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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.

Looking for something fun to do in Portland for New Years We have the list here! 

Christmas Ships in Portland, Oregon

 

Want to learn more about:

Recycling your Christmas tree?

What to do in Portland on New Years Eve?

 

Photo by Michael Barton

Meet Portland's Artists Repertory Theatre

 

The Portland Photo of the Week

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. 

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! 

 

 

Featured Portland Events this Week

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.


The Santaland Diaries

November 30, 2010 to January 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

 


Oregon Ballet Theatre presents George Balanchine's The Nutcracker

December 1, 2010 to December 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


 

Do Jump! Greatest Hits for the Holidays

December 10, 2010 to January 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

 

 

Christmas at the Old Church

November 24, 2010 to December 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

 

ZooLights 2010, Portland Zoo Lights at the Oregon Zoo

November 26, 2010 to January 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'

 

Portland Winter Wonderland of Lights

November 26, 2010 to December 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

 

Grotto Christmas Festival of Lights

November 26, 2010 to December 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!

 


Leaves by Ruth Ann Reynolds

 

Neighborhood Tour: Oldtown Chinatown

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.

Just moved to Portland or planning the move?  Learn about moving to Portland.


 

 

Humboldt Neighborhood Report
By Ross Seligman

Humboldt Neighborhood Real Estate Report

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 
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 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 athttp://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 from November 2009 to November 2010:

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.

View the original article by Portland Realtor and Ecobroker, Ross Seligman.

 

St Johns Bridge by Tyger

 

Best Real Estate Deals in Portland

Every week, Ross shares with us a selection of the best real estate deals in Portland.  Check out the full list of best deals.


414 NW 22ND AVE Portland, OR 97210 - Arbor Lodge - $225,000

See the listing here:  http://www.propertiesofportland.com/10080400

Did you know there are nearly 100 unique Portland neighborhoods?  Read and learn all about these interesting urban communities.

 

That's it for now

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!

 

Powell's Bookstore Picks

We love Powells!

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Powell's Author Interviews

New to the site and want to add your own two cents to the Portland blog?  Please do!  But please remember to keep it real and community focused. Read our terms of use and don't spam the planet with self promoting material or weird stuff as it will just get deleted.  We have a zero spammer policy to keep the site valuable and hassle free for our members.  Thanks!

 

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