Posted on January 6, 2007
The landscape of the Portland real estate market changed greatly in 2006 and we made adjustments to meet the challenge. At the beginning of the year, sellers were enjoying a market where buyers were competing for homes at a frenzied pace and it was not unusual for a buyer to miss out on two or three homes at, near, or over asking price before securing a home.
The local market cooled in the second half of the year as the national market froze and many stepped to the sidelines to see what was going to happen to our market. Against expectations, the slowdown was real but appreciation continued to show respectable gains. In the last month, we’ve seen buyers returning to the market in droves and are looking for an even better year than 2006.
We’ve added staff and tools to meet the demand of a more competitive market. Lisa Nylander is our licensed assistant working our of our Portland office. She handles a lot of the back end of your transaction and works as a buyer’s agent. Susan Horvat works in Stayton, outside of Salem, and covers the market served by the Willamette Valley Multiple Listing Service (WVMLS).
Our first Lexus RX400h hybrid SUV just completed its first year of service. It proved to be such a worthy client-friendly vehicle with its roominess, GPS navigation and impressive 24 miles to the gallon (for a full size SUV), we bought a second one in June. You may see them driving around town with our names on the rear window.
The Portland Real Estate Blog is nearing 50,000 visitors since inception two years ago. It is the sister site to our primary real estate www.TurnerRealtors.com. The blog has all the links to the search tools available on the main site. By registering for Home Finder, you can set up searches that will email you according to your schedule. You can save favorite properties and we can use them to create more detailed reports for the properties you save. Log back into the site at any time and continue looking where you left off. Search-by-map tools have greatly improved recently.
Our technology tools continue to improve. In 2006 we introduced the Property Investment Profile (PIP) that emails out a market analysis specific to your home. The PIP creates a snapshot of the market. It is computer generated and without the touch of a human will never be as accurate as a Comparative Market Analysis (CMA) that we put together to pin down an accurate listing price for your home.
We’ve joined forces with The Inn at Northrup Station and Pyramid Breweries to create a Relocation program
for those moving into the area. The Inn provides a special room rate to our clients and Pyramid provides some great incentives at MacTarnahan’s Taproom. All we ask in return is your commitment to use us for your real estate transaction.
Please feel free to contact for all your real estate needs. We look forward to working with you this year and in the years to come.