All rights reserved © The Lents Neighborhood
Getting to Know SE Portland NeighborhoodsThe Portland Metro area has five main quadrants: All Portland neighborhoods and areas are diverse and offer residents unique living.
The Lents Neighborhood in SE Portland being one of the many that make up the SE Portland quadrant.
The Lents Neighborhood was originally built in 1912 on the (then) outskirts of Portland. Lents in SE Portland was originally platted as the Town of Lent by Oliver P. Lent (1830–1899) in 1892. The Lents neighborhoodis located approximately 6 miles from Downtown Portland in the SE area and is in the 97226 Zip Code. In recent years, Portland has seen the potential value of the Lents neighborhood and established it as an Urban Renewal Area, which allows the city to bond on future increases in property tax revenues to fund capital projects throughout the Lents Town Center Urban Renewal Area. Many new homes and businesses have been established and more are planned. The MAX light rail system has been expanded southward from the Gateway hub, along I-205 to the Clackamas Town Center. ~~ Wikipedia.com Future Plans and Urban Renewal for Lents NeighborhoodThe PDC is working in Lents to:
What Are The Current Demographics of the Lents Neighborhood?
Homes for Sale in the Lents Neighborhood(all data current as of 2/2/2012)
Map of the Lents Neighborhood
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
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The social media phenom has been going on for a few years now. The "linked," "liked," "circled," "friended," "followed" "connected" is the way we interact with our on-line friends, family, business associates, etc. I get that. Last week I accepted a request in Google and added this person to my "Circle." I didn't really know him, but my computer said that we had twenty-five gazillion friends in common . . . so who am I to disagree with my computer? It even showed me some of our mutual friends profile pics. When I added him to my "circle" I was allowing him to swim in my stream. This week I deleted him. Ignored, unfriended . . . OMIGOSH I can not keep up. But he was g-o-n-e. Why? Because he posted something which appeared on my stream and what he posted was just this side of porn. I'm sure the twenty-five gazillion of our mutual friends got the same post in their stream too. If you're not checking the "newsfeeds," the "streams," the "links," the "tweets," the "twits," for those people you've "friended" "followed" "linked" "liked" "circled" . . . you are allowing people to phish in your stream Perhaps it's because I'm older now and feel like saying "HEY you kids . . . get off my lawn." I actually don't want to see a bootilicious woman streaming on my site with an invite to come and party at the after-hours club, thank you very much. I don't care that my computer told me we have twenty-five gazillion friends in common. Maybe because no one checks people anymore . . . but I'm no longer taking the word of my computer that we have people in common. I don't care! If someone is hocking a product I'm not comfortable with, I'm going to ignore their request. If I see them phish in my stream about something I'm not comfortable with, I'm deleting . . . and our twenty-five gazillion mutual friends can have you pollute their sites with this crap, but I won't. My social media is now like a garden I've got to tend to . . . and weed periodically. ANNOYING!!
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
All rights reserved © The Offer That Broke the Listing's Back Part of being a good Buyers Agent means representing the buyers in a purchase. For any real estate agent working with buyers, we all know that sometimes buyers can have unrealistic expectations. This post is about an offer that broke the listing's back. A property came up on the market as a new listing. It was in the exact location the buyers were looking in, had the amenities they desired and met the other wants/needs. So I sent the listing over. The buyers agreed it was a tour-worthy property. They liked it! We toured the property three times and they decided to write up an offer. Now, the history of the property . . . it had been on the market over 6 months. It had several price drops and then the listing expired. It was relisted with another brokerage with the new price . . . and that's when it popped up on my radar. The history showed that in the 6 months it started off as an over-priced listing. The new listing agent priced it right, IMHO. It was getting activity now. It showed well, and again, the price was right. When the buyers made their offer . . . the sellers didn't like it. Even when I mentioned that this was priced well and they shouldn't be so focused on the list price but rather their closing costs. They were expecting the sellers to come off list and pay closing costs. I wrote up the offer per buyers' instructions. The sellers countered. And before we could even respond to their counter, the sellers did something I've never experienced in all my years as a licensee: They pulled the property OFF THE MARKET! The listing agent notified me: The sellers were pulling the listing off the market! They had had enough! From having the property on the market over 6 months, reducing the price, engaging a second agent, receiving the offer from the buyers . . . they were done. Even though they countered, they pulled it without further option for the buyers to counter or engage in further negotiations. The sellers decided they would rent the home and they would hold on to it. In the years to come, when the market appreciates at 3-4% per year (which is the norm for the area), they will be the ones to see the appreciation. Inventory is down about 25% in my market. This property matched the buyers wants/needs to a tee. They lost this house because their offer broke the listing's back! The sellers didn't even want to negotiate. They were DONE. Unfortunately, he buyers' offer was their . . . last straw!
