Current Portland Housing Trends

Recently released pending home sales figures suggest a bright future for not only the Portland housing market, but also the national housing market. The national pending home sales index released by the National Association of Realtors has risen for a second month in a row. The index has also risen past 100. This is important because the only other time the index has broken 100 since the housing boom collapsed is when the home owner tax credit was in effect. According to Portland realtors the fact that the index has returned to it’s current level a year since the home owner tax credit has been in effect implies that the housing market is recovering seemingly on its own without the addition of any form of stimulus.

Portland realtors and Portland real estate trends analysts are hopeful for the future of the Portland housing market and the national housing market. the Portland real estate market is displaying signs of growth in multiple areas besides just in pending sales figures. Both local and national rates of housing starts are increasing while housing prices are stabilizing. Nationwide around 100,000 jobs are created a month and shows signs of being able to rise to 150,000 jobs created a month. Portland realtors note however that this is not significant enough to return things to the level they were before the downturn, but instead signifies that the market is heading in the right direction and that with increases in Portland Homes for Sale, you will see a similar uptick in Gresham Real Estate and Happy Valley Real Estate sales as well.

Happy Valley Real Estate

Happy Valley is a rapidly growing city found in Clackamas County, Oregon. City is also the state’s largest health-care industry and related business sector, as it is home to Kaiser Sunnyside, Providence Medical Plaza and Offices as well as dozens of related medical businesses. The location of Happy Valley is an ideal one, with close proximity to urban and outdoor areas. There is easy access to major freeways, a large mall, several colleges and universities, and of course the Mt Hood National Forest, Cascade Mountains, Clackamas River and Columbia River Gorge are all close by.  That means, biking, golfing, hiking, boating, fishing as well as shopping and dining are all available for residents and visitors.  These are just a few of the many reasons to seek out a Happy Valley realtor who can help you find the right home for yourself and your family.

Happy Valley Real Estate

Happy Valley real estate is occupied by people of many different backgrounds and businesses, though the median income is the highest in the state. This creates many new affluent developments in the Happy Valley real estate sector. Home Buyers are able to find older homes as well as brand new developments in this ever-expanding city. Contact the best Happy Valley realtors to see all the latest Happy Valley real estate listings.

New homes account for only 20 percent of the housing market, which would lead you to think that they do not have a very prominent effect on the overall economy. Portland real estate agents report, however, that each new home built creates an average of 1 year’s worth of three jobs and $90,000 in taxes. Portland real estate agents do warn that although the rate of production of new homes is increasing, the rate at which people purchase these new homes is decreasing. The buyers are instead either purchasing foreclosed homes and short sales, or becoming renters and renting homes.

There is good news however. That news is that the market is about to shift and rise. It is true that the median value for homes in Portland, reported by Portland real estate agents, has dropped 6.5 percent from the value 1 year ago. The good aspect of this is that the market has the ability to rise in a situation like this. This is due to the fact that if people take advantage of the low housing prices the values of homes will rise. The current lower value of homes in Portland, as reported by Portland real estate agents, also has the effect of limiting production of new housing developments. This causes there to be a limited number of homes to be sold. The limited number of homes, coupled with the low prices of current homes, means that as the currently available houses are sold the values of homes will increase due to demand for homes of a diminishing supply. This creates a market, perfect for potential home buyers, that guarantees that people who take advantage of the current state of the market early will have made an investment that will increase in value.

The latest average Oregon home for sale prices in October 2011 have just been released, and they are as follows:

• North Portland, $222,700
• Northeast Portland, $249,200
• Southeast Portland, $216,100
• Gresham/Troutdale, $196,400
• Milwaukie/Clackamas, $230,500
• Oregon City/Canby, $240,600
• Lake Oswego/West Linn, $474,800
• West Portland, $399,100
• Northwest Washington County, $351,400
• Beaverton/Aloha, $232,100
• Tigard/Wilsonville, $274,600
• Hillsboro/Forest Grove, $228,900

Portland Real Estate

The Portland Real Estate picture for October was a bit of a mixed bag scenario as the summer purchase season comes to a close. The prices rises that were evident during those warm summer months will mostly likely stop or even fall as is often the case during the winter months. October saw increases in pending sales by more than 15 percent and closes in sales of more than 14%, while at the same time see a sharp delcine in listings over 22%. The new listings rate returns to what has been common over the last year, remains average with closed sales and will see a significant declien in pending sales down to less than 5%. This remains a “buyers market” with Portland real estate prices down over 6% from last year.

