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This Week in Portland August 13 - August 20 2011

Welcome to another Portland blog and what promises to be a beautiful weekend in Portland, Oregon. August is 'high summer' in Portland and if you're new around here, we urge you to enjoy the outdoor beauty of Oregon. Here are just a few -mostly free- ideas to consider:

Multnomah Falls - http://web.oregon.com/hiking/multnomah_falls.cfm

The beautiful Oregon coast - http://www.portlandneighborhood.com/visit-the-oregon-coast.html

Willamette or the Columbia River -http://geology.com/lakes-rivers-water/oregon.shtml

Hiking in any one of our awesome national forests - http://www.nps.gov/state/or/index.htm

Hanging out in one of our awesome urban parks like Laurelhurst - http://www.portlandonline.com/parks/finder/

Smith & Bybee Wetlands- http://en.wikipedia.org/wiki/Smith_and_Bybee_Wetlands_Natural_Area

 

Annual PROPER Festival - 12-4pm AUG 27, Kenton Park

 

This Week's Top Ten in Portland

Continuing our theme of "getting out and experiencing Portland", our top ten this week is a tour of Portland courtesy of PortlandNeighborhood's Local Guides to Portland. Enjoy!

Walk run bike blade bus car scoot

Welcome to Portland Oregon

1. Eat your heart out!  There is no better time of year than now to love on the Portland Food Carts. Here is our guide to eating at the carts. Mmmmm....carts!  http://www.portlandneighborhood.com/portland-food-carts.html

2. The Moving to Portland Guide - Everything you wanted to know about the weather, the hipsters, the coffee, the beer and more! http://www.portlandneighborhood.com/moving-to-portland-oregon.html

3. Portland Arts -- Galleries, museums, performing arts, the rotating art walks....http://www.portlandneighborhood.com/portland-arts.html

4.  The best restaurants in Portland sorted by neighborhood: http://www.portlandneighborhood.com/best-portland-restaurants.html

5.  The Neighborhood Guides - A comprehensive urban guide to PDX where each neighborhood has its own page and profile. http://www.portlandneighborhood.com/portland-neighborhoods.html

6. The Visiting PDX Guide - The guide you simply must read if you are visiting Portland for even so little as an hour or a day...http://www.portlandneighborhood.com/visiting-portland-oregon.html

7.  The Portland Sports Guide -- A rundown of all sports we have on offer; http://www.portlandneighborhood.com/portland-sports.html

8.  The Portland Fitness Guide - If you want to get buff on a trail, in a pool, playing bocce ball or most anything indoor or outdoor well, we have a list for you!  http://www.portlandneighborhood.com/portland-fitness.html

9. The Portland Schools Guide - For all ages and pursuits, the PDX educational guide. http://www.portlandneighborhood.com/portland-oregon-schools.html

10. The Portland Transportation Guide - By bicycle, train, your car/a rentacar/a zipcar, bus or even horse...we have that guide, too: http://www.portlandneighborhood.com/portland-transportation.html

 

The Portland Photo of the Week

The Portland Photo of the Week winner this week is by Gerry Villani with his photo of the now defunct -but ever-famous- Hung Far Low in downtown Portland's very urban neighborhood of Oldtown Chinatown.

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Our Portland Photo of the Week winner gets a gift certificate to a local Portland business of our choosing. Gerry 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 even arrange 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.

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! 

 

coava coffee roasters

 

Featured Portland Events

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.

 

 

Top Down Movies at Hotel DeLuxe - Outdoor Movies

August 6, 2011 at 8pm to August 20, 2011 at 11pm –"Hotel DeLuxe" Movies on the Roof at Hotel DeLuxe Join us on the panoramic parking rooftop at the Hotel deLuxe, SW 15th at Yamhill, for some warm starry nights filled with entertaining films, culinary treats, a litOrganized by NWFilm Center and Hotel DeLuxe | Type:

 

 

 

Music on Main Street

July 6, 2011 at 5pm to August 31, 2011 at 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 6tOrganized by Music on Main Street | Type: 

 

SW Arts On Main!

July 13, 2011 at 10am to August 31, 2011 at 2pm –Portland Center For The Performing Arts Summer Arts on Main - 10 Week Series Summer Arts on Main Date(s): Wednesdays, June 29 -August 31, 2011 Time(s): 10am to 2pm   Portland Center for the Performing Arts (PCPA) 1111 SW Broadway PortlanOrganized by Handmade NW | Type: art, festival

 

 

The Allure of the Automobile

June 11, 2011 at 10am to September 11, 2011 at 5pm – Portland Art Museum The Allure of the Automobile will bring 16 of the world’s most luxurious, rare, and brilliantly conceived automobiles to the galleries of the Museum. From the avant-garde 1937 Hispano-Suiza owned byOrganized by Portland Art Museum | Type: art, exhibition

 

 

 

Best of Portland Walking Tour

June 11, 2011 at 10am to October 30, 2011 at 12pm –Portland Downtown Hilton Experience Portland the green and eco-friendly way. This award-winning walk clarifies why Portland is regularly recognized as one of the best places to live.   You’ll hear about early and modern PortOrganized by Portland Walking Tours | Type: tour

