Clients and Friends, Portland Metro: This is the final set of reports on 2016 with the December data included. The high water mark for the housing recovery dynamics is 2015. 2016 was a year of moderating in almost every category. This is not a discouraging reality; it just means that the recovery surge of pent-up demand… [Read More]
What do our family real estate business and our Christmas grandbaby have in common?
It has been a very Merry Christmas for us, but not for reasons you might expect to read about in this column. Joni and I had our entire family over On Christmas Day- 5 children and their spouses, Joni’s parents, our 9 grandchildren (all 6 and younger), our niece and her family, and some friends…. [Read More]
Fall 2016 Market Update – Fruitful Sales in Yamhill County; a healthy cooling off in Portland Metro
Clients and Friends, My apologies; I have missed sending out a couple of months of these market reports. An intensely busy work load, our annual vacation, and then the passing away of my Mom overloaded my schedule. I am returning to normal just in time to begin again a new year’s cycle for what is… [Read More]
Moderating Marketplace Entering the 4th Quarter
After a good first quarter this year, the Portland Metro market has since fallen short of 2015 in almost every category except new listings and price appreciation. July was the weakest month for closings but August reversed that and finished modestly behind 2015. With slower sales and more inventory, Portland is trending towards a more… [Read More]
Back to a “normal marketplace” – Market Action Report July 2016
Friends and Clients, With July’s reports, we begin the annual cycle downturn. The surge of buyers who planned to purchase this year have settled into their new homes or at least are pending by now; the rest of the year will produce modest numbers by comparison. This year we also see that the post-housing depression… [Read More]
What’s next? Market Action Report – May 2016
Clients and Friends, As we approach the mid-point of 2016, what are the current dynamics in our market places? Portland markets have skyrocketed since mid-2012 and the dynamics have been dramatic. It has been a rabid ‘sellers market’ and prices blasted through the former top of the market in 2007. Five dark years created pent-up… [Read More]
Welcome to a hot marketplace! – April 2016 Market Action Report
Clients and Friends, After an incredible run-up in the Portland real estate markets since 2012, it is not surprising, not even a bad thing, that this month’s numbers leveled-out, even declined. The pace of recovery was unsustainable. Sales continue to be quick. Inventory went up a tick because we are posting better numbers for new… [Read More]
Our Industry is changing – March 2016 Market Action Report
Clients and Friends, We have maintained that Yamhill County is at least 2 years behind Portland’s housing sales dynamics. Right on schedule, the Newberg/Dundee area is experiencing multiple offers and immediate sales predictably on most kinds of properties. We expect this trend to spread throughout the county this year and by next year to be… [Read More]
Portland Metro & Yamhill County Market Action Reports – February 2016
Clients and Friends, Perhaps the present trends are our future. Reading the tea leaves… The Portland metroplex continues its national dominance with fast rising prices and attracting out of state buyers. It is not uncommon to hear comments and read stories about another real estate ‘bubble’ building; no one wants to experience another bubble burst!… [Read More]
Luxury Market Analysis Yamhill County – Part 2
Friends and Clients, Attached you will find raw data for an analysis of the luxury property market in Yamhill County. Some are lists in order to compare aspects of the properties; some are more detailed formats. We are glad to send you direct links to particular properties or do a market analysis on your property;… [Read More]
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