News & Notes ~ October 2018 Numbers

Linda Rossi – November 21, 2018

Inventory is still higher than usual, but is coming down just a bit. I hate to keep beating this drum, but it really is the best time of year to buy.  Two of my clients In particular just snapped up two gorgeous homes and had great options from which to choose. At this time of year prices have cooled and there aren’t quite as many Buyers out fighting you for showings. Its a perfect combination of variables.

Here is your look at the most recent data for the entire Portland area (October):

 

According to the RMLS Market Action Report for the Portland Metro Area, October, 2018:

  • There were 3,100 New Listings in October 2018 which was up 4.0% from October of 2017’s 2,981, and/but down 14.0% from the previous month/Sept of 2018’s total of 3,606 .
  • At 2,440, October Closed Sales fell  4.9% from October 2017’s 2,565, but are up 7.4 % from the previous month/Sept 2018’s total of 2,272.
  • October’s Pending Sales (accepted offers), at 2,484 down 8.2% down from October of 2017’s 2,705, but up 0.5% from the previous month/Sept 2018’s total of  2,471.
  • The Average Sale Price in October of $454,400 was up $15,900 from October 2017’s $438,500, and also up from the previous month/Sept 2018’s $447,800 by $6,600.   

Neighborhoods: October’s Average Sale Price + 12-month Appreciation:

  • North Portland:  $428,700               4.8%   (Sep 416,300)
  • NE Portland:  $463,100                     3.8%   (Sep 433,700)
  • SE Portland:  $395,200                      5.8%   (Sep 420,200)
  • Gresham/Troutdale:   $359,700     9.0%   (Sep 352,200)
  • Milwaukie/Clackamas:  $410,200  4.3%   (Sep 437,400)
  • Oregon City/Canby:   $408,600       6.4%   (Sep 404,300)
  • Lake Oswego/West Linn:$714,500 2.6%   (Sep 627,000)
  • West Portland:    $646,200                4.2%   (Sep 631,700)
  • NW Wash County:  $588,300            3.3%   (Sep 486,200)
  • Beaverton/Aloha:     $398,000          7.4%   (Sep 402,800)
  • Tigard/Wilsonville:   $454,400          6.9%   (Sep 466,900)
  • Hillsboro/Forest Grove: $400,500   6.5%   (Sep 393,200)

News & Notes ~ September 2018 Numbers

Linda Rossi - October 22, 2018

& prices have evened out a bit. Sounds like a good time to buy!  Its said that when the inventory gets to around 4.0 months, it becomes a balanced market. We're not *quite* there, yet, but it is a leveling-out market now for sure, and Fall is always a great time to buy anyway ; )

Here is the most recent data available:

According to the RMLS Market Action Report for the Portland Metro Area, September, 2018:

  • There were 3,606 New Listings in September 2018 which was down slightly at  1.0% from September of 2017's 3,644, and also down 14.4% from the previous month/August of 2018's total of 4,214 .
  • At 2,272, September Closed Sales fell  14.6% from September 2017's 2,660, and is also down 23.4 % from the previous month/August 2018's total of 2,967.
  • September's Pending Sales (accepted offers), at 2,471 were cooler at 9.5% down from Sept of 2017's 2,730, and 10.5% down as well from the previous month/August 2018's total of  2,760.
  • The Average Sale Price in September of $447,800 was up $21,100 from September 2017's $426,700, and down from the previous month/August 2018's $462,400 by $14,600.   

Neighborhoods: September's Average Sale Price + 12-month Appreciation :

  • North Portland:  $416,300             5.7%   (Aug 403,000)
  • NE Portland:  $433,700                   3.8%   (Aug 468,800)
  • SE Portland:  $420,200                    6.9%   (Aug 427,500)
  • Gresham/Troutdale:   $352,200    9.5%   (Aug 360,000)
  • Milwaukie/Clackamas:  $437,400 5.0%  (Aug 444,000)
  • Oregon City/Canby:   $404,300      6.5%  (Aug 436,000)
  • Lake Oswego/West Linn:$627,000 3.4% (Aug 745,100)
  • West Portland:    $631,700              3.4%   (Aug 646,200)
  • NW Wash County:  $486,200          3.8%   (Aug 557,900)
  • Beaverton/Aloha:     $402,800        7.7%   (Aug 406,600)
  • Tigard/Wilsonville:   $466,900        7.9%   (Aug 466,100)
  • Hillsboro/Forest Grove: $393,200  6.7%   (Aug 386,900)

