Archive for the ‘New Construction’ Category

Data Tracking Changes Incoming & Finally Adding Area & Price Tracking

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

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

Friday, 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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High Density Urban Building Practices, Encouraged by Local Governments, Not So Popular

Tuesday, February 25th, 2014

This one was posted up back in January by OregonBusiness.com citing a CFM Strategic Communications survey conducted in Portland back in December that shows Portlander’s aren’t real fond of the local governments push for high density construction (essentially, focusing on condos, townhomes and apartments rather than single family residential homes).

A whopping 46% of respondents, which were the overwhelming majority in this section, felt focusing on condos and apartments instead of single family residences (detached residential homes) was the wrong direction for government with the same percent of respondents not agreeing that these high density projects save local governments money in infrastructure costs.

Hmmm…I’m not a huge fan of high density building either, I mean, if that’s your thing and you enjoy close quarters living, be my guest, it’s just not my cup of tea; but to say it doesn’t save money on infrastructure? Seems to me it would? Would it not?

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New Listings and Pending Sales Down, New Construction Listings Up

Thursday, February 13th, 2014

Looking at today’s numbers from my daily RMLS tracking the total number of residential listings in the Portland market is still holding tight just below 4,200 (4,184 as of today) however new listings coming onto the market is indeed slipping this week with the market dropping from an average of around 80 new listings a day to now more around 70 new listings per day:

 

 

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Follow Up to 10 Step Guide to Buying a Home; Part Two

Wednesday, February 12th, 2014

Part Two:

#6 Get Funding

This one seems a bit out of place to me, seems it should be under #3 Get a Mortgage Pre-Approval. If you choose a home then decide to figure out what type of loan etc, you may find the differences in loan programs you qualify for might eliminate that home from consideration. For instance, just a few short years ago, FHA loans were extremely popular because of the low down payment and low mortgage insurance. Now, with all the recent changes in lending FHA is becoming much less popular because the mortgage insurance is now flipped and is outrageously expensive compared to conventional loans.

So sure, you could do an FHA loan with 3.5% down, but may end up with an additional $200/month; that could easily change things up for you. And if you go the conventional route instead, now on that $350,000 home you need an additional $5,250 down to avoid the high FHA Mortgage Insurance and possibly more in closing costs as well…do you have that? Can you afford the $200/month extra?

When you do step #3 and get approved, you should know what type of loan, down payment, mortgage insurance (often financed in now by the way) etc that you’re going to go with.

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New Construction Sales Trending Higher in Total Sales Volume in Portland Real Estate Market

Wednesday, February 12th, 2014

We’ve been seeing an increase in the percent of new construction sales as they pertain to total closed volume in the Portland market, however this appears to be more of a situation where new construction sales are remaining flat and resale (existing home sales) are declining, as you can see from the charts below:

 

 

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New Listings Slipping Slightly Coming into Mid-February

Monday, February 10th, 2014

Looking at the daily market tracking for the Portland real estate market I’m seeing a bit of a dip in new listings coming onto the market for the past week. Yesterday for example there were 23 and on the 8th just 19 compared to the average of over 70 homes per day being listed; here’s that graph:

 

 

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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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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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Housing starts (new construction) jumped to the fastest rate since July 2008 last month

Wednesday, October 17th, 2012

I’ve done a lot with new construction working with TA Liesy Homes NW over the last few years and was fortunate enough to gain a significant insight into the world of new construction during that time. Through those years TA Liesy Homes NW knew how to maneuver through a troubled housing market and remained one of the top builders in the area as the #3 top builder in the region only being topped by the national builders (quite an achievement for a local only builder) while many other builders were going belly up. It’s one thing to be a top builder in any given region when you have a national presence (DR Horton, Centex, Arbor etc), it’s quite another to be strictly a local builder and get ranked up there with the “big boys” in your region!

With that said, it’s good to see new housing starts accelerating at a phenomenal rate surging 15% in September to achieve the fastest rate of growth seen in over four years. That Bloomberg article lends evidence to why Portland was recently ranked #5 in the nation for new construction job creation.

As I’ve said before, let’s keep it going Portland and keep building and moving forward!

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Portland ranked #5 in the country for gains in construction jobs

Monday, October 15th, 2012

The Portland Business Journal citing numbers from AGC (Associated General Contractors of America) shows that Portland Oregon ranked #5 in the country for gains in construction employment, i.e. we’re building folks, yea!

We’ve added close to 5,000 new construction jobs in the last year (between August 2011 and August 2012) and according to the same PBJ article (citing the Oregon Employement Department) we’ve added 1,000 construction jobs in August alone.

