Posts Tagged ‘Portland Real Estate Market’
Sunday, January 16th, 2011
Portland Real Estate Market
Real Estate Market Update For Portland Oregon
Portland Real Estate Market (December 2010)
The Portland Real Estate market in 2010, December continued the trend of decreased activity toward the end of the year. That being said closed Portland Real Estate Transactions were at the highest monthly level since June. Portland Homes For Sale were also in demand in that unsold inventory was at a low not seen since June. Closed transactions were down 2.9% compared to December 2009, while pending deals rose by 6%. New Portland RMLS listings were down 8.5%. From November to December the quantity of closed deals rose from 1,279 to 1,462 (14.3%). However, pending sales fell from 1,426 to 1,210 (-15.2%), and new listings dropped from 2,437 to 1,925 (-22.2%). At the month’s rate of sales, the 11,611 active residential listings would last about 7.9 months, a 2.3- month drop since November.
Portland Real Estate Market
Portland Housing Market (2010)
When comparing activity in 2010 with that of 2009, the Portland Housing Market witnessed closed sales dipped 0.2%. Pending sales were 2.1% lower, but new listings were up 3.0%. Total sales volume for 2010 was $5.3 billion, down from $5.5 billion in 2009.
Portland Home Values (Real Estate)
The average sale price for December 2010 declined 5.2% compared to December 2009. The median sale price (Portland Home Values) also fell 5%. Month to month, comparing November 2010 to December 2010, the average sale price went up from $271,900 to $278,000 (2.2%) while the median sale price dropped from $233,000 to $230,000 (-1.3%). For 2010, average sale price dropped 2.7% compared to 2009, and median sale prices fell 2.9%.
RMLS Listings Portland Oregon
Portland Real Estate Market Report
For more information see the RMLS Portland Real Estate Market Report for December, 2010.
Portland Real Estate Market Report
Tags: Listings Portland Oregon RMLS, Portland Housing Market, Portland Real Estate, Portland Real Estate Market
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Friday, July 9th, 2010
Rental data as reported by The Wall Street Journal (“Apartment vacancies Fell in Quarter” A4 July 8th, 2010) shows that vacancies of multi-unit properties fell during the first quarter of 2010. Real Estate investors are now raising rents by 0.7% as vacancies began to drop. During the height of the real estate market crash; land lords were forced to lower rents in order to retain tenants as falling home prices led some renters to buy foreclosures and short sales while others were forced to moving in with family members or room-mates in order to weather the market crash.
Rental Houses in Portland Oregon
Rentals and the Portland Oregon Housing Market
This is an encouraging albeit early sign that stability may be returning to the Portland Oregon Housing Market. The plight of over-extended real estate investors was exacerbated by the fact that although adjustable rate mortgage payments were going up, rental income was going down.
Tags: Portland Homes For Sale, Portland Real Estate, Portland Real Estate Market, Short Sale Portland, Short Sales Portland
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Tuesday, June 22nd, 2010
Real Estate Tax Credit | Portland Oregon
The United States Senate is moving to extend the closing deadline for home buyers to take advantage of the Real Estate Tax Credit. Portland Home Buyers and those in short sales and foreclosures transactions are anxiously awaiting the latest news on whether the House will approve the Bill. The Portland Real Estate Recovery is still in its nascent stage and the extension of the tax credit is seen by many Portland Realtors as adding some much needed stability to the housing market.
Portland Real Estate Tax Credits
The United States Senate has amended a bill to give home-buyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit. Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 home-buyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev.
The Portland Real Estate recovery is happening now, and many agree that extending the real estate tax credit will certainly make a sustainable transition more smooth. The amendment to HR 4213, the “American Jobs and Closing Tax Loopholes Act of 2010″ — which primarily extends unemployment insurance benefits — was approved in a 60-37 vote last Wednesday. The vote was mostly along party lines, with only four Republicans in favor and one Democrat opposed.
Tags: Exclusive Portland Real Estate, Portland Homes For Sale, Portland Oregon Real Estate For Sale, Portland Real Estate Listings, Portland Real Estate Market, Portland Realtors, Portland Short Sale, real estate tax credit, Short Sales Portland
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Saturday, June 19th, 2010
Portland Real Estate Affordability Index
The National Association of Realtors ® uses a formula to calculate home affordability. From this data we can conclude that middle class home buyers can afford more house for their money. A family earning the median income ($71,200 in 2010, per HUD) can afford 145% of a monthly mortgage payment on a median priced home ($238,900 in March). This housing affordability formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 4.97% according to Freddie Mac. Even if you don’t have a large down payment, FHA loans are a way to get a house with very little down payment; making home ownership even more affordable.
