HOUSING MARKET CHECK UP

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

Rachel Sheller Realtor, Broker, CRS,ABR,GRI,SRES Licensed in Oregon with Oregon first 503.380.9634 homesforyou@frontier.com IT’S A GOOD LIFE!! to see ALL available listings go to my web site. Just type in my name.

IT’S A GOOD LIFE!!

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

MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent

Oregon 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

Five Star award recipient 2011-2017 honoring the top 7% of real estate professionals in Oregon.

***I’M NEVER TOO BUSY FOR YOU AND YOUR REFERRALS***

CURRENT STATE OF OUR PORTLAND-METRO REAL ESTATE MARKET

Hang on! We have started another very active year in real estate on a fast and furious tempo! Our very latest numbers have come out and right now we have 1.8 months of inventory on the market in all of the Portland-Metro areas. That is up just a bit from the month before at 1.2 months of inventory. This is important because the ‘months of inventory’ gauges the overall health of the real estate market. A balanced, robust market usually hovers around 6 months of inventory. A Buyer’s market is typically is over 6 months of inventory, Where as, a Seller’s market is everything under 6 months. As you can see we have been in a seller’s market for a long time.

This low inventory situation would normally have a damaging effect on the market, but because the interest rates are so very low, the current market is competitive, and thriving but not damaging. On average, we see an influx of homes hitting the market around May-August.  If you were thinking of making a move this year now is the time to start talking with me about it. This is your year!!

MEDIAN SALES PRICE

The median sales price shows an increase of 8.1% in the past 12 months! That is a big jump if you consider the entire sales price of your home…or your potential home you want to buy. This is why buying early in the year is such a good idea. Your home should go up nicely in value this year, but so should the home you want to purchase.

AVERAGE TIME ON THE MARKET

The average time a house stays on the market is up by one day to 57 days on the market. If you have been looking at houses, you know the good ones go in a day or two, with multiple offers. Assuming they are competitively priced and not over priced. Yes, you can still over price your home, even in such a hot seller’s market.

For more information on all things real estate: buying, selling,  getting ready to sell, staging (important even in this market), timing, and what your home is worth in this HOT market please call, email, or text anytime.

IT’S A GOOD LIFE!!

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

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 @ my web site

Licensed in the State of Oregon

 

Portland-Metro areas have the highest prices since 2007. What this means…

Yep, your reading the graph correctly. We have the highest average sales price since 2007. We are at the highest its been for well over 23 years. If you have been waiting to make a move, then your time is NOW. With the low inventory (hovering around 1.2 months) and the super low interest rates it is a perfect time to buy. It’s just a matter of time before the Federal Government raises the interest rates to cool the market a bit. Until then, if you have been thinking about it this is the perfect time.

For more information on selling your home, buying a new one, the costs, time it takes, steps involved, getting ready to sell, etc. Call, email, or text me anytime for detailed information, or if you just want to talk about all your options.

Five Star award recipient 2011, 2012, 2013, 2014, 2015 & 2016 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

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 Oregon

 

 

PORTLAND/METRO MOST CURRENT REAL ESTATE STATS & NUMBERS

October Residential Highlights

October brought some cooling to real estate activity in the Portland metro area, but pending sales were still on the rise this was the strongest October for pending sales in the area since October 2005. Inventory in the Portland metro area decreased slightly in October to 1.8 months. Remember 6 months is considered a balanced market. Anything under 6 months is considered a sellers’ market and above 6 months is considered a buyers’ market. We are in a STRONG sellers’ market right now. We have actually been in a sellers’ market for well over 3 years.

Total market time in holding steady at 46 days (Time it takes to get an accepted offer on your home).

Sale Prices and the Future of Real Estate

Prices continue to rise. The median sale price rose a whopping 7.0% for all areas (All neighborhoods are different-for your call, email or text me).

The interest rates are still very low making it affordable to purchase even though the prices are rising. The economic forecasts I have heard say we are in in for another year of increased prices!

This is very good news people! If you are waiting to make a more or wished you would of done it before the crash NOW is the time! Call, email, or text me for information on selling or buying residential property. You’ll be glad you did!

Five Star award recipient 2011, 2012, 2013, 2014, 2015 & 2016 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-Oregon First, Realtors

Direct 503.380.9634 Email-    homesforyou@frontier.com

View ALL available Houses on the market @ my Web Site-

WONDERFUL WOODBURN HOME FOR SALE!

Welcome home to your wonderful Woodburn home! Nestled in a charming side street this home has many fabulous amenities! Wood floors under carpet (bedrooms and living room), lots of windows, 912 SF of living space, BIG, BRIGHT kitchen with appliances included (FS-Range, FS Fridge AND clothes washer & dryer too!!). Spacious 11 X 7 utility room, detached 1 car garage, room for RV parking in driveway…..just needs a little TLC to make this darling home shine!! see more photos & information at my website. RMLS#15170094

OPPORTUNITY KNOCKS!! Build your own sweat equity! NEW LISTING!!

