total of 4,739.
    • At 2,793, July Closed Sales were up .6% from July 2016’s 2,776, and down 12.4% from the previous month/June 2017’s total of  3,187.
    • July Pending Sales (accepted offers), at 3,040 dropped 7.9% from July of 2016’s 3,302, and 6.6% from the previous month/June 2017’s total of 3,254.
    • The Average Sale Price in July of $447,400 was up $40,300 from July 2016’s $407,100, and up from June 2017’s $440,600 by $6,800.                      
        July Average Sale Price + Appreciation (last 12 months):

 

  • North Portland:  $401,100               8.9% (June $406,400)
  • NE Portland:  $497,000                   11.0% (June $462,900)
  • SE Portland:  $404,100                   9.7% (June $413,200)
  • Gresham/Troutdale:   $327,600     10.4% (June $342,900)
  • Milwaukie/Clackamas:  $423,100  12.1%(June $440,800)
  • Oregon City/Canby:   $392,800       8.2% (June $402,000)
  • Lake Oswego/West Linn: $741,100 7.8%(June $627,600)
  • West Portland:    $610,900             10.3% (June $602,900)
  • NW Washington County:$536,000 10.8%(June $514,200)
  • Beaverton/Aloha:     $380,900       10.5% (June $373,800)
  • Tigard/Wilsonville:   $440,700         5.5% (June $443,500)
  • Hillsboro/Forest Grove: $385,100  12.6% (June $337,700)

Last Week in Portland + April Report

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 Weekhow 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

Last Week in Portland + Feb Report 2017

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

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

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

St Johns is Now a Tourist Destination!

 

I Love St Johns. What a great choice for a place to live with that unique Portland feel! They just forgot to include "Take your dog to visit Serge at Tre Bone!"  www.TreBone.net  (My husband's store ; )

CLICK HERE for Travel Oregon piece on St Johns

I Work For You

For 13 years now.....  I'm so happy to work for *you*.  (And your friends ; )

To Die For

Beautifully done. I've always wanted one of these...  

Portland Neighborhood Numbers for 2016 vs 2015

Average Sale Prices By Area YTD for 2016 were:

  • North Portland: $380,600    (2015: $335,000)
  • NE Portland:  $418,000    (2015: $376,700)
  • SE Portland: $364,600    (2015: $330,100)
  • Gresham/Troutdale: $297,100    (2015: $263,000)
  • Milwaukie/Clackamas: $376,500    (2015: $335,600)
  • Oregon City/Canby: $366,400    (2015: $325,200)
  • Lake Oswego/West Linn: $614,000    (2015: $541,800)
  • W Portland: $563,400    (2015: $495,100)
  • NW Washington County: $487,900    (2015: $442,700)
  • Beaverton/Aloha: $331,900    (2015: $297,300)
  • Tigard/Wilsonville: $404,200    (2015: $370,600)
  • Hillsboro/Forest Grove: $335,100    (2015: $293,900)

****Data from RMLS

How Much Is My Home Worth in Portland, Oregon

How Much is your home worth in Portland, Oregon?  If you are planning on selling your home, that is a question you need answered.  As your Local Portland Real Estate Expert, I can help you to learn the answer to that question.  I will personally do the research on your behalf and provide you with a detailed Free Market Analysis.  Please feel free to take a few moments to complete the basic information below and I will go straight to work for you.  Or, if you prefer, please feel free to give me a call directly at 503-318-2116.

See: Homes for Sale in Portland, Oregon

FOR A COMPLETE MARKET ANALYSIS FORM: CLICK HERE (link to Free Market Analysis)
IMAGE OF A HOME

Have You Ever Considered Purchasing a Home in Portland, Oregon

Have you ever considered moving to beautiful Portland, Oregon?  Portland is a desirable community & great location.  Portland, Oregon boasts a variety of local landmarks, excellent schools, parks and much much more.  Take a look at some of the most popular searches in Portland, Oregon and the surrounding areas.

See: Homes for Sale in Portland, Oregon

Not quite the location that you are looking for?  That is okay.  Through my website you can search for the exact home you are looking for in the exact city, county or community you are looking for.  Search for your perfect home, in the perfect location by taking advantage of my Advanced Search tool built directly into this website.

Last Week in Portland (Report)

10/24/16

Hi There!

Here's a brief overview 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 SEPTEMBER NUMBERS/OVERVIEW

 

  • According to the RMLS Market Action Report for the Portland Metro Area, September, 2016:
    • There were 3,673 New Listings in September which was down a whopping 12.6% from August, and up 7.3% from September of 2015.
    • At 2,823, September Closed Sales were also down 5.9% from August’s 3,001, and down 6.2% from September of 2015’s 3,010.
    • September Pending Sales (Accepted Offers), at 2,857 were down 14.1% from August’s 3,325, and were also  3.8% lower than September of 2015’s 2,971.
    • The Average Sale Price in September of $392,200 was down $7,900 from August’s $400,100, and also up around $43,200 from September of 2015’s $349,000. 
       
