Archive for the ‘Listings’ Category

February 6th Portland Foreclosures List

Thursday, February 6th, 2014

And here they are:

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

Scott McDonald

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Foreclosure List for February 5th 2014

Wednesday, February 5th, 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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Don’t Be Surprised If Your Realtor Refuses to Show You a Specific Home!

Wednesday, February 5th, 2014

When ever I’m showing property to a new buyer and meeting them for the first time I always try to find similar properties in the area so if the home I’m showing them doesn’t work out for them, I have something else to show them.

Today I was putting together that list of “similar homes” for showings I have this afternoon when I came across a listing specifically stating in the agent only remarks to “enter at your own risk” due to squatters on the premises that have been asked to leave by police, but are apparently still living there.

Not sure I myself would want to enter that home; if the people there are brazen enough to take up residence and refuse to leave who knows what they could/would do to a Realtor with clients in tow trying to see the home?

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Big Day for Portland Foreclosures Yesterday; Err, or Not…The Practice of “Re-listing”

Wednesday, February 5th, 2014

Bank owned (AKA REO’s) had a big day in the Portland real estate market yesterday accounting for 25% of all properties listed with 20 new REO listings (79 total listings including all foreclosures, short sales, new construction and re-sale).

That’s a huge bump up from what has been an average through January (and most months for that matter) of around 5 a day as well as 5% of all new listings on average; here’s the graph:

 

 

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Top 10 Home Seller Mistakes

Monday, February 3rd, 2014

One of the Realtor Community portals, Activerain, recently posted up an article showing the top 10 home seller mistakes and while I would reorder them myself, maybe change a few, overall it’s a pretty good list that any seller thinking of getting their home on the market should check out. You may find it’s advice that your Realtor hasn’t mentioned previously; good time to quiz them!

As for my reordering; here it goes; my order would be:

  1. Picking the wrong agent (I’ll give you the run down on this without trying to sell you, just ask me – what most sellers don’t know).
  2. Over priced home
  3. Poor photos in the RMLS (professional photographers should ALWAYS be used and paid for by your Realtor)
  4. The home is just plain messy – to me this goes under the following one of depersonalize and remove clutter
  5. Depersonalize and remove clutter…I changed the name of this one as de-personalize is the most important part of this
  6. Showing availability; I’d love to figure out a way to put this higher on the list; it’s really important to have the home as available as possible for showings.
  7. Unpleasant or otherwise strong odors in the home; if you’re a master cook that loves Gorgonzola, consider making that meal AFTER the showing.
  8. Sellers playing tour guide; yet another one I’d love to put higher on the list…If you’re the seller and you have a showing; LEAVE THE HOME during (before!) the showing.
  9. Seller unwilling to negotiate with buyers; This does NOT mean give them everything, just keep them in the negotiations!
  10. Seller unwilling to negotiate repairs. Look at the repair addendum as $$$. Take a few low dollar items and say “sure, we’ll do that”…Shows willingness to get the deal done…For larger items, put yourself in the buyers shoes! If the furnace is on it’s last leg but technically still working, consider a buyer credit for half the cost in response.

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Looking for a Pristine Home in Clackamas over 4,000 SQFT? Gimme a Call!

Monday, February 3rd, 2014

Just an FYI for buyers out there, if you’ve been looking for something newer, in great condition, RV parking, 5 bedrooms plus a pool table/theater great room in Clackamas with over 4,000 SQFT of space on 1/4 acre lot (in short supply these days!) I’ve got one you don’t want to miss.

I’m anticipating listing it next week, but don’t wait, if you want to see it now I can get that setup.

Give me a call,

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Widespread Growth Expected for 2014; Some Thoughts on the Current Portland Real Estate Market

Monday, February 3rd, 2014

RealtorMag from Realtor.org (National Association of Realtors) expects to see a good 2014 across the board in the U.S.

In many cities around the country even ones with a 5.2% decrease in economic growth in 2013 (Shreveport LA) are expecting a 1.6% growth rate for 2014. Other areas around the country are in the same situation in terms of their expected growth; that is 1-2% however even that in the market(s) we’ve been seeing recently is a fantastic sign of the current turnaround we’re in.

