Last Week in Portland
Hi There!
Here's a brief breakdown of the latest real estate data in Portland and right below it, my own hand-crafted list for easy scrolling through your neighborhood. See addresses & details re: what Sold Last Week, how long it took, and for how much.
Latest/August Numbers for the entire Portland area: (Source: RMLS Market Action Report)
- There were 4,203 New Listings in August which was down 3.9% from July, and up 8.3%from August of 2015.
- At 3,001, August Closed Sales were up 8.1% from July's 2,776, and down 3.1% from August of 2015's 3,098.
- August Pending Sales (Accepted Offers), at 3,325 were up 0.7% from July's 3,302, and were also 0.7% lower than August of 2015's 3,347.
- The Average Sale Price in August of $400,100 was down $7,000 from July's $407,100, and also up around $35,500 from August of 2015's $364,600.
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Average Sale Prices By Area for August were: 12-Month Appreciation:
- North Portland: $373,400 12.8%
- NE Portland: $426,400 9.2%
- SE Portland: $369,400 11.0%
- Gresham/Troutdale: $311,600 13.1%
- Milwaukie/Clackamas: $385,300 8.6%
- Oregon City/Canby: $364,100 12.8%
- Lake Oswego/West Linn: $619,600 11.8%
- West Portland: $572,100 9.8%
- NW Washington County: $495,200 7.0%
- Beaverton/Aloha: $350,300 9.4%
- Tigard/Wilsonville: $402,200 10.7%
- Hillsboro/Forest Grove: $328,100 12.4%
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On The Mortgage Front, Give a listen to one of my most trusted resources below:
We dodged another bullet this past week when the Federal Reserve Board kept the Federal Funds Rate (the Overnight Lending Rate) the same, despite three months of chatter in financial markets that the Board had waited too long to raise rates and would do it this month. There were, however, unusually hawkish statements at the Fed Open Market Committee meeting, made by several members of the Board, to the effect that the rate should go up at the December meeting, and that there should be several rate increases in 2017. The economy is clearly recovering, albeit slowly, and the Fed always wants to curb future inflation by raising the Overnight Rate to restrain borrowing.
Mortgage rates, still at historical lows, have always been immediately affected upward when the Federal Funds Rate has been raised. If you intend to buy or refinance, be advised that you could be looking at higher rates very soon.
PETE CHRISTELMAN
Mortgage Originator
NMLS - 93499Tel: (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 (N, NE, SE & W):
(***CDOM= Cumulative Days on the Market)
Here's the Scoop on What Happened in Portland Last Week (:
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4763 N LOMBARD ST / Upper | $165,000 | $165,000 | 1 | 1 | 436 | CONDO | 5 |
