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Just Listed! Vancouver Tri-Level with Pool
$399,000
3 Bed / 2.1 Bath
2,100 SQFT
Be the hit of the neighborhood in this 3 bedroom, 2 1/2 bathroom house that is a tri-level home that has 2 family rooms, a formal dining area, and a fantastic kitchen. The master suite located n the upper level, has a full bath, 2 large closets, and walk out deck overlooking the inground 18×40 ft pool that has a new pool liner installed this year. The backyard is fully fenced and there is an on roof solar heating system for the pool.
1721 NW 91st Cir
Vancouver WA 98665
MLS #: 17233058
Taxes: $3,488
Lot Size: 10,019 SQFT
Type: Single-Family Home
Year Built: 1983
Style: Tri Level
County: Clark County
Interior Features
3rd Floor
Wood Floors
Laminate Flooring
High Ceilings
Wall to Wall Carpet
Vaulted
Basement Information
Slab
Daylight
Concrete
Lot Information
Level
Cul-De-Sac
School Information
Elementary School: Lakeshore
High School: Columbia River
Property Features
Fireplace: Wood
Exterior Features
Yard
Pool
Patio
Fenced
Roof: Composition
Kitchen
Wood Floors
Freestanding Refrigerator
Built-In Dishwasher
Heating and Cooling
Forced Air
Heat Pump
Utility Information
Sewer: Public
Fuel: Electricity
Garage
Attached
Bradley Mulliner, Licensed Real Estate Broker
Listing Courtesy of: RMLS / Windermere Community Realty / Bradley Mulliner
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 2017 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 9/25/17 04:02. Listing Data Copyright 2017 RMLS. All rights reserved.
Just Listed! University Park Wartime Fixer 97203
University Park Wartime Fixer
$494,000
2 Bed / 2 Bath
1,998 SQFT
Charming wartime fixer in University Park neighborhood. Coved ceilings, hardwood floors on main level. Breakfast nook, fireplace with insert. 1/2 mile from U of P, St Johns and Cathedral Park. Traditional living and dining room, 2 BR upstairs and space to modify basement into 3rd BR w bonus room. Easy access to Hwy 30, NW Germantown Rd, Sauvie Island and I-5. View all photos…
6323 N Oberlin St
Portland OR 97203
Open House
Saturday, Sep 30 1:00 pm – 4:00 pm
Sunday, Oct 1 1:00 pm – 4:00 pm
MLS #: 17152582
Taxes: $2,595
Lot Size: 5,663 SQFT
Type: Single-Family Home
Year Built: 1943
Style: Ranch
County: Multnomah County
Interior Features
Vinyl Floor
Washer/Dryer
Hardwood Floors
Garage Door Opener
Basement Information
Full Basement
Finished
Utility Information
Sewer: Public
Fuel: Gas
Property Features
Fireplace: Fireplace Insert
Heating and Cooling
Forced Air – 90%
Exterior Features
Yard
Storm Door
Roof: Composition
School Information
Elementary School: Astor
Middle School: George
High School: Roosevelt
Kitchen
Eating Area
Lot Information
Level
Garage
Detached
Leah Bush, Licensed Real Estate Broker
Listing Courtesy of: RMLS / Windermere Community Realty / Leah Bush
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 2017 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 9/25/17 04:02. Listing Data Copyright 2017 RMLS. All rights reserved.
Price Reduced! Arbor Lodge/Overlook Townhouse
Portland Area Townhouse
$405,000
2 Bed / 2.1 Bath
1,405 SQFT
Live on the bluff in Arbor Lodge/Overlook on the quiet part of Willamette. Territorial views to the west. Townhouse style condo with living on the main, master suite and 2nd bedroom up. Enjoy the day’s first coffee in the front yard or private deck off the master. Easy access w/gated covered parking just outside back door. Gas cooking, forced air hot water heat registers. Exterior renovations completed, new siding & roof.
3123 N Willamette Blvd 102
Portland OR 97217
MLS #: 17492396
Taxes: $5,080
Type: Townhouse
Year Built: 2001
Style: Townhouse, Contemporary
Views: River
County: Multnomah County
Lot Information
Bluff
Gated
Trees
Level
Utility Information
Sewer: Public
Fuel: Other
Interior Features
High Ceilings
Heating and Cooling
Zonal
Hot Water
Forced Air
School Information
Elementary School: Beach
Middle School: Ockley Green
High School: Jefferson
Homeowners Association Information
Dues: $360
Garage
Carport
Bob Brown, Licensed Broker in Oregon
Listing Courtesy of: RMLS / Windermere Community Realty / Bob Brown
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 2017 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 9/21/17 04:03. Listing Data Copyright 2017 RMLS. All rights reserved.
