Christmas Lights in Portland List!

Pioneer Courthouse Square

There are so many wonderful places to view Christmas Lights in Portland, Oregon. Here are a few of the Holiday Portland events you can enjoy! If you looking for more holiday events, Check out our Facebook Page where every day now until New Year’s we will be posting a local holiday event!

Happy Holidays
– Taylor Group Realty Team

 

The Grotto’s 30th Annual Christmas Festival of Lights
Now thru Dec 30th, Nightly 5pm – 9:30pm
Website

PIR Winter Wonderland
Now thru Dec 26th, Check for Hours
Website

Zoo Lights at the Oregon Zoo
Now thru Jan 7, Check for Hours and Days
Website

Christmas Ships on the Willamette & Columbia River
Check website for Dates and Times
Website

Peacock Lane
Now thru 31st
Website

The Miracle of a Million Lights in Portland
Now thru Dec 23rd
Website

Maddax Woods in West Linn
Now thru Dec 31st
Website

Christmas Fantasy Trail in Oregon City Wenzel Farms
Now thru Dec 30
Website

South of PDX-

Christmas in the Garden in Silverton at The Oregon Garden
Now thru Dec 31St
Website

Portland Real Estate Market Report- October 2017

The coolness of fall is in the air in the Portland Metro Area, and it seems the coolness has hit the Real Estate market in Portland. The numbers in October show the continuation of a cool down in the market that started to show around spring. It is too early to tell if this is a typical seasonal low or if the real estate market is starting to plateau in the Portland Metro Area.

Closings of residential listing in the Portland Real Estate Market fell short across the board. Numbers were 3.6% short of beating last month numbers and almost beat Oct 16 numbers, just fell 0.9% short.

Closings
Oct 17’- 2,565
Oct 16’- 2,589
Sept 17’ – 2,660

Pending faired the same as Closings in October 2017 with the Portland metro area closing were down 4.8% from October 2016 and was 0.9% lower than September numbers.

Pendings
Oct 17’-  2,705
Oct 16’- 2,841
Sept 17’ – 2,730

New Listings are up in the Portland metro area,  even though we see that October was down 18.2% from last month, however it was able to edge out October 2016 by 1.8%.

New Listings
Oct 17’- 2,981
Oct 16’- 2,929
Sept 17’ – 3,644

October 2017 Portland Housing Market By the Numbers

The Residential inventory in October end at 2.1 months of inventory, which is up from 2.0 month of inventory in September. The total days a listing is on the market went from 37 in September to 44 in October. The total active listing on the RMLS in the Portland real estate market is down from last month totals at 5,998 and ended as 5,415 active listing available to purchase in the Portland Real Estate market. We are continuing the trend of activity in the Portland real estate market being down this year from the hot market in 2016. These are the most current active numbers.
New listing: Down 2.1%
Pending: Down 7.1%
Closings: Down 3.0%

Prices of residential listings in the Portland Real estate market are at record highs with the median sale price rose 10.1% from $345,000 to $379,900. The Average sale price rose 9.0% from $393,900 to $429,400.

 

Where are the most Active Listings in Portland for October 2017?
Neighborhood Total of Active Listings Total Market time
North Portland                                                224                       40 days
Northeast Portland                                        448                       38 days
Southeast Portland                                        589                       37 days
West Portland                                                 719                       59 days

 

Median Sales Prices for October 2017 for the Portland Metro are as listed below…
$561,3K- Lake Oswego/West Linn
$495k- West Portland
$411.8k- Tigard/Tualatin/Sherwood/Wilsonville
$405k- North Portland
$400k- NE Portland
$385k- Milwaukie/Gladstone
$375k- Oregon City/ Canby/ Molalla/ Beavercreek
$355k- Hillsboro / Forest Grove
$350k- Beaverton/Aloha
$349,6k- SE Portland
$325k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market October 2017 Report Click Here
Vancouver & SW Washington Real Estate Market October 2017 Report Click Here

Real estate is always shifting and adjusting-
The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house

Portland Real Estate Market Report- September 2017

The leaves are falling and just like that it’s fall in the Portland Metro Area. Typically the real estate market stays busy this time of year and then starts to slow down around the holidays. However based on the September real estate market numbers, this year it looks like the cooling has already started. Real Estate Market numbers across the board have been down this year compared to 2016. Has the Portland real estate market hit its peak? Only time will tell, however if these numbers continue into 2018 it could be a sign that booming real estate market is starting to loose traction.

