Have You Ever Considered Purchasing a Home in Portland, Oregon

inda Rossi – October 27, 2016

Have you ever considered moving to beautiful Portland, Oregon? Portland is a desirable community & great location. Portland, Oregon boasts a variety of local landmarks, excellent schools, parks and much much more. Take a look at some of the most popular searches in Portland, Oregon and the surrounding areas.

See: Homes for Sale in Portland, Oregon

Not quite the location that you are looking for? That is okay. Through my website you can search for the exact home you are looking for in the exact city, county or community you are looking for. Search for your perfect home, in the perfect location by taking advantage of my Advanced Search tool built directly into this website.

Last Week in Portland (Report)

Linda Rossi – October 24, 2016

Hi There!

Here’s a brief overview 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 SEPTEMBER NUMBERS/OVERVIEW

According to the RMLS Market Action Report for the Portland Metro Area, September, 2016:
There were 3,673 New Listings in September which was down a whopping 12.6% from August, and up 7.3% from September of 2015.
At 2,823, September Closed Sales were also down 5.9% from August’s 3,001, and down 6.2% from September of 2015’s 3,010.
September Pending Sales (Accepted Offers), at 2,857 were down 14.1% from August’s 3,325, and were also 3.8% lower than September of 2015’s 2,971.
The Average Sale Price in September of $392,200 was down $7,900 from August’s $400,100, and also up around $43,200 from September of 2015’s $349,000.

September Average Sale Price + Appreciation (last 12 months):
North Portland: $381,400 14.3% (Aug: $373,400/12.8%)
NE Portland: $437,200 10.3% (Aug: $426,400/ 9.2%)
SE Portland: $368,200 11.0% (Aug: $369,400 / 11.0%
Gresham/Troutdale: $296,900 12.6% (Aug: $311,600 / 13.1%)
Milwaukie/Clackamas: $395,100 11.1% (Aug: $385,300 / 8.6%)
Oregon City/Canby: $364,100 11.6% (Aug: $364,100 / 12.8%)
Lake Oswego/West Linn:$619,800 14.2% (Aug: $619,600 / 11.8%)
West Portland: $505,100 10.3% (Aug: $572,100 / 9.8%)
NW Washington County: $473,300 7.8% (Aug: $495,200 / 7.0%)
Beaverton/Aloha: $335,100 9.9% (Aug: $350,300 / 9.4%)
Tigard/Wilsonville: $400,700 10.6% (Aug: $402,200 / 10.7%)
Hillsboro/Forest Grove: $345,300 14.1% (Aug: $328,100 / 12.4%)

_____________________________________________________________

ON THE MORTGAGE FRONT

Let’s hear from one of my most trusted resources:

Still no certainty on the matter of when the Fed will raise the Overnight Lending Rate (which always affects mortgage rates). However, after the unusually hawkish remarks–made by several members of the Fed Open Market Committee in September–about raising the rate at the December 2016 meeting, and then several times more in 2017, several analysts in financial markets have echoed the same opinion.

There is a struggle going on at the Fed between the doves and the hawks, and at some point the hawks will prevail. Because, in spite of all the political noise on the subject, the U.S economy is actually getting stronger each year, always a driver of higher rates in all areas of lending.

The Fed struggle won’t go on forever, and when the hawks prevail, mortgage rates will rise.