 

 

 

Contemporary Northwest Art Awards Exhibition

June 15, 2011 at 10am to September 11, 2011 at 5pm – Portland Art Museum Come explore the artwork by seven exceptional Northwest artists at the second Contemporary Northwest Art Awards. The exhibition explores the work of Chris Antemann, John Buck, John Grade, Jerry IversOrganized by Portland Art Museum | Type: art, exhibition

 

 

 

OMSI Game On 2.0

July 2, 2011 to September 18, 2011  OMSIOn View July 2 - September 18, 2011   http://omsi.edu/game-on   Play your way through the past, present, and future of global gaming. From Pong to Gran Turismo, Game On 2.0 is a hands-on experienceOrganized by OMSI | Type: omsi

 

 

 

Wednesdays Portland Farmers Market

July 2, 2011 at 10am to October 26, 2011 at 2pm –Downtown Dates Wednesdays, May 4th through October 26th Times 10:00 a.m. – 2:00 p.m. Location The Wednesday Downtown Market is located in the South Park Blocks at Shemanski Park between SW Salmon & SWOrganized by Portland Farmers Market | Type: portland farmers marketYou have not responded.

 

 

 

Noon Tunes

July 5, 2011 at 12pm to August 18, 2011 at 1pm –"Pioneer Courthouse Square" Each Tuesday and Thursday this summer, Noon Tunes through August 18   http://www.pioneercourthousesquare.org/calendar.shtm    Noon Tunes Co-Presented by Muve Music & KINK.fm | 12:00pm - 1:00pm FoOrganized by Pioneer Courthouse Square | Type: portland live music



Free Movies in the Park is in full swing! Check out the 2011 Movie in the Park Summer Schedule and head out for a night in the park with friends and family.

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.

 

Need I say more?

Need I Say More? By Ruth Ann Reynolds

 

Live Music in Portland

Live music in Portland - There is no shortage of live entertainment and music in Portland to please everyone's taste and style.  Whether it's live Portland blues music, to punk rock bands in Portland, there are concerts and bands playing all over town.  Portland music venues range from small hole-in-the-wall dive bars, to grand concert arenas.  The live music Portland scene is going strong in a city that celebrates individuality, creativity, and self expression.   Find the best Portland live music using our handy guide.

Mississippi Pizza Pub, live music, Supervisor

Supervisor at the Mississippi Pizza Pub

 

August 2011 Portland Oregon Real Estate Report

by Ross Seligman

They are a comparison of July 2010 - July 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 July 2011, inventory has remained flat with 3205 homes on the market.   In July 2011, 602 homes sold and 606 are pending for sale.  

Yearly change from July 10 to July 11:

For Sale: 4073 in July 10, 3205 in July 11. Inventory is Down 21.3%

Sold homes: 499 sold in July 10, 602 sold in July 11.  Sales are Up 20.6%.

Pending sales: 488 pending for sale in July 10, 606 pending for sale in July 11. Pending sales are Up 24.2%.

 

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 July 2011, the average price per square foot in Portland was $136.

Yearly change from July 10 to July 11:

Average price per square foot in July 10 was $144. In July 11 it is $136. This figure has dropped 5.3%.

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, 71 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 July 2011, sellers were getting, on average, 93% of their original asking price.

Yearly change from July 10 to July 11:

Average time it takes to sell a home in July 10 was 55 days. In July 11, it is 71 days.  A increase of time on market of 29.1%. 

The percentage of original listing price that was paid was 94% in July 10  and is 93% in July 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 July 2011, this figure was $278,000.


Yearly change from July 10 to July 11:

The average price of a home listed in July 10 was $365,000. In July 11, $365,000. This figure has remained the same.

The average price of a home sold in July 10 was $295,000. In July 11 it was $278,000 This figure has decreased 5.8%.

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 July 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, 71 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.

Yearly change from July 10 to July 11:

The months of inventory in July 10 was 8.2 months. In July 11, it is 5.3 months. This figure has decreased by 34.8%

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 discuss.

 

Read the original post: http://community.portlandneighborhood.com/forum/topics/july-2011-portland-oregon-real-estate-report-what-s-happening

 

 

P8100008

 

Food Cart in PDX - Gerry Vilanni - Learn more about Portland Food Carts

Homes for sale in Portland

 

1301 SE 50TH AVE Portland, OR 97215 - North Tabor - $319,900

See the full listing here

 

815 SE TENINO ST Portland, OR 97202 - Sellwood - $249,000

 

See the full listing here
 

 

 

Most Popular Portland Neighborhoods

The Pearl District, Irvington, Piedmont, Boise, Alberta Arts, Sellwood, Hawthorne, Nob Hill and Belmont

But, given our nearly 100 urban Portland neighborhoods, everyone has a different favorite so please do take some time and read about our Portland Neighborhoods (neighborhood 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 popular Portland 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 our Portland community forum and ask any questions you have about Portland--we are happy to help!

Learn more about Moving to Portland and find Visiting Portland complete with dozens of places to see and things to do to suit nearly every interest.

Looking for great food in your neighborhood? Here is our locals guide to the best restaurants in PDX, listed by neighborhood.

 

That's It!

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! 

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