LATEST MARKET REPORT NUMBERS & STATS 11-11-2016!

October brought seasonal and expected cooling to the Portland-Metro real estate market. We are still currently in the midst of  a solid Seller’s market. The real estate market is still very robust and active despite the slowing of the market. We are currently sitting at 2 months of inventory on the market. That means it would take 2 months to sell all of the real estate on the market. This is expected to rise a bit in the coming months.

The average and median sales prices continue to rise in the Portland-Metro area. comparing 2016 to 2016 through October 2016, the average sales price rose 11.5% from $353,400 to $393,900. In the same comparison the median sales price rose a whopping 13.1%, from $305,000 to $345,000. These are big numbers people!

The average market time has increased by a modest 6 days. Making the average market time 41 days. The interest rates are still  very low and that counter acts the rising prices, making purchasing a home affordable and smart investment. In most cases the mortgage payment is less than rent would be.

If you have been sitting on the fence about selling, this is a good time to make that move! 2017 is estimated to be another good year in real estate , but just not as high appreciation. Slow, steady growth is what to expect. If you would like to talk about all of your options for selling your home, buying a new one or purchasing an investment property please don’t hesitate to call, email, or text.

 

Five Star award recipient 2011, 2012, 2013, 2014, 2015, 2016 & 2017 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

Diversity Specialist, HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors- Direct 503.380.9634

Licensed in Oregon

Email-    homesforyou@frontier.com

View ALL available Houses on the market @ my website

 

What’s going on in the world of real estate?

The annual “cool down” after the hot summer selling season has started. There is typically a “cool down” right after an election also. If you’ve been waiting for the right time to make that move or sell the house-The time is now! Interest rates are still super low and we are still seeing record numbers in appreciation. Call, email, or text me today for information tailored to you and your unique situation. I can help!

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, MASTERS CIRCLE

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

NEW LISTING IN GRESHAM! $229,999

Sparkling clean and move in ready! This home is perfect for the first time buyer or someone looking to “downsize.” HUGE RV parking sure to fit even the biggest toys. 3 full bedrooms, 1 bright & clean bathroom, absolutely GORGEOUS laminate flooring, central air, gas heat & H20. Large corner lot with an enormous back yard with AWESOME fire pit-perfect for all your summer parties. close to Mt. Hood Community college. shopping, transit and schools.  This beauty wont last long. Call, Email, or Text Rachel for more information or go to my web site  for additional info/photos. RMLS#16381538

 

CLIENT TESTIMONIAL-THANK YOU AUSTIN & DANI

Thank you Austin & Dani for a great testimonial you uploaded on Zillow. Mensa a lot. You guys are UH-Mazing too! We make a good team!

“Rachel is UH-mazing!! She’s so personable and dedicated to her clients. She doesn’t waste time and WILL get you the home of your adorable dreams! We used another retailer for 7 months before finding Rachel, losing out on 7 different offers. We put in one offer with Rachel and she made sure we got it! She also got my best friend a house on the first try too!” – Austin and Dani Manning”

NEW NE PORTLAND LISTING. GORGEOUS!! COMPLETELY REMODELED

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RMLS#16624434 4303 NE 80th Portland, OR 97218 $359,000 Prepare to fall in Love! Absolutely gorgeous total home remodel. New: roof, siding, water line, foundation, windows, hardwood floors, light fixtures, interior & exterior paint, landscaping PLUS remodeled kitchen with all new … Continue reading →

TESTIMONIAL FROM ANOTHER HAPPY CLIENT

Below is a testimonial from a fabulous client. I’m deeply honored to represent HER!

“I am honored to give Rachel Sheller this letter of recommendation. Rachel has worked with myself and my family on various real estate transactions over the past 15 years. She most recently worked with my daughter and her husband to sell their home and with purchasing another home and assisted me in the purchase of a new home.

Rachel demonstrates integrity and extensive knowledge when working with clients. Her knowledge of the current market and her work ethic shortens the duration a property remains on the market saving both time and money. She is sensitive to the needs of her clients and works hard to achieve their goals. She continues to work even after the papers are signed to ensure your experience from beginning to end is a successful and pleasant experience. I will continue to choose to work with Rachel for my real estate needs and have referred her often to family and friends.

I am confident Rachel can successfully assist you, too!”

Thank you so much Colleen for letting me represent you! I really appreciate the opportunity to be of service. I love being your realtor and also your friend.

 

GORGEOUS, REMODELED GRESHAM FARM HOUSE ON 2.33 ACRES $479,999

BIG price reduction! $479,999

Prepare to fall in Love! Absolutely gorgeous 2.33 private acre lot, 4 spacious bedrooms, 2 1/2 bathrooms, large mud room, office with French doors, large 2 car garage, greenhouse, new carpet, remodeled kitchen with enormous island, double oven, quartz counters and hardwood floors. This beautiful home has 2574 SF of living space and tons of character throughout. Quality, one owner home that has been lovingly cared for since new. Greenhouse and chicken coop included! Room for all your toys. Call, Email, or Text Rachel for more information. List price $479,999 RMLS#16108331

 

 

 

NEW NORTH PORTLAND, OVERLOOK LISTING!!

$359,999 RMLS#16320419

Talk about FABULOUS Location! This warm and inviting old Portland Home is situated in one of Portland’s highly sought after close in locations! This charming home features 3 spacious bedrooms, a large kitchen, BRIGHT sun porch, hardwood floors, large living room with cozy fireplace & unique mantle, 1 1/2 bathrooms, bonus storage & reading nook, full basement, detached garage with fenced RV or Boat parking. Character throughout. Call, Email, or Text Rachel for more information or go to my website for more information.

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***

 

SNEAK PREVIEW-LISTING ON THE MARKET TOMORROW

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ON MARKET 3/11/2016 YOU GET A SNEAK PEEK! Talk about FABULOUS Location! This warm and inviting old Portland Home is situated in one of Portland’s highly sought after close in locations! This charming home features 3 spacious bedrooms, a large … Continue reading →

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-