Portland Blog | This Week in Portland June 12

Hello, Portland! I really enjoy seeing what Portland photos that people upload to the site each week, because it gives me a good chance to get around Portland and see the sights, without having enough free time to actually really get out and around Portland every week, myself. Plus, many of the Portland photos are inspirational, or have a story behind them. I like the one featured this week, "VBC" because it shows a classic example of Portlanders out in their community collaborating on a neighborhood project.

I love watching neighborhood projects come together, such as public art mural painting on the side of a building or Portland business, or a Portland community garden. So what is VBC, you ask? A quick Google search of "VBC on Clinton Street" revealed the following (from CityRepair.org):

The planning for VBC sites is decentralized. We believe that the more local the decision the better, while we're in the phase of rebuilding vibrant neighborhoods.

Portland: Art & Rock-n-Roll

Portland is one of the few places I can think of where the painting of a rock star hangs proudly in the office of the Mayor. Yes, indeed, Sam Adams is a Modest Mouse fan and he now has a huge painting of the band’s lead singer sporting lederhosen and posing next to a stuffed wild boar. This near life size piece is called "Isaac Brock and the Seven Deadly Sins" and it is simply incredible. From YouTube:

The man behind all of this is a very potent, exceptionally talented Portland artist, Alexander Rokoff. Meet Alexander once and you’ll never forget him. He is truly genuine in every single way and is by far the most gifted painter I have met in my lifetime. Rokoff is one of many artists who has a work studio in the North Portland based Falcon Arts Community and is one of the most well known artists in the Portland area. Rokoff also teaches oil painting classes and is a fantastic instructor. His passion for art is infectious and his eye is impeccable. Learn more about Alex and Rokoff Studios here.

About the Falcon Arts Community:

“The Falcon Art Community in Portland , Oregon provides affordable apartments and artist studio space in a beautifully restored circa 1911 building. With a slightly different take on the live/work concept, The Falcon Art Community separates apartment living from studio space by putting the living accommodations on floors above the work space. This idea allows artists to live/work in the same building, while not forcing artists to live in their work space. There are 47 apartments in the building and 25 art work spaces.”

Learn more about the Falcon Arts Community here.

Cheap Eats in Portland During June

There is a June promo running at a handful of great Portland restauarants around town. Get a three course meal at some great Portland restaurants for only $25. Check it out at: http://www.downtownportland.org/diningmonth/

The Portland Photo of the Week

Congrats to Beth Giansiracusa for this great "day in the life of Portland" community photo, taken on SE Clinton Street. This is a great shot, and thanks for sharing with us!

Our weekly Portland photo winner scores a $20 gift certificate to a local Portland business. Art will receive a gift cert to one of our favorite coffee shops of all time, The Red E Cafe. The gorgeous Red E is located in North Portland and is one of the most highly esteemed coffee shops in all of Portland. Read our review on the Portland coffee scene. There is a reason why our Portland coffee shops and coffee roasters get written up in the New York Times, folks.

Featured Portland Events this Week

Here are the featured Portland events this week! 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, here. Just click "Add an Event" and fill in the details.

Rose Festival Dragon Boat Races - Dates: Saturday, June 12 and Sunday, June 13, 2010

Times: Races start at 8:00 a.m. and end at approximately 4:00 p.m.

Location: South end of Tom McCall Waterfront Park

http://www.rosefestival.org/events/dragonboatrace/

The Rose Festival is proud to host the Portland Rose Festival Dragon Boat Race. They celebrated their 20th year in 2008!

Almost 100 teams compete (including local, national, and international teams) with heats of four teams competing every nine minutes. These races are held on the Willamette River (near the Hawthorne Bridge), in boats graciously provided through the Portland-Kaohsiung Sister City Association.

Cirque du Cycling is a celebration along Mississippi Avenue every June. The event features an Art Bike Parade, a Family Ride, a high-speed bike race, two beer gardens, an art installation, free bike parking and much more. Cirque du Cycling is a benefit for Albina Youth Opportunity School.

