Is the distressed property era over? In Portland, the answer appears to be, “yes” but keep reading as to why that’s not entirely true. “Distressed Properties” are those that are either short sales or bank owned (also know as REO- Real Estate Owned) In October 2011, I wrote that 20% of all active listings in… Continue reading Is the Distressed Property Era Over in Portland?
It’s here! RMLS December Market Action. Without further adieu, here’s the punchline: Month-over-month, the average sale price increased 8.3% when comparing the month of December 2007 with that of December 2006 and median sale price increased 1.1%. Surprisingly, at least to me, 2007 condo appreciation is listed at 13% over 2006 prices and that follows… Continue reading 2007 Year End December Market Action
You’ll have to look pretty hard for good news in the October 2010 RMLS Market Action. One bright spot is that there is an increase in the number of closed transaction through October 2010 compared to 2009. This is coupled with a decrease in the number of pending transactions. It means that fewer transactions are… Continue reading October 2010 RMLS Market Action
Yesterday’s post was about the Portland Metro RMLS Market Action report for January. Last April I started tracking how the five RMLS areas that make up the City of Portland track compared to the five country Portland Metro area that the report covers. City inventory is 10.0 months compared to Metro’s 11.3. “West Portland” which… Continue reading Portland Real Estate Listing Inventory
Writing for me is like going to the gym. Love doing it but get out of the habit and it’s hard to get back to. Today’s release of RMLS Market Action should get me back in the groove. Inventory is four months lower than it was this time last year. That partially because there are… Continue reading Portland housing market resolving for better 2012?
The Portland State University Center for Real Estate recently published their Quarterly & Urban Development Journal 2010 First Quarter report (76 page pdf).
The February RMLS Market Action report on the Portland real estate market came out this morning. When I ran the Multnomah Country report yesterday I said that I thought that inventory would remain fairly static as there is an increase in listings and an increase in activity. Note the importance of methodology: my report shows… Continue reading RMLS Market Action February 2010
Yesterday I wrote about a property tax reduction scam that is being investigated by the state’s attorney general. For $189.00 the letter says they will file for a reduction on your behalf. So what is involved in filing for a reduction (note that this is not tax or legal advice). Google sends us to this… Continue reading Portland Property Tax Scam Part 2
We’re not in 2007 anymore. Case Shiller Index numbers for Portland real estate were released this morning. Since the market peaked in July of 2007 Portland has given back 27.7% according to the Index. The Case Shiller Index was set to 100 in 2000. Portland, at 135.8, is still well ahead of that but Las… Continue reading Portland Case Shiller January 2011
This years Street of Dreams is billed as having houses under $1,000,000 in Northwest Portland. Last year’s show was nine condo units in the Pearl District. Whatever happened to them? The three Waterfront Pearl units were taken off the market when the building was turned over to the lender in a Deeded in Lieu of… Continue reading Portland 2009 Street of Dreams: Whatever Happend To?