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Dean Kirkland

Portland Real Estate Blog by the Turner Team Inc.

http://www.portlandrealestateblog.com/

Located in Portland

Last update: January 3rd, 2014 at 09:27 am

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42 post clicks in the past 90 days

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What a difference a couple of years makes!  In February of 2011, I ran a search in RMLS that resulted in 4208 active listings in Portland.  441 of those were bank owned (REO) and 750 were short sales.  REOs made up 10.4 of the market and 17.8% were short sales. I ran the same search...

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RMLS Market Action for November was released yesterday and we have our new infographic ready!  The Portland real estate market has slowed some but we expect that with the holidays.  We typically expect to see fewer buyers and sellers in the market at this time of year but they are usually more motivated- it’s not...

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Case Shiller’s September 2013 housing report was released yesterday.  The two-month lagging report show that the Portland real estate market edged up from August.  The 160.18 is up less than a point but more importantly has rebounded 30 points from the March 2012 low of 129!  That means that the pool of underwater

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RMLS Market Action for October 2013 is hot off the press and it shows that housing inventory in the Portland Metro area dropped to 3.4 months.  Inventory was 3.7 months in September and 3.8 months this time last year. The average sales price is $314,100 which is a slight drop from September but up 13.5%...

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I got a call today from a home buyer asking if there are any view ordinances preventing neighbors from planting trees that will eventually block their view?  The answer would logically apply to an existing tree as well. I wasn’t entirely satisfied with my Google search to figure out the answer but I was leaning...

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We’re trying something new this month with September’s RMLS Market Action: an infographic (click the image to enlarge): Please note- image is copyrighted.  Feel free to share, please do not edit our contact info out or yours in.

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RMLS Market Action for the Portland Metro real estate market just went to to press.  Inventory, the ratio between the number of active listings and the number of closed listings, continues to hover around three months.  Previously, pundits have said that six months of housing inventory is the neutral point between buyer a

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Is the distressed property era over? In Portland, the answer appears to be, “yes” but keep reading as to why that’s not entirely true.  “Distressed Properties” are those that are either short sales or bank owned (also know as REO- Real Estate Owned)  In October 2011, I wrote that 20% of all a

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What’s my home worth? The answer is the foundation for intelligent decision making. No matter what type of evaluation is done, the result is a matter of opinion. There are three basic types of home valuations: Completely automated reports like those from Zillow (Zestimate), Trulia or our Market Snapshot, which is a Re

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July 2013′s RMLS Market Action was published yesterday.  Inventory remains tight and consistent at 2.8 months and other metrics are in positive territory as well.   The average sales price is $326,500 compare to $287,000 this time last year. Here’s a metric we’ve never looked at before: the ratio of acc

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The Portland Case Shiller Index continues its upward trajectory.  The latest report, March 2013, was released this morning.  Portland’s index has climbed to 145.52.  That’s a 16 point game from where the index was at this time last year!  The rapid increase borders on being a little scary but it also is a hu

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Remember mixed tapes?  My ex-girlfriend from college made me one that included Barenaked Ladies ‘If I had a Million Dollars” which include the lyrics, “If I had a million dollars / well, I’d buy you a house.”  If you decided to buy a million dollar house in Portland today you’d have a c

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On May 7th, the Atlantic & Pacific Real Estate name went the way of the dinosaurs and we rebranded to Carrington Real Estate Services.  Over the last 18 months you’ve grown accustomed to the orange and green signs outside of our listed properties.  Now you’ll see our fresh new look of the Carrington Real E

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Bad blogger, bad blogger.  When you realize your last post was March’s RMLS Market Action report and April’s came out two days ago it’s time to start typing.  So here we go.  There’s no real surprise the inventory is low.  At  3.1 months that mean that if we stopped taking new listings, the 6498

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How low will it go?  RMLS Market Action for Portland real estate was released yesterday.  Metro inventory dropped to 3.2 months which is the lowest it’s been since June 2006.  “Metro” is a five county area so when you look at the closer-in areas the picture changes: North Portland: 2.6 months Northeast

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You can’t buy a house if you can’t find the house.  Finding a Portland address is pretty easy if you remember these tips. In an era of GPS navigation, Google Maps and cell phones we may spend less time not knowing where we are but it’s still nice to have a basic understanding of the...