What? The 3rd Annual Oregon Brews and BBQs Event!
What Will Be There? Brews, Food, and Music! Breweries, Wineries, Food Vendors, and Live Bands!
When? June 18-19, 2010
Friday : 3:00pm - 10:00pm
Saturday : Noon - 10:00pm
Where? McMinnville, OR - Granary District, just blocks from Historic Downtown.

How Much? Admission: $5 at the gate for ages 13 and up.
Over 21: With proper ID, Admission includes souvenir tasting mug.
Children: 12 and under free with paying adult.

Portland Pride Festival and Parade 2010 - Be sure to mark your calendars for the Portland Pride Festival this year on June 19th & 20th. As always we will have non-stop entertainment and lots of fun planned for our lovely and diverse community.

With hope and change on everyone's minds, the Pride Northwest Board members are thrilled to bring the Portland community and beyond the biggest Pride Celebration ever!

http://www.pridenw.org

Over 100 Homes plus many organizations make Fathers Day Weekend a fun time to stroll our beautiful neighborhood: buy great furniture, antiques, toys, clothes, etc and visit the various lemonade and food stands.

Fred Meyer Broadway Across America Portland presents Disney's The Lion King

Wednesday, June 16th - Sunday, July 11th
$28.75 & up

Tickets: The PCPA box office, Ticketmaster

JUNE Wed 16 7:30 p.m., Thu 17 1 & 7:30 p.m., Fri 18 7:30 p.m., Sat 19 2 & 7:30 p.m.

Experience the phenomenon of Disney's THE LION KING. Marvel at the breathtaking spectacle of animals brought to life by award-winning director Julie Taymor, whose visual images for this show you'll remember forever. Thrill to the pulsating rhythms of the African Pridelands and an unforgettable score including Elton John and Tim Rice's Oscar®-winning song "Can You Feel The Love Tonight" and "Circle of Life." Let your imagination run wild at the Tony® Award-winning Broadway sensation Newsweek calls "a landmark event in entertainment." Portland's most eagerly awaited stage production ever will leap onto the Keller Auditorium stage June 16-July 11, 2010.

Four actors, two musicians and a baby grand ... Miracle Theatre Group and Staged! Portland’s Musical Theatre Series are collaborating to unplug the traditional summer musical in an intimate, acoustic presentation of Tony Award-winning Jason Robert Brown’s first produced musical, the off-Broadway hit SONGS FOR A NEW WORLD.

From a ledge 57 stories above Fifth Avenue to the deck of a 1492 Spanish sailing ship ... from a young man who hopes basketball is his ticket out of the ghetto to the wife of a certain North Pole resident who loves her husband but just can’t face another Christmas alone ... it’s the hard choices and startling discoveries we make at pivotal moments in life that drive the stories of this theatrical song cycle filled with love, laughter, adventure and, above all, passion for life.

SONGS FOR A NEW WORLD plays June 18-July 3, 2010 at the Milagro Theatre (525 SE Stark St., Portland). Performances are Fridays and Saturdays at 8pm and Sundays at 2pm. Tickets are $17-$22 ($13 for students/seniors) when purchased in advance; $24-$29 ($19 for students/seniors) at the door. Tickets may be purchased by calling 503-236-7253, online from www.milagro.org or in person from the PDX Ticket Network community box office at the Hollywood Theatre daily 1-9 p.m. For more information about the production, visit www.milagro.org or www.stagedpdx.org.

Portland Blog, Forum Chatter & More

Want to add your own two cents to the Portland blog? Please do! But please remember to keep it real and community focused. Read our terms of use and don't spam the planet with self promoting material or weird stuff as it will just get deleted. We have a zero spammer policy to keep the site valuable and hassle free for our members. Thanks!

Eastmoreland Neighborhood Report

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 Eastmoreland 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 http://www.propertiesofportland.com.

If you are looking for homes in Eastmoreland, visit this link where you can search for homes by particular neighborhood: Click Here

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 Eastmoreland neighborhood from
2/09 to 4/10:

In Eastmoreland, closed sales have dipped slightly over last month while pending sales have spiked. Closed sales are higher than they were last year at this time while pending sales are way up. In April 2010, there were 33 closed sales, 56 pending sales, and 106 on the market.

