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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Southwest Portland. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 503-780-7599
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| Average Home Price | $550,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $900,000 - $949,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Southwest Portland is | Increasing |
| Seller Activity for the past 90 days in Southwest Portland is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | As a matter of fact, if a home is priced well and shows well, in most cases multiple offers take place. This is a trend seen all over the Greater Portland Area. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Interest rates continue to be at historic lows. As of this update, 30 years fixed rate finacing can be found for under 4%. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | In August of 2011 there averaged 1380 homes on the martket in Southwest Portland. down a little from the previous month, showing inventory is decreasing. On average, homes are selling in 96 days or less and are getting offers just over 92% of asking price. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Portland |
| Housing Hot Spots | Most cities within the Multnomah County area are considered ’Housing Hotspots’ |
| Average Sold Price | $550,000 - View Graph Trend |
Southwest Portland Local News
News for Southwest Portland, OR - September 22nd, 2011 4:20pm
Southwest Portland continues to be an active market in the Portland Oregon area, despite other factors taking place in the U.S. economy. Inventory overall in the area sits at 6.6 months, which is basically balanced between a buyers and sellers market. The average price for homes sold recently has been $514,717, so it is clear there is some strength there! This is a FANTASTIC time to be purchasing a home, with prices basically at 2003 levels and interest rates below 4%! For more information on what is going on in Southwest Portland, please feel free to call me at 503-336-6120 or visit my website at www.SteveSchwabGroup.com
Contact Information
Steve Schwab
503-718-8900
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Steve Schwab
Keller Williams Realty Professionals
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 503-718-8900
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