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Inventory Holds | Portland Inventory Report | September 2016

Posted by Nick Krautter on September 27, 2016  /  in The Market  /  No Comments

Inventory Holds

Inventory is in a holding pattern due to strong buyer activity late this Summer. With the exception of Ladds/Hawthorne, Sellwood/Eastmoreland, and Irvington/Grant Park, where inventory dropped slightly, most neighborhoods remained fairly steady. Pending sales are trending up, which should keep inventory levels tight heading into Fall.

This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of properties are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. I use active listings and 6 months of sold data from the RMLS to create this report.

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Big Jump in Pending Sales | Portland Sales Volume Report | September 2016

Posted by Nick Krautter on September 09, 2016  /  in The Market  /  No Comments

Big Jump in Pending Sales

907 homes sold in Portland this August, which is 20 more than July. Pending sales are pointing to a strong market late this summer. Many sales slated to close in August have been delayed by a slower lending process and will close in September. The market is still favoring sellers and promises to keep inventory low after the summer rush.

Wild cards: As prices rise, more buyers are priced out of the market which could slow the pace of sales. Interest rates have dropped close to all time lows. Out of state investment continues to push prices and rents higher and keep inventory low.

I’m predicting around 1000 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in September.

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Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales volume trend report. The wisdom is that price follows volume so when you see a market trending higher in sales, prices will soon follow up and when sales volume is low, prices will stay flat or fall.

SellPDX’s Newest Market Analysis – Central Eastside Buildings

Posted by Brad Attig on August 29, 2016  /  in Reports  /  No Comments

Are you interested in what is happening in Portland’s Real Estate market? SellPDX creates in depth market reports on both the overall Portland market and area specific assessments.

Nick Krautter and his SellPDX team just released the Central Eastside Buildings 2013-2016 Market Update. This analysis will assist you in evaluating commercial real estate investment opportunities and review historical data.

Central Eastside Industrial District Buildings Market Report

Portland real estate expert Nick Krautter goes into deep detail on the Central East Side Industrial District (CEID) in South East and North East Portland Oregon. Watch the video and download the report to learn about the retail, office, and apartment market from 2013 to 2016. The report and video cover the changes in CAP rates and building prices.

Download the report here >>

Portland Central Eastside Industrial District Buildings

Crush It! Oregon Asso. of Realtors 2016 Convention

Posted by Brad Attig on August 27, 2016  /  in Events  /  No Comments

On Friday, Sept. 30th at 8:30 AM Nick Krautter will discuss The Golden Handoff.

This 3 day event is being held at Sunriver Resort Sept. 27th -30th. Listen to educational speakers, attend quality education and CEC training classes plus socialize and network with like minded real estate professionals. Don’t miss Nick’s overview of The Golden Handoff, a strategy for retiring agents to pass along their business and for growing agents to acquire more contacts and leads.

Learn more at the OAR website.

View or Download the Crush It! Flyer

SellPDX’s Newest Market Analysis – Broadway & Weidler Corridor

Posted by Brad Attig on August 26, 2016  /  in Reports  /  No Comments

Are you interested in what is happening in Portland’s Real Estate market? SellPDX creates in depth market reports on both the overall Portland market and area specific assessments.

Nick Krautter and his SellPDX team just released the Broadway Weidler Corridor 2013-2016 Market Update. This analysis will assist you in evaluating commercial real estate investment opportunities and review historical data.

Broadway & Weidler Corridor Market Report

Portland real estate expert Nick Krautter goes into deep detail on the Broadway and Weidler corridor in North East Portland Oregon. Watch the video and download the report to learn about the retail, office, and apartment market from 2013 to 2016. The report and video cover the changes in CAP rates, land prices, and building prices.

Download the report here >>

Broadway Weidler Market Report 2016

Inventory Uptick, But Close-in Still Tight | Portland Inventory Report | August 2016

Posted by Nick Krautter on August 18, 2016  /  in The Market  /  No Comments

Inventory Uptick, But Close-in Still Tight

Although the greater Portland metro area experienced an uptick in inventory, closer-in neighborhoods such as Sellwood/Eastmoreland, Kerns/Laurelhurst, Multnomah Village, and more, actually reduced the number of homes for sale. Larger suburban areas (Vancouver, Beaverton), in addition to the condo market, are slowing down as well.

This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of properties are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. I use active listings and 6 months of sold data from the RMLS to create this report.

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Loan Delays Cool Sales | Portland Sales Volume Report | August 2016

Posted by Nick Krautter on August 04, 2016  /  in The Market  /  No Comments

Loan Delays Cool Sales

887 homes sold in Portland this July, which is 78 less than June. Pending sales are pointing to a strong market late this summer. Many sales slated to close in July have been delayed by a slower lending process and will close in August. The market is still favoring sellers and promises to keep inventory low even before the summer rush.

Wild cards: As prices rise, more buyers are priced out of the market which could slow the pace of sales. Interest rates have dropped close to all time lows. Out of state investment continues to push prices and rents higher and keep inventory low.

I’m predicting around 1000 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in August.

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KATU News Features Reboot Week

Posted by Brad Attig on July 23, 2016  /  in Listings, Reboot Week, Sellpdx News  /  No Comments

Nick Krautter told KATU News “It’s the best time ever in the history of Portland to sell their house, it’s also the most difficult time to be a buyer.” Reboot Week was created to help everyone to list their houses making more houses available to buy. Owners sitting on the sidelines, worried they won’t have a home to buy if they sell their home can look forward to increased selections during Reboot Week.

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You can read the KATU story here >>

Learn more about Reboot Week here >>

 

 

Reboot Week Featured in Portland Business Journal

Posted by Brad Attig on July 22, 2016  /  in Reboot Week  /  No Comments

The title says it all…

Portland Realtors look to flood market with new listings next week

In an article published July 21st. 2016, Jon Bell of the Portland Business Journal discusses the low Portland home real estate inventory and what Nick Krautter and SellPDX are trying to do about it.

Reboot week is a city-wide effort to get all the area’s realtors to to have their clients, many who are sitting on the sidelines, to list their homes. The premise is that many would love to sell during this hot market but are holding back. Their concern is there might just not be enough homes to chose from to buy if they sell.

Read more about the Portland Business Journal article here >>

Learn about Reboot Week here >>

If you have questions, call Nick or Ben at 503.901.8100 or contact your realtor and ask them about Reboot Week.

See today’s new listings here >>

 

More Homes Close in – Metro Flat | Portland Inventory Report | July 2016

Posted by Nick Krautter on July 21, 2016  /  in Sellpdx News  /  No Comments

More Homes Close in – Metro Flat

The seller’s market added more new listings to the mix but prices keep rising. Prices hit another all-time high in June with the average priced home in the metro area breaking $412,000 (up 2.5% in one month).

This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of properties are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. I use active listings and 6 months of sold data from the RMLS to create this report.

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