Slightly Cooler Temperatures for Portland

June brought us slightly cooler temperatures in the real estate market for Portland.  However, through the year home sales are up 17% from 2012 and the average price of a Portland house up 14%!  The slight cooling is positive news as the market was moving too fast to sustain a healthy position.  There is currently 2.9 months of unsold inventory in the Portland Metro Area – a slight increase from last month.

Click here and read my summary to see how this may benefit you.

In Summary:

The most compelling news remains with a 14% rise in the average and median sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house if you’ve been waiting to sell it quickly at a better price. 

This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 35% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth about $315,000 today.  It’s hard to save that kind of money otherwise!         

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of homes sales and price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are also seeing prices rise between 6%-8%.

Interest Rates rose this past month to about 4.5%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

Portland's Real Estate Market Is On Fire

Portland’s real estate market is on fire.  This is no hype…  The price of a home continues to rise while the inventory of homes for sale remains at historic lows.  There is just 2.5 months of unsold inventory in the Portland Metro Area.  If you’re looking to buy in close-in neighborhoods of SE or NE Portland, expect to compete with multiple offers.  

Click Here and read my summary to see how this can benefit you.  

In Summary:

The most compelling news is a 15% rise in the average and median sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house if you've been waiting to sell it quickly at a better price. 

This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 35% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth over $315,000 today.  It’s hard to save that kind of money otherwise!

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of home sales and price increases.

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are also seeing prices rise between 6%-8%.

Interest Rates are about 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Real Estate Market Continues To Have A Strong Year

Portland’s real estate market continues to have a strong year. Home prices continue to rise while the inventory of homes for sale remains at historic lows.

Click Here and read my summary to see how this can benefit you.  

In Summary:

The most compelling news is a 15.3% rise in the average sales price of a Portland home this year.  This increase compares to a low-point in home prices last year, though represents a solid rebound from what may be the end of the housing market downturn.  Home buyers have returned to the market with confidence and determination, which combined with very few homes for sale, has put an upward pressure on home prices.  This could be the right time to sell your house. 

 This graph displays the rise and fall in home prices between 2004 and today.  The average sales price of a Portland home is currently 30% higher than it was in 2004, and takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  An average priced home of $235,000 in 2004 would be worth over $302,000 today.  It’s hard to save that kind of money otherwise!         

Close-in neighborhoods within North, Northeast, and Southeast Portland continue to be hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Housing Market Is Buzzing Again

Portland’s real estate market continues to blossom with home sales and prices steadily increasing and the inventory of homes for sale at historic lows.

Click Here and read my summary to see how this can benefit you.  

In Summary:

Home sales peaked again in March, representing the best spring market since 2007.  The number of active homes for sale also continues at historic lows with just 3.2 months of unsold inventory in the Portland Metro Area.  This market dynamic has put an upward pressure on home prices, influenced home buyers to be more decisive, and has given quite an edge to homeowners looking to sell.

Portland-area home prices are beginning to rebound after falling by more than 30% during the housing crash.  The average sales price of a house in Portland is approximately $290,000 - an increase of just over 15% from the first quarter of last year.  The median price of a Portland house is about $247,000 – an increase of almost 17%!  The median value represents a mid-point with an equal number of houses priced above and below this number.

Close-in neighborhoods within North, Northeast, and Southeast Portland are hot zones with houses selling quickly and often with multiple offers.  Inner-SE and NE Portland have experienced the greatest share of price increases.   

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.  You’ll be very happy with Steven’s experience and commitment to serving his clients.

Portland's Real Estate Market Remains Active

Portland’s real estate market remains active.  There is much talk about the “tight” inventory of homes for sale, rising home prices, and homes selling quickly that are located well.  Seriously… 

Click Here for some Portland Real Estate Statistics produced by our Multiple Listing Service. 

In Summary:

The number of homes sold in February had peaked again, representing the best February since 2008.  The number of active homes for sale also continues at historic lows with just 4.5 months of unsold inventory in the Portland Metro Area.  This low inventory has been challenging for home buyers having to compete for homes, but overall is positive news for Portland’s real estate market as buyers have become more decisive, home sellers can SELL their houses, and home prices have risen given the competing market.

The average sales price of a house in Portland is approximately $282,000 - an increase of almost 6% over the past year.  The median price of a Portland house is about $255,000 – an increase of 8.5%!  The median value represents a mid-point with an equal number of houses priced above and below this number.

Close-in neighborhoods within North, Northeast, and Southeast Portland are hot zones with houses selling quickly and often with multiple offers. 

Southwest and Northwest Portland, Beaverton, Aloha, and Hillsboro are also selling quickly.  These areas have held a larger share of the distressed bank-owned and short-sale properties selling at lower prices. 

