The weekend is here at last and with it comes
the latest edition of the Portland
blog! The official start of summer
is on *drumroll* Tuesday, June 21st. The first day of summer is often
referred to as the Summer Solstice and is the longest day of the year with the
most hours of light on one day.
If you're the outdoorsy sort, which we bet you
probably are, you might enjoy the Summer Solstice Celebration hike at
Tryon Creek Park. If you have other plans for the Solstice, we urge you to
check out the Friends of Tryon list of
events - many of which are educational hiking tours through the beautiful
forest teaching common folks like us about owls, bats and various feathered
friends that inhabit our Portland parks and forests.
Last weekend I took a friend and newcomer to PDX
on a hike to
Forest Park and her mind was just blown by how stunning the area is. We
hiked the Lower to Upper Macleay trail and reveled in how the lush green trail,
just minutes away from
Portland, could make you feel so transported- so far away from city
life when in fact, you're smack dab in the city. Forest Park is the largest
urban park in the United States and is one of the most beautiful places I've
Down the road from Forest Park is another one of
my favorites, The Portland Audubon
Society. I heartily recommend a visit- at least one a season- to this
wonderful place. The Audubon Society also offers a slew of
and volunteer opportunities.
Another thing on my mind this summer is food. Growing food,
that is. We are lucky enough to have a small vegetable garden in our N
Portland home and in that garden we grow a wide variety of yummy, healthy foods
and herbs such as kale, many kinds of lettuce, carrots, onions, tomatoes and
zucchini. For herbs, I have nearly every kind of basil known to man, mint, thyme
and rosemary. We also grow three different kinds of hops which we will harvest
and use for our brew in the late summer.
If you're into gardening, Portland is a great place to do it. If
you don't have land, many of these veggies and herbs will grow well in
containers. And, if you have no land at all and no place for containers but
still want to garden, know that we have many
Community Gardens here in Portland where you can join and grow your slice of
1. Portlandia - We are stoked to share that Portlandia has been renewed for a second season starting in
January 2012. Whoop!
2. The LaurelThirst Public House - Part of the
for what seems like ever, the
LaurelThirst steals their name, and glibly we might add, from the
Laurelhurst park and schools in the nearby
neighborhood. The pub offers awesome live
music to a standing room crowd every night. Some of the best local blue grass talent
in Portland plays here and there
is never a door charge. Go. You'll love it.
3. Ping - Did you know that in 2010, GQ
magazine named Ping as #4 of the top ten best new restaurants in the country?
It really is that damn good.
5. The Visiting Portland Guide - The true A-Z of Portland for the
visitor or those new to Portland. From Portland attractions, to parks, to
transportation and more - we've covered it all.
6. Bicycle Boulevards - Learn about the history of the many bicycle
boulevards in Portland.
Concordia University and McMenamins team up with a cool
charity event for you and the kids. Enjoy a Free Family Movie night at The
Kennedy School. The show starts at 6pm and the feature is The Sandlot. Donations
encouraged to benefit the local neighborhood Concordia University & Community
Enjoni Ethiopian -
Absolutely the best Ethiopian food in Portland. Fresh, organic,
incredible tasting food served by wonderful humans who do great deeds for the
community they live and work in. We've taken people to Enjoni who swear they
hate Ethiopian food and they leave 100% converted. What's not to love about
healthy, great tasting food?
9.Henry Hagg Lake & The Million
Dollar Fish - You read that right. There is a fish in Hagg Lake that is
worth $1 million bucks to the wily angler who angles it into his/her net and the
heat is ON to catch it with less than one month remaining in the contest.
Read more and join the fray!
10. Portland Film Makers - Portland- you know, it's where you wait
allllll day for happy hour to start and then you go crawl inside a dark
bar and commiserate. Ha!
The Portland Photo of the Week
The Portland Photo of the Week winner this week is
Pakshi. This photo just screams Oregon!
