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The Latest Portland OR Real Estate Market Information

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Real Estate Agent with Windermere

The National Association of Realtors has published their first quarter 2010 Portland OR real estate market information.  This is the real deal, and is really good information for sellers, who don't fully understand just how far their home value has fallen in the last couple of years.  If you bought your house in 2006, you can't seriously expect to make any money selling it today.  Look at the first graph below to determine how your home's value today compares to the day you bought it.

http://www.realtor.org/wps/wcm/connect/fc08e30041b356f28366ffa3819af93a/lmr_or_portland_Q12010.pdf?MOD=AJPERES&CACHEID=fc08e30041b356f28366ffa3819af93a

My new clients, who are being relocated for employment reasons, have put $30,000 into their $300,000 home.  Can they get $330,000 for it?  Not since they purchased it in 2006.  We are hoping for $303,000.  Check back for the outcome - the listing goes live today.

The good news is that there is a lot of great inventory, interest rates are at record-breaking lows, and as your Realtor, I am very motivated to work for you!  You've seen listings that say, "Motivated Seller!!"  Mine should read "Motivated seller and Broker!"  I'm getting more creative as the market conditions continue to challenge me.

Yesterday, on behalf of another seller, I wrote an offer to a buyer!  Yep, we wrote up what we would accept, which was lower than our list price, and we included a repair these particular buyers were asking about.  They have seen the house numerous times and just haven't pulled the trigger, so we wrote them an offer.

New listings being added this week.  Watch www.caryperkins.com for great new Portland OR inventory, appropriately priced for 2010 and with motivated sellers AND agent!

 

 

 

 

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Cary Perkins

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