We Specialize In These Portland Area Communities

Vancouver, WA - Wilsonville, OR - West Lynn, OR - Lake Oswego, OR
Tualatin, OR - Tigard, OR - Sherwood, OR - Happy Valley, OR
Oregon City, OR

Have a Question? Ask and I'll Answer It With A Video


Your question has been submitted and will be answered shortly.

Are We Hitting Another Real Estate Bubble?



Buying a home? Click here to perform full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (503) 594-0805 for a FREE home buying or selling consultation

A lot of people have been asking if we are approaching another real estate bubble. In certain areas in Portland and Southwest Washington County, it seems that we are close to or above the bubble in 2006 or 2007.

So, are we in a bubble? My answer is no. Back in 2006 and 2007, 42% of investor purchases were new construction. Right now, less that 2% of investor purchases are new construction. In the previous bubble, investors were buying new construction and banking on appreciation. Today, investors are buying properties that need to be fixed up, so they are building equity instead of banking on appreciation.


Also, about 35% of the market was being purchased by investors in 2006 and 2007. Today, only 11% of the market is comprised of investor purchases.

The next thing I would like to point out is availability of credit. Our government went from one extreme to the other. Before, anyone could get a loan; even people who were deceased were approved for loans. Now, there is a lot more criteria that has to be met. While I'm not 100% sure I like how tough the criteria is, it is definitely keeping people who shouldn't be buying homes from buying them, therefore reducing the risk of default.

In addition, Portland and Southwest Washington is the number one relocation market in the country. Our population growth continues to get better. Why? Liveability. In Money magazine, Portland was listed as the number one business area for telecommuters. If people want to work from home, they move to Oregon.

Even with our growth, we are still the cheapest West Coast city to live in. With liveability, population growth, and affordability, we are not getting close to a bubble. Appreciation will slow down, and I predict we will be back in a normal 3%-4% growth rate for the next four years.

If you have any questions about today's topic, or about real estate in general, please give me a call or send me an email. I'd love to help you!

How Can You Take Advantage of Portland and SW Washington Real Estate?



Buying a home? Click here to perform full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (503) 594-0805 for a FREE home buying or selling consultation

Today I'd like to provide you with a brief real estate market update for the Portland/SW Washington area. People are always asking me about the market, so hopefully this can sum up what's happening.

We're seeing a strong seller's market right now because inventory is extremely low. We only have 1.8 months of inventory right now. This is creating extreme demand and raising sale prices.

With this being said, we're also seeing a lot of appreciation in this market. Oregon and Washington are actually in the top 10 of home value appreciation in the nation. For example, the average sales price in Portland has increased by $15,000 since last year ($327K to $342K).


In southwestern Washington the average sale price increased by $22,000 ($261K to $283K).

Additionally, some of the hottest areas right now are Wilsonville and Fisher's Landing. If you have a home in this area or if you know someone that does, have them contact me if they would like to sell for a nice profit.

As always, please don't hesitate to contact me with any questions you may have about real estate in Portland.

Important News for Buyers and Sellers in Portland and SW Washington



Buying a home? Click here to perform full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (503) 594-0805 for a FREE home buying or selling consultation

The Portland real estate market is moving very quickly, so I'm going to give you a brief market update today to help you make better decisions when you're buying or selling.

In Clark County and in the Portland metro area there is only 2 months of inventory available. This creates problems for buyers because there is a lot of competition around homes, and sellers can reap the benefits.

If you're a seller, you need to comb through those offers and decide which one will benefit you the most because the offer with the highest price is not always the best. Look at the terms, the financing, and the actual company that is financing the loan for the buyer. Make sure to check how quickly the buyer can close as well because time is always important.


As a buyer, you need to make sure the seller knows that you're qualified to purchase the home. You should write a personal letter to the seller that explains why you want the home and how you can afford it. It never hurts to have your lender contact the seller, too. 

Communication is also important whether you're buying or selling. Your agent needs to speak with you and also the other parties that are involved. You need to find out what it takes to get a deal done, because in this market you need as much help as you can get when you're buying a home. 

Thanks for tuning in again, I hope this information will be helpful to you in the future. If you have any questions about these things, don't hesitate to reach out to me.