Category Archives: 2018 REAL ESTATE FORECAST

Typical Commute times to Portland from surrounding Cities

Portland proper is getting more  and more expensive to buy into. We have many surrounding ares that you might be interested in with short commute times into the City.  Portland and suburbs

This map shows the greater Portland Metro Area. It consists of several different cities (suburbs), which are all commutable to downtown Portland. This is a close approximation of travel times. For more information on buying in one of our wonderful Suburbs please call, email, or text me.

Suburb/City Average Non-Commute
Drive Time
Beaverton 12 minutes
Clackamas 18 minutes
Gresham 25 minutes
Happy Valley 15 minutes
Hillsboro 27 minutes
Lake Oswego 16 minutes
Newberg 47 minutes
North Portland 15 minutes
NE Portland 10 minutes
NW Portland 15 minutes
SE Portland 10-20 minutes
Sherwood 27 minutes
Tigard 18 minutes
Tualatin 20 minutes
West Hills 5 Minutes
West Linn 29 minutes
Wilsonville 23 minutes
Camas, Washington 29 minutes
Vancouver, Washington 13 minutes

IT’S A GOOD LIFE!!

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

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

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

My business is referral based.
If you’ve enjoyed my service, please refer me!

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Last months real estate highlights

August Residential Highlights

The Portland metro area saw more mixed activity in August, but new listings were up compared with August 2017.

At 4,214 new listings outpaced August 2017 (4,048) by 4.1%, despite cooling 2.3% from the 4,312 new listings offered last month in July 2018.

Closed sales (2,967) increased 8.4% from last month in July 2018 (2,736) but ended 2.2% under the 3,034 closings recorded last year in August 2017.

Pending sales, at 2,760, were 10.2% cooler than August 2017 (3,072) and 10.1% cooler than July 2018 (3,071).

Inventory decreased slightly to 2.3 months in August. Total market time increased to 40 days in the same period.

There were 6,929 active residential listings on the market in the Portland metro region this August.

Average and Median Sale Prices

Comparing 2018 to 2017 through August of each year, the average sale price rose 5.9% from $429,000 to $454,500. In the same comparison, the median sale price rose 5.6% from $379,900 to $401,000.

Year to Date Summary

Activity so far in 2018 is mixed compared to 2017. New listings (30,721) are up 2.9%. Closed sales (20,572) are down 2.0% and pending sales (21,836) are down 2.1%

for your information. If you’d like to talk more about the current real estate market please call, email, or text anytime.

IT’S A GOOD LIFE!!

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

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

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

What is the appreciation in your location? Take a look!

Presentation2 (002)

How does your area stack up? Keep in mind each City has many neighborhoods that are priced differently than the average. You can call me for a detailed estimated sale price for your home. Appreciation rates are in the positive numbers all across the board. West Portland may be a little sluggish on appreciation, but prices are generally higher in that location, so you can only increase so much….

Days on the market are looking good too. That is the time it takes to sell your home, on average. Even though we are in a sellers market still (but that is changing-more in another blog) you can still over price your home and it will sit on the market  longer, or worse, not sell at all.

This was a quick peek at the latest real estate numbers. For more information specific to you, please call, email, or text. I look forward to hearing from you!

IT’S A GOOD LIFE!!

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

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

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market go to my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

 

 

 

4th Quarter real estate market projections…..

What’s on the horizon for the 4th quarter in 2018?

The housing forecast for the fourth quarter of 2018 is more of the same. Lower inventories of new and resale properties on the market continue to underserve the wants and needs of home buyers. And as this housing demand increases, it generates higher and higher home prices, according to GordCollins.com.

Recent data from the National Association of Realtors® suggests that mortgage interest rates could rise to 5 percent by the end of 2019.

Don’t be misled by the falling numbers of home sales in recent years. It’s the result of a shortage of available homes, not a lack of qualified home buyers. The real estate market in this country is strong and backed by a booming economy and robust job market.