More stats for you from your friendly neighborhood real estate statistics nerd:

One year change from April 2009 to April 2010:

Inventory (how many homes on the market for sale): Up .1%
Homes sold: Up 32%
Homes pending sale: Up 124%

Chart for average price per square footage:

In the past 15 months, the average price per square footage in the Eastmoreland neighborhood has been between $143 and $179/sq. ft. In April 2010, the average price per square foot in the Eastmoreland neighborhood was $158.

One year change from April 2009 to April 2010:

Change in Price Per Square Foot:
April 2009: 162
April 2010: 158
Percentage Change: Down 2.5%

Days on Market, Sold/List Price:

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 April 2010, sellers in Eastmoreland received, on average, 95% of their listing price.

More stats for you:

Change from April 2009 to April 2010:

Time on Market: Down 13.1%
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 April 2010, the average price of a house on the market in Eastmoreland was $384,000. The average sale was $367,000.

More stats over one year:

Average active price: Down 15.2%
Average sold price: Up 13.6%

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. April 2010 in the Eastmoreland neighborhood was a balanced market, leaning in the seller's favor, with 3.2 months of inventory.

By the way, This does NOT mean that it will take 3.2 months for your home to sell. That figure was, on average in April, 53 days. Inventory
is a figure that means that, if not another home were to come on the market in Eastmoreland from this point forward, in 3.2 months there would not be another home to sell. They would all be sold.

Visit my website where you can contact me and search all Portland Metro Area listings from the RMLS: http://www.propertiesofportland.com

Best Real Estate Deals in Portland

Every week, Ross shares with us a selection of the best real estate deals in Portland. This week there are some more affordable Portland homes, in addition to something a bit more upscale to match our Eastmoreland neighborhood report. Check out this beauty:
6308 SE 28TH AVE Portland, OR 97202 - Eastmoreland - $950,000

Powell's Bookstore Picks

That's it for now

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!