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When the Portland Business Journal’s January 2013 Case Shiller Index headline is, “Housing recovery starts to look like a boom,” y’all better be paying attention.  Long the messenger of doom and gloom Portland’s 8.3% year over year increase is something that’s hard to ignore.  That said

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A little tardy with regarding last week’s December 2012 Case Shiller Index but here we go.  The Index in Portland dropped .78 of a point in December.  Even though that’s more than the .5 it lost in December 2011 and many areas posted positive December 2012 numbers the reason for the title of this post...

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All of the conversations I have been having with Realtors lately center around a the theme, “I am loving this market, just wish there were more houses to show my clients.”  December gave us the lowest Portland housing inventory we’d seen in years.  Inventory climbed to 4.7 months in January but there were only six..

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A few weeks ago I found a reference to an 1997 HUD directive for the creation of FHA Bridal Registry Gift Fund accounts.  Google was little help in uncovering what the in-and-outs about the program.  There are lots of references to it on Realtor websites, recent blog posts and the like but not one of...

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I love my in-laws but I don’t particularly want to live with them.  That said, there are certain life events that might necessitate that later on.  What would we do?  Where would we put them?  Maybe an ADU would be the answer.  An accessory dwelling can be internal to the main house, attached or detached. ...

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The loss of .31 of a point in November 2012 ended seven straight months of gains for Portland’s Case Shiller Index.  The Index, at 142.13 is nearly nine points higher than it was this time last year and closely matches February and October 2010, and November 2004.  The Index is up 12.5 points (10%) since...

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We have an rental property that we had a full blown appraisal on about 90 days ago.  It came back at $315,000 which is about what I expected given that it does not have the showroom ready curb appeal that I would want if listing it for sale.  While testing out Realtor’s Property Resources site...

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The December 2012 RMLS Market Action gives us the complete picture of the 2012 Portland real estate market.  There 17,84 fewer new listings than 2011.  Coupled with 3,340 more closings than 2011, inventory was driven to lows we haven’t seen since 2006.  The low inventory has created the first seller’s market we’ve

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When RMLS Market Action was released this afternoon the first thing I noticed was that December’s inventory is the lowest shown on the graphic.  The write-up doesn’t help as it just says it, “is the lowest in months.”  A quick dive back into the December 2006 & 2009 Market Actions helps paint a better picture.

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Portland’s Case Shiller this month is really only worth a twitter type post: “PDX CS up 1pt in Oct to 142. Down 1pt same period in ’11 & ’10 so good news.  Winter key to recovery picture. Market strong at year end.”  138 characters, ’nuff said.

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‘Tis the season to expect real estate markets to slow down.  Right on cue, all indicators were off from October but that doesn’t mean the market is in free fall.  Inventory remains historically low for this time of year.  At 4.2 months, that’s less than half of November 2010′s 10.2 months and well ahead of...

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The Case Shiller Index was released this morning for the September 2012 reporting period and for the sixth consecutive month, the Portland MSA has increased.  Today’s 141.10 is the highest since November 2010 and 11.5 points above the March 2012 low.  The next few months will be the most telling as we head into the...

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RMLS Market Action for October 2012 was released yesterday and inventory has dropped even further to 3.8 months. 2012 has seen fewer new listing than 2011 but an increase in closed sales has pushed inventory levels even lower.  At the end of October there were only 7981 active residential listings!  That’s a huge drop f

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You probably got your property tax bill in the mail a couple of weeks ago.  If your mortgage payment doesn’t include an impound account to pay your taxes and insurance, in order to get the maximum discount you need pay the bill by November 15th. This time of year we tend to get a lot...

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