“What’s the zip?” Zip codes are so much a part of everyday life that we hardly even notice them. Whether shopping for real estate, verifying a credit card or sending a piece of mail, Portland zip codes are a convenient shorthand for location. Also, if you’re new to a city and don’t yet know the zip codes, they can be frustrating! Enter the Portland Zip Code Map. Metro, the regional governing body for Portland and surrounding areas, has the definitive zip code map, available in full-size pdf for handy saving and printing by clicking the thumbnail below. It covers Portland, west to Forest Grove, north into the state of Washington, east to Troutdale and Estacada, and south as far as...
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Portland Zip Code Map 2020 Update
April 6, 2020
“What’s the zip?” Zip codes are so much a part of everyday life that we hardly even notice them. Whether shopping for real estate, verifying a credit card or sending a piece of mail, Portland zip codes are a convenient shorthand for location. Also, if you’re new to a city and don’t yet know the zip codes, they can be frustrating! Enter the Portland Zip Code Map. Metro, the regional governing body for Portland and surrounding areas, has the definitive zip code map, available in full-size pdf for handy saving and printing by clicking the thumbnail below. It covers Portland, west to Forest Grove, north into the state of Washington, east to Troutdale and Estacada, and south as far as...
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What’s the difference between the home inspection and the appraisal? Home inspections and appraisals have a lot in common. Both are key to the home sale transaction. Both involve a third party coming into the home to form an assessment. And both can be stressful for home buyers and sellers! That’s about where the similarities end. A home inspection differs from an appraisal in that the inspection is performed on the buyer’s behalf, and the results will help shape the sales contract. A home appraisal is performed for the sake of the mortgage lender, and the result will only affect how much money the lender is willing to pay for the home. While a home inspector looks at the “guts”...
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Portland Home Appraisals – 2020 FAQ
April 3, 2020
What’s the difference between the home inspection and the appraisal? Home inspections and appraisals have a lot in common. Both are key to the home sale transaction. Both involve a third party coming into the home to form an assessment. And both can be stressful for home buyers and sellers! That’s about where the similarities end. A home inspection differs from an appraisal in that the inspection is performed on the buyer’s behalf, and the results will help shape the sales contract. A home appraisal is performed for the sake of the mortgage lender, and the result will only affect how much money the lender is willing to pay for the home. While a home inspector looks at the “guts”...
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Okay I know this should come as no surprise, but a lot of home buyers are staying home. This means a number of things and one thing it doesn’t necessarily mean is a Portland Real Estate Market Crash. First, and most importantly, we also need to know how many fewer homes have hit the market. Boots on the ground, it feels like 20% less homes to 40%. Less homes are going live on the real estate market in Portland, but I won’t have the full data for about 2 more weeks when the RMLS puts out their monthly market report (sign up at the link). If there are 60% less homes for sale (it could be that drastic) and 60%...
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Home Showings Down 60% in March, 2020: Portland Real Estate Market
March 30, 2020
Okay I know this should come as no surprise, but a lot of home buyers are staying home. This means a number of things and one thing it doesn’t necessarily mean is a Portland Real Estate Market Crash. First, and most importantly, we also need to know how many fewer homes have hit the market. Boots on the ground, it feels like 20% less homes to 40%. Less homes are going live on the real estate market in Portland, but I won’t have the full data for about 2 more weeks when the RMLS puts out their monthly market report (sign up at the link). If there are 60% less homes for sale (it could be that drastic) and 60%...
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Are you looking for a Portland home on a budget? Maybe it’s time to give condos a second look. Consider the following: Condo buyers have more options. As of March 2020, there were 470 homes listed on the Portland real estate market for under 400K. In the same price range, there were 570 condos available. Visit Portlandhomesforsale.com for all condos and townhomes currently for sale in the Portland metro area. At the low end of Portland real estate values, condos rule. The top 38 cheapest homes currently listed for sale in Portland (not including manufactured or mobile homes) are condos. Currently the median list price for a Portland condo, according to Fidelity National Title, is just over $430,000. That’s usually...
