Category Archives for Market Statistics

Clients and Friends, Prices continue to climb even while we wrestle to understand the changing market conditions. Overall, in the Portland Metro Area (including Yamhill County), average and median prices are high and climbing- each at 10.7% comparing the last 12 months with the 12 months previous to that period. Prices have been rising since […]

Clients and Friends, It happens at least one month every year… the workload becomes so intense that it takes me two months to find time to put out the Market Action Report. That is not necessarily bad news! It is a good problem to have (compared to the famine years) but it is still a problem… […]

Clients and Friends, I have now been annotating these reports and sending them out with additional custom information for 10 years! In 2007 we charted the escalation of the marketplace and we all wondered how young people were ever going to afford their first home! For the next 7 years we bemoaned a crashing and […]

Friends and Colleagues: The Market Action Reports of December 2014 cap a second successful year of real estate recovery (for Portland, a 3rd year). There is something good in these pages for everyone to celebrate. The market conditions in the best of these areas reflect the volume and pricing of the top of the market […]

Have you noticed the boom of new construction in Yamhill County? In McMinnville’s West Valley there is an entire sub division under way, and many formerly empty lots throughout the county have new homes for sale. This Oregonian article suggests Portland is not keeping up with demand for new homes: http://www.oregonlive.com/business/index.ssf/2014/10/is_portland_building_enough_ne.html. Perhaps this lack of […]

Welcome to 2014; we wish you and yours a prosperous New Year! Many people are wondering what to expect in local real estate during 2014. For our local markets in the greater Yamhill County area, these are my expectations, some concerns, and even some wishes. Let’s start with a simple overview of last year. Summary […]

Clients and Friends, 2013 began with promising news for the local housing market this year. We now regularly see statistics that are better than any year back to 2007 when the market was white hot. The January 2013 Home Sales Report reveals that closed sales and pending sales outperformed any of the past 6 years. […]

Those who fail to adapt to changing market conditions always get burned. Buyers got burned in the market escalation before 2007 (a ‘seller’s market’). Sellers often got burned for not adjusting quickly enough during the five year housing crash since 2007 (a buyer’s market’). The market is changing again and buyers are at risk. Mortgage […]