Here in the Portland market we’ve been not just in recovery, but strong recovery, since early-mid 2012 with multiple offers becoming the norm for a home priced at market value. In recent years I almost never called a listing agent before showing a home to see if there were offers already on the table (didn’t need to, there almost never were); now I’m having to do that with most homes I’m showing and I’m finding around half of them DO have offers on them when I call. In addition when I see a home was just listed a few days ago, that’s become a red flag to call the agent to check on the current offer status.

We’re now in a completely different market and I’ve actually on occasion thought of it as another bubble. Now, don’t let that panic you. In my opinion, we are in a bit of a bubble in the Portland market but it seems to be a buying/activity bubble not a home value bubble (the latter of which would be a problem). Buyers are just ready to go and they are moving, but I’m not seeing that increasing home values outside of any norms (currently around 5% for the entire Portland metro area); they are also ignoring overpriced homes completely but jumping on market priced homes; fast!

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Drones & Real Estate; Yup, It’s On The Way

Friday, January 31st, 2014

For years in real estate, Realtors like myself have used aerial photography via helicopters for marketing some of their listings; soon however we may see a shift to using drones instead. Check it out in this video:

 

Currently I don’t know of anyone using this in the Portland market primarily due to the fact that it’s illegal to do so per the FAA as drones are currently only allowed for hobbyist or emergency services, not commercial or business use.

Companies like Amazon and UPS however are helping to push those regulations with their own desire to use drones in their businesses which could, and likely would, pave the way for drone use in real estate photography.

Thing is, I’m not completely sold on the idea yet only because of the image quality one could get with a drone vs an actual person snapping pics using a good DSLR from a helicopter. But time will tell and as technology improves and advances I’m sure this will come to pass, I’m just not sure I would want to be an early adopter; but from a marketing stand point it would certainly make one stand out (and likely alone) in listing presentations!

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New Home Listings and Pending Sales Down For Portland

Friday, January 31st, 2014

In the last week we’re seeing a decline in new listings and pending sales in the Portland real estate market; both are gradual slips with a difference of only a handful per day, however the average is slipping.

Here’s the current graph for January for new listings:

 

 

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Check Out ALL Portland Oregon Metro and Surrounding Area Foreclosures Every Day!

Wednesday, January 29th, 2014

Just wanted to post up a quick reminder that all of the foreclosures currently listed in the Portland Oregon Metro and Surrounding areas (basically Forest Grove to MT Hood, and Woodburn to The Columbia) are posted up on the main site every day.

When you first go to the page to view those listings you’ll be asked automatically if you’d like to have new listings emailed to you as they hit the market as well.

Handy tool for anyone interested in Foreclosures; here’s the link to that portion of the YourRoadMapToHome.com website:

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Portland Real Estate Market – Numbers Tracking Update

Wednesday, January 29th, 2014

This time of year in the Portland real estate market its typical to see a bit of a slump across the board; when it’s cold and rainy out folks just aren’t into the idea of shopping for a home. Adding to this, sellers know buyers are in short supply as well and even so, the buyers that would come through could have wet/muddy feet walking all over their floors they’re not quite as eager to be on the market during this time; so yes, it’s a bit on the slow side this time of year in most years.

This is exactly what we’re seeing in the daily tracking information for today. The total number of residential listings is flat from yesterday still pushing just barely over the 4,000 homes mark with 4,186 homes currently on the market with new home listings gently sliding off for the month. In the last two days new listing activity has been slightly up for the month, however helping to cause the numbers to slide was this last weekend which like past January weekends produced low new listing numbers.

Closings last week were almost a wash from the previous week running around 40 per day on average; just about exactly where they’ve been all month.

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New home listings increasing in the new year pending sales flat lining and closings dropping

Wednesday, January 16th, 2013

So we’re just two weeks into the new year and we’re seeing some trending happening with the daily tracking of RMLS data that I do and it’s a bit mixed.

First off, inventory is still declining for the most part, down to 4,478 homes currently listed as of today which is well off of the 6,174 homes listed back when I started tracking this information in October which was right around when the decline really started to kick into gear. That’s about a 28% decline in available inventory in just three months time.

