The very latest real estate numbers & stats for Portland-Metro as of 2-15-2018

The first month of 2018 is in the books! The real estate numbers look pretty darn good! Take a look at the graphs. there are three that give different , and the most CURRENT information on our Portland-Metro real estate market.

Inventory rose a bit in January, ending at 2.2 months. 2.2 months is still a low number. Ideally, we want months of inventory to be around 5-7. This just means we are in  a sellers market still. Anything under 6 months of inventory is a Seller’s market.  During the same period, total market time increased by five days to end at 60 days. This in conjunction with the low inventory send a signal that possibly we will see more homes on the market soon.

We are seeing, on average, +7.6% appreciation in homes. That is a very good number. Where else can you get +7.6% growth, on average, just by living in your home, having a rental, or holding property? The median appreciation is even higher at +8.6%! I’m a big advocate for home ownership. It’s just a win, win, win all around for YOU!

Finally, take a look at the graph that breaks down the different Portland-Metro locations and their individual stats! Days on the market, appreciation schedule, average sales price, etc.  We are seeing POSITIVE appreciation in all areas. the highest is Mt. Hood at 16.2% and the least is West Portland at 3.2%. Take a look at the areas that you live or are interested in. Each neighbor hood also has different appreciation values.

If you would like more information about selling and/or buying ion today’s market, please call, email, or text anytime. I’d love to go over what your home value is, steps it takes to sell, what to do to get ready to sell, and what to expect when you sell ans/or buy. I’ve helped many people be successful and I can help you too!

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors, Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

 

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Gorgeous Gresham 1 level remodeled home! $334,999 RMLS#18057987

$334,999, 2136 SE Kelly Ave Gresham, OR 97080, RMLS#18057987

Highly sought after location in one of Gresham finest neighborhood! Rare 1 level home with open & bright floor plan. The large Living room features hardwood floors with a cozy fireplace with custom mantle for you to enjoy on chilly nights or just to set the mood. The dining area is spacious with French doors leading to your solid deck overlooking the generous sized back yard.  The backyard is a blank slate ready for your designs: custom firepit? Secret garden? You name it! Adjacent to the dining area is the GORGEOUS kitchen with new cabinets, quartz counters, beautiful & tasteful tile work, higher end appliances (included!), gas range, wood flooring, and useful and show stopping island! Good sized master suite with sparkling clean, bright bathroom with custom flooring. Newer carpet in the bedrooms, newer exterior and interior paint. Not to mention the jumbo family room. It’s so big you might be able to make a 4th bedroom and still have a family room! Check out the absolutely stunning light fixtures! See photos and virtual tour on my website. As usual, please call, email, or text with any questions or needs.

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-    homesforyou@frontier.com

View this and ALL available Houses on the market on my website.

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

 

Licensed in the State of Oregon

 

SNEAK PEEK! COMING SOON!!

On market 2-5-2018! $334,999, RMLS# 18057987

2136 SE Kelly Ave Gresham, OR 97080

Highly sought after location in one of Gresham finest neighborhood! Rare 1 level home with open & bright floor plan. The large Living room features hardwood floors with a cozy fireplace with custom mantle for you to enjoy on chilly nights or just to set the mood. The dining area is spacious with French doors leading to your solid deck overlooking the generous sized back yard.  The backyard is a blank slate ready for your designs: custom firepit? Secret garden? You name it! Adjacent to the dining area is the GORGEOUS kitchen with new cabinets, quartz counters, beautiful & tasteful tile work, higher end appliances (included!), gas range, wood flooring, and useful and show stopping island! Newer carpet in the bedrooms, newer exterior and interior paint. Not to mention the jumbo family room. It’s so big you might be able to make a 4th bedroom and still have a family room! Check out the absolutely stunning light fixtures! See photos and virtual tour on my website on Monday. Call me for more info!

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES

MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW

CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

 

5 Ways to add “curb appeal” value to your home

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5 Ways to add “curb appeal” value to your home

  1. Wash up — Power wash the exterior to remove dirt build-up and other debris. Clean off the roof and gutters, and don’t forget the windows. Wash them inside and out to keep natural light flowing freely throughout the home’s interior.
  2. Outside updates — Re-stain the deck or reseal the patio, if needed. Make sure fencing is in good condition.
  3. Prune and trim — Highlight your yard by pruning all trees and other plants. Keep the lawn mowed and weed the garden beds. Add small potted plants to increase color and greenery. Consider hiring a professional if yard work is not your specialty.
  4. Attention to detail — Keep your front door looking fresh with a new coat of paint, or consider replacing the door, if necessary. Make sure house numbers stand out and the doorbell works. Don’t forget the mailbox. It should be upright, secure and aesthetically pleasing.
  5. Pop of color — Add interest with a new doormat or fill window boxes with bright flowers. Choose colors that complement your home’s exterior.

For more information on what to to get ready to sell so you can get the best price possible, please call, email, or text anytime.

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES

MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW

CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Client Testimonial

Rachel was an amazing agent to us! She explained the entire process from start to finish before we even began searching for homes. She shows the the entire range of homes that fit your price and was able to beat out a competing buyer to get us our dream home! We will be using her for all real estate needs in the future! 5/5 stars

Jefferson & Kayla

Thank you Jefferson & Kayla for the opportunity to help you purchase your first home. What a treat for me to help you and get to know the wonderful people that you are!

 

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors, Direct 503.380.9634, Email-   homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

New Real EstateTax Law – 5 Effects to Home ownership and 1 unchanged

Have you heard about the new tax laws? Congress’ recently passed tax reform, has five changes that might effect homeowners.