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	Portland Blog: This Week in Portland June 12 - June 19 2010 Hello, Portland! I really enjoy seeing what Portland photos that people upload to the site each week, because it gives me a good chance to get around Portland and see the sights, without having enough free time to actually really get out and around Portland every week, myself. Plus, many of the Portland photos are inspirational, or have a story behind them. I like the one featured this week, "VBC" because it shows a classic example of Portlanders out in their community collaborating on a neighborhood project. I love watching neighborhood projects come together, such as public art mural painting on the side of a building or Portland business, or a Portland community garden. So what is VBC, you ask? A quick Google search of "VBC on Clinton Street" revealed the following (from CityRepair.org): The Village Building Convergence is a bit like a conference, a bit like a festival, and a bit like a neighborhood improvement day. Of course, it is uniquely unlike any of those events, but if you are familiar with any of these types of events, you can start to understand VBC. During the Village Building Convergence, a lot of work is done to directly improve spaces which the public either owns or has access to. Like a neighborhood improvement day, VBC projects make people feel more ownership of the place in which they live, and upgrade the functionality of the neighborhood in some way. Here are some key differences: The planning that goes into a VBC project would exceed the planning that goes into most neighborhood cleanup projects. Site begin considering their options in the late fall, and submit Statements of Intent in late January. Our Placemaking Team holds weekly meetings to support the sites in their work. Many neighborhoods are involved at one time! VBC sites are scattered around the Greater Portland Metro area. This links together in common cause people from many different neighborhoods. The planning for VBC sites is decentralized. We believe that the more local the decision the better, while we're in the phase of rebuilding vibrant neighborhoods. More about City Repair: "City Repair is an organized group action that educates and inspires communities and individuals to creatively transform the places where they live. City Repair facilitates artistic and ecologically-oriented placemaking through projects that honor the interconnection of human communities and the natural world. The many projects of City Repair have been accomplished by a mostly volunteer staff and thousands of volunteer citizen activists." City Repair began in Portland, Oregon with the idea that localization - of culture, of economy, of decision-making - is a necessary foundation of sustainability. By reclaiming urban spaces to create community-oriented places, we plant the seeds for greater neighborhood communication, empower our communities and nurture our local culture. Our projects include the annual Village Building Convergence, where people gather at neighborhood sites throughout Portland to engage in intersection repair, natural building, and other forms of placemaking. We also host Earth Day, the Village Planting Convergence (also known as City Riparian), and operate a mobile tea house called the T-Horse. Throughout the year we educate the community with workshops on all forms of sustainability and offer the invaluable placemaking guidebook and one-on-one consulting for those who want to repair their own neighborhood. If you are interested in helping our efforts please visit our volunteer page. As an almost entirely volunteer-driven nonprofit organization, we rely solely on the support of our community. Visit http://cityrepair.org/ to get involved! Portland: Art & Rock-n-Roll Portland is one of the few places I can think of where the painting of a rock star hangs proudly in the office of the Mayor. Yes, indeed, Sam Adams is a Modest Mouse fan and he now has a huge painting of the band’s lead singer sporting lederhosen and posing next to a stuffed wild boar. This near life size piece is called "Isaac Brock and the Seven Deadly Sins" and it is simply incredible. From YouTube: The man behind all of this is a very potent, exceptionally talented Portland artist, Alexander Rokoff. Meet Alexander once and you’ll never forget him. He is truly genuine in every single way and is by far the most gifted painter I have met in my lifetime. Rokoff is one of many artists who has a work studio in the North Portland based Falcon Arts Community and is one of the most well known artists in the Portland area. Rokoff also teaches oil painting classes and is a fantastic instructor. His passion for art is infectious and his eye is impeccable. Learn more about Alex and Rokoff Studios here. About the Falcon Arts Community: “The Falcon Art Community in Portland , Oregon provides affordable apartments and artist studio space in a beautifully restored circa 1911 building. With a slightly different take on the live/work concept, The Falcon Art Community separates apartment living from studio space by putting the living accommodations on floors above the work space. This idea allows artists to live/work in the same building, while not forcing artists to live in their work space. There are 47 apartments in the building and 25 art work spaces.” Learn more about the Falcon Arts Community here. Cheap Eats in Portland During June There is a June promo running at a handful of great Portland restauarants around town. Get a three course meal at