Area’s more rural East and Southeast of Portland like Gresham, Troutdale, Oregon City, and Milwaukie are selling at a slower pace but increased in price by 3-5% this past year.

Interest Rates are still under 4%.  These affordable rates won’t last forever, but will be remembered for a long time. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin Provost, Broker

Vintage Real Estate

503-784-7626

And call Steven Welch with Northwest Mortgage Group at 503-805-6810 if you think it’s time to refinance or buy.

Portland Home Values - A Great Start for 2013

Portland’s winter weather this year has been mild, keeping the real estate market active.  There is much talk about the “tight” inventory of homes for sale, rising home values, and homes that are located-well selling quickly.

Click here for some Portland Real Estate Statistics produced by our Multiple Listing Service. 

In summary:

There is currently 4.7 months of inventory for sale - about 6,400 homes in the Portland Metro Area.  This is positive news as the number of homes For Sale is at historic lows and convincing home buyers to be decisive.  This could be the right time to sell your home.

The average sales price of a home in Portland is currently $288,000 - an increase of 5.4% over the past year.  The median price of a Portland home is $248,000 – an increase of 7.3%!  The median value represents a mid-point with an equal number of homes priced above and below this number.

Be sure to look at the Average and Median Sale Price Graph on page 5 of the link.  This graph displays the rise and fall in home prices between 2004 and today.  The average sale price of a Portland home is currently 30% higher than it was in 2004, and this takes into account the fallout in pricing between 2007-2012.  This is great news for long-term homeowners and testimony to the rewards of home ownership over the years.  A $200,000 home bought in 2004 could be worth $260,000 today based on this average sale price increase.  It’s hard to save that kind of money otherwise!         

Interest Rates are still under 4%.  These affordable rates won’t last forever, but will be remembered for a long time. 

Please call me if it’s time to buy or sell a home.  I’ll work hard for you.

Darin

503-784-7626

Happy Client Testimonials

When I decided to downsize, Darin helped me to accomplish what seemed impossible in a slow market; my house was sold and I was in an adorable new home in under three months!

-- Elizabeth Bird

I have never had a Real-estate agent work as hard as Darin did to find the perfect house for me. Not only did I get a "Larry house", I found Darin to be a very honest person with a great deal of  passion for his work… and after a few trips to Starbucks with him I discovered Darin also had a passion for Breve Latte's that matched my own! -- Larry Ginn

Darin helped me purchase my first home in Portland.  At that time it was a seller's market and he watched out for me to make sure I got what I needed.   Later when I was getting ready to purchase another home, there was no question about who I wanted to represent me.  Darin is a professional expert when it comes to real estate.  I highly recommend him.   When I get ready to buy another home, Darin will be my realtor! -- Jim Baker

Sure and prompt sales in a good market are common; Darin's combination of professionalism, affability, and strong work ethic promptly sold my property in a challenging, soft market at a return I was quite pleased with.  Moreover, too many brokers and companies expend more energy promoting themselves as much or more than the properties they sell . . . not the case with Darin and Hasson Realtors -- they marketed my property with a comprehensive and detailed knowledge, assuring potential buyers their questions were answered clear and certain. -- Phil Smith

My husband and I felt extremely lucky to have found Darin as our realtor.  He went beyond all our expectations and surprised us with a high degree of commitment, attention to detail and personal dedication.  Our deal went through so smoothly that it left us with a great sense of closure. -- Brian & Noemie Young-Studer

Having bought and sold real estate in Alaska, Oregon, California, and Nevada over the last 27 years, I have dealt with many agents and brokers, but Darin has been the best of all.  From the first day I spoke to Darin he was professional, knowledgeable, helpful, and his advice helped me greatly.  Darin tells the truth and his opinions are sound.  He was always there when I needed him.  But the best thing about Darin is that he became a friend. -- Jeff & Ellen Fancy

We worked with several Realtors before meeting Darin and he was hands down the BEST! We live out-of-state and purchased a property in Oregon. Darin led us smoothly through the transaction and we were able to close in less than 30 days.  Darin is very knowledgeable, he has great communication skills and most of all he is honest and reliable.  We'll definitely use him again for future purchases and we would refer him to anyone without hesitation. -- Jason & Joyce Dahners

You did a great job for me and went out of your way to help my property sell.  You were available every step of the way to answer any questions or accommodate any requests, and you even helped paint and clean my condo up to make it more attractive!  I would recommend you to anyone who is looking to buy or sell a property.   Feel free to use me as a reference any time. -- Mike Fazzolari

Our realtor Darin was an angel in a very sad time as we were in need of speed to find and move our daughter. Well, he helped in so many ways, was so kind. He is on the ball at every turn --thinks of things only he would know of. We felt very blessed to know this young man and to have his help. If and when we sell that property he will be the man for us. I would be happy to spread the word for him, he will treat you as if you were his family -- Mel and Lynda Chaufty