To start your Portland Real Estate, Gresham real estate or other Portland metro area home search started work with a Portland realtor with a proven track record and a wealth of quality Portland real estate listings.  They know, ins and outs, the pluses and minuses of each and every city and neighborhood with in, giving you the most insight into your potential choices for your new home.

The Portland, Oregon Real Estate Market offers a wide variety of communities and unique architectural styles to suit any taste and preference. The Portland Metro Area has something for everyone: from vibrant local Art Districts each featuring a distinct local flavor; Chic Downtown Condos close to a wide array of entertainment; Luxury homes in Gated communities; and, affordable suburbs located in or near the epicenters of Oregon’s thriving high-tech industries offering great-paying jobs and attractive housing options to thousands. No matter where you decide to live within the metro area; almost everyone appreciates the wide variety of ecosystems and climates that Oregon has to offer. Many enjoy the scenic beauty and outdoor recreation of Oregon’s famous Mt. Hood. Whether you’re a thrill-seeking skier or snowboarder or just want to experience the quiet and peace of a stroll or hike in the Mt Hood National Forest it’s only a short drive from Portland, Oregon. For others, nothing is better than a coastal sunset and an easy scenic drive to the Oregon Coast for an evening or relaxing weekend.

Portland, Oregon Real Estate Market

Old-Portland Homes

For some, nothing is better than falling in love with Portland’s Classic Neighborhoods rich in local history and the splendor of by-gone eras. Timeless styles such as our own “Old-Portland Homes” and Victorian Homes in addition to Bungalows, Foursquares, Tudors, Craftsman, English and Colonial offer details and elegance rarely seen in modern construction. These classic homes are as much art as they are great places to live. People who live in these artfully crafted neighborhoods enjoy being able to walk or bike to hip local dining, shopping and entertainment including local music and theaters not to mention the earth-friendly milieu of “Sustainability” found in many of these areas. Big sprawling suburbs and chain-stores are out and community gardens, farmer’s markets and local businesses featuring organic, natural products are in. Neighborhoods such as the Hawthorne District, Belmont, Buckman, Mount Tabor and The Alberta Arts Districts have become cultural epicenters and Meccas for freethinking people who enjoy bicycle-friendly lifestyles. If this describes you then you owe it to yourself to call us and find out how we ca help you today.

Luxury Homes in Natural Settings

For those wanting newer construction in a more suburban environment Portland offers upscale communities of larger homes nestled in Gated Communities located close to amenities such as shopping districts, spas and other destinations. Affluent suburbs such as Lake Oswego, West Linn, Stafford and Bull Mountain offer an enticing mix of modern luxury set in the backdrop of Oregon’s world-renowned Douglas Fir Trees and scenic beauty. Many homes feature spectacular views of Mt Hood or surrounding countryside. Upscale shopping, dining and entertainment round out the package for these affluent suburbs. Lake Oswego Realtors love this area because many of these prime real estate locations are a short commute to downtown Portland or technology epicenters such as Beaverton and Hillsboro. Areas like Stafford, Oregon combine beautiful homes often situated on breathtaking equestrian scenery. For the horse lover who wishes to live their passion or for those who simply enjoy a bit of country living while being “close-in” Stafford has much to offer. Call us to learn more about Portland’s luxury properties and how we can help you buy or sell.