  • September Average Sale Price + Appreciation (last 12 months):
    • North Portland:                 $381,400             14.3%  (Aug: $373,400/12.8%)
    • NE Portland:                       $437,200             10.3%  (Aug: $426,400/ 9.2%)
    • SE Portland:                        $368,200             11.0%  (Aug: $369,400 / 11.0%
    • Gresham/Troutdale:        $296,900             12.6%  (Aug: $311,600 / 13.1%)
    • Milwaukie/Clackamas:    $395,100             11.1%  (Aug: $385,300  / 8.6%)
    • Oregon City/Canby:          $364,100             11.6%  (Aug: $364,100 / 12.8%)
    • Lake Oswego/West Linn:$619,800            14.2%  (Aug: $619,600 / 11.8%)
    • West Portland:                   $505,100            10.3%  (Aug: $572,100 / 9.8%)
    • NW Washington County: $473,300              7.8%  (Aug: $495,200  / 7.0%)
    • Beaverton/Aloha:              $335,100              9.9%  (Aug: $350,300 / 9.4%)
    • Tigard/Wilsonville:            $400,700             10.6% (Aug: $402,200  / 10.7%)
    • Hillsboro/Forest Grove:   $345,300             14.1% (Aug: $328,100 / 12.4%)

_____________________________________________________________

ON THE MORTGAGE FRONT

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

Still no certainty on the matter of when the Fed will raise the Overnight Lending Rate (which always affects mortgage rates).   However, after the unusually hawkish remarks–made by several members of the Fed Open Market Committee in September–about raising the rate at the December 2016 meeting, and then several times more in 2017, several analysts in financial markets have echoed the same opinion.

There is a struggle going on at the Fed between the doves and the hawks, and at some point the hawks will prevail.  Because, in spite of all the political noise on the subject, the U.S economy is actually getting stronger each year, always a driver of higher rates in all areas of lending.

The Fed struggle won’t go on forever, and when the hawks prevail, mortgage rates will rise.

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

Check out your neighborhood (or desired neighborhood) with this detailed, scrollable graph of what SOLD in Portland’s N, NE, SE SW & NW areas October 10-16:

North Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6912 N Philadelphia AVE/Grnd $177,000 $177,000 2 0.1 734 CONDO 7
8080 N BURLINGTON AVE/Grnd $215,000 $225,000 1 1 729 CONDO 7
5026 N CECELIA ST $240,000 $250,000 2 1 918 DETACHD 7
229 N BALDWIN ST $204,000 $299,000 2 1 1122 DETACHD 121
9936 N DECATUR ST $329,000 $319,000 3 2.1 1514 ATTACHD 88
6848 N MISSISSIPPI AVE $324,899 $341,000 2 1 2004 DETACHD 91
324 N HAYDEN BAY DR $380,000 $360,000 2 2 2015 CONDO 140
9030 N VAN HOUTEN AVE $364,900 $368,650 3 2.1 1506 DETACHD 4
4104 N LONGVIEW AVE $458,000 $400,000 3 1 2496 DETACHD 48
8205 N DWIGHT AVE $385,000 $400,000 2 1 1392 DETACHD 13
5745 N COMMERCIAL AVE $399,000 $410,000 4 1 2356 DETACHD 6
833 N ALBERTA ST $425,000 $415,000 2 1 1736 DETACHD 18
620 N WINCHELL ST $459,900 $419,000 4 3 2310 DETACHD 35
9135 N SYRACUSE ST $420,000 $425,000 3 2 2000 DETACHD 10
3624 N ALBINA AVE $449,000 $455,000 4 2 2217 DETACHD 3
6237 N MISSISSIPPI AVE $559,900 $555,000 4 2.1 2896 DETACHD 29
1910 N WINCHELL ST $625,000 $661,000 4 2 3988 DETACHD 5
NE Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3157 NE Marine DR #SL17 $59,900 $46,000 1 1 800 FLTHOME  
8716 NE HASSALO ST/Grnd $174,900 $174,900 3 1 1044 CONDO 5
2903 NE 151ST AVE $189,900 $189,900 2 2 1638 CONDO 30
4645 NE 99TH AVE $210,000 $210,000 1 1 800 DETACHD 1
533 NE HOLLADAY ST #706 $219,000 $215,000 1 1 697 CONDO 10
14706 NE COUCH ST $219,000 $219,000 2 2.1 1254 ATTACHD 18
1463 NE 176TH AVE $250,000 $252,000 3 2.1 1592 ATTACHD 6
2114 NE HALSEY ST #27 $259,900 $259,900 1 1 687 CONDO 79
19130 NE HOLLADAY PL $270,000 $260,000 3 2 1224 DETACHD 25
4546 NE 96TH AVE $259,000 $265,000 2 1 926 DETACHD 20
14733 NE STANTON CT/Grnd $284,900 $278,800 3 2 2335 CONDO 27
11330 NE FARGO ST $299,000 $289,000 3 2 1440 DETACHD 38
5716 NE FAILING ST $280,000 $289,500 2 1 871 DETACHD 79
15510 NE COUCH ST $299,900 $299,900 4 2.1 1685 DETACHD 19
2543 NE 92ND AVE $289,900 $300,000 4 1 1264 DETACHD 5
410 NE 140TH AVE $295,000 $300,000 2 2 1474 DETACHD 0
4803 NE 78TH AVE $289,000 $310,000 2 1 1069 DETACHD 4
526 NE FARGO ST #B $319,950 $312,000 1 1.1 1031 CONDO 10
1703 NE 127TH AVE $309,999 $314,999 4 2 2168 DETACHD 50
11626 NE HOLLADAY ST $333,000 $335,000 3 2 1610 DETACHD 9
4633 NE 18TH AVE $424,900 $339,000 1 1 632 DETACHD 33
3128 NE 141ST AVE $370,000 $340,000 4 2 1614 DETACHD 8
10705 NE SKIDMORE ST $375,000 $350,000 4 3 3149 DETACHD 24
9620 NE SKIDMORE ST $349,000 $353,200 3 3 2348 DETACHD 6
8507 NE PACIFIC ST $325,000 $356,000 4 2 1463 DETACHD 6
3406 NE 67TH AVE $399,990 $361,000 3 1 1872 DETACHD 16
2208 NE 128TH AVE $375,000 $383,000 5 3 2444 DETACHD 28
3355 NE 75TH AVE $399,900 $390,000 3 1 1372 DETACHD 33
1309 NE 137TH AVE $420,000 $430,000 3 3.1 2967 DETACHD 7
1916 NE 57TH AVE $459,000 $459,000 4 2 2156 DETACHD 8
3614 NE 43RD AVE $574,900 $589,900 3 2.1 1865 DETACHD 18
4534 NE 32ND PL $600,000 $640,000 4 1 2360 DETACHD 6
1725 NE 52ND AVE $685,000 $685,000 3 2.1 3269 DETACHD 7
2134 NE 55TH AVE $685,000 $685,000 4 2 3894 DETACHD 40
2603 NE 31ST AVE $784,900 $750,000 4 3 2542 DETACHD 61
2547 NE 10TH AVE $829,000 $810,000 4 3.1 3304 DETACHD 33
3005 NE 16TH AVE $849,000 $856,500 3 2.1 3221 DETACHD 4
SE Portland:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
7227 SE FLAVEL ST #27 $15,000 $15,000 2 1 784 IN-PARK 31
3924 SE 168TH AVE/Upper $109,950 $111,950 2 1 861 CONDO 7
2627 SE 136TH AVE/Grnd $120,000 $118,500 2 1 780 CONDO 6
2726 SE 138TH AVE #79 $125,000 $125,000 2 1 844 CONDO 16
14978 SE CARUTHERS CT/Grnd $150,000 $140,000 2 1 956 CONDO 16
2009 SE 184TH AVE $214,000 $190,500 3 2 2356 DETACHD 30