Lets keep it going!

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Home values back to pre-bust levels by 2015?

Saturday, October 13th, 2012

An article from CNN Money yesterday suggests that the current recovery is not only real, but could be developing into a another boom with suggestions that prices could start rising by as much as 5-7.5%/year in the coming years. Additionally the article also mentions forecasts for new home construction to grow by at least 20% a year for each of the next two years.

Here in the Portland real estate market we’re seeing these signs with August being the best month for sales we’ve seen in five years and September being the best September for sales in almost six years as mentioned in previous market action reports (August RMLS Market Action & September RMLS Market Action)

The report they are citing is from Barclays Capital and you can check it out by hitting up the source link here.

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Clackamas County Real Estate: The Light at the End of the Real Estate Tunnel?

Thursday, May 12th, 2011

As reported in the Sandy Post, experts have found several indicators that the real estate market in Clackamas County is on its way to a full recovery. New construction in the area has seen an uptick, and residential building permits pulled in more than $1.9 million for the city of Sandy. Our builder,  Tom Liesy of TA Liesy Homes Northwest is continuing to build homes in Sleepy Hollow, a subdivision in Sandy that has seen a lot of success in recent years.

Most Sandy new construction homes, as with most new construction homes in the Portland area, have been sold prior to construction. While financing is still tough, builders around the metro area are seeing more interest in custom built homes. In most cases, the prices can’t be beat, considering that many new construction homes are coming fully equipped with hardwood floors, granite counter tops, and large square footage.

These days, you can buy a new home for the price of a foreclosed home, without all the hassle. If you’re interested in new construction homes in Sandy, Estacada, Happy Valley, or anywhere in the Portland metro area, contact the McDonald Group realtors today. Who knows? Your dream home could be well within your reach.

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Portland Real Estate Insider: Governors Choose New Columbia River Crossing Design

Monday, April 25th, 2011

The newest bridge planned to span the Columbia River between Portland and Vancouver, Washington will be a “deck truss” bridge – the cheapest and most utilitarian of the proposed bridge designs. Budget concerns were the primary force behind the design choice for the bridge that will replace the I-5 bridge. Governor John Kitzhaber of Oregon and Governor Christine Gregoire of Washington voted to approve the new design, despite opposition from Portland mayor Sam Adams. Construction is set to begin in 2013 and could cost as much as $3 billion.

“Our decision today is a strategic commitment to make transportation investments that reflect the realities of the future, not the past,” Kitzhaber said at the announcement this morning.  “Moving this project to completion in the most cost effective way possible is critical to providing a safer, less congested transportation system.”

The finished bridge will no doubt improve Portland area commutes and accessibility to more great Portland Real Estate. Residents of Vancouver, West Linn, Lake Oswego, Milwaukie, Clackamas, and other Portland area suburbs will greatly benefit from upcoming new construction in Portland-area transportation, so stay tuned to the McDonald Group Realtor blog for more updates! (more…)

Tom Liesy of TA Liesy Homes NW in the NEWS AGAIN! Happy Valley is building new homes!

Sunday, April 24th, 2011

Yep! We’ve been saying it and it’s true! New construction is full force in Happy Valley!  The McDonald Group is proud to be partnered with such an amazing builder and team!  Read the article that came out in the Oregonian Business Section on 4/21/11!  -Kristie McDonald Your new construction Realtor!

Happy Valley Real Estate: Photos from Sunrise Heights Open House with 99.5 The Wolf

Sunday, April 17th, 2011

Today the sun shined over Happy Valley and the entire Portland metro area, and we couldn’t have asked for a more beautiful afternoon to celebrate the grand opening of the Sunrise Heights model home with radio host Savannah Jones from 99.5 The Wolf!. Thank you to all who made it out to see the hard work of the entire team, including our amazing builder TA Liesy Northwest, our lender Beverly Liesy, and everyone at the McDonald Group. We are so proud of these gorgeous custom homes that are changing the way Portland thinks about real estate. The event was a blast, as you can see from these photos – the house looked beautiful, the radio filled the air with great country music, and we were so happy with the turnout. Come down to Happy Valley to check out the new construction that’s been getting so much attention.

Contact the McDonald Group Realtors today to find out more about these one-of-a-kind homes for sale in Happy Valley – we know they’re going to go fast! They already are!

