Current & Local Real Estate Market Conditions

 

Winter Report on the Portland Area Real Estate Market

The real estate markets in our area delivered a very nice Christmas present to us this year. Year-to-year comparisons with 2014 (a decent year of recovery) show dramatic changes for the better. While we have nothing to complain about by comparison with the great famine years which began in 2007, this month’s reports show some […]

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Fall 2015 Season Sales are Brisk, Consistent, and Predictable

While we are experiencing the normal annual cycle with gently slowing sales during the fall and winter months, we can now conclude that we are not going to experience the sharp setbacks we have seen during the latter months of the previous few years. Those months saw sellers lowering their prices and negotiating more aggressively […]

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September Dip Still Sets a September Record

September Dip Still Sets a September Record

Clients and Friends, This email is primarily about the September reports but I have included the main August report which I missed last month. The return to normalcy in our local markets this year meant that we could take a good vacation and take time out from working our business to catch-up on work at […]

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Summer Real Estate Market Soars, Prices Still Affordable

Clients and Friends, The market conditions in the greater Portland area continue to defy gravity, setting new record highs for the Regional Multiple Listing Service. Particularly in Portland, we have left the top of the market far behind. July improvements over last July range from 25% and 30% everywhere, even in Yamhill County. We are […]

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Positive and Promising Sales Figures – June Market Action Report

All of the real estate sales numbers throughout the Portland Metro area including Yamhill County are positive again. The Closed Sales graph shows that the trajectory of the year remains strong and well above the last 5 years. Most notably, there is currently only 1.6 months of inventory at the current rate of sales. Improvements […]

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Rising Home Prices in Yamhill County – May Market Action Report

Rising Home Prices in Yamhill County – May Market Action Report

The May Market Action Report tells us that average and median sale prices have risen above the top-of-the-market prices in mid-2007 (reporting figures for Portland metropolitan including Yamhill County). Portland again is very expensive and demand from people moving to Portland from out of state is driving the pricing sky-high right now. However, remember that […]

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It’s Officially a “Seller’s Market”… April 2015 Real Estate Market Action Report

It’s Officially a “Seller’s Market”… April 2015 Real Estate Market Action Report

Clients and Friends, Good news again! If you are a seller in Yamhill County, we are officially a ‘seller’s market’ for the first time in 8 years! We have 3.3 months of inventory. Remember, this is an average for a massive county; local conditions can vary, but this has been a long time coming. Sellers […]

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End of 1st Quarter Market Report – Housing Recovery

Clients and Friends, It is time to declare the housing market in our area recovered (but perhaps never the same again?). Portland is white hot. We are doing quite well, and the recovery has finally reached all areas and property types in our geographic area. Summary of Recovery: Late July of 2007 ushered in the […]

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Market Action Report for January 2015

Clients and Friends, Last January we were wondering what was happening to our housing recovery. By the end of the first quarter we knew the housing market was in a major funk and the numbers were discouraging for us and our clients. We later learned that the phenomenon was national and limited to the first […]

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Year-end review – Market Action Report

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 […]

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