tigard real estate agents: Portland Gets The Best Of Housing Slump
- 12/20/07 04:58 AM
On T.V. there is a never ending supply of news stories about the horror that is the real estate market. Except that the P.S. of all these stories seems to be the areas and cities that seem to be weathering the storm. Portland is one of these cities. In fact, the slow down here has just brought us back down to what would considered a "normal" year. To give you an idea of the ups and downs, in January of 2000 there was 10 months of inventory (number of months it would take to sell all homes currently listed) available in … (0 comments)
tigard real estate agents: November Market Report
- 12/19/07 03:13 AM
November Residential Highlights For the second month in a row there was a slight decrease in inventory in the Portland metro area. At November’s rate of sales, the 14,435 active residential listings at month’s end would last approximately 8.3 months. The number of new listings dropped again, the second time since February 2006, decreasing 3.1% when comparing November 2007 to November 2006. However, the number of transactions also continues to drop. When comparing November 2007 to November 2006 closed sales decreased 19.9% and the number of accepted offers fell 27.8%. Despite it all, sale prices appear to remain strong. Average sale … (0 comments)
tigard real estate agents: Financial Advise
- 12/19/07 03:02 AM
THAT'S THE $64,000 QUESTION.... Most people won't inherit millions of dollars, but according to the AARP, the median amount of today's inheritance is about $64,000. While that's not enough to provide financial security for life, it's still a lot of money and requires careful planning before deciding what to do with it. So therein lays the question — if you receive an inheritance — what should you do? Step One...Do Nothing: Remember, this is an emotional time. You may have lost a loved one, you're receiving a sizable chunk of money, and your judgment may be clouded by emotion. Rather than … (0 comments)
tigard real estate agents: Define "Improvement"
- 12/17/07 08:35 AM
People seem to have the idea that if they put money into their home, they will certainly get it back. That is the right idea but you can't just make ANY improvement and assume it'll make money. In fact, some can actually decrease the value of your home. Money Magazine suggest putting your money in anything but... Swimming Pools. Obviously states with a hot climate you can't find a house without one. But if you live someplace where a pool is not needed then buyers will completely avoid houses with a pool. If you live in Illinois or Oregon people only see … (1 comments)
tigard real estate agents: What Do You Want In A Home?
- 12/14/07 11:10 AM
While it seems quite rational to assume buyers are clamoring after the "best" house leaving the others to beg for attention, it doesn't necessarily work that way. That is because not everyone is looking for the same things. In this survey they asked buyers about specific home features and then divided up these people by demographic categories. The features include Central Air, Garage (2 or more spaces), Walk-in Closet in Master Bedroom, Cable or Satellite TV Ready, High-speed Internet Access and Energy Efficient. 74% of buyers in general found Central Air to be the import making it the most attractive feature … (0 comments)
tigard real estate agents: 9128 SW 40th Ave, Portland OR
- 12/07/07 04:09 AM
Beautifully Remodeled Multnomah Village Daylight Ranch. In addition to its great location, home features lovely black walnut flrs, updated countertops, cabinets & lighting in the kitchen & baths, newly painted inside & out, cen. air, newer furnace & vinyl windows. Huge lower level is light, bright & just remodeled. Large private backyard w/ patio & cedar deck with mtn views. $415,000
For additional photos and details visit http//:www.TonyandLibby.com or call 1-800-395-1151 code 613 for 24 hr recorded information This listing is brought to you courtesy of the Tony and Libby Kelly Group, Keller Williams Realty Portland Premiere, 17700 SW Upper Boones Ferry Rd, Portland, … (1 comments)
tigard real estate agents: Housing Market Will Recover
- 12/03/07 09:18 AM
Experts are saying that the housing market will recover from it's current down turn, unfortunately it is going to get worse before it gets better. There is just too much inventory right now so when those homes start to sell off, in 2009, the market will start to perk back up. Therefore, 2008 is going to be a rough one. Economist Jerry Johnson expects sales will be off 15 to 20 percent and the new housing construction 20 percent. People keep moving to Portland but job growth is plateauing. There is still extra inventory which will take quite some time to get … (0 comments)
tigard real estate agents: Portand Street Naming History
- 11/30/07 10:17 AM
Before 1913 North Interstate Avenue was called North Patton Avenue after Matthew Patton. Matthew Patton's family owned land in the West Hills and North Portland but then the street was connected to a new bridge over the Columbia River. I guess the City Council felt that a name change was in order. Once upon a time there were three cities called Portland, East Portland and Albina. In 1891 these cities were combined to make Portland forcing The Great Renaming. Over the years after Portland became one big city, Eastside Portlanders became resentful that their streets started with "east" while West … (1 comments)
tigard real estate agents: October Market Report
- 11/19/07 08:26 AM
October Residential Highlights October’s statistics show similar patterns to September, as the number of transactions continue to drop and sale prices continue to see appreciation. The number of closed sales fell 25.5% and pending sales declined 22% However, the number of new listings dropped for the first time since February of 2006, decreasing 5.1% this month when comparing October of this year with October 2006. At the month’s rate of sales, the 15,567 active residential properties would last approximately 8.4 months.
