Thursday, September 6th, 2012 at 2:42pm. 3580 Views, 0 Comments.
showed some improvement when
comparing July 2012 to the same
time period in 2011.
Offers increased 3.0%
comparing with July this year and last
from the previous month this year.
The pending sales numbers are the
highest since 2009 for
the month of July.
Sales increased 6.5%
since July 2011
and a 1.5% increase compared to
June 2012. Year-to-date
closings have increased 5.3%
when comparing the first seven
months of 2012 to 2011. July also
Inventory in months is unchanged
from the previous month and is
holding steady. At the July rate of
sales, the active listing count of 2,628
would be exhausted in 5.4 months.
This continues to be the lowest
inventory in Clark County since
June 2006 when it was 4.7.
Thursday, September 6th, 2012 at 2:37pm. 3957 Views, 0 Comments.
Why a Duck??
The University of Oregon Ducks have set off in pursuit of another Pac-12 title in 2012. It started when they beat Arkansas State on September 1. If you aren't a fan yet, it’s time to become one.
If you watched the Ducks play in the 2012 Rose Bowl, you saw a great win.
Few outside of the immediate area paid much attention to the Oregon Ducks until recently. Now that the team is playing consistently great football, the rest of the football world has taken notice.
Oregon's program is cutting edge, and there is every indication that the most exciting football in the country will continue to be played by the Oregon Ducks.
Monday, August 27th, 2012 at 9:30am. 5074 Views, 0 Comments.
Wednesday, August 22nd, 2012 at 11:03am. 23207 Views, 2 Comments.
Many of my clients ask me for referrals for qualified home inspectors that I have used in the past. I always give my clients a choice of three different home inspectors that my previous clients have had success with. If they decide to find their own, this is the advice I like to give them when looking for a qualified home inspector. This is a crucial decision; there are some many aspects of the home that need to be fully inspected to insure that they are purchasing a sound property.
What are the inspector’s qualifications?
The National Association of Home Inspectors is a great resource to find out the background of the inspector and other involvement within the industry.
What is their experience? Do they specialize in residential inspections?…
Wednesday, August 22nd, 2012 at 9:00am. 6487 Views, 0 Comments.
Many people come through my website searching for real estate all over the Portland area. I received a lead one morning and I promptly responded to their questions and started helping them with their new home search. They are a husband and wife and they have two small girls. Since they were relocating from Syracuse New York, they wanted to find a home in the 400-500k range near Intel in Hillsboro. So I began my search and after months of sending them properties they contacted me to go visit a listing in the Century High School District. This particular property had all the wonderful interior features that they wanted but the backyard was extremely small. In the Syracuse area where they lived prior to moving here, they have much larger plots of land.…
Saturday, August 18th, 2012 at 12:50pm. 4032 Views, 0 Comments.
The Portland Metro residential real estate market improved slightly in July. All measures are better than last July but down slightly from last month. There were 2,372 accepted offers and 1,973 closed sales. This was the highest number of closed sales in July since 2009. The unsold inventory in months ticked up slightly from 3.9 in June to 4.6 in July and is lower than any July since 2006; it would take only 4.6 months to sell the 9,041 active listings at the July rate of sales. Sale prices were up 7.8% from last July and up 1.2% from June.
Mortgage rates rose slightly but still remain near record lows.
Please feel free to call or e-mail with any questions. I am available at your convenience.
Friday, August 17th, 2012 at 5:54pm. 4105 Views, 2 Comments.
If you are a first time homebuyer, looking for a home without a 30 year mortgage or even a downsizer, manufactured homes could be your answer. These homes no longer come with the stigma of " trailer living". Manufactured homes are energy efficient, cost effective and affordable alternatives for people who want a home with a smaller lot, less upkeep and in a safe community. They are built in-doors, out of the elements which starts the process with dry products. These are built to code specifications for different areas of the country. Most homes are now built with vinyl dual paned windows, 2x6" walls which hold more insulation and are incased in vapor barriar materials to keep the home dry and energy efficient. They come in all sizes,…
Monday, July 23rd, 2012 at 2:20pm. 4683 Views, 0 Comments.
June Portland Residential Real Estate Recap
All residential real estate indicators were positive in June 2012 when comparing them with a year ago. There were 2,435 accepted offers, 21.7% more than reported in June 2011, although down slightly (-3.4%) from last month.
The 2,244 closed sales represent a 14.6% increase over the same month last year, when 1,958 were recorded, and 7.0% more than the 2,098 sales in May. This represents the highest number of closed sales since August 2007 when there were 2,554 closings.
The unsold inventory in months dropped again in June and continues to be the lowest it has been since March 2007 when it was 3.8. It would take only 3.9 months to sell the 8,799 active listings at the June rate of sales.
Home sale price…
Monday, June 25th, 2012 at 8:38am. 5847 Views, 1 Comments.
A June 21st Oregonian news headline, “Tight Portland-area housing market brings stiff competition, bidding wars,” sums it up.
This weekend I had the opportunity to make an offer for clients of mine who had been watching the market and waiting for “the one.” On Thursday, the same day as the article in the Oregonian, a home was listed for sale on a nice neighborhood street in Lake Oswego. On Saturday, two days later, my clients saw the home and fell in love! It was the one. Immediately after seeing the home they wanted to make an offer. I called the listing broker and learned there were already 5 offers!
During my call with the listing broker, I gathered as much information as possible about the owner and the owner’s motivation in moving and…
Tuesday, June 19th, 2012 at 3:44pm. 5738 Views, 1 Comments.
Most sensible people would think that as home values decrease their property tax bills should too. Unfortunately, this is not often the case. In most cases, property taxes will increase in 2012 regardless of any real market value decline of their property.
While market decline may reduce a property’s real market value property taxes are based on the assessed value of the property. In most cases, assessed values are significantly lower than the market value. Taxes will only be reduced if real market value falls below assessed value. Taxes are based on the lesser of the two amounts.
Passed by Oregon voters in 1997, Measure 50 increased the predictability of tax rate increases with slow steady growth in property taxes, reducing the influence of sharp…