From November to December, the Portland Metro markets, including Washington, Multnomah and Yamhill County, saw an increase in months of inventory (MOI) in all price categories. The increased MOI reflects the decline in inventory. While December saw a slower real estate market with higher MOI, January has seen more Buyer activity while inventory has remained comparatively low.
The coming months promise a lower MOI with Buyer activity building. Even as inventory grows throughout the spring and summer, MOI is expected to stay low despite increased Federal Interest Rates as 2016 is forecasted to see … (0 comments)
real estate: Welcome to the 2016 Real Estate Market!
- 01/28/16 08:32 AM
In Oregon, the inventory of homes active on the market has remained low through December and January. For Sellers listing their properties at $399,999 or lower, it means lots of showing activity! However, many home Sellers are forestalling listing their property just yet due to limited inventory to choose from for relocating. However, for Sellers looking to sell quickly or who have already identified a property to purchase, it will remain a Seller’s market until inventory increases in the following months heading into spring. While residential listings remain low, Buyers looking to build still have extensive inventory to choose from in the … (0 comments)
real estate: Ten Questions a Seller Should Ask an Agent Before Listing
- 01/12/16 08:04 AM
1. Why should I list my property with YOU? 2. What do you think my property will sell for and Why? 3. What are the “Pros” and “Cons” of my property? 4. What changes/improvements should I make to my house? 5. What are your specific negotiation strategies? 6. How many properties have you listed in the last 12 months? 7. Specifically, how will you market my home? 8. Do you have a Team or are you a Solo Agent? Your team consists of… 9. How many showings should I expect to average per week? 10. Other than yourself, who would you recommend I list my home with and why?
Any good … (1 comments)
real estate: West Salem Real Estate Report
- 01/12/16 07:58 AM
The West Salem real estate market, all of zip code 97304, was historically strong in 2015. All data points show a strong gain from 2014 to 2015. There were 543 resale homes sold in 2015. That is an increase of 37% over 2014. The average price of sold homes also rose significantly in 2015. The average sale price in 2015 was $239,210, compared to $219,763 in 2014. That is an increase of 8.8%. The last strong indicator in determining the strength of the market is the Total Days on Market. This helps show how long a home was for sale before … (0 comments)
real estate: Five Cool Tech Ideas for Your Home
- 01/12/16 04:49 AM
Looking for some cool upgrades for your home? Here are a few suggestions for tech devices that would make an awesome addition to your place. 1. Laser Robot Vacuum: This awesome little robot by Neato Robotics does the dirty work for you. Not only will it clean the house after you go to sleep, but it has a special laser that maps the home. This little guy knows where it’s been and where it hasn’t, and when it’s done it drives itself back in the closet! 2. Heated driveway: If you live in a cold weather state, shoveling snow is a dreaded fact … (2 comments)
real estate: The Best Tips and Tools for Cleaning Some Common Household Items
- 01/12/16 04:34 AM
Sometimes you just can’t find the right tool for the job, even with all the usual cleaning tools at your disposal. Here are some tips for those items and places that are always a pain to keep squeaky clean. The microwave The solution for a clean microwave is in your refrigerator (or maybe in the produce section of the grocery store). Microwave a cup of water and a few lemon slices, and then use a sponge to clean the microwave with the warm water. Grease stains This one works on clothes as well as surfaces. Rub white chalk on the grease stain, let … (3 comments)
real estate: How to Stage a Living Space
- 01/12/16 04:14 AM
Can’t seem to create a living room that feels quite right? Looking for some styling tips that will bring your living room up a notch? Here are five ideas that can dramatically improve your living room. 1. Move the furniture away from the walls: The tendency is to place your furniture against the walls, but giving it a little room to breathe will make the seating area seem cozier while also making the room seem more spacious. 2. Mix old and new pieces: Using the same furniture set to furnish an entire room can make it seem a bit sterile. Try mixing and … (1 comments)
real estate: A Dry Foundation is a Happy Foundation!
- 01/12/16 04:02 AM
Keeping water away from your home’s foundation is an important part of maintaining your home's structural integrity. Water can cause soils to expand and contract as well as do damage to the interior of the home should it flood. Keep your gutters clean and make sure downspouts will divert water to a place where it can drain away. If your home is equipped with a sump pit you may want to install a pump, or if you have a pump make sure it is operating properly. If your basement has a drain be sure it is clear in the event that you … (2 comments)
real estate: Five Lighting Tips for Basements
- 01/12/16 03:54 AM
Making your basement an enjoyable place to spend time can be tricky. Without the right lighting it may feel too much like a dungeon (unless you’re into that!). Here are a few quick tips: 1. Maximize the natural lighting. Trim back shrubs and other plants that block sunlight from window wells. If the window well has a cover, keep it clean or replace a cover that blocks light with one that lets light pass through. 2. Choose light colors for walls, carpet and furniture. As much as we all miss the dark brown faux wood paneling from the ‘70s it doesn't do much … (3 comments)
real estate: Great Mountains of the Pacific Northwest
- 01/12/16 03:35 AM
If you are planning on moving to Oregon is very important to note that Oregon is perfect for hiking, sightseeing and photography because of its numerous mountains. The Northwest is home to a variety of different mountain ranges which can be extremely picturesque as a view from your back window. In Oregon, you could be in close view of some of the most spectacular mountain ranges in the Northwest by carefully selecting your property. Mountain view can really add to the value of your home and can give you plenty of opportunity for hiking, exploring and getting in touch with the outdoors. … (3 comments)
real estate: Top Reasons For Considering a Move to Oregon
- 01/12/16 03:00 AM
If you are looking for an excellent area to settle down with a family or even just for yourself a commonly overlooked state to settle in these Oregon. From the eclectic art scene of Portland to the natural beauty of Oregon city to the fantastic outdoor activities in Bend, Oregon has cities and areas that are perfect for nearly any personality type. Here's some of the top reasons you should consider Oregon as a house hunter: Property values are on the rise: Oregon is becoming an extremely attractive place to live, with low crime rates and high school graduation rates that are … (1 comments)
real estate: Why is Everyone Moving to Oregon?
