Portland Real Estate Market
The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.
Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.
If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.
Stephen FitzMaurice, Realtor
1.7% to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
Affordability – 2015 Portland Housing Market
Is Portland an affordable place to buy a home? It’s a complicated question and how you answer it depends on what’s important to you. Luckily, we can count on the RMLS to break it down for us in simple numbers. It’s called the Affordability Index, calculated by our friends at the National Association of REALTORS®. […]
New Portland Real Estate Market Data
The RMLS — the official property database for the Portland real estate market — has just released some exciting new reports! Now, I know that the words “report” and “exciting” don’t usually go together, but numbers are my secret weapon — and yours, too. The more we know, the better we can market your home […]
Is Your Portland Home Selling?
How many showings should your home be getting once it goes on the market? As a Portland real estate agent, I’ve learned that every seller has their own expectation – some are fine with one potential buyer looking around every week are so, some are calling in indignation if their home gets less than ten […]
New Beaverton, Aloha Zip Codes 97078 and 97003 – July 1st, 2015
Due to population growth the U.S. Postal service is adding zip codes 97003 and 97078, breaking up the current (and rather massive) 97006 and 97007 zip codes. There are nearly 42,000 zip codes in America. Why is this important to the Portland real estate market? According to a spokesman for the U.S. postal service, “It’s […]
April RMLS Market Report Shows Tight Inventory in Portland
The latest Portland Real Estate Market report from RMLS shows the market coming out of a hot spring and into an even hotter summer. With real estate inventory dropping down to 1.8 months, a low not seen since 2005, Portland home buyers and real estate agents are having to work extra hard to get their […]
Google Moving into Portland Real Estate Downtown
When Google opens up its new office in Portland, Roman columns and carved bronze will suddenly become high-tech. The U.S. National Bank Building, an architectural landmark downtown, has been leased to the search engine giant. While certain subsidiaries of Google have been in the city for the past five years, this Google outpost will be […]
ADUs Relieve Pressure on Portland Housing Market
Accessory Dwelling Units, or ADUs, are really taking off in Portland. It’s not just Portland real estate agents who are taking notice. In some high-density Portland neighborhoods, these tiny houses make up 10-15% of dwelling units, according to BikePortland.org. Over 200 new ADU permits were issued in 2014 alone. Part of the explosion is due […]
Portland Housing Market: Best Place to Retire?
The popular TV show Portlandia once quipped that Portland is where young people go to retire. It turns out it’s where those who are young at heart go to retire, too. Portland’s residents already include over 64,000 who are 65 or older. Portland State University’s Institute of Aging, expects this number to grow 106% in […]
Certified Portland Short Sale Agent
The Portland real estate market has been doing great lately. It’s a seller’s market – prices are up, inventory is down. But some Portland homeowners are still not joining the party, even though they’d love to sell. That’s because about 10% of them are underwater on their mortgages. Going underwater on a mortgage, or owing […]
Hillsboro Real Estate Market up in February 2015
Portland saw its best February for closed sales since 2007, according to the RMLS report that came out last week, and RMLS numbers also revealed that Portland has a real estate superpower sitting just up the hill! First, Portland, where numbers improved across the board, from new listings — up nearly 25% compared to February […]
FHA Offers 3% Down-Payment Loans for First-Time Home Buyers
Starting next month, Fannie Mae and Freddie Mac — the lenders of the Federal Housing Authority — will offer home buyers mortgages with just a 3% down payment through its Home Possible Advantage loan program. On a $300,000 home, that means just $9,000 up front, plus closing costs. Is this a good idea for Portland […]
Portland’s Housing Market Future – New Downtown Plan 2015
City planners, business owners, economists – and busy real estate agents! – agree: Portland’s population is growing. The metro area, which encompasses Multnomah, Washington, Clackamas, Clark, Skamania, Yamhill and Columbia counties, is forecast to reach 2.3 million next year. And that number could hit 3 million or more by 2035. That’s probably why the Portland […]
Portland Market Short Sales and Foreclosures 2015 Update
Portland Foreclosures: So five years ago? Not quite. Since the housing bubble burst in 2009, and hundreds of homes went into foreclosure, Portland home buyers and sellers have adapted to a market composed of about 10% bank-owned homes and short sales. While the number of foreclosures has definitely lessened since the burst of the bubble, […]
Portland Real Estate Market Review of 2014, Projections for 2015
It’s time to take a look back at 2014 and ask the big question: What kind of a year was it for the Portland real estate market, home buyers and sellers, and real estate agents? If you guessed “great”, you’re right. Home prices went up and so did the number of new listings, and Portland […]
2015 Spring Buying Season Starts Now in Portland
Here is (in summary form) everything you need to know about the Portland real estate market in 2015. Best time of the year to sell, best time to buy! The real estate season is a bit like Christmas – it seems to start a little earlier every year. Traditionally, homes sell the best in summer […]
Sell your Portland Home Fast in 2015
In 2014 I sold 54 Portland area homes as their listing agent in less than 30 days. In about 3 weeks from now, I’ll be releasing a little e-book titled, “5 Secrets to Selling your Home in Less than 30 Days.” It will be available on Amazon.com and other sources. I thought I would write […]
We have worked with many Realtors over the years and Stephen is by far the best we have ever met. He's very knowledgeable and gets the job done quickly. We had multiple offers after one day, not because we were under priced but because we had maximum exposure at the appropriate price!
Karen
