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:
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 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.
August 6, 2011at 8pm toAugust
20, 2011at 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 lit…Organized
by NWFilm Center and Hotel DeLuxe | Type:
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:
June 11, 2011at 10am toOctober
30, 2011at 12pm –Portland
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 Port…Organized
by Portland Walking Tours | Type:tour
July 2, 2011toSeptember
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 experience…Organized
by OMSI | Type:omsi
July 2, 2011at 10am toOctober
26, 2011at 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 & SW…Organized
by Portland Farmers Market | Type:portland
have not responded.
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
the Mississippi Pizza Pub
August 2011 Portland Oregon Real
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
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.
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 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.
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
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
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questions you have about Portland--we are happy to help!
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