Bitterroot: Portland, OR

Portland Band: Bitteroot

Offering a Northwest blend of Folk music infused with Rock, Funk, Blues, Soul and a splash of Bluegrass this band always draws a hip, fun crowd.

Bitterroot

Maher’s Irish Pub In Lake Oswego, OR

Learn more about Maher’s Pub.
352 B Ave
Lake Oswego, OR 97034

Negative Equity Affects Tigard, Bull Mountain and SW Portland

If you’ve been trying to sell your home with no luck or if you know you’re underwater and need out call us now to learn more about short sale options and how we can help you. We’re experienced Short Sale Realtors with Oregon Realty Co and we help people short sale every day. Tigard and Bull Mountain as well as greater Southwest Portland have all seen declines in value/equity so you are not alone. Our wide range of short sale and Portland Real Estate Experience helps our clients know what to expect from their bank and the process in general. Your financial future is far too important to let yourself become a foreclosure statistic.

Short Sale Agents SW Portland

As Short Sale Foreclosure Resource Certified (SFR) Agents we put your needs first. We work for you and not the bank and we deal with all major financial institutions. We have an excellent track record of selling short sales and helping our clients get a fresh start. Have questions about Jumbo Loans? We can short sale those too.

Get Short Sale Help: 503-473-8001

Over 63 Years In Business

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Short Sales & Foreclosures Continue to Play Active Role in Market

Negative equity and a job market that continues to languish mean that short sales and foreclosures are still a major part in the real estate market of Portland, Lake Oswego and West Linn. Home Owners who are upside down on their payments have come to rely on our extensive background as Short Sale Realtors experienced in today’s market. Call us and learn more about how our experience can help you sell your West Linn Home today.

Foreclosure Alternatives: 503-473-8001

Over 63 Years In Business

Proud Members of

closed sales year on year portland real estate

housing market info

While there have been some encouraging signs in the Portland and Lake Oswego Housing Market many home owners are so far underwater that it may well take years for values to increase enough to allow for a traditional sale. The possibility of breaking even in 10 years doesn’t matter when you can’t make your home mortgage payment today.

Experienced Short Sale Team Serving Lake Oswego, OR

A short sale is a proven way to avoid foreclosure and dispose of bad debt and our highly skilled team of brokers has the Lake Oswego short sale experience you need. If you’re tired of watching your hard-earned mortgage payments vanish under negative equity then call us today. We’ll discuss Lake Oswego Short Sale Info, options and what your needs are.

Foreclosure Alternatives: 503-473-8001

Over 63 Years In Business

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Lake Oswego Realtors, SFR Short Sale Specialists

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.