Data Tracking Changes Incoming & Finally Adding Area & Price Tracking

August 26th, 2014

I’m going to be changing what is tracked from here on out and being that tracking these numbers takes a considerable amount of time, I can’t keep the old numbers going while also doing the new numbers; HOWEVER, I have also implemented area tracking and home price tracking (see the end of this post for tracking information going away, and tracking information being added).

This means, from here on out I’ll be tracking data for the entire Portland Metro and surrounding area markets, as well as each of the 13 RMLS areas that make up this market individually.

Here’s a breakdown of these areas:

  • 141 North Portland
  • 142 Northeast Portland
  • 143 Southeast Portland
  • 144 Gresham, Sandy, Troutdale, Corbett
  • 145 Milwaukie, Gladstone, Happy Valley, Clackamas, Damascus, Estacada
  • 146 Oregon City, Beavercreek, Canby, Molalla, Mulino
  • 147 Lake Oswego, West Linn
  • 148 West Portland, Raleigh Hills
  • 149 NW Washington County, Sauvie Island
  • 150 Beaverton, Aloha
  • 151 Tigard, Tualatin, Sherwood, Wilsonville
  • 152 Hillsboro, Forest Grove
  • 153 Mt Hood, Welches, Rhododendron, Wemme, Zigzag, Brightwood, Government Camp

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Slow week for closings in the Portland real estate market

August 23rd, 2014

This one could just be a matter of other agents; a lof of them this week, not updating RMLS to show their home sales have closed and I won’t know for sure until I back check the numbers to pickup those missing entered sales next week.

However, with that said, we’ve been averaging around 90-100 closings per day for the last few weeks which has been gradually dipping during that time but this last week we’ve hit a new low to under 50 per day on average across the board:

 

 

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Portland Oregon homes for sale inventory increasing in all but two areas

August 23rd, 2014

Checking market conditions today shows a definite trend in inventory climbing ever so slightly across the board in the Portland real estate market with the exception of two areas.

RMLS area 145, also known as Milwaukie, Gladstone, Clackamas & Happy Valley, has actually dipped a bit from 622 homes on the market just a few days ago to 617 currently. Additionally, area RMLS 149, NW Washington County and Sauvie Island, also saw a decrease from 305 homes on the market to 299.

Neither of these are significant by any means, however it could suggest an upcoming trend for these areas so I’ll be keeping an eye on it.

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August 23rd 2014 Foreclosure List for Portland Homes for Sale

August 23rd, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com
Scott McDonald, Your Portland Realtor

Everything. Portland. Real Estate. Blog.

August 21st 2014 Portland Area Foreclosures List

August 21st, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

As usual, if you’d like to see any of these, or any home for that matter (or selling?) and you’re not already working with a Realtor, give me a call!

Scott McDonald, Your Portland Oregon Realtor

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Small batch of new Montage townhomes up for grabs in SW Portland/Tigard

August 21st, 2014

Checking the numbers for my market tracking today I saw a bit of an uptick in new listings for new construction in area 151 (Tigard, Tualatin, Sherwood etc) so I decided to check it out.

Looks like the “Montage” neighborhood town-homes built by AAA Properties Inc put a few more new town-homes on the market today, 4 to be precise. All 1,712 sqft, 3 bedrooms, 3 baths and all but one are priced at $264,900; the “one” is $259,900 (get it while it’s hot?).

These 3 bedroom town-homes that sit just south of Hall blvd and east of Greenburg Rd, feature 9′ ceilings, stainless steel appliances, granite counters and attached garages.

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August 20th 2014 Portland Oregon Foreclosure List

August 20th, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

Remember, If you’re not already working with a Realtor and are looking for foreclosures (or any home for that matter, buying or selling a home); give me a call!

Scott

Portland Oregon residential real estate market inventory remaining steady; for now

August 20th, 2014

Usually this time of year things start to slow up a bit and this August is no different. We’re seeing a dip across the board, however it’s a very light dip thus far.

