The Portland metropolitan area (on the Oregon side) spans five counties: Multnomah County, Washington County, Columbia County, Yamhill County and Clackamas County (possibly Columbia as well). In this County Spotlight, we head to Clackamas, where forested wilderness meets picturesque suburbia, and rivers nurture outdoor recreation and fantastic farmland. Geography of Clackamas, Oregon Clackamas County is a mostly rural county that begins where Southeast Portland leaves off. Generally speaking, Clackamas encompasses the area east of the I5, with its northern border running in a straight line from Milwaukie to Mt. Hood. Oregon City is the county seat of Clackamas, and its claim to fame is that it was the End of the Oregon Trail and the first incorporated city west of...
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Oregon County Spotlight: Clackamas – Land of Rivers, Mountains, & Trees
August 10, 2020
The Portland metropolitan area (on the Oregon side) spans five counties: Multnomah County, Washington County, Columbia County, Yamhill County and Clackamas County (possibly Columbia as well). In this County Spotlight, we head to Clackamas, where forested wilderness meets picturesque suburbia, and rivers nurture outdoor recreation and fantastic farmland. Geography of Clackamas, Oregon Clackamas County is a mostly rural county that begins where Southeast Portland leaves off. Generally speaking, Clackamas encompasses the area east of the I5, with its northern border running in a straight line from Milwaukie to Mt. Hood. Oregon City is the county seat of Clackamas, and its claim to fame is that it was the End of the Oregon Trail and the first incorporated city west of...
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The National Association of Realtors puts out a Member Profile Report nearly every year that spells out exactly how much real estate agents make, or in this case since they are all members, how much Realtors make. Confused as to the difference? Read our article on Agent vs. Broker vs. Realtor. In 2020 the median gross income of Realtors was $49,700 2012 2013 2014 2015 2016 2017 2018 2019 2020 34900 43500 47700 45800 39200 42500 39800 41800 49700 Realtor Income Hasn’t Changed Much I will tell you exactly why this is the case. It might surprise our readers but real estate commission rates haven’t changed much over the last ten years (see our 2020 national average commission rates report...
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How much do Real Estate Agents Make? 2020 Update
August 7, 2020
The National Association of Realtors puts out a Member Profile Report nearly every year that spells out exactly how much real estate agents make, or in this case since they are all members, how much Realtors make. Confused as to the difference? Read our article on Agent vs. Broker vs. Realtor. In 2020 the median gross income of Realtors was $49,700 2012 2013 2014 2015 2016 2017 2018 2019 2020 34900 43500 47700 45800 39200 42500 39800 41800 49700 Realtor Income Hasn’t Changed Much I will tell you exactly why this is the case. It might surprise our readers but real estate commission rates haven’t changed much over the last ten years (see our 2020 national average commission rates report...
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Good news for Portland home sellers: Your home could go from “listed” to sold in just 42 days this summer — that was the average number of days on market in June 2020. Proactive home sellers can move their home quickly by getting organized, completing as many tasks as possible before the home goes on the market. To help you get there, we’ve compiled our top real estate agent tips for getting your home cleaned up, fixed up and staged to sell. STOP! Before you do anything else: Shop around for a real estate agent. Having agent representation is critical in Portland’s hot real estate market, but you don’t want to work with just anyone. Before you sign the listing...
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Portland Home Sellers’ Checklist 2020 – Get Ready
August 3, 2020
Good news for Portland home sellers: Your home could go from “listed” to sold in just 42 days this summer — that was the average number of days on market in June 2020. Proactive home sellers can move their home quickly by getting organized, completing as many tasks as possible before the home goes on the market. To help you get there, we’ve compiled our top real estate agent tips for getting your home cleaned up, fixed up and staged to sell. STOP! Before you do anything else: Shop around for a real estate agent. Having agent representation is critical in Portland’s hot real estate market, but you don’t want to work with just anyone. Before you sign the listing...