some great Portland restaurants for only $25. Check it out at: http://www.downtownportland.org/diningmonth/ The Portland Photo of the Week Congrats to Beth Giansiracusa for this great "day in the life of Portland" community photo, taken on SE Clinton Street. This is a great shot, and thanks for sharing with us! Our weekly Portland photo winner scores a $20 gift certificate to a local Portland business. Art will receive a gift cert to one of our favorite coffee shops of all time, The Red E Cafe. The gorgeous Red E is located in North Portland and is one of the most highly esteemed coffee shops in all of Portland. Read our review on the Portland coffee scene. There is a reason why our Portland coffee shops and coffee roasters get written up in the New York Times, folks. Come and upload your Portland photos to the Photo Gallery for your chance to win each week. Check back to see if your photo is selected for a spotlight in the weekly Portland blog! Featured Portland Events this Week Here are the featured Portland events this week! 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, here. Just click "Add an Event" and fill in the details. Portland Rose Festival - Dragon Boat Races this Weekend Rose Festival Dragon Boat Races - Dates: Saturday, June 12 and Sunday, June 13, 2010 Times: Races start at 8:00 a.m. and end at approximately 4:00 p.m. Location: South end of Tom McCall Waterfront Park http://www.rosefestival.org/events/dragonboatrace/ The Rose Festival is proud to host the Portland Rose Festival Dragon Boat Race. They celebrated their 20th year in 2008! Almost 100 teams compete (including local, national, and international teams) with heats of four teams competing every nine minutes. These races are held on the Willamette River (near the Hawthorne Bridge), in boats graciously provided through the Portland-Kaohsiung Sister City Association. Click to View this Portland Event: Dragon Boat Races Portland Rose Festival Grand Floral Parade - June 12 The KeyBank Grand Floral Parade is the crown jewel of the annual Rose Festival, anticipated annually by both locals and festival guests. In 2010 the parade will be an extravaganza of the Rose Festival's theme, 'Rose Spirit,' displaying the colors, variety and excitement of an animated garden. Click to view this Portland Event: Grand Floral Parade Cirque du Cycling on Mississippi Avenue - June 12 Cirque du Cycling is a celebration along Mississippi Avenue every June. The event features an Art Bike Parade, a Family Ride, a high-speed bike race, two beer gardens, an art installation, free bike parking and much more. Cirque du Cycling is a benefit for Albina Youth Opportunity School. Learn more at: http://www.cyclingcircus.com/about.html Click to View this Portland Event: Cirque du Cycling 3rd Annual Oregon Brews and BBQs in McMinnville - June 18 and 19 What? The 3rd Annual Oregon Brews and BBQs Event! What Will Be There? Brews, Food, and Music! Breweries, Wineries, Food Vendors, and Live Bands! When? June 18-19, 2010 Friday : 3:00pm - 10:00pm Saturday : Noon - 10:00pm Where? McMinnville, OR - Granary District, just blocks from Historic Downtown. How Much? Admission: $5 at the gate for ages 13 and up. Over 21: With proper ID, Admission includes souvenir tasting mug. Children: 12 and under free with paying adult. Click to view this Portland Event: Brews n BBQs Portland Pride Festival and Parade - June 19 and 20 Portland Pride Festival and Parade 2010 - Be sure to mark your calendars for the Portland Pride Festival this year on June 19th & 20th. As always we will have non-stop entertainment and lots of fun planned for our lovely and diverse community. With hope and change on everyone's minds, the Pride Northwest Board members are thrilled to bring the Portland community and beyond the biggest Pride Celebration ever! http://www.pridenw.org Click to View this Portland Event: Portland Pride Festival 25th Annual Laurelhurst Garage Sale - June 19 Over 100 Homes plus many organizations make Fathers Day Weekend a fun time to stroll our beautiful neighborhood: buy great furniture, antiques, toys, clothes, etc and visit the various lemonade and food stands. Click to View this Portland Event: Laurelhurst Garage Sale Disney's The Lion King - June 16 through July 11 Fred Meyer Broadway Across America Portland presents Disney's The Lion King Wednesday, June 16th - Sunday, July 11th $28.75 & up Tickets: The PCPA box office, Ticketmaster JUNE Wed 16 7:30 p.m., Thu 17 1 & 7:30 p.m., Fri 18 7:30 p.m., Sat 19 2 & 7:30 p.m. Experience the phenomenon of Disney's THE LION KING. Marvel at the breathtaking spectacle of animals brought to life by award-winning director Julie Taymor, whose visual images for this show you'll remember forever. Thrill to the pulsating rhythms of the African Pridelands and an unforgettable score including Elton John and Tim Rice's Oscar®-winning song "Can You Feel The Love Tonight" and "Circle of Life." Let your imagination run wild at the Tony® Award-winning Broadway sensation Newsweek calls "a landmark event in entertainment." Portland's most eagerly awaited stage production ever will leap onto the Keller Auditorium stage June 16-July 11, 2010. Click to View this Portland Event: Disney's The Lion King Miracle Theatre Group - Songs for a New World - June 18 through July 3 Four actors, two musicians and a baby grand ... Miracle Theatre Group and Staged! Portland’s Musical Theatre Series are collaborating to unplug the traditional summer musical in an intimate, acoustic presentation of Tony Award-winning Jason Robert Brown’s first produced