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Since mass foreclosures started hitting the Portland real estate market around the time of the real estate downturn, many misconceptions about foreclosures have been floating around. The myths and rumors were spread and many Portland real estate buyers tried to understand what was real . Many misconceptions have come and gone, we still encounter a few myths [...]
Before buyers were able to use their own representation, all agents in the transaction represented the seller. Regardless of what broker the agent worked for, they were a sub-agent for the seller. So, even if you thought you were being represented you were not. Sort of like having one lawyer represent both parties in [...]
An Updated Report on West Linn Real Estate for Single Family Detached Homes for Sale from March 19, 2012 The median list price in West Linn, OR this last week was up at $499,000. The per square foot asking price was at $156 per square foot. 30% of listings had a price decrease and none reset their DOM [...]
Listing with a Portland Realtor vs For Sale By Owner (FSBO) Lets take a look at trying sell your home as a For Sale By Owner (aka FSBO) vs. hiring a professional Portland Real Estate broker to get your home sold. While there are some deals that have gone smoothly without the services of a professional Realtor, your [...]
Below are two charts with more numbers from last months Portland real estate market update. The first shows how each of the designated RMLS areas stacked up against each other. They are listed from highest average sales price to lowest. Portland Metro Area Real Estate Market Data by RMLS Area Area YTD Avg. Sale Price YTD [...]
The average sale price of Portland real estate for December 2011 rose 0.5% from the prior month of November 2011. That is a $1200 increase in average sale price ($259,400 v. $260,800). When comparing December 2011 to the same month the prior year (December 2010), the average sales price were down 6.2%. Portland real [...]