Welcome to the end of Summer 2008 update to the inventories by zipcode. This shows which parts of town and which types of property are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. If I missed your area just let me know and I’ll add it in. Condos for 97201 have been added to this report. I am also adding neighborhood names to the zipcodes.

Detached Homes:
97214 - 3.5 months Ladds / Colonial Heights / Hawthorne
97217 - 4.3 months Arbor Lodge / Kenton
97202 - 4.3 months Sellwood / Eastmoreland / Abernathy
97212 - 5.2 months Irvington / Grant Park
97203 - 5.2 months St. Johns
97211 - 4.4 months Concordia / Piedmont
97227 - 2.5 months - Lowest inventory in the city! Overlook
97213 - 5.8 months Rose City Park
97206 - 5.9 months Foster/Powell / Brentwood
97232 - 6 months Kerns / Laurelhurst
97210 - 6.6 months Nob Hill / NW
97219 - 7.4 months Multnomah Village / SW
97201 - 13 months Downtown

Condos

97232 - 3.8 months
97213 - 10 months
97209 - 8.3 months The Pearl District
97211 - 10.4 months
97210 - 11.8 months
97206 - 14 months
97212 - 17.5 months
97214 - 14 months
97203 - 10.6 months
97219 - 10.3 months
97202 - 11 months
97217 - 32.6 months
97201 - 10.4 months

Popularity: 35% [?]

I’ve been asked quite a few times for REO + Foreclosure info so I thought I’d just put up all the best links in one place.

A list of different banks direct REO lists:
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

Aggregates all the bank lists out there but they want you to pay for details:
http://www.foreclosure.com/index.html

A free site that combines many of the banks lists:
www.reotrans.com

Popularity: 44% [?]

One of the best buildings in Nob Hill is the Vaux. All Stainless kitchen with new granite counters and hardwood floors. Travertine and granite in the spacious bathroom. Bedroom has it’s own nook and can be curtained off from living space for more privacy. Wall of windows for wonderful light and courtyard view. Garage parking, bike storage and same level storage included.

Popularity: 53% [?]

The big news over the weekend was the Federal take-over of mortgage giants Fannie Mae and Freddie Mac. Both companies common stock plummeted in early morning trading and there is speculation that stock holders could lose everything. The good news is that the Federal intervention protects the investors that loan money that is eventually used to fund loans. Between these two companies they hold 50% of all mortgages in the entire USA. I think it is way too early to speculate what this will mean to everyone in the real world of buying and selling homes although early word is that it might make interest rates lower but tighten the ability of people without awesome credit to borrow. If the Fed makes it very difficult or costly to borrow it could end up only helping wealthier investors and having no real difference to average borrowers.

Stay tuned for updates and comments as this develops.

The best article I could find was from the SF Chronicle: Read it here

Popularity: 40% [?]

A great example of modern Ranch home. Hardwood floors, entertainer’s kitchen with nook opens to the living room and dining room. Large master suite with walk-in closet. Tons of off-street parking and a large fenced lot as well. Also has a huge attic that runs the entire length of the home!
Listing info for 6606 SE Hazel

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