Market Conditions in Portland : Questions & Answers

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Eric Steindl…, Real Estate Pro in Portland, OR
Eric Steindler answered:
Since when are we including a partially finished basement in the square footage of the home!
It used to be that we're were only supposed to count finished rooms in the square footage in RMLS. Now we count finished and unfinished, but not crawlspace or attics. It works much bet ... more
0 votes Share Flag Mon Apr 15, 2013 Market Conditions in Sabin
Mandy and Je…, Real Estate Pro in Portland, OR
Mandy and Jennifer answered:
Did anyone see the record low inventory we have in Portland, Oregon?
Yes, it's a fun market for sellers!
0 votes Share Flag Fri Apr 12, 2013 Market Conditions in Portland
Mandy and Je…, Real Estate Pro in Portland, OR
Mandy and Jennifer answered:
Would you describe Portland currently as a Buyer's Market, Seller's Market or a Balanced Market?
According to housing inventory stats, a balanced market is 6 months of inventory. Average inventory levels in the Portland Metro area are much lower, which puts the market as a seller' ... more
0 votes Share Flag Sun Apr 21, 2013 Market Conditions in Portland
Bob Hickey, Real Estate Pro in 97201
Bob Hickey answered:
who is the hoa for this area?
This is a group of 7 townhomes in NW Portland, built in 2003 and there is no HOA. If you need more info, let me know.
0 votes Share Flag Sat May 4, 2013 Market Conditions in Northwest District
Stephen Webb…, Real Estate Pro in Seattle, WA
Stephen Webber answered:
What did the Case-Shiller report say today about home prices?
All good news!
And in Seattle we are experiencing more multipul offers than I have seen in my 34 years of real estate. The market is on fire.
Good by recession!!
0 votes Share Flag Wed Mar 27, 2013 Market Conditions in Portland
Christopher…, Real Estate Pro in Portland, OR
Christopher Johnson answered:
Is the condo at 1816 SW 18th Ave #3 still available?
Yes, shows available on the RMLS
0 votes Share Flag Tue Jan 29, 2013 Market Conditions in Goose Hollow
Linda Heinri…, Real Estate Pro in 97034
Linda Heinrichs answered:
Rent or buy in Pearl 2013?
This question totally depends on your budget and long term goals. The Pearl is a great location for Urban living, but it does tend to run a little higher than other locations. If you ... more
0 votes Share Flag Wed Jan 9, 2013 Market Conditions in Pearl
Peggy Hoag, Real Estate Pro in 97201
Peggy Hoag answered:
What are the monthly fees?
$651/Month
HOA to include:
Management, Exterior Maintenance, Garbage, Commons, Weight room, Pool, Recreational Facility, Party room.
0 votes Share Flag Wed Mar 13, 2013 Market Conditions in Hayden Island
Marvin Von R…, Real Estate Pro in Tigard, OR
Marvin Von Renchler answered:
Hi, Next 5 years Do you see the home prices in the Hazelwood neighborhood increasing? What is your opinion on the neighborhood?
Very hard to say. I value homes all over the county for banks. Its spotty to say the least. In general, I feel Oregon has not bottomed out and has around 15% more to drop but there are ... more
0 votes Share Flag Sun Nov 25, 2012 Market Conditions in Hazelwood - Mill Park
Lana Lavenba…, Real Estate Pro in Grants Pass, OR
Lana Lavenbarg answered:
Why is 3120 NW Luray not listed as a comparator? It sold July, 2012 for $1052,500.
They dont always pull all properties to make the comparables-that is why it is only estimated not an actual value.
0 votes Share Flag Fri Nov 23, 2012 Market Conditions in Hillside
Stephen Fitz…, Real Estate Pro in Portland, OR
Stephen FitzMaurice, Realtor answered:
Thinking about putting our condo on the market. SW 10th Avenue, Portland, Oregon. 1,800 square feet - first class appoints.
I have the exact answer for you.

If you are in 1221 SW 10th Ave (6 active on the market), the active on the market price per square foot right this second is exactly $500. The pendin ... more
0 votes Share Flag Wed Nov 28, 2012 Market Conditions in 97205
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
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