Portland OR July 2019 Real Estate Market Update

JUSTIN’s
July 2019 Market Update

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Welcome to July in Portland, Oregon.  With the mild temps and intermittent rain showers this Summer the Northwest has been beautiful and very comfortable.  The real estate market is staying in the Sellers favor with the number of SFR houses for sale remaining lower than the historical average.  This month is pretty much the same as June and I don’t expect any changes in the short term.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

July2019PortlandRealEstateMarket

If you are thinking of buying or selling real estate in Portland, I am here to help.

Thank you,

-Justin

For Sale – Mid-Century Ranch in Lorene Park Neighborhood Portland

1956 Mid-Century Ranch in Lorene Park neighborhood for sale $449,000.  Recently restored with attention to period correct details. ADU in finished basement, Oversized 2 car garage, 2 fireplaces, new paint in and out and mature landscaping. Original hardwood floors, Roman Brick, cedar and shake shingle siding, 4 Bed, 2 bath, 2454 sqft. on large lot.

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Call for a showing of 10725 NE Oregon St. Portland OR 97220.  Apt. only please 503-891-4725.

Thank you,
-Justin

Neighborhood Highlight – Grant Park

The Grant Park neighborhood in Northeast Portland is centered around a beautiful park sharing the same name. This historic and affluent neighborhood in PDX is lined with grand houses from the 1900s-50s and beautifully landscaped yards.  Grant Park is mainly residential but there is also excellent shopping available on NE Broadway St to the South.  On Broadway you have Fred Meyer and New Season’s Markets, Pets on Broadway, Hale Pele Tiki bar, and my favorite pizza in town at Blind Onion.

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Grant Park boundaries are NE 26th Ave. to the West, NE 37th and 47th Avenues to the East with the North zig-zagging between NE Knott St., NE Stanton and NE Wistaria Dr.  The Southern boundary is NE Broadway and NE Thompson St.   Learn more from the Neighborhood Association website HERE.

Thank you,
-Justin

Portland OR June 2019 Real Estate Market Update

It’s June and the market is steady, staying slightly in the Sellers favor. The Median list price has risen to $570,000 in the PDX Metro area and Days on Market has dropped to 81 on average. The number of single family houses for sale is still low in Portland but has increased lately giving buyers more options.  The market should remain the same through Summer and I don’t expect any drastic changes in the short term.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

June2019PortlandRealEstateMarketUpdate

If you are thinking about buying or selling real estate in Portland, I am here to help.

Thank you,

-Justin

Neighborhood Highlight – Woodlawn

The Woodlawn neighborhood in NE Portland is our next highlight.  Here you will find a mix of architectural styles with Bungalows, Ranches, Tudors and Cape Cod houses built along side each other.  You also have a mix of retail, office space, services and restaurants on NE MLK Blvd.  There are light industrial businesses along NE Lombard St. and Columbia Blvd to round out this inner Northeast PDX neighborhood.

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The boundaries of Woodlawn are NE Columbia Blvd. on the North and NE Ainsworth St. to the South.  The Western boundary is NE MLK Blvd. and to the East is NE 22nd Avenue.

You can learn more from the association website HERE.

Thank you,
-Justin

Portland OR May 2019 Real Estate Market Update

For May, the market is slightly in the Sellers favor with low inventory of SFR houses for sale in Portland.  The Median list price has risen to $550,000 in the PDX Metro area.  Days on Market has dropped to 88 on average which is about the same as April. One stat that stands out to me is 40% of properties show a price decrease so prices should level off for now.  All in all the market seems steady with no major up or down movement likely for the rest of Spring and Summer.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

May2019PortlandRealEstateMarketReport

If you have questions about buying or selling real estate in Portland, I am here to help.

Thank you,

-Justin

Neighborhood Highlight – North Tabor

This next Portland neighborhood highlight will be on North Tabor and it’s an area that I lived in for 6 years and travel through daily.  North Tabor is just North of the Mt. Tabor neighborhood and just East of the affluent Laurelhurst neighborhood, so you can’t go wrong here.  Mt. Tabor park is walking distance, and with a huge natural off-leash dog park and scenic trails, is one of my favorite parks in Portland.

To keep it convenient there is a nice Fred Meyer market on NE Glisan St. and 66th Ave. along with the Providence Hospital at NE 47th & Glisan.  Most of the houses are SFR built from the 1920-50s with single level duplexes and triplexes here and there.

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North Tabor is in NE PDX with neighborhood boundaries of I-84 to the North, and generally E Burnside St. to the South.  The Western boundary is 44th Avenue and NE 68th Ave. to the East. You can learn more from the Neighborhood Association website HERE.

Thank you,
-Justin

Portland OR April 2019 Real Estate Market Update

JUSTIN’s
April 2019 Market Update

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We are now solidly into Spring and the real estate market is getting busier with more buyers and houses for sale.  Sellers continue to have the advantage with the number of detached single family residential properties staying low.  Inventory is just barely keeping up with demand in April with the average DOM also dropping.  Competition remains fierce for houses in the $299,000 – $399,000 price range and the outer NE and SE neighborhoods continue to be hot.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

April2019PortlandRealEstateMarketUpdate

If you have questions about the process of buying or selling real estate, I would love to help.

Thank you so much,

-Justin

Neighborhood Highlight – Lloyd District

The Lloyd District, located in Northeast Portland, is our next highlight.   I worked many years in Lloyd, during my real estate title & escrow career, and I still visit frequently as my preferred escrow company is located here.   One unique feature you will find are superblocks for large skyscrapers adjacent to the MAX lines along with Lloyd Center Mall and bustling Broadway Street.  There is a mix of older foursquare residential homes, restaurants, retail and commercial buildings with many multi-story apartment and condominium buildings.

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The Lloyd District is located South of NE Broadway St. and North of I-84 between the Willamette River to the West and NE 15th Avenue to the East.

Thank you,
-Justin

Portland OR March 2019 Real Estate Market Update

JUSTIN’s
March 2019 Market Update

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Welcome to another Portland real estate market update and my favorite time of year as we head into Spring during March.  The witch hazel already bloomed in our yard and it’s a nice sign that the cherry blossoms are on their way which PDX is lucky to have plenty of around town.  The market is moving back even more in the Sellers favor due to low inventory and strong demand.  Personally, I have seen many new listings go Pending within two weeks, so I expect the market to stay competitive for at least the foreseeable future.  The Median list price rose to $567,500 for SFR properties and the inventory dropped to approximately 1251 houses for sale in the Portland metropolitan area.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

March2019PortlandRealEstateMarketUpdate

If you are about to make a move and have questions about the process of buying or selling, I would love to help.

Thank you,

-Justin