Portland Blog: This Week in Portland April 9 - April 16th 2011
Happy weekend, Portland and welcome to another edition of our Portland
blog. Coming off the heels of what is said to be a record breaking month of
rainfall in March, April appears to be like a little lamb, bringing some (which
is better than none) sun and
warmer temps. Thank the heavens for that because even the most hardcore Portland
lovers are threatening to move if they don't have some extended time with the
great orb in the sky and heat -- now. I'll admit this winter and spring has been
a bit of a doozy for me, too. Bring on the sun!
This summer, my plan is to hike a new spot every weekend and experience all
--yes, every single one-- of the local Portland parks. I realized lately that I
tend to go to my favorite spots and stay close to home a lot. What am I missing
out on? In a state as beautiful as Oregon --and with Washington next door-- I
can only imagine. I'd love to open a hiking book and start at the first hike and
move all the way through the book, hike by hike- taking notes along the way. I
fell in love with the below video on 7th generation Oregon and avid hiker, Teddy,
and bet you will, too.
This Week's Top Ten in Portland
1. Sixty degrees and sunny
in Portland on Friday. 'Nuff said. (Sun. Woot!!)
Photo credit: Brittania
2. Hanna - Some cool private company littered PDX with free tickets
to a private, pre-release showing of the movie Hanna. I enjoyed it and so
did the rest of our party. Fun, action packed thriller. Enjoy it at a beer
theater near you when its available! This reminds me, starting in late
April, the Cirque du Soleil crew will start working downtown close to the
waterfront. They hang out in the lower downtown area by the waterfront giving out free tickets at random establishments. This makes the end
of April a great time to hang out by the river, huh?
3. Organics to You "Organics to You Works with Local Farmers directly and
with other local purveyors of organic produce, that deliver the produce to our
warehouse in central S.E. Portland, then from there, to you to enjoy! There are
lots of different sizes of produce boxes to choose from along with some grocery
needs you may have. All you need to do is sign up and the best, freshest, local,
organic produce will come to your door!"
4. The Chinese Garden - A stunning park unlike any other in
the city. You'll wander around in awe at the beauty and the amazing detail and
will find yourself startle at the sight of the neighboring corporate structures
having forgotten the city entirely. Get lost here. #urbanoasisinthecity
5. ZoomCare -- The most accessible, affordable healthcare I know
of here in Portland. Make a same-day appointment online and enjoy the comforts
of a fixed price. Retail healthcare at its finest and soon to be opening a new
6. Your bike Hopping on your bike to commute to work --or anywhere
else for that matter-- is the perfect mode of transport. Especially in bike
friendly Portland. #doit
Photo credit: Mark McClure
7. The Japanese Garden - The most spectacular garden in all of
Portland and the best views of the city and Mt Hood.
Photo credit: Tamra Tiemeyer
8. E'Njoni Cafe - The best Ethiopian food in Portland- hands down.
Healthy, mostly organic food and unbelievably delicious.
9.Pok Pok - The 2007 Restaurant of the
Year opens their second location, Pok Pok Noi, in the end of March and already
its a hit. No big surprise there as the food is to die for. Here's the story of how they started:
10. And this...video is...awesome!
The Portland Photo of the Week
The Portland Photo of the Week winner this week is Portland Japanese
Our Portland Photo of the Week winner gets a gift certificate to a
local Portland business of our choosing. Tamra will receive a $20 gift
certificate to local Portland darling, Coava Coffee Roasters.
About Coava Coffee Roasters:
Portland Monthly calls Coava"the
best coffee in Portland - period"! Coava was also named one of the top ten
micro-roasters in America by Imbibe Magazine in the March 2010 issue. They
recently stormed the NW Regional Barista Competition and took 1st place for best
Barista and the Brewers Cup award. Learn more aboutCoava
Here are the featured Portland events this week focusing
on events happening this very weekend! Thanks to everyone for adding all
the great Portland events to the community events calendar. You can add
your own Portland events directly to the events calendar
Just click "Add an Event" and fill in the details.
April 2, 2011at 12pm toApril
30, 2011at 2pm –Portland
Queen of Maybeland, from the beloved radio show and children's book, The
Cinnamon Bear, is setting off on and adventure of her own. Captain Taffy is
bringing her to Portland for a hig…Organized
by Portland Spirit | Type:river,cruise
Are you keeping an eye on the Pearl District or is it your neighborhood? Check
link for a monthly updating real estate chart for this neighborhood.
In my monthly Portland real estate report, I always talk about how each
individual neighborhood is a micro-market. If you are looking to buy or sell in
a particular neighborhood, the most crucial information that you need to know is
what is going on in that neighborhood. In this situation, the overall Portland
market report is less important and the national real estate report is just
about useless. This posting is a real estate report for the Pearl District
neighborhood of all homes in all price ranges. Feel free to request particular
neighborhoods in which you are interested in buying or selling and I am be happy
to do a report, just contact me on this forum or at
If you are looking for homes in the Pearl District neighborhood, visit this link
where you can search for homes by particular neighborhood:Click
The first thing you will notice about individual neighborhoods as compared to
the overall Portland reports are that the numbers can be wildly different month
to month. Basically, the bigger the pool of data you are working with, the
smoother the stats become. As we focus on smaller areas, many different things
can happen month to month.
On to the report:
Here is the overall chart of inventory, sold, and pending for the Pearl District
neighborhood from 12/09 to 02/11:
In February 2011, there were 20 closed sales, 28 pending sales, and 235 homes on
the market in the Pearl District Neighborhood.
One year change from February 2010 to February 2011:
Inventory (how many homes on the market for sale): Down 19.5%
Homes sold: Up 25%
Homes pending sale: Up 47.4%
Chart for average price
per square footage:
In the past 15 months, the average price per square footage in the Pearl
District neighborhood has been between $280 and $438/sq. ft. In February 2011,
the average price per square foot in the Pearl District neighborhood was $298.
year change fromFebruary2010
Change in Price Per Square Foot:
February 2010: 353
February 2011: 298
Percentage Change: Down 15.5%
Days on Market,
This chart is showing us two things. First, how many days on the market that a
home is spending, on average, before being sold. In February 2011, the average
time on market for a home in the Pearl District neighborhood was 89 days.
The second thing that this chart is showing you is what percentage of the
listing price the owners actually are getting when the house is sold. This is a
great indication of the pressure on prices. In February 2011, sellers in Pearl
District received, on average, 95% of their original listing price.
More stats for you:
Change from February 2010 to February 2011:
Time on Market: Down 23.9%
Sold/List price% difference: Up 1%
Average price for sale
vs. average price of sold:
This chart shows us what the average listing was and what the average sale was.
In February 2011, the average price of a house on the market in Pearl District
was $435,000. The average sale was $327,000.
More stats over one year:
Average active price: Down 7.6%
Average sold price: Down 16.4%
Months of Inventory:
Months of inventory gives a time line of how long it would take for all of the
current listings to sell. Anything above 4 months is considered a buyers
market. This figure is a good indicator of supply and demand. February 2011 in
the Pearl District neighborhood was a buyer's market with 11.8 months of
By the way, this does NOT mean that it will take 11.8 months for your home to
sell. That figure was, on average in February, 89 days. Inventory is a figure
that means that, if not another home were to come on the market in Pearl
District from this point forward, in 11.8 months there would not be another home
to sell. They would all be sold.
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