Here’s the overall closed sales so far:

 

 

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Foreclosure list for Tuesday August 18th 2014

August 19th, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

Remember, If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott AT YourRoadMapToHome DOT com

Scott McDonald

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RMLS Market Action Report for July 2014

August 15th, 2014

It’s that time of the month again; the RMLS Market Action Reports are out for July 2014. I generally focus on the Portland Metro report as that’s the market I operate in, however if you want the report for other areas please feel free to shoot me an email and I’ll get it to you.

For July inventory slipped slightly from 2.8 months of inventory at current buying activity to 2.9 months, just about a negligible change. The average sale price however has increased slightly from $334,800 in June to $344,700 in July; or roughly 2.85%. From the same period in 2013 however it’s jumped 7.9% ($326,500 in July 2013).

We are likely to see the inventory levels rise however as A) It’s normal for this time of year moving forward and B) at 3,954 new listings for July 2014 that’s 2% more than July 2013 which is actually a 3% drop from 4,078 new listings in June of this year. Of course with all of this said we saw an increase in pending sales (accepted offers) in July 2014 compared to July 2013 (2.3% better) but a drop from June 2014 of 5.5%. Last but not least, following suit with the drop/increase trend are closed sales increasing 2.3% from last July and dropping 3.2% from June 2014.

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Today’s Foreclosures; Getting Close to No More Daily’s

July 30th, 2014

Only TWO new ones today…get em while they’re still available! If this declining trend continues (which of course, less foreclosures = GOOD) then any day now we’ll stop seeing new listings every day.

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott AT YourRoadMapToHome DOT com

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Foreclosure List for July 29th 2014

July 29th, 2014

Here’s the foreclosure lists for today. 11 total new ones for today, with 201 total on the market, again declining at a fairly steady rate.

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

As usual, if you’re looking for foreclosure investment homes and are not already working with a Realtor, please give me a call!

Scott

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Home Ownership at 19 Year Low

July 29th, 2014

Despite the strong sales we’re seeing here in the Portland real estate market and higher than average appreciation rates combined with interest rates still at historical lows, we’re still seeing an overall decline in the U.S. for home ownership and part of that is due to the fact that 1 in 3 Americans currently has some sort of debt in collections.

There are additional contributing factors, like recent college grads having high school loan debt, housing prices climbing and tighter restrictions on lending. I suspect however there is also some growing concern among potential home buyers about the U.S. economy in general causing them to hold off on owning a home.

It really is a shame to see this as owning a home is by far a more financially stable position to be in, the majority of the time, than renting. With renting, you’re just throwing your money away every month adding to someone else’s investment portfolio rather than your own.

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Portland Oregon Area Foreclosures for July 28th 2014

July 28th, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

I should also mention, this list is getting VERY short these days with only 11 new ones today.

Remember, if you want to get this list in your email every day, click here and you’ll be prompted to add your email to the list, or just shoot me an email at Scott AT YourRoadMapToHome DOT com

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RMLS June 2014 Market Action Report

July 28th, 2014

For the 3rd straight month in a row inventory in the Portland real estate market has been at 2.8 months, the lowest in 2014 (well, along with April & May of course) and the lowest since May 2013 which hit 2.5 months.

This is the June 2014 RMLS Portland Metro Area Market Action Report.

Other highlights from this report include a 4.2% increase in sales from the same month last year and the average sale price increasing a whopping 8.7% also from the same month last year; that’s huge!

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Zillow to Acquire Trulia for $3.5 Billion in Stock

July 28th, 2014

A few days ago I heard a real estate news blip about Zillow potentially acquiring Trulia, today I received confirmation of it straight from the horses mouth:

Zillow, Inc. (NASDAQ: Z) today announced that it has entered into a definitive agreement to acquire Trulia, Inc. (NYSE: TRLA) for $3.5 billion in a stock-for-stock transaction. The Boards of Directors of both companies have approved the transaction, which is expected to close in 2015.

You can find the full press release here

Per the press release it seems that after the transaction completes in 2015, the two entities will remain separate for the foreseeable future. So although fun to say, Zillowia.com will not be part of your future home searches anytime soon.

