Portland Real Estate News – May ’15

Real estate activity has picked up in Portland, and closing sales led the way. The 2,457 closings in March represented a 32.3% over the 1,857 closings that were posted at the end of Q1, and a 49.1% increase. Comparing the average price of homes in Q1 of this year ($332,000) with the average price of homes sold in Q1 2014 ($322,700) shows an increase of 2.88%. In the same comparison, months of inventory have decreased 38.71% from 3.1 to 1.90.

What does this mean? Low inventory for buyers means NOW is the time to SELL, and all time low interest rates means buyers are buying.  Contact me for for a personal interview and property assessment with no obligation.

Sale Sign

Home Maintenance Tip – May ’15

As April showers give way to May flowers, we celebrate spring and anticipate the arrival of summer. Spring is the perfect time to take care of some routine outdoor home maintenance to get your house prepared to fare the weather elements that spring and summer may bring.

Here’s a handy list of maintenance to-dos to keep your home running smoothly and efficiently through the summer:

  1. Clean all gutters. Poor or improper water drainage can cause an assortment of damage.
  2. Inspect the roof. Your roof is your home’s primary defense against the elements. Look for signs of warping, cracking and loose shingles or tiles, and make necessary repairs as needed.
  3. Check seals around the windows or doors. Winter’s cold weather can cause seals around windows and doors to crack, loosen or harden. Check these areas for damage and make repairs as needed. This will help reduce your summer’s cooling costs and keep water out of your home.

May Flowers

Market Update – May ’15

Just Listed

The spring buying season is off to a good start! According to a report by the National Association of Realtors, existing-home sales were up 9% in March. So it should come as now surprise that home prices are rising.

Last week, the Case-Schiller Home Price Index showed that home prices rose 5% across the country from last quarter 2014 to the end of Q1 2015. Inventory is also increasing, but not as fast as sales, resulting in the limited supply getting even tighter.

If you’re looking to buy or sell your home, contact me. I can help you navigate these rising trends.

 

Treat Mom to Brunch and at Day at the Oregon Garden

Mother’s Day is Sunday, May 10th. To show this special lady in your life how much she means to you, treat her to day of brunch and spectacular floral sightings at the Oregon Garden. This famed garden offers more than 80 acres showcasing the natural wonders of the Pacific Northwest, as well as the Oregon Garden Resort with a full-service restaurant and moonstone spa. Feast on a brunch for only $25 that includes an omelet bar, carving station, bacon, sausage and cheese blitz with berry compotes all while enjoying picturesque views of the gardens and Willamette Valley. Don’t forget, Mother’s Day is considered the busiest restaurant day of the year! So whatever you do, make your reservations early.

Click here for more information.