Category Archives: John L. Scott

PDX November 2016 Market Update

november-2016-market-update-portland

My name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.

Call, text 503-459-2726 or email me at marie@marieconser.com today to start making your real estate dreams reality!

 

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PDX August 2016 Market Update

Overview of Portland Market:

> Cooler month since June, yet strongest July since 2008 in terms of new listings!

 

Intro

I have uploaded the Monthly Market Snapshot to my website.

Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

082016_Overview

In-Depth Data*

  • Closed Sales: Cooler month with 2.6% less closed sales than June 2016 and 5.5% less than July 2015.

082016_Closed Sales

  • New Listings: Although there were fewer listings than last month (2.9%), it was a better than July 2015 by 2.3%.

082016_New Listings

  • Active Listings: There were 5,360 active residential listings in the Portland metro area at the end of July 2016.  The inventory keeps growing!

082016_Active Residential Listings

  • Days On Market: Total Days on Market is now at 32 days.

082016_Days On Market

  • Average Sale Price: The year-over-year average sale price of a home in the area has increased by 11.4%.

082016_Sale Price

  • Inventory: The current home inventory is at 1.9 months, thanks to the increase in new listings.

082016_Inventory

*Source: RMLS Market Action (June 2016 Reporting Period; published in August 2016)

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #BuyNow #HireaPro

PDX July 2016 Market Update

Overview of Portland Market:

> Strongest June for new listings since June 2008!

Intro

I have uploaded the Monthly Market Snapshot to my website.

Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

072016_Market Update

In-Depth Data*

  • Closed Sales: Outpaced May 2016 sales by 9.0%.

072016_Closed Sales

  • New Listings: Uptick in new listings with an 8.6% increase over last month.

072016_New Listings

  • Active Listings: There were 4,762 active residential listings in the Portland metro area at the end of June 2016, the highest inventory so far in 2016.

072016_Active Residential Listings

  • Days On Market: Total Days on Market is now at 33 days.

072016_Days On Market

  • Average Sale Price: The average sale price of a home in the area has increased by 11.9% year-over-year.

072016_Sale Price

  • Inventory: The current home inventory is at 1.5 months.

072016_Inventory

*Source: RMLS Market Action (June 2016 Reporting Period; published in July 2016)

 

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #BuyNow #HireaPro

PDX June 2016 Market Update

Overview of Portland Market:

Intro

I have uploaded the Monthly Market Snapshot to my website.

Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

Marie June Housing Update

In-Depth Data*

  • Closed Sales: Increased by 10.9% compared to the previous month.Closed Sales
  • New Listings: New Listings rose 1.5% compared to last month.

New Listings

  • Active Listings: There were 4,003 active residential listings in the Portland metro area at the end of May 2016.

Active Residential Listings

  • Days On Market: Total Days on Market is now at 37 days.

Days On Market

  • Average Sale Price: The average sale price of a home in the area has increased by 11.9% year-over-year.

Sale Price

  • Inventory: The current home inventory is at 1.4 months.

Inventory

*Source: RMLS Market Action (May 2016 Reporting Period; published in June 2016)

 

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #BuyNow #HireaPro

PDX May 2016 Real Estate Market Update

Overview of Portland Market:

Intro

Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

Market Update

In-Depth Data*

  • Closings and Accepted Offers: It was below last year’s April but 1.8% ahead of March 2016.

Closed Sales

  • New Listings: There’s an uptick in the number of new listings; it rose 19.7% above the new listings offered last month.

New Listings

  • Active Listings: There were 3,721 active residential listings in the Portland metro area at the end of April 2016.

Active Residential Listings

  • Days On Market: Total Days on Market went down to 43 days.

Days On Market

  • Average Sale Price: The average sale price of a home in the area is at $365,100 which is an 8.7% increase year-over-year.

Sale Price

  • Inventory: The current home inventory is at 1.4 months! A balanced market offers a 5 to 6 months inventory. This is still seller’s market.

Inventory

*Source: RMLS Market Action (April 2016 Reporting Period; published in May 2016)

 

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #HireaPro

PDX March 2016 Market Update

Overview of Portland Market:

Intro

I have uploaded the Monthly Market Snapshot to my website.

Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

Market update

In-Depth Data*

  • Closings and Accepted Offers: It was the strongest February in the area since 1997.

Closed Sales

  • New Listings: February new listings rose 15% compared to January.

New Listings

  • Active Listings: There were 3,226 active residential listings in the Portland metro area at the end of February 2016.

Active res listings

  • Days On Market: Total Days on Market is now at 60 days, up 3 days from January.

DOM

  • Average Sale Price: The average sale price of a home in the area has increased by 7.1% year-over-year.Sale Price
  • Inventory: The current home inventory is at 1.8 months! A balanced market offers a 5 to 6 months inventory. This is what we refer to as a seller’s market.

Inventory

*Source: RMLS Market Action (February 2016 Reporting Period; published in March 2016)

 

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text 503-459-2726 or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #HireaPro

 

 

How Fast Will My House Sell?

A couple of days ago, I shared on my Facebook page some local and national statistics about how many days it takes for a house to sell in this current market.

I would like to take this opportunity to clarify one thing: one of the driving factor behind this data is the amount of inventory available to the buyers.  This is determined by the supply of homes expressed in month(s), i.e. the length of time it would take to sell all the homes currently offered for sale IF no new listing is added to the mix.

Note that a 1 to 2 month supply is considered a “shortage”, a 3 to 4 month supply is considered “low” and a 5 to 6 month supply is “healthy”.

Here is the state of the market per price point:

Up to $249,999: 1.1 month supply

$250,000-$ 349,999: 0.8 month supply

$350,000-$499,999: 1.0 month supply

$500,000-$749,999: 2.8 month supply

$750,000-$999,999: 9.5 month supply

$1,000,000+: 9.8 month supply

Final note: With 98% of the sales occurring under the $750,000 price point, 56% of the homes sell on average in the first 30 days.

 

Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights and Beaverton. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text 503-459-2726 or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #Hireapro

Why I chose John L. Scott

Today, I posted a formal announcement of my joining the firm John L. Scott on my Facebook page.

When it comes to real estate companies, there are many choices for a Real Estate Broker to chose from.  So why did I choose a regional firm when there are many other firms out there that may have a more recognizable name and might be nationwide?

Because real estate is first and foremost a people business.  J. Lennox Scott, Chairman and CEO of John L. Scott says it best: “Our business is Real Estate, but our company philosophy is living life as a contribution. It’s the core of who we are as a company.”  This translates into one of our core values: “It’s about the possibilities in our clients’ lives”.  No two clients are alike, no two needs, dreams or goals are the same.  As Real Estate Brokers, we are first and foremost consultants and educators for each of our clients.  In an era where real estate data is readily available to everyone who knows how to use a smart device, we help our clients make sense of the local market, navigate the buying or selling process and help them reach their real estate goals.

Because, as a professional, I want to work with a Company that will offer my clients the best tools to search and find their new home, to sell their house at the best possible price, in the best possible time, and to monitor the market with real time data sourced directly at the Multiple Listing Service.  How does John L. Scott achieve this?  Two examples: 1) For one, JLS has developed exclusive and trademarked marketing tools and systems to optimize the marketing of its clients’ listings because it is THAT important; 2) JLS has developed what I consider the best mobile app on the market; The GPS Home Search App 3.0 is ideal to help you keep a finger on the pulse of the market (pun intended)!  JLS prides itself in staying ahead when it comes to technology and marketing strategies to best serve its clients and they deliver.

Because when it comes to real estate, local knowledge is paramount.  I firmly believe that to bring value to your clients, you need to know your local market.  I have lived in the Rock Creek / Bethany/ Cedar Mill / Forest Heights area for ten years now (with a short detour by Colorado to keep things interesting).  I have seen this area change with price dipping in the recession and bouncing back up, and grow with new construction.  It is a dynamic market, close to major employers (Intel, Nike), highways (26 and 217) and convenient to downtown!

So what’s not to like?  John L. Scott, a regional independent company, with over 80 years of proven history of excellence in the markets it serves, has it all: local, expertise, excellence.  And that is why I chose John L. Scott.

– Marie