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Foreclosure List for July 24th 2014

July 24th, 2014

Here is the foreclosure list for today, July 24th 2014.:

To see the newest matches from RMLSweb click here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Realtor, Scott McDonald

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Portland Oregon Foreclosure List for March 12th 2014

March 12th, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Realtor, Scott McDonald

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Gresham, Troutdale, Fairview & Wood Village; You’re up to Bat!

March 11th, 2014

Just finished the real estate market tracking report for Gresham, Fairview, Troutdale and Wood Village…This is again, only 10 days worth of data so not super reliable yet (give it a few weeks; trends and real usable data will show itself); with that said Gresham seems to be where only those looking for deals are buying as the average sale price in Gresham (and the mentioned towns in the Gresham area) are below the $200,000 mark:

 

 

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East & South Side Rural Real Estate Market Report

March 11th, 2014

I had a bit of difficulty with this one as it began it’s thus far short life as an east side only rural report (sorry west side rural folks, I won’t be doing a report for you) but there just wasn’t enough data, so I changed it up to include all east side AND south side rural. The towns included in this report are:

  • Aurora
  • Beavercreek
  • Boring
  • Canby
  • Colton
  • Damascus
  • Eagle Creek
  • Estacada
  • Hubbard
  • Molalla
  • Mt Angel
  • Mullino
  • Sandy
  • Scott’s Mills
  • Woodburn

Even with all of those towns, we’re still talking a few listings/solds etc per day at best…Of course were still coming out of the slow season, so come spring/summer the numbers here will pick up a bit, but there are enough now for trackable data.

Here’s a snippet of the report (not bad average sale prices for rural areas):

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Clackamas, Milwaukie, Oak Grove & Gladstone Real Estate Market Tracking Data Ready

March 11th, 2014

Here’s the report for the Clackamas, Milwaukie, Oak Grove & Gladstone area. Even though Happy Valley and portions of SE Portland are technically the same RMLS “areas” I am doing seperate reports for those, hence they are not included in this report; just FYI.

Here’s the Clackamas, Milwaukie, Oak Grove & Gladstone Market Report.

Your Realtor, Scott McDonald

Everything. Portland. Real Estate. Blog.

First New Real Estate Data Tracking Report is LIVE! Beaverton Market

March 11th, 2014

I’m going through these new tracking reports in alphabetical order, so the “Aloha, Beaverton & Hillsboro” one was the first completed.

I did attempt to go back to January 1 of this year, however, it would have taken me WEEKS, if not MONTHS to get all the reports updated, so I opted to start March 1 2014 with the reports so there is data in them now, just not a lot.

I’ll be posting each areas report as I complete them, so stay tuned for your areas report; for now, here’s some screen shots of the new Beaverton area one (and it’s also attached below, with some more information on these reports):

 

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Portland Foreclosure List for March 7th 2014

March 7th, 2014

Here are the new foreclosures listed for sale within the last 24 hours:

To see the newest matches from RMLSweb click here and here. For a complete list of available matches click here.

If you are not already working with a Realtor and would like to see any of these homes please feel free to contact me anytime at 503-706-5563 (cell or text) or Scott@YourRoadMapToHome.com

Your Portland Foreclosure Specialist Realtor, Scott McDonald

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Real Estate Tracking Data & Reports: BIG Changes Coming; Area Reports, Pricing & Days on Market in Tow

March 7th, 2014

I just wanted to get an FYI out to everyone that I am currently working on revamping the tracking report as I get a lot of requests for area specific reports (people asking for my tracking reports for Happy Valley, or Lake Oswego real estate reports etc).

Additionally short sales and foreclosures have been edging ever closer to market pricing these days, often no longer the “steal of a deal” they once were and there are a lot less of them now. So, with that said, I am *considering* ditching that portion of the tracking data in favor of adding new data points like:

  • Median Sale Price Tracking
  • Average Sale Price Tracking
  • Days on Market for Pending Sales
  • Average Price Per Square Foot Tracking
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Big Week for New Listings & Pending Sales in Portland Real Estate Market

March 7th, 2014

This week, not officially the first of spring, albeit we’ve had some spring like weather, has been a jumping week for the Portland real estate market.

Total number of homes continues to hover under 4,300 in total, however new listings are seeing a significant jump in the last week, continuing the previous weeks trend:

 

 

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