Spring 2022 – Portland Real Estate Market

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Welcome to another Portland Metro update on the residential real estate market! This Spring the market is great for sellers but not so much for buyers as inventory is still low and prices are rising. First time home buyers should now expect to pay $400-$500K for a starter home in the outer suburbs of Portland.

Spring is beautiful here with all the flowers blooming and I can’t imagine a nicer place to be this time of year. If you have a particular architectural style in mind or want to know the neighborhoods with bungalows, ranches or cape cod houses, I can guide you to your next home.

To view a detailed weekly market report from my preferred title & escrow partner click below.

PORTLAND Oregon Market Report


Call or text: 503.891.4725.

Thank you,
-Justin

Winter 21 & 2022 – Portland Real Estate Market

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Welcome to the Winter real estate market update for Portland OR. The residential market has cooled as usual during this time of year but as I write this flowers are blooming and activity is increasing. Prices rose another 10% or more from last year with inflation on the rise and inventory remaining low.

My guidance for the remainder of the Winter season is for Sellers to price their houses competitively. Buyers are in a tough position with the limited number of homes for sale. We are in a Seller’s market and it will be interesting to see how things develop during the coming Spring.

To view a detailed weekly market report from my preferred title & escrow partner click below.

PORTLAND Oregon Market Report

Thinking about buying or selling property in Portland or the surrounding area?
Call or text: 503.891.4725.

Thank you,
-Justin

Neighborhood Highlight – Sunderland

The Sunderland neighborhood in NE Portland is our next highlight. A small industrial area in Northeast Portland that includes the Riverside Golf & Country Club and borders the Columbia Edgewater Country Club. The PDX International Airport is right next door to the East and the Columbia Slough to the West. The Columbia River is at the North and the busy NE Columbia Blvd. to the South. There are only a few residential buildings here in this industrial neighborhood of Portland.

Thank you,
-Justin

Fall 2021 – Portland Real Estate Market

JUSTIN’s
Market Update

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Welcome to Fall in Portland Oregon. The residential real estate market in PDX has cooled during this season of change which is a normal shift. There are a couple of factors to consider for buyers and sellers with low inventory of houses for sale and longer days on market. Prices continue to rise but I do see price reductions becoming more common. These signs point to a weakening housing market and I am cautious about 2022 with large corp. investors selling off the houses they purchased to flip.

My guidance for the coming Winter season is Sellers to price their houses competitively as I am seeing multiple price reductions on many listings. Buyers are in a better position but competition is strong for houses priced right in good condition. We are still in a Seller’s market but it feels balanced as we head into Winter.

To view a detailed weekly market report from my preferred title & escrow partner click below.

PORTLAND Oregon Market Report

Thinking about buying or selling property in Portland or the surrounding area?
Call or text: 503.891.4725.

Thank you,
-Justin

Neighborhood Highlight – South Waterfront

Our next highlight is the South Waterfront along the Willamette River just South of Downtown Portland. This is a developed area with high-rise buildings, the aerial tram and Tilikum Crossing bridge. The tram connects OHSU with the waterfront and the bridge connects pedestrians to the East side. The colorful lights at night on the bridge change with the temperature of the Willamette River and are a wonderful display.

Image credit: City of Portland

The South Waterfront neighborhood is in South Portland, OR. The boundaries are the Ross Island Bridge at the North and S Bancroft St to the South.  The Western boundary is I-5 and the Willamette River out East. 

Thank you,
-Justin

Summer 2021 – Portland Real Estate Market

JUSTIN’s
Market Update

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Welcome to the Summer update for Portland Oregon. 

Residential real estate has been selling fast and for more than I would have expected this Summer. I witnessed numerous houses sell for 40-60k over asking price within a week of going on the market in outer NE Portland. The competition for first time home buyers has been tough but I do see a change as I write this following Labor Day.

My guidance for the rest of the season for sellers is to price their houses competitively as days on market are getting longer and price reductions are becoming the norm. We are still in a Seller’s market but it feels more balanced as we head into Fall.

At KOVER Realty, we are vaccinated and continue to follow state guidelines for COVID.

To view a detailed weekly market report from my preferred title & escrow partner click below.

PORTLAND Oregon Market Report

Thinking about buying or selling property in Portland or the surrounding area?
Call or text: 503.891.4725.

Thank you,
-Justin

SOLD! – Cozy Bungalow in Parkrose Neighborhood of NE Portland

3728 NE 113th Avenue, Portland OR 97220

1945 Bungalow In Historic Parkrose Neighborhood.
Bamboo floors, tile and carpet with updated kitchen & bath. 4 Bd, 1.5 Ba, 1508 sqft. Multiple living options with two rooms on the main floor and two rooms plus storage in the finished basement. Large fenced yard includes a covered patio and RV parking. Perfect for urban farming! Fantastic gated carport leads to an over-sized detached garage/shop. All aluminum gutters and AC installed!
ML#21333629

For more information contact:
Justin Sandifer, Principal Broker
503.891.4725

Ready to List Your Home?

KOVER Realty Services:

  • Over 15 years of Real Estate industry experience.
  • Negotiation, transaction and neighborhood knowledge.
  • Available 7 days a week, 8am-8pm.
  • Advertisement of your listing on RMLS, Regional Multiple Listing Service.
  • Front yard for sale sign including full color PermaFlyer.
  • Premium photography to showcase your house and yard.
  • Open house for optimal exposure.
  • Paperless & eMail contracts available.
  • Pet friendly, dogs and cats are our favorite!
  • We listen and work with your schedule.

KOVER Realty, local neighborhood Realtors®

Spring 2021 – Portland Real Estate Market

JUSTIN’s
Market Update

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Welcome to the Spring update for Portland Oregon. 

At KOVER Realty, we are vaccinated and continue to follow state guidelines for COVID. I am SO excited businesses are starting to open back up and people are out enjoying our beautiful weather!!

My guidance for the season for buyers is to be quick with offers as houses are selling very fast. Sellers continue to be in a strong position but need to price their houses competitively. The historically low number of houses and condos for sale in Portland puts us in a solid Seller’s market. Two houses in my neighborhood of Russell in NE Portland just sold for $40k over list price with minimal days on market for a 3bd, 1ba, 1000sf ranch home.

To view a detailed weekly market report from my preferred title & escrow partner click below.

Thinking about buying or selling property in Portland or the surrounding area?
Call or text: 503.891.4725.

Thank you,
-Justin

SOLD! – Well Maintained Ranch House in Hazelwood Neighborhood of SE Portland

$400,000 – 324 SE 139th Ave. Portland OR 97233.

Listed by Justin Sandifer and Wally Tesfa, a well maintained three bedroom and two full bath single level ranch house. Nice backyard with a deck and landscaping. The living room is warm and inviting with a gas fireplace. Aluminum ramp entry in extra deep garage. Recent improvements include a NEW roof, paint inside & out, new AC, newer gas furnace & water heater. Quick access to public transportation and Glendoveer green space.

Call 503.891.4725 for more information.