This trend however appears to be shifting as new listings after the first of the year have begun to increase from an average of 40 new listings per day through most of December to now peaking just over 60 homes per day listed on average:

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Sellers do not have to sell at list price and in fact, they don’t have to sell at all

Tuesday, January 15th, 2013

In reading through some of my daily articles on real estate I came across a Q&A about a foreclosure where a buyer was countered by the bank well above asking price and was asking if that was legal or not. I’m not going to bother linking to the site here as it was more of a forum then anything else, but it’s a decent topic to cover as I’ve come across this question with buyers/sellers myself a few times.

When a seller lists their home for sale they are in no way actually required to sell the home. Why? Well, it’s the same as anything else you list for sale, you can list / offer something for sale as much as you want, but no one can force you to sell (well, no one except for a court of law or judge). Heck, even on eBay you can refuse to sell once a buyer has won your auction, but you’re likely going to get negative feedback for it; but eBay, nor the buyer, can actually force you to sell the item.

However, in real estate sales if there is a signed contract agreeing to sell to X buyer and X buyer has upheld their end of the contract, refusing to sell at that point could easily land you in court. If however a home is just listed for sale, the seller has zero obligation to accept any offer, even at or over asking price and in fact they can (and sometimes do) counter offers over asking price.

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Foreclosure List for 1/10/2013

Thursday, January 10th, 2013

Here are the new foreclosures listed for sale within the last 24 hours as of today January 10th 2013

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

“Buying a Listing”, what sellers need to know about this practice

Monday, November 12th, 2012

It’s really common for a potential home seller to feel their home is worth more than it really is for a number of reasons:

  • Sentimental value
  • Work/money they have put into the home that the market, frankly, doesn’t care about
  • What they paid for it before the market slid off a cliff
  • Features they feel set it apart that are actually niche features and turn offs to potential buyers (for instance, pools in Portland are not widely considered a bonus, the majority of buyers consider them a problem)
  • Perceived features that are common with competing homes in the area
  • And of course, every seller wants to get as much for their home as possible, often, without regard for the reality of the current market

There are a number of other reasons, but these are the ones I see the most often.

I myself generally will not take an over-priced listing in most circumstances (there are exceptions from time to time) and the reason why is simple. If I list your home for $450,000 when I know it should be listed at $400,000 to get the attention of buyers and generate an offer, what’s going to happen to our relationship over the course of that homes time on the market? It’s going to decline, you, the seller, are going to think I stink as an agent. Eventually you’ll fire me and I’ll certainly never get a referral from you. Where as if I simply decline to take the listing, you (briefly!) wouldn’t exactly be thrilled with me of course and may even respect me for the honesty, but you wouldn’t have built up weeks or months worth of negative feelings towards me which certainly destroys any chance I would have of doing business with you in the future and again, would guarantee I would never receive a referral from you.

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Sellers: Beware of this sales tactic “I’ll sell your home or buy it myself” – Time to say it folks

Monday, November 12th, 2012

I first started hearing this ad from a local Realtor maybe 1-2 years ago (longer?) and I’ve heard it catching on recently with other agents promising the same. Here’s the truth of the matter folks, any Realtor can make this “guarantee” even if that Realtor is dead broke, bankrupt, going through foreclosure themselves and can’t even afford to put gas in their car, let alone finance anything. They can still make that “guarantee” to a seller and here’s why:

That “guarantee” requires the Realtor to agree to the list price of the home; if they don’t agree with the list price the seller wants, they will still list the home but they will not offer that guarantee.

When I started writing this blog entry I began getting into reasons Realtors will take over-priced listings and realized, that’s another subject and so another blog entry which I’ll post next. Sticking with this particular subject, lets say you have a home where the market comparables show it should sell for around $419,000 (which said Realtor may not show you, they may show you comparables that show a lower value…these comparables can be geared to a specific purpose). The Realtor will not agree to provide that guarantee at a list price of $419,000 (and certainly not above), what they will agree to for the guarantee is $399,000…or maybe $419,000 with a pre-agreed upon price reduction schedule down to $399,000 within say 2-6 weeks. This way, they know the home will sell and they will never have to be faced with having to buy the home, not because they are amazing agents, but because they are selling it for less than it’s worth and getting the sellers buy in on this price by offering a “guarantee” that other Realtors do not offer (giving sellers a false impression of competency).

