Once every three months we get a wonderful and very indepth report on the real estate world here in Portland from PSU. Skip to page 65 for the residential portion of the report
Full copy of PSU Real Estate Report

Popularity: 13% [?]

Here is your Fall 2008 update to 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.

Trend: Detached homes close in are trending in favor of sellers with many sellers waiting until Spring to list. Condo inventory continues to go up in many areas due to more constrictive lending rules.

Detached Homes:
97214 - 2.8 months Ladds / Colonial Heights / Hawthorne - This area also clearly favors sellers
97217 - 3.7 months Arbor Lodge / Kenton
97202 - 3.7 months Sellwood / Eastmoreland / Abernathy
97212 - 4.9 months Irvington / Grant Park
97203 - 5.7 months St. Johns
97211 - 4.4 months Concordia / Piedmont
97227 - 2.1 months - Lowest inventory in the city! Overlook
97213 - 5.5 months Rose City Park
97206 - 5.4 months Foster/Powell / Brentwood
97232 - 4.6 months Kerns / Laurelhurst
97210 - 6.8 months Nob Hill / NW
97219 - 6.4 months Multnomah Village / SW
97201 - 11.8 months Downtown

Condos

97232 - 4.8 months
97213 - 11.7 months
97209 - 9.4 months The Pearl District
97211 - 19 months
97210 - 10.9 months
97206 - 9.8 months
97212 - 11 months
97214 - 13 months
97203 - 13.2 months
97219 - 8.5 months
97202 - 8.2 months
97217 - 44 months - Wow, this area was clearly over built
97201 - 9 months

Popularity: 17% [?]

There are a couple of interesting changes this year that are making for an exciting year end in Portland. As foreclosures rise and bank owned properties are hitting the market many people with well maintained homes are holding off listing until Spring 2009. This is a change from last year when new listings dropped in December and January but were otherwise level. Now that buyers are back in the game after a few weeks on hold there is more competition for the homes close-in that show well and are priced well. I have been in multiple offer situations on 7 out of the last 8 offers I have written in the last month or so.

I’m predicting that bank owned properties will continue to rise and there will be fewer good homes to look at this winter. Come Spring there will be a glut of new listings and a couple months of lower sales histories [due to more distressed sales] which will make for interesting appraisals in Spring. If you have a nice home and are considering selling, this winter might be a great time to go on the market.

Popularity: 19% [?]

Rare chance to own a vintage home. Total remodel including new sewer, roof, flooring, bathroom, kitchen, electrical and more. Even more potential in huge attic w/ skylights and full basement. Detached garage could make great studio/office as well. Don’t miss out. 3rd bed non-conf w/o closet.
Listing info 1525 SE Tacoma

Popularity: 24% [?]