Tag Archives: #realtor

2021 REAL ESTATE FORECAST

The current Portland-Metro Real Estate market is sitting at 1 month of inventory. That is the lowest I have seen in my almost 24 year career in real estate. That means it is a strong sellers market. On the contrast, the interest rates are the lowest I’ve ever see also, in the 2%. The low inventory and the low interest rates balance each other out a bit. The market is dynamic and robust and is not expect to cool at all in 2021.

In 2021 we are expecting a 3%-7% increase in sales price. Entry level homes in the low-mid $300,000 will see fierce competition and multiple offers. While we saw some slowing in the luxury, higher end homes in 2020, I believe we will see more interest in that price point as the interest rates make it more attainable. Our mid priced homes, $400,000-$800,000, will be in high demand as people are looking to buy bigger and have more room for home offices, classrooms and multi-generational living. 2021 is expected to be the big migration.

Here are some predictions and reasons for a banner coming year in real estate:

  • NAR’s Chief Economist, Lawrence Yun, is predicting Home Sales will rise between 5%-10% in 2021
  • This will be due to continued job recovery combined with record low mortgage rates
  • Home prices are expected to increase 3%-5% nationally
  • Low rates are expected to stay around for the next few years, meaning there will continue to be an increase in demand for homes. It will stay a seller’s market!
  • The main factors impacting the market will be:
    • Decentralization: People moving out of the city and into the suburbs because they are able to continue working remotely or will only be going into the office part time.
    • Relocation: Remote workers are on the move. Right now stats show that nationally 14-23 million remote workers are looking to relocate and more than half of them want to move at least 2 hours away from their work location. Looking for places with better weather, areas that align with their ideologies, better high speed internet access, etc. This makes it important to build a referral network of agents in other areas.
    • Upsizing: More and more people are wanting bigger homes with more rooms to accommodate working from home and homeschooling.

The National Real Estate market isn’t expected to slow down anytime soon and neither is the Portland-Metro Real Estate Market. If you have been contemplating making a move I recommend you do it sooner than later. Now is the time to prepare for 2021. Call me for information on selling and buying in this fabulous Real Estate Market.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2021 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller, Realtor, CRS, ABR, SRS, GRI, SRES, RENE, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker, 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!

Fabulous Sandy Home! Move in ready and priced to sell!

39707 Pleasant Street Sandy, OR 97055 Asking $319,999 RMLS# 20274641

Charming and sparkling clean Sandy home! Large .15 Acre lot situated in a perfect location! 2 spacious bedrooms, 1 adorable full bath with wainscoting, 2 car garage, All vinyl windows (all new except 2), recently painted exterior, newer kitchen & laundry room flooring, newer front porch, newer garage door. Cozy and efficient pellet stove in good sized living room. Custom butler buffet cabinet plus newer flooring & SS appliances in kitchen.  Spacious laundry room. Ring doorbell included. Big fenced back yard and darling back deck for all your summer fun! RV Parking too boot! Just minutes to shopping, schools & public transit. Carpet just cleaned and in move in ready condition! Don’t miss this one!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, SRS, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker, 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!

LOCATION! LOCATION! LOCATION! Lower SE Home Asking $399,999

4920 SE Boise Street Portland, OR 97206~Asking $399,999~ RMLS #20263561

Location, Location, Location! This home has been lovingly cared for by one owner for over 50 years! You’ll love the charachter throughout & high ceilings on the main floor. Rare alley access.  Open & bright kitchen with eating area. Newer furnace. Low maintenance vinyl siding, Newer furnace, fenced back yard, Big master suite on the main floor with 2 big closets and Jacuzzi tub,

There’s a lot to love with this beauty. For more info and virtual tour go to my website.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.  

Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First- Principal Broker, 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!

GORGEOUS OREGON CITY 1 LEVEL HOME ON 1 ACRE! $564,999 RMLS #20252786

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller- Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker, 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!