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Lockbox Activity Down Slightly

Wednesday, October 10th, 2012

As Realtors we have many sources of information to understand whats going on in the market aside from what we’re seeing ourselves. Once of these tools is Supra Lockbox activity in the area. These are blue lockboxes you see on homes that are for sale and tracking the activity, that is how often/many times a lockbox (in this case, all of them in the region) are opened is an indicator of market activity…If the number is up, activity, showings, interest from buyers is up, if down, the interest is of course then down.

I’ll be regularly posting this activity from here on out to add to the collection of data tracking points for use for our blog readers home sellers and buyers alike. 

For the week ending 9/30/2012 lockbox activity was down slightly for Oregon and Washington with Washington seeing a small 1.5% drop and Oregon seeing a decline of 2.7%. This percentage is for the most part negligible as this activity in just about any market swings back and forth a few percentage points. So, for the most part, there was a little less activity but nothing suggesting any problems in this recovering house market.

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Today’s Foreclosure List – a New Series

Wednesday, October 10th, 2012

There are a lot of folks regularly watching the market for foreclosure opportunities so in an effort to make that easier I’ll be posting the daily foreclosure list here. This is a complete list that shows all foreclosures listed for sale in the entire Portland area and surrounding areas and cities. The links I will be posting will have a link to the newest listings (listed within the last 24 hours) and a link to all listings currently active on the market.

Of course and as usual, if you’re looking for a Realtor to work with to find foreclosure opportunities please give me a call.

Here’s the list:

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

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Over 55 lots to build on in Happy Valley- Sunrise Heights!

Tuesday, March 8th, 2011

We are so excited to be partnered up with Tom Liesy of TA Liesy Homes NW!  The model should be done the first week of April and the Grand Opening will be amazing!  Please stay tuned!  We expect to make this a Happy Valley community event!  -Kristie McD. / your new home construction Realtor

Google Maps is Stopping their Real Estate Listings, But We’ll Handle Your Search!

Thursday, January 27th, 2011

Google announced this week that they will be ending their real-estate listings service in Google Maps by February 10, 2011. The end of Google Real Estate search capabilities has been tied to an apparent lack of use, as well as the fact that real estate websites have developed superior search tools for localized markets. The search tool embedded into Google Maps was helpful in seeing the overall layout of available homes in an area, but the listings were often out of date and poorly described. Google Maps also mixed rental and sale properties, with some homes listed multiple times, which could be confusing to searchers. Here at the McDonald Group, we know that for most people, working with experienced real estate agents with an intimate knowledge of the area results in more successful home searches. We’ve got excellent real estate search tools, detailed coverage of Portland neighborhoods, and great resources that are specific to the unique Portland area. Best of all, our agents are on call 24/7, so if something catches your eye in your Portland Real Estate search or you have a question a computerized program can’t answer, we’re here for you.

We know that when people are looking to relocate to a new area, it can be hard to know where to start – that’s why specialized local real estate agencies are so valuable. An experienced real estate agent will know what you’re looking for, whether it’s new construction custom homes or historic bungalows in established neighborhoods, and will help you find the part of town that is best for you. It’s hard to know what a neighborhood is like when you’re just looking on a map! Here at the McDonald Group, we’ve got an extensive catalog of information about Portland Neighborhoods and cities throughout the Portland metropolitan area, Portland Foreclosure and Short Sale Information, as well as our Portland Real Estate blog that keeps you connected to developments in Portland activities, transportation, green homes, and more. While the Google Maps Real Estate function could be useful for home buyers and real estate agents alike, the truth of the matter is that experienced real estate agents can do what computer programs can’t. Contact the McDonald Group today to talk to a real person who knows Portland, knows real estate, and knows how to get you into your next home.

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Clackamas Home For Sale: Gorgeous Restored Farmhouse with Acreage and Trees

Monday, January 10th, 2011

If you’re thinking of taking advantage of low home prices and historically low interest rates and finding your perfect Portland home, be sure to check out this amazing updated farmhouse in Clackamas. Located on almost a third of an acre, this 3 bedroom, 2 full bathroom home is filled with original historical details and built-ins, original hardwood floors, and tons of year-round natural light. This move-in ready classic Portland farmhouse was built in 1900, and has been carefully updated into the twenty-first century while maintaining its historic charm.

