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

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

Every month those with an interest in the Portland real estate market eagerly wait for reports to come out.  RMLS Market Action is published mid-month and Case Shiller is released on the last Tuesday of the month with a three month lag.  Our Market Tracker report is emailed out on the first Sunday of every… Continue reading Portland Neighborhood Real Estate Market Stats

Real estate is serious business.  It’s the largest financial transaction that many people will make in their lives.  That said, there’s a light side too.  I’ve created a “real estate humor” category and will try to make it a regular Sunday feature.  Today we have “How to Buy a Bank Owned Property” from some robots… Continue reading New Category: Real Estate Humor.

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?

In 2008, the Case Shiller Index in Portland dropped from 178 in January to 158 by December.  The real estate market was falling while the 2008 Street of Dreams homes were being constructed in Happy Valley.  There were six homes in the 2008 show.  Two sold, two are actively listed and two were taken off… Continue reading Portland Street of Dreams: Now and Then

PortlandMaps now shows a third permit for the 2010 Street of Dreams on Creasp Lane.  The show is in August: “The 2010 homes will be more moderate in size and price, but still emphasize luxury living and innovative building and design. They are expected to range in price from $750,000 to $900,000 and in size… Continue reading PortlandMaps Shows 3rd 2010 Street of Dreams House