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Happy Valley Real Estate: McDonald Group Realtors Food Drive

Thursday, April 14th, 2011

Join us tomorrow night to donate food for kids in the Portland Metro area who need help meeting their nutritional needs. The Sunrise Heights community, TA Liesy Homes Northwest, and the McDonald Group Realtors will hold a food drive from 5 p.m. to 8 p.m. April 15 at 13064 S.E. Verlie St. in Happy Valley. Suggested donations include granola bars, peanut butter, fruit cups and other non-perishable items that will go to Backpack Buddies, a local program serving more than 800 elementary and pre-school students in the Clackamas School District who need food on the weekends.

The new Sunrise Heights community, unveiling this Friday, Saturday and Sunday, is located in the heart of Happy Valley, one of the fastest growing cities in Oregon located just south of Portland. Home buyers will have over 12 unique floor plans to choose from, with more options coming soon. Sunrise Heights offers a variety of home styles including their new vintage style homes with classic architectural features, inspired by the beautiful vintage homes in the Portland area. There are currently 50 spacious lots to choose from.

The new community is conveniently located near the locally-owned New Seasons supermarket and the gorgeously remodeled Clackamas Town Center mall. Happy Valley is a quickly growing community, with beautiful parks, excellent schools, access to great golfing, and a new library coming this year.

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Happy Valley Real Estate: Sunrise Heights Open House Party This Weekend!

Tuesday, April 12th, 2011

The McDonald Group is proud to show off our newest residential community with an exciting weekend of kick-off events. This Friday, April 15th, the McDonald Group and TA Liesy Homes are hosting an Evening Social from 5 to 8 pm to see the ways the McDonald Group are helping make Happy Valley a thriving community one house at a time. There will be refreshments and appetizers and a chance to learn more about the amazing real estate opportunities in Happy Valley new contruction, especially our newest development, Sunrise Heights. The event will take place at 13064 SE Verle Street in Happy Valley. Just take Interstate 205, head east on Sunnyside, turn north on SE Misty Drive, west on SE Verle Street, and it’s the second lot on the right!

This weekend is also the Grand Opening of our open house! Saturday and Sunday, April 16th and 17th, we’re excited to welcome the community for a celebration of the newest addition to Happy Valley, Sunrise Heights. We will be offering new construction homes featuring classic architectural features, inspired by the beautiful vintage homes in the Portland area. On Sunday, we’ll be joined by radio host Savannah Jones from 99.5 The Wolf between 12pm and 2 pm with great music, prizes, and more. It’s going to be a blast!

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TA Liesy Homes NW Talks about a Building Rebound in Happy Valley- Clackamas Review

Sunday, April 10th, 2011

Tom Liesy of  TA Liesy Homes NW has plenty to say in his recent interview with the Clackamas Review about the new construction housing market.   Tom is seen in the attached picture just out front of our model at Sunrise Heights in Happy Valley. As you will see from the picture Tom has plenty to point out  in our current market, and he isn’t kidding when he says we can’t build them fast enough. I’ve had the pleasure of working with Tom as his Realtor on some  of his bigger projects (such as Sunrise Heights) and the amount of interest we get daily is amazing. We have many people waiting for our grand opening event taking place this weekend, 4/16 & 4/17 where we will be opening the door to one of Tom’s latest home designs, “The Whitman”- a vintage style plan in the heart of Happy Valley! Our prices, product and lots just can’t be beat! -Kristie McD. Your Happy Valley Realtor

Portland Realtor Fun Tips: Claim Your Free Cone at a Portland-area Ben & Jerry’s!

Friday, April 8th, 2011

Don’t miss your chance to welcome summer to the Pacific Northwest with Ben & Jerry’s Free Cone Day on April 12th – noon to 8:00 pm at all participating locations. A percentage of the proceeds of supplemental sales on Free Cone Day in Happy Valley and Portland will be donated to The Backpack Buddy Program, a volunteer-run organization to provide packs of food to children in need on Fridays to take home for the weekend. Many children rely on the school lunch program for most of their food during the week, and need extra help meeting their weekend nutrition requirements. The program aims to help more than 700 children in the North Clackamas area – and you can do your part by eating ice cream… great deal, right?

