Your Portland Oregon and Lake Oswego Oregon Real Estate Expert!

Data: December 18, 2008

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

Portland’s real estate has seen a dramatic change over the last few months. RMLS numbers now reflect a 15 month supply of available homes for sale throughout the metro area. Sellers are averaging 135 days to get their homes sold. Buyers are loving this!

Sellers who are not upside down in their house have a tough battle, competing against neighboring short sales and a relatively small percentage of foreclosures. Entry priced homes are commonly selling short of what’s owed and this affect trickles uphill into higher end properties. Luxury homes in areas like Lake Oswego are deeply discounted and not immune to similar circumstances. Bank owned properties can be picked up cheap!

What does this mean for the average homeowner in Portland? Don’t sell unless it’s absolutely necessary. If you do have to sell price it 5% lower than the competition and it’ll move. Currently homes are selling at a rate of about 40 per day. Sellers must be aggressive!

Buyers are able to reap benefits of today’s incredibly low interest rates. FHA borrowers can get a historical low of 4.5%. Conventional mortgage rates are the same as of this writing. If loan-to-value (LTV) is 60% or less it’s possible to lock in 4.375%. Wow!!

Interestingly enough guidelines have changed for investors. Fannie and Freddie underwriting requirements only allow a total of 4 mortgages, 3 investments. Makes it tougher for those who would love to take advantage of the buyer’s market and already own several properties. Good news is that there’s no shortage of Portland investment property with upside potential and cash flow is better than ever.

Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers. Find YOUR HOME WORTH now.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Dave at (503) 789-7633, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Dave now at (503) 789-7633 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Data: June 30, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market appreciation, for the first time in the last 36 months, has dropped below 10%. The market has turned into a buyer’s market. That’s great news since our market definitely needs some correction to get soft landing. The Portland real estate market grew 8.9% in the month of June as compared to the same period last year. Though it is not good news for home sellers that the market has slowed and that there’s excess inventory out there, it is great for buyers and for the economy in general. Reason, a gentle slow down is way better than a crash. This soft landing gets our real estate market back to normal.

However, if you were to compare our market with other markets throughout the US, our performance of an almost 9% growth is still stellar.

Cities that were hit hardest were predominantly on the west side including West Portland, Beaverton, Tigard and Wilsonville (around 4.5% growth). These areas had had rapid growth in the last few years and it’s finally calming down.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 8% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

Data: April 30, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in April 2007 grew another 11.1% for from the same period in April last year. This follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation overall. Closed sales increased 1.4%, but the number of new listings also grew 23% and pending sales dropped about 7%. At this point, our inventory will last approximately 4.4 months.

Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 10% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Call us at 503-805-5173 (cell) or email us to see how we can help you with your home buying and selling needs.

Data: March 31, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in March 2007 grew another 12.2% for from the same period in March last year. This follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation overall. However, here’s a cautious note: the number of new listings went up by 24% and closed sales declined by almost 10%. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Data: February 28, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in Feb 2007 follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation of 12.8% overall. However, here’s a cautious note: the number of new listings went up by 18.9% and closed sales declined by 7.9%. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

Data: January 31, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

The Portland real estate market started off with a cautious tone at the beginning of 2007. We’re still seeing some healthy appreciation of 16% overall. The actual closed and pending sales actually went down as compared to last year of the same period. This signifies that our property market is hot, but it’s unlikely to be as hot as the previous two years. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

In January 2007, the number of closed saled decreased by 9.4% and pending sales fell by 2.2%. These numbers are still within a resonable tolerance level given the slower winter months.

From the encouraging results in January, wWe estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% to 12% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Data: December 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

2006 has been an interesting year. The first 6 months started off with a big bang. The market experienced huge increases in almost every price category. Then Intel announced the big layoff, coupled with the rapidly cooling national market, the Portland real estate market slows down somewhat during the second half of the year.

Despite the gradual market correction in Portland real estate, Portland home prices appreciated by another 14% in December 2006 over the same period last year. Our real estate market continues to buck the national trend. Considering the national average at 2.9%, Portland is doing extremely well.

In December, our home inventory suddenly shrank to 4.5 months from about 5.5 to 6 months in the previous months. Fewer homes on the market means a tighter supply. This is likely to apply pressure on prices to rise.

The overall average sale price for the year of 2006 is $322,600 with a median price at $270,500. Compared with the average home price in 2005 at $282,900, the Portland real estate market broke the $300,000 mark in no time.

We estimate that the 2007 real estate market will continue to be strong for Portland. However, we are still projecting a slower growth rate at around 10% instead of 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.

Data: October 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In October 2006, the Portland real estate prices appreciated by an average of another 15% over the same period last year. Our home supply, however, has gone up considerably. New listings are up 14.9%, closed sales dropped 12.6% and pending sales also dropped 12.6%. These are clear signs that our prices are going to stablize and giving buyers a break in rising prices. In fact, according to the National Association of Realtors, Portland homes are affordable again.

This certainly is great news to buyers. For one, there’re more homes to choose from without having to get into bidding wars like what we’ve seen the last 2 years. Interest rates are still at all time low, so buyers can get more home for the same buck.

Sellers finally recognized that they couldn’t continue to demand high prices without being one of the best homes in the neighborhood. How exactly should sellers move their homes then when the market seems to be cooling off? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Buyer Services. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? Let us help with your Portland Relocation.

Data: September 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In September 2006, the Portland real estate prices appreciated by an average of another 15.4% over the same period last year. Our home supply, however, has gone up considerably. New listings are up over 14%, closed sales dropped almost 25% and pending sales also dropped close to 19%. These are clear signs that our prices are going to stablize and giving buyers a break in rising prices.

Having said that, the table hasn’t turned completely to a buyer’s market quite yet. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? We can help. Click here.

Data: August 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In August 2006, the Portland real estate prices appreciated by an average of another 16.4% over last year. This is despite the fact that the number of new listings increased 9.6%. Both closed and pending sales decreased by about 20% respectively.

These are clear signs that the Portland real estate market is changing towards a buyer’s market. Still, the table hasn’t turned completely. It’s a slow process since homes are still moving. However, buyers definitely have more choices in the current market. This is particularly true in the upper price range of aboce $650,000 market. The below $400,000 market continues to show signs of strength.

This certainly is good news to buyers. In the past years, buyers have to battled through multiple offers and competing deals. Now that more homes are available for selection, sellers are beginning to make more concessions. We’re reaching more of a balanced housing economy.

How exactly should seller’s move their homes then when the market seems to be cooling off somewhat then? Call us and find out. We have specific strategies to guide sellers how to make their homes appealing to buyers.

To search for your home in anywhere in the Metro Portland area, use our FREE Exclusive Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Buyer Services that could be worth over $1,200 and it’s completely FREE to you. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

Relocating to Portland, Oregon? We can help. Click here.

Call us at 503-805-5173 (cell) or email us to see how we can help you with your home buying and selling needs.