Graph shows the Real Estate Affordability index for Portland Oregon
exclusive Portland Real Estate
At Exclusive Portland Real Estate, we are continually excited about the wonderful opportunities which are presenting themselves in the Housing Market. The increased affordability of Portland Real Estate means that now more than ever, people who though they could never afford a home of their own are talking to Portland Realtors and taking advantage of exceptionally low interest rates and great home prices.
Tags: Exclusive Portland Real Estate, Exclusive Portland Real Estate For Sale, Portland Oregon Homes For Sale, Portland Oregon Real Estate, Portland Real Estate Listings, Portland Real Estate Market, Portland Realtors, Selling Portland Real Estate, Short Sales Portland
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Saturday, June 19th, 2010
Portland Real Estate | Home Values
Welcome back to Exclusive Portland Real Estate; this afternoon we are discussing trends in Portland Real Estate Home Values and their positive and negative affects on the economy. These attractively low prices on excellent Portland homes for sale are their own economic stimulus in that people who though they could never buy a home can now get a great place to live. And, while many got carried away with home loans in the boom years, more home owners are turning to short sales as a positive solution. These excellent prices and extremely low interest rates make it an exciting time to buy a home. Keep checking our blog on Exclusive Portland Real Estate for the latest in market trends and more.
Graph shows Values of Portland Real Estate
Portland Oregon Real Estate Values
We here at Exclusive Portland Real Estate provide market and housing information to better serve our clients; keep following our blog for updates on news, market action and more.
Values of Portland Homes For Sale
Tags: Exclusive Portland Real Estate, Portland Homes For Sale, Portland Oregon, Portland Oregon Real Estate, Portland Oregon Realtors, Portland Real Estate For Sale, Portland Real Estate Market, Portland Realtors, Portland Short Sale
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Saturday, June 19th, 2010
Real Estate Portland | Days on Market
Exclusive Portland Real Estate Market Action News report. Today we will examine graphs of how long house in Portland Oregon stay on the market as Homes For Sale. This gives us an idea of market strength because homes for sale going fast shows that many buyers are interested in real estate. Home sellers are also very interested in how long it will take to sell their home, trying to balance a quick sale with getting a good price. Portland Realtors take these factors into account when we do a Competitive Market Analysis for homes in Portland.
Graph of the Average Days Portland Real Estate is on the Market
Portland Oregon Real Estate Recovery
Real Estate investors, homebuyers as well as Realtors may sometimes use average days on market as one of the many quality measures of buyer demand for real estate in Portland Oregon. When we see downward trending days on market it shows that buyers are motivated to close the deal and are more willing to pay the prices that sellers are asking; this can certainly have an effect on Portland Home Values. As you can quickly see, days on market provides some Portland Realtors with a barometer of sorts for estimating Supply and Demand in the Portland Real Estate Market. This graph shows the average market time for sales in the Portland, Oregon metropolitan area. *As of August 2008, graph now reports “Total Days on Market” – for details read footnotes on page 2.
Graph shows Median Home Values For Portland ORegon
Tags: Exclusive Portland Real Estate, Portland Homes For Sale, Portland Oregon Real Estate, Portland Oregon Real Estate For Sale, Portland Oregon Realtors, Portland Oregon Short Sale, Portland Real Estate, Portland Real Estate For Sale, Portland Real Estate Help, Portland Real Estate Market
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Friday, June 18th, 2010
Pending Portland Real Estate Sales
At Exclusive Portland Real Estate, we are keeping a close watch on the Portland Housing Market by using Pending Homes For Sale as a measure of Market Conditions. Pending Home Sales show us the most up to date picture of what home prices are doing as well as an idea of how many homes are being purchased. This is an important factor when considering real estate supply and demand.
Pending Real Estate Transaction (Pending Sales), are when the buyer and the seller have fully agreed to go through with the transaction but certain conditions such as the buyer’s mortgage, inspection period, or other aspects of closing have not yet been completed. The following visual aid shows the number of pending homes in Portland Oregon over the most recent three years.
Graph shows Pending Real Estate in Portland Oregon
Portland Real Estate | Closed Deals
Closed sales are on of the main factors that Portland Realtors examine when considering the housing market as a whole. This graph shows the closed real estate sales over the past three calendar years in the greater Portland, Oregon metropolitan area. Notice the amount of closed transactions in each year; 2010 has seen increases during the first three months compared to the same months in previous years. Portland short sales and foreclosures surely account for some of that volume, with very low prices being the main driving factor combined with buyers looking for the real estate tax credit.
