Tag Archives: Forest Heights

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