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Okay, I know that is a bold title. But I honestly do believe every real estate agent, or nearly (we can leave out a few bad apples) should join eXp Realty. I’ve been licensed in Oregon since 2003 as a Broker initially and as a Principal Broker today. In the those last 17 or so years I’ve been a part of a (single) handful of Realty companies and have been recruited by most in town at one point or another. Let’s be honest to start, there are plenty of good Realty companies in and around Oregon and southern Washington. I have very particular reasons to share why I’m at eXp Realty and why I believe any other good real estate...
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Every Real Estate Agent should join eXp Realty – 5 Reasons Why
July 31, 2020
Okay, I know that is a bold title. But I honestly do believe every real estate agent, or nearly (we can leave out a few bad apples) should join eXp Realty. I’ve been licensed in Oregon since 2003 as a Broker initially and as a Principal Broker today. In the those last 17 or so years I’ve been a part of a (single) handful of Realty companies and have been recruited by most in town at one point or another. Let’s be honest to start, there are plenty of good Realty companies in and around Oregon and southern Washington. I have very particular reasons to share why I’m at eXp Realty and why I believe any other good real estate...
The post Every Real Estate Agent should join eXp Realty – 5 Reasons Why appeared first on Real Estate Agent PDX.
Despite the pandemic setback to the real estate market this spring, home prices in Portland are as strong as ever, especially at the low-to-mid range of the market. While this is great news for homeowners, those shopping for a home — especially a first home — can feel a bit daunted. Fortunately, the Portland metro area, spanning three Oregon counties, offers plenty of options. And while the definition of “best suburb” can be difficult to pin down, “most affordable” is a little easier. These five Portland suburbs were selected for coming in with the lowest median sale price. But because things are changing so rapidly, we also included the July 2020 median home value for the area, as indexed by...
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Related Stories
2020’s Top 5 Most Affordable Portland Suburbs
July 27, 2020
Despite the pandemic setback to the real estate market this spring, home prices in Portland are as strong as ever, especially at the low-to-mid range of the market. While this is great news for homeowners, those shopping for a home — especially a first home — can feel a bit daunted. Fortunately, the Portland metro area, spanning three Oregon counties, offers plenty of options. And while the definition of “best suburb” can be difficult to pin down, “most affordable” is a little easier. These five Portland suburbs were selected for coming in with the lowest median sale price. But because things are changing so rapidly, we also included the July 2020 median home value for the area, as indexed by...
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When people think of real estate commission, they often think of 6%, 5%, or 4.5% (what we charge as our max. rate). The public is not generally in their mind dividing commission between the sellers agent and buyers agent. But in the vast majority of real estate transactions the commission is split between those two agents, and it is not typically split 50 / 50 like many would assume. No, each area has its own majority commission rate that is offered to the buyer’s agent. All real estate commissions are negotiable, what I’m providing here is research on the local commission rates offered in Portland, Oregon using the data available from RMLS, our local MLS provider where buyers agent commission...
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Average Real Estate Commission, Buyers Agent Rates – 2020 Report
July 24, 2020
When people think of real estate commission, they often think of 6%, 5%, or 4.5% (what we charge as our max. rate). The public is not generally in their mind dividing commission between the sellers agent and buyers agent. But in the vast majority of real estate transactions the commission is split between those two agents, and it is not typically split 50 / 50 like many would assume. No, each area has its own majority commission rate that is offered to the buyer’s agent. All real estate commissions are negotiable, what I’m providing here is research on the local commission rates offered in Portland, Oregon using the data available from RMLS, our local MLS provider where buyers agent commission...
The post Average Real Estate Commission, Buyers Agent Rates – 2020 Report appeared first on Real Estate Agent PDX.
Online Home Value Estimates are Fast and Hassle Free There is no reason not check your home value online on occasion. In most cases the online value will be in the general range of its real estate market value. However, when you’re getting ready to sell, say anytime in the 12 months prior, you should have a professional, a top real estate agent come out and see your home and give a true value. Online estimates, even in 2020, are not at all close to the actual homes value! See our report on Zillow Zestimates in 2020, and how off they are (and how Zillow cheats to make them look better then they are). While there are more sources for...