For more information on our local market, or to jump in and get started call, email, or text me anytime.

Five Star award Winner 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, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market go to my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

SELLING YOUR HOME ? How much is it worth?

Selling your home

Call or email today to get started. Together we’ll explore the possibilities in our ever-changing real estate market.

Five Star award Winner 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, Washington First

Direct 503.380.9634, Email-  homesforyou@frontier.com

View a current list of ALL available Houses on the market on my website.

My business is referral based.
If you’ve enjoyed my service, please refer me!

Licensed in the State of Oregon and Washington

 

Most current RE stats for Portland-Metro

May Market Report Portland 2018

May Residential Highlights
New listings made some gains this May in the Portland metro area. At 4,665, new listings outpaced May 2017 (4,388) by 6.3% and rose 16.9% from last month in April 2018 (3,990). This was the strongest May for new listings since 2008, when 5,182 were offered in the month. Closed sales (2,803) fell 3.2% short of the 2,896 closings recorded last year in May 2017 but showed a 11.1% increase from last month in April 2018 (2,523). Pending sales (3,201) fared similarly, decreasing 6.8% from May 2017 (3,435) but rising 6.4% from April 2018 (3,008). Inventory in the Portland metro area remained unchanged in May. During the same time, total market time decreased by five days to end at 37 days.

Year to Date Summary
Activity so far in 2018 is a little mixed compared to 2017. New listings (17,506) are up 4.9%. Closed sales (11,492) are down 0.2%, and pending sales (13,360) are down 0.8%.

Average and Median Sale Prices
Comparing 2018 to 2017 through May of each year, the average sale price rose 5.9% from $423,800 to $448,600. In the same comparison, the median sale price rose 8.0% from $370,000 to $399,500.May Residential Highlights
New listings made some gains this May in the Portland metro area. At 4,665, new listings outpaced May 2017 (4,388) by 6.3% and rose 16.9% from last month in April 2018 (3,990). This was the strongest May for new listings since 2008, when 5,182 were offered in the month. Closed sales (2,803) fell 3.2% short of the 2,896 closings recorded last year in May 2017 but showed a 11.1% increase from last month in April 2018 (2,523). Pending sales (3,201) fared similarly, decreasing 6.8% from May 2017 (3,435) but rising 6.4% from April 2018 (3,008). Inventory in the Portland metro area remained unchanged in May. During the same time, total market time decreased by five days to end at 37 days.

Year to Date Summary
Activity so far in 2018 is a little mixed compared to 2017. New listings (17,506) are up 4.9%. Closed sales (11,492) are down 0.2%, and pending sales (13,360) are down 0.8%.

Average and Median Sale Prices
Comparing 2018 to 2017 through May of each year, the average sale price rose 5.9% from $423,800 to $448,600. In the same comparison, the median sale price rose 8.0% from $370,000 to $399,500.

If you’ve thought about selling please give Rachel a call for information on your home value, steps it takes to sell and what to expect when you sell and/or buy. She has helped many people successfully sell their home and she can help you too! For more information on the current real estate market and how you fit in it please call, email, or text anytime.

 

Five Star award Winner 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, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View a current list of 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 and Washington

 

 

Buying a home will be getting more expensive – buy now!

Buy now

World financial events are conspiring to make it more expensive to borrow money to buy a house. In fact, mortgage interest rates are on the increase, according to BankRate.com, while housing prices continue to rise due to a lack of available properties for sale.

If your credit is good and your job is secure, industry analysts agree that it’s time to make an offer on your new home – the sooner, the better!

Steady economic growth and higher pay are encouraging even more Americans to jump into the already crowded real estate market. And rising interest rates will mean the competition for houses will continue to grow throughout the year.

The time to buy is now! Please call, email, or text when you are ready to get started!

Five Star award Winner 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

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

Licensed in the State of Oregon