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Portland Blog: This Week in Portland July 17-July 24 2010

Man, Portland in the summer-- does life get better than this?  Blue-bird skies and 83 degrees at 11am. Ahhhh. Love it!  Seriously, if I could have weather like this *every day*, I totally would.  I've been pretty negligent about keeping the garden watered which makes me thankful for the drought tolerant plants I got from Pistils Nursery. The only thing that's really suffered has been my hops and the fuchsia (hummingbird favorite!).  I am so unbelievably stoked on my hops though -- they are three years old now and just huge!  I expect a nice yield and can't wait to become a novice brewer come fall.

The big news in Portland as of late is the official and long awaited opening of Coava Coffee Roasters.  Do a search on Twitter and find out what people are saying about the new coffee hot spot in Portland.  Here's just one:  'You heard @coavacoffee is new best in PDX. Macchiato tastes like melted gold, the shop is gorgeous'  Seriously, if you're a coffee fan -- get over there and experience it for yourself. All coffee is small batch roasted onsite and every cup is made to order. Coava even had their own stainless steel chemex filters engineered and fabricated especially for them. The coffee is out of this world and the space is incredible -- stunning, bamboo everything (counters, walls, fixtures) and nestled in a big, open warehouse space. This shop is definitely pushing coffee to the next level in Portland.

Coava Roasters is located at 1300 SE Main, Portland 97214 Map  -  Open every day 7am - 5pm  Website

The Portland Photo of the Week

This very cool photo, Toketee Falls, wins the Portland Photo of the Week. This sweet pic was snapped by aquaticsquirrel.  Learn more about Toketee Falls here. This is an awesome shot and I'd love to dive right in -- thanks for sharing!

Our weekly Portland photo winner gets a $20 gift certificate to a local Portland business. Its only fitting that this week we show some love, aquaticsquirrel will receive a $20 gift cert to Coava Coffee Roasters.   

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.

Oregon Brewers Festival

On a sun-soaked July afternoon, there's no better place to sip suds with friends than the Oregon Brewers Festival, one of the nation's longest-running and best-loved craft beer festivals. More than 70,000 fans will travel from points around the world to take part in the 23rd annual event, July 22 through July 25 at Tom McCall Waterfront Park in downtown Portland. Event hours are Noon to 9 p.m. Thursday through Saturday, and Noon to 7 p.m. Sunday.

From Ambers to Belgians, Pales to Pilsners and Ryes to Stouts, the Oregon Brewers Festival serves up more than 20 beer styles from 81 craft breweries from around the country. The event also features four days of live music, food booths, craft vendors, and industry displays. The Crater Lake Soda Garden provides complimentary handcrafted root beer to minors and designated drivers. Minors are allowed into the event when accompanied by a parent.

Learn more about the Oregon Brewers Festival


Art Waves Weekly Summer Art Camps


To give the children the knowledge, skills & inspiration to express themselves creatively, to help them grow and expand their minds, and build self-esteem by letting them know that their creative selves have no limits.
To bring art education to children so they may develop all facets of their potential.

Learn more about Summer Art Camps


The Portland Saturday Market

Celebrate Memorial Day at the Portland Saturday Market's new Waterfront Home. With sprawling green lawns surrounding the Market, there is no shortage of picnic space for you, your family and your dog to play in the sun. The Bill Naito Legacy Fountain which is designed for folks of all ages to frolic in the waters adds an element of surprise with the ever-changing water patterns.

Does this make your belly rumble?  Greek, Lebanese, Creole BBQ, Polish, Asian and Thai cuisine, Vegetarian (Nepal and more), Healthy Mexican Pacific Northwest style Chowder, Guatemalan, Hawaiian, East African cuisine and American fare such as burgers, chili fries, pizza and more.

Shop the local vendors, eat some awesome cart food and listen to some great music.

Learn more about the Portland Saturday Market


America's Largest Antique & Collectible Show

Truly the largest Antique & Collectible SHow in the country, the show is an opportunity to stroll through 1400 booths, looking at all the things your mother threw away. Includes vintage clothing, estate jewelry, toys from the 1880's to the 1970's, vintage postcards, tools, period furniture and decorating, vintage lighting, kitchenware, prints, paintings, sterling trinkets, sliver matching, pottery, comics, Pez dispensers, rare books, dolls, linens, toy trains, vintage mens watches, china, glass, and so much more!