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Portland Condo Market: Affordable Choice for 2020 Home Buyers
March 27, 2020
Are you looking for a Portland home on a budget? Maybe it’s time to give condos a second look. Consider the following: Condo buyers have more options. As of March 2020, there were 470 homes listed on the Portland real estate market for under 400K. In the same price range, there were 570 condos available. Visit Portlandhomesforsale.com for all condos and townhomes currently for sale in the Portland metro area. At the low end of Portland real estate values, condos rule. The top 38 cheapest homes currently listed for sale in Portland (not including manufactured or mobile homes) are condos. Currently the median list price for a Portland condo, according to Fidelity National Title, is just over $430,000. That’s usually...
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In spring of 2020, the City of Portland is rolling out a new official address area: South Portland. Although it’s a small area, it contains important centers for jobs and healthcare, as well as a wide range of housing. In this blog post, we’ll take a look at how South Portland came to be, what defines it, and what the future is for real estate. Why a new South Portland address area? In addition to Southeast, Southwest, North, Northeast and Northwest, there is now a South Portland as an official address area of the city, just south of downtown on the Willamette River. (For real estate and other purposes, we also usually refer to everything east of 82nd Ave as...
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South Portland = New Official Oregon Address
March 23, 2020
In spring of 2020, the City of Portland is rolling out a new official address area: South Portland. Although it’s a small area, it contains important centers for jobs and healthcare, as well as a wide range of housing. In this blog post, we’ll take a look at how South Portland came to be, what defines it, and what the future is for real estate. Why a new South Portland address area? In addition to Southeast, Southwest, North, Northeast and Northwest, there is now a South Portland as an official address area of the city, just south of downtown on the Willamette River. (For real estate and other purposes, we also usually refer to everything east of 82nd Ave as...
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The modern real estate industry has access to all the online, video, and 3D virtual tools needed to make sure every home buyer and seller can maintain complete social distancing when buying or selling a home. My top 1% real estate team in Oregon and Washington is fully equipped and ready to go! We can provide our clients with total social distancing during their home purchase or home sale from start to finish. Steps to Selling or Buying with 100% Social Distancing Scroll down to schedule an appointment with our top 1% real estate agent team, or call us today at 503-714-1111 for our 100% social distancing real estate services. Click to schedule a video appointment with us! Or call...
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Keep 100% Social Distancing & Buy or Sell a Home Today
March 19, 2020
The modern real estate industry has access to all the online, video, and 3D virtual tools needed to make sure every home buyer and seller can maintain complete social distancing when buying or selling a home. My top 1% real estate team in Oregon and Washington is fully equipped and ready to go! We can provide our clients with total social distancing during their home purchase or home sale from start to finish. Steps to Selling or Buying with 100% Social Distancing Scroll down to schedule an appointment with our top 1% real estate agent team, or call us today at 503-714-1111 for our 100% social distancing real estate services. Click to schedule a video appointment with us! Or call...
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First, as a Portland local, I wish to express my deepest sympathies for everyone hurt by the virus, whether it be physically, financially, or mentally. Second for your safety and others, please follow the guidelines as outlined by the CDC and encourage everyone you know to do so. The market is changing weekly right now. See our most up-to-date Portland real estate market information here. Portland Real Estate Market Forces vs. COVID-19 1. The Great Real Estate Balance vs. Coronavirus Local real estate markets are most fundamentally determined by a VERY simple formula: How many able and willing buyers are there vs. how many homes are for sale? This is and will always be the fundamental question. The Coronavirus in...
