Happy Labor Day weekend! Summer isn't over yet, Portland, in
spite of those cool mornings and
evenings we have enjoyed this week. There are still
late summer Portland events to enjoy this week. Head to the
Fair which runs through the 5th, or if you'd like to stay in town for a
Portland staycation this weekend, then visit the Pearl District.
Art in the Pearl is this weekend!
The Portland Saturday Market will have a visit from the Cooking Channel
this weekend, too. And, let's not forget one of the most
anticipated events of the season which kicks off late this
week: MusicFestNW! I had the pleasure of attending
event last year,
and I am super excited to check out all the bands at this year's
festival. You can get a wristband for entry to all shows, or
purchase individual tickets for shows at MusicFestNW.com.
The eleventh annual
MusicfestNW is coming back to Portland, Oregon September 7th -
September 11th. This year Portland's
largest and most successful music
festival is at it bigger
than ever featuring three nights of concerts at Pioneer Courthouse
Square in addition to shows at 18 of the city's most venerable music
venues. Produced by Willamette Week, MFNW
teams up with music professionals from the local, regional and national
music scene to curate this multi-venue festival featuring bands from indie,
Sunday, September 4, 2011, we will be making schedule and/or route
changes to relieve passenger crowding, to provide more reliable
service, or to match service with ridership levels. There will be new
schedules on 24 bus lines and MAX Blue Line.
MAX Blue Line
To relieve crowding,
be a trip added traveling to Hatfield Government Center leaving Ruby
Junction/E 197th Ave at 3:41 p.m. There will also be a trip added
traveling to Cleveland Ave leaving Hatfield Government Center at 5:42
the preview schedule
To relieve crowding,
be a trip added traveling to SW 6th & W Burnside leaving
Gresham Transit Center at 8:42 a.m. Scheduled times will change up to 9
minutes on weekdays and Sundays and will change up to 11 minutes on
the preview schedule
To relieve crowding,
be a trip added traveling to SW 6th & Alder leaving US Veterans
Hospital at 2:28 p.m. Scheduled times will change up to 4 minutes on
weekdays and less than 3 minutes on Saturdays and Sundays. View
the preview schedule
WWEEK MusicFest NW -
Portland's Biggest Annual Music Fest - music all over Portland at
multiple venues, Sept 7-11. Get a wristband for all
shows, or purchase tickets for individual shows. http://www.musicfestnw.com
Art in the Pearl -
Annual Pearl District Art show and sale. Visit http://artinthepearl.com/
Art In The Pearl®, the annual arts festival, occurs every year
on Labor Day weekend. Our 15th annual festival will be held this coming
September 3th to September 5th, 2011 and hopes to be one of our best
ever. Our festival fills the Northwest Portland Park blocks with art,
theater, music, and hands-on activities for people of all ages.
Pearl District Sidewalk Sale
- up to 80% off at several Portland Pearl District Shops, Labor Day
Portland Poetry Slam -
Sunday Sept 4th, Sunday, September 4. 7:30pm. $5.00 - PORTLAND
Portland's most punk rawk literary show extravaganza pitting 8 poets
against each other for $50 and the chance to represent PDX poetry to
it's finest. all ages $5 suggested donation, sign up @ 7:30
Guardian Games - http://ggportland.com/
"Celebrating it's fifth year in Portland's gaming community, Guardian
Games is Portland's grandest game store.
With 14,000+ game items in stock everyday, if we don't have what you're
looking for, let us endeavor to find it. From the latest &
greatest, to the nostalgic & ancient; we love games and the
people that play them! Our goal is to bring the community together.
Guardian's monthly calendar is jam packed with recurring and special
events to fit every gamers needs. You name it, we play it! Finding us
is half the adventure, we provide the rest!
8) The Basement Pub 10th
Anniversary Party - Labor
Day Weekend is our 10 year anniversary!!
celebrate with us.
Since 2001 the Basement Pub has been Southeast
Portland's favorite neighborhood pub and gathering place. Check out our
Wall for events and
CHAP invites the world to an art and food filled weekend to honor
Austin Winters and Luke Jensen, creators of Bacon Boy and Sinister
Sauce. Both of these young boys bravely battled Leukemia till
the end of their short but brilliant lives. Please come and
help us celebrate their lives through the art they created.
WHEN.....Labor Day Weekend,
WHERE....KitchenCru parking lot on the corner of Flanders and NW 8th
Ave, WHY........Because CHAP has the only Bacon Bar on the planet,
EUGENE – The University of Oregon will open the 2011 football
season Sept. 3 vs. LSU in a nationally-televised match-up to be played
in Cowboys Stadium in Arlington, Texas, according to an announcement
Tuesday by the two schools, Cowboys Stadium and ESPN, Inc.
The contest will represent the Ducks’ fourth meeting with the
Tigers and their first since 1977, as well as Oregon’s first
regular-season neutral-site contest since the 1985 season (USC in
Tokyo). Oregon won the first meeting between the two schools in 1932,
12-0, but has lost its last two confrontations in 1934 (14-13) and 1977
The game is scheduled to be televised by either ESPN, ESPN2 or ABC.
The Portland photo winner
this week is by Fasai
who shared this stunning image of ZigZag Falls waterfall.
sharing all of the great images on the site each week! Got a
great photo of Portland to share? Come upload it!
