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JUST LISTED! Portsmouth Bungalow
8615 N Druid Ave. Portland OR 97203
MLS #: 18357306
Taxes: $2,235
Lot Size: 4,792 SQFT
Type: Single-Family Home
Year Built: 1923
Style: 2 Story, Bungalow
County: Multnomah County
FABULOUS home with lots of recent updates, including refinished floor in living room and energy savings improvements. Energy score is 9 of 10 for your comfort and utility cost savings! Basement has adequate ceiling height and outside entry which could be finished for separate living. Additional attic space
Interior Features
Bamboo Floor
Washer/Dryer
Laundry
Hardwood Floors
Heating and Cooling
Forced Air
Central Air Conditioning
Basement Information
Unfinished
Exterior Door
Property Features
Fireplace: Wood
Exterior Features
Yard
Fenced
Roof: Composition
School Information
Elementary School: Rosa Parks
Middle School: George
High School: Roosevelt
Utility Information
Sewer: Public
Fuel: Gas
Lot Information
Level
Oregon and Southwest Washington Real Estate Market Update
ECONOMIC OVERVIEW
The State of Oregon added 30,600 new jobs over the past 12 months, representing an annual growth rate of 1.7%. Although job growth continues to slow, solid gains were still seen in the Construction (+7,400), Education & Health Services (+6,400), and Leisure & Hospitality (+5,200) sectors.
Oregon’s unemployment rate was in record low territory for all of 2017, diving to 3.6% in May of 2017, before drifting up to 4.2% by November. It is clear that the annual average unemployment rate for the whole of 2017 will be the lowest on record.
HOME SALES ACTIVITY
- Fourth quarter home sales dropped by a very modest 1.5% compared to the same period last year, with a total of 15,314 homes sold.
- Sales rose the fastest in Tillamook County, which saw a 76.2% increase over the fourth quarter of 2016. There were also noticeable sales increases in Cowlitz, Lincoln, Coos, Clatsop, and Crook Counties. Home sales fell the most in Jefferson, Hood River, Skamania, and Yamhill Counties.
- Year-over-year sales rose in 12 counties, remained static in one, and dropped in the other 13.
- Although sales were a mixed bag, I still contend that any drop in sales was due to low levels of available inventory rather than declining demand.
HOME PRICES
- The average home price in the region rose 7% year-over-year to $363,110. This is down 1.4% from the third quarter of 2017.
- Tillamook County led the market with the strongest annual price growth. Homes there sold for 22.5% more than a year ago.
- All counties other than Klickitat, Clatsop, and Lincoln experienced rising prices when compared to the fourth quarter of 2016. The majority of counties saw significant, double-digit increases.
- This slowdown in price growth is likely due to buyers feeling priced out of the market.
DAYS ON MARKET
- The average number of days it took to sell a home in the region dropped by 7 days from the fourth quarter of 2016, but was up 13 days from the third quarter of this year.
- The average time it took to sell a home in the region last quarter was 80 days.
- Eight counties saw the length of time it took to sell a home rise compared to a year ago, but I still do not see this as troublesome. Listings are scarce during the winter months, and it’s not unusual for buyers to wait until spring in anticipation of more choices in the market.
- Once again, homes sold the fastest in Washington and Multnomah Counties, where it took an average of 33 and 34 days, respectively, for homes to sell.
CONCLUSIONS
The speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors. Housing markets throughout Oregon continue to benefit greatly from the healthy regional economy.
The Oregon/Southwest Washington housing market remains fairly strong and, given that inventory levels are unlikely to increase as we head toward the traditionally busier spring market, sellers remain firmly in the driver’s seat. That said, price growth and home sales have slowed, so I am leaving the needle in the same position as last quarter.
Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.
Open Houses This Weekend!
Saturday, January 27, 2018
11:00 a.m. – 3:00 p.m.
1-3 p.m.
Sunday, January 28, 2018
Noon-2:00 p.m.
Property Address
7424 SE Market St.
Portland, OR 97215
Offered by
HUD Team
Direct Phone
503-964-8333
Description
- 3 bedrooms
- 1 bath
- Hardwood Floors
- Fenced back yard
- MLS: 18161375
- Taxes: $3,928
Details
Location, location, location! Desirable Mt Tabor is the neighborhood this home is located in. Near shopping, schools and the 205 fwy, this 3 bedroom, 1 bath cutie features a separate dining area, hardwood floors in the living room, hallway and all bedrooms. Theres a fireplace for those cool winter nights, single car attached garage and a large fenced backyard. Could use a bit of TLC and your decorating ideas. Hurry on this one!
-
- $312,000
- 972 sq. ft.
Windermere Community Realty
Saturday, January 27, 2018
Noon – 4 p.m.
Sunday, January 28, 2018
Noon-4:00 p.m.