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

cid:image002.jpg@01D16E57.477735A0

© 2015 Finance of America LLC I I Equal Housing Lender cid:image003.png@01D16E57.477735A0 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 October 10-16:
North Portland:
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6912 N Philadelphia AVE/Grnd $177,000 $177,000 2 0.1 734 CONDO 7
8080 N BURLINGTON AVE/Grnd $215,000 $225,000 1 1 729 CONDO 7
5026 N CECELIA ST $240,000 $250,000 2 1 918 DETACHD 7
229 N BALDWIN ST $204,000 $299,000 2 1 1122 DETACHD 121
9936 N DECATUR ST $329,000 $319,000 3 2.1 1514 ATTACHD 88
6848 N MISSISSIPPI AVE $324,899 $341,000 2 1 2004 DETACHD 91
324 N HAYDEN BAY DR $380,000 $360,000 2 2 2015 CONDO 140
9030 N VAN HOUTEN AVE $364,900 $368,650 3 2.1 1506 DETACHD 4
4104 N LONGVIEW AVE $458,000 $400,000 3 1 2496 DETACHD 48
8205 N DWIGHT AVE $385,000 $400,000 2 1 1392 DETACHD 13
5745 N COMMERCIAL AVE $399,000 $410,000 4 1 2356 DETACHD 6
833 N ALBERTA ST $425,000 $415,000 2 1 1736 DETACHD 18
620 N WINCHELL ST $459,900 $419,000 4 3 2310 DETACHD 35
9135 N SYRACUSE ST $420,000 $425,000 3 2 2000 DETACHD 10
3624 N ALBINA AVE $449,000 $455,000 4 2 2217 DETACHD 3
6237 N MISSISSIPPI AVE $559,900 $555,000 4 2.1 2896 DETACHD 29
1910 N WINCHELL ST $625,000 $661,000 4 2 3988 DETACHD 5
NE Portland:
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3157 NE Marine DR #SL17 $59,900 $46,000 1 1 800 FLTHOME
8716 NE HASSALO ST/Grnd $174,900 $174,900 3 1 1044 CONDO 5
2903 NE 151ST AVE $189,900 $189,900 2 2 1638 CONDO 30
4645 NE 99TH AVE $210,000 $210,000 1 1 800 DETACHD 1
533 NE HOLLADAY ST #706 $219,000 $215,000 1 1 697 CONDO 10
14706 NE COUCH ST $219,000 $219,000 2 2.1 1254 ATTACHD 18
1463 NE 176TH AVE $250,000 $252,000 3 2.1 1592 ATTACHD 6
2114 NE HALSEY ST #27 $259,900 $259,900 1 1 687 CONDO 79
19130 NE HOLLADAY PL $270,000 $260,000 3 2 1224 DETACHD 25
4546 NE 96TH AVE $259,000 $265,000 2 1 926 DETACHD 20
14733 NE STANTON CT/Grnd $284,900 $278,800 3 2 2335 CONDO 27
11330 NE FARGO ST $299,000 $289,000 3 2 1440 DETACHD 38
5716 NE FAILING ST $280,000 $289,500 2 1 871 DETACHD 79
15510 NE COUCH ST $299,900 $299,900 4 2.1 1685 DETACHD 19
2543 NE 92ND AVE $289,900 $300,000 4 1 1264 DETACHD 5
410 NE 140TH AVE $295,000 $300,000 2 2 1474 DETACHD 0
4803 NE 78TH AVE $289,000 $310,000 2 1 1069 DETACHD 4
526 NE FARGO ST #B $319,950 $312,000 1 1.1 1031 CONDO 10
1703 NE 127TH AVE $309,999 $314,999 4 2 2168 DETACHD 50
11626 NE HOLLADAY ST $333,000 $335,000 3 2 1610 DETACHD 9
4633 NE 18TH AVE $424,900 $339,000 1 1 632 DETACHD 33
3128 NE 141ST AVE $370,000 $340,000 4 2 1614 DETACHD 8
10705 NE SKIDMORE ST $375,000 $350,000 4 3 3149 DETACHD 24
9620 NE SKIDMORE ST $349,000 $353,200 3 3 2348 DETACHD 6
8507 NE PACIFIC ST $325,000 $356,000 4 2 1463 DETACHD 6