Our Portland Photo of the Week
winner gets a gift certificate to a local Portland business of our
choosing. Karma will get a $20 gift
certificate to local business, New Seasons Market. New Seasons is a major local
Portland employer and an all around excellent source of local Oregon and
About New Seasons:
proud to say that we buy local soyoucan
buy local, keeping more of the money we spend as a community, right here at
home where it belongs. We buy from farmers, ranchers, creamery co-ops, fishers
and crabbers who are real Oregonians and Washingtonians, local artisan cheese
makers, Willamette Valley vintners, Central Oregon brewers, Portland coffee
roasters, neighborhood artists who handcraft soaps, candles, pottery and
greeting cards. Then we add familiar products to our shelves like Bumblebee Tuna and Best Foods mayo. The result is New Seasons Market.
Easy and fun to shop. Locally owned and operated." http://www.newseasonsmarket.com
Here are the featured Portland events this week focusing
on events happening this weekend or those just around the corner! 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.
June 22, 2011from 6:15pm to
Co-op Grocery The
Alberta Coop's Community Engagement Committee invites all interested community
members and garden enthusiasts to our second annual biking tour of community
gardens in NE Portland. It's a great op…Organized
by Alberta Co-op Community Engagement Committee | Type:bike,tour
June 25, 2011from 11am to 9pm –Oaks
Park The 83rd annual
Scandinavian Midsummer Festival starts at 11 a.m. June 25 at Oaks Park and
*everyone* is invited! Admission is $6 for ages 13 and older, $3 for ages
6-12, free to ages 5 and younger…Organized
by | Type:outdoor,festival
June 18, 2011from 12pm to 6pm –Historic
Kenton Firehouse Come
watch as folks -some artists, some not - create works of art before your very
eyes. $5 gets you in, for viewing, adding your energy, listening to good music,
schmoozing with friends and stranger…Organized
by Buff Medb Neretin, ED, Arts on the Peninsula | Type:public,art,event,fundraiser
June 24, 2011toJune
Park Welcome to the
North American Organic Brewers Festival, where we aim to save the planet, one
beer at a time! The 7th annual event will take place June 24 - 26, 2011 in
Overlook Park in Portland, Ore…Organized
by | Type:beer,festival
June 18, 2011from 9am to 5pm –Sherwood
FOR A GREAT CAUSE! Run, wade and slosh your way through the fastest-growing
adventure race in the country. Enjoy Oregon’s great outdoors in a unique way
by scaling rope walls, swooshing…Organized
by National MS Society, Oregon Chapter | Type:fundraiser,running
June 21, 2011from 7pm to 9pm –Tryon
Creek Park Learn
about the longest day of the year in a fun and active way! This family oriented
evening will include craft activities for families followed by a walk in the
woods as the sun sets on this spec…Organized
by | Type:free,hike
So many people consider moving to Portland Oregon, and with good reason.
You've researched the area and found that you love the close proximity to the
ocean, Mt Hood, St Helens, the seemingly endless acres of forest for hiking,
camping and fishing. Or perhaps you've fallen in love with us after discovering
that we are as green as they come; setting the national bar for bicycle
commuting in lieu of cars, innovators of revolutionary recycling programs,
demanding sustainability and organic meats and produce. Or, you've longed to
move to Portland to join the masses known for being fiercely independent, home
of the nation's largest open air market, jokingly dubbed Beervana for our
seemingly never-ending stream of local Oregon breweries and also one of the best
places in the United States to get a cup of coffee.
We count farmers markets like other cities count Taco Bell, Denny's or
Safeway. We've got a plethora of independent performance theaters and even movie
houses that serve beer and homemade pizza. We'll not sleep until Wal-Mart has
been foiled in their bid to open shop near a lovely river neighborhood. We say
we shop local and we mean it. In fact, you'll find that our Portland
neighborhoods are chock full with the pioneering, innovative strength of
independent artists and businesses, thriving and supporting one another.
You'll be happy to know that moving to Portland Oregon means an easy commute.