Lake Oswego Realtors

Downtown Portland, The NW Pearl District & The South Waterfront

Still other Portlanders prefer the chic and simplistic urban lifestyle offered by Downtown Portland’s Condo Towers and Art Lofts. The Pearl District offers residents a staggering array of entertainment including local restaurants, trendy bars and music venues not to mention local fine art galleries. Residents of the Pearl District love that they can be a short walk, trolley or bicycle ride to work or recreation. Newly developed South Waterfront Condo Towers offer modern luxury with the added benefit of the Oregon Health Sciences University (OHSU) Aerial Tram allowing for an extremely fast commute for Doctors, Nurses and other healthcare professionals. South Waterfront and Johns Landing luxury condos allow owners to be located in the Heart of Portland with excellent views of the City, The Willamette River and Mount Hood. Also worthy of note is the easy walk to dining, entertainment, work and of course cultural events and night-life. With all this to offer it’s no surprise that the South Waterfront and NW Portland including The Pearl District have become the place to be for young professionals and all who appreciate luxury and urban living.

Northwest Portland Oregon

Portland Suburbs, Excellent Housing & Great Job Opportunities

Outlying areas such as Beaverton and Hillsboro have become hubs of Portland industries such as High-Tech Companies including Intel as well as Nike Athletics World Headquarters. With ample housing ranging from clean, modest and affordable to opulent mansions located within gated communities and everything in between suburbs like Beaverton and Hillsboro have much to offer. Also, convenient mass-transit options such as the MAX Light Rail allow commuters to reach downtown Portland for Sporting and cultural events or simply to get to work. East side suburbs such as Clackamas, Happy Valley and Gresham are also connected to Downtown Portland via the MAX Light Rail network. Gresham, Clackamas and Happy Valley also feature the added benefit of being just that much closer to Portland’s favorite playground, Mt Hood. Clackamas and Happy Valley feature recently constructed homes with many upscale features such as granite counter-tops, master suites, scenic views of Mt Scott and Mt Hood all in a convenient and clean suburban setting. Outer Clackamas and Damascus also feature farms and Equestrian opportunities while still maintaining easy access to the rest of the Portland Metro Area. If this sounds appealing or if you need help buying or selling call us to find out more.

Portland Oregon Realtors

In closing, Portland, Oregon and its surrounding areas have much to offer and support a wide range of tastes and preferences. As Portland Realtors, we hope you enjoy our wonderful city as much as we do. Whenever you need an experienced Team of Real Estate Brokers Licensed in the State of Oregon don’t hesitate to contact us for the finest in quality service.

As Realtors serving Southeast Portland, Oregon we’re proud to offer our experience
as Short Sale Agents to the Mount Tabor Real Estate Market. With its prime location
on and surrounding the mountain from which the neighborhood is named it comes as no
surprise that we get so many requests from buyers eager to view our Mt Tabor
Listings. Despite the Mt tabor Neighborhood’s popularity some sellers find
themselves in negative equity situations. In these scenarios short sales offer
sellers the opportunity to reduce or eliminate debt while at the same time avoiding
foreclosure.

Have Questions About Short Sales?
Speak to an Experienced Portland Realtor & Get Answers: 503-473-8001

Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.

Oregon Realty Co.
Over 63 Years In Business

Proud Members of

Portland Short Sale Specialists

In a real estate short sale the bank agrees to accept less than the
full mortgage balance as a settlement for the loan in order for the bank to avoid
the costly process of repossessing a house and in return the seller avoids
foreclosure while dealing with their debt situation head-on. Banks are increasingly
using short sales as a win-win solution for recovering from the mortgage and housing
crises because short sales are more cost-effective in addition to the fact that
federally insured mortgages sometimes offer incentives for borrowers who complete
the process. Let our experience as Short Sale Specialists help you.

If you’d like to learn more about listing your Mount Tabor Real Estate as a short
sale call the Experienced Portland Realtors today: 503-473-8001.

Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.

Short Sale Facts

• We get paid from the proceeds of the sale…. you don’t personally owe us
  money.
• financial Hardship takes many forms… even if you’re still working and earning
  money there are short sale options.
• There are protections in place for Oregon Home Owners facing foreclosure… we
  can help you.
• Mortgage Debt Forgiveness applies to most Oregon home owners: Learn More on the IRS Site
  and then call us.
• We are Brokers Licensed in The State Of Oregon with Oregon Realty Company… we
  are backed by 63 years of stable & reliable service.

