Hi There!
Here’s a brief breakdown of the latest real estate data in Portland. Right below it, see addresses & details re: what Sold Last Week, how long it took, and for how much.
(All data derived from RMLS)
LATEST APRIL NUMBERS/OVERVIEW
According to the RMLS Market Action Report for the Portland Metro Area, April, 2017:
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April Average Sale Price + Appreciation (last 12 months):
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ON THE MORTGAGE FRONT
Let’s hear from one of my most trusted resources:
Well, folks, here we are, smack dab in the middle of the home buying season and mortgage rates should be going up. Mirabile dictu, they are going down, at least momentarily. For this we have the politicos in Washington to thank. Chaos and uncertainty in either government or the economy cause the tides of money sloshing around the world to hunker down for safety’s sake in government instruments: bills, bonds and notes. The price of the instrument goes up due to higher demand, and so the yields, which run counter to price, go down.
Mortgages rates follow the yields of existing U.S. 10 year notes. As 10 year Treasury yields start to drift down, voilà, mortgage rates go down.
How long this will last is anyone’s guess now. The stock market, which took a hit the other day due to the turmoil in D.C. has mostly recovered today, so the bond market may soon see a reversal as well. But no one knows. The bottom line is: buyers are seeing very favorable mortgage loan rates. At least for now.
PETE CHRISTELMAN
Mortgage Originator
NMLS – 93499
Tel: (503) 282 9000
Mobile: (503) 381 7222
Email: pchristelman@financeofamerica.com
MACADAM I 4380 SW MACADAM AVE I SUITE 560 I PORTLAND, OR 97239
FinanceofAmerica.com/Macadam
© 2015 Finance of America LLC I I Equal Housing Lender I NMLS 1071
Mortgage Banker License #0910184 I Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act I Georgia Residential Mortgage Licensee I Illinois Residential Mortgage Mortgage Licensee I Kansas Licensed Mortgage Company I Licensed by the Mississippi Department of Banking and Consumer Finance I Licensed by the New Hampshire Banking Department I Licensed by the N.J. Department of Banking and Insurance I Licensed Mortgage Banker–NYS Banking Department I Rhode Island Licensed Lender
______________________________________________
LAST WEEK IN PORTLAND
Check out your neighborhood (or desired neighborhood) with this detailed, scrollable graph of what SOLD in Portland’s N, NE, SE SW & NW areas May 8-14:
**NOTE: CDOM = Cumulative Days on Market
| North Portland | |||||||
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 6697 N COLUMBIA WAY | $225,000 | $230,500 | 2 | 1.1 | 1020 | ATTACHD | 1 |
| 198 N HAYDEN BAY DR | $259,000 | $259,000 | 2 | 1 | 844 | CONDO | 111 |
| 7109 N BANK ST | $225,000 | $275,000 | 3 | 2 | 1209 | DETACHD | 6 |
| 7222 N MISSISSIPPI AVE | $265,000 | $299,000 | 2 | 1 | 1636 | DETACHD | 4 |
