The Market
Sales Volume Report | May 17, 2012
Sales Rise as Inventory Stays Low 707 homes were sold in Portland in April, up from 642 in March. The close-in market volume is on the rise even with very low inventory, while numbers in the suburban markets flattened out. Stories about the low inventory are now commonplace and many price points are garnering multiple [...]
Read More >>Short Sales to get Shorter
With short sales accounting for 20% of the market buyers and sellers already know they are anything but a short process. Short sales often take 3-6 months just to get an answer on an offer. With good news about shorter timelines coming to short sales is our real estate expert Nick Krautter with Keller Williams [...]
Read More >>2012: The Year of the Move-Up Buyer
If 2011 was the year of the first time buyer then 2012 will be the year of the move up buyer. To talk about why move up buyers are the biggest section of the market is our real estate expert Nick Krautter with Keller Williams Real Estate and Sellpdx.com Q. Why the big shift to [...]
Read More >>Portland Inventory Report | April 16, 2012
Inventory Still Down, Prices Still Up With new listings decreasing steadily while pending and sold homes continue to rise inventories of homes have dropped to levels not seen since 2006. This is creating a seller’s market and, in many close-in neighborhoods, new listings are getting multiple offers with average prices going up in many areas. [...]
Read More >>Foreclosures Jump in Portland Oregon
From my interview on News Radio 101.1 FM KXL – Listen live every Monday at 6:20 and 8:20 AM Now that a federal judge has approved a multi-billion dollar foreclosure settlement, foreclosures make a 13 percent jump from February. Here to talk about what that means to the Portland market is real estate expert Nick [...]
Read More >>Real Estate Investing Skyrockets
This is from my interview on KXL this morning. With prices and interest rates at lows and rents rising real estate investing is hitting new highs. Here to talk about this dramatic change is real estate expert Nick Krautter with Keller Williams and sellpdx.com Q. Just how much have investment purchases gone up? A. It’s [...]
Read More >>Sales Volume Report | April 4, 2012
Low Inventory = Low Volume… But Prices are Going UP 539 homes were sold in Portland in March, up from 524 in February. The close-in market volume is being held down by low inventory, while numbers in the suburban markets saw a jump in sales. Stories about the low inventory are now commonplace and many [...]
Read More >>Cost vs Value for Remodeling
With Spring finally returning to Portland home owners want to know what return they’ll get on their remodeling and improvement projects. Here to let you know what to expect is real estate expert Nick Krautter at Keller Williams real estate and Sellpdx.com Q. Most people think of kitchens and bathrooms when they remodel – what [...]
Read More >>Portland Inventory Report | March 19, 2012
Inventory Down and Prices Up With new listings decreasing steadily while pending and sold homes continue to rise inventories of homes have dropped to levels not seen since 2006. This is creating a seller’s market and, in many close-in neighborhoods, new listings are getting multiple offers with average prices going up in many areas. Even [...]
Read More >>Shocking Portland Real Estate Market Update
Here’s the details from todays interview on News Radio 101.1 FM KXL: Q. What’s the shocking news about the market? A. Prices in Portland are going up again. After years of steady declines prices are up 4% over last year and 2% month to month. Q. Why do you think the market is finally turning [...]
Read More >>FHA Loan fee increases to help the market?
Here is the Q+A from my interview this morning on News Radio 101.1 FM – KXL. With inventory at new lows and bidding wars becoming commonplace again we look at new changes to FHA financing which might turn the heat up even higher! Here to discuss these changes and their impact is real estate expert [...]
Read More >>Sales Volume Report | March 1st, 2012
Spring Sales Get Early Start 456 homes were sold in Portland in February, up from 416 in January. While the close-in market bounced up from January, numbers in the suburban markets saw sales drop or stay flat. Stories about the low inventory are now commonplace and many price points are garnering multiple offer situations and [...]
Read More >>$26 Billion foreclosure settlement
This is from my interview today on News Radio 101.1 FM KXL Today we talk about affordability and the new foreclosure settlement you’ve been hearing about with our real estate expert Nick Krautter Q. What’s the new story with affordability? A. The affordability of homes is at an all time high which means that most [...]