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
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Portland Real Estate Absorption Rates
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| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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Featured Beaverton Property of the Week - Great for First Time Buyers
As an Exclusive Buyers Agent my brokerage, EBA Portland, LLC does not take listings. I don't have any office listings to feature. But, each week I try to post a Featured Property. What makes this Beaverton property a good pick for first time buyers? Location, condition, and . . . price.
I'm featuring this property in Beaverton because it would make a great first home for first time buyers! Located in Beaverton in zip code 97008. It's a Fannie Mae foreclosure.
For those first time buyers looking for a nice property in Beaverton, this one might be a good candidate.
Nice Beaverton Home In First Time Buyer Price Range
The listing agent works with foreclosures and gives me a head's up on properties. This sure seems like a nice property in Beaverton, very suitable for a first time buyer.
Looking at properties to feature, this Beaverton home is in a good price range for first time buyer's in the Beaverton market.
The Basics on this Beaverton Home
- 3 bedrooms / 2 full bath
- Dining room, living room & family room
- Kitchen with eat nook
- Vinyl Windows
- One-level living
- Year Built: 1975
- 1,574 sq. ft.
- .28 acre lot
- Zip Code 97008
- Taxes: @$3,350/year
- Price $214,900
The Updates That First Time Buyers WON'T Have To Do
- Freshly painted interior & exterior
- Roof work including roof cert
- New carpet and flooring
- New kitchen appliances & counter top
Beaverton School Information
Great Home for First Time Buyers in Beaverton
EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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Portland Real Estate | Market Report Dec 2011
This is a Portland Real Estate Market overview for the month of December 2011.
The market seems to be doing fine. But what this graph indicates is the pattern of listings . . . which are down for the month. Matter of fact, listings have been off about 25% from last year starting in June 2011 and continuing to drop the remainder of the year.
Last month's report, Portand Real Estate Market report for November compared the new listings, pending sales and closed sales and indicated a drop of new listings for the month of November being down -18.1%
View Portland Real Estate November REPORT
What This Means for December 2010 vs. December 2011 MEDIAN Sales Prices?
Keeping with the <$18,400> difference between December 2011 vs. December 2010 the MEDIAN SALES PRICE in the Metro Portland Housing Market has also slipped:
December 2010 - Median Sales Price: $230,000
December 2011 - Median Sales Price: $216,600
The Median Sales Price in the Metro Portland Housing Market in December 2011: DOWN -5.8%
What the Numbers Say:
- New Listings - DOWN -11.7%
- Pending Sales - UP 19.3%
- Closed Sales - UP 10.3%
Absorption Rate
The absorportion rate of Portland real estate indicates 5.3 months of inventory in December
- Sellers Market: 1 to 5 months supply of homes
- Neutral Market: 5 to 6+ months supply of homes
- Buyers Market: More than 6 or 7 months’ supply of homes
Listings DOWN -11.7% in the Metro Portland Housing Market
Again, this is based on December 2010 compared to CURRENT December 2011. What this tells me is that:
- Sellers are NOT listing their property
- Sellers are NOT selling and moving-up
- Buyers ARE out
- Buyers ARE closing transactions
- Buyers ARE not pushing pricing upwards
Portland Real Estate Market Time is Holding Steady
For both December 2010 and December 2011 the Average Days on the Portland Real Estate Market is: Approximately 145 days Median: Median is a mathematical result that indicates that one half of the group is higher and one half lower. Average: All sold prices are added together into a sum, the sum is then divided by the number of houses that sold.
