Portland
Blog: This Week in Portland May 19 - May 26 2012
Welcome to another
weekend, Portland! We are on the cusp of summer and are overflowing
with everything that makes us Portland: bicycles, coffee shops, outdoor
breweries, front yard gardens, dogs in bike-cabs and family hikes in the
Gorge. We love Portland in the summer!
New Self Storage Facility in South
Waterfront – Now OPEN!
South Waterfront Heated Storage offers a State of the Art Self-Storage
facility located in Portland, Oregon. This modern day Self-Storage
Facility offers extravagant features including: A digital camera
surveillance system, personalized customer access codes and individually
alarmed unit doors. Also find multiple covered/heated loading areas,
freight elevators and a large quantity of flatbed carts; making your
moving experience a breeze!
Just minutes from John’s Landing, Sellwood and Lake Oswego; South
Waterfront Heated Storage offers you a convenient location while
providing great customer service. Also find moving and packing supplies
– Your one stop shopping center!
Open 7 days a week! Stop in for a cup of coffee and a tour of this
cutting edge facility – Great Move-in Specials Available!
Learn how you can receive up to 50% off your 1st 2 Months Rent!
The
Portland Photo of the Week
The Portland Photo of the
Week is by
local artist,
Fasai.
This photo captures the breathtaking beauty of Indian Beach.
Our Portland
Photo of the Week winner gets a $20 gift certificate to a local Portland
business of our choosing. This week our winner is treated to
Powells Books, the largest indie bookstore in the world!
Powells Bookstore Portland Oregon-
If you're a book lover and you live in Portland Oregon, then Powells
Bookstore is no surprise to you because it is a local favorite. Powell's
City of Books is one of the most visited spots in town whether you're
visiting Portland and looking for popular places to visit, or whether
you've lived in Portland your entire life. they say 80,000 people
browse the shelves of Powells each day. If you're visiting with a
group, you can evenarrange
a tour.
"From humble storefront beginnings in 1971 on a derelict corner of
northwest Portland, Oregon, Powell's Books has grown into one of the
world's great bookstores, with seven locations in the Portland
metropolitan area, and one of the book world's most successful dot-coms
(www.powells.com), serving customers worldwide." (Powells.com)
I'm going to fall back on that universal cop-out, the one many people
use when pressed to explain their belief systems: I'm not religious, but
I am spiritual.
Oh, you didn't ask? My bad.
The truth is that I'm a lapsed everything. If my seeking life was an
actual path, the grass on both sides of the sidewalk would be stomped
flat. I've exchanged many a come-hither glance with a variety of
disciplines. I'm the guy floating from table to table, full of ideas and
conversation, but ultimately I have never sealed the deal before they
start flicking the last-call lights. Is a singles-bar analogy
appropriate in this context? Maybe I should have asked first.
Fortunately, the minders at The Grotto (formally named The National
Sanctuary Of Our Sorrowful Mother) don't care what spiritual bent
visitors follow; at least no one I know has ever been carded.
I love this place, one of the most serene in the city. Walking the
grounds demands a slower pace and a mind shed of worry. Visitors
generally treat it as an outdoor church, so it's only natural to find it
hushed and tranquil. That seems appropriate to me; as fond as I am of
old, grand churches, I appreciate that sense of peace even more out of
doors. Were I truly a member of the faithful, I would particularly hold
in awe this melding of the Creator and the Created.
I've always loved statuary, and even if the examples here are
specifically iconic, it doesn't detract from their beauty in the least.
Resting on one of the benches in the shadow of one of these statues
makes me feel reverent even if that reverence is undirected.
At the top is the Meditation Chapel. I'll be honest, the exterior looks
like a set piece fromLogan's
Run. The view from inside is spectacular, though.
March 10, 2012at 10am toJune
17, 2012at 5pm –Portland
Art Museum
Emerging, a selection of more than 50 works, celebrates the diversity
and breadth of a set of 500 recent gifts and purchases. Included are
images by such exceptional photographers as Adolphe Braun, B…Organized
by Portland Art Museum | Type:museum,exhibit
April 5, 2012at 6pm toOctober
4, 2012at 6pm –Jamison
Square What
mysteries lurk behind the bright lights of Portland's hippest art
galleries, chic shops, bookstores and microbreweries? Come to Jamison
Square at 6 PM on First Thursdays and find out! Upon arriv…
April 27, 2012toMay
20, 2012–Portlandhttp://www.cirquedusoleil.com/en/shows/ovo/tickets/portland.aspx
OVO is a headlong rush into a colourful ecosystem teeming with life,
where insects work, eat, crawl, flutter, play, fight and look fo…Organized
by Cirque du Soleil | Type:cirque
May 3, 2012at 7:30pm toMay
19, 2012at 7:30pm –The
BodyVox Dance CenterBuilding on its
fruitful history of working in film, next spring BodyVox will embark on
a new approach to its unique brand of dance theater. Utilizing a mash up
of cinematic scenes from classic films…Organized
byBodyVox|
Type:performance
May 12, 2012at 10am toSeptember
9, 2012at 5pm –The
Portland Art Museum
Photography has figured prominently in the Museum’s exhibitions since
the early 1910s; the official acquisition of photographs for the
permanent collection began in 1942 with the addition of 86 photo…Organized
by Portland Art Museum | Type:photography,exhibit
Photo credit:
Lindsay - Lan Su Chinese Garden -
Learn more about this amazing place
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May 2012 Portland Real Estate Report
By
Ross and Leah Seligman
May 2012 Portland Oregon Real Estate Condo Market Report: What's
Happening? Here is a chart of all condos for sale, pending for
sale, and sold in Portland, Oregon for the last 15 months:
In April 2012, inventory was 527 on the market. In April 2012, 115
condos sold and 151 are pending for sale.