| 8361 N JOHNSWOOD DR | $310,000 | $320,000 | 3 | 1.1 | 1404 | DETACHD | 2 |
| 2104 N SUMNER ST | $320,000 | $333,000 | 2 | 1 | 720 | DETACHD | 4 |
| 7315 N JERSEY ST | $365,000 | $370,000 | 2 | 1 | 1454 | DETACHD | 4 |
| 9517 N WOOLSEY Ave | $325,000 | $375,000 | 4 | 2.1 | 1860 | DETACHD | 3 |
| 1016 N TERRY ST | $339,000 | $380,000 | 2 | 1 | 919 | DETACHD | 4 |
| 7706 N MCKENNA AVE | $379,900 | $385,000 | 2 | 1 | 1560 | DETACHD | 5 |
| 7616 N LEONARD ST | $389,900 | $410,000 | 3 | 1 | 1975 | DETACHD | 16 |
| 3025 N WINCHELL ST | $399,900 | $412,000 | 2 | 1 | 1834 | DETACHD | 7 |
| 6940 N BURR AVE | $379,000 | $415,000 | 3 | 2 | 1618 | DETACHD | 6 |
| 9326 N TIOGA AVE | $399,900 | $420,000 | 3 | 2.1 | 1832 | DETACHD | 4 |
| 350 N Tomahawk Island DR | $425,000 | $425,000 | 1 | 2 | 1331 | FLTHOME | |
|
9519 N SYRACUSE ST |
$379,900 | $425,000 | 3 | 1 | 1776 | DETACHD | 7 |
| 8005 N WILLAMETTE BLVD | $449,900 | $439,750 | 4 | 4 | 3384 | DETACHD | 8 |
|
7823 N BRADFORD ST |
$499,000 | $469,000 | 2 | 1 | 1275 | DETACHD | 35 |
| 3636 N BALDWIN ST | $399,900 | $470,000 | 2 | 1 | 1679 | DETACHD | 4 |
| 3644 N MICHIGAN AVE | $469,900 | $480,150 | 3 | 2.1 | 1506 | DETACHD | 5 |
| 3632 N TRENTON ST | $549,900 | $500,000 | 9 | 3 | 3360 | DETACHD | 20 |
| 8016 N FISKE AVE | $459,900 | $520,000 | 3 | 2 | 2264 | DETACHD | 6 |
| 5006 N SYRACUSE ST | $599,900 | $550,000 | 4 | 2 | 2244 | DETACHD | 48 |
| 9336 N IVANHOE ST | $595,000 | $615,000 | 3 | 2 | 3196 | DETACHD | 4 |
| 1533 N JARRETT ST | $825,000 | $823,000 | 4 | 3 | 3040 | DETACHD | 86 |
| 4127 N MICHIGAN AVE | $899,900 | $870,000 | 4 | 3.1 | 2843 | ATTACHD | 277 |
| 3537 N WILLIAMS AVE | $1,500,000 | $1,000,000 | 3 | 3 | 3425 | DETACHD | 65 |
| NE Portland | |||||||
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 10925 NE MORRIS ST | $175,000 | $201,000 | 3 | 1 | 1372 | DETACHD | 4 |
| 221 NE 149TH PL | $245,920 | $255,279 | 3 | 2 | 1478 | DETACHD | 34 |
| 105 NE 143rd AVE | $279,900 | $279,900 | 3 | 1 | 1259 | DETACHD | |
| 8835 NE BEECH ST | $250,000 | $287,500 | 2 | 2 | 1876 | DETACHD | 7 |
| 5701 NE 72ND AVE | $268,900 | $302,705 | 3 | 2 | 1950 | DETACHD | 3 |
| 12639 NE HASSALO ST | $299,900 | $305,000 | 3 | 2 | 1301 | DETACHD | 14 |
| 120 NE 156TH AVE | $299,000 | $305,000 | 2 | 2 | 1402 | DETACHD | 6 |
| 15901 NE HANCOCK ST | $349,000 | $325,000 | 3 | 2.1 | 1612 | DETACHD | 31 |
| 513 NE 131ST PL | $299,000 | $327,000 | 3 | 2 | 1162 | DETACHD | 4 |
| 742 NE 173RD AVE | $315,000 | $330,000 | 4 | 2 | 2152 | DETACHD | 11 |
| 925 NE 110TH AVE | $309,900 | $335,000 | 2 | 1.1 | 984 | DETACHD | 5 |
| 308 NE 92ND AVE | $319,900 | $340,000 | 3 | 1 | 960 | DETACHD | 6 |
| 13319 NE SACRAMENTO ST | $304,000 | $340,000 | 4 | 2 | 1570 | DETACHD | 5 |
| 6133 NE 18TH AVE | $499,900 | $355,000 | 3 | 1 | 1500 | DETACHD | 69 |
| 2015 NE 155TH CT | $355,000 | $355,000 | 2 | 2 | 1636 | DETACHD | 4 |
| 14831 NE DAVIS CT | $325,000 | $373,350 | 3 | 2 | 2194 | DETACHD | 3 |
| 4215 NE 115TH AVE | $329,000 | $375,000 | 3 | 2 | 1508 | DETACHD | 3 |
