A few thing worth noting in the Portland real estate market:
- The Portland Business Journal reported in Friday’s edition that Buena Vista Custom Homes has been disolved by the Secretary of State’s office. One of the marquis Portland area builders fell victim to the housing decline and heavy investment in Happy Valley. I showed a barely lived in short sale on Saturday that they built.
- The 2009 Street of Dreams has started. We’ll be there at Wednesday’s Realtor Day. There are discount codes available elsewhere online for a break on the $15 Pearl Pass.
- More Portland Street of Dreams news: Ryan Frank reports on the Front Porch that the Waterfront Pearl, one of the four Street of Dreams developments has been foreclosed on.
- We reduced 2356 NW Hoyt, the Rober F. Hall House, to $975,000. The number of sales over $500,000 is down significantly in 97210 and appreciation is mixed in different price ranges. We think its a great house that is now appropriately priced for the market. The market will make that determination. The 15 year Special Assement tax program starts this year and has potential property tax savings of over $1000 a month versus properties not on the State Historic Preservation Office program.
- Case Shiller reported last Tuesday that national home prices were up for the first time in three years and Portland was up as well. I wrote about that last week.