The number of residential closings in the Portland metro area for September 2017 was not able to beat 2016 numbers, ending down 5.8%. The numbers of closings were down 12.3% from last month’s closing numbers.

Closings
September 17’ – 2,660
September 16’- 2,823
August 17’- 3,034

In the Portland Metro Real Estate Market pending sales were down 11.1% from last month and decreased from September 2016 by 4.4%.

Pendings
September 17’ – 2,730
September 16’- 2,857
August 17’- 3,072

Cooler activity is present in New Listings in the Portland Metro Area. Residential listings that came on the market in September were 10% less than last month. It also missed the market at new listings offered last year by 0.8%.

New Listings
September 17’ – 3,644
September 16’- 3,673
August 17’- 4,048

September 2017 Portland Housing Market By the Numbers
Residential inventory in the Portland real estate market increased from 2.0 months of inventory last month to 2.3 months in September. Total days on the market for a home in September rose 3 days from August ending at 37 days. In addition the number of listing on the real estate market in the Portland metro area ending at 5,998 that is slightly up from August that ended at 5,940. As talked about in our last blog post, Activity in the Portland real estate market is down across the board from last year, the latest numbers are as followed.

New listing: Down 2.5%
Pending: Down 7.2%
Closings: Down 3.2%

Even though we are seeing slowing in the Portland Metro area residential listings numbers. Prices are not seeing any signs of slowing from September 2016 to 2017. The median sale price rose 10.1% from $345,000 to $379,900. The Average sale price rose 9.2% from $392,600 to $428,800. However, it should be noted that the average sale price last month (August 2017) was $429,000, which is a decrease of the average home price of $200 from this month to last month.

Where are the most Active Listings in Portland for September 2017?
Neighborhood Total of Active Listings Total Market time:
North Portland                                                       238                           36 days
Northeast Portland                                              454                           34 days
Southeast Portland                                              630                           36 days
West Portland                                                        778                           46 days

Median Sales Prices for September 2017 for the Portland Metro are as listed below…
$568,8K- Lake Oswego/West Linn
$489k- West Portland
$405k- Tigard/Tualatin/Sherwood/Wilsonville
$403,5k- NE Portland
$399,8k- Oregon City/ Canby/ Molalla/ Beavercreek
$380k- Milwaukie/Gladstone
$369,9k- Hillsboro / Forest Grove
$366k- North Portland
$350k- Beaverton/Aloha
$346,5k- SE Portland
$325k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market September 2017 Report Click Here
Vancouver & SW Washington Real Estate Market September 2017 Report Click Here

Real estate is always shifting and adjusting- The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house

Portland Real Estate Market Report- August 2017


Photo by Zach Savinar on Unsplash

Summer ended in the Portland Real Estate market with the same mix activity that kicked off the summer real estate season. There were some positive notes; however it has become apparent that 2017 summer numbers in the real estate market will not beat 2016 numbers in area of Closing, Pending and New Listing. The one area that continues to beat out 2016 real estate numbers in the Portland Metro area is prices, they continue to show a climb upwards.

In the Portland real estate market the number of closed residential listings increased by 1.1% from last year 2016. It also jumped 8.6% from the previous month.

Closings
August 17′ – 3,034
August 16’ – 3,001
July 17’ – 2,793

Residential homes in the Portland area that became pending in August barely beat out July numbers by 1.1%. However it fell short of beating out August of 2016 by 7.6%.

Pendings
August 17’- 3,072
August 16’- 3,325
July 17’ – 3,040

Residential Listings in the Portland metro real estate market that went on the market in August was under July 2017 and August of 2016 numbers both by 3.7%.

New Listings
August 17’- 4,048
August 16’- 4,203
July 17’ – 4,202

August 2017 Portland Housing Market By the Numbers-
In the Portland housing market inventory decreased from 2.1 months on the market in July to 2.0 months on August. Average days on the market increased to 34 days in August from 33 days in July 2017. As of the end of August 2017 there were over 5,940 active residential listings in the Portland Metro area. As with last month the activity in 2017 has shown cooling form the hot real estate market we saw last year. Thus far in 2017 in the Real Estate market in the Portland Metro area-
New listing: Down 2.6%
Pending: Down 7.6%
Closings: Down 2.7%

Prices however are showing no downturn thus far, from August 2016 to 2017 the average sales price rose 9.3% from $392,600 for a home in the area to $429,000. Median sales price rose 10.7% from $343,200 to $379,900.