Ben & Jerry’s has several scoop shops in the Portland Metro area, which will all be offering some pretty great flavors for the first time. Why not try a flavor you’ve never had before, like…

  • Late Night Snack: Inspired by Late Night with Jimmy Fallon – Fair Trade Vanilla Bean Ice Cream with a Salty Caramel Swirl & Fudge Covered Potato Chip Clusters (the fudge uses Fair Trade cocoa, too!)
  • Bonnaroo Buzz: – Light Coffee & Malt ice creams with Whiskey Caramel swirls & English Toffee pieces. This flavor, inspired by the Bonnaroo Music and Arts Festival, is back by popular demand in Scoop Shops and now available in pints.
  • Stephen Colbert’s AmeriCone Dream: Vanilla ice cream with fudge covered waffle cone pieces & a caramel swirl. A long time pint favorite, so popular we made it a scoop shop flavor for the first time this year!
  • Clusterfluff: Peanut Butter Ice Cream with Caramel Cluster Pieces, Peanut Butter & Marshmallow Swirls

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Happy Valley Real Estate: Our Builder, Tom Liesy, Featured in Clackamas Review

Tuesday, April 5th, 2011

It’ll come as no surprise to our friends and clients, but the word is getting out to the rest of the Portland area: Happy Valley real estate is BOOMING. Just today, our fantastic custom home builder Tom Leisy of TA Liesy Homes and our new development in Happy Valley – Sunrise Heights – was featured in the Clackamas Review, the newspaper of the Happy Valley, Damascus, and Estacada area. This isn’t boom construction, this is quality new construction that is building community for the Happy Valley area, and the McDonald Group real estate experts are so happy to be a part of the growth of this awesome area of the Pacific Northwest.

Here are few highlights from the article, which you can read in full 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

Lake Oswego Real Estate: A New Streetcar line from Lake Oswego to Portland?

Wednesday, February 16th, 2011

Lake Oswego is home to thousands of people who commute to Portland every day, and countless more who travel to the big city for dining, shopping, and entertainment. The new Lake Oswego to Portland Transit Project is in the works to find the best way to provide reliable transportation between the two cities while cutting down on traffic during peak hours. The proposed streetcar line would join several existing streetcar and light rail lines in the Portland metro area, which have garnered a lot of attention from national media for their innovative transformation of public space and accessibility in Portland.

The primary route between Portland and Lake Oswego is Highway 43, which is expected to experience and unprecedented amount traffic congestion due to increases in regional population and employment over the next few years. The boom of Lake Oswego real estate has lead to the stunning development of the suburb, yet has created challenges to the regional transportation network. One of the most difficult considerations the cities are facing when considering new construction is the geographical constraints of Lake Oswego’s hilly, naturally wooded landscape.

The Lake Oswego to Portland Transit Project is a joint effort between the cities of Portland and Lake Oswego, Portland Streetcar Inc., the Federal Transit Administration, TriMet and Metro, the regional government. The project committee has proposed a streetcar with park and ride services along the Willamette Shore Line right of way. The project would cost between $379.6 million and $458.3 million, with an annual operating cost of $1.25 million. Potential funding would come for a $227.8 to $275 million FTA New Starts grant, with the rest being paid for by local governments.

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Introducing the New McDonald Group and TA Liesy Home Partnership, Sunrise Heights in Happy Valley

Monday, February 14th, 2011

Get ready for more big news from the McDonald Group Realtors! We’re pleased to announce a new project in the works from the real estate dream team of TA Liesy Homes NW and The McDonald Group Realtors. Fresh off the continuing success of the Cascadia Ridge community in Estacada, the phenomenal Tom Liesy of  TA Liesy Homes Northwest is building gorgeous homes in Sunrise Heights, just minutes from Portland in Happy Valley!

“We’re so excited to work with TA Liesy Homes again, because Tom and his team are a major reason we’ve matched so many happy families with their new homes on Cascadia Ridge“.  Tom is #6 in the Top 50 Builders in the Portland Metro new construction real estate market, with a total sales volume of over $16 million. He knows how to get the job done better than anyone around because he’s had over 20 years of experience in the Oregon market, and what’s more, he’s truly focused on quality, historically-inspired design. Tom and his team are committed to honoring the architectural legacy of the Pacific Northwest, building homes that will become this century’s desirable classics. In addition to winning many design awards over the past few years, TA Liesy Homes has a truly unique view of the building process. Tom and his team want homeowners to be a real part of choosing the final details of their home. Tom’s homes are truly custom. We know that Tom’s expertise in the Oregon design community will help us build another successful community that anyone would be proud to call home.

The new Sunrise Heights community is located in the heart of Happy Valley, one of the fastest growing cities in Oregon located just south of Portland. Home buyers will have over 12 unique floor plans to choose from, with more options in the works. We will also be offering homes featuring classic architectural features, inspired by the beautiful vintage homes in the Portland area. There are 50 spacious lots to choose from, so you’re bound to find the perfect spot for your next home. One of the most stunning features of the Happy Valley area are the natural hills and ridges that look out over the lush, green Oregon landscape, and we’ve made sure that many homes in the Sunrise Heights community will have gorgeous views.

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