test

 

  • 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:

https://docs.google.com/spreadsheets/d/1y0ZrFPPTDzpru2awHwK7s7Mv3HPJeHV5qczi_TUnW74/edit?usp=sharing

Click Here

 

second link (PDF)

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

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Linda Rossi
Oregon First

2106 NE MLK Jr Blvd.
Portland, OR 97212
Email Me
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Irvington Office  |  2106 NE MLK Jr Blvd, Portland, OR  97212
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