17132 SE MARKET ST $198,000 $200,000 3 1 960 DETACHD 8
17022 SE JULIANO CT $199,900 $205,000 3 2.1 1272 ATTACHD 97
8621 SE RAYMOND CT $199,000 $206,000 1 1 543 DETACHD 3
5726 SE 120TH AVE $150,000 $210,000 2 1 870 DETACHD 6
3134 SE 122ND AVE $215,000 $215,000 3 1 930 DETACHD 53
402 SE 108TH AVE $250,000 $215,100 4 2 1218 DETACHD 249
9711 SE ELLIS ST $215,000 $225,000 2 1 840 DETACHD 11
10120 SE HAROLD ST $224,000 $230,000 3 1 884 DETACHD 7
10435 SE ELLIS ST $225,000 $238,000 3 2 1402 DETACHD 8
5929 SE 134TH PL $249,900 $240,000 3 2.1 1420 ATTACHD 88
5803 SE 84TH AVE $225,000 $255,000 2 1 1631 DETACHD 5
15630 SE YAMHILL ST $249,900 $256,000 3 1.1 1214 DETACHD 34
3721 SE 69TH AVE $275,000 $264,000 3 1 1974 DETACHD 38
3210 SE 122ND AVE $335,000 $271,099 3 2 1170 DETACHD 117
5450 SE 87TH AVE $270,000 $280,000 4 3 1720 DETACHD 19
4835 SE 76TH AVE $275,000 $310,000 3 1 910 DETACHD 4
6144 SE WOODSTOCK BLVD $325,000 $325,000 3 1 912 DETACHD 37
7019 SE SHERRETT ST $334,900 $334,900 4 2.1 1768 DETACHD 6
6756 SE CLATSOP ST $329,950 $339,950 4 2.1 1665 DETACHD 68
11914 SE CORA ST $339,900 $342,500 4 2.1 1702 DETACHD 0
17228 SE EZGOIN LN $390,000 $379,000 4 3 2285 DETACHD 48
3006 SE CESAR E CHAVEZ BLVD $385,000 $379,000 2 1.1 1860 DETACHD 84
14505 SE CLATSOP ST $369,900 $379,900 4 2.1 2185 DETACHD 7
414 SE 26TH AVE $399,900 $405,000 2 1 883 DETACHD 40
5215 SE 78TH AVE $398,500 $415,000 3 2 1720 DETACHD 11
6640 SE 68TH AVE $449,000 $425,000 3 3 2671 DETACHD 32
7515 SE 111TH AVE $449,000 $425,000 4 3.1 3190 DETACHD 69
7611 SE MARTINS ST $465,000 $430,000 4 2 2318 DETACHD 63
6911 SE 48TH AVE $450,000 $450,000 4 1 1456 DETACHD 2
3610 SE SHERMAN ST $469,900 $454,900 3 1 2273 DETACHD 26
1709 SE 44TH AVE $499,000 $470,000 2 2 1872 DETACHD 21
17129 SE BEARSPAW ST $490,000 $473,000 4 2.1 2768 DETACHD 128
3930 SE 70TH AVE $569,900 $494,000 4 3 2848 DETACHD 115
4330 SE RAYMOND ST $450,000 $500,000 4 3 1860 DETACHD 4
3903 SE IVON ST $549,900 $515,000 4 3 3104 DETACHD 60
5032 SE 36TH PL $524,900 $524,900 4 2.1 2165 DETACHD 5
3632 SE WASHINGTON ST $525,000 $535,000 2 1 1958 DETACHD 6
2222 SE 48TH AVE $500,000 $550,000 3 2.1 1626 DETACHD 3
1725 SE 48TH AVE $589,900 $555,000 4 2 2410 DETACHD 23
8512 SE 13TH AVE $599,000 $575,000 3 2 1916 DETACHD 102
6514 SE 42ND AVE $624,900 $594,950 4 2 2204 DETACHD 23
6322 SE 20TH AVE $649,750 $649,750 3 2.1 2652 DETACHD 28
2934 SE SALMON ST $699,698 $685,000 3 1.1 2592 DETACHD 42
1930 SE MULBERRY AVE $799,900 $820,000 3 2.1 2946 DETACHD 5
6243 SE REED COLLEGE PL $1,099,000 $1,019,000 4 3 4133 DETACHD 72
West Portland & Raleigh Hills:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
7720 SW LINDEN RD $192,500 $192,500 2 2 1922 DETACHD 48
4330 SW 91ST AVE $259,000 $252,500 3 3 3868 DETACHD 192
0831 SW PENNOYER ST $300,000 $287,000 3 3.1 2275 CONDO 82
2335 NW RALEIGH ST #A125 $325,000 $312,500 2 2 1397 CONDO 3
2309 SW 1ST AVE #2141 $349,000 $334,000 3 3 2024 CONDO 48
8245 NW HAZELTINE ST $339,900 $342,000 4 3.1 4204 DETACHD 497
1538 NW BENFIELD DR $350,000 $350,000 6 3.1 3828 DETACHD 84
2625 SW BRAE MAR CT $349,900 $352,000 3 2 2185 DETACHD 24
4614 SW IDAHO DR $362,000 $365,000 3 3 2251 DETACHD 2
2442 NW WESTOVER RD #500 $379,000 $375,000 3 3.1 3606 CONDO 53
1221 SW 10TH AVE #204 $349,900 $375,000 1 1 840 CONDO 7
1001 NW LOVEJOY ST #612 $425,000 $385,000 2 2 1307 CONDO 6
218 SW VERMONT ST $400,000 $387,500 4 2 1860 DETACHD 11
7185 SW SHADY CT $409,999 $390,200 3 3 1761 DETACHD 9
1001 NW LOVEJOY ST #TH802 $399,500 $392,400 2 3 1726 CONDO 13
8540 SW SPRUCE ST $360,000 $400,000 3 2 1200 DETACHD 5
1830 NW RIVERSCAPE ST #705 $419,000 $410,000 3 2.1 2687 CONDO 5