We boast a mass transit system that larger cities could only hope for, a small
town feel in a big, but not too big city, restaurants that find fame on the
review pages of New York and Los Angeles esteemed publications and more. What's
not to love? here to help prepare you either for your move to Portland or to
help you settle into your new home. We want to prepare you as much as humanly
possible for a move to our lovely city. Want to start a community garden? You'll
be at home here. Do you love dogs, beer, wine, art and outdoorsy stuff in
general? Take your coat off and stay awhile: I think you're at home already!
What is Portland really like?
Read more here and learn all about the hipsters, the green movement, the
beer, the rain, the coffee and more.
Some of our Most Popular Portland Neighborhoods are:
But, given our nearly 100 urban Portland neighborhoods, everyone has a
different favorite so please do take some time and read about ourPortland
profiles, videos and more!) If you're moving to Portland and want to meet people
or ask questions about how to get started, join our very popularPortland
blog; a real Portland community chock full of chits, chats and Portland
events! We hope this page has been a helpful moving to Portland guide, but join
community forumand ask any
questions you have about Portland--we are happy to help!
June 2011 Portland Oregon Real
Estate Report: What's Happening?
by Ross Seligman
They are a comparison of May 2010 - May 2011 for all of Multnomah County 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 Multnomah County 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 homes sold
in all price ranges in Multnomah County. 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.
To see and/or bookmark a monthly automatic updating chart, click here.
On to the report:
Here is a chart of all homes for sale, pending for sale, and sold in Portland,
Oregon for the last 15 months:
In May 2011, inventory has remained flat with 3139 homes on the market. In May
2011, 566 homes sold and 751 are pending for sale.
Yearly change from May 10 to May 11:
For Sale: 3747 in May 10, 3139 in May 11. Inventory is Down 16.2%
Sold homes: 746 sold in May 10, 566 sold in May 11. Sales are Down 24.1%.
Pending sales: 466 pending for sale in May 10, 751 pending for sale in May 11.
Pending sales are Up 61.2%.
Chart for average price per square footage:
In the past 15 months, the average price per square foot in Portland, Oregon has
been between $128 and $148. In May 2011, the average price per square foot in
Portland was $133.
Yearly change from May
10 to May 11:
Average price per square foot in May 10 was $145. In May 11 it is $133. This
figure has dropped 8.4%.
Days on market and 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 all of Multnomah County, in
all price ranges, a home is taking, on average, 68 days to sell.
The other thing that this chart shows is what percentage of listing price the
home, on average, is selling at. This is a great indicator of pressure on
prices. In May 2011, sellers were getting, on average, 93% of their original
Yearly change from May 10
to May 11:
Average time it takes to sell a home in May 10 was 56 days. In May 11, it is 68
days. A increase of time on market of 21.4%.
The percentage of original listing price that was paid was 95% in May 10 and is
93% in May 11.
Average price for sale vs. average price of sold:
The largest segment of home sales have been in the price range under
$400,000. You can see this reflected in the average price of a home that has
sold. In May 2011, this figure was $271,000.
from May 10
to May 11:
The average price of a home listed in May 10 was $364,000. In May 11,
$351,000. This figure has decreased by 3.6%.
The average price of a home sold in May 10 was $283,000. In May 11 it was
$271,000 This figure has increased 4.2%.
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 May 2011, this figure was 5.5 months based on closed sales.
Portland is currently, on average, a buyer's market.
This does NOT mean that it will take, on average, 5.5 months for your home
to sell. That number was 68 days. It means that, if not a single listing
were to come on the market in Portland from this moment, it would take 5.5
months for all available homes to sell before there would be none left.
from May 2010
to May 2011:
The months of inventory in May 10 was 5 months. In May 11, it is 5.5 months.
This figure has increased by 10.4%.
As I have said before, none of this information matters 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 home,
please request a report for that neighborhood and I am happy to post it on
this blog or send it to you.
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
We hope you enjoy reading our weekly Portland blog.
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