|Filed Under:||Real Estate / Local Market|
|Posts on Regator:||170|
|Posts / Week:||0.4|
|Archived Since:||March 4, 2008|
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.
While the homes sales market is stuck in a low gear, the Portland rental market has been in overdrive, with rents rising and vacancies shrinking. A recent article in Portland’s local daily newspaper highlights the increased demand for apartment rentals, as well as the rising rent rolls. According to local property managers, average rents in [...]
Portland’s real estate market continues to show steady…um….steadiness in September 2011 results. Home sales slowed in September–a normal, seasonal pattern to be sure, however the level was nearly 200 units higher than in September 2010. Year-to-date, 2011?s total homes sales are slightly ahead of the pace set in 2010. Inventory levels continue to stymie buyers [...]
No earth shattering news to report on the August 2011 Portland real estate market results. Seasonal sales volume and pricing dynamics are in line with recent trending. Home sales prices softened month-over-month from July and were down 9 to 10% from a year ago. Virtually the same number of homes have sold across the Portland [...]
Major League Soccer fans across the country know that Portland has the most rabid, passionate fans in the league. Sure, the Blazers are the top game in town, but the Portland Timbers are giving them a run for their money when it comes to promotion. Coach John Spencer is a big part of that. And [...]