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This Week in Portland October 15 - October 22 2011

Welcome to another week of our Portland blog!  By the time you read this, we'll be off in a cabin at the KOA in Waldport, Oregon on the beautiful Oregon coast. This weekend marks our first annual crab fishing extravaganza. I can't wait to hit the waters on Alsea Bay and pull up that first pot of brightly colored ocean and bay crabs. After a day of hard work on the water, we take the crabs into South Beach and cook them up in one of the huge commercial pots at the South Beach Fish Market. This market has the best fresh fish and crab on the coast- hands down!  If you're in the area, you definitely want to stop and try their fish and chips which are truly to die for.

south beach fish market

South Beach Fish Market: Best fresh seafood on the Oregon coast


Alsea Bay crabbing

The beautiful Alsea Bay - south of South Beach and Newport, Oregon


Crabbing in Walport

Measuring to see if there are any "keepers"


This Week's Top Ten in Portland

This week we give you a tour of the many online guides that will help you get to know Portland, Oregon

Downtown PDX

1. Ever wanted to see Portland on a map and be able to visualize how the neighborhoods connected? Use this Portland Map

2. Need to find Portland zip codes for different neighborhoods in a snap? Got 'em here!

3. Looking for real estate resources and tips from actual Portlanders?

4. Are you overwhelmed by all the beer and need to know where to start your own personal pub crawl?

5. Want to understand the Portland mass transit and other PDX transportation options?

6. Need an online tour of the Portland Arts and Cultural scene?

7. Looking for a locals guide to the best local restaurants in Portland?

8. New to the area and need a summarized Portland Directory to help get you started?

9. Are you visiting Portland and want to get some advice on where to go and what to see?

10. Are you moving to Portland or considering a move to Portland and want to know what the city is all about?




The Portland Photo of the Week

The Portland Photo of the Week winner this week is by Gerry Villani. In this Portland photo, Gerry shows you a real world PDX phenomenon: the ever constant line of locals who need their Voodoo Doughnut



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 ( serving customers worldwide." (  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! 


The Southeast Portland Neighborhoods

It seems as though SE, SW, NE, N and NW Portland are each miniature cities as they often look and feel so different. This week, we give you a tour of the southeast Portland neighborhoods to give you a feel for what local life is there.

If Southeast had a "vibe", we'd say it's: funky, free, artsy, a bit grungy here and there and overall, very open and very independent.  The vast majority of businesses here are locally owned and operated. Most of the homes and buildings are Old Portland and the neighborhoods are chock full of singletons, families, hippies and urbanites.  Think green friendly in every way, anti-car, bikes galore, front yards converted into  vegetable gardens, smart car parking and the occasional dreadlock. Oh, yeah, and coffee shops. Everywhere.

Below we provide a listing of every SE Portland neighborhood where you can take a deeper dive into each neighborhood's respective profile page (just click the link) and go off to explore what is unique about that particular neighborhood.

Belmont  - Brentwood-Darlington - Brooklyn - Buckman - Creston-Kenilworth - Eastmoreland - Foster-Powell - Hawthorne

Hosford-Abernethy - Kerns - Laurelhurst - Montavilla - Mount Scott - Mount Tabor - Reed - Richmond - Sellwood-Moreland

South Tabor - Sunnyside - Woodstock

Learn about our other 95 urban Portland neighborhoods



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.


LEGO Castle Adventure comes to Portland Children's Museum

October 10, 2011 to January 29, 2012  Portland Children's Museum Builders of all ages and skill levels are invited to explore, build and play in LEGO® Castle Adventure. In this exhibit kids and their families can construct LEGO® structures, learn about real-world



Bonnie Bronson Fellows: 20 Years (Free event)

October 10, 2011 to December 11, 2011  Lewis & Clark College In celebration of the 20th anniversary of the establishment of the Bonnie Bronson Fund, this exhibition debuts new work by the Bonnie Bronson Fellows, some of the Pacific Northwest's most influentialOrganized by | Type: museum, event



Wooden Shoe Pumpkin Fest 2011

October 10, 2011 to October 31, 2011  Wooden Shoe Tulip Farm The 2nd annual fall Pumpkin Fest will celebrate the harvest season from grinding wheat to learning about the crops grown on the farm. Visitors will have a chance to travel the giant hay maze, the 5 aOrganized by | Type: festival



Portland Pumpkin Farm & Twilight Maze

October 11, 2011 to October 31, 2011  Sauvie Island Sunday through Thursday from 9am to 6pm and Friday and Saturday from 9am to 9pm. "Portland Pumpkin Farm & Twilight Maze is having its Annual Pumpkin Harvest at Bella Organic on Sauvie Island! BriOrganized by | Type: festival