Bring your tool belt! This beauty just needs some TLC to shine. This is an amazing opportunity for you! This fabulous home features an enormous 3 car garage that has 220, an office and storage area-VERY RARE. This home also features covered RV parking, calming deck overlooking the spacious private back yard, extra large kitchen with lots of light. Open floor plan throughout and hardwood floor.
This beauty is in a perfect location off the main thorough fair but with easy access to public transportation. You are also located at the foot of Powell Butte-Walking trails just down the road. RMLS# 15430922
SEE ME on my website!!

BASIC LAW OF ECONOMICS IN REAL ESTATE.

It’s a basic law of economics: Demand goes up. Supply goes down. Prices rise.
Nationally, that’s happening right now. With normal population increases and an improving economy, demand is growing, and supply is tight in many areas.

Additionally, despite analysts’ predictions, interest rates have held at relatively low levels. Low rates keep home payments more affordable.…

What might this mean for you?

• If you’re in the process of buying or selling, you’re probably in a good spot. Many sellers are seeing higher bids, and many buyers can afford to make them because of currently low rates.
• If you’re planning to stay in the home you now own, it’s likely your home value is growing. More equity and the possibility of refinancing at today’s rates create a comforting combination that’s tough to beat.

If you are looking to buy or sell real estate give me a call. I’m here to help.

Thank you Randy Drizwicki for this great article
All Western Mortgage

RARE ONE OWNER HOME IN ONE OF GRESHAM’S FINEST NEIGHBORHOODS!

Welcome Home! RARE, one owner home has been lovingly cared for and maintained since new! This gorgeous home features 4 spacious bedrooms, 2 1/2 bathrooms (both full baths have been remodeled/updated), 2 oversized car garage with room for a good sized shop/work area, large living room with vaulted ceilings and cozy wood fireplace, fabulous 19 X 14 family room with another cozy fireplace, and wood wainscoting, plus big fenced, private backyard all situated in one of Gresham’s highly sought after neighborhoods. Sam Barlow School district.
Remodeled (In approx. 1999), bright, great room concept kitchen  includes all appliances, new neutral flooring, and vaulted ceilings. The expansive dining room also has vaulted ceilings and a slider to your gorgeous deck that overlooks your private, fenced back yard. AHS Home warranty included!
Move in ready and just waiting for you to can it HOME!! RMLS#15077480

YOUR HOME-FALL DECOR

DECORATING FOR FALL

Can you believe that the first day of fall was September 23rd, 2015?

My goodness, time flies. Since fall is upon us, this might mean that your home is in need of some fall decor updates. Fall provides the opportunity to update your decor with deep bolder colors and unique accents. Below are some tips you might want to incorporate into your fall home decor:

• Vintage Finds – try browsing your local thrift shop to find unique and often times, affordable goods. Not only can vintage finds add unique touches to your decor, it is also a great way to be eco-friendly because you are recycling old items as opposed to purchasing new ones.

• Neutrals – neutral colors can add a warm and elegant look to any room. Try incorporating neutrals with a pop of color for contrast.

• Warm Wood – warm wood can give your home a vintage and rustic feel. If you are looking for a rustic touch, try adding some wood accent to your decor.

• Bold Accent Colors – try decorating with deep accent colors like yellows, blues and orange. When pairing neutral colors with these bold accents, it can give a room a burst of personality and charm.

• Textures and Patterns – when done subtly, a bold texture and/or pattern can give a room tenacity without being overbearing. Try adding unique, contrasting, yet complimentary textures and patterns to your rooms to add a hint of creativity and personality.

Thanks you Mark Alto with Summit funding for this wonderful article.

for more information on staging your home and getting it ready to sell call, email, or text me anytime.

6 TIPS FOR BUYING IN A SELLER’S MARKET

In many regions across the U.S., it’s a tight market – inventory is low and demand is high. Our market in the Portland/Metro locations is no different. While this is great for sellers, it can be tough for buyers. But there are some steps you can take to increase your chance of getting the house you want without paying more than you should.

1. Get pre-approved. Make sure your financial ducks are in a row and get a pre-qualification or pre-approval letter from a reputable lender. This will allow you to move fast when the right house comes along and show the seller that you’re a viable buyer who should be able to close quickly.
2. Expand your search methods. Work with a real estate professional who will know about houses coming onto the market. See if family, friends or coworkers know of any houses coming up for sale and tell your REALTOR^®.
3. Separate needs from wants. In a competitive market, you’re going to have to compromise on something – location, amenities, home condition, etc. Know ahead of time what you must have and what you can let slide, so you don’t waste time deciding.
4. Be flexible. Show that you are willing to move as quickly, or as slowly, as the seller wants. Some houses are being sold the week (or even the day) they are listed, so you need to be easy to work with.
5. Sweeten the pot. Find something you can offer that will make the seller want to do business with you – offer more cash upfront, waive mortgage or inspection contingencies, or forego the seller-provided warranty. Make it a good deal from the seller’s perspective.
6. Know your limits. Keep in mind that lenders often approve you for more than you can actually afford. So figure out your realistic limits, and don’t let a bidding war push you out of your price range.