6834 SW 53RD AVE $459,900 $417,000 4 3 3200 DETACHD 37
1221 SW 10TH AVE #513 $420,000 $420,000 2 2 1487 CONDO 4
949 NW OVERTON ST #1007 $399,500 $446,000 1 1 693 CONDO 3
3262 SW FAIRMOUNT BLVD $499,900 $455,000 5 2 4970 DETACHD 367
4908 SW VIEW POINT TER $450,000 $473,000 3 2.1 1822 ATTACHD 20
5131 SW WINDSOR CT $489,500 $481,000 3 2.1 2280 DETACHD 8
1926 W BURNSIDE ST #208 $579,000 $520,000 1 1 701 CONDO 38
2463 NW OVERTON ST $579,900 $580,000 4 1.1 4209 DETACHD 51
3625 SW VESTA ST $635,000 $600,000 3 2.1 1787 CONDO 70
9231 SW 3RD AVE $689,000 $640,000 3 2.1 1695 DETACHD 9
4536 SW BRUGGER ST $649,500 $650,000 2 1 2688 DETACHD 20
1400 NW IRVING ST #412 $749,000 $662,000 0 1 772 CONDO 12
2412 NW BENSON LN $665,000 $665,000 4 2.1 2972 DETACHD 3
8629 SW 59TH AVE $699,900 $699,900 2 1.1 1360 DETACHD 56
5015 SW MAPLE LN $724,999 $700,000 4 2.2 4324 DETACHD 91
633 NW 11TH AVE $749,000 $710,000 3 2.2 3888 ATTACHD 6
12650 SW BOWMONT ST $769,000 $725,000 3 1.1 1288 DETACHD 2
1221 SW 10TH AVE #406 $769,000 $748,500 2 2 1568 CONDO 190
5928 SW YAMHILL ST $814,900 $765,000 3 2.2 1976 DETACHD 142
8345 SW GODWIN CT $864,500 $770,000 3 2 1381 DETACHD 14
8015 SW 46TH AVE $774,000 $775,875 4 2.1 3269 DETACHD 3
2801 SW Troy ST $725,000 $787,000 2 1 1430 DETACHD 5
695 NW FALLING WATERS LN #104 $799,000 $789,000 2 2 1124 CONDO 21
3945 NW SUNSET CIR $995,000 $890,000 5 4 4207 DETACHD 109
1500 SW 11TH AVE #1106 $899,900 $900,000 1 1 603 CONDO 19
4938 SW 37TH AVE $1,300,000 $1,100,000 4 2 2064 DETACHD 81
1651 SW 61ST DR $1,250,000 $1,180,000 3 3 2826 DETACHD 102
5417 SW VIEW POINT TER/Grnd $1,450,000 $1,350,000 2 2.1 1710 CONDO 17
6605 W BURNSIDE RD #155 $1,399,000 $1,350,000 1 1 750 CONDO 0
7208 SW 34TH AVE $1,600,000 $1,400,000 3 2.1 3062 DETACHD 111
820 NW 12TH AVE #210 $3,100,000 $3,100,000 2 2 1175 CONDO 3
1900 SW RIVER DR #N602 $3,599,000 $3,550,000 2 2.1 2007 CONDO 91
NW Washington County:              
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
9245 NW GERMANTOWN RD $219,900 $227,000 2 2.1 1370 CONDO 69
11845 NW STONE MOUNTAIN LN #301 $225,000 $245,000 2 2 1093 CONDO 4
12850 NW MAPLECREST WAY $260,000 $264,000 3 2.1 1472 DETACHD 2
700 NW DALE AVE $310,000 $308,000 2 1 1008 DETACHD 3
10083 NW CURTIS ST $309,000 $312,000 4 2.1 1818 DETACHD 3
9909 NW HOGE AVE $317,900 $325,000 2 1 1349 DETACHD 4
6492 NW WENMARIE DR $335,000 $332,000 3 2.1 1372 DETACHD 10
23586 NW St Helens RD #U18 $357,000 $340,000 2 2 1372 FLTHOME  
10083 NW JACK LN $329,900 $340,000 2 2 1368 ATTACHD 5
15091 NW NIGHTSHADE DR $334,800 $355,000 2 2.1 1247 DETACHD 3
3095 NW ITHACA CT $339,900 $357,000 4 2 1380 DETACHD 4
1208 NW 120TH PL $439,900 $433,000 4 2.1 1714 DETACHD 10
16549 NW PADDINGTON DR $439,500 $434,900 4 2.1 2149 DETACHD 7
14859 NW Orchid ST $429,990 $448,932 4 2.1 1642 DETACHD  
2550 NW PARNELL TER $479,000 $469,000 4 3 2210 DETACHD 56
2015 NW 156TH AVE $474,900 $470,000 4 2.1 2636 DETACHD 4
16140 NW PAISLEY DR $474,900 $484,050 4 2.1 2559 DETACHD 4
10020 SW MORRISON ST $499,999 $489,000 2 2.1 2082 ATTACHD 5
12185 NW MCDANIEL RD $500,000 $500,000 4 2.1 2672 DETACHD 0
3305 NW 153RD TER $555,000 $535,000 4 3 2646 DETACHD 81
15693 NW SAINT ANDREWS DR $659,000 $599,000 3 2 2236 DETACHD 46
6583 NW 165TH AVE $715,000 $702,000 5 3 3512 DETACHD 36
15149 NW Marie WAY #271 $733,957 $733,957 4 2.1 3648 DETACHD  
5309 NW 133RD AVE $749,900 $756,000 6 3 3502 DETACHD 15
13357 NW GREENWOOD DR $799,900 $799,900 5 3 3492 DETACHD 19
13380 NW LOMBARDY DR $839,900 $839,900 5 4 3653 DETACHD 11
3448 NW 123RD PL $859,900 $845,000 3 3 3630 DETACHD 43
13458 NW LOMBARDY DR $979,900 $1,014,999 5 3 4016 DETACHD 5