Just Listed! Vancouver – Desirable Felida Neighborhood
Felida Area Residential
$475,000
4 Bed / 2.1 Bath
2,707 SQFT
Located in desirable Felida. This home lives large with features galore! This 4 BR, 2.5 BTH + bonus room has plenty of room for everyone & everything. Hardwoods on the main, large gourmet kitchen with S/S appliances, formal dining and family room w/fireplace. Separate laundry room and direct access to the HUGE 3 car oversized garage. Newer w/w carpet upstairs in bedroom areas. Nice attached deck and low maintenance yard. View all photo…
12318 NW 21st Ave
Vancouver WA 98685
MLS #: 17175790
Taxes: $4,407
Lot Size: 6,098 SQFT
Type: Single-Family Home
Year Built: 2006
Style: 2 Story
County: Clark County
Community: Felida
Interior Features
Granite
Jetted Tub
Wall to Wall Carpet
Washer/Dryer
Laundry
Hardwood Floors
Garage Door Opener
School Information
Elementary School: Felida
Middle School: Jefferson
High School: Skyview
Heating and Cooling
Forced Air
Central Air Conditioning
Subdivision
Felida
Lot Information
Gentle Sloping
Exterior Features
Yard
Water Feature
Private Road
Fenced
Deck
Roof: Composition
Kitchen
Granite
Hardwood Floors
Built-Ins
Utility Information
Sewer: Public
Fuel: Gas
Garage
Oversized
Attached
Property Features
Fireplace: Gas
Sean Fromme, Licensed Broker in Washington
Gary Haven, Licensed Broker in Washington
Listing Courtesy of: RMLS / Windermere Community Realty / Gary Haven & Sean Fromme
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 2017 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 9/21/17 04:03. Listing Data Copyright 2017 RMLS. All rights reserved.
Just Listed! Meticulously Updated, Capitol Hill SW Portland
Markham Capitol Hill Area Residential
$599,000
4 Bed / 2 Bath
2,030 SQFT
Beautifully restored by a professional designer, this home is loaded with modern features. Stainless steel appliances, quartz counter tops and custom cabinets in the cooks kitchen. Huge wrap around deck. Large daylight basement with family room, laundry room and exterior entrance. New roof, furnace, windows, plumbing, electrical and so much more. Large secluded lot. View all photos…
1508 SW Dolph St
Portland OR 97219
MLS #: 17661949
Taxes: $4,145
Lot Size: 4,792 SQFT
Type: Single-Family Home
Year Built: 1961
Style: Mid-Century Modern, Daylight Ranch
Views: Trees
County: Multnomah County
Community: Markham/ Capitol Hill
Interior Features
Quartz
High Ceilings
Hardwood Floors
Basement Information
Exterior Door
Finished
Daylight
Utility Information
Sewer: Public
Fuel: Gas
Exterior Features
Deck
Roof: Composition
Property Features
Fireplace: Gas
School Information
Elementary School: Capitol Hill
Middle School: Jackson
High School: Wilson
Kitchen
Hardwood Floors
Gas Appliances
Eat Bar
Heating and Cooling
Forced Air – 90%
Air Conditioning Ready
Lot Information
Trees
Private
Subdivision
Markham/ Capitol Hill
Garage
Attached
Jennifer Mabry, Licensed OR Real Estate Broker
Listing Courtesy of: RMLS / Windermere Community Realty / Jennifer Mabry
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 2017 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 9/21/17 04:03. Listing Data Copyright 2017 RMLS. All rights reserved.
Just Listed! Hosford-Abernethy Gem
Portland Area Residential
$899,900
7 Bed / 2 Bath
4,094 SQFT
Hard to find this beautiful and remodeled Hosford-Abernethy district gem with 2 separate living quarters. Use the ADU for extra rental income, AirBnB. The top levels have 5 bedrms and 1 bath, full kitchen, and laundry. Basement has 2 bedrms, 1 bath, 1 extra rm, full kitchen with a separate access on the back. New int. & ext. paint, new landscape. Zone CG. Bike score is 93, Walk score 88.
