August Market Action Report
Filed Under Uncategorized · Tagged: Real Estate Market Update
Buyers are getting some great bargains with a combination of low prices and record-low interest rates. According to the latest RMLS Market Action Report, prices on average have dropped 9.2% from August, 2010 to August, 2011. At the same time closed sales are up over 30%! Consequently, we’ve seen our marketable inventory drop by 46 percent during the same period – from an 11 month supply to a 6.2 month supply. The inventory supply has been bouncing between the 6-7 months range for six months in a row now. For additonal details see http://www.rmlsweb.com/v2/public2/loadfile.asp?id=6249
NE Portland – Bank Owned Homes
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While doing a recent home valuation, I did a cursory search for bank-owned homes in NE Portland. Of the 35 currently available, all but 5 were over $200K – the prices were great! When a bank owns a property, they get back to your offer at lightning speed compared to a short sale since banks have to sell! To locate bank-owned property by neighborhood, use the interactive map on my blog http://Search.PortlandOregonHomesBlog.com
NE Portland Bank Owned Homes
Homes for Our Troops Oregon
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With two of inches of Oregon rain pouring down today, you may want to ask why did why did well over a 100 people drive down a narrow, windy road outside of Sandy to pack a 26’ X 26’ garage? It was to honor Army Specialist, Kevin Pennell and to see Oregon’s first “Homes for Our Troops” newly completed. Started in 2004, Homes for Our Troops mission has been to provide handicap-accessible housing for veterans who have been seriously injured since September 11, 2001.
It’s a unique and truly American partnership of government funding and private contributions of money, time, materials and skill. The title sponsor of this project was Advantis Credit Union, after their Board of Directors first heard of the program three years ago. The same time Specialist Pennell, wanting to move to Oregon, applied for program. A remarkable 72 days ago, Pannell’s build brigade started erecting the walls. Lead by Fish Construction NW, Inc’s founder, Jeff Fish selflessly spearheaded this project from the start and been on the job daily since, including when I called him on Thanksgiving morning. That’s dedication!
Army Specialist Kevin Pannell
Check it out!
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Wether your looking for homes and real estate in the inner city, Beaverton,
Hillsboro, Aloha, Tigard, Milwaukie, Gesham or any of the outlying areas of Portland, Oregon – check out the great search feature on this site with complete mapping capabilities.
Agent Profile
Having been actively involved in the Portland, Oregon real estate market as a full-time, profesional broker since 1983, I enjoy helping clients with thier real estate goals. Whether that's to solve a problem, enhance thier lifestyle or net worth. 
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