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Weekly Report

9/24/2020

More time, more attention, best outcome.

Good afternoon neighbor,

How are we doing? I hope you have something fun planned over the weekend! Fall is here and I've been looking out for fun things we can still get and do over the holiday season. It has been slim in general, I’m sure you’ve heard me say, but I’ve found a few things coming up that I’m going to go check out. 
 

1. The Original Sauvies Island Pumpkin Patch is open in the mornings starting at 9am, 7 days a week. I’m not a huge fan of the crowds anyway and it would probably be a good time to avoid them. I'm going to go in the morning and just buy vegetables. A great activity to pair with staying in and cooking healthier over the winter. Something you could do to make up for lost dinner outings… I’ve included a few more fun things below, and I’m going to keep looking. I’ll report back what I find!
 

Have a good rest of your week. LET ME KNOW HOW I CAN HELP! I’m always around.

 

Best, 

P.s. I've behind on mailers. If you received your mailer late or not yet, I apologize! Catching up now. All mailers will be sent out asap. Look out Monday/Tuesday!

Where could the Real Estate Market be going?

The months leading up to the 2016 election, home values rose to the highest Portland had seen in 72 months (as long as you can look back in RMLS history) with a 20.31% increase in October 2016 compared to the previous year.

Despite everything that has happened, could low inventory and interest rates + whatever the effect the election season has on the real estate market create a spike in home values similar to what we saw in the fall of 2016? I wouldn't have thought, but we'll see!
***zoom in to view graphs***
The % section represents the percentage change in median/average home sale values compared to the previous year/month.
In the last few months, the Portland Real Estate market has seen a 3-year inventory low. 
August Residential Highlights
New listings (3,885) increased 3.4% from the 3,757 listed in August 2019, and decreased 8.3% from the 4,236 listed in July 2020.

Pending sales (3,697) increased 26.2% from the 2,929 offers accepted in August 2019, and increased 1.1% from the 3,656 offers accepted in July 2020.

Closed sales (3,149) increased 8.5% from the 2,901 closings in August 2019, and decreased 7.1% from the 3,391 closings in July 2020.

Inventory and Total Market Time
Inventory increased to 1.3 months in August. Total market time decreased to 41 days.

Year-to-Date Summary
Comparing the first eight months of 2020 to the same period in 2019, new listings (27,379) decreased 10.1%, pending sales (22,455) increased 4.0%, and closed sales (19,683) decreased 1.1%.

Average and Median Sale
Prices Comparing 2020 to 2019 through August, the average sale price has increased 4.8% from $458,900 to $481,000. In the same comparison, the median sale price has increased 4.9% from $410,000 to $430,000.
Our physical store is temporarily closed. However, if you have a Movie Madness rental account, you can take part in Movie Madness Express! Our zero-contact rental pickup service is designed to keep our patrons and staff safe, while providing you with access to our collection of over 80,000 titles.
 
The Sauvies Island Pumpkin Patch

The Produce Market

Monday-Thursday 9am-5pm/ Friday-Sunday 9am-6pm.
 

The Maize. 

Monday-Thursday 9am-5pm /Friday-Sunday 9am-6pm.

*Last tickets sold one hour before closing!

PRODUCE and such AVAILABLE DAILY IN THE MARKET

Winter squash
Canning Tomatoes
Supersweet Corn 
New crop Apples and Pears
Beans, Beets, Potatoes, Onions
Indian Corn, Haybales, Cornstalks
Peppers, Cider, Wine
Pumpkins, all sized and colors 
and much more!

View Website

99W Drive-In Movie Theater in Portland
Portland-Metro Market Report #1 Filmed Edition-
***click image to view***
***click image to view***

Portland Property Search

  View by area code

If your area code is not listed below, when directed to Zillow, edit the area code in the search bar to view your desired area. To switch from "sold listing" to "recently listed", edit filter directly to the right of the search bar.

97211, 97212, 97213, 97214, 97215, 97216, 97217, 97218, 97219
Thank you for taking the time to read my report
Hey, thanks for checking out this week's Portland-Metro Market Report. Please let me know if there is anything I can do for you! Fall is almost here.

For more information, you can check out my website at www.strongedgerealty.com or give me a call anytime, lunch is on me!


Evan Zener, Licensed Realtor 
(971)285-0847
Strong|Edge Team with eXp Realty LLC evan@strongedgerealty.com  

 
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