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Coronavirus vs. Portland Real Estate Market
March 16, 2020
First, as a Portland local, I wish to express my deepest sympathies for everyone hurt by the virus, whether it be physically, financially, or mentally. Second for your safety and others, please follow the guidelines as outlined by the CDC and encourage everyone you know to do so. The market is changing weekly right now. See our most up-to-date Portland real estate market information here. Portland Real Estate Market Forces vs. COVID-19 1. The Great Real Estate Balance vs. Coronavirus Local real estate markets are most fundamentally determined by a VERY simple formula: How many able and willing buyers are there vs. how many homes are for sale? This is and will always be the fundamental question. The Coronavirus in...
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Buying a home is a goal that’s easy to put off until “next year”. Here are ten reasons why this year, 2020, is the year to become a homeowner in Portland! Real estate values have cooled, but not for long. Five years ago, we were seeing rapid, 7-8% annual gains in Portland home values as the market rebounded after the Great Recession. More recently, 2017-19 saw a period of limited growth, and some home values even dropped a bit in the midrange of the market. In these first couple months of 2020, we’re seeing a strong real estate market with good indicators of growth: a strong Portland economy, low unemployment, and high demand for homes. We predict the Portland real...
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10 Reasons to Buy a Home in Portland in 2020
March 13, 2020
Buying a home is a goal that’s easy to put off until “next year”. Here are ten reasons why this year, 2020, is the year to become a homeowner in Portland! Real estate values have cooled, but not for long. Five years ago, we were seeing rapid, 7-8% annual gains in Portland home values as the market rebounded after the Great Recession. More recently, 2017-19 saw a period of limited growth, and some home values even dropped a bit in the midrange of the market. In these first couple months of 2020, we’re seeing a strong real estate market with good indicators of growth: a strong Portland economy, low unemployment, and high demand for homes. We predict the Portland real...
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In warmer parts of the country, a pool is often a feature that buyers are willing to pay more for. Here in the Portland real estate market an outdoor pool will typically decrease your value or at best leave it the same (not increase it). Before installing an outdoor in-ground swimming pool, keep in mind that it’s going to make it a little more difficult to sell your home when the time comes, depending on the current real estate market conditions as well as the condition of the outdoor pool. Here are some of the reasons that Portland home buyers – not all, but definitely most – dislike swimming pools: They’re a liability. According to the U.S. Consumer Product Safety...
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Swimming Pools: A Portland Liability in 2020
March 9, 2020
In warmer parts of the country, a pool is often a feature that buyers are willing to pay more for. Here in the Portland real estate market an outdoor pool will typically decrease your value or at best leave it the same (not increase it). Before installing an outdoor in-ground swimming pool, keep in mind that it’s going to make it a little more difficult to sell your home when the time comes, depending on the current real estate market conditions as well as the condition of the outdoor pool. Here are some of the reasons that Portland home buyers – not all, but definitely most – dislike swimming pools: They’re a liability. According to the U.S. Consumer Product Safety...
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Anyone who spends much time talking to newcomers in Portland (and as real estate agents, we do a lot of that), will notice one thing over and over: There are a lot of Californians coming here! Note the following recent trends: Nearly 40,000 Californians move to Oregon every year (source: Oregon Employment Department) Every year, 20,000 Oregonians also move to California (Oregon Employment Department) 30-40% of Oregon’s incoming population over the past few years has been made up of Californians (Oregon Office of Economic Analysis) Should we pay attention to this? Yes, real estate market trends and population dynamics are closely linked. But the story is more complicated than how many Californians are coming here. In other words, Portland’s population...
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Is California Taking Over Portland? 2020 Update
March 6, 2020
Anyone who spends much time talking to newcomers in Portland (and as real estate agents, we do a lot of that), will notice one thing over and over: There are a lot of Californians coming here! Note the following recent trends: Nearly 40,000 Californians move to Oregon every year (source: Oregon Employment Department) Every year, 20,000 Oregonians also move to California (Oregon Employment Department) 30-40% of Oregon’s incoming population over the past few years has been made up of Californians (Oregon Office of Economic Analysis) Should we pay attention to this? Yes, real estate market trends and population dynamics are closely linked. But the story is more complicated than how many Californians are coming here. In other words, Portland’s population...
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