| 8515 N PORTSMOUTH AVE | $175,000 | $165,000 | 4 | 2 | 2229 | DETACHD | 10 |
| 9120 N TIOGA AVE | $150,000 | $181,600 | 2 | 1 | 1000 | DETACHD | 12 |
| 184 N HAYDEN BAY DR / Upper | $219,900 | $205,000 | 1 | 0.1 | 728 | CONDO | 10 |
| 9045 N HAMLIN AVE | $219,700 | $225,000 | 3 | 1 | 836 | DETACHD | 35 |
| 5423 N COLUMBIA BLVD | $254,900 | $249,900 | 3 | 1 | 936 | DETACHD | 32 |
| 6662 N ASTOR ST | $290,000 | $285,000 | 3 | 1 | 828 | DETACHD | 37 |
| 3423 N LOMBARD ST | $314,900 | $305,000 | 3 | 1 | 1792 | DETACHD | 2 |
| 9114 N DRUMMOND AVE | $350,000 | $310,000 | 3 | 2 | 1196 | DETACHD | 78 |
| 2121 N DEKUM ST | $329,000 | $310,000 | 2 | 1 | 816 | DETACHD | 35 |
| 9406 N ALLEGHENY AVE | $299,900 | $320,000 | 2 | 1 | 1794 | DETACHD | 4 |
| 8538 N PENINSULAR AVE | $369,269 | $344,700 | 3 | 2 | 1750 | DETACHD | 23 |
| 7909 N SMITH ST | $339,000 | $347,000 | 3 | 2 | 2222 | DETACHD | 10 |
| 5639 N WILLIS BLVD | $348,000 | $360,000 | 3 | 2 | 1080 | DETACHD | 38 |
| 7824 N EMERALD AVE | $350,000 | $370,000 | 2 | 2 | 2074 | DETACHD | 6 |
| 7083 N BURRAGE AVE | $339,900 | $374,500 | 3 | 1 | 1486 | DETACHD | 15 |
| 8950 N BERKELEY AVE | $349,950 | $375,000 | 2 | 1 | 1727 | DETACHD | 6 |
| 3925 N ALBINA AVE | $375,000 | $380,000 | 2 | 1 | 824 | DETACHD | 11 |
| 10019 N JERSEY ST | $409,000 | $395,000 | 3 | 2 | 1402 | DETACHD | 94 |
| 8332 N FOX ST | $324,900 | $400,000 | 4 | 2.1 | 2002 | DETACHD | 5 |
| 7107 N IVANHOE ST | $389,000 | $419,000 | 3 | 1 | 1645 | DETACHD | 3 |
| 6804 N VILLARD AVE | $395,000 | $442,000 | 3 | 2 | 1322 | DETACHD | 7 |
| 6114 N MISSISSIPPI AVE | $519,900 | $490,350 | 3 | 2 | 2856 | DETACHD | 53 |
| 756 N Webster ST #4 | $499,000 | $499,000 | 4 | 3.1 | 1663 | CONDO | |
| 6124 N GREELEY AVE | $475,000 | $500,000 | 3 | 2 | 2024 | DETACHD | 10 |
| 742 N Webster ST #3 | $499,000 | $510,500 | 3 | 3.1 | 1440 | CONDO | |
| 722 N Webster ST #1 | $499,000 | $520,000 | 3 | 3.1 | 1663 | CONDO | 6 |
| 235 NE 61ST AVE #36 | $185,000 | $180,000 | 1 | 1 | 491 | CONDO | 42 |
| 839 NE 162ND AVE | $189,900 | $196,500 | 2 | 2 | 1187 | ATTACHD | 2 |
| 6819 NE BROADWAY ST /Grnd | $225,000 | $220,000 | 2 | 1 | 1050 | CONDO | 30 |
| 10725 NE SAN RAFAEL ST | $214,900 | $223,000 | 3 | 1 | 941 | DETACHD | 7 |
| 8421 NE WEBSTER ST | $259,900 | $279,000 | 2 | 1 | 768 | DETACHD | 4 |
| 3715 NE 42ND AVE | $279,000 | $279,000 | 2 | 1 | 1344 | DETACHD | 18 |
| 2338 NE 159TH AVE | $299,999 | $280,000 | 3 | 2 | 1736 | DETACHD | 105 |
| 2411 NE 134TH PL | $289,900 | $289,000 | 3 | 1.1 | 1300 | DETACHD | 20 |
| 3425 NE 89TH AVE | $300,000 | $320,000 | 2 | 1.1 | 1462 | DETACHD | 3 |
| 10436 NE GLISAN ST | $349,900 | $325,000 | 4 | 2 | 2280 | DETACHD | 107 |
