N Portland

Open House Update :: August 11 & 12

August is here in full bloom. We're enjoying the summer days spent outside with friends, maybe barbequing or trying out a new dinner recipe. While you're out and about this weekend, stop by and see us for three open houses this weekend (one of which is a new listing!) We'll see you out there!

1836 SE 45th, Portland (map/directions); Price: $450,000
Open House: Aug 11 & 12 (Sat & Sun), 12-2p

Details: An investors dream come true! This 3-bedroom,1-bathroom classic bungalow home is perfectly located between the amazing districts of Hawthorne and Division, so you're just blocks away from all the excitement. There's plenty of potential in this fixer-upper. The kitchen and living rooms are bright and inviting, ready for all of your additions. The loft space is spacious, perfect to refurbish as a den or as a space to host guests. The 960 sq ft unfinished basement would be great addition as a family room or movie room. Bring your vision and your tool belt! Link coming soon! (Listing by: Chelsea McAlister)

4724 N Missouri Ave, Portland (map/directions); Price: $475,000
Open House: Aug 11 (Sat), 1-3p

Details: This spacious 4-bedroom, 1.1 bathroom home is close to Mississippi District's cafes, shops, restaurants, and more! Well-appointed and remodeled with large picture windows facing west, charming built-ins, and hardwood floors gleaming with light. With an easy flow from inside to the deck and backyard, it's ideal for entertaining in these long summer nights. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); NEW PRICE: $465,000
Open House: Aug 11, 10a-12p & Aug 12, 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

 

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Our summer goal is to reach 100 YouTube subscribers! Help us reach our goal by subscribing here. Don't forget to turn on the notification bell to get all the updates!

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

Follow us on facebook and instagram to learn about our upcoming open houses
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How Much Portland Real Estate Inventory Is Out There?

Portland real estate inventory

With scenic outdoor wilderness and charming neighborhoods, it’s easy to see why Portland ranks in the top lists of places to live. If you’re thinking of buying or selling your home this summer, understanding what the Portland real estate inventory looks like and its future projections, will help with your decision-making process.

What is Real Estate Inventory?

Also called “active listings” or “homes for sale,” real estate inventory refers to the number homes on the market. Any time a seller lists a property, it’s considered part of the real estate inventory. The level of inventory calculated is variable, since it's a balance statement rather than a cumulative measure. Changes in the market can happen quickly, which is why the numbers for real estate inventory are captured at the end of each month. And there's a formula to figure it out: divide the number of homes on the market by the number of homes sold per month (on average) during the previous year. For example, if there are 56 active homes currently on the market and last year 236 homes sold in the same area (or 19.67 homes sold per month), that means there’s a 2.85 months supply of inventory - so just shy of 3 months.

What did Portland Real Estate Inventory look like this past Summer?

For Buyers
For buyers, more than 6 months of real estate inventory leads to lower prices and offers that are more likely to be accepted under the listed price. Since 2012, Portland real estate inventory has been rising steadily, especially this past July. Low housing inventory creates a competitive real estate market, but for Portland, real estate inventory is at 2.1 (just over 2 months), a 31.3% increase compared to last year. 

For Sellers
As a seller, a balanced market is considered 6 months, so despite the increase in real estate inventory, it's still a seller’s market. Less than 6 months of inventory favors sellers because there are less homes for a potential buyer to chose from. If you’re looking to sell your home, consider the inventory within your home's general area. The fastest selling areas in the Portland Metro area for this past June were Beaverton (20 days) and Hillsboro (22 days). The slowest selling areas were West Portland (57 days) and Lake Oswego (52 days).

If you have questions about the Portland real estate inventory, we're always reachable by phone and always available to help answer all of the questions you may have about real estate.

 

Our summer goal is to reach 100 YouTube subscribers! Help us reach our goal by subscribing here. Don't forget to turn on the notification bell to get all the updates!

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

Follow us on facebook and instagram to learn about our upcoming open houses
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Open House Update :: August 5

The first week of August is already upon us; how time flies. We're looking forward to enjoying a much needed weekend. Whether you're stopping by a new vintage store or enjoying the day outside with friends, don't forget to stop by and visit us for two open houses (one newly listed!) this Sunday. We can't wait to see you out there!

8955 N Clarendon, Portland  (map/directions); Price: $525,000
Open House: Aug 5 (Sun), 1-3p

This impeccably maintained 4-bedroom, 2.1-bathroom home is just blocks from parks, New Seasons market, and downtown St. John’s. It features ample bedrooms, a den, beautifully designed bathrooms, an attached garage, and plenty of storage space. The open living and dining areas include walls of expansive windows, allowing you to truly appreciate the sophistication and loveliness of the Sean Hogan-designed, low-maintenance landscaping. Make meals and entertain indoors in your beautifully-appointed kitchen with quartz counters and gourmet range, or outdoors on your covered patio or deck. Experience both the ease and grace of living in this gorgeous home. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); NEW PRICE: $465,000
Open House: Aug 5 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

 

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Our summer goal is to reach 100 YouTube subscribers! Help us reach our goal by subscribing here. Don't forget to turn on the notification bell to get all the updates!