Property Address
10114 SE 70th Ave.
Milwaukie, OR 97222
Offered by
HUD Team
Direct Phone
503-964-8333
Description
- 3 bedrooms
- 2 bath
- MLS: 18492426
- Taxes: $2,465
- 1 Story, Ranch
- Fenced back yard
Details
This home is waiting for your finishing touches. A nice 3 bedroom, 2 bath home with large living room with fireplace. Has a good sized kitchen and dining area and a family room too. Double attached garage and HUGE backyard! Close to shopping and the 205 fwy. North Clackamas schools too. HUD owned property, hurry on this one!
-
- $235,000
- 1,444 sq. ft.
Windermere Community Realty
JUST LISTED! Johns Landing Area Condominium
5624 SW Riverside Ln. #15
Portland OR 97239
$335,000
2 Bed / 2 Bath
1,170 SQFT
MLS #: 17299464
Taxes: $4,753
Type: Condo/Townhouse
Year Built: 1981
Style:Common
Views: Territorial, City, Trees
County: Multnomah County
Community: Johns Landing
Attractive price on a 2 bedroom condo in Johns Landing! Desirable top floor condo with location and updated interior. Seasonal river view from deck. Close to Willamette River and Greenway Trail, public transportation, restaurants, Zupan Market and just minutes from downtown.
Exterior Features
Sprinkler
Security Lighting
Deck
Roof: Flat
Lot Information
Commons
On Busline
Heating and Cooling
Heat Pump
Forced Air
Homeowners Association Information
Dues: $418
Garage
Carport
Basement Information
No Basement
School Information
Elementary School: Capitol Hill
Middle School: Jackson
High School: Wilson
Interior Features
Laminate Flooring
Wall to Wall Carpet
Utility Information
Sewer: Public
Fuel: Electricity
Kitchen
Eating Area
Property Features
Fireplace: Wood
Subdivision
Johns Landing
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing data comes in part from the RMLS of Portland, Oregon and is copyright 2018 RMLS. Real Estate listings held by brokerage firms other the Windermere are explicitly identified. Some properties which appear for sale may have subsequently been sold or may no longer be available: The content last updated on 1/19/18 04:04. Listing Data Copyright 2018 RMLS. All rights reserved.
JUST LISTED! SW Portland Condo
American Plaza Towers Area Condominium
2221 SW 1st Ave 222
Portland OR 97201
$527,000
2 Bed / 2 Bath
1,593 SQFT
MLS #: 18240999
Taxes: $7,819
Lot Size:
Type: Condo/Townhouse
Year Built: 1973
Style: 1 Story, Common
Views: Territorial, City, Trees
County: Multnomah County
Community: American Plaza Towers
Come home to an urban retreat in the heart of downtown Portland. Enjoy the light airy feeling of this spacious 2 bedroom floor plan. The condo features a large master bedroom, large 2nd bedroom, 2 baths, kitchen, dining area and living room. Two balconies. The amenities include an indoor and outdoor pool,gym and sauna. Deeded parking space in a secure garage. There is a 24 hour concierge. Storage unit included. Access to Max and bus.
Interior Features
Indoor Pool
Elevator
Wall to Wall Carpet
Tile Floor
Intercom Entry
School Information
Elementary School: Chapman
Middle School: Gray
High School: Lincoln
Property Features
Fireplace: Gas
Fireplace: Electricity
Utility Information
Sewer: Public
Fuel: Electricity
Garage
Available
Basement Information
Concrete
Exterior Features
Covered Deck
Sauna
Pool
Deck
Roof: Built-Up
Lot Information
Light Rail
Level
Commons
On Busline
Heating and Cooling
Ductless
Heat Pump
Kitchen
Built-In Dishwasher
Built-In Microwave
Subdivision
American Plaza Towers
Homeowners Association Information
Dues: $730
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing data comes in part from the RMLS of Portland, Oregon and is copyright 2018 RMLS. Real Estate listings held by brokerage firms other the Windermere are explicitly identified. Some properties which appear for sale may have subsequently been sold or may no longer be available: The content last updated on 1/19/18 04:04. Listing Data Copyright 2018 RMLS. All rights reserved.
JUST LISTED! HUD Exclusive in Milwaukie
10114 SE 70th Ave
Milwaukie OR 97222
$235,000
3 Bed / 2 Bath
1,444 SQFT
Cumulative Days on Market: 1
MLS #: 18492426
Taxes: $2,465
Lot Size: 0.26 acres
Type: Single-Family Home
Year Built: 1971
Style: 1 Story, Ranch
County: Clackamas County
This home is waiting for your finishing touches. A nice 3 bedroom, 2 bath home with large living room with fireplace. Has a good sized kitchen and dining area and a family room too. Double attached garage and HUGE backyard! Close to shopping and the 205 fwy. North Clackamas schools too. HUD owned property, hurry on this one!