Appreciation Using the average sale prices for the twelve months that ended with October 2007 compared to the twelve … (0 comments)
tigard real estate agents: No Slump in Salem Market!
- 11/16/07 08:45 AM
SALEM, Oregon isn't the hippest town around but medium sized cities like Wenatchee, Washington and Provo-Orem, Utah still have quite active real estate markets. There are plenty of homes on the market and the prices haven't nose-dived like in much of the country. In fact housing prices are growing at double-digit rates according to a recent federal study. Many of these towns are still showing population growth due to things like proximity to nature, main freeways and more major cities. Most of them were not even a part of the original housing boom so they didn't have any where to go … (0 comments)
tigard real estate agents: 1763 SE 74th Ave, Hillsboro OR 97123
- 11/14/07 06:22 AM
BUYERS GETS $500 HOLIDAY SHOPPING SPREE AT STORE OF CHOICE IF CLOSES BEFORE 12-31-07. Features a premium private lot, open kit. w/Stainless appliances, gleaming hardwoods in kitchen, hall & entry and decorator colors throughout. Upstairs laundry, skylights & new carpeting. Entertainer's deck overlooking large, private backyard backing to greenspace. Extensive sprinkler system. $339,000
For additional photos and details visit http//:www.TonyandLibby.com or call 1-800-395-1151 code 606 for 24 hr recorded information This listing is brought to you courtesy of the Tony and Libby Kelly Group, Keller Williams Realty Portland Premiere, 17700 SW Upper Boones Ferry Rd, Portland, OR 97224
… (2 comments)
tigard real estate agents: Portland Scores!
- 10/26/07 10:05 AM
Travel and Leisure took 25 major U.S. cities and rated them placed them 1-25 on 63 categories. It covered the topics of After Dark, Characteristics, City Scape, Culture, Food/Dining, People, Shopping and Type of Trip. Naturally you are dying to know how Portland fared in these areas and we did well exactly where you would expect us to. We ranked #1 in seven categories which were Public Parks/Spaces, Pedestrian Friendliness, Access to Outdoors, City Scape Overall, Environmental Awareness, Ease of Getting Around/Public Transportation and Characteristics Overall. With numbers like these we could become a major tourist draw. Luckily we didn't score … (0 comments)
tigard real estate agents: 20531 Sw Anna Court, Aloha OR
- 10/22/07 09:44 AM
NEW PRICE!!! $355,000!!! Fantastic Aloha Traditional on private cul-de-sac. The lovely Kirkwood Park home features new dark oak hardwoods, remodeled kitchen and bathrooms, modern designer interior colors, surround sound & A/C. Huge backyard with extra large deck, covered patio, large shed & lots of useful space plus swing set. RV parking pad adjacent to driveway for 3 car garage wired for SAT/Cable.