| 10717 NE SKIDMORE ST | $379,600 | $379,600 | 4 | 2.1 | 2534 | DETACHD | 30 |
| 1233 NE 76TH AVE | $365,000 | $380,000 | 2 | 1 | 1600 | DETACHD | 284 |
| 3706 NE MAYWOOD PL | $357,900 | $381,000 | 3 | 1 | 1650 | DETACHD | 16 |
| 1176 NE 69TH AVE | $325,000 | $395,000 | 2 | 1 | 848 | DETACHD | 6 |
| 9200 NE LEVEE RD | $400,000 | $400,000 | 3 | 1 | 1766 | DETACHD | 13 |
| 1512 NE 148TH PL | $405,000 | $403,250 | 2 | 2 | 2017 | DETACHD | 4 |
| 30 NE MORGAN ST | $349,500 | $405,000 | 2 | 1 | 741 | DETACHD | 3 |
| 5002 NE 33RD AVE | $400,000 | $409,250 | 2 | 1 | 1508 | DETACHD | 10 |
| 6563 NE GRAND AVE | $379,000 | $410,000 | 2 | 1.1 | 1422 | DETACHD | 3 |
| 3515 NE 152ND AVE | $419,000 | $419,900 | 4 | 2.1 | 2532 | DETACHD | 35 |
| 7408 NE MALLORY AVE | $399,900 | $428,000 | 3 | 2 | 1792 | DETACHD | 6 |
| 1714 NE GOING ST | $529,000 | $430,000 | 3 | 1.1 | 2367 | DETACHD | 86 |
| 4352 NE HASSALO ST | $440,000 | $439,000 | 2 | 2 | 1906 | DETACHD | 8 |
|
6016 NE FAILING ST |
$389,000 | $440,000 | 4 | 1 | 2828 | DETACHD | 74 |
| 4000 NE 66TH AVE | $435,000 | $440,000 | 2 | 2 | 1568 | DETACHD | 19 |
| 8806 NE BROADWAY | $399,900 | $447,000 | 3 | 2 | 2524 | DETACHD | 4 |
| 855 NE JARRETT ST | $399,000 | $450,000 | 3 | 2 | 1626 | DETACHD | 4 |
| 3642 NE 71ST AVE | $400,000 | $451,000 | 3 | 1 | 1360 | DETACHD | 6 |
| 4739 NE 15TH AVE | $439,000 | $457,000 | 3 | 1.1 | 1394 | ATTACHD | 8 |
| 7026 NE GRAND AVE | $425,000 | $467,000 | 3 | 2 | 1816 | DETACHD | 3 |
| 5015 NE HALSEY ST | $469,900 | $470,000 | 3 | 1 | 2042 | DETACHD | 7 |
| 5831 NE 29TH AVE | $465,000 | $475,000 | 3 | 2 | 1458 | ATTACHD | 3 |
| 3606 NE 23RD AVE | $479,500 | $510,000 | 2 | 1 | 1367 | DETACHD | 4 |
| 3705 NE 63RD AVE | $449,900 | $511,000 | 3 | 1 | 1812 | DETACHD | 2 |
| 3006 NE 55TH AVE | $579,900 | $525,000 | 3 | 1 | 1935 | DETACHD | 94 |
| 4521 NE GARFIELD AVE | $499,000 | $527,000 | 3 | 2 | 1973 | DETACHD | 10 |
| 1200 NE 135TH AVE | $569,900 | $550,000 | 4 | 4.1 | 3591 | DETACHD | 10 |
| 3321 NE 31ST AVE | $549,900 | $550,000 | 3 | 1.5 | 2238 | DETACHD | 0 |
| 78 NE FREMONT ST | $539,000 | $556,700 | 4 | 2 | 1750 | DETACHD | 6 |
| 4935 NE 24TH AVE | $550,000 | $560,000 | 3 | 2 | 2745 | DETACHD | 4 |
| 3315 NE 64TH AVE | $559,000 | $570,000 | 3 | 3 | 2874 | DETACHD | 12 |
| 5611 NE 25TH AVE | $579,000 | $575,000 | 5 | 2.1 | 2244 | DETACHD | 19 |
| 3557 NE 47TH AVE | $624,900 | $576,000 | 4 | 2 | 1981 | DETACHD | 131 |
| 10832 NE FARGO ST | $599,000 | $599,000 | 4 | 2.1 | 2781 | DETACHD | 3 |
| 4823 NE 21ST AVE | $525,000 | $605,000 | 3 | 1 | 2878 | DETACHD | 5 |
| 4915 NE 26TH AVE | $599,900 | $610,000 | 2 | 2.1 | 1649 | ATTACHD | 3 |
| 5811 NE 16th AVE | $699,999 | $668,000 | 4 | 2.1 | 2318 | DETACHD | |
| 1575 NE JARRETT ST | $699,999 | $675,000 | 4 | 2.1 | 2318 | DETACHD | 41 |
| 3774 NE ALAMEDA ST | $799,900 | $712,000 | 3 | 2 | 3192 | DETACHD | 21 |
| 475 NE HAZELFERN PL | $775,000 | $745,000 | 4 | 2.1 | 3101 | DETACHD | 13 |
| 3605 NE 14TH AVE | $799,999 | $775,000 | 4 | 3.1 | 2731 | ATTACHD | 15 |
