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This Week in Portland September 24 - October 1 2011

Welcome to another edition of our weekly Portland blog!  It is now officially Autumn and we're in the last stretch of the gorgeous summer weather that we've been enjoying for weeks now. Sunny afternoons, high heat and humidity will soon fall away to crisp mornings and evenings and eventually to a rather constant rain and fog. Many Portlanders will tell you that they lovelovelove the cloud blanketed days and perpetual mist of November to May. It is near time to retreat indoors, at least for a bit. This is the season that the pubs, coffee shops and the restaurants thrive...one of my favorites!

Covered bridge

Oregon covered bridge by Fasai

Today, Saturday the 24th, is FREE Museum Day!  Say what? Yeah, any museum affiliated with the Smithsonian is FREE all day today for you and guest. Getting your free tickets is easy: just go to the website and select the museum of your choice and voila!  http://www.smithsonianmag.com/museumday/

 

 

This Week's Top Ten in Portland

This week we focus on the 10 Jewels in the Neighborhood Crown: AKA The Best in the 'Hood.

1. Mississippi AvenueMississippi Studios. Best music venue in town by a stretch!

2. Belmont: Avalon Arcade. Best place to play arcade games if you have kids. (If not, head to Ground Kontrol!)

3. Alberta: BARISTA. Best coffees in the world, right there at your fingertips.

4. Nob Hill: The New Old Lompoc. Best local brewery and great laid back location.

5. The Pearl District: Andina. Excellent Peruvian small plates.

6. Hawthorne: The Baghdad Theatre. Amazing old theater now serving up cheap flicks, beer and pizza. Heaven.

7. Woodlawn: The Firehouse. Best hidden restaurant, excellent pizza.

8. Piedmont: The Peninsula Rose Park. The most beautiful rose park in PDX.

9. Downtown Portland: Tom McCall Waterfront Park. A great place to run, walk, people watch or flee from huge geese.

10. St Johns: St Johns Twin Cinemas.  $4 movies, beer and popcorn in a large and as neighbor tell it: haunted theater.

 

The Portland Photo of the Week

The Portland Photo of the Week winner this week is by Michael Barton, a Portlander who is always out exploring nature with his young son in tow. This week, the two spent some time over at Chapman Park watching the swifts. This shot shows the chimney that the birds so covet. Make sure to look at the rest of Michael's photos from his swift watching experience!

Watching Vaux Swifts at Chapman Elementary

 

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 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.


 

Wednesdays Portland Farmers Market

July 2, 2011 at 10am to October 26, 2011 at 2pm –DowntownDates 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: 

 

 

Moreland Farmers Market

July 6, 2011 at 3:30pm to October 13, 2011 at 7:30pm – "Sellwood Moreland"Wednesdays 3:30pm-7:30pm*, May 11th – October 13th 2010 The Moreland Farmers Market is a market with locally grown fresh produce, nursery stock, cut flowers, cheese, meat, fish, honey, baked goods, sOrganized by Moreland Farmers Market | Type:moreland farmers market

 

 

Portland Timbers

August 3, 2011 at 6pm to October 22, 2011 at 7pm –various, see schedulePortland Timbers - Match Schedules Timbers Tickets: http://www.portlandtimbers.com/schedule 8/03 7:30PM PDT ESPN2 Portland/Los Angeles 8/06 7:30PM PDT FOX 12 estrellaTV 8.3 San Jose/Portland 8/14 6Organized by Portland Timbers | Type: portland timbers

 

 

Object Stories

August 6, 2011 to December 31, 2011  Portland Art MuseumDo you have an object you would never give up? Something that lives on your wall, your mantle, or buried in the corner of your dresser drawer? Something that evokes a time in your life, a place you mOrganized by Portland Art Museum | Type: exhibit

 

 

ART = Whimsical

August 22, 2011 to September 23, 2011  Concordia University - George R. White Library and Learning CenterOrganized by Concordia University | Type: art, exhibition

 

 


"God of Carnage"

September 6, 2011 at 7:30pm to October 9, 2011 at 7:30pm – Artists Repertory TheatreWhat’s so funny about parents acting like children? This 2009 Tony winner for Best Play, tells the story of two sets of parents who meet to discuss a bullying incident in what they hoped would be a “Organized by Artists Repertory Theatre | Type:performance

 

 

Portland: The Game - Interactive Tour (Free Promo Tickets!)

September 12, 2011 at 12pm to October 24, 2011 at 7pm – Pearl District, Old Town/Chinatown, Portland Art MuseumGet off the couch and go enjoy Portland in a totally new way – through an interactive walking tour!   If you love scavenger hunts, you'll really love Portland: The Game! It combines the fun of a scavOrganized by Michael Forbes | Type: interactive, tour

 

 

Oktoberfest!