3312 SE 23rd Ave
Portland OR 97202
MLS #: 17072812
Taxes: $4,671
Lot Size: 4,792 SQFT
Type: Single-Family Home
Year Built: 1923
Style: Craftsman, Bungalow
County: Multnomah County
Interior Features
Quartz
3rd Floor
Granite
Tile Floor
Laundry
Hardwood Floors
School Information
Elementary School: Abernethy
Middle School: Hosford
High School: Cleveland
Heating and Cooling
Forced Air
Air Conditioning Ready
Property Features
Fireplace: Gas
Basement Information
Finished
Exterior Features
Auxiliary Dwelling Unit
Yard
Tool Shed
Porch
Fenced
Roof: Composition
Lot Information
Level
Corner
On Busline
Utility Information
Sewer: Public
Fuel: Gas, Electricity
Garage
Detached
Converted
Liza Fong, Licensed Real Estate Broker
Listing Courtesy of: RMLS / Windermere Community Commercial Realty / Liza Fong
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 2017 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 9/20/17 04:03. Listing Data Copyright 2017 RMLS. All rights reserved.
Just Listed! Clarksschuebel Area Manufactured Home
Clarksschuebel Area Manufactured Home
$329,900
2 Bed / 2 Bath
1,440 SQFT
Secluded and Gated .88 lot, Shop Lovers Dream, HUGE GOREGOUS POLE BUILDING, concrete floors, fully heated, above ground oil tank that heats the shop, dual doors, lots of storage. Septic Tank 2 years old, Beautiful RV parking w/ full hook-ups. Manufactured home has been very well maintained, wheelchair accessible. Seller to do no repairs on Home. All Appliances to stay with home. View all photos…
18286 S Schuebel Ln
Beavercreek OR 97004
Cumulative Days on Market: 5
MLS #: 17205820
Taxes: $344
Type: Mfghome
Year Built: 1982
Style: Manufactured Home
County: Clackamas County
Community: Clarks/Schuebel
Exterior Features
Rv Hookup
Shop
Rv Parking or Rv Park
Porch
Deck
Roof: Composition
Interior Features
Wall to Wall Carpet
Ceiling Fan
Utility Information
Sewer: Septic Tank
Fuel: Electricity
Subdivision
Clarks/schuebel
Heating and Cooling
Heat Pump
Lot Information
Gated
Trees
Secluded
Private
Kitchen
Built-In Oven
Eat Bar
Built-In Dishwasher
School Information
Elementary School: Beavercreek
High School: Oregon City
Garage
Available
Attached
Basement Information
Concrete
Listing Courtesy of: RMLS / Windermere Community Realty / Christina Hanson
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 2017 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 9/20/17 04:03. Listing Data Copyright 2017 RMLS. All rights reserved.
For Sale vs. Sold
Homes for Sale vs. Homes Sold – July 2016-2017
This real estate market graph shows residential detached homes for sale versus homes that have sold in Portland, OR area codes 97212, 97213 and 97232 from July 2016 to July 2017. These area codes cover the Hollywood district and surrounding neighborhoods. In just one year Portland has seen a 40% increase in residential detached homes for resale. Of that 40%, 31.7% sold.
The market had a slight decrease in the winter months but spiked when the weather heated up. In July 2017, Portland saw the highest amount of homes on the market at 147 homes for sale. What is the probability of those 147 homes selling? The summer season is one of the more popular times to sell homes because the weather is nice and it is more enticing to roam around the city.
| Date | 7/16 | 8/16 | 9/16 | 10/16 | 11/16 | 12/16 | 1/17 | 2/17 | 3/17 | 4/17 | 5/17 | 6/17 | 7/17 |
| DOM* | 15 | 16 | 21 | 27 | 21 | 24 | 39 | 40 | 16 | 18 | 16 | 19 | 15 |
*Days on Market
This table shows the number of DOM (Days on Market) for each month of home sales. The highest the DOM, the fewer homes were for sale. For the month of July for both 2016 and 2017 the market saw the fewest DOM of homes for sale. From this trend, we can conclude that the selling rate is not moving from its already fast pace of sales.
Housing Supply is an Issue that Will Not Improve Any Time Soon and Here’s Why
There are two common concerns about the housing market that one hears from both consumers and real estate professionals alike. First, they question whether or not we are on the brink of another housing bubble, and second, they want to know why there aren’t more homes for sale.
I don’t plan on addressing the concern regarding a housing bubble in this article except to say that we are not currently in “bubble” territory, although affordability does concern me immensely. Today I would like to concentrate on the second question about the lack of homes for sale.
