This Month in Real Estate – November

Check out this video from Keller Williams, This Month in Real Estate for November!

 

Total Market Overview for January 2012

Click here to see the Total Market Overview for January 2012 for the Portland Metro Area.

97209 Market report for the week of February 13, 2012

 

Today we have another market statistic report for you folks!

This time it’s a weekly report that we get from Fidelity National Title.

Click here to see the report.

 

In this report you will find:

  • The current real estate market conditions for condos and townhomes
  • Trends in pricing
  • Current levels of supply and demand
  • and Value Metrics

 

Dandelion, near NW 15th & Thurman
Photo by cleartrampoline

 

Is everyone enjoying the lovely sun-breaks we’ve been seeing the past couple of days?

 

A New Jazz Club in the Pearl

Ivories Jazz Lounge SignA new jazz club, Ivories Jazz Lounge and Restaurant, opens in the Pearl at 1435 NW Flanders this Friday, 11/11, at 4pm with a grand opening event on Saturday 11/12.

From my point of view, there is always room for more jazz and this club promises to be a little different from the existing clubs. Owner Jim Templeton is creating a piano bar with seats around his grand piano, as well as a stage for jazz ensembles. He will be featuring local and regional musicians each month with an early and a late set.

The menu looks pretty good too. There are lots of choices with happy hour and late night prices as well as a Sunday brunch. I’ll be checking this place out for sure!

http://www.ivoriesjazz.com/index.htm

First Thursday’s 25th Anniversary

Next week marks the 25th anniversary of “First Thursday” gallery walk, a monthly invitation to visit art galleries in and around the downtown area and the Pearl District. This is an opportunity to see new artwork , often with a chance to meet the artist, or hear some good music, or maybe even drink some wine. Galleries are usually open from around 6pm to 9pm for this event. Visit the Portland Art Dealers Association website for gallery information. Go here for a map.

An interesting side-note is that one of the founders of this tradition was a gallery owner named William Jamison.  He was important in the development of the Pearl District and Jamison Square, a wonderful community gathering place at 11th and Johnson, was named in his honor.

Pearl District Sunrise

This was an incredible sunrise in Portland, Oregon’s Pearl District. The light surrounds Mt. Hood in the distance as it breaks through to the valley: Amazing…

Affordable solutions to selling your home…

 

“Simple and affordable do-it-yourself projects can greatly increase a home’s resale value, according to HomeGain’s annual home improvement and staging survey. The marketing company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list” (Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey, www.homesalemaximizer.com).

http://www.realtor.org/rmohome_and_design/articles/2011/1104_home_fixups

I just had a related conversation with a potential seller about spring cleaning and resale values. These are examples of  minimal cost improvements that could result in a positive return for sellers with buyers paying top- dollar.

Renting vs. Buying in Portland, OR.

Portland has been mentioned (again) as one of the top 10 cities where buying a home is more affordable than renting:

http://www.forbes.com/2010/01/21/buying-versus-renting-lifestyle-real-estate-homes.html

A recent showing of a great listing in the Pearl District of Portland, Oregon coincided directly to this very conversation. My client just moved to Oregon from New York and has been renting in one of the premier leasing buildings in the Pearl. He stated that the rent prices have drastically climbed higher in the last few months and that the buzz within the renters’ community is that maybe it is time to purchase after all. The result of a turbulent real estate market, an overall economic recession and strict lending guidelines have increased the demand for leasing. However, this has created a void and a set of favorable conditions for buyers of homes across this state: home prices have been reduced 29% on average, record interest rates and income to mortgage ratios are at their lowest levels in a generation.