Important News for Buyers and Sellers in Portland and SW Washington

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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.

What Makes Portland Better Than Other Big West Coast Cities?

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Selling a home? Click here for a FREE Home Price Evaluation 
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Portland real estate conditions are rather strange right now. Despite the fact that the market is on fire, there are still a lot of bargains to be found. Today, we address why this might be.

In Los Angeles, the average home sale price is $534,600; in San Diego, the average home sale price is $500,000; in San Francisco, the average price is $1 million; and in Seattle, the average is right around $478,000. In Portland, prices are much more affordable: the average home sale price is just below $300,000! If you're looking to live in a big city on the West Coast, Portland is still a bargain! 

As you probably know, we were ranked the third weirdest city in America, behind Austin and New Orleans, and we're proud of it! We're also the #1 relocation and pedestrian-friendly market in the country! What we have here is pretty rare: a vibrant and desirable environment where it's relatively inexpensive to live! 

If you plan on moving to the Portland area, however, there are some things you need to be aware of. For one, we only have 1.9 months of inventory; closer to the city center, we have only 1 month of inventory. In other words, we have an incredibly competitive market. 

If you're looking to sell, now would be a great time to get top dollar for your home, as we have a ton of demand and almost no available homes! If you are a buyer, you need to get creative: you or your agent should be knocking on doors! There are so few sellers out there you really have to hit the streets to find a desirable place to live! 

If you have any questions about our market, or if you need real estate assistance of any kind, don't hesitate to give us a call or shoot us an email. We would love to hear from you! 

What a Hot Portland Market Means for You

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 hot spring market is just around the corner, so there's no better time to talk about the inventory of available homes!

In Clark County there are 3.4 months of inventory, which is 2 months fewer than this time last year! This means we have more buyers than we do sellers, and the market is favorable for homeowners looking to get top dollar for their homes! 

April, May, and June are the absolute best times to list, so if you plan on selling in the near future, you need to start doing everything you can to get your home ready for the market! 

In the Portland Metro area, we are under 3 months of inventory! Some areas are as low as 1.2 months of inventory, which is about as low as it gets. With interest rates as low as they are, we're not expecting demand to diminish any time soon. That's why now is the IDEAL time to list your home!

Make sure your landscaping looks good, declutter the house, and fix all major issues if you want to get the best possible price for your home. Since you have no competition, if your home is in great condition, you can basically set your price!

If you're looking to buy, you must have your financing ready, make sure your offers are clean and tight, and ensure the home inspection period is short and sweet. Working with someone like myself who has a wealth of expertise will go a long way toward making the best of what the current market has to offer. 

If you have any questions, or would like real estate assistance of any kind, please give me a call or shoot me a quick email. I would love to help you in any way I can!