|Filed Under:||Real Estate / Local Market|
|Posts on Regator:||174|
|Posts / Week:||0.4|
|Archived Since:||March 4, 2008|
Portland’s real estate market continues to show strength as it heads into fall and what is normally a quiet transaction season. Over 2,100 homes closed escrow and another 2,177 entered into sale contracts in October throughout the Portland metro area. Home sales were up 42% over last October and up 11% over September. The strong [...]
Some were a little surprised at the strength of the September results for the Portland metro real estate market, but the tea leaves in August weren’t all that hard to read. The housing market started September with 2,387 homes in pending status and ended with 2,058 — substantially stronger than the Septembers of 2010 and [...]
August proved to be a robust month in the Portland real estate scene, with over 2,300 homes changing hands. A similar number of properties received acceptable offers and went ‘sale pending’ during the month as well, portending a busy September. With four months left in the year, the Portland’s housing market will easily finish with [...]
The Portland metro real estate market has likely hit its peak for 2012, with July results showing consistent price increases and steady activity. Just under 2,000 units closed escrow in July, down from 2,224 sold properties in June but still a couple hundred units above last year’s mark. July marked the sixth straight month of [...]
We’ve certainly seen signs of a recovery in the Portland real estate market, but have enough factors changed that we can see the housing bust of the late ’00?s in the rear-view mirror? The economics editor at the Wall Street Journal seems to think so. Excerpts from the article. Economists aren’t always right, but on [...]
Portland’s torrid spring/summer real estate pace continues, according to June 2012?s results. Over 2,200 homes changed hands, the highest number since August 2007. Interestingly, buyers had nearly twice the inventory to sort through in August 2007 than they did in June 2012. Currently, the market has 3.9 months’ supply at the current rate of sales [...]
It’s starting to feel like 2007 all over again. May’s real estate activity was the highest since August 2007 — the zenith of the Portland housing bubble (for sale price) — with closed sales at 2,098 units sold. Sold properties jumped 20% over last month alone, leaving the market with just 4.2 months of available [...]
Check out this collection of bridge illustrations by Portland creative April Black as part of her ‘Make Something Everyday’ series. It even includes the under-construction Caruthers light-rail bridge. Hat tip to Stumptown Magazine...
Scarcity continues to be the main story in the latest sampling of Portland’s real estate market statistics. April ended with just over 8,500 homes active on the market — a 4.7 month of supply at the current (and increasing) rate of sales. Northeast and Southeast Portland are showing under 3.5 months’ availability. It’s a seller’s [...]
It seems Portland photographers are vying for the “Top Portland Time Lapse Video Award”. That’s fine with me. Another beautiful example, Finding Portland: Finding Portland from Uncage the Soul Productions on Vimeo. Video by Uncage the Soul Productions.
Portland area home buyers are snapping up properties at a higher rate and faster pace in 2012 thus far than they did in 2011. Through the first quarter, the metro area has seen a 12% increase in sold homes compared to last year–the best 1st quarter performance since 2007. Properties are taking a full month [...]
Put ‘time-lapse’ and ‘Portland’ in the same sentence and I’m hooked. Here’s another from John Eklund. Watch it in full screen or from the Vimeo page for better resolution. If you missed the earlier Portland time-lapse find by Lance Page, catch it here. Hat tip to Rick Turoczy for the find.
A look back at Portland’s real estate market performance in February. March’s update will be available in the third week of April. Market Summary February 2012 Prev. Month – January 2012 Last Year – February 2011 Median Sale Price $211,000 $207,500 $213,700 Average Sale Price $255,100 $249,100 $244,500 Closed Sales 1,262 1,224 1,074 Pending Sales [...]
Highlights of the inaugural month of the 2012 real estate season included strong closed and pending sale figures (the best January since 2007), a bump in new listings, and a reduction in market time. However, January results also revealed continued low inventory levels and a dip in the median sale prices from a year ago. [...]
Riffing on the explosively viral ‘Sht Girls Say‘ video meme, it was only time before a Portland version emerged. Given the Portlandia mania, it would be tough to pull off something totally fresh. A few clinkers here, but offset by a number of classic Portland truisms. How long before the inevitable Vancouver, WA version?
Real estate sales activity continued its upward trend for the third straight month, as over 1,600 homes closed escrow in the Portland area in December. The strongest December in a few years, combined with a dearth of new listings, led to the market’s lowest total inventory since June 2006. January buyers were met with only [...]
The year end draws near and the Portland residential real estate market will end 2011 on a stronger note than 2010 — at least when measured by sales volume. Sales in November 2011 were 19% above last year’s pace and were actually 3% higher than October’s result. However, available inventory, at just 9,451 units is [...]
The Portland real estate market begins its annual hibernation, with activity subsiding and prices taking a nap as well. Compared to September, closed sales dropped 7%, the median price dipped 6.7% and the average slumped by 6.5%. The average sale price in October was $258,700 and the midpoint weighed in at $217,800 — the lowest [...]
I’m a sucker for time-lapse video, especially if Portland scenes are involved. Here’s a beaut: Photography by Lance Page. Music soundtrack provided by Andrew Parish.
I caught a succinct, very clear explanation on NPR radio tonight about why credit is so cheap, but so difficult to qualify for when purchasing a home. Give it a listen: In a related story, the national government is looking at changes to the loan modification process. Story here.