3406 NE 67TH AVE $399,990 $361,000 3 1 1872 DETACHD 16
2208 NE 128TH AVE $375,000 $383,000 5 3 2444 DETACHD 28
3355 NE 75TH AVE $399,900 $390,000 3 1 1372 DETACHD 33
1309 NE 137TH AVE $420,000 $430,000 3 3.1 2967 DETACHD 7
1916 NE 57TH AVE $459,000 $459,000 4 2 2156 DETACHD 8
3614 NE 43RD AVE $574,900 $589,900 3 2.1 1865 DETACHD 18
4534 NE 32ND PL $600,000 $640,000 4 1 2360 DETACHD 6
1725 NE 52ND AVE $685,000 $685,000 3 2.1 3269 DETACHD 7
2134 NE 55TH AVE $685,000 $685,000 4 2 3894 DETACHD 40
2603 NE 31ST AVE $784,900 $750,000 4 3 2542 DETACHD 61
2547 NE 10TH AVE $829,000 $810,000 4 3.1 3304 DETACHD 33
3005 NE 16TH AVE $849,000 $856,500 3 2.1 3221 DETACHD 4
SE Portland:
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
7227 SE FLAVEL ST #27 $15,000 $15,000 2 1 784 IN-PARK 31
3924 SE 168TH AVE/Upper $109,950 $111,950 2 1 861 CONDO 7
2627 SE 136TH AVE/Grnd $120,000 $118,500 2 1 780 CONDO 6
2726 SE 138TH AVE #79 $125,000 $125,000 2 1 844 CONDO 16
14978 SE CARUTHERS CT/Grnd $150,000 $140,000 2 1 956 CONDO 16
2009 SE 184TH AVE $214,000 $190,500 3 2 2356 DETACHD 30
17132 SE MARKET ST $198,000 $200,000 3 1 960 DETACHD 8
17022 SE JULIANO CT $199,900 $205,000 3 2.1 1272 ATTACHD 97
8621 SE RAYMOND CT $199,000 $206,000 1 1 543 DETACHD 3
5726 SE 120TH AVE $150,000 $210,000 2 1 870 DETACHD 6
3134 SE 122ND AVE $215,000 $215,000 3 1 930 DETACHD 53
402 SE 108TH AVE $250,000 $215,100 4 2 1218 DETACHD 249
9711 SE ELLIS ST $215,000 $225,000 2 1 840 DETACHD 11
10120 SE HAROLD ST $224,000 $230,000 3 1 884 DETACHD 7
10435 SE ELLIS ST $225,000 $238,000 3 2 1402 DETACHD 8
5929 SE 134TH PL $249,900 $240,000 3 2.1 1420 ATTACHD 88
5803 SE 84TH AVE $225,000 $255,000 2 1 1631 DETACHD 5
15630 SE YAMHILL ST $249,900 $256,000 3 1.1 1214 DETACHD 34
3721 SE 69TH AVE $275,000 $264,000 3 1 1974 DETACHD 38
3210 SE 122ND AVE $335,000 $271,099 3 2 1170 DETACHD 117
5450 SE 87TH AVE $270,000 $280,000 4 3 1720 DETACHD 19
4835 SE 76TH AVE $275,000 $310,000 3 1 910 DETACHD 4
6144 SE WOODSTOCK BLVD $325,000 $325,000 3 1 912 DETACHD 37
7019 SE SHERRETT ST $334,900 $334,900 4 2.1 1768 DETACHD 6
6756 SE CLATSOP ST $329,950 $339,950 4 2.1 1665 DETACHD 68
11914 SE CORA ST $339,900 $342,500 4 2.1 1702 DETACHD 0
17228 SE EZGOIN LN $390,000 $379,000 4 3 2285 DETACHD 48
3006 SE CESAR E CHAVEZ BLVD $385,000 $379,000 2 1.1 1860 DETACHD 84
14505 SE CLATSOP ST $369,900 $379,900 4 2.1 2185 DETACHD 7
414 SE 26TH AVE $399,900 $405,000 2 1 883 DETACHD 40
5215 SE 78TH AVE $398,500 $415,000 3 2 1720 DETACHD 11
6640 SE 68TH AVE $449,000 $425,000 3 3 2671 DETACHD 32
7515 SE 111TH AVE $449,000 $425,000 4 3.1 3190 DETACHD 69
7611 SE MARTINS ST $465,000 $430,000 4 2 2318 DETACHD 63
6911 SE 48TH AVE $450,000 $450,000 4 1 1456 DETACHD 2
3610 SE SHERMAN ST $469,900 $454,900 3 1 2273 DETACHD 26
