Blog

JUSTIN’s
Market Update

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

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

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®

JUSTIN’s
Market Update

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

$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.

$197,000 – 3911 NE Killingsworth St. #3 Portland OR 97211.

Listed by Justin Sandifer and Wally Tesfa, this convenient ground level unit has original hardwood floors and trim throughout. Laundry room & storage in the basement. Excellent Concordia location close to Fernhill park, New Seasons Market and the Kennedy School. Deeded parking space behind unit with easy access to public transportation.

Call 503.891.4725 for more information.

The Portsmouth neighborhood in North Portland is our next highlight.  There is a mix of architectural styles here including: Bungalow, Ranch, Tudor, Cape Cod & Victorian built from 1900-1960s.  Portsmouth is filled with historic buildings, residential streets and is close to the Portland International Raceway (PIR). There are businesses, restaurants and entertainment along N Lombard St.

The boundaries of Portsmouth are N Columbia Blvd. at the North and Lombard St. to the South.  The Western boundary is the railroad tracks and N Chautauqua Blvd. out East.

You can learn more from the association website HERE.

Thank you,
-Justin

JUSTIN’s
Market Update

Welcome to KOVER Realty’s Winter market update for Portland Oregon. 

As I look at the real estate market currently, I have to pause and take into consideration everything around us in Portland. What jumps out at me, in all of my time working as a Realtor in the Portland metro area, never before have I seen this few houses for sale. December 2020 saw a meager 0.8 months and January 2021 shows 1.0 months supply of SFR houses for sale. Yikes! The result of this low supply is over a 10% increase in prices year over year in many neighborhoods.

My guidance for the remainder of the season for buyers is to be quick with offers as solid houses in the right neighborhoods will not last long. Sellers continue to be in a strong position but still need to price their houses competitively. With the historically low number of houses and condos for sale in Portland and the uncertain economy, I am still viewing the market as neutral.

KOVER Realty is following social distancing guidelines and face mask requirements during open houses and showings. 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? I am here to help, call or text: 503.891.4725.

Thank you,
-Justin

The University Park neighborhood in North Portland is our next highlight.  Home to the large campus of the University of Portland along the Willamette River bluff and historic homes along N Willamette Blvd.

The boundaries are the N Portland Railroad tracks to the West and N Willamette Blvd to the East. The Willamette River is to the South with N Lombard at the North.

You can learn more from the association website HERE.

Thank you,
-Justin

JUSTIN’s
Market Update

Welcome to KOVER Realty’s seasonal market update for Portland Oregon.   We are well into the Fall season with leaves turning color and colder weather arriving. With the holidays upon us, the real estate market tends to pull back.  

The pandemic continues to create uncertainty with the real estate market.  KOVER Realty is following social distancing guidelines and face mask requirements during open houses and showings.  Lower mortgage rates and low inventory are keeping demand up.  The number of SFR houses for sale has dropped below 900 units in Portland which is very low indeed.

My guidance for the remainder of the season for both buyers and sellers is to be patient. With the historically low number of houses and condos for sale in the Portland metro and the uncertain economy I am seeing a neutral market.

To view a detailed weekly market report from my preferred title & escrow partner, First American Title Co., click below.

PORTLAND Oregon Market Report

Thinking about buying or selling property in Portland or the surrounding area? I am here to help, call or text: 503.891.4725.

Thank you,
-Justin