Read More >>PORTLAND INVENTORY REPORT | February 16, 2012
Inventory Remains Low With new listings decreasing steadily through the last part of 2011 and sales spiking in December, inventories of homes have dropped to levels not seen since 2006. This is creating a seller’s market and in many close in neighborhoods most new listings are getting multiple offers. Even suburban markets are returning to [...]
Read More >>Sales volume report | February 7, 2012
January Slows Down 416 homes were sold in Portland in January, down from 618 in December. Wild cards: Multiple offers are back with inventory at a 4 year low. 2011 looks to be the first year in the last 3 years to have a typical sales peak in Summer. Investor activity is hitting new highs [...]
Read More >>HAMP to get much needed improvements
HAMP the Home Affordable Modification Program has some proposed changes set to take effect in April. Originally intended to help millions of home owners it’s current narrow restrictions have limited it to less than one million home owners. Read more about HAMP and the current guidelines at PortlandShortSale.info
Read More >>PORTLAND REAL ESTATE INVENTORY REPORT | January 16, 2012
Inventory at 2006 levels With new listings decreasing steadily through the last part of 2011 and sales spiking in December, inventories of homes have dropped to levels not seen since 2006. This is creating a seller’s market and in many close-in neighborhoods most new listings are getting multiple offers. This localized home inventory report helps [...]
Read More >>Real Estate Investing Basics
Here’s the Q+A from this mornings KXL interview: For many people one of their new years resolutions is to invest more this year. We talk with our real estate expert nick krautter about the basics of investing in real estate. Q – What’s the most important part of investing in real estate? A – Cash [...]
Read More >>PORTLAND SALE VOLUME REPORT | January 8, 2012
618 homes were sold in Portland in December, up from 543 in November. Wild cards: Multiple offers are back with inventory at a 4 year low. 2011 looks to be the first year in the last 3 years to have a typical sales peak in Summer. Investor activity is hitting new highs with multifamily still [...]
Read More >>Portland Real Estate Predictions for 2012
Here are the highlights from my interview on January 9th, 2012 on News Radio 101.1FM KXL on my predictions for the real estate market in 2012. Q – What will be the number one story on the real estate market this year? A – I think this is the year Portland hits the bottom and [...]
Read More >>Time is running out to appeal property taxes
You have until the end of the year to appeal your property taxes. It’s technically the 31st which falls on a weekend so it’s the next business day after that. Multnomah County: How to Appeal your Property Taxes Clackamas County: How to Appeal your Property Taxes Washington County: How to Appeal your Property Taxes
Read More >>PORTLAND SALES VOLUME REPORT | December 13th, 2010
543 homes were sold in Portland in November, down from 579 in October. Wild cards: Inventory has been on a steady decline which has kept time on market shorter; I expect a spike in new listings in spring which should increase sales as well. I’m predicting around 500 closed sales in Portland (RMLS areas 141, [...]
Read More >>PSU Quarterly Real Estate Report for Portland
If you’re ready to cozy up next to a warm fire and spend a few hours reading about real estate here’s your book. Enjoy! PSU Quarterly Real Estate Report for Portland
Read More >>The most overlooked time to sell your house
There just isn’t that much to choose from right now and buyers in the winter are serious buyers.
Read More >>The Inside Story on Bank Owned Homes
This is from an interview I did with News Radio 101.1 FM KXL on the inside story on bank owned homes. Q – What are the big differences between bank owned and short sales? A – bank owned you are buying from the bank and it’s much faster to get a response – usually 24-72 [...]
Read More >>PORTLAND REAL ESTATE INVENTORY REPORT | November 17th, 2011
Condo Inventory hits new low While the metro market has remained balanced the condo market finally caught up. A balanced market means that there is no specific advantage for buyers or sellers. You’ll see below that inventories in many of the close in areas are below 4 months which is why there are still many [...]
Read More >>Sales Volume Report l August 1, 2011
647 homes were sold in Portland in July, down from 689 in June. I had predicted 700 sales. Wild cards: Multiple offers are back with inventory at a 4 year low. Fears of the debt ceiling may be motivating buyers to lock in 30 year loans at very low interest rates over fears of a [...]
Read More >>The Most Important Statistic You Don’t Know
Here’s a little Q+A from one of my recent talks on News Radio 101.FM KXL: Q. What’s the most important statistic sellers need to know in this market? A. The most important number is one most people never even see. Its days on market since last price change. The reason is that you have to [...]