| 6205 NE FAILING ST | $299,900 | $325,000 | 2 | 2 | 1029 | DETACHD | 4 |
| 2074 NE 134TH PL | $325,000 | $335,000 | 3 | 2 | 1735 | DETACHD | 19 |
| 8536 NE BEECH ST | $299,999 | $336,000 | 2 | 1.1 | 1415 | DETACHD | 5 |
| 5225 NE 26TH AVE | $350,000 | $336,000 | 2 | 1.1 | 1032 | DETACHD | 22 |
| 1103 NE 177TH AVE | $350,000 | $345,000 | 3 | 2 | 1672 | DETACHD | 25 |
| 9014 NE BENJAMIN ST | $324,900 | $348,000 | 3 | 1.1 | 1650 | DETACHD | 8 |
| 10665 NE WASCO ST | $370,000 | $350,000 | 3 | 2.1 | 2772 | DETACHD | 41 |
| 5302 NE SIMPSON ST | $350,000 | $350,000 | 3 | 1.1 | 1056 | DETACHD | 6 |
| 16684 NE RUSSELL ST | $355,000 | $355,000 | 3 | 2 | 1914 | DETACHD | 14 |
| 13260 NE SACRAMENTO DR | $309,900 | $360,000 | 3 | 2 | 1477 | DETACHD | 7 |
| 10924 NE MORRIS ST | $349,000 | $360,000 | 3 | 2 | 1734 | DETACHD | 12 |
| 15614 NE SISKIYOU CT | $359,900 | $370,000 | 4 | 3 | 2482 | DETACHD | 6 |
| 3311 NE 129TH AVE | $385,000 | $385,000 | 5 | 2.1 | 2431 | DETACHD | 13 |
| 8935 NE Everett ST | $375,000 | $390,000 | 3 | 2.1 | 1668 | ATTACHD | |
| 11081 NE FREMONT ST | $395,000 | $395,000 | 4 | 2.1 | 2351 | DETACHD | 25 |
| 4615 NE 80TH AVE | $400,000 | $395,000 | 3 | 2 | 2344 | DETACHD | 3 |
| 7934 NE SCHUYLER ST | $400,000 | $400,000 | 3 | 2 | 2348 | DETACHD | 4 |
| 3214 NE WASCO ST | $420,000 | $405,350 | 3 | 1 | 1851 | DETACHD | 39 |
| 1304 NE 53RD AVE | $425,000 | $420,000 | 2 | 1 | 1440 | DETACHD | 10 |
| 1005 NE 80TH AVE | $399,900 | $426,000 | 4 | 2 | 2024 | DETACHD | 5 |
| 614 NE 61ST AVE | $449,900 | $440,000 | 3 | 1 | 2380 | DETACHD | 14 |
| 4626 NE 29TH AVE | $440,000 | $450,000 | 3 | 1.1 | 1980 | DETACHD | 5 |
| 3025 NE WEIDLER ST | $498,000 | $456,000 | 2 | 2 | 2284 | DETACHD | 21 |
| 1718 NE 11TH AVE #201 | $450,000 | $460,000 | 2 | 2 | 1519 | CONDO | 9 |
| 6024 NE 55TH AVE | $495,000 | $495,000 | 3 | 3 | 2234 | DETACHD | 11 |
| 5828 NE 18TH AVE | $499,900 | $495,000 | 4 | 2 | 2291 | DETACHD | 4 |
| 4016 NE 15TH AVE | $495,000 | $502,000 | 3 | 1 | 1804 | DETACHD | 10 |
| 2119 NE WASCO ST | $525,000 | $505,000 | 2 | 1.1 | 2232 | DETACHD | 8 |
| 6725 NE CLEVELAND AVE | $489,900 | $510,000 | 4 | 2 | 2330 | DETACHD | 6 |
| 2027 NE MASON ST | $549,000 | $520,000 | 4 | 2 | 2916 | DETACHD | 20 |
| 3205 NE 63RD AVE | $539,000 | $545,000 | 3 | 2 | 1835 | DETACHD | 28 |
| 5217 NE 18TH AVE | $549,900 | $549,900 | 3 | 1.1 | 2508 | DETACHD | 17 |
| 1020 NE SKIDMORE ST | $517,000 | $575,000 | 4 | 2 | 1689 | DETACHD | 8 |
| 1335 NE GOLF COURT RD | $599,000 | $575,000 | 3 | 2.1 | 3772 | DETACHD | 4 |
| 3616 NE 43RD AVE | $574,900 | $583,900 | 3 | 2.1 | 1865 | DETACHD | 38 |
| 5425 NE 31ST AVE | $595,000 | $595,000 | 3 | 2 | 2756 | DETACHD | 10 |
| 5335 NE 12TH AVE | $649,900 | $599,000 | 3 | 3.1 | 2180 | DETACHD | 51 |