Additional Portland Market Reports
EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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How Was the Portland Real Estate Market This Year?
It used to be that we'd say "I wish I had a dollar every time . . . " Now with inflation I wish I had $10 every time someone asks me "how was the Portland real estate market this year?"
The year started out slow, with the first two months showing only about 1,000 properties closed for both January and February.
What Where The Strongest Months in the Portland Real Estate Market 2011?
June seemed to be the strongest month for monthly solds. 1958 properties closed in the Metro Portland Market which correlates to the absorption rate for that month at 6 months supply of inventory.
May and August 2011 were strong months for PENDING sales in the Portland real estate market.
With May 2011 have strong pendings, there's no wonder June showed strength in closed sales. However, it didn't hold try with August pendings to September solds.
Listing Inventory DOWN in Portland
New listings to the Portland Real Estate Market were the strongest in May and then steadily dropped off the remainder of the year. I wrote an article about this in October 2011 Portland Real Estate Inventory Down.
Additional Portland Market Reports
EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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Today we are observing Martin Luther King Day, a Federal holiday in the United States of America.
The impact of his movement was lost on me when I was living through it as a young girl. I was 9 when he was assassinated and not into current events. His death clearly impacted my Mother terribly . . . and that impacted me.
It was a Thursday, I remember because we had choir practice on Thursday nights. I sang in the church choir.
The following Sunday, as a request to our Pastor, a special collection plate was passed around to collect donations for Dr. King's family.
My Mother was on the Altar Guild at that time and she was responsible for the collections and tithes.
After church that Sunday my Mother was clearly upset. I had rarely seen her cry, and she was crying . . . in Church. It was upsetting to see my Mother cry and I asked what was wrong and why she was so upset. She told me that someone had written a note and placed in in the collection plate which was circulated for donations. She told me, through tears "Someone wrote 'It serves him right, the black devil.' "
THAT impacted me . . . and I'll never forget the hate that was in that note which was placed in CHURCH! It made my Mother so upset because it was her suggestion that this donation be taken up. It was NOT her intention to have to see this type of hatred, bigotry and prejudice in church. But there are a lot of people who hate . . . there is nothing new under the sun. And because I saw my Mother cry, I remember what sadness she felt as a result of people's disdain for one another.
I SEEK HIGHER GROUND!
Last year I posted a really interesting article The Rev. Dr. Martin Luther King Jr. And a Knight in Tunisia. I went back to read it today and WOW look at what happened in the months to come.
I stumbled on a project called "Playing for Change" and it's fascinating. I thought this was a good day to share it. Musicians from all around the world are synced together in a jam session. Pretty interesting use of technology.
The Playing for Change project has covered a lot of songs. Their cover of Mick Jagger's (The Stones) "Gimme Shelter" is great. But, for today, I thought their cover of Stevie Wonder's "Higher Ground" was befitting.
People playing for change . . .
a blues guitarist from Livorno, Italy, a tabla percussionist in Chinnai, India, vocalists in Paris, France and Amsterdam, Netherlands, the sounds of Detroit, MI are represented and Los Angeles. Musical instruments from Tokyo, Japan to Sao Paul, Brazil, to Mali to Senigal -- that I have no idea what they're called -- ancient traditional instruments and worn guitars to new Yamaha drum sets . . . all blended together to bring you "Higher Ground"
"I'm so glad that he let me try it again
Cause my last time on earth I lived a whole world of sin
I'm so glad that I know more than I knew then
Gonna keep on tryin'
Till I reach my highest ground
Till I reach my highest ground
No one's gonna bring me down
Till I reach my highest ground
Don't you let nobody bring you down (they'll sho 'nuff try)
God is gonna show you higher ground
He's the only friend you have around"
Turn up the volume:
EBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate |
503-810-7192 | BuyersAgentPortland.com
Office Phone: (503) 810-7192
Cell Phone: (503) 810-7192
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