According to the National Association of REALTORS®, there were 1.96 million homes for sale in the United States in May 2017. When adjusted for seasonality, this falls to just below 1.9 million which is essentially the same level we saw back in 2000.
Now consider that the country has added over 21 million new households during that same time period, and you can see why this is so troubling. It is worth noting that many of these new households did move into rental properties, but this still leaves the U.S. with a substantial housing shortfall, which explains why demand for homes is so high.
With the shortage of homes for sale, you would normally expect builders to meet this pent-up demand with new construction housing but, unfortunately, this has not been the case. In fact, new single-family housing starts are running at about 800,000 (annualized), and I believe we need starts to come in at over 1 million to satisfy demand – especially as older Millennials start to create households of their own and begin thinking about buying instead of renting.
We therefore have a quandary. Trust in the housing market has clearly returned, but there are not enough homes to meet the demand of buyers, and when a buyer does find a home, they are met with very stiff competition, which is driving prices increasingly higher.
So why are we in this position and how do we get out of it?
In reality, there is no single reason for the situation we are in today. Rather it is a number of factors that, when combined, suggest to me that the market will not return to equilibrium any time soon.
The first reason for the shortfall is purely demographic. As “Boomers” age, they are not following the trends of previous generations. Many are staying in the workforce far longer than their predecessors, and, as they are postponing retirement, they do not feel compelled to downsize. In fact, almost two-thirds of Boomers plan to age in place and not move even after retirement. Without this anticipated supply of homes from downsizing Boomers, there aren’t enough homes for move-up buyers, which in turn limits the supply of homes for first-time buyers.
Secondly, as a nation we just aren’t moving as often as we used to. When I analyze mobility, it is clear that people no longer have to relocate as frequently to find a job that matches their skill set. There has been a tangible drop in geographic specificity of occupations. Where we used to move to find work, this is no longer as prevalent, which means we are moving with less frequency.
Thirdly, as mentioned earlier, builders aren’t building as many homes as they could. This is essentially due to three factors: land supply/regulation, labor, and materials. The costs related to building a home have risen rapidly since the Great Recession, and this is holding many builders back from building to their potential. Furthermore, in order to justify the additional costs, many of the homes that are being built are larger and more expensive, and this is no help for the first-time buyer who simply can’t afford a new construction price tag.
Fourthly, while the general consensus is that home prices have recovered from the major correction that was seen following the recession, this is actually not the case in some markets. In fact, there are 32 U.S. metro areas where home prices are still more than 15 percent below the pre-recession peak. As equity levels remain low, or non-existent, in these markets, many would-be sellers are waiting until they have sufficient equity in their homes before putting them on the market.
And there is still one more issue that is certain to become a major factor over the next few years: interest rates.
Imagine, if you will, the country a few years from now when interest rates have normalized to levels somewhere around 6 percent. Now consider potential home sellers who are happily locked in at a mortgage rate of about 4 percent who are considering their options. Will they sell and lose the historically low rate that they currently have? Remember that for every 1 percent increase in rates, buyers can afford 10 percent less house. If they don’t HAVE to sell, their thoughts may lead to remodeling rather than moving. I think that this is a very reasonable hypothesis which could lead us to see low inventory levels for a lot longer than many think.
With little assistance from the new home market, I believe we will suffer from low inventory levels until well into 2018.
Our best hope for a more balanced market lies with builders, so hopefully they’ll be allowed to do what they do best – build more homes.
Adapted from Windermere Blog
Life Expectancy Around the Home
Do you know the life expectancy of common items found around the home? This is a great visual to give an idea of how long items actually last. Top 10 key parts of the house to point out:
- Wooden Floors: 20-30 years
- Interior Paint: 7-10 years vs. Exterior Paint: 5-7 years
- Showerhead: Lifetime
- Taps (water): 15 years
- Wooden Window: Centuries
- Microwave: 5-10 years
- Dishwasher: 9-16 years
- Washing Machine: 8-16 years
- Air Conditioner: 15-20 years
- Driveway: 20-30 years
A good mix of appliances that you purchase for your house and what comes with your home purchase. Surprisingly, the most stress free items are the showerhead and wooden windows that should last a lifetime, but, change the water taps on your sink at least every 15 years. Appliances to worry about are the microwave, dishwasher, washing machine and, if you live in Portland and your house does not have central air conditioning (very common), the air conditioner. Update the paint at least every 7 years. Lastly, take care of the the places where you step- wooden floors and driveways should be maintained and updated every 20-30 years.
