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Filed Under:Real Estate / Local Market
Posts on Regator:158
Posts / Week:0.4
Archived Since:March 4, 2008

Blog Post Archive

Portland Real Estate Market Statistics – November 2011

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 [...]

Portland Real Estate Activity & Statistics – October 2011

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 [...]

Friday Fun – Portland At Night, Time-Lapse Video

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.

NPR Interview: Credit is Cheap But Extremely Tight

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.

Portland Rental Market Gets Tight

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 Real Estate Activity & Statistics – September 2011

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 [...]

Portland Real Estate Activity – August 2011

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 [...]

Friday Fun – We Love our Timbers

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 [...]

Friday Fun – “If Public Art Could Talk”

Another Portland-y vid from Mike Vogel, this one titled “If Public Art Could Talk“. It’s mostly safe for work. © Ron Ares - visit the author for more great content. [...]

Portland Real Estate Market Activity – July 2011

The Portland metro area real estate review for July is a little more ’same ol’ song and dance’. In other words, like many months, it’s been slow but steady. After hitting its peak in June at 1,958 units, July’s home sales tailed off to 1,709. Another 1,928 homes went sale pending and nearly 3,000 homes entered [...]

Friday Fun: ‘Tiny Portland’

I just love this 1-minute-long, a-day-in-the-life video montage of Portland. Produced by local film maker Mike Vogel. Music by Trevor Bennett. © Ron Ares - visit the author for more great content. [...]

Portland Real Estate Market Report – June 2011

Portland’s real estate is hitting a modest peak in June and July, with results featuring low inventories and steady sales volume. Just under 2,000 homes changed hands in June–34% of those were short sales or bank-owned foreclosures. Another 2,000 or so went sale pending during the month, so expect July closed sales figures to be similar [...]

Portland Real Estate Market Report – May 2011

Reluctant home sellers and picky home buyers make up the new normal in Portland’s real estate market. May’s results show a shrinking inventory (down to 11,825 units or 6.8 months), not so much because they’re being snapped up at a high pace, but because new listing volume is low. Prices are fluttering — the average is down [...]

Portland Real Estate Market Report – April 2011

The spring seasonal lift in real estate activity is underway….. Oh, wait. No it isn’t. For the first couple months of 2011, the Portland real estate market mirrored the performance of 2010. Tax credits fueled a mini-bubble last spring that peaked at 2,050 units sold in May, but this year closed sales have leveled off around [...]

Midcentury modern fans get a Rummer fix

Modern home enthusiasts, take heart. While the popular Street of Eames home tour ended its 5-year run last spring, Atomic Ranch fans can still get their fill of California modernist design with the Rummer/Oak Hills House Tour, scheduled for Saturday, May 21 between 10am and 4pm. Sponsored by the Historic Preservation League of Oregon, the tour features [...]

Distress Properties Comprise 30% of Portland Real Estate Sales

Portland’s multiple listing service RMLS has published a small study on the magnitude of distress sales in the metro area–distress sales meaning short sales or bank foreclosures. This measure is also something that I’ve started tracking...Show More Summary

Find Your Badass Portland Neighborhood

As a Realtor, it’s not uncommon to field questions about which neighborhoods have low crime, good schools, ‘like-minded’ neighbors (either politically or demographically), and other personal preferences. Unfortunately, Fair Housing laws...Show More Summary

Portland Real Estate Market Activity – March 2011

Early spring brought a little mixed news to interested home buyers and sellers reviewing March real estate statistics. Sales volume is up over 1,600 units for the first time since June 2010. The average and median sale prices of a Portland metropolitan home perked up from their February low, gaining 6.8% and 0.6% respectively. The [...]

Portland Real Estate Market Statistics – January 2011

The 2011 Portland real estate year starts with a dive off a short cliff. Just over a thousand homes closed escrow — a fairly typical result for the last few years. But the average sale price ($248,900) plummeted to its lowest levels since May 2004 and median prices ($215,000) were comparable to those in February [...]

Portland Real Estate Market Activity – November 2010

The winter slog has hit Portland, and I’m not talking just about the weather. As anticipated, November sales volume for the metro real estate market was light, but steady…sort of like drizzle. The 1,279 closed sales were nearly identical to October’s total. The time-on-market figure climbed to 140 days on average for closed transactions. Available inventory [...]

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