You’ll feel worlds away in this 1882 square foot homestead. Experience the pleasure of an open gourmet kitchen with new appliances and sparkling tile, and enjoy private dinner parties and barbecues in the large back yard. The entire house has been updated inside and out, including a new 30-year roof, new interior and exterior paint, a new high-efficiency furnace, electrical system, and plumbing, all new bathrooms and flooring, and a perfect white picket fence to complete the dream-home image. The surrounding .31 acres have the potential to become lush gardens, a treasured play area, and amazing entertaining space. With three well-lit bedrooms, the whole family will have a place to relax and enjoy the serenity of this gorgeous updated home in Clackamas County. This peaceful area features a vibrant community organization and hundreds of acres of family- and pet-friendly parks, forests, and trails. For more information about surrounding restaurants, history, and community, check out our Clackamas Neighborhood Guide.

Nestled on a large, private lot with a private driveway in North Clackamas, this two-story farmhouse has both country charm and urban accessibility. You’re sure to fall in love with this large family home and all of its amazing features, from the completely new gourmet kitchen and charming fireplace surrounded by original craftsman built-ins, to the bathroom skylights and huge, grassy yard with mature trees. The house is laid out beautifully, with a large living room, a spacious kitchen with a dining nook and all new appliances, a large, well-lit laundry room, and a charming mudroom/sun-room with plenty of storage and beautiful farmhouse windows. A detached shed serves as a studio, shop, or additional storage, and the basement/cellar provide additional space not included in the square footage of the main house – there’s even a private well for irrigation!

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Portland Real Estate Guide: Portland Ranked in Top Ten Cities for Investment Real Estate

Friday, January 7th, 2011

Portland real estate investmentThe more Portland real estate listings we see here at the McDonald Group, the more we realize this is the perfect time for real estate investment in Portland. Houses that were once out of the price range of most buyers are now incredibly accessible, with record-low interest rates and motivated sellers. A report out today from national commercial real estate firm Grubb & Ellis has ranked Portland in the top 10 cities in the U.S. for investment opportunities over the next five years in the office, retail and industrial real estate markets. We agree, there are tons of opportunities for Portland to grow and grow, in both commercial and residential real estate. It’s exciting to see commercial areas thriving in up-and-coming Portland neighborhoods, and we can certainly see that Portland is also ripe for residential real estate investment.

A buyers market is one in which there are more homes available that there are people ready and willing to purchase them. With so many options to choose from in the Portland Real Estate market, buyers have the opportunity to pick up ridiculous deals on homes for sale in Portland that would otherwise be snapped up for much more. The buyers market means more options, lower prices, and higher competition amongst sellers, which makes homeowners and Portland real estate agents more willing to compromise and negotiate price reductions on all types of homes.

Signs of a buyers market in Portland are everywhere – this is the time to upsize or move into a more desirable area, as there are literally hundreds of gorgeous homes at rock bottom prices, including luxury foreclosures, high-end short-sales, bank-owned homes, and affordable listing prices on homes priced well below their previous market value. A balanced buyer/seller market has around 5 or 6 months of inventory. The Portland Real Estate market is currently just below 11 months. If you’re trying to sell a home in Portland, you’re going to need to price competitively and think about upgrades to make your house more attractive to the increasingly savvy buyers. The average sale price in the Portland Real Estate market is around $297,000 and homes for sale in Portland typically stay on the market for around 121 days. There’s really no good way to tell how long this buyers market will last, so be sure to take advantage of these record low prices, record low interest rates, and the amazing supply of affordable dream homes out there on the Portland Real Estate Market.

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Portland Foreclosures: Oregon Working on Creative Ways to Help Homeowners with Federal Relief Funds

Tuesday, October 5th, 2010

Portland ForeclosuresLast week, Oregon received an additional $82.7 million from the federal TARP fund, adding to the previous allotments of $137.3 million, bringing the state total relief fund for homeowners threatened by foreclosure to around $220 million. The state is working to find the best use of this federal relief money in order to help the over 8,400 homeowners facing pre-foreclosure process. Relief for many homeowners could come as soon as December, though the means of this assistance is still unclear – state officials are working with several models of relief programs designed by Oregon Housing and Community Services.