75 Gifts for 75 Years (Free event)

October 11, 2011 to February 5, 2012  Museum of Contemporary Craft Organized by the Museum of Contemporary Craft, the exhibition 75 Gifts for 75 Years celebrates an important milestone in the history of one of the oldest modern craft institutions in the United StateOrganized by | Type: art, event



Fright Town: Portland Haunted Houses

October 12, 2011 to October 31, 2011  Memorial Coliseum The three most horrifying haunted houses in the whole Pacific Northwest, FrightTown returns to the Veterans Memorial Coliseum on Friday, October 7th! A festival of fear awaits you at every turn! LastOrganized by | Type: haunted, houses!



6th Annual Northwest Indian Storytelling Festival

October 13, 2011 to October 16, 2011  PSU You are invited to attend the 6th Annual Northwest Indian Storytelling Festival at PSU's Native American Student and Community Center. Festival kicks off Thursday evening October 13th at 7:30 PM witOrganized by | Type: festival



"No Man's Land"

October 4, 2011 at 7:30pm to November 6, 2011 at 7:30pm – Artists Repertory Theatre - Morrison Stage Is what you remember ever what really happened? In this enigmatic tumble through time, two men circle each other in the limbo of logic, recovering memory and reconciliation as their lives hurtle towaOrganized by Artists Repertory Theatre | Type:performance




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 Timbers

August 3, 2011 at 6pm to October 22, 2011 at 7pm –various, see schedule Portland Timbers - Match Schedules Timbers Tickets: 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



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 History of Portland Oregon

Resting at the base of Mt. Hood and nestled next to the Columbia and Willamette rivers, the city was an ideal location for settlers to build a lush and diverse community. Occupied pre-development by American, Canadian, and British traders and trappers, the land has long been known for its beauty and abundance. The first to create real clamor and fervor over the location were the great explorers Lewis and Clark. After their initial visit in 1804 and subsequent return to Washington D.C, in 1806, the country was slowly learning how amazing the climate and natural resources of the Portland Oregon area truly were.

Learn more about the history of Portland Oregon


October 2011 Portland Oregon Real Estate Report: What's Happening?

by Ross Seligman


They are a comparison of September 2010 - September 2011 for all of Portland 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 Portland 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 Portland, Oregon. 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:

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 September 2011, inventory has dropped with 2551 homes on the market.   In September 2011, 466 homes sold and 521 are pending for sale.  

Yearly change from September 10 to September 11:

For Sale: 3641 in September 10, 2551 in September 11. Inventory is Down 29.9%

Sold homes: 418 sold in September 10, 466 sold in September 11.  Sales are Up 11.5%.

Pending sales: 466 pending for sale in September 10, 521 pending for sale in September 11. Pending sales are Up 11.8%. 


Chart for average price per square footage:

In the past 15 months, the average price per square foot in Portland, Oregon has been between $132 and $148. In September 2011, the average price per square foot in Portland was $137.

Yearly change from September 10 to September 11:

Average price per square foot in September 10 was $145. In September 11 it is $137. This figure has dropped 5.2%.

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, 67 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 September 2011, sellers were getting, on average, 93% of their original asking price.

Yearly change from September 10 to September 11:

Average time it takes to sell a home in September 10 was 69 days. In September 11, it is 67 days.  A decrease of time on market of 2.9%. 

The percentage of original listing price that was paid was 91% in September 10 and is 93% in September 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 September 2011, this figure was $280,000.

Yearly change from September 10 to September 11:

The average price of a home listed in September 10 was $370,000. In September 11, $386,000. This figure has increased 4.3%.

The average price of a home sold in September 10 was $316,000. In September 11 it was $280,000 This figure has decreased 11.4%.

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 5.5 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, 67 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 September 10 to September 11:

The months of inventory in September 10 was 8.7 months. In September 11, it is 5.5 months. This figure has decreased by 37.2%

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 our website where you can contact us and search all Portland
Metro Area homes for sale from the RMLS in Portland, OR, including school and neighborhood reports:



Photo: Downtown Portland in the fall by Gerry Villani


Homes for sale in Portland


4816 NE 15TH AVE Portland, OR 97211 - Vernon - $349,900

See the full listing here.


5007 N GAY AVE Portland, OR 97217 - Overlook - $399,000

See the full listing here.


6848 NE 22ND AVE Portland, OR 97211 - Concordia/Alberta - $215,000

See the full listing here.


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