Portland Home Values

25Apr 2018 by admin

Portland Homes For Sale: April 2018 Report

Oregon's spring, 2018 weather is warming up buyer activity on Portland homes for sale, with homes selling in an average of 55 days compared to 58 days for the same period in 2017. Property values are still going up, albeit gains have been much more conservative than in recent years. Homes for sale are averaging a 7.6% higher closing price than last year while the median closing price edged up 8.8% when the most recent 12 months are contrasted against the preceding 12 month period. Homes for sale around the Portland metro area have all increased in value, but a few areas stand out with the most notable gains. Mt Hood posted a whopping 14.1% improvement in average closing price closely followed by Gresham/Troutdale at 12.0%. In general, more affordable…

10Aug 2016 by admin

August, 2016 Market Update: Portland, Oregon

Portland Home Values

[caption id="attachment_7591" align="alignright" width="300"] Graph of price per square foot. [/caption] Home values in Portland, Oregon may have hit their seasonal high in August, 2016. Median list prices are hovering $519,000 with asking price per square foot plateaued at $223-. Days on market is also holding at around 59 days. The words "hovering" and "plateau" will likely be ubiquitous among conversations with Portland Realtors as we seek to explain the metro area's pattern of seasonal price fluctuations. In any event, prices and the local housing market can be described as hovering at a plateau currently and many believe this is indicative of normal, seasonal changes in housing market conditions. Some market observers believe that the very recent past is a predictor of the future and feel that the housing market…

04Oct 2014 by admin

Oregon City, Milwaukie Housing Update 10-04/2014

Portland Home Values

Home values in Oregon City and Milwaukie seem to have plateaued in recent weeks with, buyer activity slowly tapering off as we move from the busy summer real estate season into the cooling off period typical of autumn. For these Portland suburbs, average days on market has been trending upwards dramatically while at the same time the inventory of available residential listings in Oregon City have been sharply declining, while available listings in Milwaukie have only been mildly declining. At first, it seems like reduced inventory would stimulate the market and the truth is it may be, but only to an extent. However, if the supply of available homes for sale is declining somewhat and demand is dropping more dramatically then the balance may begin to shift in favor of…

29Oct 2012 by admin

Portland Short Sales, Case Shiller Report

Portland Home Values, Short Sales

Home owners, those looking to buy and especially home owners with negative equity have all been anxiously watching home values both nationally and in the Portland Metro Area. The latest figures from the Standard and Poors (S&P) Case Shiller Report for July 2012 show that Portland has improved since July of 2011 but that we've also got a very long way to go to see a recovery in terms of getting back to pre-crash values. March and April of 2012 were the worst home value points for all of the downturn and currently we sit at an index level of 137.79 points which is very close to the January 2011 level of 137.66. Learn more about the Case Shiller Housing Report. So, while values have shown very modest improvement of…

11Sep 2012 by admin

Portland Housing Market

Buying Real Estate, Portland Home Values

Portland Real Estate Market Trends Median asking price for MLS Listings has dropped to $274,900 corresponding with the noticeable drop in activity from well-qualified buyers. Often, the start of the school year tends to go hand in hand with home buyers and sellers settling in to the routines of school and work and this decrease in moving, buying and selling of real estate has a seasonal effect on the Portland housing market. [caption id="attachment_3449" align="alignright" width="300" caption="Realtors Chart of Market Conditions"][/caption] Housing Supply And Demand Spring buyers came out in force earlier this year. Possibly due to relieved financial stress and an increase in financing options but also because the tide of foreclosures and short sales has put many former home owners back in to the increasingly competitive rental market.…

27Aug 2011 by admin

SE Portland Property Investment

Portland Home Values

Real Estate Investing 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. Homes For Sale In Inner SE Portland SE Portland Home Values So, how will this affect prices in more desirable neighborhoods such…

26Aug 2011 by admin

Metro Area Housing

economy, Portland Home Values

The Metro Area Housing Market appears to be in a state of flux; with outlying areas still seeing price declines while more centrally located neighborhoods are seeing less declines, or even flat or increasing price trends. The question on many minds is whether pricing pressure from the suburbs will exert downward pricing pressure on centrally located neighborhoods and if so how much will this affect prices and overall market stability? sadly, we won't really know for sure until it's history but many speculate that certain neighborhoods may still be overpriced. Also adding convolution is the dynamic nature of housing. While some real estate agents in Portland proclaim that prices are increasing (Average Sale Price) other Brokers are quick to point out that the houses that are being sold now are…

24Aug 2011 by admin

Beaverton Home Values

Portland Home Values, Real Estate

Home Values Beaverton, Oregon [caption id="attachment_2832" align="alignright" width="300" caption="Beaverton Realtors Info"][/caption] Median asking price for homes for sale in Beaverton, Oregon for this week is $255,000. Home Values in this area may be settling a little in that asking price has remained constant while price per square foot is dropping; indicating that although median asking price is the same larger homes are being sold at those prices. Inventory in the form of unsold residential listings has been declining (which is an encouraging sign) but buyer agents report that activity is also declining. Short Sale Foreclosure Resource Certified. Real Estate Broker Licensed in Oregon. Housing In Beaverton, OR The net result is that the housing market for Beaverton, OR doesn't seem to be giving any clear signals in either a positive…

24Aug 2011 by admin

Portland Real Estate Update

Portland Home Values, Real Estate

For this 4th week in August the median asking price for Portland Real Estate Listings was $289,900. And, while median asking price has been rising the average price per square foot has remained steady at $146. This means that median list price is increasing due larger homes for sale being put on the market. Market action from well-qualified buyers has been on the rise as the summer buying season continues. Portland Residential Realtors Also on the rise, average day's on market for residential property listings has increased to an average of 158 days on market. Other positive factors include the lowering levels of unsold properties; although delays in the processing of homes moving toward foreclosure may be skewing those numbers. When taken all together, the outlook of many Realtors working…

17Aug 2011 by admin

Fewer New Homes Built

economy, Portland Home Values

National Housing Update July marked a slowing of construction of new homes; dropping from already low levels. The Commerce Dept. stated on Tuesday that housing starts were down by 1.5% to an annual volume of only 604,000 units (seasonally adjusted). It should be noted that this was in line with Commerce Dept. estimates. The current rate of 604,000 annual units is roughly fifty percent of what economists claim is necessary to maintain a healthy housing market. Housing Recovery Not Picking Up "There is still no sign yet of a pickup in housing," says Patrick Newport (economist at IHS Global Insight as quoted on MSNBC News). With weak employment cited as a major contributing factor for housing lackluster performance. Distressed properties like short sales and Foreclosures are lowering demand for new…