Have you ever wondered what people mean when they use the words “buyers market”? This PDF does a great job of explaining what that really means and why now is a great time to buy real estate. Give me a call at 503.748.8206 if you have any questions or have been thinking about taking advantage of the historically low interest rates available to buyers right now.

Buyers Market PDF

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Sales volume is a leading indicator for price. To help predict where the market is going I will be publishing sales volume trend reports and pending sales trends. The wisdom is that price follows volume so when you see a market trending higher in sales prices will soon follow up and when sales volume is low prices will stay flat or fall.

The closed sales volume is trending up and pending sales continue to rise but the volume is still down from the same months in 2008. Normally we see sharp increases in closed sales in the months of March and April that lead to a seasonal peak in June and July.

Wild cards: Low interest rates, stock market, continued rise in foreclosure listings & unemployment.
I’m predicting around 500 closed sales in Portland (areas 141, 142, 143 & 148) in June, hovering close to last months numbers. This is still far behind last years numbers so pricing will likely stay flat or slide slightly. First time buyers are still the strongest segment in the market and well maintained homes under 275k account for many of the sales.

Full Report PDF

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I recently helped a client buy half a city block of commercial property on east Burnside. There are lots of great commercial real estate opportunities for small business owners and investors in Portland right now. If you’ve been thinking about buying a space for your business or just want some information on the local commercial market please give me a call at 503.748.8206.

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I recently helped some clients buy this this 2424 SF home in the Alberta Arts neighborhood. Summer is almost here and things are continuing to heat up in Portland. If you’ve been thinking about buying or selling (or know someone else who is) give me a call at 503.748.8206. I’m here to help you with any of your real estate needs and I always appreciate your referrals.

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Get ready for 77 pages of pure statistical real estate euphoria. PSU is the gold standard for local real estate info in both commercial and residential. My analysis is an even more localized and condensed version of what this report covers.

Topics in this issue:
-Commercial Real Estate credit problems
-Distressed properties in Portland
-Office, Industrial and Multifamily analysis

Dig in – Full Report Here

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