Tag Archives: Home Buyers

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

Advertisements

My Must-Do Things When Moving Into A New House

The last few days have been busy for me.  My family and I just moved into our new home sweet home!  We are over the moon excited!  And this made me think of the three things I have done or will be doing this week.

1) Change the locks

This one seems like a no-brainer.  You just bought your new home and the previous owner gives you one key to the house.  Really?  ONE key?Key.jpg

Obviously, there are other keys out there…

If you feel handy, you can go to Home Depot and get yourself a new lock.  We are not that kind of handy in my family, so I call a locksmith and use this opportunity to ask for all the locks to be re-keyed (think garage door and back door).

2) Change your mailbox lock

Did you just get ONE key for your mailbox too?  I thought so!

This one works a bit differently.  I know some people change the lock themselves… but your mailbox may be considered USPS property, in which case, the U.S. Postal Service should be the one changing the lock… as long as you ask for it!

You may make a formal request by going to your local post office.  They then inform you once the lock has been changed and you can go pick up your keys.  In the past, they have asked for a proof of ownership and the service was free; I will know soon if things have changed as I am heading to the post office tomorrow for my mailbox.  I will have up-to-date details on this!

3) Meet the neighbors

And now for the fun part: meet your neighbors!  Grab your kids, pets etc…  Go knock on doors as a family and introduce yourselves to your new neighbors!  Feel free to bring a little bag of homemade cookies (for example) to mark the occasion, but this is only if you want (or can! – considering that you may still have most of your stuff packed).

Three things…

… to do when you move into your new home

… for peace of mind

…  although I know there will be many more things I will be doing in my new house (starting with cleaning it and getting my closets and cabinets organized!)  😉

Welcome home!