Current & Local Real Estate Market Conditions

 

Market Action Reports – October 2017

Clients and Friends, The 3rd Quarter Affordability Index (last page of the Market Action report) shows that properties in the greater Portland metropolitan area are the least affordable they have been in the past 10 years. This is not surprising. Ten years ago, at this time in 2008 we were crashing for the second time. The […]

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Market Action Reports – September 2017

Clients and Friends, We always expect our September numbers to be down (along with August). We always expect our October and 4th quarter numbers to go up. This Fall we seem to be following the normal pattern which we trust will be good for our end of year quarter. The September numbers are in and yes, […]

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A Balanced Marketplace – Market Action Report

Clients and Friends, The August sales in this report show the closings for transactions that were mostly initiated in June (a few in May; very few in July) at the peak of the year’s sales, and at an escalating time of the year. These numbers are not impressive (in spite of the nonsense real estate commercials you hear on […]

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Portland still best value on the West Coast – Market Action Report

Clients and Friends, This report ends the second quarter. We have moved from relentless rain to relentless sun. Paralleling that, our markets have moved from deflated sales and we are getting back to normal sales. It has been an unusual marketplace this year and I characterize it as unpredictable (like the weather). What happened to […]

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Climbing Home Prices – Market Action Report

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 […]

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April & May Market Action Report: Marketplace Coming to Life

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… […]

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Market Action Report for Feb 2017 – Portland Metroplex including Yamhill County

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 […]

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An Anniversary Tribute

By all expectations this should be a sad day, a memory of a painful failure, a tragedy out of our control, a reminder of cruel times. It is instead a memorable and very special day for which we will always be grateful. THE IDES OF MARCH IN 2007 were exciting and euphoric. Months of wondering, […]

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Brokerage Statistics | Rising Above in Yamhill County

The numbers from RMLS tell it all… Bella Casa is the top Yamhill County real estate brokerage for three categories: 1) Total sales volume, 2) Number of listings sold for sellers, 3) Number of properties sold to buyers. Thank you for your trust and continued confidence in our exceptional local brokers in 2017!

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Active Listing Season Begins Now – Market Action Report

Friends and Clients, I just checked the 10 day forecast on this last day of February; another 10 days of rain forecast! Our weather this winter is the main topic of conversation- even in this hot political climate. Incessant rain, numerous snow events, and especially the ever present sub-freezing temperatures, have worn-down even the heartiest […]

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