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Real Estate Market Report

April by the Numbers

  • Portland Area Months of Inventory: 1.7
  • Portland Area Avg. Sales Price: $428,800
  • YTD Average Sales Price increased: 11.3%
  • Portland Area Closings decreased: 11%
  • Portland Area New listings decreased: 4.3%
  • Average market time: 42 days

Tough Portland housing market stymies first-time homebuyers

 

Though it seemed unlikely, Claire Anderson couldn’t shake the notion her real-estate broker had taken her to the scene of some terrible crime.

They’d crossed an unkempt yard to enter the rundown Southeast Portland home through a back door. Inside, splotches covered the walls and ceiling. The lights flickered gloomily.

“It was the creepiest horror scene,” the 29-year-old said. But “we still walked around and talked about what we could do to make this horror movie house work.”

That’s because after touring more than a dozen homes and trawling hundreds of others online, she could no longer automatically dismiss a house with an “Enter at your own risk” sign tacked to the front door. Not for her first home, and certainly not one within her price range.

The starter home has become an endangered species in Portland’s robust real estate market — even for middle-income earners with decent savings like Anderson.

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

Rental Market Report

Rental News

Government Affairs Alert Keep the faith and momentum to defeat rent control!CALL TO ACTION: Please continue to contact your Senators to oppose HB 2004A

HB 2004A has not been defeated YET…so we still need our members to stay engaged and remind their Senators to OPPOSE HB 2004A and its call for rent control, eliminating “no-cause” end of tenancy notices and mandating tenant relocation payments.

urrent Status:
HB 2004A is currently in the Senate Human Services committee where it had a public hearing on May 3rd. The Chair has scheduled a Work Session for the bill on May 31st, at that time it’s possible the committee will pass it onto the Senate floor.
Action Needed:
We need our members to keep up the pressure on their Senators, reminding them to oppose HB 2004A if/when the bill makes it to the Senate floor for a vote. In April the bill passed the House and Governor Brown has promised to sign it, if it reaches her desk. Therefore it’s critical to continue to make our voices heard in the Senate against this bad legislation. Use the link below to find your Senators and remind them to oppose this bill. With your persistence, we will keep the momentum in our favor and defeat HB 2004A!

This is a critical time for our industry. Together we must make our voices heard. Thank you for your participation fighting HB 2004A.

Click the link below for more detailed information:
Source: City of Portland

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

May Homework

Check Deck and Railings

You should find exhaust fans in your bathrooms, maybe laundry room, and the kitchen. It is a good idea to check all the fans and make sure they are clean and operating as designed. They are designed to remove moisture from the house which helps to reduce the growth of mold and mildew. Often times fans in the bathrooms get clogged with dust and lint. When hairspray is used in the bathroom, it can cause dust and lint to stick to the fan and make it work less efficiently. Keeping the exhaust fans clean and operational will help maintain the health of your home.

In the kitchen, check the range hood or microwave hood above the stove or cook top. If you have an island, there may be a downdraft fan that has filters that will need to be cleaned. Remove the filters and clean as necessary. Keeping these clean will help the ventilation in the kitchen, reduce the risk of fire, and make cooking a pleasure.

If you have no idea what I am talking about please give me a call, I can help!

Mt. Tabor Art Walk May 20th and May 21st! Click the picture to find out more!

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.