For additional photos and details visit http//:www.TonyandLibby.com or call 1-800-395-1151 code 609 for 24 hr recorded information This listing is brought to you courtesy of the Tony and Libby Kelly Group, Keller Williams Realty Portland Premiere, 17700 SW Upper Boones Ferry … (2 comments)
tigard real estate agents: 6993 NE Willowgrove St., Hillsboro OR
- 10/19/07 10:55 AM
Meticulously maintained Danbury Park traditional. This lovely Hillsboro home features a soaring two story living room ceiling, neutral interior colors, spacious family room w/ fireplace, large open kitchen w/Maple cabinets, master suite w/ extra large bathrm & walk-in closet. Large level backyard w/ huge patio perfect for outdoor entertaining. Great location near INTEL & MAX. $309,995
For additional photos and details visit www.TonyandLibby.com or call 1-800-395-1151 code 604 for 24 hr recorded information This listing is brought to you courtesy of the Tony and Libby Kelly Group, Keller Williams Realty Portland Premiere, 17700 SW Upper Boones Ferry Rd, Portland, OR 97224
… (4 comments)
tigard real estate agents: Market Action Report for September
- 10/17/07 03:38 AM
September Residential Highlights When comparing September 2007 to September 2006, new listings decreased 2.3%. Closed and pending sales fell 25.5% and 25.7% respectively. At September’s rate of closed sales, the 16,054 active residential listings would last approximately 8.6 months. The 8.6 months of inventory is the highest rate since January 2000, when inventory reached 10.1 months. Additionally, inventory reached 8.5 months in January 2001. Appreciation Using the average sale prices for the twelve months that ended with September 2007 compared to the twelve months ending in September 2006, the average sale price appreciated 6.9% ($337,700 v. $315,800). Using the … (0 comments)
tigard real estate agents: Oregon Market
- 10/17/07 03:25 AM
Oregon A booming local economy has rained appreciation in the Oregon housing market and the faucet doesn’t look like it’s turning off for some time yet. Although sales of homes have slowed in the Portland area, the national trend of a depreciating housing market hasn’t hit Portland. Prices are up and should stay that way through the year’s end. The median price for a home has hit $241,000 and Housing Predictor now forecasts that Portland will see healthy appreciation of 6.7% in 2007. Driven by a healthy job market, housing prices in Portland have more than doubled in the past … (0 comments)
tigard real estate agents: Beaverton Traffic Signals Will Improve
- 10/11/07 10:07 AM
Beaverton is getting a new traffic timing system along Southwest Canyon and Farmington roads. Thank goodness because no one goes to Beaverton during rush hour unless they have to, and that is because of the traffic. The city is spending $60,000 to evaluate the timing of the signals and create a new timing sequence that, in theory, will make traffic much nicer. The schedule will reflect high-volume hours with more green lights on the major streets, which will make many people happy. Other areas that already have coordinated signals include a section of Farmington Road, Canyon Road and the Beaverton-Hillsdale … (0 comments)
tigard real estate agents: Mortgage Rates
- 10/11/07 07:07 AM
Mortgage Rate News/Analysis The Fed has been lowering key short-term interest rates for a couple of months now. On September 18, they dropped the federal funds rate by 1/2 percent. What is the Federal Funds Rate? Suppose a bank has excess funds. They hold them in reserve at the Federal Reserve Bank. They may choose to lend them overnight or for a couple of days to a bank that is temporarily short on funds. One bank can lend their "federal funds" to another bank. That is the Federal Funds rate. The discount rate is the interest rate at which banks borrow … (0 comments)
tigard real estate agents: Narrowing Sellwood Bridge Options
- 10/02/07 09:37 AM
The options for the rebuild of the Sellwood bridge have been brought down to three. The choices include rehabilitating the current bridge or a new bridge just north or just south between Spokane Street and Sellwood Riverfront Park. The Sellwood Bridge is 82 years old and has not been up to code in a very long time. One of the main reasons for removing previous options is that the policymakers are trying to save as many homes and businesses as they can. Condo owners on the north and south sides of the bridge attended the recent meeting to ask that … (0 comments)
tigard real estate agents: Tualatin Red Lights
- 09/27/07 08:50 AM
Monday night the Tualatin City Council decided to move forward with an evaluation on red-light cameras. Assuming all goes well they will then discuss whether Tualatin's busiest intersections would benefit from the extra attention. Running red lights is the most common traffic violation people complain to the Tualatin Police about. Especially now with the increase in traffic the accidents have pretty much tripled from 2005-2006 at the Tualatin-Sherwood Rd. and Boones Ferry Rd. intersection. Many have said that red-light cameras cause more accidents than they prevent because people will slam on their breaks to avoid a ticket, but … (0 comments)
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.
On T.V. there is a never ending supply of news stories about the horror that is the real estate market. Except that the P.S. of all these stories seems to be the areas and cities that seem to be weathering the storm. Portland is one of these cities. In fact, the slow down here has just brought us back down to what would considered a "normal" year. 
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