Housing Market (Portland, Eugene, Beaverton: for sale, real estate, condo)

[stomper]

How’s the housing market doing in the area code 97236?

I’m planning on selling my house but I don’t want it to sit on the market for a year.
I have a breath taking view of Mt. Hood and I don’t want to take a loss on it.

[Nell Plotts]

Log on to the rmls.com website, enter your zip code and home characteristics for one snapshot. I rather like the John L Scott website where you can draw a line around an area and set criteria (including view) to see graphically where similar homes as yours are for sale, and a what price. None of these tell you how long these homes have been on the market.

The Portland Housing and the Portland Real Estate Outsider blogs take critical looks at the metro RE market, sometimes peeking over to Bend, Eugene and Medford.

Turner Realtors blog is uniquely forthright about pricing.

No one has a crystal ball but the near future doesn't look pretty, we are not all THAT special.

[mdvaden]

We just bought a house on the westside in Beaverton, and have been watching and searching around the Portland area for months.

Seems that the Portland area might feel, or just felt, a slight dip, but it looks like the market for pre-owned homes may end up being almost immune to the aches and pains felt in the rest of the country, or southern Oregon.

Odds are, that homes with something special, like a big lot, many bedrooms, a view, a great location, may be just fine.

Besides, if you list your place for sale, you don't have to lower your price if you don't want to.

If you HAVE to sell, then the question is inconsequential, since the future would be inevitable.

[stomper]

That makes me feel a little better.
May I ask what you paid per square foot?

[John Shaft]

Average market time in PDX is >3 months currently.

SUPPOSEDLY prices in the PDX area are flat or slightly higher. Lots of fuzzy math to accomplish this, though: an Oregonian article that said the median price is $285 also mentioned that last August, it peaked at just over $300. If it USED to be >$300, and now is around $285, there is NOT appreciation going on, no matter how you spin it.

[Nell Plotts]

Here are links to two different analyses: Portland Real Estate Outsider: March RMLS Data and Analysis

Portland Housing Blog: Portland Existing Homes Sales Forecast

I hear that the RMLS made an error when calculating condo sales. When that error is corrected one of these two blogs will revise the charts.