Portland Real Estate - The Latest Numbers for Fall

Portland Real Estate - The Latest Numbers for Fall

The leaves are starting to change colors into glorious yellows, orange, and red. Meanwhile, the Portland real estate market is showing some signs of change. PDX Urban has the latest real estate market numbers to check out for anyone thinking about buying and selling during the fall season.

The main takeaway from the latest numbers indicate some cooling down in the Portland Metro Area. Inventory numbers are up and closed sales are down. Home values continue to rise however.

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Adventure To Ramona Falls!

Adventure To Ramona Falls!

Summer is officially over and that means getting into the mindset of nesting and preparing your home for colder weather. Traditionally fall is a great time to be a home buyer as the heavy competition during the summer months will cool down a bit and it is easier make your offers stand out to sellers.  

I'm not going to deny, sometimes it is a bit tough for me to let go of summer so I decided this year to have one last hiking adventure before the season officially changed. Thanks to a busy schedule I only had time for a day trip and I figured I would visit a waterfall I had never explored near Mount Hood - Ramona Falls. Obviously I took my camera with me and decided to share the results with all of you!  

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Portland Real Estate - The Latest Numbers

Portland Real Estate - The Latest Numbers

I know I am a little bit late getting these numbers out for the Portland real estate market. August and September have proven to be busy months for us here at PDX Urban but I do think it is important to take the time to analyze the latest trends and statistics for PDX so we can be better informed on how to be the best real estate agents possible for our clients.

So let’s look at a breakdown of everything we’ve seen in the Portland area up through the month of August. As always, if you have any questions at all please feel free to Contact Us and we’ll be happy to help!

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Increase Your Home's Value... With Only Paint!?

Increase Your Home's Value... With Only Paint!?

For anyone who's spent too much time in Home Depot (we've all done it), you know that choosing how to color your walls can make or break the whole feeling of your home. And if you're going into the project with return on investment in mind (you probably should), it can be an even bigger war between your style versus what will sell.

When Zillow analyzed 135,000 photos of homes sold across the country, they calculated which paint colors impacted sale price. The result? Some unconventional choices increased home value, but some common or just bad decisions made homes sell for less.

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Portland July Real Estate Market Report

Portland July Real Estate Market Report

Inventory levels seems to be the number most real estate professionals focus on, myself included much of the time. Inventory in months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes.

So in other words, it's the current supply of homes available on the market and as you can see it is now at its highest since the year 2016. How does this affect you? This means more choices for buyers and more competition for sellers so the tables are turning a little bit more toward a buyers market. It should be noted however, that 2.4 months of inventory is still very low compared to many other metro reasons. 

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