Portland Blog: This Week in Portland December 25 - January 1 2011
Merry Christmas, Portland! As I write this
late afternoon on Christmas Eve, a large turkey roasts in the oven, my husband naps after a long
day and even longer week at work and my brother, visiting from Pittsburgh,
channel surfs looking for a family fave, "A Christmas Story". We love lamp. Yes,
we do.
We'll have a small gathering here this evening where the plan is
to watch some funny movies, eat some great food, drink some awesome local beer
and wine and enjoy Christmas 2010 in style! We here at
PortlandNeighborhood.com wish you a wonderful holiday and look forward to many
more years of this Portland blog and website.
The Portland Photo of the Week winner this week is
Downtown: Worlds Collide by
Earl R
Thomas. Earl shared the following about this image:
"I
got out of my car and was immediately lost. I was surrounded by buildings and
reflections of building. I couldn't determine which direction was east and which
was north. I looked up at the skies and felt relieved by the simplicity of their
grayness."
Note the
Portlandia statue nestled between the two buildings. Nice work,
Earl!
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 local Portland phenom, Powells Books.
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
calendar, here.
Just click "Add an Event" and fill in the details.
November 30, 2010toJanuary
2, 2011–Ellyn
Bye Studio Nov 30 -
Jan 2 Based on the true chronicles of David Sedaris’ experience as Crumpet the
Elf in Macy’s Santaland display, this cult classic riffs on a few of Sedaris’
truly odd encounters with his fe…
December 1, 2010toDecember
27, 2010–Keller
About: “Mr. B’s” captivating Christmas classic draws its inspiration from the
choreographer’s childhood recollections of dancing the original version of the
Nutcracker in Russia. Today, his enchantin…
December 10, 2010toJanuary
2, 2011–"Echo
Theatre" DO JUMP! is
one-third of a century old (well, almost). Come and celebrate with us this
Holiday Season! We will be performing works from the past 33.333... years,
including favorites from At Such a Di…
November 24, 2010toDecember
25, 2010–"The
Old Church"Christmas
Holiday Concerts and Events at the Old Church run through the month. There are
numerous concerts. Visit website for list of events and times: http://www.oldchurch.org/calendar.html
November 26, 2010toJanuary
2, 2011–"Portland
Oregon Zoo"See the
zoo transformed into a winter wonderland, aglow with a million lights.* More
than 200 animated animals swing through trees, jump across lawns, hide in bushes
and appear in places where they'…
November 26, 2010toDecember
25, 2010–Portland
International Raceway Recognized
throughout the Pacific Northwest as the "Largest Holiday Light Show West of the
Mississippi", the 18th annual Jubitz Winter Wonderland - Powered by Comcast will
grab your attention with gl…
November 26, 2010toDecember
30, 2010–"The
Grotto" 23nd Annual
Christmas Festival of Lights November 26, 2010-Thursday, December 30, 2010 5
p.m.-9:30 p.m. with gates closing at 10 p.m. Closed Christmas Day $8.00 general
admission $4 children ages 3-…
Looking for something else? We have a ton of other local Portland
events -- check 'em out and feel free to add your own!
Old
Town & Chinatown Portland is an urban neighborhood, with many older buildings,
apartments, and loft style condominiums. Home of the Portland Chinese Garden,
this area has been on the rise with new construction. The neighborhood is rich
with history, and is a fantastic location in north downtown near the water.
Read more about
Oldtown Chinatownto
discover who lives here, what local life is like and what local businesses make
up this neighborhood.
Want to research or
find
other neighborhoods? We have nearly 100 neighborhood profiles detailing the
urban Portland neighborhoods.
Portland's Humboldt neighborhood is bordered by Overlook, Piedmont, King and
Boise neighborhoods. The Humboldt neighborhood is also extremely close to the
Max line on the other side of Interstate and is well connected to many bus
routes. Bicycle commuting to downtown and beyond is easy and convenient thanks
to a bike lanes which are seemingly on every street. To learn more, click
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 Humboldt
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 Humboldt, visit this link where
you can search for homes by particular neighborhood:Click
Here
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
Humboldt neighborhood from 9/09 to 11/10:
In November 2010, there were 28 closed sales, 33 pending
sales, and 163 homes on the market in the Humboldt Neighborhood.
One year change from November 2009 to November 2010:
Inventory (how many homes on the market for sale): Up 13.2%
Homes sold: Down 3.4%
Homes pending sale: Up 120%
Chart for average price
per square footage:
In the past 15 months, the average price per square footage in
the Humboldt neighborhood has been between $121 and $147/sq. ft. In November
2010, the average price per square foot in the Humboldt neighborhood was $121.
One
year change fromNovember2009
toNovember2010:
Change in Price Per Square Foot:
November 2009: 147
November 2010: 121
Percentage Change: Down 17.8%
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 November
2010, the average time on market for a home in the Humboldt neighborhood was 60
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 November 2010, sellers in
Humboldt received, on average, 92% of their original listing price.
More stats for you:
Change from November 2009 to November 2010:
Time on Market: Up 50%
Sold/List price% difference: Down 4%
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 November 2010, the average price of a
house on the market in Humboldt was $282,000. The average sale was $219,000.
More stats over one year:
Average active price: Down 2.1%
Average sold price: Up 17.4%
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. November 2010 in
the Humboldt neighborhood was a buyer's market with 5.8 months of inventory.
By the way, This does NOT mean that it will take 5.8 months for your home to
sell. That figure was, on average, in November 60 days. Inventory is a figure
that means that, if not another home were to come on the market in Humboldt from
this point forward, in 5.8 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
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! Have a great
weekend! PS -- Want
to read back issues of this blog? Here ya go!
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