Fall Bennies

I Love fall in Portland. While leaves are turning brown, red and yellow, some flowers are at their peak!  I planted these mums in this large pot on my deck years ago...look what we get every fall! They're almost as tall as I am.

What's Fun in the Portland Outlying Areas

I took a few hours of restful fun w/friends and drove up the Columbia River Gorge to the Hood River Valley for the annual fall Fruit Loop!  I disciplined myself to come home with just one luscious bag of Comice Pears...but my friends took home boxes of apples, squash and all kinds of local produce!  Here we stopped for more fruit, and I explored the waning Dahlia Fields.

Find Your Dream Home in Portland. Oregon

There are so many different kinds of homes out there to choose from, and so many questions to ask yourself: Do I want to live in Portland or one of the outlying neighborhoods? Which of the outlying or inner-Portland neighborhoods would best fit my lifestyle & commute needs? How many bedrooms and bathrooms would I prefer?  Older charm or newer build? Do I need a large/small/fenced back yard? Do I even need a yard at all? Hardwood floors, tile, carpet...  There are so many things to consider when looking for your dream home.  

How, then, do you find the right home for you?

***The answer is to put me to work for you.  That is what I do for my clients.  Completing my basic Dream Home Finder I can immediately go to work for you.  Of course you can take advantage of my Quick Search and my Advanced Search tools to surf through all the homes for sale in Portland, Oregon or the surrounding areas.  By completing the Dream Home Finder, I can use additional resources at my disposal to locate homes for sale that may not be available in the public view.  In addition you are a busy individual and my passion is to work for you to find that dream home and schedule tours for you.  By working together as a team with your dreams and my resources, finding that dream home is only one tour away.  It is my passion to find you that one right tour.

I Upgraded My Website!

Welcome to my new and improved real estate website. I invite you to look around and see what is available. As your Portland, Oregon real estate expert I can provide you will all of the information to accomplish your real estate goals.

  • Looking for a new home for yourself or your family: Quick Search
  • Know exactly what you are looking for in your new home: Advanced Search
  • You want me to find your dream home for you so you do not have to do the searching yourself?: Dream Home Finder
  • Thinking of selling your home? Let me go to work for you and find out your home's exact value: FREE Market Analysis

Save your search!
Saving your search is an important step if if you would like to be able to quickly refer back to your search at a future date.  More importantly I will be able to quickly notify you directly of any new listings that come available on the market that match your search criteria.  The beautiful thing is that you can make as many of these saved searches as you would like.

First, you must be registered on our website. This is easy. It only requires your first and last name, an email address and a password. Register Here. To save any search, simply perform a search using the Quick Search or Advanced Search, click on the “search” button, and then click “save search”, which is located in the top right hand corner just above the search results. This will prompt you to title your saved search and provide you with the option of being notified by email.  Check the box to be notified by email of new listings that match your search.

To look at or edit your saved searches, you must be logged in. On the homepage, top right hand corner is where you can view your saved searches. Click this link and you will then see all the searches you saved, you can delete them, edit the email notifications and more.

If you would like any assistance, please do not hesitate to Contact Me or call me directly at 503-318-2116

Last Week in Portland

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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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 (:

My Post

Tips & Tidbits

I find that lots of Buyers are a bit confused about Earnest Money and what its purpose is, how they might be at risk for losing it, etc. It is basically to compensate the Seller for taking their home off the market in the event you violate the terms of your Sale Agreement, but there are nuances to it in addition to that. Here are a few pieces of info & pointers in that regard:

A Few Notes About Earnest Money:

  • Earnest Money is a deposit you make at the time you make your Offer. This is to show that you are “earnest” or serious about your Offer, and to compensate the Seller for removing their property from the market  (while you perform your inspections & due diligence)  should you violate the terms of the Contract/Offer/Sale Agreement.
  • Talk to your Realtor about how much an Earnest Money Check should be….  It varies from situation to situation. The ultimate choice, however, is yours. A substantial amount of Earnest Money can demonstrate to the Seller that you are serious about the purchase, and shows a certain amount of stability, though this is not necessary or even advisable in all circumstances.
  • Earnest Money goes toward your closing costs & other transactional terms. It is held usually by Escrow as your neutral 3rd party and applied to the bottom line of your transaction, generally speaking. By virtue of its definition as Earnest Money, its NOT an additional fee.
  • There are several ways for a Buyer to cancel a sale and receive their Earnest Money back (during specified & agreed-upon timelines & specific acceptable reasons that are all outlined in the Offer itself). This action is not to be taken lightly, and/but, there are definitely provisions for it.
  • The Earnest Money check (a photocopy of it) accompanies the Approval Letter, a Cover Letter your Buyer’s Agent will create, and the Offer when your Realtor submits it to the Seller’s Agent (at least… that’s how   always do it).  In the event you are unable to physically hand your Realtor a check prior to when you want to get your Offer in to the Seller, you may have the option of using a Promissory Note redeemable/sent to Escrow in check form within a specified number of days following mutual acceptance of your Offer.  ***I advise my clients that a check is always preferable. A photocopy of it going along with your Offer makes a statement to the Seller that you are serious. This is especially true in a competitive situation. Again, though, each situation is different. Discuss YOUR best options with your Realtor.
  • Carefully study the Sale Agreement (Offer) wording to make sure you understand how and under what circumstances you are allowed to have your Earnest Money returned, and under what circumstances you are not. Basically, staying within outlined timelines and giving notice in writing within those timelines assures your Earnest Money is protected. It is important that, with your Realtor’s assistance and advice, you stay on top of timelines as outlined in the Sale Agreement. ***Bring ANY questions you may have to your Realtor’s attention.