Closed Portland Real Estate Deals
Exclusive Portland Real Estate
Don’t forget to check back with your friends at Exclusive Portland Real Estate for all the latest in real estate info on Portland Oregon and surrounding communities.
Tags: Exclusive Portland Real Estate, Exclusive Portland Real Estate For Sale, Portland Homes For Sale, Portland Oregon, Portland Oregon Real Estate, Portland Oregon Realtors, Portland Oregon Short Sale, Portland Real Estate For Sale, Portland Real Estate Market, Portland Realtors, Portland Short Sales, Short Sale Portland
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Friday, June 18th, 2010
Closed Real Estate Deals in Portland Oregon
Exclusive Portland Real Estate is sharing valuable housing market data with the public. This information is usually only available to Portland Realtors… but we want to make sure our clients are well-informed and up to date on this ever-changing landscape that is the Portland Housing Market. This data is derived from the RMLS market report from May, 2010 and shows all sorts of interesting facts about Portland Real Estate Listings and More!
Closed Real Estate Deals In Portland Oregon
When Realtors compared January-May 2010 with the same period in 2009, we found that closed sales increased 42.7%. Pending real estate sales in Portland also rose by 28.3% and new real estate listings went up 10.4%. See the graphs and visual aids below and don’t forget to check out our other real estate blog posts for other great information and news updates!
New Listings In Portland Oregon
The visual aid below illustrates the number of new to the market residential real estate listings over the past three calendar years for the Portland Housing Market. For March, 2010, new real estate listings came close to 2008 levels for the same month. Many experienced Portland Realtors strongly believe that this fact is much if not at least partly due to the impending end of the home buyer tax credit. Other factors include the seasonal nature of the Portland Real Estate Market trends.
New Portland Real Estate Listings
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Friday, June 18th, 2010
Exclusive Portland Real Estate
Thanks For choosing Exclusive Portland Real Estate for the latest in RMLS real estate listings data for the greater Portland Metro Area of Oregon. As Portland Oregon Realtors, we take our mission to provide our clients with the finest in service very seriously and wish you all the best in you real estate endeavors. Let us help make the most important financial decision in your life a decision you can be happy with.
Residential Real Estate Listings
Property Listings | Portland Real Estate
The following Realtors graph shows the active residential real estate listings over the past three calendar years in the greater Portland, Oregon metropolitan area. Note the red colored partial year that is 2010. This graph shows the number of residential homes for sale in Portland Oregon. These Portland Real Estate Trends are interesting when other somewhat intangible variables such as short sales and foreclosures “shadow inventory” are considered.
Active Real Estate Listings in Portland Oregon
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Thursday, June 17th, 2010
Residential Portland Real Estate Values
Exclusive Portland Real Estate has seen closed real estate transactions in addition to pending homes sales both both improve substantially. The many value-priced Portland Short Sales have no doubt added some fuel to the fire when looking at homes for sale. These factors on home values in Portland have even more impact when considered with the lowering of average and median sale price of Portland Oregon real estate market trends. Closed homes for sale in May expanded by over 47% when compared to May of 2009. The numbers say that conditions have improved and prices are certainly better than ever. So, with attractive prices combined with stellar interest rates, many investors as well as first time home buyers are buying into residential real estate short sales and foreclosures.
Graph of Closed Real Estate Transactions in Portland Oregon
Portland Oregon Real Estate | Home Values
These are important facts for everyone looking at buying or selling in Portland. Real estate closing sale prices in Portland Oregon for May 2010 sank 5.5% compared to May 2009, while the median homes for sale price also went down 4.4%. See the real estate residential highlights table below. When comparing Portland Oregon Real Estate from May 2010 to the month prior, April 2010, the average homes for sale price fell 2.3% ($275,500 v. $282,100) and the median homes for sale price decreased slightly by 0.4% ($239,000 v. $240,000). Keep up with Exclusive Portland Real Estate for all your home buying and selling needs.
Graph shows Portland Real Estate Home Values
Tags: Exclusive Portland Real Estate, Exclusive Portland Real Estate For Sale, Portland Homes For Sale, Portland Oregon, Portland Oregon Homes For Sale, Portland Oregon Real Estate, Portland Oregon Realtors, Portland Oregon Short Sale, Portland Real Estate, Portland Real Estate For Sale, Portland Real Estate Help, Portland Real Estate Listings, Portland Real Estate Market, Portland Short Sale, Selling Portland Real Estate, Short Sale Portland
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