1709 SE 44TH AVE $499,000 $470,000 2 2 1872 DETACHD 21
17129 SE BEARSPAW ST $490,000 $473,000 4 2.1 2768 DETACHD 128
3930 SE 70TH AVE $569,900 $494,000 4 3 2848 DETACHD 115
4330 SE RAYMOND ST $450,000 $500,000 4 3 1860 DETACHD 4
3903 SE IVON ST $549,900 $515,000 4 3 3104 DETACHD 60
5032 SE 36TH PL $524,900 $524,900 4 2.1 2165 DETACHD 5
3632 SE WASHINGTON ST $525,000 $535,000 2 1 1958 DETACHD 6
2222 SE 48TH AVE $500,000 $550,000 3 2.1 1626 DETACHD 3
1725 SE 48TH AVE $589,900 $555,000 4 2 2410 DETACHD 23
8512 SE 13TH AVE $599,000 $575,000 3 2 1916 DETACHD 102
6514 SE 42ND AVE $624,900 $594,950 4 2 2204 DETACHD 23
6322 SE 20TH AVE $649,750 $649,750 3 2.1 2652 DETACHD 28
2934 SE SALMON ST $699,698 $685,000 3 1.1 2592 DETACHD 42
1930 SE MULBERRY AVE $799,900 $820,000 3 2.1 2946 DETACHD 5
6243 SE REED COLLEGE PL $1,099,000 $1,019,000 4 3 4133 DETACHD 72
West Portland & Raleigh Hills:
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
7720 SW LINDEN RD $192,500 $192,500 2 2 1922 DETACHD 48
4330 SW 91ST AVE $259,000 $252,500 3 3 3868 DETACHD 192
0831 SW PENNOYER ST $300,000 $287,000 3 3.1 2275 CONDO 82
2335 NW RALEIGH ST #A125 $325,000 $312,500 2 2 1397 CONDO 3
2309 SW 1ST AVE #2141 $349,000 $334,000 3 3 2024 CONDO 48
8245 NW HAZELTINE ST $339,900 $342,000 4 3.1 4204 DETACHD 497
1538 NW BENFIELD DR $350,000 $350,000 6 3.1 3828 DETACHD 84
2625 SW BRAE MAR CT $349,900 $352,000 3 2 2185 DETACHD 24
4614 SW IDAHO DR $362,000 $365,000 3 3 2251 DETACHD 2
2442 NW WESTOVER RD #500 $379,000 $375,000 3 3.1 3606 CONDO 53
1221 SW 10TH AVE #204 $349,900 $375,000 1 1 840 CONDO 7
1001 NW LOVEJOY ST #612 $425,000 $385,000 2 2 1307 CONDO 6
218 SW VERMONT ST $400,000 $387,500 4 2 1860 DETACHD 11
7185 SW SHADY CT $409,999 $390,200 3 3 1761 DETACHD 9
1001 NW LOVEJOY ST #TH802 $399,500 $392,400 2 3 1726 CONDO 13
8540 SW SPRUCE ST $360,000 $400,000 3 2 1200 DETACHD 5
1830 NW RIVERSCAPE ST #705 $419,000 $410,000 3 2.1 2687 CONDO 5
6834 SW 53RD AVE $459,900 $417,000 4 3 3200 DETACHD 37
1221 SW 10TH AVE #513 $420,000 $420,000 2 2 1487 CONDO 4
949 NW OVERTON ST #1007 $399,500 $446,000 1 1 693 CONDO 3
3262 SW FAIRMOUNT BLVD $499,900 $455,000 5 2 4970 DETACHD 367
4908 SW VIEW POINT TER $450,000 $473,000 3 2.1 1822 ATTACHD 20
5131 SW WINDSOR CT $489,500 $481,000 3 2.1 2280 DETACHD 8
1926 W BURNSIDE ST #208 $579,000 $520,000 1 1 701 CONDO 38
2463 NW OVERTON ST $579,900 $580,000 4 1.1 4209 DETACHD 51
3625 SW VESTA ST $635,000 $600,000 3 2.1 1787 CONDO 70
9231 SW 3RD AVE $689,000 $640,000 3 2.1 1695 DETACHD 9
4536 SW BRUGGER ST $649,500 $650,000 2 1 2688 DETACHD 20
1400 NW IRVING ST #412 $749,000 $662,000 0 1 772 CONDO 12
2412 NW BENSON LN $665,000 $665,000 4 2.1 2972 DETACHD 3
8629 SW 59TH AVE $699,900 $699,900 2 1.1 1360 DETACHD 56
