Blog :: 08-2018

Open House Update :: August 18

We hope you are enjoying your Friday and looking forward to the weekend ahead, I know we are! This weekend, we're showing these two gorgeous homes in NE and SE Portland. See you out there!

4405 NE 75th Ave, Portland (map/directions); NEW PRICE: $465,000
Open House: Aug 18 (Sat) 12-1p

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)

8616 SE Raymond Ct, Portland (map/directions); Price: $300,000
Open House: Aug 19 (Sun) 1-3p

Details: This thoughtfully updated Lents 2-bedroom, 1-bathroom bungalow has everything you need! It received a 10/10 home energy score – and its low utilities make living affordable and easy. Wood floors and updated kitchen and bath make this home the rare combination of comfortable and stylish. Enjoy your numerous producing fruit trees and lush garden oasis after a long day, or just relax in your ultra comfortable home and watch the sunset. An oversized garage with workbench means you have plenty of room to store your toys and tools. (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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Is it Too Late to Sell my House?

sell my houseIf you’re wondering “is it too late to sell my house?” the short answer is; no! You’re not the only one thinking about selling a home this season in Portland. This year’s real estate market is still going strong for sellers. The average sold price in the Portland Metro area for June of this year was $449,950, up from $415,000 last year. Summer is a perfect time to showcase your home, not only because of the fair weather, but many potential buyers are taking advantage of the summer break to find a family homes closer to school districts for the fall. With summer in full swing, I’ve come up with a few tips to help you sell your home efficiently and effectively.

How can I sell my house quickly?

  1. How to price your home- Along with your agent’s advice, there are many resources online that can help give you an idea of the value of your home. It also is a good idea to browse your neighborhood to see what homes near you are selling for on the market. By doing so, you see what potential buyers see and it's easier to understand what a reasonable price looks like. When it’s time to finalize the price of your home, remember that inflating your pricing, just for the sake of competition, can reduce the number of interested home buyers. If something isn’t working, successful sellers have the strength to fail fast by making adjustments. For instance, if buyers don’t begin to view your home on a regular basis, this is a clear indication that the market is rejecting your price. Always keep in touch with your agent on price changes that could be made.
     
  2. Proper staging can make the difference– Even spending 1% of your home’s value on staging could make a world of difference. Especially when hosting open houses, giving your home a new, upgraded staging presence could intrigue potential home buyers and help sell your home quickly. Buyers want to imagine their belongings and memories in a new place, so make sure to set the tone of your home as neutral as possible.
     
  3. Prepare for the unexpected – Properties can sell quicker than you might expect, so it’s important to have a contingency plan for your moving day ready to go. For example, the selling statistics for your area could say that the average seller can sell a home in 26 days, but your home could get an offer in two. Typically, you will want to be out of the home at least a day prior to closing, but you may have other arrangements with your buyers. Just make sure you have a short-term plan laid out for every possible scenario when in the process of selling your home.

Have more questions about selling your home in Portland? Don’t hesitate to reach out! I can always help talk you through the process in greater detail.

 

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 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
facebook // instagram // pinterest // twitter // youtube 

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
facebook // instagram // pinterest // twitter // youtube