edition of our weekly Portland blog! We
got a taste of cooler Portland weather this week, and many of you
it, while others dread the return of the long winter.
must admit the cooler temps felt pretty good after that hot spell we
had last week. If you'd like to get out and enjoy the weather
today, definitely check out this biking event from the City of Portland:
Portland By Cycle Ride - September 17 Autumn Adventure
Location - Wilshire Park, NE 35th PL and Skidmore
Saturday, September 17 2011 @ 10:00 AM - 1:00 PM
Celebrate the cooler weather on a 25
mile ride crossing I-5 and I-205.
and lights recommended. No registration required.
First, I want to
Portland Walking Group's new members: Paula, Fatoumata and Roberta.
Please use our group to ask questions and share your thoughts and
experiences about walking in the Portland metro region.
And thanks to Paula,
learned that Metro and Kaiser Permanente recently released a new
iPhone app that you can download for free.
Yesterday on my walks to and from work, I checked out the Portland
Irvington Neighborhood loop tour, which is one of the ten walks
currently supported by the app. What fun!
Earlier this week, I
received my September issue of Portland
Afoot newsmagazine. I enjoyed
reading the article, Warden of the West, which profiled Don Baack, a SW
Portland trails advocate. See "Six
tips for urban
trail building" to learn more
about Don's work. If you do not receive Portland Afoot but would like
to, please see my earlier post on how you might be able to obtain a
I was on my lunch break Downtown when I happened to stroll through
"Electric Avenue", a block
long stretch next to PSU that
features electric vehicle charging/parking stations. You pay
to park your electric vehicle, but the charging is free. What a cool
I stopped and talked to the owner of
who was charging a classic red Volkswagen Beetle,
all electrified, of course (now called a "Volt"wagen Super Beetle).
I'll bet you didn't know you could drive a cool car like this
one for a mere $16K! He does electric car conversions of all
types, and is currently converting a Porsche. This is
awesome! Those of you who can't afford a new Prius, or want a
classic car should be delighted.
AUGUST 16, 2011
Electric Avenue is a research project that allows electric vehicle (EV)
and electric bicycle owners to park and charge up. It’s a
collaboration of Portland State University (PSU), Portland General
Electric (PGE), and the City of Portland that showcases EVs, charging
technology, and urban design through collaboration.
Powered by PGE renewable
energy, Electric Avenue is the next step in Oregon’s efforts
to offer more transportation options that include: light rail trains,
electric street cars, an electric aerial tram, and a network of EV
charging stations throughout Portland and the Willamette Valley.
You pay to park, but the
charging is free! The eight parking spaces offer charging stations from
different manufacturers including: a DC quick charger capable of
charging most EVs in 20-30 minutes, Level 2 (240-volt outlet) that can
fully charge in 4-6 hours, Level 1 (120-volt outlet) that can fully
charge in 12 hours, and two more outlets for electric bikes.
PSU, PGE, Oregon
Research and Education Consortium (OTREC), City of Portland, and Oregon
Department of Transportation will use this project to research the
roles of EVs and charging stations in the region.
CHARGING PARTNERS INCLUDE:
Eaton, ECOtality, General
Electric, Northwrite Inc., OpConnect, Shorepower, and SPX.
Better Business Bureau
Business of the Year
The Oregon Better
Bureau is asking, "How does your business impact the community?" Tell
the Oregon BBB for a chance to become BBB's next Business of the Year.
Question. One Answer. One Business of the Year.
Business of the Year Torch Awards honor
companies that demonstrate excellence in the marketplace. In 2012, one
company in each state-Alaska, Oregon and Western Washington-will be
chosen as BBB's Business of the Year for making a positive impact in
If you are a consumer seeking to nominate a company, please fill out
our nomination form.
The deadline to submit your application is December 31,
2011. The winner of the Oregon Business of the Year will be
announced in February 2012.
Week's Top Ten in Portland
Portland Top Ten list features ten local places that you might enjoy
visiting in Portland each week.
PICA TBA Festival Continues through this Weekend
annual Time-Based Art Festival (TBA) draws artists from across the
country and around the globe for a convergence of contemporary
performance and visual art in Portland, Oregon. Now in its ninth year,
the TBA Festival is presented September 8-18, 2011, with visual art
exhibits running through October. TBA activates the entire community
with art and ideas. For early artist details, visit picaresourceroom.org
and stay posted for more information.
Portland Japanese Garden -
This is a great time of year to
visit the garden and enjoy the serene beauty. Visit http://japanesegarden.com/
Columbia River Gorge
- Ruth Ann shared some lovely photos
of the gorge this week, reminding me that it has been too long since I
visited. Visit the Columbia River Gorge Visitor's
Association at http://www.crgva.org/
TODAY - HUB Biketobeer Fest.
BiKETOBEERFEST, the world’s
only bike-in Oktoberfest party featuring bikes, bands and beer returns
to Hopworks Urban Brewery on September 17. The event benefits the
Bicycle Transportation Alliance and Sunday Parkways and features 15
local, organic Hopworks beers; live music; entertainment and games for
children; bike building demonstrations; BMX stunt riders and the famous
“Huffy Huck” bike toss competition.