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

Follow us on facebook and instagram to learn about our upcoming open houses
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Open House Update :: July 28 & 29

It's hard to believe July is almost over. It seems like we were just celebrating the Fourth of July and now August is upon us. However, we know every new month opens the door to new opportunities. Speaking of opening doors, we are hosting open houses this weekend at these four gorgeous homes. See you out there this weekend!

4724 NE Buffalo St, Portland (map/directions); Price: $400,000
Open House: July 28 (Sat),11a-1p

This bright 4-bedroom, 1-bathroom Cape Cod home is in NE Portland's Woodlawn neighborhood and close to Dekum Triangle's cafes and pubs. The refinished hardwood floors and large picture windows fill the space with light while the built-ins add charm. Upstairs, you'll find a master bedroom and bonus room, waiting to be transformed into a movie room or a quiet reading nook. The large basement is perfect for storage or to finish as a family room. (Listing by: Claire Paris)

3510 NE 19th Ave, Portland (map/directions); Price: $600,000
Open House: July 29 (Sun),1-3p

This lovely 4-bedroom, 2.1-bathroom Alameda home has a lot to offer, located near schools, cafes, and restaurants. Step into the living and dining rooms to a wood-burning fireplace, expansive windows, and gleaming hardwood floors. The bedrooms of the main house are spacious and inviting. The attached ADU is completely separate and comes with a full kitchen. The basement is ready for your personal touches, perfect for hosting guests or for a new bonus room space. (Listing by: Claire Paris)

4724 N Missouri Ave, Portland (map/directions); Price: $475,000
Open House: July 29 (Sun), 1-3p

Details: This spacious 4-bedroom, 1.1 bathroom home is close to Mississippi District's cafes, shops, restaurants, and more! Well-appointed and remodeled with large picture windows facing west, charming built-ins, and hardwood floors gleaming with light. With an easy flow from inside to the deck and backyard, it's ideal for entertaining in these long summer nights. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); Price: $465,000
Open House: July 29 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
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Open House Update :: July 22

We're gearing up for the weekend the only way we know how, by making plans to spend time with friends and afterwords, maybe we'll stop by the local farmers market to find our next dinner inspiration. And, of course, hosting open houses at these five incredible homes (three of which are newly listed!) Don't forget to drop by and visit us!

4724 NE Buffalo St, Portland (map/directions); Price: $400,000
Open House: July 22 (Sun),1-3p

This bright 4-bedroom, 1-bathroom Cape Cod home is in NE Portland's Woodlawn neighborhood and close to Dekum Triangle's cafes and pubs. The refinished hardwood floors and large picture windows fill the space with light while the built-ins add charm. Upstairs, you'll find a master bedroom and bonus room, waiting to be transformed into a movie room or a quiet reading nook. The large basement is perfect for storage or to finish as a family room. (Listing by: Claire Paris)

3510 NE 19th Ave, Portland (map/directions); Price: $600,000
Open House: July 22 (Sun),1-2p

This lovely 4-bedroom, 2.1-bathroom Alameda home has a lot to offer, located near schools, cafes, and restaurants. Step into the living and dining rooms to a wood-burning fireplace, expansive windows, and gleaming hardwood floors. The bedrooms of the main house are spacious and inviting. The attached ADU is completely separate and comes with a full kitchen. The basement is ready for your personal touches, perfect for hosting guests or for a new bonus room space. (Listing by: Claire Paris)

4724 N Missouri Ave, Portland (map/directions); Price: $475,000
Open House: July 22 (Sun), 2-4p

Details: This spacious 4-bedroom, 1.1 bathroom home is close to Mississippi District's cafes, shops, restaurants, and more! Well-appointed and remodeled with large picture windows facing west, charming built-ins, and hardwood floors gleaming with light. With an easy flow from inside to the deck and backyard, it's ideal for entertaining in these long summer nights. (Listing by: Claire Paris)

4405 NE 75th Ave, Portland (map/directions); Price: $475,000
Open House: July 22 (Sun), 1-3p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland has everything you could want! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

8131 SE 16th Ave, Portland (map/directions); NEW Price: $450,000
Open House: July 22 (Sun), 1-3p

Details: A charming bungalow awaits you in Sellwood! This 3-bedroom, 2-bathroom home is just blocks from New Seasons, the Spring Water Corridor Trail, as well as neighborhood cafes, shops, and restaurants. The shared living spaces are bright and filled with natural light, thanks to hardwood floors and large, open windows. The outdoor patio and lawn will make summer entertaining a breeze, while the detached garage with driveway parking, offers plenty of space for your storage and outdoor gear. (Listing by: Claire Paris)

 

Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

 

Join us on Tuesdays at 1p for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
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Open House Update :: June 2 & 3

Join us this weekend at these incredible homes! Can't make this weekend? Contact us to schedule a visit by email or phone, 503.998.4878.