5015 SW MAPLE LN $724,999 $700,000 4 2.2 4324 DETACHD 91
633 NW 11TH AVE $749,000 $710,000 3 2.2 3888 ATTACHD 6
12650 SW BOWMONT ST $769,000 $725,000 3 1.1 1288 DETACHD 2
1221 SW 10TH AVE #406 $769,000 $748,500 2 2 1568 CONDO 190
5928 SW YAMHILL ST $814,900 $765,000 3 2.2 1976 DETACHD 142
8345 SW GODWIN CT $864,500 $770,000 3 2 1381 DETACHD 14
8015 SW 46TH AVE $774,000 $775,875 4 2.1 3269 DETACHD 3
2801 SW Troy ST $725,000 $787,000 2 1 1430 DETACHD 5
695 NW FALLING WATERS LN #104 $799,000 $789,000 2 2 1124 CONDO 21
3945 NW SUNSET CIR $995,000 $890,000 5 4 4207 DETACHD 109
1500 SW 11TH AVE #1106 $899,900 $900,000 1 1 603 CONDO 19
4938 SW 37TH AVE $1,300,000 $1,100,000 4 2 2064 DETACHD 81
1651 SW 61ST DR $1,250,000 $1,180,000 3 3 2826 DETACHD 102
5417 SW VIEW POINT TER/Grnd $1,450,000 $1,350,000 2 2.1 1710 CONDO 17
6605 W BURNSIDE RD #155 $1,399,000 $1,350,000 1 1 750 CONDO 0
7208 SW 34TH AVE $1,600,000 $1,400,000 3 2.1 3062 DETACHD 111
820 NW 12TH AVE #210 $3,100,000 $3,100,000 2 2 1175 CONDO 3
1900 SW RIVER DR #N602 $3,599,000 $3,550,000 2 2.1 2007 CONDO 91
NW Washington County:
Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
9245 NW GERMANTOWN RD $219,900 $227,000 2 2.1 1370 CONDO 69
11845 NW STONE MOUNTAIN LN #301 $225,000 $245,000 2 2 1093 CONDO 4
12850 NW MAPLECREST WAY $260,000 $264,000 3 2.1 1472 DETACHD 2
700 NW DALE AVE $310,000 $308,000 2 1 1008 DETACHD 3
10083 NW CURTIS ST $309,000 $312,000 4 2.1 1818 DETACHD 3
9909 NW HOGE AVE $317,900 $325,000 2 1 1349 DETACHD 4
6492 NW WENMARIE DR $335,000 $332,000 3 2.1 1372 DETACHD 10
23586 NW St Helens RD #U18 $357,000 $340,000 2 2 1372 FLTHOME
10083 NW JACK LN $329,900 $340,000 2 2 1368 ATTACHD 5
15091 NW NIGHTSHADE DR $334,800 $355,000 2 2.1 1247 DETACHD 3
3095 NW ITHACA CT $339,900 $357,000 4 2 1380 DETACHD 4
1208 NW 120TH PL $439,900 $433,000 4 2.1 1714 DETACHD 10
16549 NW PADDINGTON DR $439,500 $434,900 4 2.1 2149 DETACHD 7
14859 NW Orchid ST $429,990 $448,932 4 2.1 1642 DETACHD
2550 NW PARNELL TER $479,000 $469,000 4 3 2210 DETACHD 56
2015 NW 156TH AVE $474,900 $470,000 4 2.1 2636 DETACHD 4
16140 NW PAISLEY DR $474,900 $484,050 4 2.1 2559 DETACHD 4
10020 SW MORRISON ST $499,999 $489,000 2 2.1 2082 ATTACHD 5
12185 NW MCDANIEL RD $500,000 $500,000 4 2.1 2672 DETACHD 0
3305 NW 153RD TER $555,000 $535,000 4 3 2646 DETACHD 81
15693 NW SAINT ANDREWS DR $659,000 $599,000 3 2 2236 DETACHD 46
6583 NW 165TH AVE $715,000 $702,000 5 3 3512 DETACHD 36
15149 NW Marie WAY #271 $733,957 $733,957 4 2.1 3648 DETACHD
5309 NW 133RD AVE $749,900 $756,000 6 3 3502 DETACHD 15
13357 NW GREENWOOD DR $799,900 $799,900 5 3 3492 DETACHD 19
13380 NW LOMBARDY DR $839,900 $839,900 5 4 3653 DETACHD 11
3448 NW 123RD PL $859,900 $845,000 3 3 3630 DETACHD 43
13458 NW LOMBARDY DR $979,900 $1,014,999 5 3 4016 DETACHD 5