| 2024 NE 37TH AVE | $600,000 | $600,000 | 3 | 2 | 3025 | DETACHD | 59 |
| 3719 NE 37TH AVE | $634,900 | $605,000 | 3 | 2 | 1926 | DETACHD | 41 |
| 4014 NE ROYAL CT | $699,000 | $649,000 | 4 | 2 | 2524 | DETACHD | 42 |
| 3301 NE SHAVER ST | $699,000 | $649,000 | 3 | 2.1 | 2268 | DETACHD | 19 |
| 2535 NE 22ND AVE | $695,000 | $649,000 | 3 | 2 | 3454 | DETACHD | 36 |
| 3407 NE 16TH AVE | $699,000 | $720,000 | 3 | 1.2 | 3786 | DETACHD | 6 |
| 5246 NE 32ND AVE #B | $749,000 | $725,000 | 3 | 2.1 | 1845 | ATTACHD | 0 |
| 3445 NE 51 AVE | $799,900 | $750,000 | 4 | 3.1 | 2377 | ATTACHD | 79 |
| 5628 NE 30TH AVE | $825,000 | $790,000 | 5 | 3.1 | 3104 | ATTACHD | 83 |
| 4028 NE 26th AVE | $750,000 | $810,000 | 5 | 2.1 | 3153 | DETACHD | 7 |
| 2736 NE 12TH AVE | $1,295,000 | $1,260,000 | 4 | 3.1 | 4011 | DETACHD | 43 |
| 14987 SE GRANT CT /Grnd | $105,000 | $89,900 | 1 | 1 | 724 | CONDO | 33 |
| 2720 SE 138TH AVE / Main | $119,950 | $119,950 | 2 | 1 | 814 | CONDO | 5 |
| 12847 SE STARK ST / Upper | $154,900 | $147,000 | 2 | 2 | 1003 | CONDO | 25 |
| 2322 SE 139TH AVE | $199,900 | $175,000 | 2 | 1 | 1064 | DETACHD | 46 |
| 10259 SE HAROLD ST | $210,000 | $197,900 | 2 | 1 | 1686 | DETACHD | 65 |
| 327 SE 139TH AVE | $227,500 | $230,000 | 2 | 1 | 1440 | DETACHD | 3 |
| 14430 E Burnside ST /Grnd | $239,900 | $231,900 | 3 | 2.1 | 1428 | CONDO | |
| 16003 SE TAYLOR ST | $239,000 | $235,000 | 3 | 1 | 1012 | DETACHD | 29 |
| 8218 SE 74TH AVE | $236,000 | $240,000 | 2 | 1 | 772 | DETACHD | 39 |
| 13727 SE CLINTON CT | $249,950 | $245,000 | 3 | 2 | 1160 | DETACHD | 15 |
| 3920 SE 149TH AVE | $239,950 | $250,000 | 3 | 1 | 903 | DETACHD | 4 |
| 12640 SE REEDWAY ST | $234,950 | $250,000 | 3 | 2 | 1448 | DETACHD | 13 |
| 10003 SE KNIGHT ST | $250,000 | $250,000 | 3 | 1 | 1026 | DETACHD | 11 |
| 3713 SE 174TH AVE | $259,950 | $257,500 | 3 | 2 | 1413 | DETACHD | 106 |
| 11937 SE SCHILLER ST | $264,900 | $258,500 | 3 | 2.1 | 1649 | ATTACHD | 39 |
| 4914 SE 52ND AVE | $259,900 | $259,900 | 3 | 1.1 | 1704 | DETACHD | 2 |
| 16208 SE RHONE ST | $259,900 | $260,000 | 3 | 1.1 | 1325 | DETACHD | 7 |
| 1414 SE 172ND AVE | $250,000 | $261,500 | 3 | 1.1 | 1406 | DETACHD | 18 |
| 13539 SE KNIGHT ST | $250,000 | $265,000 | 3 | 2 | 1306 | DETACHD | 3 |
| 6026 SE 138TH PL | $249,000 | $265,000 | 3 | 2 | 1296 | DETACHD | 4 |
| 4431 SE 58TH AVE | $295,400 | $266,000 | 3 | 2 | 1440 | DETACHD | 75 |
| 17454 SE HAIG DR | $259,900 | $275,000 | 4 | 2 | 1558 | DETACHD | 27 |
| 8514 SE 63RD AVE | $269,900 | $275,000 | 4 | 1 | 1484 | DETACHD | 12 |
| 8822 SE KNAPP ST | $274,900 | $279,900 | 3 | 1.1 | 960 | DETACHD | 7 |
| 5028 SE 86TH CT | $265,000 | $280,000 | 3 | 1 | 1184 | DETACHD | 6 |
| 1324 SE 151ST AVE | $284,900 | $280,000 | 4 | 2 | 2000 | DETACHD | 12 |