If you live in Lake Oswego and need to short sale your house call us to learn how
our experience can help you. In this economy many people are tired of making
excessive mortgage payments on properties that are upside-down on their loans. In
these scenarios, owners who may still have very solid incomes are pushed to the
point of financial hardship simply because they are unable to sell their property or
refinance. This is where Lake Oswego Realtors experienced in short sales can offer
real-world examples of successful transactions so clients have an idea of what to
expect going in.

Have Questions About Short Sales?
Speak to Experienced Lake Oswego Realtors & Get Answers: 503-473-8001

Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.

Oregon Realty Co.
Over 63 Years In Business

Proud Members of

Other Lake Oswego clients have received career offers in other cities but cannot
sell due to negative equity. In these scenarios the financial hardship is clear-cut
because even affluent people are frequently stretched thin trying to support a new
residence near their career relocation while supporting the dead weight of a bad
mortgage. If this is your scenario it should be comforting to know that we’ve
helped many people in this scenario to successfully short sale their real estate
while getting rid of bad debt.
In this housing market you need strong short sale negotiators on your side… the
bank has professional bill collectors working for them so make sure you have a team
of Lake Oswego Realtors experienced in short sales working for you.

One of the many questions regarding real estate investing right now is what effect falling prices
in suburbs will have on more centrally located properties. With unprecedented
savings possible in outlying areas such as Oregon City, Milwaukie, and Gresham in
most cases renters can buy distressed properties for much less than they currently
rent for. This glut of extremely affordable housing in outlying areas has put
pressure on non-distressed transactions not to mention puts pressure on the strained
rental market. Many investors are struggling to rent out upside-down rental
properties on which they owe far more than the inventory will fetch on the open
market.

Have Questions About Short Sales?
Speak to an Experienced Portland Realtor & Get Answers: 503-473-8001

Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.

Oregon Realty Co.
Over 63 Years In Business

Proud Members of

SE Portland Home Values

So, how will this affect prices in more desirable neighborhoods such as Mt Tabor,
Buckman, Hawthorne and Belmont? Certainly, prices have lowered considerably in
these premier neighborhoods and districts of Inner Southeast Portland but there is
considerable uncertainty whether home values have stabilized or whether new rounds
of price reductions are looming on the horizon. In all this one thing is certain,
in many areas (few exceptions include Laurelhurst and Ladd’s Addition) where buyers
are very interested in short sales and foreclosures have become driving forces that
comprise real percentages of total home sales.

As Agents with Oregon Realty Company (Brokers Licensed in the State of OR) we offer
our clients the finest service backed by our Company’s 63 year legacy of excellence
in serving clients. We’ve made short sales a specialty service by using the latest
in in technology to ensure that our clients’ needs are met and that transactions
proceed smoothly. In order to conserve paper and improve efficiency we use digital
faxes and offer our clients the convenient option of PDF copies of important
documents. When applicable, we also offer the option of digitally signing documents
through our DocuSign system. What this means to our clients is an easy transaction
where documents and updates to listings happen quickly and conveniently.

Have Questions About Short Sales?
Speak to an Experienced Portland Realtor & Get Answers: 503-473-8001

Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon.

Oregon Realty Co.
Over 63 Years In Business

Proud Members of

Experienced Agents

As experienced Agents serving Portland, Oregon we offer our clients real-world
examples of winning short sale strategies and techniques. Our extensive number of
successful transactions means we have a wide knowledge-base and have dealt with most
major lenders before. This helps our clients to have realistic expectations and
gives us the ability to offer tips and information necessary to have a smooth,
successful short sale transaction.

If you’ve recently received a job transfer notice or just need to get out from under
excessive mortgage please call us so we can discuss options and concrete solutions
to your upside-down mortgage. We’re Portland Realtors and we can help you: 503-473-8001