BiKETOBEERFEST is held in
back parking lot of Hopworks Urban Brewery, 2944 SE Powell Blvd. from
Noon to 10 pm. More info can be found at www.BiKETOBEERFEST.com.
The most northerly of all
the Lompocs, the 5th Quadrant (or 5Q as it is commonly known) is also
surprisingly the warmest of all the Lompocs, a benefit not lost on the
bald-headed patrons who frequent the establishment. Now they
have a great tasting room, open from 11am - 1am.
7. Miho Izakaya celebrates
2 year anniversary! 4057 N. Interstate. Visit MIHO for a
special dinner all day this Sunday. Visit http://mihopdx.com/
Miracle Theatre Group - Be
Careful, the Sharks Will Eat You!
This event is part of LA
NUEVA, the third annual festival of Hispanic arts and culture from
around the world celebrating Hispanic Heritage Month. Like the new moon
rising from the shadows, “La Luna Nueva” shines its
light on emerging artists and new work across a variety of disciplines.
Join us for spirited flamenco, inventive hip hop, Latin jazz, a one-man
show from New York, storytelling for families, open mic nights, staged
readings of plays under consideration for future production as well as
two visual art exhibits. Visit www.milagro.org
for our full festival calendar.
Swifts at Chapman School.
They're back! Every night through September, come
watch this startling scene as the sky fills with thousands of tiny
little birds...that then disappear into the chimney. Visit
the Audubon Society SwiftWatch http://audubonportland.org/local-birding/swiftwatch
The Portland Photo of
Portland Photo of the Week
winner this week is by Ruth
Ann Reynolds who made a trip to
to get some waterfall
photos. Thanks for sharing these lovely peaceful images,
which are a reminder of why we love the natural scenic beauty of the
Falls by Ruth Ann
Photo of the Week
winner gets a gift certificate to a local Portland business of our
choosing. Ruth Ann will get a $20 gift certificate to local
business, Powells Bookstore.
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.
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 (please
read our terms of service first).
Just click "Add
an Event" and fill in the
3, 2011 at 8pm to October
1, 2011 at 9pm – "Theater
Theatre"SWEAT - Portland Sketch
Fridays and Saturdays through Oct 1st. Theater! Theatre!,
3430 SE Belmont Described as "Scream-with-surprise,
rock-out-of-your-seat-with-laughter funny." http://swe…Organized
by SWEAT | Type: sweat
9, 2011 at 6pm to September
18, 2011 at 7pm – variousPICA's annual Time-Based Art
Festival (TBA) draws artists from across the country and around the
globe for a convergence of contemporary performance and visual art in
Portland, Oregon. Now in its nin…Organized
by PICA | Type: tba
16, 2011 at 10am to September
18, 2011 at 6pm – Portland
Japanese GardenSeptember 16
– 18, the
Portland Ikebana Chapter will celebrate their 50th Anniversary with a
Special Exhibit in the Japanese Garden Pavilion. Arrangements
representing five major schools of Ikebana…Organized
by Portland Japanese Garden | Type: art
Oregon Real Estate Market Report
by Ross Seligman
are a comparison of August 2010 - August 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.
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 August 2011, inventory
remained flat with 3205 homes on the market. In August 2011,
602 homes sold and 606 are pending for sale.
Yearly change from August 10
to August 11:
For Sale: 4197 in August 10, 2981 in August 11. Inventory is Down 29%
Sold homes: 469 sold in August 10, 543 sold in August 11.
Sales are Up 15.8%.
Pending sales: 474 pending for sale in August 10, 733 pending for sale
in August 11. Pending sales are Up 54.6%.
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 August 2011, the average
price per square foot in Portland was $135.
Yearly change from August
10 to August 11:
Average price per square foot in August 10 was $145. In August 11 it is
$135. This figure has dropped 6.5%.
Days on market and
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, 70
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 August 2011, sellers were getting, on average,
94% of their original asking price.
Yearly change from August 10
to August 11:
Average time it takes to sell a home in August 10 was 68 days. In
August 11, it is 70 days. A increase of time on market of
The percentage of original listing price that was paid was 92% in
August 10 and is 94% in August 11.
Average price for sale
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 August 2011, this figure was $286,000.
Yearly change from August 10
to August 11:
The average price of a home listed in August 10 was $356,000. In August
11, $373,000. This figure has increased 4.8%.
The average price of a home sold in August 10 was $307,000. In August
11 it was $286,000 This figure has decreased 6.8%.
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 August 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, 5.5 months for your
home to sell. That number was, on average in all price ranges, 70 days.
It means that, if not a single listing were to come on the
market in Portland from this moment, it would take 5.5 months for all
available homes to sell before there would be none left.
Yearly change from August 10
to August 11:
The months of inventory in August 10 was 8.9 months. In August 11, it
is 5.5 months. This figure has decreased by 38.7%
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.
Visit my website
can contact me and search all Portland Metro Area homes for sale from
the RMLS, including school and
neighborhood reports: http://www.propertiesofportland.com
Best Real Estate
Deals in Portland - Homes for Sale in
Each week, Ross shares
five cool Portland real estate deals, and it is
always fun to take a peek at what Portland home deals are available.
NE US GRANT PL Portland, OR 97212 - Grant Park - $897,000
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