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.

Data: July 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In July 2006, the Portland real estate prices appreciated by an average of another 17.4% over last year. This is despite the fact that the number of new listings increased 11.4% and pending sales decreased almost 21%.

These are clear signs that the market is changing towards a buyer’s market. The table hasn’t turned completely 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.

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 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 that could be worth over $1,200 and it’s completely FREE to you. 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: June 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In June 2006, the Portland real estate prices appreciated by an average of another 17.4% over last year. This is despite the fact that our property inventory has climbed to over 8,500 available homes for sale and new listings has increased 11.8%. Closed sales has also dropped 9.3%.

These are clear signs that the market is changing somewhat – from a totally seller’s market the last several years to a buyer’s market. The table hasn’t turned completely 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.

This certainly is good news. 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 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 that could be worth over $1,200 and it’s completely FREE to you. 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: May 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In May 2006, the Portland real estate prices appreciated by an average of a whopping 17.4% over May 2005. Given our current rate of sales, our inventory will last for only 41 days. Though the market still appears to be tight, there’s some sign of the market entering a stablization phase. The number of closed and pending sales decreased 6.6% and 5.1% (an improvement from April 2006) respectively. Having said that, we do need to analyze this information carefully. 2005 was an exceptional year by any means in the history of our real estate market. Our May data is still phenonmenal by any standard.

The Portland May 2006 market continues to show cautious strength. Homes under the $500,000 mark are still selling fast across the Portland Metro area. Much of the slower sign is coming from exclusive homes in the $650,000 and above range. As mortgage interest rates rise, more home shoppers will also be more inclined to find homes as soon as possible. Tigard and Wilsonville, in particular, are showing phenomenal growth strength. Appreciation in these two areas have reached almost 28% in one year.

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 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? 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: April 30, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Dave’s Commentary on the Portland Real Estate Market:

In April 2006, the Portland real estate prices appreciated by an average of 16.8% over March 2005. Given our current rate of sales, our inventory will last for only 2.4 months. Though the market still appears to be tight, there’s some sign of the market entering a stablization phase. The number of closed and pending sales decreased 9.1% and 11.7% respectively as compared to the April 2005 data. Having said that, we do need to analyze this information carefully. 2005 was an exceptional year by any means in the history of our real estate market. Our April data is still phenonmenal by any standard.

Homes under the $500,000 mark are still selling super fast across the Portland Metro area. Much of the slower sign is coming from exclusive homes in the $650,000 and above range. As mortgage interest rates rise, more home shoppers will also be more inclined to find homes as soon as possible. The outlook of our real estate market in Portland remains strong.

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 that could be worth over $1,200 and it’s completely FREE to you. 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: March 31, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In March 2006, the Portland real estate prices appreciated by an average of 16.4% over March 2005. Given our current rate of sales, our inventory will last for only 2 months. This, as compared to the Feb 2006 data of 2.7 months, our market appears to be still tight.

Given the number of new constructions in the market, the number of closed sales, as compared to the same period in 2005, decreased 6.7% while the number of new listings increased just a slight 0.8%. Though there seems to be some indication of relief in rising housing prices, the summer months ahead of us will bring in more buyers fighting for homes. As mortgage interest rates rise, more home shoppers will also be more inclined to find homes as soon as possible. The outlook of our real estate market in Portland remains strong.

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 that could be worth over $1,200 and it’s completely FREE to you. 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: February 28, 2006

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

In February 2006, the Portland real estate sales numbers are up again. The number of closed sales, as compared to the same period in 2005, increased 2.2%. At the same time, the number of listings (homes available for sale) dropped 6.9%. Our housing inventory is getting tighter by the day. Home owners are not accepting any kind of “low ball” offer. This is indicated by the significant decrease in the number of accepted offered (an 11.3% drop in accepted offers).

At the current rate of supply and demand, our inventory will last only 2.7 months. This is a very low number as we’re just entering into our high season. The average time to market a home has also shrinked by 19%. Literally, homes are “flying off the listings”.

In February 2006, the Portland market appreciation averages to be 16%. From all the indication of both the January and February data, we can conclude that our real estate market is likely to ride as high as 2005, if not higher. If you’re thinking of buying a home, get in the market quickly before it’s priced out of reach.

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 that could be worth over $1,200 and it’s completely FREE to you. 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.