I recently read an article on Inman News about iBuyers like Opendoor that are somehow hiding their reviews on Yelp and potentially other sites. Read the Inman Article Here I didn’t believe it but when I went online I couldn’t find reviews! If you’re considering selling directly to anyone without a Realtor chances are you are leaving money on the table and it might not be faster or easier either. Most iBuyers will still do inspections and likely ask for repairs or price reductions before closing. The direct buyer model has been around forever (Think signs nailed to telephone pole ..read more

After years of legal wrangling between the City of Portland and Airbnb a settlement has been reached. Starting in December Airbnb will turn over info on all their Portland listings, which some estimate are 80% unpermitted, to the City. I expect that pricing will jump as many of the listings are removed in January 2020 in Portland. Home Away will not be sharing user data but instead has agreed to remove users without proper permits and business licenses. All other platforms have been informed to remove un-permitted listings by the end of September 2019. Click here for information ..read more

Prices dropped close to 10% from June 2018 to January 2019Buyers have more time to look at properties when they take longer to sellThere is almost half the competition from other buyers in the winterThe post 3 Reasons Portland Real Estate Investors Love Winter appeared first on SellPDX ..read more

18 years of Portland, Oregon home price data in one chartAs prices hit new highs again this summer of 2019 I merged the current price chart with the previous version and re-scaled them to fit together. Amazing that in 18 years the average price for a home in Portland Oregon has gone from under $200,000 to $475,000! If you want to know what your home is worth give us a call or click here The post 18 Years of Portland Real Estate Prices in One Chart appeared first on SellPDX ..read more

The Case-Shiller index brought mostly good news from its May report this morning with one surprise. Seattle which shot up 13% from 2017-2018 has flattened out and seen a rare spring/summer drop of 1.2% from this May to last May 2018. So, is Portland next? Portland is up 2.4% over the last 12 months. The short answer is that I expect to see appreciation flatten out in the July report, based on current RMLS data. Case-Shiller won’t report on this until the end of September due to the lag time in their reporting. It’s still too early to call the top of the market with activity in Portland ..read more

House Bill 2001 has passed the state House and Senate and awaits signature from the Governor Kate Brown. The new law will require all cities in Oregon over 10,000 people to allow multifamily buildings and cottage clusters in areas previously reserved for single family homes. The law won’t take effect until 2020 likely to allow cities to revise their zoning code to incorporate this new law. Read the actual bill here: HB2001 For a great article from the Oregonian: about HB2001 The post Oregon to Eliminate Single Family Zoning appeared first on SellPDX ..read more

City and State Real Estate just got to share our story with Real Producers Magazine. We believe our values as agents also benefit our clients. We started City and State to create a group of highly ethical, full time professional brokers who focus on our clients first. We believe every broker deserves to: Know their people, Grow their business, and Win their future. Nick Krautter, CEO of City and State Real Estate Read the full article here: City and State Realty in Real Producers  The post City and State Real Estate featured in Real Producers Magazine appeared first on SellP ..read more

Watch the interview from KOIN news. Portland is a buyers market if you’re looking to move up: https://www.koin.com/news/is-portland-a-buyer-s-market-_20190515185719/2004076792 The post City and State CEO Nick Krautter on KOIN News appeared first on SellPDX ..read more

It’s almost halftime for 2019 and I want to give you some highlights of how this year is shaping up for real estate in the Portland Metro. Highlights: Portland jumps up to 25th largest city in the US despite slowing growth. Portland grew by 4,500 people from July 2017 to July 2018 according to this Oregonian article. My gut tells me growth will continue to slow in our region. Home inventory: 2.2 months – still a sellers market except in the million dollar plus range where inventory is 7 months. A great time to move up! Average sales price: $452,100 up 1.2% through April but fla ..read more

The latest Case/Shiller home price index just came out this morning and home price appreciation in the NW is slowing down. Even with the market cooling prices are still going up faster than inflation. In Portland prices rose 0.7% in March 2019 and are up 2.6% over last March. Home loan interest rates dropped considerably and are currently right at 4% for a 30 year fixed rate. These low rates contribute to continued appreciation. The post Home appreciation slowing down: Portland Case/Shiller appeared first on SellPDX ..read more