How’s The Market? A Look at January’s Real Estate Numbers

The intense seller’s market we saw in the closing months of 2020 continued in January. Up 13.3% from last year, the Median Sales Price hit $460,000 in January – matching the all-time high we saw in October. Even in a strong market, prices in January are typically lower than the height of…

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Introducing Origami: Sustainable, Modern Rowhomes

Twelve sustainable modern townhomes dot the skyline on N Vancouver Avenue in the beautiful Piedmont neighborhood. The homes have a streamlined design aesthetic and are built with craftsmanship — a balance of artistry and functionality. Design Forward Living Award-winning architect Ben Waechter of Waechter Architecture designed the rowhomes to feel individual but…

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Albert and Charles’ New Home

Congratulations on your new home, Albert and Charles! Albert, a friend and fellow rugby player with the Portland Lumberjacks, had lived in his one bedroom, classic Buckman condo for 11 years and he, and his partner, Charles, were at the point where they needed more space to grow as a family. With…

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Home Energy Scores Mandatory January 1st

Beginning next year, all homes for sale in the City of Portland will be required to have a Home Energy Score before going on the market. The score has been likened to the miles per gallon for an automobile – it tells potential buyers how much it will cost to heat (or…

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RMLS Stacked - cropped

February Market Numbers

As expected, we saw some rebound in the market after a sluggish January. Both new listings and pending sales increased in February. But compared to the same time last year, the market is much slower. Inventory is also up slightly over last year, which is good news for buyers, but prices are…

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RMLS Market Numbers

The recent trend of a cooling local market continued in November. Even taking into consideration the typical seasonal slow down, November is slowing down with fewer new listings and fewer pending sales than 2015. Those factors combined pushed inventory down another 10% from October to just 1.8 months. With shrinking inventory comes…

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