Fall Bennies

Linda Rossi – October 13, 2016

I Love fall in Portland. While leaves are turning brown, red and yellow, some flowers are at their peak! I planted these mums in this large pot on my deck years ago…look what we get every fall! They’re almost as tall as I am.

What’s Fun in the Portland Outlying Areas

Linda Rossi – October 10, 2016

I took a few hours of restful fun w/friends and drove up the Columbia River Gorge to the Hood River Valley for the annual fall Fruit Loop! I disciplined myself to come home with just one luscious bag of Comice Pears…but my friends took home boxes of apples, squash and all kinds of local produce! Here we stopped for more fruit, and I explored the waning Dahlia Fields.

Find Your Dream Home in Portland. Oregon

Linda Rossi – October 10, 2016

There are so many different kinds of homes out there to choose from, and so many questions to ask yourself: Do I want to live in Portland or one of the outlying neighborhoods? Which of the outlying or inner-Portland neighborhoods would best fit my lifestyle & commute needs? How many bedrooms and bathrooms would I prefer? Older charm or newer build? Do I need a large/small/fenced back yard? Do I even need a yard at all? Hardwood floors, tile, carpet… There are so many things to consider when looking for your dream home.

How, then, do you find the right home for you?

***The answer is to put me to work for you. That is what I do for my clients. Completing my basic Dream Home Finder I can immediately go to work for you. Of course you can take advantage of my Quick Search and my Advanced Search tools to surf through all the homes for sale in Portland, Oregon or the surrounding areas. By completing the Dream Home Finder, I can use additional resources at my disposal to locate homes for sale that may not be available in the public view. In addition you are a busy individual and my passion is to work for you to find that dream home and schedule tours for you. By working together as a team with your dreams and my resources, finding that dream home is only one tour away. It is my passion to find you that one right tour.

I Upgraded My Website!

Linda Rossi – October 6, 2016

Welcome to my new and improved real estate website. I invite you to look around and see what is available. As your Portland, Oregon real estate expert I can provide you will all of the information to accomplish your real estate goals.

