Posts Tagged ‘for sale’

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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Portland Realtor Guide: NEW Buckman Neighborhood Profile at Your Road Map to Home

Friday, August 20th, 2010

Check out the new neighborhood profile detailing the neighborhood of Buckman in Southeast Portland, filled with quirky culture, classic Old Portland homes, and some of the best dining and shopping in town. The Buckman neighborhood is progressive and proud, and provides easy commuting access downtown via the Burnside, Hawthorne, and Morrison bridges. Buckman includes parts of two of the most popular retail districts in town, Hawthorn and Belmont Streets, complete with vintage stores, great brunch spots, and open parks.  Combining the best of urban accessibility and comfortable, small-neighborhood atmosphere, Buckman is quintessential Portland.

If you’re looking for homes, condos, or other real estate in Buckman or other Portland neighborhoods, check out this information page filled with the best restaurants nearby Buckman, top hikes and green spaces, and neighborhood resources. Relocating to a new area can be hard, but it’s a lot easier when you’ve got the best real estate agents in Portland on your side.

Contact the McDonald Group realtors to find out about homes for sale in Buckman, or Click here for more information!

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Portland Real Estate Trends: Homeowners Slashing Prices

Thursday, August 12th, 2010

In a report published in the Portland Business Journal yesterday, we learned that thirty-two percent of Portland homes for sale, listed since the beginning of this month, experienced at least one price reduction. That ranked Portland No. 16 on the website Trulia’s list of price reductions in America’s 50 largest cities.

The average reduction for Portland homes was 9 percent, just under the national average of a 10 percent reduction on 25 percent of newly listed homes. With historically low interest rates, cutting-edge sustainability renovation rebates and low remodeling costs, and a high supply of beautiful homes for sale with great Walk Scores, this is a perfect time to grab a great deal.

As Scott McDonald of the McDonald Group said back in June, “We all know mortgage rates are low right now, but Freddie Mac really put a light on it by saying they are currently lower than they have been since they began tracking this data in 1971 and MSNBC.com states the last time they were this low was in the 1950′s. Yup, the economy stinks right now, but if you’re in a position that’s somewhat insulated from economic trends and are thinking of buying a home, now really is the time.”

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Hey Short Sale Listing Agents Out There! HELP ME OUT would ya?

Tuesday, November 3rd, 2009

Short SaleI find myself having to call the listing agents of short sales all the time with the same questions, over and over and over. Even the “famous” ones (well they are the worst actually) do little in their listings to help me out (or other real estate agents for that matter). Please short sale listing agents, note answers to the following in the agent remarks of your listings so I don’t have to bug you!!!!! Every short sale is different!

  1. How many lenders are involved? (of course I would prefer to know that Countrywide isn’t one of them)
  2. How many offers do you currently have on the home?
  3. Has the seller already accepted an offer and sent it to the bank? If so will they send additional offers through or will they only allow one through at a time making additional offers backup only?
  4. Has your seller given you permission to disclose what the highest offer is?
  5. What is your rough guess for a bank response time? About 3 months or possibly more than 6?
  6. Has the seller already turned in the hardship package to the bank(s) yet?
  7. Do you think the bank will accept your list price or did you underprice it to generate offers? (okay, I don’t expect you to answer that one)

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Here are the Bank Owned Homes just listed for today 10/18. Forest Heights has one in here! Great one in Tigard too!

Sunday, October 18th, 2009

Wow! You don’t see bank owned homes pop up in Forest Heights too often. Forest Heights is one of my favorite places in all of Portland.  I refer to it as the oasis in the city. The walking trails and variety of new homes is amazing!  Very Stepford Wives like. It’s very close to Portland and seems to attract alot of doctors that work at nearby hospitals.  Also, check out the listing in Tigard in Barrington Heights just off Beef Bend Road….! -Kristie McD.   Everything.Portland. Real Estate.

CLICK HERE for today’s listings of Bank Owned Homes that hit the Portland, Oregon area market today. Remember bank owned does not mean short sale.

Perfect SE Portland Bungalow in Arleta Neighborhood

Tuesday, February 10th, 2009

front-house1Only $249,000!  We recently listed a fabulous completely remodeled 2 (possibly 3) bedroom home in the growing in popularity neighborhood of (more…)

Fantastic Home in SE Portland~

Wednesday, November 5th, 2008

I recently listed a great home at 2100 SE 156th Ave. Square footage is 1590 but the home feels much larger and infact we had to remeasure to be certain it wasn’t more.  There are 5 bedrooms and 3 full baths which makes this home perfect for foster care or a large family!!~ 

COMPLETELY remodeled with an abundance of (more…)