Latest & Greatest Portland-Metro Real Estate Stats- November 2019

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.

October Residential Highlights

Oregon City/Canby is leading the pack right now at 4.9% appreciation! Winds of change are a blowin’. It still is a really good time to make a move if you’ve been kicking it around. Most people don’t know the Winter months are great times to move. Less completion if your a seller, and if your a buyer there typically have been many houses that have been sitting on the market ready for negotiation. Here are some stats;

Pending and closed sales saw gains this month in the Portland metro area, compared with October 2018. Pending sales (2,575) rose 3.7% over the 2,484 offers accepted in October 2018, falling 4.1% short of the 2,686 offers accepted last month in September 2019.

Closed sales (2,588) rose 6.1% from the 2,440 closings recorded last year in October 2018 and increased 8.9% compared with the 2,377 closings recorded last month in September 2019.

New listings, at 3,064, decreased 1.2% from October 2018 (3,100) and 11.7% from September 2019 (3,470).

Inventory decreased slightly to 2.4 months this October, while total market time rose by two days to land at 54 days.

Average and Median Sale Prices

Comparing 2019 to 2018 through October, the average sale price has increased 1.2% from $453,600 to $459,000. In the same comparison, the median sale price has increased 2.5% from $400,000 to $410,000.

For more information on what these numbers mean to you, please call, email or text. I’m here for you and your!

IT’S A GOOD LIFE!

Rachel Sheller, 503.380.9634, rachel@rachelsheller.com

Oregon First-Principal Broker, Washington First-Managing Broker

CRS, CSA, ABR, GRI, SRES, Diversity Specialist

FIVE STAR AGENT IN PORTLAND-METRO 2011-2020
***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Licensed in the State of Oregon and Washington

Client Review For Rachel Sheller

“Rachel went above and beyond with the sale of our home. She came over multiple times before our house went on the market, helping us stage and prep our home to sell quickly and what we wanted it to sell for. Her knowledge of the area, buys and sellers, and the market were a tremendous help to us! Rachel made us feel valued and important being responsive to any of our needs prior to going on the market, during the process and with closing on our house. She was always an advocate for us when negotiating with the buyers and gave us her honest advice throughout the whole process. We were so fortunate to have Rachel represent us and help us sell our first home!”

~Jon & Nicole Nelson

To view more testimonials please go to my website.

“It is my life’s work and deep honor to help people build wealth through real estate either with slow growth and/or quick “flips” all while sharing a sense of humor and dogged determination to protect my client family through the stages of selling and buying”- Rachel Sheller

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-Oregon First , Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Washington First-Managing Broker

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!

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

 

$159,000 AFFORDABLE 2 BEDROOM CONDO IN REALLY NICE COMPLEX 4768 W Powell Blvd #322

This gallery contains 18 photos.

WELCOME HOME! This Condo is affordable, clean, and comes with a whole host of amenities: 2 spacious bedrooms Master suite with attached bathroom 2 total bathroom Detached 1 car garage (G12) Carport close to entrance of condo (P49) 1079 total SF … Continue reading →

CLIENT TESTIMONIAL- THANK YOU SCOTT & MEG!

Thank you Scott & Meg for this absolutely wonderful testimonial. You are such wonderful people. I’m honored to be your realtor…..For life!

“As first time buyers, our experience with Rachel was amazing. She really took care of us from beginning to end, and her attentiveness and thoroughness helped us feel secure throughout the process. She’s a rockstar advocate to have on your side of the table. Her tenaciousness secured our house for us over five competing offers and her career’s worth of connections and willingness to make all the arrangements helped the inspection process move quickly and smoothly. We are so glad that we were referred to Rachel, and will be forever thankful for everything she did to help us get into our first home. –Megan & Scott Cutler”

 

FABULOUS FIXER WITH FLOWING FLOOR PLAN IN GRESHAM!

Opportunity knocks! Fabulous fixer with flowing floor plan in one of Gresham’s finest neighborhoods! This beauty just needs TLC to make her shine. The home features 4 bedrooms, 2 1/2 bath, 2 car garage, corner lot, hardwood floors, BIG family room with gas fireplace, vaulted ceilings, open floor plan, lots of natural light, gas range, pantry in kitchen, master suite with walk-in closet and bath with double sinks. Sold AS-IS. Sam Barlow School district. Walk to schools, transit, and shopping. Perfect location! Call, Email, or Text Rachel for more information or go to my website for more photos and info. RMLS#16359124

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 @ Web Site-

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

 

JR. ACRE IN DAMASCUS~ 1 LEVEL HOME! $369,999

This immaculately kept home is situated in one of Damascus’ finest neighborhoods and sits on a flat, usable .80 acre lot, features a 36 X 36 Pole Barn with a concrete floor and 12 ft. door to fit even the biggest toys! The sparkling clean home has been lovingly cared for by the same owners for the past 39 years and the pride of ownership is obvious! This gorgeous home is tastefully updated throughout, neutral colors, and has 3 spacious bedroom (Master with half bathroom), 1 1/2 updated bathrooms, 2 car attached garage, 14 X 10 Family room, Water line replaced to street about 3 years ago, new septic tank (2 years ago), brand new gas furnace (6 months ago), absolutely beautiful 24 X 12 covered deck with custom built in sitting benches. room for all your toys, family and friends! RMLS#16207186

For more information call, email, or text Rachel

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

To view this and ALL available Houses on the market, go to my website.

 

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