Category Archives: Uncategorized

A Balanced Market Is Predicted In 2019

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Economists who focus on the housing market are anticipating a more balanced market this year, reports RISMedia . Home prices are just starting to level off, and softening a bit in our area following the frenzied seller’s market of the past few years. Unfortunately, mortgage interest rates are beginning to climb, which will affect the housing affordability factor for many would-be buyers.

First-time buyers will continue to dominate the real estate market, accounting for an estimated 45 percent of all new mortgages in the coming year, says the National Association of Realtors®. Many millennial’s have savings for their down payment in the bank and are eager to purchase their first home, but the shortage of resale properties continues to limit their buying options.

Wherever the balanced market leads us, home buyers primarily want to know how much their monthly mortgage payment will be and if they can afford it. If you’re planning to buy a home this year, what matters most is focusing on your local market and your housing needs. Typically, the majority of home buyers decide to act because of the timing in their lives, not necessarily the timing in the marketplace. I’m encouraging all of my clients who are thinking about selling, buying, or both. The market in the Portland-Metro area is already starting to see some “softening” and change in prices and market time. Call, email, or text me for more information about your home and neighborhood and how to get started.

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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

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New And Exciting Things To Do In Oregon In 2019!

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Art, food, and drink

January 25 – 26, 2019 46 miles south “First Taste Oregon” features local art, beer, food, music, spirits, and wine at the Oregon State Fairgrounds in Salem.

Film & music festival

January 24 – Feb. 16, 2019 Downtown Portland locations “Reel Music Festival” screens new films and timeless classics with a music theme at Portland Art Museum.

Jazz festival

February 20 – March 3, 2019 Portland locations “PDX Jazz Festival” slow website] features 100 performances by local acts and jazz legends every day.

Beer & spirits festival

February 23, 2019 2.5 miles north Sample ideal pairings of beer from 20 local breweries and spirits from 20 Oregon distilleries at “Brewstillery Festival” at StormBreaker Brewing. No dogs.

St. Patrick’s Day run

March 16, 2019 14 miles south The “Dirty Leprechaun” is a timed 5K (and un-timed kids’ run) that has fun obstacles, mud, mimosas, beer, root beer, bonfires, and music at Lee Farms in Tualatin.

Pancake poetry slam

March 2019 (undated) 11 miles SW Artists perform eclectic music and slam poetry to earn your vote and win a $100 prize at “Poetry & Pancakes” which includes unlimited pancakes at Tigard Grange Hall.

Easter in the Pearl District

April 20, 2019 0.7 miles north Families follow a map to collect free treats in shops, do art projects, win prizes, and hear music in Jamison Square at “Hippity Hop Bunny Hop Through The Pearl.”

Easter brunch cruise

April 21, 2019 0.5 miles east “Portland Spirit” offers brunch river cruises boarding from Salmon Street Springs Fountain.

Oregon has so many fun and exciting things coming up in 2019. Here are just a few things to enjoy within the next couple months!

I’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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington


Food halls: Manna for business travelers

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For the hungry and weary business traveler, food halls may be the “promised land,” says CNN. This quickly evolving trend is reinventing the food courts of the past. Instead of featuring fast food chains in suburban malls, food halls showcase local restaurants and are often located in renovated urban spaces.

Food halls are ideal for business travel because you get to experience a city’s cuisine even if you don’t have much time to explore. Most halls offer a variety of curated restaurants and cafés, but some center around a theme, such as French or Italian eateries. Either way, food halls typically offer craft, made-from-scratch menu items at an affordable price, says the Milwaukee Journal Sentinel.

Some halls feature rotating chefs or pop-up restaurants, which let you try something new each trip. Plus, bocce ball, ping-pong and people-watching make them an enjoyable place to pass the time. Whether you’re adventurous or indecisive when choosing where to eat, a food hall may fit the bill on your next business trip.

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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

RACHEL SHELLER- PMAR 2019 MASTERS CIRCLE

I am a Diamond-Platinum Masters Circle Member again in 2019. The Diamond-Platinum is the highest level in the Club. This prestigious Club is a mark of distinction for Realtors. Below are a few of the attributes of a Masters Circle member and why it’s important.

