Blue skies and sun-sun-sun is the Portland
weather forecast for the next week. Hurray!
We are a little over a month into summer and
Portland is in bloom. My Fleur de Lawn (herbaceous flowers and grasses) are
doing great and the front and back native gardens are looking divine. The
hops are crazy as always and my late-in-season planted tomatoes have produced
just a few flowers, hinting we might have a teeny harvest after all. The old
Bassets lay by the garage, somehow finding a few feet not covered by planters
and sprawling hops, and enjoy a mid-afternoon bake in the summer sun. I love
Portland this time of year.
One of the other things I love about Portland is
the people and how they work so hard to create thriving communities all over the
urban Portland neighborhoods. Areas that just ten years ago were "off limits"
boom and thrive...creating their own micro-economy and in many cases,
self-sustaining services for the locals who live there.
experienced a great deal of growth in the last many years. Restaurants, cafes
and bars have opened up and the street is poppin'. Check out a few recent photos
taken on a trip into the neighborhood.
Woodlawn Street Art
The Woodlawn Coffee and Pastry
Woodlawn's Breakside Brewery
Woodlawn's Good Neighbor Pizza
This Week's Top Ten in Portland
1. Kelly Point Park - A great place to
hang out on the beaches of the Willamette and the Columbia Rivers.
2. Sauvie's Island- A wonderful weekender spot for camping, fishing,
boating or beach bummin'. Don't forget your parking pass!
3. First Thursday - The First Thursday of August
is just around the corner!
Don't miss the
Pearl District's "First Thursdays" monthly gallery hop event. Most galleries
and in the Pearl participate in the monthly event, and are open from 6-9pm
(individual gallery times may vary). Admission is free! Here is a handyPearl
District Walking Mapfrom theShop
the Pearl website.
6. BARISTA - Our friends at
Alberta Street are victims of a recent fire (caused by fireworks) that has
closed down the cafe. They are now operating out of a donated coffee cart in
front of their building as it is being renovated. Go give them some love!!
Oregon Brewers Festival -
Celebrating 24 years of Oregon Beer!! The OBF is going on NOW and throughout the
weekend! Go...drink...beer!...and take
8. Free TriMet apps for your smart phones - A slew of free applications
have been created and are ready for your use. Check fares, schedules, up to date
arrival times, transit mapping and more!
9.Portland Saturday Market -
Summer is the best time to go enjoy lunch and some people watching at the
Portland Saturday Market. It's open on Sunday's, too. Great foods from all
over the world and live music every weekend!
10. Things to See and Do in Portland
The Portland Photo of the Week
The Portland Photo of the Week
winner this week is
Michael has a great
series of Portland photos focusing on the Oregon Historical Society (an
awesome local society now free to locals) and on the Smith & Bybee Wetlands.
Thank you, Michael, for letting us see through your lens!
Our Portland Photo of the Week
winner gets a gift certificate to a local Portland business of our choosing. Michael will get a $20 gift
certificate to local business, Powells Bookstore.
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)
Learn all about Powells Bookstore.
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 for free (pleased read our terms of service first).
Just click "Add an
Event" and fill in the details.