4405 NE 75th Ave, Portland (map/directions); Price: $485,000
Open House: June 2 (Sat), 12 - 3p, & June 3 (Sun), 1-4p

Details: This fantastic 3-bedroom, 1-bathroom home in NE Portland is ready for you! A large living room, an upstairs lounge, and basement movie room provide plenty of living and entertaining space. Hardwood floors, Schoolhouse Electric fixtures, and ample light provide abundant charm throughout. A big backyard makes it ideal for summer evening gatherings and BBQs. (Listing by: Claire Paris)

7643 N Chatham Ave, Portland (map/directions); Price: $500,000
Open House: June 2 (Sat) & June 3 (Sun), 1-3p

Details: Situated on a spacious corner lot, this Kenton neighborhood 4-bedroom, 3-bathroom home has it all. The large picture windows and wood floors allow home to be filled with light and thanks to the open living/dining room, this space lives large. The second floor includes the Master bedroom, bathroom and sitting area. A large backyard, with a new fence, beckons summer entertaining and the raised garden boxes makes growing veggies easy. The basement and garage allow for plenty of room for projects and storage. (Listing by: Claire Paris)

109 N Tillamook St #109, Portland; Price: $300,000
Open House: June 2 (Sat) & June 3 (Sun), 1-3p

Details: A beautiful 2-bedroom, 1-bathroom condo in the heart of the Williams District. Huge windows provide ample light and the open floor plan make this space live large. There's plenty of room to spread out, making it ideal for entertaining - and all within blocks to the ultra-cool North Williams strip. (Listing by: Heather Paris)

878 Beach St, Manzanita (map/directions); Price: $700,000
Open House: June 2 (Sat) & June 3 (Sun), 1-3p

Details: Stellar location in heart of Manzanita with panoramic ocean views. Top to bottom remodel with high-end finishes and open floor plan. Cook your favorite meal in the open kitchen and eat it outside on the spacious deck overlooking one of Oregon's most spectacular beaches. House lives large thanks to the 5 bedrooms and 2 big bathrooms. Only 4 blocks to downtown Manzanita and just steps to the ocean, it doesn't get much better than this. (Listing by: Claire Paris)

 

Join us on Tuesdays for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
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Open House :: April 28

Join us this Saturday, April 28, 12-2p, for an open house in the St Johns neighborhood! 

If you're looking for your own fixer upper, this one might be the one for you! Located in the heart of St. Johns, this 3-bedroom, 2-bathroom home needs a little updating - and TLC - to shine. It's a solid house on quiet street, blocks from all the fun! Big windows in the front room, open kitchen dining area, large master bedroom, and a basement for storage. Be sure to see it this weekend - or contact us to schedule a walk-thru!

Stay tuned for an open house in NE Portland next weekend and be sure to join us on Tuesdays for our "Dear Claire" Facebook Live series!

follow us on facebook and instagram to learn about our upcoming open houses
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Open House : April 14

Join us in St. Johns for an open house this Saturday, 4/14, from 12p to 2p.

A 3-bedroom, 2-bathroom fixer home in the heart of St Johns! This house needs a little updating - and imagination - to shine. Big windows in the front room let the light in and an open kitchen-dining area is great for entertaining. A large master bedroom with two other rooms, ideal for an office and guests. Listed at $300k.

Click the above link to see for additional details. Cannot make it this weekend? Call to schedule a viewing.


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Finiding Home : Jasmine

"Finding Home" is a collection of interviews with our team, friends and clients about adventures in buying their first home, remodeling lessons, and other discoveries of owning a home.

Jasmine, PGR's Transaction Coordinator, shares why compromising on a house's size in a preferred neighborhood made perfect sense to her thanks to a fantastic layout and yard.

1) How did you know you wanted to buy your home?
We bought in 2012 when inventory was very low. This was the nicest house we could afford in the neighborhood we wanted to be in. I knew it was the one because it had a wide open yard for gardening and ADU. Plus the house has a fantastic layout for an 825sq/ft house and a big kitchen to tie everything together. 

2) Was there a trade-off you felt was necessary to make to purchasing your home?
It is smaller than we would like, but the location makes it worth it.

3) Any surprises you discovered *after* moving in?
No unfortunate surprises in our situation. We did put in radon mitigation a few months after purchasing, but not a huge surprise for St Johns.

4) Anything else you'd like to share about your home?
The house was a flip by Portland Development Group so there wasn’t much to fix. Originally built in 1908, the house was brought down to the studs and everything redone, so that was part of the appeal. We added an ADU not long after buying it and we hired a contractor for that. It was a great experience!

Thank you, Jasmine for sharing your home adventures with us!

Would you like to share your home search adventures, remodeling tales, or how you made your house a home with us on our blog? Send us a quick note and we'll be in touch! We'd love to hear from you!

 

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Open House: December 2-3

Join us this weekend for our open house in Portland's highly-desirable St. Johns!

From 12-2p this Saturday (12/2) and 1-3p on Sunday (12/3), come see this 3-bedroom, 1-bathroom near-by the heart of St. Johns. Thanks to bright picture windows and gorgeous hardwood floors, the open living and dining room fills with light. The remodeled kitchen, with a pantry, makes getting ready for gatherings a snap. A large backyard and multiple patios will be perfect for entertaining and relaxing throughout the warmer months. Listed at: $350k

Can't make it? Give us a call to schedule a walk-thru.

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