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…
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Portland Homes: Quartile Data

Real Estate
Portland, Oregon: Housing Quartile Data In Review Real estate quartiles are a method of data review that takes all of the residential properties in a given area and divides them into groups organized by price percentile. As an example, if there were 100 real estate listings each quartile would have 25 properties each and represent 25% of the properties in an area. Quartiles are arranged by price so that the 25% of properties with the most expensive prices would make up the top quartile, the upper/second quartile is made up of properties in the 51-75 percentile group and so on. This quartile data gives a worthwhile window into the landscape of a housing market that offers more background than looking at gross sales or average prices in all quartiles together.…
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Portland Homes For Sale By Neighborhood

Buying Real Estate
To better serve the public, we've upgraded our home search features and now offer homes for sale by neighborhood for Portland, OR. You can also browse available MLS listings for the surrounding metro area. Our goal is to make your buying experience as easy as possible. Let us know what you'd like to see in person and we'll earn your business by providing exceptional service in a prompt manner. All of our team members are real estate brokers licensed in Oregon and we always have a team member ready to answer the phone to quickly answer your questions. Click Here For: Portland Homes For Sale By Neighborhood New to the area? You'll be able to take a glance at available houses and get an idea of what's out there and…
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Portland Homes For Sale

Buying Real Estate
To shop the latest in listings, please visit our newly updated Portland Homes For Sale page. When people think of Homes For Sale in Portland, buyers wanting the best deals are increasingly willing to consider distressed properties... And, in this economy who can blame them. Sellers looking to dump negative equity often opt to hire short sale negotiators (such as ourselves) to market the property and handle presenting documents to the bank while maintaining regular contact with bank asset managers. These types of transactions often represent significant savings for savvy buyers willing to put in the time necessary to get one of these deals. With excellent Free Search of Foreclosure Listings today's clients are better informed than ever. Great deals do exist! Call us today to find out more about…
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