Exterior Features
Patio
Fenced
Roof: Composition
Utility Information
Sewer: Public
Fuel: Electricity
Lot Information
Level
Basement Information
No Basement
Garage
Attached
School Information
Elementary School: Lewelling
Middle School: Rowe
High School: Milwaukie
Interior Features
Vinyl Floor
Wall to Wall Carpet
Property Features
Fireplace: Wood
Heating and Cooling
Forced Air
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing data comes in part from the RMLS of Portland, Oregon and is copyright 2018 RMLS. Real Estate listings held by brokerage firms other the Windermere are explicitly identified. Some properties which appear for sale may have subsequently been sold or may no longer be available: The content last updated on 1/19/18 04:04. Listing Data Copyright 2018 RMLS. All rights reserved.
Just Listed! Alberta Arts District
Portland OR 97211
2 Bed / 1 Bath
775 SQFT
Cumulative Days on Market: 3
MLS #: 17601230
Taxes: $2,338
Lot Size: 3,920 SQFT
Type: Single-Family Home
Year Built: 1922
Style: Cottage
County: Clackamas County
Community: Alberta Arts
Wood Floors
High Ceilings
Hardwood Floors
Heating and Cooling
Forced Air
None
Utility Information
Sewer: Public
Fuel: Oil
Basement Information
Unfinished
Garage
Detached
Exterior Features
Yard
Porch
Roof: Composition
School Information
Elementary School: Vernon
Middle School: Vernon
High School: Madison
Subdivision
Alberta Arts
Lot Information
Level
Just Listed! Views of Willamette River in Oregon City
Oregon City OR 97045
$449,000
3 Bed / 3.1 Bath
2,805 SQFT
Cumulative Days on Market: 3
MLS #: 17054147
Taxes: $5,161
Lot Size: 4,792 SQFT
Type: Single-Family Home
Year Built: 2006
Style: Traditional, Contemporary
Views: River, Trees
County: Clackamas County
Interior Features
Granite
Wood Floors
Hi-Speed Connection
Wall to Wall Carpet
Garage Door Opener
Ceiling Fan
Built-In Vacuum
Kitchen
Wood Floors
Pantry
Gourmet Kitchen
Basement Information
Full Basement
Finished
Daylight
Utility Information
Sewer: Public
Fuel: Gas
Property Features
Fireplace: Gas
Lot Information
Terraced
Trees
Sloped
Private
Exterior Features
Porch
Deck
Covered Patio
Roof: Composition
School Information
Elementary School: Candy Lane
Middle School: Gardiner
High School: Oregon City
Heating and Cooling
Forced Air
Central Air Conditioning
Garage
Detached
Just Listed! HUD Exclusive – Hillsboro, OR
$199,000
2 Bed / 1 Bath
942 SQFT
Cumulative Days on Market: 1
MLS #: 17432037
Taxes: $1,777
Type: Condo/Townhouse
Year Built: 1980
Style: 1 Story
County: Washington County
Community: Rood Bridge Townhouses
Great one level townhouse located in a beautiful park like setting in Hillsboro. Two bedrooms and one bath this home is almost move in ready and only needs your decorating touches. Detached garage and close to public transportation too. Community amenites include clubhouse and swimming pool. Low HOA dues too!
2927 SE Blue Bird Dr
Hillsboro OR 97123
School Information
Elementary School: Minter Bridge
Middle School: South Meadows
High School: Hillsboro
Subdivision
Rood Bridge Townhouses
Lot Information
Level
Exterior Features
Roof: Composition
Garage
Detached
Utility Information
Sewer: Public
Fuel: Gas
Interior Features
Laundry
Heating and Cooling
Forced Air
Homeowners Association Information
Dues: $150
Just Listed! Classic SE Portland Home
$315,000
2 Bed / 1 Bath
720 SQFT
MLS #: 17617954
Taxes: $1,970
Lot Size: 4,356 SQFT
Type: Single-Family Home
Year Built: 1948
Style: Bungalow
Classic SE Portland home. Fully updated kitchen with granite counters, and bathroom including heated floors. All new insulation, plumbing and electrical. Living room is wired for surround sound, new energy efficient windows throughout the house as well as hardwood floors. This home also has a large attic storage space. 12×16 FT covered back deck with Trex Decking, tool shed with electrical, Aluminium siding, attached 1 car garage.
12542 SE Tibbetts St
Portland OR 97236
Exterior Features
Covered Deck
Yard
Tool Shed
Deck
Roof: Composition
Utility Information
Sewer: Public
Fuel: Electricity
Lot Information
Flag Lot
Garage
Attached
Interior Features
Granite
Wood Floors
Sound System
School Information
Elementary School: Mill Park
Middle School: Ron Russell
High School: David Douglas
Heating and Cooling
Other
Basement Information
Crawlspace