July 6, 2011at 5pm toAugust
31, 2011at 7pm –Downtown
Portland Center for the Performing Arts/ ArtBar presents Music on Main Street -
Free Every Wed through August July 6: The Stolen Sweets Main Street between
Broadway & Park Ave. Wednesday, July 6t…Organized
by Music on Main Street | Type:
July 24, 2011at 1pm toAugust
31, 2011at 4pm –Alpenrose
Dairy Alpenrose Dairy,
Oregon's oldest family-owned dairy, is re-opening Dairyville once again for all
to come and experience. This is a Portland tradition that has been enjoyed by
many kids and adults ali…Organized
July 29, 2011from 7pm to 10pm –Oregon
Zoo With the ability
to croon ballads and dig deep to sing infectious rock'n'roll Chris Issak will be
charming us at the Zoo. Performing Friday July 29, 7pm. Tickets are $39. On sale
now at the Oregon Zo…Organized
by Oregon Zoo | Type:concert
July 30, 2011from 10am to 4pm –Terminal
2 Come join in the fun
at THE most family-friendly, fun-filled day of adventure on the river this
summer! Seaport Celebration, presented by Gunderson, will take you inside the
fences of an active marin…Organized
August 6, 2011from 10am to
Authentic Swiss Band – Dance – Food – Raffle - WRESTLING! Park Opens @ 10am
Wrestling @ 11am-5pm Swiss Food & Music throughout the day Free Dance Lessons @
5:30pm Dinner @ 5:30pm | $12 LIVE Swi…Organized
by JoAnne Odermott | Type:festival
Looking for something else? We have a ton of other
local Portland events
on the calendar. Please feel free to add your own as well.
Downtown Portland, Oregon
Visiting Portland - The Oregon Coast
Visit the Oregon Coast- The
Oregon coastline spans over 350 miles of raw, uninhibited coastal beauty. The
coastline has a rich and storied history and is well known for a prolificseafood
industry, the controversial and defining logging industry and last but not
least, the expedition of Lewis and Clark in the early 1800's. The Oregon
coastline is one of the most visited parts of Oregon where many small coastal
towns survive off of fishing and tourist economies. If you find yourself in
Portland, a visit to the Oregon coast is as close as an hour's drive away - a
straight shot up the old coastal highway 26. As you drive, enjoy the changing
scenery from big city to small farming towns to miles and miles of forest. Stop
at one of the many farmers markets along the way for local fruits and snacks and
continue your journey into one of the many beloved coastal towns and enjoy the
food, drink and the amazing sights.
July 2011 Portland Oregon Real
Estate Report: What's Happening?
by Ross Seligman
They are a comparison of June 2010 - June 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.
Here is a chart of all homes for sale, pending for sale, and sold in Portland,
Oregon for the last 15 months:
In June 2011, inventory has remained flat with 3187 homes on the market. In
June 2011, 597 homes sold and 681 are pending for sale.
Yearly change from June 10 to June 11:
For Sale: 3916 in June 10, 3187 in June 11. Inventory is Down 18.6%
Sold homes: 681 sold in June 10, 597 sold in June 11. Sales are Down 12.3%.
Pending sales: 498 pending for sale in June 10, 681 pending for sale in June 11.
Pending sales are Up 36.7%.
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 June 2011, the average price per square foot in
Portland was $137.
from June 10 to June 11:
Average price per square foot in June 10 was $148. In June 11 it is $137. This
figure has dropped 7.1%.
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, 72 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 2011, sellers were getting, on average, 92% of their original
from June 10
to June 11:
Average time it takes to sell a home in June 10 was 58 days. In June 11, it is
72 days. A increase of time on market of 24.1%.
The percentage of original listing price that was paid was 95% in June 10 and
is 92% in June 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 June 2011, this figure was $286,000.
from June 10
to June 11:
The average price of a home listed in June 10 was $368,000. In June 11,
$364,000. This figure has decreased by 1.1%.
The average price of a home sold in June 10 was $296,000. In June 11 it was
$286,000 This figure has increased 3.4%.
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 2011, this figure was 5.3 months based on closed sales.
Portland is currently, on average, a buyer's market.
This does NOT mean that it will take, on average, 5.3 months for your home
to sell. That number was, on average in all price ranges, 72 days. It
means that, if not a single listing were to come on the market in Portland
from this moment, it would take 5.3 months for all available homes to sell
before there would be none left.
from June 10
to June 11:
The months of inventory in June 10 was 5.8 months. In June 11, it is 5.3
months. This figure has decreased by 7.2%
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
But, given our nearly 100 urban Portland neighborhoods, everyone has a
different favorite so please do take some time and read about our
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!
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