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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

Housing projections for 2020 & beyond

Housing projections for 2020 & beyond

Looking into their crystal balls, real estate experts share these predictions and trends:

  • New home starts will continue to lag behind consumer demand, especially among millennials. Based on statistics from the past three years, the supply of homes will remain tight as the number of new households and demolition of run-down properties outpaces the rise in new construction.
  • While some fear an inevitable economic recession on the horizon, most economists see a stable leveling off of the housing market, but not another crash similar to 2007-2009.
  • Austin ranks No. 1 among the fastest growing cities in America. Driven primarily by tech growth, many smaller metros such as Raleigh-Durham, Indianapolis and Portland are also trending in the nation’s top 20.
  • Walkable, urban senior living condos and smaller homes are one real estate market where many predict consistent growth thanks to the health and wealth of baby boomers.

For more information on the 2020 real estate forecast and what that means to you as a seller or buyer or both, please call, email, or text me anytime.

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-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!

Seller Review For Rachel Sheller

“The weeks leading up to my Mothers passing she had told me on several occasions to contact Rachel Sheller and that she would not only sell her house for me but she would make sure that everything would go smoothly. Rachel was listed in my Moms final paperwork after her death naming her as the person she chose to sell her home. Rachel was more then just my Moms Realtor she became some one my Mom trusted and believed in. My Mom placed Rachel in my life for a reason. She not only has alot of knowledge, expertise, skills and responsiveness, she is also kind, honest, and hardworking. She keep me grounded during such a difficult and stressful time. My Mom was right to the end, Rachel took care of me and completed the job my Mom asked for her to do. And I got the sale price I was looking for! Rachel is truely good at what she does but she is also someone you want on your side, and ill cherish the time I spent with her.”

Koie Steen

This review means more to me than I can possible say. To be included in someones final requests is an honor beyond words for me. I am deeply moved and feel grateful to be able to help.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2019 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!

HEAR YEA! HEAR YEA! Latest and Greatest Real Estate Stats For The Portland-Metro Market. CHANGE IS HERE!

CHANGE IS HERE! Take a look at the very latest real estate stats for the Portland-Metro areas. The market is slowing a bit because of the time of year (We always see a slow down after school starts), but also because the local market has been and is changing to favor the buyer more.

In Portland-Metro last month pending sales saw the sole gain in the Portland metro area. There were 2,929 pending sales, a 6.1% increase over the 2,760 offers accepted last year at the same time but falling 2.3% short of the 2,998 offers accepted last month.

Closed sales, at 2,901, decreased 2.2% from the 2,967 closings recorded in August 2018 and fell 1.5% short of the 2,944 closings from July 2019.

New listings (3,757) fared similarly, ending 10.8% lower than in August 2018 (4,214) and 5.3% lower than last month in July 2019 (3,966).

Total market time rose by five days in August to end at 48 days. Inventory held steady at 2.3 months.

Average and Median Sale Prices

Comparing 2019 to 2018 through August, the average sale price has increased 1.0% from $454,500 to $458,900. In the same comparison, the median sale price has increased 2.2% from $401,000 to $410,000.

If you have been waiting to sell! Wait no longer! Take a look at the Portland-Metro appreciation values. We are seeing 4 areas with negative appreciation, vs 3 areas last month. the market is starting to slow and show signs of change. Overall, the market is Robust and strong with an overall appreciation of +1%. That is a big change from a year ago, or just 6 months ago.

It’s a GREAT time to buy because prices are leveling off and interest rates are still low. It’s also a good time to sell as there is less competition and the interest rates are low. Interest rates have a strong affect on our market. For more information on buying and/or selling in today’s market, please call, email, or text anytime.

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-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!

 

Most Current Real estate Stats For Portland-Metro!


Residential Highlights:
The Portland metro area saw mostly gains this April, with new listings leading the way. There were 4,210 new listings, a 5.5% increase over April 2018 (3,990) and a 20.1% increase over the 3,504 offered last month in March 2019. This was the strongest April for new listings in the area since 2010, when 4,713 were offered.

Pending sales, at 3,102 in April, increased 3.1% over April 2018 (3,008) and 13.3% over March 2019 (2,738).

There were 2,409 closings in the region in April, a 10.4% increase over March 2019 (2,183) but a decrease of 4.5% from the 2,523 closings recorded last year in April 2018

Total market time decreased in April to 53 days, with inventory holding steady at 2.2 months. There were 5,400 active residential listings
in the Portland metro area in April

Average and Median Sale Prices
Comparing 2019 to 2018 through April, the average sale price has increased 0.3% from $444,600 to $445,900. In the same comparison, the median sale price has increased 1.2% from $395,000 to $399,600.

For more information how these stats effect you and the value of your home please call, email, or text. I LOVE Real Estate.


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,MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, -Certified Staging Agent, Oregon First, Washington First 

Direct: 503.380.9634, Email- rachel@rachelsheller.com

View this 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!  

WELCOME HOME! Open, bright & open floor plan your gonna LOVE!

Asking $339,999~ 15933 SE Mill Street Portland, OR 97233~ RMLS#18312822

WELCOME HOME! This home is a beauty! Light, bright and move in ready. Tastefully & fully remodeled about 6 years ago. The open floor plan, enormous kitchen,  spacious master w/walk in closet & bath, plus the jumbo family room are sure to please. Three full bedrooms, 3 full bathrooms, with a Family room so huge there is a possibility to make a 4th bedroom in it. Spacious over-sized 2 car garage, central air,  low maintenance vinyl siding, newer windows (about 2011), two cozy fireplaces, fenced back yard, fire-pit area ready for your enjoyment plus so very much more. Just too many amenities to list-see more info on this home on my website.

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-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

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

 

 

Home maintenance: your fall to-do list

Regular maintenance on your home gives you peace of mind and keeps your resale value strong. Putting some energy into seasonal and biannual tasks now will set you up well for holiday entertaining.

Here are 9 items to include on your fall to-do list:

Clean the gutters: Clear out any leaves and debris, and ensure your downspouts are draining properly. This will help prevent wood rot, keep away pests and prolong the life of your gutters.

Check smoke/carbon monoxide detectors: It’s recommended to do this each spring and fall, so give them a test and replace batteries if needed.

Inspect and clean the dryer vent: It’s recommended that you have your dryer vent checked once each year. Excessive lint buildup can pose a dangerous threat of fire.

Clean the chimney: Whether you have a wood-burning fireplace or gas logs, hire a professional to inspect and clean your chimney once a year.

Service your HVAC: Call a professional to service your HVAC components to see if everything is running efficiently. Make sure to change your air filter and test your thermostat as well.

Deep clean indoors: Polish wood floors, scrub down cabinets, vacuum hard-to-reach spaces, wipe down the fridge, dust ceiling fans, etc. This will make hosting easier with the busy entertaining season quickly approaching.

Spruce up the yard: Rake leaves, prune back bushes and trim any trees that are getting too close to power lines or the roof. This will promote healthy growth and protect your property from falling branches.

Inspect windows and doors: Check for drafts and re-caulk or add weatherstripping where needed.

Reseed/fertilize the grass: Lawn-and-garden experts recommend fertilizing in the fall and spring, and fall temperatures are ideal for helping cool-season grasses
take root.

I hope this little list helps you prepare for Winter. If you need professional real estate help, please call, email, or text anytime.

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, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington 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 and Washington

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