Looking for a new home for yourself or your family: Quick Search
Know exactly what you are looking for in your new home: Advanced Search
You want me to find your dream home for you so you do not have to do the searching yourself?: Dream Home Finder
Thinking of selling your home? Let me go to work for you and find out your home’s exact value: FREE Market Analysis
Save your search!
Saving your search is an important step if if you would like to be able to quickly refer back to your search at a future date. More importantly I will be able to quickly notify you directly of any new listings that come available on the market that match your search criteria. The beautiful thing is that you can make as many of these saved searches as you would like.

First, you must be registered on our website. This is easy. It only requires your first and last name, an email address and a password. Register Here. To save any search, simply perform a search using the Quick Search or Advanced Search, click on the “search” button, and then click “save search”, which is located in the top right hand corner just above the search results. This will prompt you to title your saved search and provide you with the option of being notified by email. Check the box to be notified by email of new listings that match your search.

To look at or edit your saved searches, you must be logged in. On the homepage, top right hand corner is where you can view your saved searches. Click this link and you will then see all the searches you saved, you can delete them, edit the email notifications and more.

If you would like any assistance, please do not hesitate to Contact Me or call me directly at 503-318-2116

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 Weekhow 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 -  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

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© 2015  Finance of America LLC I  I  Equal Housing Lender  cid:image003.png@01D16E57.477735A0 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

Tips & Tidbits

Tips & Tidbits

 

Tips & Tidbits

I find that lots of Buyers are a bit confused about Earnest Money and what its purpose is, how they might be at risk for losing it, etc. It is basically to compensate the Seller for taking their home off the market in the event you violate the terms of your Sale Agreement, but there are nuances to it in addition to that. Here are a few pieces of info & pointers in that regard:

A Few Notes About Earnest Money:

  • Earnest Money is a deposit you make at the time you make your Offer. This is to show that you are “earnest” or serious about your Offer, and to compensate the Seller for removing their property from the market  (while you perform your inspections & due diligence)  should you violate the terms of the Contract/Offer/Sale Agreement.
  • Talk to your Realtor about how much an Earnest Money Check should be….  It varies from situation to situation. The ultimate choice, however, is yours. A substantial amount of Earnest Money can demonstrate to the Seller that you are serious about the purchase, and shows a certain amount of stability, though this is not necessary or even advisable in all circumstances.
  • Earnest Money goes toward your closing costs & other transactional terms. It is held usually by Escrow as your neutral 3rd party and applied to the bottom line of your transaction, generally speaking. By virtue of its definition as Earnest Money, its NOT an additional fee.
  • There are several ways for a Buyer to cancel a sale and receive their Earnest Money back (during specified & agreed-upon timelines & specific acceptable reasons that are all outlined in the Offer itself). This action is not to be taken lightly, and/but, there are definitely provisions for it.
  • The Earnest Money check (a photocopy of it) accompanies the Approval Letter, a Cover Letter your Buyer’s Agent will create, and the Offer when your Realtor submits it to the Seller’s Agent (at least… that’s how   always do it).  In the event you are unable to physically hand your Realtor a check prior to when you want to get your Offer in to the Seller, you may have the option of using a Promissory Note redeemable/sent to Escrow in check form within a specified number of days following mutual acceptance of your Offer.  ***I advise my clients that a check is always preferable. A photocopy of it going along with your Offer makes a statement to the Seller that you are serious. This is especially true in a competitive situation. Again, though, each situation is different. Discuss YOUR best options with your Realtor.
  • Carefully study the Sale Agreement (Offer) wording to make sure you understand how and under what circumstances you are allowed to have your Earnest Money returned, and under what circumstances you are not. Basically, staying within outlined timelines and giving notice in writing within those timelines assures your Earnest Money is protected. It is important that, with your Realtor’s assistance and advice, you stay on top of timelines as outlined in the Sale Agreement. ***Bring ANY questions you may have to your Realtor’s attention.

I hope this information was helpful!

Very Best,

Linda