Every month we feature a Portland, Oregon suburb and share our analysis of its real estate market. To learn about the other suburbs we have covered, visit our Portland Suburb Real Estate Market Reports. And for insight on the Portland metro area housing market as a whole, check out current monthly report and our 2024 Portland real estate forecast. This month we turn our attention to the suburb of Wilsonville, located 17 miles south of downtown Portland along the Willamette River. Wilsonville resides mostly within Clackamas County with a northern portion overlapping Washington County. From its ..read more

Portland home buyer traffic is steadily increasing while home inventory has stabilized (yet showing signs of increasing in the near future) and consequently, home prices are climbing higher and setting the market up for an active spring season. Sellers will benefit from increasing buyer competition over the coming months, and home buyers should act fast before prices reach their peak toward the end of the season. Of course, looming in everyone’s mind is the recent NAR settlement, and how that might affect this year’s real estate market. It is important to note that nothing is expected to chan ..read more

In 2023, Portland voters approved two measures that will affect property owners. One that voters chose to renew continues to support education programs and food security for children while also helping foster children and youth to succeed. The second renewed a five-year levy to sustain emergency fire and medical services for Riverdale residents. Home prices remained fairly stable in most parts of the city or experienced a slight decline in 2023. While these measures maintain established tax rates, the fact that home values tend to increase annually means higher costs in 2024 for most propert ..read more

Waking up and strolling over to a bathroom without entering an open hallway or main living area in your home is a big deal. A bathroom directly connected to a bedroom, an en suite, French for following or after, is a desired convenience that causes homes to sell for more, a lot more. Perhaps you’re considering adding a suite to your home to increase home value or you’re contemplating the future resale value of a home you want to buy. Either way, let’s find out exactly how more homes with bathroom suites sell for than those that do not have them. Research Criteria To figure this out I’m lookin ..read more

The National Association of Realtors, NAR, puts out an annual in-depth research report on what actually causes homes to sell across the U.S., down to a percentage point. This annual report also includes information on for sale by owner homes, how many there were in the last year and how they performed versus Realtor listed homes. How Many FSBO Home Sales were there in 2023? 7% of homes sold in 2023 were sold for sale by owner. This is a drop that we predicted would happen in 2022 (see below). 7% is the rate of FSBO home sales in three out of the last four years. How Many FSBO Home Sales were ..read more

Each month we profile the real estate market of one of Portland’s many unique suburbs and share an overview of its current market conditions. Check out our Portland Suburb Real Estate Market Reports to discover the other suburbs we have covered. To learn more about real estate activity throughout the entire Portland metro area, read our 2024 Portland real estate forecast or read our latest monthly report for the Portland real estate metro. This month we’re highlighting the suburb of Oregon City, located 13 miles south of downtown Portland within Clackamas County. Recognized as the first incor ..read more

The number of active home buyers on the market has increased significantly since our last Feb. report, while home inventory has dropped further and prices have begun to rise more steadily. Conditions are right for sellers to benefit from these factors that will likely only improve as we head into Spring, when the Portland housing market reaches its peak for home sellers each year. Interested home buyers should act quickly before the market shifts to fully favor sellers in the coming months (or wait until things start to swing back in their direction (by August or July). In this article we’ll ..read more

According to one survey, 94% of respondents considered owning a home part of the American Dream; however, 51% of people who didn’t already own a home worried that they never would. With a rising cost of housing prices, an increase in federal interest rates, and a lack of housing stock, this fear is somewhat warranted.  While getting a house may be difficult in today’s market, renting is far from your only option in Portland. Here, we discuss the financial impact of renting versus buying going into 2024, especially for the Portland, Oregon, area. We also debate the pros and cons of rentin ..read more

Maps have existed for thousands of years, serving to help people get where they’re going and educating them about geographies and terrains. While we’re long past the practice of plotting maps on clay tablets and parchment, we still rely on them daily. If you’re thinking about moving to Portland, if you’re new to the area, or even if you’re considering moving to a new neighborhood in the city, a variety of good maps can help. Many of Portland’s neighborhoods are self-contained entities full of plentiful resources within walking distance. It’s easy to stick close to home and not get too familia ..read more

Licensed since 2003, with over 2,000 home sales, I write a Portland real estate market forecast annually. To be more specific, I write one in the late summer and then I update it a couple of times in the winter before the next spring selling season rolls around. Most years I am able to predict fairly accurately what is coming in the next year for the Portland real estate market, mainly because I write monthly reports on our market in addition to many other research reports including the best months to sell or to buy a home in our area. Follow the article as we move along to Feb. 2024 (as the ..read more