Real Estate Market

Portland Real Estate Update By Rob Levy

Portland Real Estate Update April '19

The latest MLS statistics are out for Portland, Oregon and I wanted to share the highlights with you.  The report is through April, 2019 and shows that the market has mostly gained in April.  There were 4,210 new listings on the market which is a 20% increase over March.  Pending sales were up 13.3% over march with 3,102 homes getting accepted offers on them.  There were also 2,409 homes that closed in April, a 10.4% increase since March.  

Average and median sales prices are both up, albeit not as much as previous months.Comparing April 2018 through April 2019 the average home price was up 0.3% to $445,900 and the median sales price was also up 1.2% from $399,600.  You can view the entire 7 page report for the entire Portland Metropolitan area at THIS LINK.

Our featured home of the month is a North Tabor home thats had a gorgeous update recently completed, and super close to transit and Providence.  This home has gleaming floors, a super kitchen, two beds on the main floor and one down with a mostly unfinished basement too.  You can check it out here

December Residential Highlights
The Portland metro area saw mixed numbers this December, but new listings made gains compared to December 2016. At 1,617, new listings showed a 13.8% increase compared to December 2016, despite a 33.1% decrease from last month in November 2017 (2,416). This was the strongest December for new listings in the Portland metro area since 2011, when 1,700 new listings were offered.
Pending sales (1,757) exactly matched the 1,757 offers accepted last year in December 2016 but showed a 25.9% cooling from the 2,371 offers that were accepted last month in November 2017.
Closed sales, at 2,350, ended with a 10.3% decrease from December 2016 (2,621) and fell 1.6% short of the 2,387 closings recorded last month in November 2017 as well.
Total market time in December ended at 55 days, with inventory decreasing slightly to 1.6 months.
Year to Date Summary
Activity in 2017 was a little cool compared to 2016. New listings (40,805) decreased 0.8%, closed sales (31,624) decreased 3.6%, and pending sales (31,330) decreased 5.7%.
Average and Median Sale Prices
Prices continued to rise in the Portland metro area in 2017. Comparing the entirety of 2017 to 2016, the average sale price rose 8.5% from $395,000 to $428,700. In the same comparison, the median sale price rose 9.5% from $347,000 to $379,900.Information courtesy RMLS.

Portland 8th Best Place in America To Live!

Portland hits close to the top of yet another list.....  This one is US News annual survey of the top 100 places to retire.  Austin Texas came in as #1, but Portland is 8th beating out many places others may consider retiring.  You can check out the entire 100 cities report BY CLICKING HERE

Portland's Hottest Neighborhoods in 2010

The new report is out from the Portland Business Journal...  The Portland area's hottest neighborhoods for Quarter one, 2019 and the results might surpise you! 

A few teasers....  #25 Tigard, #15 Oregon City, #10 Beaverton 97006 and #1....  Beaverton again, zip code 97007 closely followed by Multnomah Village in SW Portland.

You can view the entire report by CLICKING HERE.