The traditional seasonal cool down of the market seems to be taking shape in Portland. With the latest numbers in the RMLS Market Action, the winter season is typically a slower season in real estate as focus tends to shift from buying a new home to vacations and the holidays.
The latest RMLS market action is out, and we see that the market is continuing to even out after the last year or so that saw the Portland market explode.
Month to month over the last 2-3 months, the market is certainly headed away from being the hot seller’s market it was early this summer. Homes are sitting on the market longer than they were before and prices have dropped compared to last month, but the market is still incredibly strong.
Time on market is the third shortest it’s been in three years, and prices over the last year have risen at one of the fastest rates in the country. If you’re looking to sell in Portland right now, you don’t need to worry. Sure you might not get 5-6 offers over ask the day your home goes on the market like you might have in May, but if your home is priced right, you’re likely to see strong offers rather fast.
If you’re on the buying side, things are looking pretty good for you compared to just a few short months ago. You’re no longer having to write your offer the second you see a house. You do still have to be quick, but you can take just a little more time on your home search.
The winter season is typically slower than the summer for real estate, but with the market in a slight cool down, it may be the perfect time for buyers and sellers to hit the market and get prices they’re happy with.
Have you ever seen a house that looked so beautiful from the outside that you just had to see what it looked like inside? Maybe it’s even been on the market and you’ve been tempted to call your favorite Real Estate agent (hopefully that’s us!) to get a tour and see inside. Thanks to the Matterport camera, we’re getting even closer to being able to feel like you’re inside of a home while being nowhere near the actual home.
Being in real estate, we see all sorts of homes every day. Since we see so many homes, we’re also often relied upon to be a trusted source of information for clients who need things done at their home or related to their homes.
We wanted to share some of our favorite people and companies we know and trust to help clients with whatever they need. These aren’t companies we’ve asked for money to pay to promote them, these are the people we trust with our own homes when we need their help.
First up is Son’s Carpet Cleaning, a company we trust to always do outstanding work when cleaning our carpets or our clients carpets. Click read more to learn more about them, and as a bonus to our readers, they’re offering a promo to our great readers.
To some, the latest edition of the RMLS market action may look like the market might be on a downturn first glance, and it certainly does without context. Zooming out and taking a longer look at what the market has done over the last year paints a much different picture.
Looking at the numbers month to month, average and median prices have dropped and average market time has increased. Under normal market conditions, these numbers might indicate that we’re heading into a buyer’s market. Looking at the year over year numbers it may not be that simple though.
As our team does every year, we went down to Street of Dreams to check out the selection of handpicked luxury homes to see what real estate trends are next, to get some inspiration for our own homes, and just to gaze at some fantastic homes. We then asked our team to pick out something that they enjoyed the most about the homes and had them write about it.
Ray Gardner is up next and is one of our newest buyers agents on the team. He really loved the outdoor spaces at Street of Dreams, and the sheer beauty of all of them.
Recently, our team ventured to Street of Dreams 2016 in West Linn to get a look at out this year’s selection of homes to see what real estate trends are happening in the luxury market and to get some inspiration for our own homes. We wanted to get some unique perspectives on each of the homes, so we enlisted each of our buyers agents to write a blog post about the things they liked the most.
Melissa Messner is one of the newest agents on our team and always brings her unique perspective to everything. Read below to learn more about some of her favorite things she saw at Street of Dreams.
As our team does every year, we headed to Street of Dreams to check out this year’s latest selection of gorgeous luxury homes to see what real estate trends are next, to get some inspiration for our own homes, and just to gaze at some fantastic homes. We asked our team to pick out something that they enjoyed the most about the homes and had them write about it.
With technology advancing at a constant rate these days, it’s sometimes hard to keep up. This is especially true in the real estate world. There is constantly a new way to enhance your listing and make it stand out. It’s tough to wade through all the different ways to make your listing unique to find the ones that truly work. Sometimes something will even goes away before it’s really gained traction in the marketplace.
We’ve always wanted to be at the forefront when it comes to technology ready to embrace these trends and be one of the first to try them out and see how they can help our listing, evidenced by our Matterport camera, that we use to do 3D tours of all of our properties.
One of the newer trends that appears to have found it’s place in the market is drone photography. Drone photography has of course become incredibly popular over the last few years as the drone industry has taken off, but how can we apply the use of drones to real estate?
The Portland Metro area RMLS Market Action for June 2016 was just released, and the numbers look a little more promising for buyers than they have in recent months. Inventory has slightly increased, Prices are increasing – but not at as dramatic rates as months past – and the number of active listings is the highest it’s been in 2016.