Market Conditions in Portland : Advice

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The Hatch Ho…, Real Estate Pro in 97225
The Hatch Homes Group answered:
What are the rules for this condo unit? How much is the HOAs?
This listing has been cancelled and it is in the foreclosure process HOA dues are $243/month.
The HOA is in litigathion and conventional financing will not be possible.
Do you need a ... more
0 votes Share Flag Mon Jul 9, 2012 Market Conditions in Saint Johns
Jon Cohen, Real Estate Pro in Portland, OR
Jon Cohen answered:
We are interested in a condo in downtown Portland. What is the average square foot cost for downtown condos?
Generally speaking, for active condo listings in the downtown area, the average price per square foot is approximately $358. For properties that have sold in the past 3 months, the ave ... more
0 votes Share Flag Sat Mar 31, 2012 Market Conditions in Portland
Janeese Jack…, Real Estate Pro in Portland, OR
Janeese Jackson answered:
What kind of capitalization rates are investors seeing in today's market in the Portland, Oregon metro area? What are the best areas for?
I am a Realtor and seasoned investor (own 3 duplexes + one house + one condo as investments). I have blogged over the last 3 years on my site ( www.fabulousportland.com ) about my ups a ... more
0 votes Share Flag Tue Nov 1, 2011 Market Conditions in Portland
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
where do I find average days on the market from listing to sale in 97210 ?
Any local agent can provide you the information; keep in mind that average days on the market does vary by exact location, pricing, property size, schools, upgrades, etc...
0 votes Share Flag Tue Nov 22, 2011 Market Conditions in Portland
Stephen Ervi…, Real Estate Pro in Portland, OR
Stephen Erving answered:
I wanted to know about current days on market for detached homes sales. How many days?
The average marketing time / days on the market in Portland is approximately 149 days (as reported by the RMLS in a monthly report dated 7/2011.) This is for the entire metro area. Sp ... more
0 votes Share Flag Tue Nov 22, 2011 Market Conditions in Portland
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
I am looking at a home that costs 90,100.00. My real estate broker says I need a 401k loan to purchase this house. What do I do next?
Did your real estate agent mean/say an FHA 203k loan instead of a 401k loan?

Real estate agents normally do not give advice regarding where your down payment/funds to close on the ho ... more
0 votes Share Flag Sat Mar 9, 2013 Market Conditions in 97217
Sameer Punja…, Real Estate Pro in Fairfield, CA
Sameer Punjani answered:
what ar the risks for buyers to rent to own in Mt. Tabor -Portland Oregon
Well, in general rent to own, it just forces you to put some extra money away for the down payment and you must buy within a certain time period. I think you are better off just rentin ... more
0 votes Share Flag Wed Oct 26, 2011 Market Conditions in 97215
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
Have rental prices decreased significantly over the past year in Portland or have they been stable?
I am going to say no. They have not dropped that much if at all. In fact they were on the increase and than about Feb they seemed to flatten. Buying is way down so renting should be ... more
0 votes Share Flag Sat Aug 1, 2009 Market Conditions in Portland
Stephen Fitz…, Real Estate Pro in Portland, OR
Stephen FitzMaurice, Realtor answered:
Case-Schiller shows Portland's real estate market peaking in 2006 which is about 2 years behind everyone
This will continued to be one of the most asked questions in 2009. Since no one really knows, it is best to familiarize yourself with as many stats as possible. You can sign up for wh ... more
0 votes Share Flag Wed May 6, 2009 Market Conditions in Portland
Tom Inglesby, Real Estate Pro in 97239
Tom Inglesby answered:
What are the market trends in SW Portland (close in, Burlingame/Hillsdale area)? What about SE Hawthorne?
The close in markets eastside Hawthorne/Sellwood are very active and have seen very little if any price drop. Location is #1 as it always is when you buy and sell. Check www.walkscore ... more
0 votes Share Flag Thu May 7, 2009 Market Conditions in Portland
Kelly Staffo…, Real Estate Pro in Portland, OR
Kelly Stafford answered:
What would be the expected change in price for a SW Hills home in November of 2006 and list price today?
I can email you RMLS stats for each period if you'd like, just let me know. It looks as though there is a YTD change of -1.3% in home values for zip 97201. However, for the entire per ... more
0 votes Share Flag Tue Mar 19, 2013 Market Conditions in 97201
DanP, Home Buyer in 97124
DanP answered:
Buyers & Sellers: What would you want to learn more about? Foreclosures, mortgages, local trends...?
#2 - We are researching neighborhoods; properties of this kind would help allow us to be more research specific.
0 votes Share Flag Mon Apr 11, 2011 Market Conditions in Portland
Skoro Intern…, Real Estate Pro in Portland, OR
Skoro International answered:
What was the home value decrease in the Sellwood/Moreland neighborhood between Jan. 07 and Jan. 08?
Hi - I've attached a link to the current Market Action Report published by RMLS that will show you not only the area you've asked about, but all of the Portland Metro area as well. Tha ... more
0 votes Share Flag Mon Mar 2, 2009 Market Conditions in Sellwood-Moreland
Kimberly Shu…, Real Estate Pro in Portland, OR
Kimberly Shute answered:
Resiliency or declines looming on the horizon?
Hi Larry,