musical, the off-Broadway hit SONGS FOR A NEW WORLD. From a ledge 57 stories above Fifth Avenue to the deck of a 1492 Spanish sailing ship ... from a young man who hopes basketball is his ticket out of the ghetto to the wife of a certain North Pole resident who loves her husband but just can’t face another Christmas alone ... it’s the hard choices and startling discoveries we make at pivotal moments in life that drive the stories of this theatrical song cycle filled with love, laughter, adventure and, above all, passion for life. SONGS FOR A NEW WORLD plays June 18-July 3, 2010 at the Milagro Theatre (525 SE Stark St., Portland). Performances are Fridays and Saturdays at 8pm and Sundays at 2pm. Tickets are $17-$22 ($13 for students/seniors) when purchased in advance; $24-$29 ($19 for students/seniors) at the door. Tickets may be purchased by calling 503-236-7253, online from www.milagro.org or in person from the PDX Ticket Network community box office at the Hollywood Theatre daily 1-9 p.m. For more information about the production, visit www.milagro.org or www.stagedpdx.org. Click to View this Portland Event - Miracle Theatre Group - Songs for a New World Portland Blog, Forum Chatter & More How Transgender Friendly is Portland First Thursday @ Pearl Moving to Portland Want to add your own two cents to the Portland blog? Please do! But please remember to keep it real and community focused. Read our terms of use and don't spam the planet with self promoting material or weird stuff as it will just get deleted. We have a zero spammer policy to keep the site valuable and hassle free for our members. Thanks! Eastmoreland Neighborhood Report By Ross Seligman The Eastmoreland neighborhood is located in Southeast Portland. It is bordered by the Sellwood, Reed and Woodstock neighborhoods. Click here to learn more about Eastmoreland. 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 Eastmoreland 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 http://www.propertiesofportland.com. If you are looking for homes in Eastmoreland, visit this link where you can search for homes by particular neighborhood: Click Here 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 Eastmoreland neighborhood from 2/09 to 4/10: In Eastmoreland, closed sales have dipped slightly over last month while pending sales have spiked. Closed sales are higher than they were last year at this time while pending sales are way up. In April 2010, there were 33 closed sales, 56 pending sales, and 106 on the market. More stats for you from your friendly neighborhood real estate statistics nerd: One year change from April 2009 to April 2010: Inventory (how many homes on the market for sale): Up .1% Homes sold: Up 32% Homes pending sale: Up 124% Chart for average price per square footage: In the past 15 months, the average price per square footage in the Eastmoreland neighborhood has been between $143 and $179/sq. ft. In April 2010, the average price per square foot in the Eastmoreland neighborhood was $158. One year change from April 2009 to April 2010: Change in Price Per Square Foot: April 2009: 162 April 2010: 158 Percentage Change: Down 2.5% Days on Market, Sold/List Price: 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 April 2010, the average time on market for a home in the Eastmoreland neighborhood was 53 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 April 2010, sellers in Eastmoreland received, on average, 95% of their listing price. More stats for you: Change from April 2009 to April 2010: Time on Market: Down 13.1% 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 April 2010, the average price of a house on the market in Eastmoreland was $384,000. The average sale was $367,000. More stats over one year: Average active price: Down 15.2% Average sold price: Up 13.6% 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. April 2010 in the Eastmoreland neighborhood was a balanced market, leaning in the seller's favor, with 3.2 months of inventory. By the way, This does NOT mean that it will take 3.2 months for your home to sell. That figure was, on average in April, 53 days. Inventory is a figure that means that, if not another home were to come on the market in Eastmoreland from this point forward, in 3.2 months there would not be another home to sell. They would all be sold. Visit my website where you can contact me and search all Portland Metro Area listings from the RMLS: http://www.propertiesofportland.com Click here to read the rest of this report Best Real Estate Deals in Portland Every week, Ross shares with us a selection of the best real estate deals in Portland. This week there are some more affordable Portland homes, in addition to something a bit more upscale to match our Eastmoreland neighborhood report. Check out this beauty: 6308 SE 28TH AVE Portland, OR 97202 - Eastmoreland - $950,000 See the listing here: http://www.propertiesofportland.com/10044904 Take a peek at all the Portland real estate deals this week. Did you know there are nearly 100 unique Portland neighborhoods? Read and learn all about these interesting urban communities. Powell's Bookstore Picks We love Powells! Portland Book Review of the Day Portland eBooks Powell's Author Interviews That's it for now 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! PS -- Want to read back issues of this blog? Here ya go!	Connect with Portland Check out our online community Advertise Thanks for reading this Portland blog. 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Portland Blog: This Week in Portland June 12 - June 19 2010