Where are the most Active Listings in Portland for August 2017?
Neighborhood Total of Active Listings Total Market time

North Portland                                                      248                         25 days
Northeast Portland                                              477                          27 days
Southeast Portland                                              612                           31 days
West Portland                                                       766                          45 days

Median Sales Prices for August 2017 for the Portland Metro are as listed below…
$612K- Lake Oswego/West Linn
$482,5k- West Portland
$415k- Tigard/Tualatin/Sherwood/Wilsonville
$410k- North Portland
$409k- NE Portland
$390k- Milwaukie/Gladstone
$380k- Oregon City/ Canby/ Molalla/ Beavercreek
$355k- Hillsboro / Forest Grove
$354k- Beaverton/Aloha
$349,9k- SE Portland
$321k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market August 2017 Report Click Here
Vancouver & SW Washington Real Estate Market August 2017 Report Click Here

Real estate is always shifting and adjusting- The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future.
Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house

Portland Real Estate Market Report- July 2017

The Portland Real Estate numbers for July have been released. It is becoming a fairly good bet that in 2017 overall in the Portland Real Estate Market will not surpass 2016 hot real estate numbers. This could be a sign that the Real Estate Market in the Portland Metro area is seeing a cooling from last summer hot market and/or the market is starting to plateau. The rest of the year numbers will be a good indicator of what is ahead for the real estate market in the Portland area for 2018 and where the shift in the market is happening.

Closing residential sales in the Portland Metro real estate market for July turned down slightly 12.4% from last month. And barely beat July 2016 numbers by 0.6%.

Closings
July 17’ – 2,793
July 16’- 2,776
June 17’- 3,187

Residential homes in the real estate market had less pending in July 2017, falling short 7.9% of July 2016 numbers and 6.6% short from last month.

Pendings
July 17’ – 3,040
July 16’- 3,302
June 17’- 3,254

In the Portland real estate market new listing showed a downturn from July 2016 by 3.9% and an 11.3% loss from June 2017.

New Listings
July 17’ – 4,202
July 16’- 4,372
June 17’- 4,739

July 2017 Portland Housing Market By the Numbers

Even with the down numbers in the overall market in the Portland Metro area, days on the market of a residential listing went down to 33 days from 38. Months of inventory did jump from 1.6 in June to 2.1 months of inventory ending in July. The last time the real estate market was around 2 months of inventory was last year in September/October of 2016. Thus far in 2017;

New listing: Down 2.4%
Pending: Down 7.6%
Closings: Down 3.3%

Even with the overall down stats for 2017 thus far, prices continue to rise. From July 2016 to July 2017 the average sale price in the Portland Metro real estate market rose 9.3%, in terms of prices they went from $391,600 in July 2016 to $428,000 in July 2017. That is also $1,000 price increase from last month that ended at $427,000 for the average sale price for Real Estate in the Portland Metro area. The median sale price rose 11.2% from $340,000 to $378,000.

Where are the most Active Listings in Portland for July 2017?
Neighborhood Total of Active Listings Total Market time
North Portland                                         245                    43 days
Northeast Portland                                 458                     28 days
Southeast Portland                                 572                     26 days
West Portland                                          787                    40 days

Median Sales Prices for July 2017 for the Portland Metro are as listed below…
$622,5k- Lake Oswego/West Linn
$515k- West Portland
$430k- NE Portland
$415k- Tigard/Tualatin/Sherwood/Wilsonville
$395k- Oregon City/ Canby/ Molalla/ Beavercreek
$389,9k- Milwaukie/Gladstone
$375k- North Portland
$360k- SE Portland
$359,3k- Beaverton/Aloha
$353k- Hillsboro / Forest Grove
$315k- Gresham/Sandy/Troutdale/Fairview

Portland Metro Area Real Estate Market July 2017 Report Click Here
Vancouver & SW Washington Real Estate Market July 2017 Report Click Here

Real estate is always shifting and adjusting-
The seasoned agents at Taylor Group Realty are aware of the market and are prepared for anything that could happen in the future. Contact us to get a FREE market analysis to see how much you can sell your home for in this market. Now is the time to List your house.