Jan. 22, 2018

Total Market Overview Report for 22 Jan 2018

Check out what's really going on in the real estate market in your area. Please let us know if you’d like a customized report for your home.

 

Portland Real Estate
Total Market Overview
22 January, 2018

North Portland

Greater Portland

Northeast Portland

Southeast Portland

Gresham/Troutdale

Milwaukie/Clackamas

Oregon City/Canby

Lake Oswego/West Linn

West Portland

NW Portland

Beaverton

Tigard

Hillsboro/Forest Grove

Yamhill

Jan. 15, 2018

Total Market Overview Report for 15 Jan 2018

Check out what's really going on in the real estate market in your area. Please let us know if you’d like a customized report for your home.

 

Portland Real Estate
Total Market Overview
15 January, 2018

North Portland

Greater Portland

Northeast Portland

Southeast Portland

Milwaukie/Clackamas

Oregon City/Canby

Lake Oswego/West Linn

West Portland

NW Portland

Beaverton

Tigard

Hillsboro/Forest Grove

Yamhill

Jan. 15, 2018

December Market Snapshot

The Portland metro area saw mixed numbers this December, but new listings made gains compared to December 2016. At 1,617, new listings showed a 13.8% increase compared to December 2016, despite a 33.1% decrease from last month in November 2017 (2,416). This was the strongest December for new listings in the Portland metro area since 2011, when 1,700 new listings were offered.

Pending sales (1,757) exactly matched the 1,757 offers accepted last year in December 2016 but showed a 25.9% cooling from the 2,371 offers that were accepted last month in November 2017.

Closed sales, at 2,350, ended with a 10.3% decrease from December 2016 (2,621) and fell 1.6% short of the 2,387 closings recorded last month in November 2017 as well.

Total market time in December ended at 55 days, with inventory decreasing slightly to 1.6 months.

Prices continued to rise in the Portland metro area in 2017. Comparing the entirety of 2017 to 2016, the average sale price rose 8.5% from $395,000 to $428,700. In the same comparison, the median sale price rose 9.5% from $347,000 to $379,900.

Portland Metro Residential Highlights

~~via RMLS Market Action

Jan. 9, 2018

Total Market Overview Report for 8 Jan 2018

Check out what's really going on in the real estate market in your area. Please let us know if you’d like a customized report for your home.

 

Portland Real Estate
Total Market Overview
8 January, 2018

North Portland

Greater Portland

Northeast Portland

Southeast Portland

Gresham/Troutdale

Milwaukie/Clackamas

Oregon City/Canby

Lake Oswego/West Linn

West Portland

NW Portland

Beaverton

Tigard

Hillsboro/Forest Grove

Yamhill

Jan. 8, 2018

Happy New Year 2018

 

Hi, this is Shawn with the Yu Realty Group at Keller Williams. Happy new year! I hope you guys are having a great time with your family and friends.

In 2018, I would love to hear from you whether it's about your 2018 real estate goals, or maybe you want to become a real estate agent, or maybe marketing to grow your own business, or just want to be healthier.

We have some exciting changes this year. I was just awarded as a Five Star Real Estate Agent again in 2018. Thank you so much for the sellers and buyers who worked with me in 2017 and voted for me. Yes! I really do appreciate it.

We just added a transaction coordinator and a marketing specialist to serve you even better in 2018 and going forward. We constantly look for ways to serve you guys better so please let us know what we can do for you.

Happy new year and have a great 2018!

Posted in Buyer, Seller
June 16, 2017

Portland Oregon Real Estate Market Action - May 2017

 

Click here to view the full report

Posted in Market Action
April 24, 2017

March Market Snapshot

The Portland metro area had a sunny month for new listings this March. At 3,604, new listings outpaced March 2016 (3,409) by 5.7% and February 2017 (2,521) by 43.0%. This was the strongest March for new listings in the area since 2010, when 4,987 were offered for the month.

Pending sales (3,043) warmed 28.5% over last month in February 2017 (2,369) but fell 1.1% short of the 3,076 offers accepted during this month last year in March 2016.

Closed sales, at 2,494, similarly outpaced February 2017 (1,669) by 49.4% but still ended 2.8% cooler than in March 2016 when 2,565 closings were recorded for the month.

Total market time decreased by four days this March, ending at 58 days. Inventory decreased as well, ending at 1.3 months. There were 3,313 active residential listings in the Portland metro area this March.

Comparing the average price of homes sold in the twelve months ending March 31st of this year ($404,300) with the average price of homes in the twelve months ending March 2016 ($361,100) shows an increase of 12.0%. In the same comparison, the median has increased 12.2% from $315,000 to $353,500.

March 15, 2017

February Market Snapshot

February brought more mixed activity to the Portland metro area, but activity made some gains over last month. Pending sales (2,369) showed a 19.0% increase over the 1,990 offers accepted last month in January 2017, but a 15.0% decrease when compared to last year in February 2016.

Similarly, new listings (2,521) ended 12.9% under the 2,896 new listings offered last year in February 2016 but were 14.0% warmer compared to the 2,212 new listings offered last month in January 2017.

Closed sales, at 1,669 for the month, ended 7.9% below February 2016 (1,813) and 9.6% below closings recorded last month in January 2017 (1,847).

Inventory edged slightly higher in February, ending at 1.9 months. Total market time rose to 62 days during the same period. There were 3,109 active residential listings in the Portland metro area this February. Average and Median Sale Prices

Comparing the average price of homes sold in the twelve months ending February 28th of this year ($400,800) with the average price of homes in the twelve months ending January 2016 ($357,400) shows an increase of 12.1%. In the same comparison, the median has increased 12.9% from $310,000 to $350,000.

               

Feb. 27, 2017

Why Test for Radon?

Read or watch my video about why radon testing is important.

Radon is a natural, heavy gas that stays low near the ground, and it is the second leading cause of lung cancer, after smoking.  In the Portland metro area, the number of cases that are related to radon gas is rising.

Fortunately, there's a relatively simple test that can be done.  When purchasing a home, there is usually always a home inspection; at the same time, you can request a radon test, which costs around $100-$150.  Basically, they set up a monitor in the home for two to three days, and the windows and doors need to be shut most of the time.  

When the report is submitted, you'll see if the home has radon gases that are below or above acceptable, healthy levels.  If the test fails, that doesn't mean that the sale falls through.  There are easy ways to fix the issue, and we can talk about that if that happens.  

But I do recommend that a radon test be done for any home purchases just so you know the air quality is good in the house for you and your family.  And if you bought a home five or more years ago and didn't have a radon test done at the time, you owe yourself a test for your family's health.  If you have any questions or need a recommendation on a radon tester, give me a call at 503-515-4499.  I'm here to help! 

 

Posted in Buyer
Feb. 22, 2017

January Market Snapshot

The Portland metro area started the year with a little mixed activity this January. New listings (2,212) rose 55.7% from December (1,421) but fell 12.2% short of the 2,519 new listings offered last year in January 2016.

Similarly, pending sales (1,990) ended 13.3% stronger than last month in December (1,757) but were 11.3% cooler than last January (2,243).

Closed sales, at 1,847, fell just 0.6% short of the 1,859 closings recorded last year in January 2016 but ended 29.5% below the 2,621 closings recorded last month in December 2016.

Total market time increased by nine days in January, ending at 58 days. During the same period, inventory rose slightly to 1.7 months. There were 3,214 active residential listings in the Portland metro area in January.