Whether you're selling your home, investing in income property, interested in building a custom home, or contemplating land development, I offer consulting for most any residential or commercial real estate need. If I can't help you I'll refer you to a qualified professional who can. I've been personally providing sound advice with friendly reliable service since 1990. If you're interviewing brokers for the job of selling your home, I invite you to call me direct. I appreciate any opportunity to interview for the job.
April Residential Highlights While sales activity continued a steady month-over -month increase in the Portland metro area, it still fell short of 2008's same month marks for April. Comparing April 2009 with the same month in 2008, pending sales were down 10.1% and closed sales decreased 17.7%. New listings also dropped 28.1%. On the other hand, comparing April 2009 with March 2009, pending sales grew 13.6% (1,860 v. 1,637). Closed sales also rose 10% (1,302 v. 1,184). New listings increased 3.3% (3,808 v. 3,685). Pending sales continue to rise month-over-month at a steeper than usual rate (13.6% in 2009 vs. 6.8% in 2008 and -2.3% in 2007) Inventory also dropped to 11 months and this is the first time it has dropped from march to April since 2004. Active residential listings in April numbered 14,328, up from 14,158 in March. (Source: RMLSTM)
Affordability Housing in the Portland metro area was at its most affordable point since December 2004 in March. (Source: RMLSTM)
Year-to-Date Comparing January-February 2009 with the same period in 2008, closed sales dropped 35.8%. Pending sales also fell 29.1%. New listings decreased 17.2%. (Source: RMLSTM)
Sale Prices The average sale price for April 2009 was down 10.4% compared to April 2008, while the median sale price dropped 9.1%. Month-to-month, the average sale price and median sale price were mixed when compared with March levels; the average sale price decreased 2% ($291,100 v. $297,000) and the median sale price was up 1.4% ($249,900 v. $246,400).(Source: RMLSTM)
Counties Average Sale Price Change 07 v. 08 Clackamas $375,800 -6% Columbia $230,700 -9% Multnomah $331,400 -1% Washington $317,100 -5% Yamhill $270,700 -5% (Source: RMLSTM)
Portland Real Estate - Use this site to explore Washington, Multnomah, and Clackamas County communities and find the neighborhood that fits your likes and priorities. This site has extensive community information, consumer links, school information, free reports, real estate answers, and more. Here you will also find useful information on how to go about selecting a home, making an offer, negotiating, financing, moving, and all the steps in between. Sellers, this site has information for you about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and getting a timely market evaluation.
