Portland Real Estate Blog 
Portland Real Estate Trends in 2012
Saturday, November 26th, 2011 at 10:44pm. 169 Views, 0 Comments.
In spite of what you may be reading or hearing about real estate, in my opinion, the real estate market is doing OK.
Closed sales were up 2.1% when comparing YTD 2011 with YTD 2010 (Jan to October), and new listings declined 26.3% over this same time period. What does this mean? It means that there are more buyers in the market. More sales means more buyers. It also mean that there are less sellers. Less listings means less sellers. Less supply and more demand must lead to higher prices. Prices did nudge up a little from Feb. 2011 to September 2011. If only this trend were to continue through the winter... wishfull thinking.
From a seller's perspective, selling now is not a great idea. The only people that I know that are selling now are…
Tall Tales About Small Living by Guest Blogger Wade Nkrumah
Saturday, July 23rd, 2011 at 3:21pm. 1136 Views, 1 Comments.
TALL TALES ABOUT SMALL LIVING
Chapter 1: Bright Lights. Big City. Small Spaces
Chapter 2: From a clutter of cranes to a sense of place
Chapter 3: Your home is your unit
Chapter 4: Room with a view
Chapter 5: Downsizing downsides
Chapter 6: When walls speak and ceilings squeak
Chapter 7: About those amenities and fees
Chapter 8: Know thy neighbor ... or not
Chapter 9: Conversion excursion
Chapter 10: Decorating small
Chapter 11: Livin’ large in a small space
Chapter 12: Of balconies, decks and patios
Bright Lights. Big City. Small Spaces
Living small.
It’s a winning approach to Portland’s shifting housing market.
Small-is-in works because the playing field is shrinking everywhere: Appliances. Cars…
Portland Real Estate Market Report, June 19, 2011
Sunday, June 19th, 2011 at 6:05pm. 237 Views, 0 Comments.
What is really going on with Portland Real Estate?
The real estate market is not moving in a clear direction, but there are a few trends that are noteworthy.
Depreciation is slowing down. The 12 month rolling average sale price in May 2011 was down 3.8%. This is less of a drop than the 8 to 10% annual loss of the past couple of years, and since January, the average sale price has been going up.
There are fewer homes on the market. There are currently less than 12,000 homes on the market, and this is nearly 2,000 less homes for sale than the average number over the past two years. Sellers have come to terms with the new pricing paradigm, and less of them are putting properties on the market. When comparing May 2011 with May 2010, there was a 4.1%…