EXPERIENCE:
Whether buying or selling a personal residence or investment property, a real estate transaction involves important financial and emotional considerations. The services of an experienced Realtor® define the difference between just surviving and really enjoying the process.
When you buy a home, a skilled broker helps you find the house that best meets your needs and expectations. You rely on their knowledge of the market area and available inventory as well as their ability to recommend other qualified housing professionals. This includes mortgage lenders, home inspectors, and others whose services will be integral to a great home buying experience.
When you sell your home, a seasoned broker can save you time and money. The ability to correctly price and market your home is critical. Understanding how to interpret current market conditions and position your home for a faster, easier sale requires knowledge and skills only gained through experience.
RESULTS:
Choosing your real estate broker is your first important decision. Your broker should be a Realtor®. As a member of the National Association of Realtor®, your broker subscribes to the highest standards of business ethics and practices. The Portland Metropolitan Association of Realtor® (PMAR) is a local chapter of this respected organization.
Your Realtor® should also be a member of the PMAR Masters Circle. The Masters Circle is a benchmark organization formed to recognize Realtors® distinguished by their sales accomplishments and dedicated to the highest degree of professional quality service. Membership is earned by Realtors® who annually demonstrate outstanding achievements in the listing and selling of property. For most people, buying real property is their largest single investment. You benefit from working with a Realtor® who has an established record of success.
MAKING A DIFFERENCE:
Sales achievement is just one mark of excellence. Members seek to build and stregthen the relationships between the real estate industry and the communities they serve. The PMAR Masters Circle makes annual contributions to non-profit organizations committed to serving the greater Portland area.
YOU HOLD THE KEY:
When the time is right to consider your first or your next real estate transaction, remember your goal is to buy or sell real estate. However, your objective should be to maximize the enjoyment and the financial benefit of the entire transaction by working with a proven professional.
The choice is yours — choose wisely.
Choose a Realtor® who has earned membership in the PMAR Masters Circle. Call me when your ready to get going on your next move.

I’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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

Looking back at 2018 and ahead to 2019 in our Portland-Metro Real Estate Market.

December Residential Highlights
December brought cooling across the board to the Portland metro area. Pending sales, at 1,599, fell 9.0% short of the 1,757 offers accepted last year in December 2017 and 16.0%
short of the 1,904 offers accepted last month in November 2018.
Closed sales (1,846) fared similarly, ending 21.4% lower than in December 2017 (2,350) and 13.9% lower than in November 2018 (2,144). This is the coolest December
for closings in Portland metro since 2013, when 1,821 were recorded. New listings, at 1,255, cooled 22.4% from December 2017 (1,617) and 45.7% from November 2018
(2,310). Total market time rose to 64 days in December, with inventory decreasing slightly to land at 2.5 months.

Average and Median Sale Prices
Comparing 2018 to 2017 through December, the average sale price rose 5.5% from $428,700 to $452,400. In the same comparison, the median sale price rose 5.3% from $379,900 to $400,000.

Year to Date Summary

1-15-19 stats

Activity in 2018 was mixed compared to 2017. New listings (41,287) increased 1.2%. ending sales (29,809) decreased 4.9% and closed sales (29,771) decreased 5.9% this year.

The Portland-Metro real estate market is still a strong market but seeing some signs of slowing. In my opinion, it’s more of a balancing out. 2019 is expected to be a dynamic market and providing plenty of opportunities for both Seller’s and Buyer’s. For more information taking advantage of the opportunities please call, email, or text me.

Five Star award Winner 2011- 2019 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

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- rachel@rachelsheller.com

View an accurate list of  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!

91% of sellers listed with a Realtor®

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This past year was definitely a strong seller’s market, according to recently released data from the National Association of Realtors®. With stiff competition among buyers for the low number of listings available in the marketplace, you might think that homeowners would opt to sell their own houses. However, for-sale-by-owner properties were at an all-time low. In fact, 91 percent of sellers listed with a Realtor® in order to take advantage of the professional agent’s knowledge of the market and expertise in negotiating the sale.

Here are some other trends about home sellers in 2018:

  • Nearly 45 percent moved up to a larger house.
  • The median gain in their home equity was $55,000.
  • The average time spent living in the home before selling was 9 years.
  • The typical distance between the property sold and the property purchased was about 20 miles.
  • Typically, Listing with a Realtor gets you more money than going alone.

For more information on selling and/or buying in today’s market please call, email, or text anytime to go over all your options, steps, costs, time it takes and how to get the best deal possible.

Five Star award Winner 2011- 2019 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

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- rachel@rachelsheller.com

View an accurate list of  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!

Gresham Townhome style Condo by Golf Course $189,999~ RMLS# 1921782

PRICE ADJUSTMENT to an amazing price of $189,999

PRICE ADJUSTMENT! PRICED TO SELL!

 1702 NE Hogan Drive Gresham, OR 97030~ RMLS# 19217282~ Asking $189,999

This a rare floor plan that features 3 full bedrooms, 1 ½ remodeled bathrooms, plus a bonus/office, and deeded carport. This gorgeous home boasts a big master bedroom with JUMBO walk in closet with built in safe, and slider to covered deck for you to enjoy the soothing creek.

You’ll love the open & bright feel of this fabulous home. The newer laminate floors on the main floor make the unit feel extra big, plus the slider to the patio gives your eye a peaceful sight line. All appliances are included in the sale of this home Fridge, range, dishwasher and clothes washer & dryer. All you have to do is move in! The HOA monthly covers water, sewer, garbage, exterior maintenance, common areas, landscaping, recreation center, and pool. You’re close to everything! Take a look at this exceptional value in Gresham. FHA approved complex too! For more info, photos, and virtual tour go to my website.

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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington