Making a Comeback - 02/26/08 06:16 PM
A classic home style in the Portland area is enjoying a renaissance.  Tudor-style homes can be anything from three-bedroom bungalows to huge mansions but builders haven't been going with the Tudor design since the 60's, that is until now. 
They've previously been found in some of the older neighborhoods like Alameda and Grant Park and some of these have been renovated, but you can also find brand new construction with the same elements.  Half-timbered stucco, diamond-pane windows, oak floors, French doors, wrought iron railings and dark wood built-ins are some of the details that help define a Tudor home, and the … (0 comments)

The Declining Market - 02/26/08 02:33 PM
According to a survey released Tuesday, the decline in residential real estate became even more aggressive though the end of 2007, and home prices in 20 key markets plunged to an average of  9.1% for the year.
The S&P Case/Shiller Home Price index has been around for 20-years and in that entire time there has never been a more extreme decline in home prices then there was in 2007.  Even during the 1990-91 recession, home prices fell 2.8%.  All metro areas are now reporting at least four consecutive monthly declines.
20 metro areas were examined and all but three posted declines for … (0 comments)

The Market Today - 02/22/08 12:43 PM
What is the current Home Inventory?Unfortunately, our beginning of the year weather was tougher than Portlanders are accustomed to, and they largely decided to stay in rather than go out and look at homes to buy.  Therefore, our home inventory balooned in January to 12.8 months, the highest recorded level since hitting a high of 10 months in January 2000.  (Historically, the month of the year with the highest home inventory is January, so things should improve from here.)  Keep in mind though, if you're looking in a price range much lower than the average home price for that area, then … (0 comments)

Women in Real Estate - 02/22/08 12:41 PM
For some reason or another, real estate has always been one of those professions that women have had little trouble breaking into.  In fact the National Association of Realtors puts the number of all female sales agents at 65%.
What is really impressive though is the number of women at the top of the real estate industry.  The 2008 edition of the Swanepoel Trends Report is referring to management, and not even at middle management levels but executive levels. Women are taking over the very top spots of the real estate world, and this is just the beginning. 
Hopefully this … (0 comments)

Where To? - 02/21/08 05:19 PM
As we all know, Oregon is a fabulous place to live.  Surprisingly, not everyone is aware of this fact.  Of course not everyone is in the dark, Oregon grew by 33,314 people in 2006.  149,838 actually moved here and 116,524 moved away for some reason.  In fact, so many people move here every year that half of us came from someplace else.  But where are we coming from?  
On the East coast they are still oblivious to our greatness so only 7,122 came here in '06.  The Midwesterners are heading to the coast, either coast, but 13,702 chose the Oregon coast.  … (0 comments)

February Market Report - 02/15/08 06:28 PM
January Residential Highlights
Market activity appears to have slowed when comparing January 2008 with the same month in 2007. New listings jumped 11.9% compared to last January, but closed sales dropped 31.9% and pending sales fell 34.3% While an increase in new listings in January is common, a substantial drop in closed sales helped compound the inventory rate as the 13,904 active residential listings would last approximately 12.8 months at January’s rate of sales. This is the highest recorded level since the previous high of 10.1 in January 2000.
 
New Construction in 2007
The sale of properties listed as proposed, … (0 comments)

12050 SW Morlock Court., Beaverton OR - 02/08/08 12:29 PM
… (1 comments)

Noisy WES - 02/05/08 06:01 PM
The Westside Express Service is coming and so far Tualatin is the only city who has expressed concern over noise that will be caused by the daily commuter train that runs between Beaverton and Wilsonville.  Unfortunately if Tualatin wants a noise solution, Tualatin has to pay for it.   City officials have been looking for options to the noise problem and so far have come up with two.  There could be quiet zones established where the horn is not required to sound when crossing the intersection.  This could cost Tualatin about $600,000.  It is about the same cost to install wayside … (0 comments)

 
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Tony and Libby Kelly, CRS, ABR, ePro, SRES, CLHMS, CDPE

Lake Oswego, OR

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Keller Williams Realty Portland Premiere

Office Phone: (503) 924-3520

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In this forum we will offer discussions on a wide variety of subjects, but focus on Portland Metro and real estate. Hopefully our insights and experiences will inform, educate, challenge and entertain our readers week after week.


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