News & Notes ~ August 2018 Numbers

Linda Rossi – September 19, 2018

Activity continues to be mixed in the Portland area. A lot of it is seasonal/happens every year. Some looks like a slight cooling trend.
Here is your look at the most recent data for the entire Portland area (August) and broken down by neighborhood below:
According to the RMLS Market Action Report for the Portland Metro Area, August, 2018:
• There were 4,214 New Listings in August 2018 which was up 4.1% from August of 2017’s 4,048, and down 2.3% from the previous month/July of 2018’s total of 4,312 .
• At 2,967, August Closed Sales fell 2.2% from August 2017’s 3,034, and/but were up 8.4 % from the previous month/July 2018’s total of 2,736.
• August’s Pending Sales (accepted offers), at 2,760 were cooler at 10.2% down from August of 2017’s 3,072, and 10.1% down as well from the previous month/July 2018’s total of 3,071.
• The Average Sale Price in August of $462,400 was up $26,700 from August 2017’s $436,400, and also up from the previous month/July 2018’s $455,100 by $7,300.
Neighborhoods: August’s Average Sale Price + 12-month Appreciation :
• North Portland: $403,000 4.6% (July 415,900)
• NE Portland: $468,800 4.1% (July 467,400)
• SE Portland: $427,500 7.3% (July 425,400)
• Gresham/Troutdale: $360,000 10.5% (July 361,500)
• Milwaukie/Clackamas: $444,000 5.2% (July 427,400)
• Oregon City/Canby: $436,000 7.7% (July 439,400)
• Lake Oswego/West Linn:$745,100 5.1% (July 689,700)
• West Portland: $646,200 3.6% (July 591,000)
• NW Wash County: $557,900 4.4% (July 552,500)
• Beaverton/Aloha: $406,600 8.0% (July 383,600)
• Tigard/Wilsonville: $466,100 8.1% (July 452,700)
• Hillsboro/Forest Grove: $386,900 7.5% (July 403,100)

A Few Neighborhoods

Linda Rossi – August 22, 2018

Explore Some Portland Neighborhoods…With Me!

There are a bunch of favorites of mine I would have included (in the Portland Monthly piece below) with nearby shops & “feel”… St Johns isn’t on here (?!)…Hollywood & Beaumont… Irvington & Sabin… Sellwood… Montavilla (though I guess that’s in their “82nd”?) & Tabor… little town of Milwaukie… Alberta & Dekum… Johns Landing up towards Corbett… South Burlingame & Carson Heights… Multnomah Village…and lots more. Call me!
Here’s the Portland Monthly Piece on 6 Neighborhoods: CLICK HERE

The Portland Neighborhood Specialist

The Portland Neighborhood Specialist

Linda Rossi - August 15, 2018

 

NE & SE Portland are my backyard & where family & some of my favorite people reside. I also specialize in Lake Oswego & SW Portland from my 10 years of living and working there (check out www.PropertyBlotter.com ). I've been comfortably ensconced in the Alberta Arts neighborhood  of NE Portland for some time now, and lived for many years in the Hollywood District before that. Alameda, Sabin and Irving Park are on my daily routes. Piedmont is where I enjoy the roses, and Mississippi is where I love to stroll & pick up odds & ends at the ReBuilding Center. NW Portland is where I practice yoga and meet friends for movies at my favorite theater...Cinema 21 (they have real butter!). I also love helping clients all over North Portland and in St Johns where my husband has an all-natural dog & cat food & supply company...Tre Bone!  Let me put my deep knowledge of Portland neighborhoods and 14 years of experience to work for you!

News & Notes ~ July 2018

Linda Rossi – August 15, 2018

 

Activity overall is mixed in the Portland area in relation to 2017, and the general consensus is that the market is leveling out a bit.  Here is your look at the most recent data for the entire Portland area (July) and broken out by neighborhoods just below:

According to the RMLS Market Action Report for the Portland Metro Area, July, 2018:  

  • There were 4,312 New Listings in July 2018 which was up 2.6% from July of 2017’s 4,202, and down 4.5% from the previous month/June of 2018’s total of 4,515.
  • At 2,736, July Closed Sales fell 2.0% from July 2017’s 2,793, and/but were also down 7.1 % from the previous month/June 2018’s total of 2,946.
  • July’s Pending Sales (accepted offers), at 3,071 were up slightly at  1.0% from July of 2017’s 3,040, and were also up 0.4% from the previous month/June 2018’s total of  3,059.
  • The Average Sale Price in July of $455,100 was up $7,700 from July 2017’s $447,400, and down from the previous month/June 2018’s $472,400 by $17,300.   

Neighborhoods: July’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $415,900              6.7%   (June 430,100)
  • NE Portland:  $467,400                    4.8%   (June 490,000  )
  • SE Portland:  $425,400                     6.9%   (June 443,600)
  • Gresham/Troutdale:   $361,500   10.5%   (June 357,900)
  • Milwaukie/Clackamas:  $427,400 5.5%   (June 434,100  )
  • Oregon City/Canby:   $439,400      7.4%   (June 434,100)
  • Lake Oswego/West Linn:$689,700 6.3%  (June 685,700)
  • West Portland:    $591,000              1.4%   (June 635,600)
  • NW Wash County:  $552,500          4.5%   (June 572,200)
  • Beaverton/Aloha:     $383,600        7.9%   (June 400,100 )
  • Tigard/Wilsonville:   $452,700        8.6%   (June 481,500 )
  • Hillsboro/Forest Grove: $403,100 8.5%   (June 409,900)