FOR A DETAILED BREAKDOWN OF THE REVIEWED BULLETED ITEMS BELOW CLICK HERE TO READ OUR FULL REPORT.
With the observance of Martin Luther King Jr’s birthday upon us, perhaps we should get out into our community and help others, just like MLK encouraged. Hands of Greater Portland is an organization that gathers volunteer opportunities from across the greater Portland area. To get involved, check out these kid-friendly suggestions, great for the whole family!
It is true. The internet has had a tremendous impact on the real estate industry with buyers using the internet to find their home. This article states that in the last four years 90% of homebuyers use the internet as their primary research tool.
The first week of 2013 proved to be a good one for mortgage rates! With 3.34% for a 30 year fixed conventional loan. Analysts expect that 2013 will be the year for the housing and mortgage industry to gain momentum.
A 30-acre riverfront parcel, now called Zindell Yards, is about to undergo a metamorphosis. This parcel is situated allong the banks of the Willamette River and according to architects, it shall be transformed into an urban space of tranquil greenery, or a park disguised as a vibrant city.
Make sure to check out the article regarding whether or not to invest in a remodel or just sell.
The Portland real estate market is appreciating so here are ten ways to increase the value of your home. Some will be easy and some more complicated but use your budget accordingly to gain the highest dollar value sale.
1. Clean and Declutter. Increase your homes inside square footage … visually that is. You would be surprised at how often this is overlooked. I always tell my clients to pack first and commit to the sale. Removing the wall of family photos, the collections of horses or pigs or cows, and the extra furniture will go along ways towards giving it a larger cleaner look and feel.
Being a Realtor in Portland, Oregon sure feels like the real estate market is stabilizing. Every month there are more and more areas and suburbs of Portland that are appreciating in value when compared to a year ago and more and more areas the Average Sales Price Percent Change are also moving into positive territory at a rapid pace. The inventory in Portland has dropped from January to July every single month and the time on market has decreased significantly as well. All indication is yes the market is stabilized and poised for some long term steadiness rather than the sharp falls and rises that we have been accustomed to since 2008.
On December 15th, the Portland Aquarium officially opened their doors to the public. Located in Milwaukie off of McLoughlin Blvd, the aquarium is home to some of nature’s most precious and fascinating animals. With activities such as birthday parties, sleeping with sharks or an exclusive behind the scenes tour, this new attraction will surely be a hit with Portland folks.
With the State of Washington topping the ranking at number 1, Oregon slides in at number 13. The report categorizes Oregon as an over achiever in the index that uses broadband adoption, network quality and economic structure as indicators on how to rank each state.
Close to 94% of homes located in the Portland Metro Area are occupied, ranking number 5 nationally. According to the Business Journal, there are 872,423 occupied homes out of a total of 930,446.
Due to a combination of rising prices and falling inventories, Portland ranks number 6 in the nation for strength for home sellers. Asking prices average $167 per square foot, which is up 12.8% to a year ago.
Are you looking to buy your very first home? If so, there has not been a more perfect time than now. You can find incredible deals on short sales and foreclosed homes and will see very low interest rates.
Portland joins 75 other metropolitan areas on a list compiled by Freddie Mac as an improving market. This index uses cities that have seen a 6 month growth in employment, new home construction and prices of homes. There are now a total of 201 metropolitan areas on this list.
Willow Tufano made news last year purchasing a house in Florida for $12,000 after saving up a downpayment from selling property from foreclosed homes. Well she did it again and not only that she is in the process of making a reality television show highlighting her new knowledge.
At number 97, Beaverton offers its residents access to natural surroundings, not to mention is home to both Nike and Columbia Sportswear’s.
Coming in at number 95, the gorgeous community of Hillsboro, just 20 miles west of Portland offers expansive spaces, an array of year round outdoor activities and big technology companies to add to the charm of living here.
When a seller is actually wanting as low of a price as possible on their home that is called flopping. The idea is that if a seller can show that they have tried to sell their home, to no avail, the bank might be willing to lower the value of the property in order to unload it.
The Federal Reserve Bank in NY reported that banks owned approximately 4,452 foreclosed homes in Oregon. The inventory has been shrinking and if trends continue, foreclosed homes owned by the bank could be cut by 45% around this time next year.
Great news for the construction industry within the Portland Metro Area, 4700 construction jobs have been added between August 2011 and August 2012. This is a 10% growth in employment puts Portland at number 5 in the country for gains in the construction industry.
Portland’s Silicon Forest ranked number six in the nation for the amount of technology jobs posted online from January to August 2012. This ranking confirms Portland’s status as a hot spot to technology jobs. In addition this jump in tech jobs, tech salaries are up too, specifically 12% in 2011 to an average of $82,000.
The Polar Express with Mt. Hood Railroad
Read along with the popular story as the train makes a magical journey to the North Pole
November 10 – December 28
Tickets from $18 – $46
Pittock Mansion’s Celebrating Christmas Carols
See the mansion’s 23 rooms decorated for the season and enjoy the music of the season
November 19 – January 1
Tickets :: $9.50 for Adults, $8.50 for Seniors, $6.50 for Youth (ages 6-18), free for kids 5 and under
The Grotto’s Christmas Festival of Lights
Experience the world’s largest Christmas choral festival featuring 170 holiday concerts along with holiday foods, seasonal shopping and beautiful light displays
November 23 – December 30
Tickets :: $9.00 General Admission, $8.00 Seniors, $4.00 Children (3 – 12), 2 & Under FREE
Portland’s Singing Christmas Tree
Join in this 50 year Portland tradition as the TREE sings Christmas carols
November 24 – December 2
Tickets from $17 – $77
Trans-Siberian Orchestra: The Lost Christmas Eve
Enjoy the journey as the story encompasses a toy store, blues bar and Gothic cathedral from the inspiring TSO creator
November 25 2:30 and 7:00
Tickets from $40.50 – 60.50
Christmas Fantasy Trail
Take a walk through the lighted, wooded trail. Visit the walk through 40 foot castle, Christmas scenes, maze and more!
December 1 – 29
Tickets :: $5.00 Adults, $4.00 Children 12 and Under
Take a drive or stroll down the quaint SE neighborhood as each house displays beautiful lights and Christmas scenes.
December Specific Dates TBD
Christmas Ship Parade
Experience lighted boats as they make their way up and down the Columbia and Willamette Rivers
December 7 – 21
Zoo Lights at Oregon Zoo
See over a million LED lights transform the Zoo into a luminous winter wonderland
November 23 – December 31
Tickets from $7.00 – $12.50
Winter Wonderland at Portland International Raceway
Take a journey through this Portland tradition and enjoy over 250 color light sets as you drive through the scenes
November 22 – December 25
Tickets :: $16 per car load