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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

Portland-Metro Real Estate Stats 10/2019

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.


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

First Time Buyer Review For Rachel Sheller

“Rachel is the best realtor anyone could ask for! She is extremely helpful and knows everything about the process. She’s an expert and I would feel more than comfortable having her help my family and closest friends! Rachel is a fantastic resource and was very patient with me in helping me through my first-time home buying experience! I can’t imagine ever using anyone else.”
-Matthew Hunt

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2019 honoring the top 7% of real estate professionals in Oregon.

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

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!

Client Testimonial For Rachel Sheller

“Choosing Rachael to help us find and purchase a home was the right choice!! She helped me sell my home three years ago and was amazing, so when my boyfriend and I decided to look into buying a house I reached out to her knowing we’d be in good hands. Rachael’s integrity and kindness made the  process comfortable, easy, fun, and stress-free as possible. This was very important to and Nels quickly become comfortable with her. She’s a strong negotiator with impressive follow-up skills, trust me – she’s on it like a dog with a bone. On more than one occasion he’d ask “does she ever stop?”. She has a network of professionals she works with to make sure scheduled deadlines are met. It’s evident Rachael has a heart for people, and a passion for making anyone’s realestate dreams come true. Choose Rachael, you’ll be glad you did” -Colette Moore

Thank you Colette. The honor is all mine!

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

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!

1 Level Living At It’s Finest In Argay Terrace! Move In Ready! Asking $384,999

3860 NE 143rd Avenue Portland, OR 97230

Asking $384,999, RMLS# 19193754

1 level home kept in pristine condition. 3 good sized bedrooms, 2 ½ bathrooms, 2 car attached garage, central air, .17 Acre  corner lot, private fenced back yard with serene & mature landscaping,  18 X 12 covered patio, sprinkler system, and potential for smaller RV parking. Beautiful Kitchen was completely remodeled featuring all appliances, soft close drawers, pantry, eating bar, eating area & so much more! Fabulous family room with fireplace & solar tube. Spacious master suite with GORGEOUS remodeled bathroom with mini step into shower, plus walk in closet. Your gonna love the Argay neighborhood! For more information, photos and virtual tour go to my website.

RACHEL SHELLER
Principle Broker,Realtor,CRS, ABR, GRI, SRES, CSA, HOWNW, MASTERS CIRCLE, Five Star award 2011-2019, Oregon First Realty
Direct-503-380-9634 rachel@rachelsheller.com

Terrific Tri-Level with potential for second living area $329,999 RMLS#19131229

16939 SE Kelly Street Portland, OR 97236

Asking $329,999 RMLS# 19131229

Terrific Tri-Level home situated on a corner lot in a great Portland Neighborhood. 3 full bedrooms with bonus/4th bedroom, 2 bathrooms, big 19 X 12 family room, and potential for RV parking. Lower level might be used as second living are? In 2012: new roof, siding, windows, wall insulation, exterior paint and kitchen update (new flooring, counter tops, back-splash and appliances). Back yard is fenced and feels a private oasis! Welcome home! For more information go to my website.

IT’S A GOOD LIFE!!

RACHEL SHELLER
Principle Broker, Realtor,CRS, ABR, GRI, SRES, CSA, HOWNW, MASTERS CIRCLE, Five Star award 2011-2019, Oregon First Realty
Direct-503-380-9634 rachel@rachelsheller.com