Portland Blog: This Week in Portland November 6 - November 13 2010
What a bizarrely wonderful week this was in Portland. Who could have dreamed
that Portland would be sunny and clear and in the high sixties in November?! Seriously, if you have just moved here,
don't think that this is normal...it's far from it! Norm or not, it was
awesome and I know many of you agree even though I have heard people whining
that they miss the rain. Soon enough, people. Soon enough! Coming off of
summer, I still feel a bit solar-powered and made sure to get out and soak up the sun every day that I could --
running in my favorite Peninsula Park and crunching through the leaves in
This weekend I am off to do some crabbing in Newport, Oregon. The locals say
that any month that ends in "er" is good crabbing season and so, we're off!
Peninsula Park on a recent run
Portland's Artists Repertory Theatre
The Portland Photo of the Week
What a gorgeous view of autumn in the Oregon gorge by
Thomas. Makes me want to head out for a day trip and enjoy the
stunning drive. Thanks, Earl, for sharing this awesome photo!
Our weekly Portland photo winner gets a gift certificate to a
local Portland business of our choosing. Earl will receive a $20 gift
certificate to a Portland favorite, Gustav's. "Serving lunch and dinner,
Gustav’s offers an array of European and Northwest specialties. The full bar
offers an unparalleled selection of German draft beer, as well as local bottled
craft beer. Gustav’s is part of the Rheinlander heritage, owned and operated by
the Mager family since 1963."
Here are the featured Portland events this week focusing on
events happening this very weekend! 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
Just click "Add an Event" and fill in the details.
October 21, 2010at 7pm toMarch
31, 2011at 5pm –Mount
Wolverine Tracking Project Spend your days snowshoeing in the winter woods.
Learn how to read the tracks animals have left in the snow. Carry out surveys
for rare carnivores that t…
November 6, 2010at 10am toNovember
7, 2010at 4pm –LentsCelebrate
harvest time and get a head start on your holiday shopping with over 40 local
craftspeople and artists. You’ll find handmade items including jams, chocolates,
jewelry, mittens, scarves, wre…
November 6, 2010from 6pm to 9pm
Blade & The Fellowship Band will be performing a benefit concert for the
Portland Rescue Mission with Darrell Grant will perform at The Bagdad Theater on
Saturday November 6th at 6pm. The…
November 7, 2010from 1:30pm to
meet us! We are a growing, enthusiastic group of people enjoying our cohousing
community in a lovely, older neighborhood of North Portland, Oregon. We are
individuals, couples and families o…
November 11, 2010from 6pm to 9pm
spruced up the place with new lighting, furniture and housewares – a perfect
excuse for a party! No housewarming gifts necessary, thanks. In fact, we’ll
treat you: * 5% of all sales donated to p:…
November 13, 2010all day –Memorial
Grand Wine Tasting" November 13th, Memorial Coliseum 4 - 8 pm preferred guests -
an hour more of tasting! 5 - 8 general admission When the doors of the Grand
Tasting open at Memorial…
Looking for something else? We have a ton of other local Portland
events -- check 'em out and feel free to add your own!
Goose Hollow's streets are lined with older Portland homes dating from the
turn of the century. Some former homes have been converted into law offices,
coffee shops and other businesses, making this area a mix of residential and
commercial. Goose Hollow is also home to some of Portland's oldest dining
establishments, such as the locally famous Goose Hollow Inn (best Reuben
sandwiches in town) and the Leaky Roof (with the largest selection of Irish
whiskey in Portland). Drop by and spend an afternoon hanging out with the
locals and get a taste of some Portland history.
Many of the hilly streets of Goose Hollow afford wonderful views, and for the
fitness buffs this is a great place to walk and run. Climb the stairs or walk
the streets through the neighborhood and within minutes you can transport
yourself to some of Portland's most beautiful areas. On the Western border up
the hill, you'll find Portland's amazing Washington Park, Portland International
Rose Test Garden, Portland Japanese Garden, the Vista Bridge, and a panoramic
view of downtown Portland. PGEPark,
Athletic Clubare also in this
area. A trip to theMultnomah
County Libraryis a very short
commute and only a few Max light rail stops away.
Maplewood is located in Southwest Portland, and as such features
a nice mix of suburban and rural options, while being located relatively close
to downtown for an easy commute. There are a wide variety of home styles, and
some areas feature hills with views. There are plenty of popular Portland
neighborhoods in this area located nearby, such as Multnomah Village, so there
are many areas to shop and find family friendly activities. To learn more about
Maplewood, click here.
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 Maplewood
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 Maplewood, visit this link where you can search
for homes by particular neighborhood: Click
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.
Here is the overall chart of inventory, sold, and pending for the Maplewood
neighborhood from 7/09 to 9/10:
In September 2010, there were 25 closed sales, 37 pending sales,
and 383 homes on the market in the Maplewood Neighborhood.
One year change from September 2009 to September 2010:
Inventory (how many homes on the market for sale): Up 18.9%
Homes sold: Down 41.9%
Homes pending sale: Down 19.6%
Chart for average price per square footage:
In the past 15 months, the average price per square footage in the
Maplewood neighborhood has been between $139 and $190/sq. ft. In September 2010,
the average price per square foot in the Maplewood neighborhood was $171.
One year change from September 2009 to September 2010:
Change in Price Per Square Foot:
September 2009: 185
September 2010: 171
Percentage Change: Down 8%
Days on Market, 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 September 2010, the average
time on market for a home in the Maplewood neighborhood was 94 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 September 2010, sellers in
Maplewood received, on average, 87% of their original listing price.
Change from September 2009 to September 2010:
Time on Market: Up 14.6%
Sold/List price% difference: Down 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 September 2010, the average price of a house on the market in Maplewood was
$543,000. The average sale was $479,000.
More stats over one year:
Average active price: Down 18.8%
Average sold price: Up 7.4%
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. September
2010 in the Maplewood neighborhood was a buyer's market with 15.3 months of
By the way, This does NOT mean that it will take 15.3 months for your home to
sell. That figure was, on average in September, 94 days. Inventory is a figure
that means that, if not another home were to come on the market in Maplewood
from this point forward, in 15.3 months there would not be another home to
sell. They would all be sold.
We hope you enjoy reading our weekly Portland blog. Want to see more or less
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making this Portland website such an asset to the community! If you
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weekend! PS -- Want
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