Portland By The Numbers, February 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for February, or click HERE first to see the February 2017 market stats for Greater Portland saved on my web site.

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Are you looking to buy or sell a new home?

If so, there are things to consider in a strong Seller’s Market like the one we’re enjoying here in Portland.

In an article published last month, financial writer Dan Rosenberg tells of a Portland, OR, couple who decided to grab a quick bite after finding their dream home at an open house. On their way to lunch, their broker called to say the Sellers just accepted an offer.

“The housing market appears to be looking good right now for owners, but some challenges exist for first-time buyers or people without bulging pocketbooks,” Rosenberg is quoted in his February 21 article published in TD Ameritrade’s investor newsletter, ‘The Ticker Tape.’

Are you prepared to handle the current trends in this Seller’s market, and the potential impact these trends can have on both Buyers and Sellers? Let a Realty Trust agent help you navigate this Seller’s market if you’re ready to buy or sell you home.

You can read Dan Rosenberg’s full article HERE on TD Ameritrade’s investor newsletter ‘The Ticker Tape.’
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Portland By The Numbers, January 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for January, or click HERE first to see the January 2017 market stats for Greater Portland saved on my web site.

Graphic for 01 Jan 2017 BTN

Portland’s growing up

Over the last several decades, Portland has grown steadily into the coveted West Coast lifestyle city it always aspired to be, and today’s housing market is a result of that sustained growth. Our market is—and remains—strong. It has fully recovered from the financial crisis of 2009. It has continued nation-leading appreciation, according to the recent S&P CoreLogic Case-Shiller home price index.

Market conditions appear to remain favorable for the foreseeable future, although there are livability factors—such as affordability and homelessness—that if remain unchecked, will affect Portland’s favored status.  Despite these significant issues, our prognosis for Portland’s housing market remains strong.  Our new mayor and city council are focused on housing and working to make Portland more livable now and into the future.

Oregon economic indicators continue to point positive:

  • Oregon was noted as the most economically-improved state in 2016 by the Federal Reserve Bank of Philadelphia
  • Wages have continued to rise since 1990
  • Oregon hit its lowest unemployment rate since 1995 in December: 4.6%
  • Job growth is in a prolonged upward trajectory and our state is now at or near full employment, according to the Oregon Office of Economic Analysis
  • Oregon remains one of the top states in the US for in-migration

Portland retains its favored status on the national and international map:

  • Portland remains the West Coast’s most affordable big city with a median home price of $374,000 vs. $550,000 in Seattle and $1,150,000 in San Francisco (www.trulia.com)
  • Lonely Planet named Portland one of its Top 10 destinations for 2017
  • From Stumptown to PokPok, from jazz instrumentalist and singer Esperanza Spalding to international sensation Pink Martini, our food and cultural scene regularly make headlines

Even in a market grappling to manage major systemic challenges, we see opportunities:

  • Moving Up: Your home is likely worth more than ever before.  There’s greater demand at lower price points, so selling is easier and buying at a higher price point is progressively easier the higher you go.
  • Appreciation: Home values are anticipated to increase by approximately 10% this year, so if you plan to purchase a home and take advantage of this strong market, now is as good a time as any.
  • Rising Rates: Interest rates remain near historic lows, but have risen recently from 3.5% to 4.25%.  Borrowing won’t get any cheaper any time soon, so secure a loan before they rise further.

2016 Portland By The Numbers

At the end of every calendar year, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date statistics for the year on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for 2016, or click HERE first to see the 2016 market stats for Greater Portland saved on my web site.

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Portland By The Numbers, December 2016

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for December, or click HERE first to see the December 2016 market stats for Greater Portland saved on my web site.

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Portland By The Numbers, November 2016

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for November, or click HERE first to see the November 2016 market stats for Greater Portland saved on my web site.

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Portland By The Numbers

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s distinctive 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the October 2016 ‘By The Numbers’ reports, or click HERE first to see the October 2016 market stats for Greater Portland saved on my web site.

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Artist Reception: Evelin Marsh

Realty Trust Group in Lake Oswego welcomes Salvadorian artist Evelin Marsh.

Enjoy her powerful acrylic and resin works – with wine from Paul Tollefson of Premier Mortgage and appetizers compliments of Realty Trust Group – along with excellent conversation with your colleagues, friends and neighbors.

Thursday, November 10
5:00 to 7:00 p.m.

Realty Trust Lake Oswego
600 A Avenue
Lake Oswego, OR 97034

This event is free and all are welcome, so bring a friend!

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Artist Reception: The Geezer Gallery

Please welcome The Geezer Gallery, a non-profit art organization whose sales of master artists’ works fund therapeutic art programs for low-income seniors.

Enjoy beautiful art, complementary appetizers and wine from Paul Tollefson of Premier Mortgage, as well as excellent conversation with your colleagues, friends and neighbors.

Thursday, September 15
5-7 p.m.

Realty Trust Lake Oswego
600 A. Ave.
Lake Oswego, OR 97034

This event is free and all are welcome, so bring a friend!

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