| 2814 NE SCHUYLER ST | $790,000 | $790,000 | 4 | 3.1 | 2819 | DETACHD | 5 |
| 607 NE FLORAL PL | $789,900 | $825,000 | 3 | 1.1 | 3139 | DETACHD | 7 |
| 3923 NE 20TH AVE | $795,000 | $875,000 | 4 | 3 | 2862 | DETACHD | 7 |
| 823 NE FAILING ST | $939,000 | $885,000 | 4 | 4 | 2921 | DETACHD | 78 |
| 2544 NE 24TH AVE | $899,950 | $910,000 | 4 | 3.1 | 3491 | DETACHD | 2 |
| 3426 NE ALAMEDA ST | $1,299,900 | $1,250,000 | 5 | 4 | 4261 | DETACHD | 11 |
| SE Portland | |||||||
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 12446 SE CARUTHERS ST | $164,900 | $140,000 | 2 | 1.1 | 1096 | ATTACHD | 45 |
| 2416 SE 145TH AVE | $199,900 | $185,000 | 3 | 1 | 1200 | DETACHD | 17 |
| 11209 SE STARK ST / Main | $169,000 | $189,000 | 2 | 2.1 | 1154 | CONDO | 2 |
| 14524 SE GLADSTONE ST | $189,000 | $192,000 | 2 | 2 | 1338 | RES-MFG | 5 |
| 16230 SE RHINE CT | $199,900 | $213,500 | 3 | 1 | 1163 | DETACHD | 3 |
| 5916 SE KNAPP ST | $230,000 | $230,000 | 3 | 1 | 1116 | DETACHD | 31 |
|
7120 SE CRYSTAL SPRINGS BLVD |
$249,900 | $250,000 | 3 | 1 | 1474 | DETACHD | 3 |
| 7711 SE 66TH AVE | $262,000 | $265,000 | 1 | 1 | 615 | DETACHD | 11 |
| 1421 SE 179TH AVE | $245,000 | $265,000 | 3 | 1 | 864 | DETACHD | 4 |
| 1421 SE 158TH AVE | $249,950 | $265,000 | 3 | 1 | 1006 | DETACHD | 2 |
| 2239 SE 146TH AVE | $249,000 | $273,500 | 3 | 1 | 864 | DETACHD | 4 |
| 7330 SE MITCHELL CT | $340,000 | $279,000 | 2 | 1 | 1062 | DETACHD | 104 |
| 13512 SE RAMONA ST | $270,000 | $280,000 | 3 | 2 | 1248 | DETACHD | 16 |
| 6729 SE 131ST PL | $269,000 | $285,000 | 3 | 1 | 946 | DETACHD | 6 |
| 7930 SE MITCHELL ST | $289,000 | $290,000 | 3 | 1 | 2448 | DETACHD | 22 |
| 13236 SE CORA ST | $279,900 | $290,000 | 4 | 1.1 | 2208 | DETACHD | 19 |
| 4403 SE 130TH AVE | $290,000 | $300,000 | 3 | 2 | 1012 | DETACHD | 7 |
| 3215 SE 116TH AVE | $329,900 | $300,000 | 3 | 1 | 1194 | DETACHD | 12 |
| 10612 SE LIEBE ST | $295,000 | $305,000 | 4 | 2 | 1612 | DETACHD | 2 |
| 13129 SE LINCOLN ST | $289,900 | $315,000 | 3 | 2.1 | 1414 | DETACHD | 5 |
| 6134 SE 72ND AVE | $299,900 | $315,000 | 3 | 2 | 1344 | DETACHD | |
| 4018 SE HENDERSON ST | $290,000 | $316,000 | 1 | 1 | 480 | DETACHD | 5 |
| 807 SE 153RD AVE | $309,900 | $320,000 | 3 | 2 | 1072 | DETACHD | 5 |
| 3915 SE 69TH AVE | $325,000 | $328,500 | 2 | 1 | 884 | DETACHD | 93 |
| 3705 SE 107TH AVE | $309,900 | $331,100 | 4 | 3 | 1400 | DETACHD | 27 |
| 9714 SE YUKON ST | $299,900 | $340,000 | 3 | 1 | 1450 | DETACHD | 7 |
| 9311 SE YAMHILL ST | $339,900 | $340,000 | 3 | 2 | 1346 | DETACHD | 5 |
| 7136 SE 118TH DR | $399,000 | $340,500 | 3 | 1.1 | 1440 | DETACHD | 112 |
| 2833 SE 60TH AVE | $319,000 | $345,000 | 3 | 1 | 1414 | DETACHD | 5 |
| 6036 SE RAYMOND ST | $320,000 | $347,000 | 2 | 1.1 | 1894 | DETACHD | 3 |
| 5429 SE 17TH AVE | $299,000 | $348,000 | 2 | 2 | 998 | CONDO | 6 |
| 10422 SE DIVISION ST | $365,900 | $353,000 | 3 | 1 | 1680 | DETACHD | 3 |
| 1234 SE 113TH AVE | $319,900 | $354,000 | 3 | 1 | 1437 | DETACHD | 10 |