Just Listed: 7717 SE 17th Avenue

Nestled in the heart of Westmoreland, close to restaurants and shops, this charming English Tudor features wonderful architectural details throughout. A freshly painted interior and refinished hardwood floors make it move-in ready. You'll appreciate the large, updated master bedroom and bath. Skylights  provide natural light and a sense of serenity. The walk-in closet is an unexpected bonus.  

Recently Sold: 4328 NE 63rd

Beautiful home with hardwoods and built-ins in dining area and extra storage in kitchen. A full unfinished basement with potential. Well maintained three bedroom 1.5 bath home. Detached garage has a carport and covered patio for year round entertaining. Semi-fenced private backyard. A must see! Move-In Ready.  Offered at $279,900 and closed escrow at...

May RMLS Market Action Report

Portland metro continues a strong year of real estate activity. Closed sales increased significantly this month—at 2,682, this represented a 26.2% increase from April, and a 27.8% increase over May of last year.  The number of accepted offers increased this month to 2,978, which is an 18.1% increase over ...

 

Purchasing Power: Part II

In an early post, I decided to pencil-out where a home buyer's primary purchasing power comes from:  contrasting  home prices versus  mortgage interest rates. This morning, as if on cue, Spencer Rascoff, CEO Zillow made an appearance on CNBC's "Squawk Box" hosted by Becky Quick, (no relation, darn it ;-) ...

Housing Now Leads Economic Recovery

A new survey finds homes in March were selling at prices 11 percent higher than a year before. In this CBS News video, Anthony Mason reports on how the housing recovery is giving the economy and Wall Street a much-needed boost.  As for how much of the "healing" is left for the housing market, it's got a long way to go. The housing market is now back to 2006 levels, but it didn't peak until 2008. And from that year, we're still down by about 28 percent, according to Mason.

Just Listed: 790 SE Webber Street #106

​Spectacular single-level, ground floor, move-in ready waterfront condo for under $250,000! You'll love entertaining on the sun-filled terrace of this Quayside condominium. The sweeping vistas include manicured grounds and panoramic views up and down the Willamette River.  Of course the pool is quite a bonus along with...

Featured Community: The South Waterfront

The South Waterfront is one of the largest urban redevelopment projects in the United States. It is connected to downtown Portland by an extension of the Portland Streetcar, and to the Oregon Health and Sciences University campus atop Marquam Hill by the Portland Aerial Tram, as well as roads to Interstate 5 and Oregon Route 43.

Featured Community: Waverly Yacht Club

Waverly Yacht Club is nestled in the Sellwood neighborhood on the Eastside of the Willamette River. It’s a great community and a well-managed Home Owners Association. Check out what’s currently for sale in Waverly Yacht Club as well as the other waterfront communities on our sister blog PortlandWaterfront.com ...

Purchasing Power

Elliot Njust over at the Oregonian's Front Porch Blog recently reported on a topic that we've been talking with our clients: affordability is still high despite rising home prices. He wrote: "Despite rising prices, the group said low interest rates have left would-be homeowners with more buying power than a year earlier." Way back in July 2010, I wrote a blog post about the impact on lower interest rates on a homebuyer's buying power...

April RMLS Market Action Report

Portland is abuzz with real estate activity this spring. New listings continued to rise — at 3,623, the number of new listings for the month was the greatest in any one month since August 2010. This also represented a 20.7% increase over March’s 3,002 new...

Recently Sold: 17225 Kelok Road

Unbelievable opportunity to purchase this phenomenal waterfront home at an amazing price. Inviting indoor & heated outdoor spaces on canal side of property taking full advantage of this LIFESTYLE home. Views from just about every window. Offered at $1,950,000.  Sold for...

Recently Sold: 1844 SW Troy Street

Investors: verified rental income of $1,600/month. Channel your inner designer and you'll have a fabulously charming home with boundless possibilities. Great value for size and location. Newer furnace and water heater. Large fenced backyard.​ Offered at $249,900. Sold at...