Closings had a strong month this February in the Portland Metro Area. There were 1,806 closed sales, a 8.2% increase over February 2017 (1,669) and a 10.9% increase over January 2018 (1,628). New listings (2,530) saw gains last month, outpacing February 2017 by 0.4% and January 2018 by 1.8%. Pending sales, at 2,337, fell 1.4% short of the 2,369 … [Read more...] about Market Action Report- Feb 2018
Real Estate Market
The Portland metro area saw plenty of pending sales and new listings in January. January 2018 pending sales (2,311) were 16.1% higher than January 2017 and 31.5% higher than December 2017. It was the strongest January for pending listings in the metro area since 2007. There were 2,486 new listings in January, 12.4% higher than January 2017 and … [Read more...] about Market Action Report- Jan 2018
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 is the strongest December for new listings in the Portland metro area since 2011. Pending … [Read more...] about Market Action Report- Dec 2017
Wick and I are often asked: "What changes should I make to my home if I am going to sell in the next 1-5 years?" There is a study that comes out every year that outlines the cost versus the value for various improvements. This means, how much money will I get back for doing this improvement? Here are the most impactful changes to make for the … [Read more...] about Return on Investment: What Home Improvements You Should Make If You Plan To Sell
In November 2017, there were 2,416 new listings offered in the Portland metro area. This was a 16.2% increase compared to last year in November 2016. However, there was a 19.0% decrease in new listings in November compared to last month in October 2017. Pending sales were up from last year, but also fell when compared to last month. Closed sales, … [Read more...] about Market Action Report- Nov 2017
Beginning January 1, 2018, sellers of single family homes in Portland will be required to obtain and disclose a Home Energy Score. Portland City Council unanimously passed this policy in 2016 in an effort to achieve goals set in the 2015 Climate Action Plan and to protect consumers in one of the biggest financial investments most people will ever … [Read more...] about The Home Energy Score!