- 01/12/16 02:49 AM
There are numerous hot spots around the nation, locations that people are flocking to in droves because the quality of living and offered amenities is simply extraordinary. Of these hot spots, it may come as a surprise to many that Oregon has topped the list for two years in a row. For us native Oregonians there is no question, this is the place to be! In a recent study from United Van Lines where over 129,000 moves were tracked, the company found that "66% of all interstate moves in Oregon were from people moving into the state, rather than leaving it." This … (2 comments)
real estate: Why You Need to Move to Oregon Today!
- 01/12/16 02:31 AM
Many people consider relocating to Portland, Oregon for several reasons. Do you love the close proximity to the famous Oregon Coast, St Helens, Mt Hood and more? There are seemingly endless acres of large forest available for hiking, fishing and camping. Furthermore, there are great attractions where tourists can visit including luxury villas for rent and sale. Real estate business has been doing very well in this region given its close proximity to social amenities as well as other entertainment facilities. This state sets the national bar for bicycle commuting/riding in lieu of cars, making it recognized worldwide as the innovators … (2 comments)
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, has continued to decline through October and November. The further decrease in MOI occurred for all price categories from $200,000 to $1,999,999. Though, similarly to October, the decrease in MOI is not due to increased home sales. Instead, decreased MOI reflected the reduce number of active listings in all categories. Listings priced between $200,000 to $399,999 saw the greatest decrease of inventory while retaining the largest buyer pool.
As the percentage of pending sales per total listings has … (0 comments)
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, continue to remain relatively steady from August to October. While the MOI across all price categories has dropped slightly since last month, the decreased MOI isn’t reflective of increased home sales. Instead, the slight decrease in MOI seen between September and October reflects the decrease in active homes on the market as sellers begin to withdrawal their listings through the winter months and holidays.
While most of our listings are beginning to see a decrease in showings, the … (2 comments)
real estate: The Kelly Group - In Our Own Words - Scott
- 11/30/15 08:59 AM
Meet yet another of The Kelly Group's newest team members, Scott Green! Learn more about Scott in his own words and how he will be helping sellers reach their homeownership dreams in the Salem/Keiser area. ___________________________________________________________________________________________________________ I started my path to real estate by first attending Ohio State University and enrolling in one of the top real estate programs in the country. I majored in business administrations with a focus on finance, real estate and urban development. After graduating, I worked as a lead portfolio analyst, managing European properties for the Real Estate Investment Trust.
Realizing my passion was working directly with people, helping sellers and … (2 comments)
real estate: Buyers, Are You Really Ready to Move?
- 11/30/15 08:01 AM
It is hard to know when you are really ready to move forward with house hunting, making an offer and packing up the moving van. So many things often have to come into alignment, from starting a new job, waiting for the school year to end or waiting for your current listing that is active on the market to get a solid offer.
However, it is never too early to begin your search for your ideal home or property. By staying up-to-date with current listings and market fluctuations, you will have a better idea of what you can afford in the … (1 comments)
real estate: What does Christmas mean to Oregon?
- 11/12/15 08:27 AM
When I ask the question “what does Christmas mean to Oregon”, I am not referring to the spirit of giving, of the hope and love that Oregonians feel. I’m not asking about the faith and devotion that the holiday renews in so many of our residents. I am asking instead on an economic level what Christmas means to our state.
For those of you reading this that have never visited the beautiful Pacific Northwest, then you might not know that Oregon is the leading state in Christmas tree production. Over 63,000 acres of Oregon’s stunning countryside is devoted to growing the … (1 comments)
real estate: Honoring Our Veterans in Oregon
- 11/11/15 02:01 AM
Please remember to honor our veterans today! There isn't enough we can do to thank the brave men and women for their service and sacrifice. For Oregon's veterans and active service members, please check out these Freebies and Veterans Day discounts! I hope you were able to participate in the Ross Hollywood Chapel Veterans Day Parade this morning as well!
Thank you all so very much for your time, service and sacrifice. I would be greatly honored to meet you and help you meet your home ownership dreams!
In the process of pulling comparable properties for clients, my office staff often stumbles upon some real gems. By gems, I mean spectacular photos that showcase a property or home at its best. Open curtains with natural light flooding in! Level photos that showcase each room at its best angle, showing every desirable feature! They are the photos that make sellers happy and entice buyers to visit a property. And then, there are the other photos, what we all refer to as the worst of … (0 comments)
November's Months of Inventory for the Portland Metro Markets
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