Yearly
change from April 11 to April 12:
Inventory
is Down 34%
Closed
Sales are Down 14.2%.
Pending
sales are the same as last year at this time.
Chart for
average price per square footage:
In the past 15 months, the average price per square foot for condos in
Portland, Oregon has been between $213 and $259. In April 2012, the
average price per square foot in Portland was $243.
Yearly
change from April 11 to April 12:
Average
Price/Square Foot has not changed.
Days on
market and sold/list price %:
This chart is showing us two things. First, how many days on the market
that a condo is spending, on average, before being sold. In all of
Multnomah County, in all price ranges, a condo is taking, on average,
109 days to sell.
The other thing that this chart shows is what percentage of listing
price the condo, on average, is selling at. This is a great indicator of
pressure on prices. In April 2012, sellers were getting, on average, 93%
of their original asking price.
Yearly
change from April 11 to April 12:
Average
time it takes to sell a condo has increased 2.8%.
The
percentage of original listing price that was paid has increased 1%.
Average
price for sale vs. average price of sold:
The largest segment of condo sales have been in the price range
under $400,000. You can see this reflected in the average price of a
condo that has sold. In April 2012, this figure was $279,000.
Yearly
change from April 11 to April 12:
The
average price of a condo listed has decreased 2.1%.
The
average price of a condo sold has increased 3%.
Months
of inventory:
Months of inventory gives a timeline of how long it would take for
all of the current listings to sell. Anything above 4 months is
considered a buyers market. In April 2012, this figure was 4.6
months based on closed sales.
This does NOT mean that it will take, on average, 4.6 months for
your condo to sell. That number was, on average in all price ranges,
109 days. It means that, if not a single listing were to come on
the market in Portland from this moment, it would take 4.6 months
for all available condos to sell before there would be none left.
Yearly
change from April 11 to April 12:
The
months of inventory figure has decreased 23.1%.
About
the report:
They are a comparison of the past 15 months (including a percentage
change analysis for the last 12 months) for all of Portland and are
taken directly from the RMLS. What follows is my own analysis of
these statistics. For our purposes, I thought it best to analyze
Portland as a whole. Each neighborhood, however, is a little
micro-universe and has its own market. Changing the parameters of
the zip codes, price variables, or time periods can lead to very
different results. This analysis is of all condos sold in all price
ranges in Portland, Oregon. If you have any questions about specific
zip codes, or any questions about the market in general, please
reply to this forum with those questions or feel free to contact me
at: http://www.propertiesofportland.com.
Since Portland is a neighborhood city, you can now search by
"Irvington, Alberta, etc.". You can check it out by clicking here.
This information doesn't matter if you have a particular
neighborhood in mind since Portland neighborhoods are their own
micro-markets. If you have one in mind to buy or are selling your
condo, please request a report for that neighborhood and I am happy
to post it on this blog or send it to you. The complete Portland
report is useful for an overall snapshot of the Portland market.
Hey everyone, I want to know what you think of these reports. Too
many stats? Just right? Something missing? Let me know so I can make
these more useful for you. What are your thoughts about real estate
right now? What do you think of the information in this report? Post
to this blog so we can discuss.
Visit
our website where you can contact us and search all Portland
Metro Area condos for sale from the RMLS in Portland, OR, including
school and neighborhood reports: http://www.propertiesofportland.com
Best Deals in Portland this Week
Each week Ross and Leah share five great Portland real estate deals
from their listings.
3444 SW
GALE AVE Portland, OR 97239 - SW Hills - $589,000
Click the
image to see the full listing
6038
NE 26TH AVE Portland, OR 97211 - Concordia/Alberta - $332,000
Click the
image to see the full listing
7045
SE FRANKLIN ST Portland, OR 97206 - South Tabor - $286,000
Click the
image to see the full listing
Visit our website where you can contact
us and search all Portland metro area homes for sale and real
estate from the RMLS, including neighborhood and school
information: www.propertiesofportland.com
We
hope you enjoy reading our weekly Portland blog. Want to see
more or less of something? Let us know! Once again,
thanks for being here and making this Portland website such an asset to
the community! If
you love this site as much as we do, tell your friends!
Have a great weekend!
