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Real Estate Market Report

July by the Numbers

  • Portland Area Months of Inventory: 2.1
  • Portland Area Avg. Sales Price: $447,400
  • YTD Average Sales Price increased: 9.3%
  • Portland Area Closings decreased: 12.4%
  • Portland Area New listings decreased: 11.3%
  • Average market time: 33 days

Portland home prices climb 8.9 percent year-over-year

Seattle and Portland again led a national home-price index in May, but the surge in Portland cooled somewhat from a year ago.

Portland-area home prices climbed 8.9 percent during the year ending in May, according to the S&P CoreLogic Case-Shiller index, an increase second only to Seattle’s 13 percent. One of the two cities has led the index for the past 19 months.

Portland’s increases have slowed since a year ago, when prices were up 12.5 percent. Seattle’s, on the other hand, have only gained steam.

Click the link below for more detailed information:
Source: oregonlive.com

Rental Market Report

Rental News

US households headed by renters hit 52-year-high

CHICAGO — More U.S. households are headed by renters than at any point since 1965, according to a new Pew Research Center study based on data from the Census Bureau.

The number of renters has “increased significantly” in the past decade, and those less likely to rent, such as whites and the middle-aged, have grown more likely to rent in recent years, the report said.

While the number of U.S. households grew by 7.6 million over the past decade, the number of homeowners remained flat, largely because of “lingering effects of the housing crisis,” according to the report. At the same time, the level of renters now exceeds highs set in 1986 and 1988.

Click the link below for more detailed information:
Source: Oregonlive

Thinking of Buying or Selling in 2017? Let us help!

August Homework

Clean & Defrost Refrigerators and Freezers

Pull out your refrigerator and check behind it. Over time dust and dirt accumulates on the back of the refrigerator and can clog filters and vents that help the appliance run smoothly and efficiently. Use a shop vac or vacuum to clean the back and sides of the refrigerator, clean the floor and around the appliance as well. Be careful not to kink, break, or damage any water lines that go to the unit for the water or ice maker. Also take care not to damage your floor when pulling it out or pushing it back in, you can lay a thin piece of hardboard on the floor to protect it if you are worried about damaging the floor. It is also a good idea to clean the inside of the refrigerator and/or freezer. Get rid of all outdated items and the bottle of mustard or salad dressing that has been sitting in there half used for the last year. Clean the shelving and drawers. If you have a freezer that has built up ice on the shelves or walls it is a great idea to defrost and clean it. A little
cleaning each year will help the efficiency and the life span of your refrigerator and freezer. If you have no idea what I am talking about give me a call, I can help!

Cooking competitions and more in the Rose Quarter!

Don't worry! Jeff's goats wore protective eye wear!

Getting Involved with our Community

 

The mission of DONATION HOUSE is to create revenue and support for non-profit organizations that serve our communities and make a positive impact on people around the world. When a non-profit organization refers real estate business to a DONATION HOUSE business partner, they agree to return 10% of the proceeds back to the non-profit organization.

Recent contributions have been made to the following:

For more information please visit: Sell a Home, Save a Child and Forward Edge International.