The economy does not affect neighborhoods in all the same way. The 97229 area is a strong stable area and has weathered the decline better than most. Although it may cont ... more
0 votes Share Flag Wed Feb 25, 2009 Market Conditions in 97229
Portland Real…, Real Estate Pro in Portland, OR
Portland Real Estate Cafe answered:
I am looking to open my own hair salon in Portland and would like any advice on the statistics of Portland's
Hi Lianna,

I can't help you with those statistics, but I've got a great listing in Sellwood that would be perfect for a salon. See the link below.
0 votes Share Flag Mon Jul 21, 2014 Market Conditions in Portland
Voices Member,  in
Voices Member answered:
What is the current market value of a one-bedroom condominium unit in the Portland House at 45 Eastern Prom?
Wrong area question, this came to Portland Oregon.
Tom Inglesby, Broker
0 votes Share Flag Thu Jan 22, 2009 Market Conditions in Portland
Sara Lewis, Real Estate Pro in Portland, OR
Sara Lewis answered:
Interested in investment property in Portland. What is the rental vacancy rate,?
The rental vacancy rate is what percentage of the time a unit or the the unit (depending on the number of units) is vacant. A terrific occupancy rate is right around 95%. I think ther ... more
0 votes Share Flag Mon Apr 20, 2009 Market Conditions in Portland
Julie Fugate, Real Estate Pro in Lake Oswego, OR
Julie Fugate answered:
Are rental properties going up in value? I have a three unit building (3br 1 bath each) in the Cedar Hill
The property value itself isn't really going up, however the rent value is. The rental market right now is very strong and we are seeing some good rent rates across the area.

Julie ... more
0 votes Share Flag Thu Dec 11, 2008 Market Conditions in Portland
Tom Inglesby, Real Estate Pro in 97239
Tom Inglesby answered:
I want to downsize to a condo from my remodeled SW Portland home. Are houses a better investment than condos?
Keryn, In the past 3 years a condo was the best investment as investor drove the prices up and resold them before they closed ther first itme. As prices soared they have settled down a ... more
0 votes Share Flag Mon Nov 3, 2008 Market Conditions in Portland, OR
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
Our realtor discourages lowballs, yet there is a big difference between average list and sales prices. Why?
It is all over the map inferno.

Most are 1-3% off. Some are a lot more off.

I just negotiated a $379K home to sale for $372 K in 3 days and the other day I sold a $769 new custom ... more
0 votes Share Flag Mon Jul 13, 2009 Market Conditions in Sellwood-Moreland
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