Portland-Metro Real Estate Stats 10/2019

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Monthly Local Market Report

How’s The Market?

Below is an excerpt from the Regional Multiple Listing Service’s most recent “Market Action” report that comes out monthly and is e-mailed to all member Realtors. This is data specific to the Portland Metro Area market.

September Residential Highlights

Pending and closed sales saw gains this month in the Portland metro area, compared with September 2018. Pending sales (2,686) rose 8.7% over the 2,471 offers accepted in September 2018, falling 8.3% short of the 2,929 offers accepted last month in August 2019.

Closed sales (2,377) fared similarly, rising 4.6% from the 2,272 closings recorded last year in September 2018 but showing cooling of 18.1% compared with the 2,901 closings recorded last month
in August 2019.

New listings, at 3,470, decreased 3.8% from September 2018 (3,606) and 7.6% from August 2019 (3,757).

Inventory increased slightly to 2.8 months this September, while total market time rose by four days to land at 52 days.

Average and Median Sale Prices

Comparing 2019 to 2018 through September, the average sale price has increased 1.1% from $453,800 to $458,900. In the same comparison, the median sale price has increased 2.5% from $400,000 to $410,000.

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The above table with data from the RMLS for specific areas. Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months with the 12 months prior. Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market:

For more information on your neighborhood, and property (each neighborhood is valued differently) call, email, or text me for more information.

IT’S A GOOD LIFE!! RACHEL SHELLER
Principle Broker,Realtor,CRS, ABR, GRI, SRES, CSA (Staging Agent)
HOWNW, MASTERS CIRCLE
Five Star award 2011-2019
Oregon First Realty
Direct-503-380-9634
Email~ rachel@rachelsheller.com
123 E Powell Blvd. #101
Gresham, OR 97030

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

Licensed in the State of Oregon

SOLD! North PDX by U of P!

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CONGRATULATIONS Thuy & Nam on the sale of your family home! I’m honored to be of service! Thank you so much!

This is the time to sell! 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!

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2019 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

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

GORGEOUS GRESHAM TOWNHOUSE BY THE GOLF COURSE $174,999

1704 NE Hogan Gresham, OR $174,999, RMLS 18466084.

Open and flowing floor plan greet you when you enter this cheery Townhouse. Completely and tastefully remodeled throughout showcasing neutral timeless colors!

Some of the features include, 15 X 12 open Livingroom with gorgeous laminate flooring (new in 2016) and slider to relaxing patio that overlooks Burlingame creek is sure to delight you for years to come. Enjoy your spacious master that has a jumbo 10 X 5 walk in closet and its own fabulous covered deck for your year round use.

The light & bright remodeled kitchen features all new cabinets, new flooring, SS dishwasher, SS stove, and SS Bi-microwave (all in 2016). The Fridge and clothes washer and dryer stay too! Literally ALL the appliances you need are included!

Both bathrooms are sparkling clean and remodeled to please. This unit includes covered parking #1704. This unit also includes plenty of storage including an outside storage on back patio and double hall closets on the upper floor. Reasonable monthly HOA fee covers water, sewer, garbage, pool, rec-center, exterior maintenance. Roof and Exterior painted on this unit in 2016. Perfect location and priced to sell! All you need to do is move in and start enjoying your low maintenance and carefree lifestyle! WELCOME HOME!

New: Doors, ceiling fan, baseboard heaters upstairs in bedrooms, carpet, remodeled upper bath, upper bedrooms new baseboard molding, new lights in bedrooms and bathrooms.

2016: garbage disposal, flooring lower level, stainless steel dishwasher, stainless steel stove, stainless steel BI-microwave.

I just love the higher end qualities and standard or living for a fraction of the price. I love the affordability of this home. All you need to do is move in and enjoy your life! I love the creek behind to enjoy the wildlife. Take a look, you may find you love it too!

WELCOME HOME!

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***