View this Portland Event: Antique & Collectible Show


Portland International Beer Festival

PIB is an "over the top" beer festival celebrating the world’s most legendary brewing styles and the nations that made them famous. Come taste over 150 world-class beers from more than 15 countries.

Friday July 16 4pm-10pm
Saturday July 17 12pm-10pm
Sunday July 18 12pm-7pm

View this Portland Event: Portland International Beer Festival


Portland Highland Games

The Portland Highland Games are a fun, family-friendly event featuring Scottish Highland music, dancing, piping and drumming competitions, heavy athletics, and other traditional Scottish cultural activities including beer of course, and even some bangers and mash. The Portland Highland Games is so authentic, you'll think you're in Scotland!

View this Portland Event: Portland Highland Games



Moving to Portland?

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!

Read more on our Moving to Portland page, complete with places to see, locals guides and neighborhood profiles.

New to the site and 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!

Twitter and Facebook Integration

Now you can share your community content postings directly to Twitter and Facebook.  Click the "Twitter" or "Facebook" icons when you post your Portland event, Portland photos, blogs, etc. and post your content directly to Twitter and Facebook at the same time.  Let us know if you have any questions.

July 2010 Portland Oregon Real Estate Report: What's Happening?

By Ross Seligman

They are a comparison of June 2009 - June 2010 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:

Since Portland is a neighborhood city, you can now search by neighborhood such as "Irvington, Alberta, etc.". You can check it out by clicking 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:

After a steep drop in pending sales from April to May, we see a slight rise in pending sales from May to June, while closed sales have dipped slightly.  Over last year at this time, sales have dropped 1.6%.  In June 2010, there were 628 closed sales, 533 pending sales, and 3916 on the market.

Yearly change from June 09 to June 10:

For Sale: 3726 in June 09, 3916 in June 10. Inventory is Up 5.1%

Sold homes: 638 sold in June 09, 628 sold in June 10. Sales are Down 1.6%.

Pending sales: 717 pending for sale in June 09, 534 pending for sale in
June 10. Pending sales are down 25.5%.

Chart for average price per square footage:


Since February, there has been a steady increase in average price per square foot.  In the past 15 months, the average price per square foot in Portland, Oregon has been between $136 and $151. In June 2010, the average price per square foot in Portland was $148.

Yearly change from June 09 to June 10:

Average price per square foot in June 09 was $151. In June 10 it is $148. This figure has dropped 2.2%.

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, 57 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 June 2010, sellers were getting, on average, 95% of their original asking price.

Yearly change from June 09 to June 10:

Average time it takes to sell a home in June 09 was 64 days. In June 10, it is 57 days. A decrease of time on market of 10.9% The market has improved for sellers. 

The percentage of original listing price that was paid was 93% in June 09 and is 95% in June 10.

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 June 2010, this figure was $297,000.

Yearly change from June 09 to June 10:

The average price of a home listed in June 09 was $392,000. In June 10, $368,000. This figure has decreased by 6.1%.

The average price of a home sold in June 09 was $297,000. In June 10 it was $297,000 This figure has not changed.

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 June 2010, this figure was 6.2 months based on closed sales. Portland is currently, on average, a buyer's market.

This does NOT mean that it will take, on average, 6.2 months for your home to sell. That number was 57 days, remember? It means that, if not a single listing were to come on the market in Multnomah County from this moment, it would take 6.2 months for all available homes to sell before there would be nothing left.

Yearly change from June 09 to June 10:

The months of inventory in June 09 was 5.8 months. In June 10, it is 6.2 months. This figure has increased by 6.8%. This is a great indicator of the state of the market.

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 people, 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 my website where you can contact me and search all Portland Metro Area listings from the RMLS:


Best Real Estate Deals in Portland

Every week, Ross shares with us a selection of the best real estate deals in Portland.  Check out the full list of best deals.

2373 NW PETTYGROVE ST Portland, OR 97210   - NW District  - $998,000

Portland Oregon Homes

See the listing here:

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!

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