Tag Archives: Portland realtor

Here is how to spot the next hot neighborhood

Image result for cool neighborhood

Location, location, location
Location is one of the most important elements – if not the most important element – to consider in a home search. While it’s easy to find markets that are already buzzing, how can you spot up-and-coming neighborhoods?

Uptick in businesses
Take note when chic hotels, stylish boutiques and trendy restaurants begin to emerge in the surrounding areas. If a neighborhood is creating a higher demand for new venues, then its property values are likely to soar.

Fixer-upper potential
Neighborhoods that may be considered past their prime but offer unique architecture and structural integrity are prime real estate opportunities. Victorian, Tudor and Spanish-style older homes are popular, especially among millennials and first-time home buyers who are willing to invest in a home that requires a little extra love, attention and elbow grease.

Fast-selling properties
As homes begin to spend less and less time on the market, it’s a good sign that the neighborhood is increasing in popularity. Sometimes, it only takes a few buyers taking an interest in a neighborhood before other buyers take note and begin to see its potential for future growth.

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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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

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If you’ve enjoyed my service, please refer me!