Read More >>Portland Inventory Report | July 15th, 2011
Metro Inventory Hits 4 Year Low Inventory is balanced at 6 months,also its lowest point since July 2007. Although prices are down about 7% year over year we are seeing month over month increases. An increase in pending sales and a sharp drop in new listings are creating this new low in the metro inventory. [...]
Read More >>PORTLAND SALES VOLUME REPORT l July 1st, 2011
Sales Hit a New High 689 homes were sold in Portland in June, up from 624 in May. I had predicted 700 sales. Wild cards: Inventory has hit a new low point at the same time sales hit a high point. This will continue to drive inventory down which could mean price increases. The close [...]
Read More >>PORTLAND REAL ESTATE INVENTORY REPORT l June 15th
Inventory is holding at a very healthy 7.2 months, its lowest point since May 2010. The charge was led by a high sales volume in March. Momentum appears to be continuing in May and June with sales volume holding. Many national indices are predicting a single digit drop for the Portland Metro in 2011 which [...]
Read More >>Inventory hits lowest mark in 19 months!
Here’s an experpt from a Q+A I did with Steve and Rebecca from KXL’s morning show: Q – The Portland Metro inventory is down to it’s lowest point in 19 months. What does this mean for the market and what is your advice for sellers now that it is a balanced market? A – The [...]
Read More >>Double dip? Portland still #8 best city to own according to Case/Shiller
News came out today that the housing market might be entering into a double dip. I can say that right now my team is busy helping people buy and sell homes and last month was one of the busiest in Portland. Even though prices have pulled back from the 2007 peak we’re still up 32% [...]
Read More >>Portland Inventory Report | February 16, 2011
Inventory Jumps to 11 Months – Mirrors Last Year Inventory jumped to over 11 months in January mirroring the slow start we had in 2010. The low point in closed sales in January and the end of the moratorium on foreclosures which has become a seasonal norm led to the jump in available homes. Many [...]
Read More >>Portland Sales Volume Report | February 1, 2011
351 homes were sold in Portland in January, down from 575 in December. I had predicted 500 sales in January and was shocked to see such a sharp drop off. Wild cards: Mortgage interest rates are close to 5% with most lenders quoting 4.75%. The rental market remains robust so expect investors to start buying [...]
Read More >>Portland Inventory Report | November 15th, 2010
Inventory Stable 10 months Inventory has stabilized around the 10 month mark and closed sales are up slightly. Pending sales are slowing in the Portland Metro area with many zip codes favoring buyers. Even with the metro inventory north of 10 months many close in areas are still at a balance point and some still [...]
Read More >>Oregon Economic Update
I recently attended a luncheon where the featured speaker was Tom Potiowsky, Economist for the State of Oregon. Here are a few links to stay up to date on the state economy and also the highlights of the presentation: Twitter.com/or_econanalysis Oregoneconomicanalysis.wordpress.com Oregon.gov/das/oea Inflation? Because we won’t see major employment and income increases we shouldn’t see [...]
Read More >>Portland Inventory Report | May 15th, 2010
Metro Inventory holds ground Inventory held much of March’s positive movement with many people feeling that we are near the bottom of the market. We are now very close to a balanced market. Move in ready homes in the core of the city are selling very rapidly across multiple price points. The expiration of the [...]
Read More >>Portland Sales Volume Report | May 1st 2010
701 homes were sold in Portland in March, up from 398 in February. I had predicted 500 sales and we’re seeing a much faster start to the year. This March is way better than 2009’s. Wild cards: The tax credit is over but homes are still selling. Foreclosure numbers appear to be stabilizing, more condo [...]
Read More >>Portland Real Estate Inventory Report | April 15, 2010
Metro Inventory sheds 40% in one month Inventory saw a sharp drop in March with many people feeling that we are near the bottom of the market. We are now very close to a balanced market. Move in ready homes in the core of the city are selling very rapidly across multiple price points. The [...]
Read More >>Portland Inventory Report | March 1st, 2010
Inventory Grows Inventory has begun to creep up throughout much of the metro area and is headed back to a balanced market from a sellers market. Prices for move in ready homes in the core of the city are holding value. The big wild card this Spring will be bank owned properties [REO] which usually [...]
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