I hope this information was helpful!

Very Best,

Linda

Giving

Giving

I thought it might be a good idea to take a look at things we might be wanting to include on our to-do lists & consider taking care of before the end of the year. Namely…Giving! Its fall and we're heading into the Celebrating & Giving time of year pretty soon. Many want to think ahead about tax time as well.  If you’re going to give anyway…. this is definitely the time to do it!

Here are some worthy ideas for your consideration:

  • Here’s a great resource  site to help you evaluate the most worthy recipients of your donations based on their research:  The Portland “Give Guide”
  • If art is important to you, consider donating to the Regional Arts Council.
  • Speaking of giving, I know from my days in my son's school's Booster Club, that every community has needy families.  Some of your kids’ friends may very well have parents who’ve lost a job, or are in some sort of upheaval and wondering how they’re going to be able to pay their bills let alone create a semi normal-feeling holiday for their household .  Your favorite local school probably has names of families in need. Give a call to the school of your choice and think about donating a holiday roast or turkey, or just dropping off a few gifts.  The school counselor usually knows just what to do with this kind of generosity, and you’ll know you really made a difference for some needy family in your own neighborhood.
  • If animals are near and dear to your heart, there are lots of options for donating.  The Oregon Humane Society is an obvious choice, and/but some smaller outfits that take up the slack and don’t have quite the visibility of the OHS would be heart-warmed to receive your donation.  One that is recommended to me by someone in the know is the Family Dogs New Life Shelter. It is a no-kill shelter that does excellent work.

There are so many great choices, I thought I’d highlight just a few and give you some links to resources that offer many options. Enjoy your holidays, and the Joys that come with the season!

Blast from the Past

I think this snapshot in time was in California. I bought my first house in around 1987-ish (?) for $48,000 in Portland...

My Post

Tips & Tidbits

Seasonal Changes –

Sellers~The market has been unusually activated since about January of this year. In the summer (starting approx July 4th weekend) things typically slow down just a teensy bit as people leave for vacation and many have found the homes they were looking for prior to the school-year-start in September (ie the pool of Buyers lessens some).  Sellers who put their homes on the market now will still find plenty of interest as you can ascertain from our Market Activity Reports, and/but may be disappointed if they do not have a bidding war as they’ve been hearing about for awhile now.  I’m not saying the market is not still good for selling, (and, there ARE ways to encourage multiple Offers at any time of year) …just be prepared for the slight change in atmosphere, which sometimes translates to not quite as much leverage when you’re the Seller.  ***That said, it is all case-by-case. Why is the Buyer buying?  Do they need to be settled before the school year starts?  Have they lost out on other deals due to competitive bidding? You may or may not be able to find out, but if you DO know the answers to some of these questions, it can help you respond to your highest advantage. Trust your Realtor, or if you don’t have one, give me or one of us a call and we’ll be happy to help you through the changing landscape.

Buyers~A Buyer’s perspective is a little different.  If you’ve been out looking and fighting for houses and losing, now may be your moment.  As I mentioned above, the market has been hyper-active for a while now.  As we move toward Fall, a couple of factors are in your favor. The first is that the pool of Buyers is lessening a bit for the reasons I mentioned above. This means you may not  be in a competitive situation, or it may be with fewer Buyers if you are. Use the lessons you’ve learned already through trial and error. Make your Offer as strong as you are comfortable with.  Talk to your Realtor (or to myself or one of us if you do  not have a Realtor) and we can walk you through some ways to do that. Talk to your lender once again and revisit your strategy.  If you are unsure of how your Offer price would impact you as far as your monthly payment is concerned, I always suggest having 3 dollar-amount scenarios drawn up.  I find that most Buyers are surprised at how little their monthly payment is affected by making what seems to them to be a big jump in their Offer price. Bottom line: you need to be comfortable with your Offer.  AND, you may be surprised at what the possibilities are for you, and sometimes this can make a difference in getting the home you really want in a still-competitive market.

Other Factors~Appraisals are really becoming more of an issue than even a month or so ago when Dianne mentioned them in a post herein.  I advise my Buyer clients to talk to their lender about expediting their Appraisal in nearly every case. This costs money, so you need  to assess what you can and are willing to do, but it is often a hundred or two dollars, and can mean the difference between Closing on time or not. ***That said, I have heard multitudes of horror stories in the last few weeks about Appraisals taking **weeks or months** longer unless someone pays an exorbitant amount sometimes in the thousands of dollars.  I don’t mean to scare anyone. I just averted a near-disaster in this regard, and having a Realtor and lender with their eyes on the ball in this market is imperative, but this is apparently happening if there are any variables at all in a transaction that will limit the appropriate Appraisers who might be available/qualified etc. Sometimes the type of loan (VA, FHA, USDA) can limit the pool of Appraisers (I’m told) as can location of the property (is it outside of the metro area?).