  1. Mortgage Interest Deduction

The mortgage interest tax deduction is touted as a way to make homeownership more affordable. It cuts the federal income tax that qualifying homeowners pay by reducing their taxable income by the amount of mortgage interest they pay. Beginning in 2018, the deduction is scaled back to interest on debt up to $750,000, instead of $1 million, for people who buy homes on or after Dec. 15, 2017.

  • Tax Law Through 2017: You may deduct the interest you pay on mortgage debt up to $1 million ($500,000 if married filing separately) on your primary home and a second home.
  • Tax Law Beginning in 2018: For homes bought before Dec. 15, 2017, no change. But for homes bought Dec. 15, 2017, or later, you may deduct the interest you pay on mortgage debt up to $750,000($375,000 if married filing separately).

 

2. Property Tax Deduction

The former tax law eased the pain of paying property taxes by allowing qualifying taxpayers to reduce their taxable income by the total amount of property taxes they paid. Beginning in 2018, the deduction is limited to a total of $10,000 for the cost of property taxes, and state and local income taxes or sales taxes.

  • Tax Law Through 2017: You may deduct the property taxes you pay on real estate you own.
  • Tax Law Beginning in 2018: You may deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either state or local income taxes or sales taxes.home-167734__340

3. Home Equity Deduction

On top of the mortgage interest deduction, the former tax law added a deduction for interest paid on home equity debt “for reasons other than to buy, build, or substantially improve your home.” So, for example, if you borrowed from a home equity line of credit to pay tuition, the interest you paid was tax-deductible. Starting in 2018, the deduction is eliminated for interest paid on home equity debt.

  • Tax Law Through 2017: You may deduct interest on up to $100,000 of home equity debt ($50,000 if married filing separately).
  • Tax Law Beginning in 2018: Eliminates the deduction for interest on home equity debt.

4. Mortgage Interest Deduction For Second Homes

You may deduct interest on mortgage debt on your primary home and a second home. The new law keeps this part of the former tax law in place, although it reduces the amount of eligible mortgage debt, as seen in item No. 1 above.

  • Tax Law Through 2017: Deduct the interest you pay on mortgage debt up to $1 million ($500,000 if married filing separately) on your primary home and a second home.
  • Tax Law Beginning in 2018: Deduct the interest you pay on mortgage debt up to $750,000 ($375,000 if married filing separately) on your primary home and a second home.

 

5. Moving Expenses

Under the former tax law, you could deduct some moving expenses when you moved for a new job. You had to meet complex criteria involving distance and timing of the move. Beginning in 2018, only active-duty members of the armed forces will be allowed to deduct moving expenses.

  • Tax Law Through 2017: Deduct some moving expenses if you meet distance and time requirements.
  • Tax Law Beginning in 2018: Only active duty members of the armed forces may deduct moving expenses.

 

Capital Gains rule has NOT changed

Changing the capital gains rule was on the chopping block, but thankfully it has not changed. When you sell a house, the capital gain is the difference between the price you paid for it and the price you sold it for. This capital gain is treated as taxable income. If you owned the house long enough, you’re allowed to exclude up to $500,000 (for married couples) of this capital gain as income so you don’t have to pay federal income tax on it. (The exclusion is capped at $250,000 for taxpayers filing separately.)

  • You must have owned the home, and used it as your primary residence, during at least two of the five years before the date of sale. You cannot have used this exclusion in the two years before the sale of the home.

Would you like to know more? I’m not an accountant, but I can give guidance on home values, market conditions, buying, selling, and a couple great recommendations. For more information the new tax laws contact tour favorite CPA or call me and I’d be happy to refer you.

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors, Direct 503.380.9634, Email-   homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Thanks you Lewis Holden for the original article sited here.

Lewis, Holden, and Holden Lewis Holden is a personal finance writer for NerdWallet. He previously covered mortgages and real estate at Bankrate. Read more twitterTwitteremailEmail. “Tax Plan Compromise: What Happens to Homeownership?”NerdWallet, 20 Dec. 2017,

 

Gorgeous Gresham home! $348,000 3 possible 4 bedrooms, 2 1/2 baths, RV parking

2170 SE Elliott Place Gresham, OR 97080~$348,000~ RMLS# 18434917!

This wonderful home showcases rare and desirable architecture reminiscing to Frank Lloyd Write. Inside, the large windows flood the house with light and give the impression of a wall of windows. The soaring vaulted ceilings also make the house feel open and flowing. The spacious dining room sports a custom and beautiful light fixture and leads to a slider that ushers you out to a back deck overlooking your large fenced back yard. The back yard has RV gates on the “Regner road” side to enable you to easily pull your RV in. There are also TWO tool sheds included!

The kitchen is large and all appliances are included. You’ll love the gorgeous hardwood floors that’s spill out to the dining area. This home is perfect for entertaining or possible dual living situation.

The gigantic 27 X 13 family room could be divided to make a 4th bedroom? Many uses possible. The family rooms features a cozy wood fireplace for those chilly winter and early spring nights.

This home has so many extras and amenities that are sure to please:

Central air

Fenced back yard

RV gate and RV pad

2 tool sheds

Vaulted ceilings

New roof & gutters in 2008

New exterior paint in 2008

Cul-de-sac location

Fresh interior paint

Large .21 acre lot with possible room for shop

Gigantic Family room (could be divided to make 4 bedrooms, and still have a big family room)

New front door in 2009

Whole house remodel in 2008

2 cozy wood burning fireplaces

Useful back deck

Gorgeous hardwood floors

All appliances included

Xtra big kitchen big enough to add an island

Oversized, extra deep 2 car garage, with man door

 

for more information please call, email, or text.

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors, Direct 503.380.9634, Email-   homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***