The state agency created a non-profit organization in order to receive the federal relief funds, the Oregon Homeownership Stabilization Initiative. The nonprofit is necessary because the federal government insists that TARP funds only be released to nonprofits, and the nonprofit formation process took longer than expected – almost four months – but with the effective organization in place, models of relief are being established to bring real relief to Oregon homeowners. Here at the McDonald Group Realtors, we support relief initiatives for at-risk homeowners, and we hope that the process goes smoothly and quickly so we can pair the right home buyers with the right homes instead of scrambling to find a buyer for foreclosures and short-sales. We will get through this tough market, and this federal funding could really make a difference for a lot of Portlanders and Oregonians. It’s not all doom and gloom until then, though. Just this week Kristie McDonald of the McDonald Group realtors said, “We are experiencing an increase in successful short sales overall; I think the banks are starting to figure it out!” We’re closing successful short sales and foreclosures in the Portland real estate market, so even if the state and federal government take a bit more time to come through with TARP funds, we are able to help out home owners in need of a quick sale process.

As for the actual Oregon relief programs, they come in two types, traditional and creative. The more traditional programs include: “loan modification assistance; mortgage payment assistance for unemployed owners of distressed homes; financial assistance to help owners catch up on fees and penalties after a period of unemployment; and transitional assistance to help pay for moving expenses after a short sale or deed in lieu of foreclosure.” The creative program is pretty neat; The nonprofit will purchase homes facing foreclosure at a fair market rate and then refinance them at prices affordable for the original homeowners. Combined the programs aim to assist over 10,000 households. Here’s to getting the foreclosure problem addressed effectively  – as long as there are tons of foreclosures in the Portland real estate market, home values will continue to drop, and we want to get back to a strong market as soon as possible! (more…)

Check out these New Homes for sale in Happy Valley, Oregon … all new construction & custom homes!

Monday, October 4th, 2010

I mentioned new homes for sale in Happy Valley in my previous blog and thought I’d pull a listing report so you can look through all the new construction options in the Happy Valley area.  Most builders have several different plans they can work from, what you need to do first is determine your budget, look at lot options (what area you prefer), walk through a new home the builder has already built so you can sample the quality and finishes and then fine tune the details.  There is some poor construction out there so you want to make sure you are working with a reputable builder.  The builder I work with has lots available to build on in several different neighborhoods, because he builds so many he has fantastic resources at great prices and several plans to work from.  New construction homes are a great way to go! By the way, if you love the Ryan Olsen style homes we can build that too!   -Kristie McD.

McDonald Group Real Estate Trends: It’s Still a Buyer’s Market in Portland

Wednesday, September 15th, 2010

The latest market report for the Portland Real Estate market shows a steady level of continued price reductions on homes for sale around the Portland Metro area. Back in August we talked here on the McDonald Group Real Estate blog about the Portland Business Journal article stating that thirty-two percent of Portland homes for sale in early summer experienced at least one price reduction, ranking  Portland No. 16 on Trulia’s list of price reductions in America’s 50 largest cities. Those numbers are sticking around.

A buyers market is one in which there are more homes available that there are people ready and willing to purchase them. With so many options to choose from in the Portland Real Estate market, buyers have the opportunity to pick up ridiculous deals on homes for sale in Portland that would otherwise be snapped up for much more. The buyers market means more options, lower prices, and higher competition amongst sellers, which makes homeowners and Portland real estate agents more willing to compromise and negotiate price reductions on all types of homes.

Signs of a buyers market in Portland are everywhere – this is the time to upsize or move into a more desirable area, as there are literally hundreds of gorgeous homes at rock bottom prices, including luxury foreclosures, high-end short-sales, bank-owned homes, and affordable listing prices on homes priced well below their previous market value. A balanced buyer/seller market has around 5 or 6 months of inventory. The Portland Real Estate market is currently just below 11 months. If you’re trying to sell a home in Portland, you’re going to need to price competitively and think about upgrades to make your house more attractive to the increasingly savvy buyers. The average sale price in the Portland Real Estate market is around $297,000 and homes for sale in Portland typically stay on the market for around 121 days. There’s really no good way to tell how long this buyers market will last, so be sure to take advantage of these record low prices, record low interest rates, and the amazing supply of affordable dream homes out there on the Portland Real Estate Market.

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