Open House Sat 11/7 & Sun 11/8 12:00-3:00
Author: Tom Kerr
As a lifelong Portland Metro resident with multi-generational roots, I bring a hyper-local perspective and deep neighborhood insight to every transaction. My approach is defined by a concierge-style experience rooted in integrity, honest communication, and tireless advocacy. I prioritize a stress-free process through expert organization and hands-on guidance, ensuring you are never treated like a mere transaction. Whether you are buying or selling, you’ll receive the same dedicated care and strategic expertise I would provide my own family.
Providence Bridge Pedal
August 9th
It’s time to dominate Portland’s bridges (except Jeff): this huge bike race limits auto traffic to let bikers take over the bridges. And it doesn’t matter if you’re a kid, a walker, or want to cycle all 11 bridges: you’ll find a course option.
CLICK HERE for more information.
Summer is a great time to take exterior photos of your home. Gardens are in bloom and everything is more colorful. Snapping multiple pictures throughout the day will give you a variety of lighting options to work with. Upload, edit and save digital copies. Having these pictures on file will come in handy when it’s time to sell your house.
Contact ME for more tips about selling your home!
This Summer is a Seller’s Market
The state of Oregon has continued to show a strong pace of growth throughout the year in jobs, wages, and labor force participation. According to an economic outlook quarterly report produced by Portland State University Center for Real Estate, the Portland Metro area unemployment has continued to decrease over the first quarter with a March rate of 5.2%. Jobs are increasing in by 3.3%, and wages are increasing at nearly 7% per year. These are all positive factors that affect our local housing market.
Foot traffic data measured by SentriLock showed an 8.2% increase from last year indicating a high demand for housing in Portland. Local market data shows little relief for Portland-area home shoppers trying to navigate a crowded market.
Home sales are climbing, but the inventory can’t keep up with the demand. Comparing each year through May, the average sale price rose 4.6% from $327,200 to $342,300, and the median home price sold in the metro area was $313,000, a 7.9% increase from last year. Homes are selling as fast as the signs are going up. This data indicates a strong seller’s market.
Call me TODAY to find out what your home is worth in this market.
The Economy is Improving; Good News for the Housing Market.
June marks the year’s halfway point. It’s a good time to reflect and analyze the latest market data to determine where the market is headed for the remainder of the year.
According to a report released by Fannie Mae early June, the 2015 Housing Marketing has undergone some positive developments since the beginning of the year. Moderate rebound in economic growth has been driven by continued strengthening in employment and household income.
After a slow start, existing-home sales rose 5.1% in the second quarter to an adjusted annual rate of 5.35 million homes. According to the National Association of Realtors, sales have increased year-over-year for eight consecutive months and are 9.2% above a year ago (4.90 million). First-time home-buyers attributed to these numbers as the result of many economic factors including; low mortgage rates, job growth coupled with low unemployment rates, and wage growth.
Average home prices climbed 7.9% over the past 12 months to $228,700, about $1,700 shy of the July 2006 peak. The higher home prices will continue to climb if inventory does not pickup to match demand. Currently, the market has just 5.1 months’ supply of homes, versus an average of six months in a healthy market.
Contact me today for a free market analysis of your home!
After two wonderful years, and starting my real estate career at Real Estate Network Group, I’ve decided to move my business to Inhabit Real Estate in SE Portland.
Besides being closer to home, and located in the hot new Division neighborhood in SE Portland, Inhabit’s vision as a forward-thinking, locally-owned, company aligns with the future I have set for my own real estate business. They provide tools, professional development opportunities, and have a forward-thinking, modern approach to marketing that allows me to focus on on the individual, professional relationships I have with each of my clients.
My new office is located at 3121 SE Division Street, Portland, 97202. It has a chic, urban feel right in the heart of the neighborhood. One of my favorite things about the new office is the all-glass garage door feature that opens to a patio perfect for hosting client appreciation events. Stay tuned! In the meantime, stop by and say hello. Check out my new office.
Image Credit: Safeway Waterfront Blues Festival
The Waterfront Blues Festival starts TODAY! This Portland hallmark event has become a treasured tradition for locals and visitors alike.
More than a quarter century old and going strong, the nation’s second largest celebration of blues, rock ‘n’ roll and soul takes place right here in Portland.
It’s four stages, 100 acts, five cruises, two after-hours parties, dance competitions and July 4th fireworks draws more than 100,000 people, and all proceeds support the Oregon Food Bank. This is the organization’s largest fundraising event.
This year’s lineup is one for the record books! Acts range from the legendary Buddy Guy and Greg Allman, to the 17-year-old YouTube sensation Christone “Kingfish” Ingram, to Big Bad Voodoo Daddy, Galactic with Macy Gray, Dave & Phil Alvin, Charmaine Neville, Allen Toussaint and The Paladins.
For event and ticket info, CLICK HERE
Tom Kerr Homes 