The reasons for this mess are varied, but it apparently boils down to supply and demand, coupled with the newer regulations on mortgage companies. No longer can a mortgage company call an Appraiser they happen to know is familiar with a particular neighborhood or area of town. For everyone’s protection (to prevent collusion/nefarious behaviour/trying to get a particular value out of the Appraiser) mortgage companies now have to put the order in to an “Appraisal Scheduling” company. That company has a stable of Appraisers, and it is all handled mechanically.  There is apparently a dearth of Appraisers due to more stringent requirements for becoming an Appraiser (I’m told), and therefore the stacks on Appraisers desks are getting higher and their time and availability to run out to more rural areas or even here in town is more scarce.

Best to set a longer timeframe for Closing to be on the safe side if you can (talk to your Realtor about what makes sense in your particular situation), and order it right away. Ordering it right away may mean that you are risking the money you pay for the Appraisal (instead of waiting till after you’ve inspected enough to know you want to proceed), but, depending on your unique circumstance, it may be your best bet.

Hope this info was helpful.

Very Best,

Linda

Market Action Report

June 2016:

According to the RMLS Market Action Report for the Portland Metro Area, June, 2016:

  • There were 4,501 New Listings in June which was up 8.6% from May, and up 5.2% from May of 2015.
  • At 3,158, June Closed Sales were up 9% from May’s 2,896, and down 4.4% from June of 2015’s 3,302.
  • June Pending Sales (Accepted Offers), at 3,390 down  4.9% from May’s 3,563, and were also  6% lower than June of 2015’s 3,605.
  • The Average Sale Price in June of $412,000 was up $9,500 over May’s $402,500, and also up around $42,500 from June of 2015’s $369,500.

Market Action Report

5/21/16

April is seeing, generally, Price and New Listings increases over March, and a decrease in overall productive activity (Closed & Pending Sales) compared to April of last year.

Here are the latest/April numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, April, 2016:

  • There were 4,082 New Listings in April which was up 19.7% from March's (3,409), and up 3.4% from April of 2015 (3,949).
  • At 2,611, April Closed Sales were up 1.8% from March's 2,565, and down 4.5% from April of 2015's 2,734.
  • April Pending Sales (Accepted Offers), at 3,432 were up  11.6% from March's 3,076, but were   5% lower than April of 2015's 3,613.
  • The Average Sale Price in April of $397,700 was up $12,600 over March's $385,100, and also up around $50,200 from April of 2015's $347,500.

My Post

12/2/15  

Here's The Year-To-Date (Thru End-Oct Is The Latest Data Available) Local Real Estate Stats. Hmmm... Appreciation Looks Interesting.... Check Out Your Neighborhood!

 

Changing Disclosure Rules

Tips & Tidbits

  • Documentation and timelines will be changing soon around your Lending and Closing Disclosures.  Make sure to discuss with your Realtor and your Lender as these changes can affect your ability to meet your contractual Closing date if not monitored properly. Specifically, there are a certain number of days mandated for your review of them prior to being able to Close, so find out your Lender’s plan for timing in getting them to you. Also, Escrow’s documents for your revew will depend on when they receive information from your Lender. Expected current timeline for implementation has now been moved to Oct 1st.
  • Speaking of meeting the Closing date and plotting timelines carefully, also remember to factor in the potential need for sign-off by an Appraiser if there were repairs that require that (either because of FHA or other loan requirements), or because an Appraiser calls something out that will necessitate it…such as the common issue of a Carbon Monoxide Detector not being in the home at the time of the Appraisal (…really  a Good idea to make sure there is one in the home before the Appraisal : )
  • Buyers- Make sure to discuss your Offer pricing with your Realtor in the context of current market value research before making your Offer.  In this competitive market, reports are varying widely that Appraisals are coming in just fine in some instances, and/but low in others. Per the Oregon Residential Real Estate Sale Agreement generally used, you are not obligated to pay over Appraised Value, and a bank will not lend over that value either. So… this becomes an uncomfortable negotiating point toward the end of a transaction should you really Love the house and the Seller won’t budge on price. Sometimes people are able to meet somewhere in the middle on price, but if you decide you want to proceed with some kind of arrangement in this realm of options, any monies over the Appraised Value will need to come out of your pocket. Take a close look at the best info available on values in that neighborhood in the recent past at the outset so that you don’t go too far afield in your eagerness to compete.
  • The same is true for Sellers. Make sure you take into account, when you price your home for sale with your Realtor, that your property will need to appraise “at value” in order to close at the agreed-upon price… without headaches, drama and potential “sale fail”.

 

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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