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Home Value Estimates – Online vs. Realtor
July 20, 2020
Online Home Value Estimates are Fast and Hassle Free There is no reason not check your home value online on occasion. In most cases the online value will be in the general range of its real estate market value. However, when you’re getting ready to sell, say anytime in the 12 months prior, you should have a professional, a top real estate agent come out and see your home and give a true value. Online estimates, even in 2020, are not at all close to the actual homes value! See our report on Zillow Zestimates in 2020, and how off they are (and how Zillow cheats to make them look better then they are). While there are more sources for...
The post Home Value Estimates – Online vs. Realtor appeared first on Real Estate Agent PDX.
Real estate commission data is hard to come by. One of my goals as a real estate agent in Portland is to educate the public and provide transparency within the real estate industry on a number of topics – including commissions. Most of the information you can find online is dated or summary in nature, many without proper references. Realogy Brokerage Group has, “As of December 31, 2019, approximately 710 company owned brokerage offices and approximately 52,200 independent sales agents working with these company owned offices.” They report that their average commission per side was 2.41%, which would equal a 4.82% commission rate for the seller (since the seller typically pays both sides of the commission and the buyer does...
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Real Estate Commission Report – 2020 National Average
July 17, 2020
Real estate commission data is hard to come by. One of my goals as a real estate agent in Portland is to educate the public and provide transparency within the real estate industry on a number of topics – including commissions. Most of the information you can find online is dated or summary in nature, many without proper references. Realogy Brokerage Group has, “As of December 31, 2019, approximately 710 company owned brokerage offices and approximately 52,200 independent sales agents working with these company owned offices.” They report that their average commission per side was 2.41%, which would equal a 4.82% commission rate for the seller (since the seller typically pays both sides of the commission and the buyer does...
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Portland homeowners: Is your home harboring mold? That was a trick question because mold occurs just about everywhere on the planet, including homes in Portland, Oregon. Invisible, or “ambient” mold spores float on the air waiting for an appropriate place to land and form the green, black and blue colonies we’re all familiar with. The real question is, not whether there’s mold in your house, but if you have a mold growth problem. If you do, there’s probably an underlying issue that should be addressed. But what about toxic black mold? Thankfully, this strain of mold is not very common, and is rarely found in Portland homes. According to the CDC, “All molds should be treated the same with respect...
The post How to Test Your Portland Home for Mold: 2020 Update appeared first on Real Estate Agent PDX.
How to Test Your Portland Home for Mold: 2020 Update
July 13, 2020
Portland homeowners: Is your home harboring mold? That was a trick question because mold occurs just about everywhere on the planet, including homes in Portland, Oregon. Invisible, or “ambient” mold spores float on the air waiting for an appropriate place to land and form the green, black and blue colonies we’re all familiar with. The real question is, not whether there’s mold in your house, but if you have a mold growth problem. If you do, there’s probably an underlying issue that should be addressed. But what about toxic black mold? Thankfully, this strain of mold is not very common, and is rarely found in Portland homes. According to the CDC, “All molds should be treated the same with respect...
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Over the past five years, the foreclosure rate in the Portland real estate market has been dropping, from close to 4% of total sales in 2015 to just under 1% this year. Even though the total number of foreclosures in Portland has gone down, we’re not back to zero foreclosures, which was the case prior to 2008. Last year, homebuyers successfully closed on just over 100 foreclosure deals (according to RMLS, our local MLS system) and 47 foreclosures have closed already in 2020. But the COVID-19 pandemic prompted lawmakers this spring to prohibit banks from pursuing new foreclosures until at least October. What will this mean for the Portland real estate foreclosure market? We can take a look back to...
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Portland Real Estate Foreclosure Rate – 2020 Report
July 10, 2020
Over the past five years, the foreclosure rate in the Portland real estate market has been dropping, from close to 4% of total sales in 2015 to just under 1% this year. Even though the total number of foreclosures in Portland has gone down, we’re not back to zero foreclosures, which was the case prior to 2008. Last year, homebuyers successfully closed on just over 100 foreclosure deals (according to RMLS, our local MLS system) and 47 foreclosures have closed already in 2020. But the COVID-19 pandemic prompted lawmakers this spring to prohibit banks from pursuing new foreclosures until at least October. What will this mean for the Portland real estate foreclosure market? We can take a look back to...
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