September 23, 2011 at 5pm to September 24, 2011 at 10pm – Rheinlander German RestaurantNo one celebrates Oktoberfest in Portland like der Rheinlander! Raise a stein under the Big Beer Tent on NE 50th & Sandy Blvd.! 21 & over 5 to 10pm, Friday September 23rd and Saturday the 24tOrganized by Amanda Pence | Type: festival

 

 

2nd Annual TaborFest!

September 24, 2011 from 10am to 9pm – TaborSpaceTaborSpace is a donation-based, volunteer-driven coffeehouse and community center in the heart of the Mt. Tabor neighborhood.  TaborFest, our 2nd annual Open House is a wonderful time of celebrationOrganized by TaborSpace | Type: festival/fundraiser

 

Don't forget to go see the Swifts at Chapman Park!  -  Right before dusk: Bring a blanket, binoculars, camera, loved ones and a watchful eye to observe the Vaux's Swifts -in the thousands- as they rush to roost in the chimney of Chapman School. Learn more about this cool Portland happening at the Portland Audubon Society.

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.

 

The Portland Chinese Garden

Portland Chinese Garden  Tucked into Downtown Portland in the Oldtown / Chinatown neighborhood is an amazing hidden gem known as the Portland Classical Chinese Garden.  Portland’s Chinese garden is an authentic Suzhou-style garden.  This small garden packs a lot of visual punch with many wonderful plants, asian structures, statues, and unique windows.  For being right in the city, it's an amazingly tranquil and serene place to spend some time.  It's said that the garden grew out of a friendship between Portland and Suzhou, a Chinese city renowned for its exquisite gardens.

Picture 426

Learn more about the beautiful Chinese Garden

 

The Portland Oregon September 2011 Condo Real Estate Market Report: What's Happening? 

by Ross Seligman

 

They are a comparison of August 2010 - August 2011 for the Portland Metro Area and are taken directly from the RMLS. What follows is my own analysis of these statistics. 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 condos sold in all price ranges in the Portland Metro Area. 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.

 

On to the report:

 
Here is a chart of all condos for sale, pending for sale, and sold in Portland, Oregon for the last 15 months:

 In September 2011, 169 condos sold, 235 are pending for sale and 1220 are on the market. 

Yearly change from September 10 to September 11:

For Sale: 1889 in September 10, 1220 in September 11. Inventory is Down 35.4%

Sold condos: 157 sold in September 10, 169 sold in September 11.  Sales are Up 7.6%.

Pending sales: 184 pending for sale in September 10, 235 pending for sale in September 11. Pending sales are Up 27.7%.

 

Chart for average price per square footage:


In the past 15 months, the average price per square foot in Portland, Oregon has been between $178 and $231. In September 2011, the average price per square foot in Portland was $178.

Yearly change from September 10 to September 11:

Average price per square foot in September 10 was $231. In September 11 it is $178. This figure has dropped 23%.

Days on market and sold/list price %:


This chart is showing us two things. First, how many days on the market that a condo is spending, on average, before being sold. In all of Multnomah County, in all price ranges, a condo is taking, on average, 109 days to sell.

The other thing that this chart shows is what percentage of listing price the condo, on average, is selling at. This is a great indicator of pressure on prices. In September 2011, sellers were getting, on average, 92% of their original asking price.

Yearly change from September 10 to September 11:

Average time it takes to sell a condo in September 10 was 111 days. In September 11, it is 109 days.  A decrease of time on market of 1.8%. 

The percentage of original listing price that was paid was 86% in September 10  and is 93% in September 11.

Average price for sale vs. average price of sold:


The largest segment of condo sales have been in the price range under $400,000. You can see this reflected in the average price of a condo that has sold. In September 2011, this figure was $222,000.


Yearly change from September 10 to September 11:

The average price of a condo listed in September 10 was $273,000. In September 11, $276,000. This figure has increased by 1.1%.

The average price of a condo sold in September 10 was $280,000. In September 11 it was $222,000 This figure has decreased 20.7%.

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 September 2011, this figure was 7.2 months based on closed sales. Portland is currently, on average, a condo buyer's market.

This does NOT mean that it will take, on average, 7.2 months for your condo to sell. That number was, on average in all price ranges, 109 days.   It means that, if not a single listing were to come on the market in Portland from this moment, it would take 7.2 months for all available condos to sell before there would be none left.

Yearly change from September 10 to September 11:

The months of inventory in September 10 was 12 months. In September 11, it is 7.2 months. This figure has decreased by 40%

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 condo, 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 our website where you can contact us and search all Portland
Metro Area condos for sale from the RMLS, including school and neighborhood reports: http://www.propertiesofportland.com

suspension bridge

Suspension bridge by Fasai

 

 

Homes for sale in Portland

 

3470 NE 33RD PL Portland, OR 97212 - Alameda/Beaumont - $434,950

 

See the full listing here

 

 

1309 SE 50TH AVE Portland, OR 97215 - North Tabor - $329,900

 

See the full listing here

 

 

3323 SE 55TH AVE Portland, OR 97206 - South Tabor - $287,500

 

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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