Falls, by Fasai
Photo of the Week
winner gets a gift certificate to a local Portland business of our
choosing. Fasai will get a $20 gift certificate to local
business, Powells Books.
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 here.
Just click "Add an Event" and fill in the details.
26, 2011 at 6pm to September
5, 2011 at 7pm – Salem,
more than 9,000 things to Do, See and Taste, the 2011 Oregon State Fair
(August 26 - September 5) is going to be Too Big to Miss! This is THE
BIG event in Oregon (380,000+ attended last…Organized
by | Type: fair
27, 2011 to September
5, 2011 – CanbyA must see for the dahlia lover,
if you just love flowers. View over 400 floral arrangements of dahlias
in our two indoor display rooms. These displays vary in size from
teacup to floor to ceiling…Organized
by | Type: flower,
3, 2011 at 8pm to October
1, 2011 at 9pm – "Theater
- Portland Sketch Comedy, Fridays and Saturdays through Oct
1st. Theater! Theatre!, 3430 SE Belmont
Described as "Scream-with-surprise, rock-out-of-your-seat-with-laughter
by SWEAT | Type: sweat
6, 2011 from 9pm to 11pm
Dundiggy; Someday Lounge, 125 NW 5th, 9 pm, $3 (FREE to spellers)
Party people, and all of those orthographically-inclined who enjoy a
drink or two, witness the first AMAZING STUMPTOWN SPELLING…Organized
by Stumptown Spelling Bee | Type: stumptown
Neighborhood - Portland
Real Estate Market
Hills Portland Neighborhood Real Estate Report by
The Southwest Hills
neighborhood is located in what is popularly known as the "West Hills"
in Portland. The hilly terrain and lush nature parks in this area
create stunning views from many of the homes. Depending on which area
you are in, you may have a panoramic view of downtown Portland, and on
a clear day it is possible to see Mt. Hood, Mt. Adams, and Mt. Saint
Helens in the distance. To learn more, click
Are you keeping an eye on Southwest Hills or is it your
neighborhood? Check out this
link for a monthly
updating real estate chart for this neighborhood.
In my monthly Portland
real estate report, I always talk about how each individual
neighborhood is a micro-market. If you are looking to buy or sell in a
particular neighborhood, the most crucial information that you need to
know is what is going on in that neighborhood. In this situation, the
overall Portland market report is less important and the national real
estate report is just about useless. This posting is a real estate
report for the Southwest Hills neighborhood of all homes in all price
ranges. Feel free to request particular neighborhoods in which you are
interested in buying or selling and I am be happy to do a report, just
contact me on this forum or at http://www.propertiesofportland.com.
If you are looking for homes in the Southwest Hills neighborhood, visit
this link where you can search for homes by particular
The first thing you will notice about individual neighborhoods as
compared to the overall Portland reports are that the numbers can be
wildly different month to month. Basically, the bigger the pool of data
you are working with, the smoother the stats become. As we focus on
smaller areas, many different things can happen month to month.
On to the report:
Here is the overall chart of inventory, sold, and pending for the
Southwest Hills neighborhood in the last 15 months:
In July 2011, there were 8 closed sales, 6 pending sales, and 47 homes
on the market in the Southwest Hills Neighborhood.
One year change from July 2010 to July 2011:
Inventory (how many homes on the market for sale): Down 17.5%
Homes sold: Up 60%
Homes pending sale: Up 100%
for average price per square footage:
In the past 15 months,
the average price per square footage in the Southwest Hills
neighborhood has been between $153 and $253/sq. ft. In July 2011, the
average price per square foot in the Southwest Hills neighborhood was
year change fromJuly2010
Change in Price Per Square Foot:
July 2010: 192
July 2011: 195
Percentage Change: Up 1.6%
Days on Market, Sold/List
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 July 2011, the average time on market
for a home in the Southwest Hills neighborhood was 78 days.
The second thing that this chart is showing you is what percentage of
the listing price the owners actually are getting when the house is
sold. This is a great indication of the pressure on
prices. In July 2011, sellers in Southwest Hills received, on
average, 90% of their original listing price.
More stats for you:
Change from July 2010 to July 2011:
Time on Market: Up 77.3%
Sold/List price % difference: Up 1%
Average price for sale
vs. average price of sold:
This chart shows us what
the average listing was and what the average sale was. In
July 2011, the average price of a house on the market in
Southwest Hills was $955,000. The average sale was $557,000.
More stats over one year:
Average active price: Up 3.8%
Average sold price: Down 4.5%
Months of Inventory:
Months of inventory gives a time line of how long it would take for all
of the current listings to sell. Anything above 4 months is
considered a buyers market. This figure is a good indicator
of supply and demand. July 2011 in the Southwest
Hills neighborhood had 5.9 months of inventory.
By the way, this does NOT mean that it will take 5.9 months for your
home to sell. That figure was, on average in July, 78 days.
Inventory is a figure that means that, if not another home
were to come on the market in Southwest Hills from this point forward,
in 5.9 months there would not be another home to sell. They
would all be sold.
Visit my website
where you can contact me and search all Portland Metro Area real estate
and homes for sale from the RMLS, including school and neighborhood
reports at : http://www.propertiesofportland.com
hope you enjoy reading our weekly
Portland blog. Want to
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