My wife and I are both working professionals with two young active children, so our lives are very busy. We first engaged Gary Potts and his team in the purchase of a larger home for our family in July 2017 and subsequently worked with them on the marketing and sale of another residence with excellent experiences and results in both cases.
The purchase transaction introduced us to Gary and his team who we found were knowledgeable, service oriented, and had a thoughtful and straightforward communication style we needed and appreciated. They were sensitive to our family’s needs and well organized. He and Rachel were always available to answer questions and offer insight throughout the process which was helpful to our family. When we needed access to professional contractors, he had great recommendations and the service, availability and pricing were exactly as we expected.
We subsequently engaged Gary Potts again on the sale of our former residence. Gary was knowledgeable and helpful in finding contractors to assist with the remodeling and staging. We were impressed that he not only had a market analysis as most realtors do, but also had a well though out marketing plan and sales strategy that worked patiently around our schedule. He worked hard for us to achieve a top value for our home. We had plenty of showings and offers and ultimately accepted a cash offer for above list within 3 days of listing. We closed the sale within 2 weeks of listing.
Our family had a wonderful experience in working with Gary Potts on two very important real estate transactions and based on own experience I would have no issue recommending Gary and his team to my closest family, friends and associated.
Brian and Jill
Long time, no chat! Are you interested in what the current real estate market is doing?! The real estate market has been mixed all over the board but we did see some gains last month.
In February pending sales showed a 19.0% increase over the offers accepted in January (2017), but a 15.0% decrease when compared to February 2016. New listings ended 12.9% under the new listings offered last year in February but were 14.0% warmer compared to the listings offered in January (2017). Closed sales ended 7.9% below February 2016 and 9.6% below closings recorded in January (2017).
Inventory edged slightly higher in February, ending at 1.9 months. Total market time rose to 62 days during the same period.
Comparing the average price of homes sold in the twelve months ending February 28 of this year ($400,800) with the average price of homes in the twelve months ending January 2016 ($357,400) shows an increase of 12.1%. In the same comparison, the median has increased 12.9% from $310,000 to $350,000.
It still continues to be a good sellers market!
The Portland/Beaverton real estate numbers continue to taper with the season, but numbers are strong compared to November 2012. Closed sales decreased 16.8% compared to October’s closings-but it was also the best November for closings since 2006. Pending sales fared similarly, decreasing 14.0% from October but showing an increase of 5.6% over November 2012. New listings decreased 22.1% from October but show an increase of 18.0% over last November.
The number of active listings on the market dropped. Total market time increased slightly this month to 80 days, but was substantially shorter than the total market time of 101 days in November of last year.
There have been 25,667 accepted offers and 24,872 closed sales so far in 2013! This is up 12.9% for pending sales and 15.4% up for closed sales in the same period last year. We also saw an increase of 11.3% in new listings so far this year!
The average sales price is up 13.5% from the same period in 2012, from $273,800 in 2012 to $310,800 this year.
2013 looks to be finishing strong, which follows suit for the whole year! Happy Holidays!
August has seen a slight cooling to the Portland’s real estate market compared to July, but remains very strong compared to the same month last year. Closed sales (2,623) decreased by 5.2% compared to July (2,766), but represent the best August for closed sales in Portland since 2006 when there were 2,939!
New listings were down 11.7% in August from the previous month, but up 10.5% over August 2012. Pending sales also were down 4.5% in July. This showed a 9.5% increase over the 2,387 accepted offers in August 2012.
Inventory has slightly increased and currently sits at 3.1 months. At the end of August, there were 8,003 active residential listings on the market.
There have been 19,891 accepted offers and 18,231 closed sales in 2013, up 16.3% from closed sales in the same period last year. The 26,850 new listings so far this year represent a 10.7% increase from the first eight months last year. The average sale price is up so far this year $309,200, up 14.1% from the same period in 2012, when the average was $271,100.
So far the real estate market is continuing strong into the Fall!
Summer has been sunny indeed for the real estate market in the Portland metro area. Closed sales (2,766) topped June’s number (2,511) by 10.2%. This represents the best July for Portland since 2005.
New listings, at 3,877, are also up 3.4% in July over the previous month and 22.6% over July 2012.
Pending sales dropped just slightly (2.4%) in June to 2,738 from 2,809. This represents a 15.4% increase over the 2,372 accepted offers from July 2012.
Inventory currently sits at 2.8 months. Total active listings rose by 500 between June and July. At the end of July, there were 7,849 active residential listings on the market.
The average sales price so far this year is $307,100, up 14.0% from the same period in 2012, when the average was $269,300. The median price increased as well, 13.7%, from $229,500 last year to $261,000 thus far in 2013.
All in all the real estate market has been going strong this summer!
You Are Invited!
Bring Family & Friends To Join In The Fun!
Saturday, March 30, 2013
Start Time For Egg Hunt: 11:30 am!
Show Up Early to Get Pictures with Easter Bunny!
Cooper Mt. Elementary Field- 7670 SW 170th Ave. Beaverton
Egg Hunt For Kids Ages 0-12 (accompanied by an adult please)
Candy! Prize Drawing! Meet The Easter Bunny!
Kids, Please Bring Your Baskets!
Parents, Do Not Forget Your Camera!
Rain or Shine!
The Portland real estate market got off to a good start in January 2013. There were 2,438 new listings, an 89.6% increase over December 2012 listings of 1,286, but 6.7% fewer than the 2,613 listings of January 2012.
AlthoughfewerthanDecember’s 1,760 closed sales, the 1,344 closed sales in January 2013 are the most for the month of January since 2007, when there were 1,594 sales. There were 1,906 offers accepted, also the most in January since 2007 when there were 2,544 pending sales. Pending sales increased 37.7% over the previous month when there were 1,384.
Active inventory continues at historiclows,risingonlyfractionally to 6,366 homes on the market—a mere six more listings than December 2012. Unsold inventory remains low at 4.7 months.
Market time continues to shrink. At 114 days, January’s total market timehasloweredby16.3%froman average of 136 days on the market in January 2012.
The average sale price in January was $287,700,andthemediansale price was $248,000. Prices are rising over time. Comparing the average price of homes in the twelve months ending January 31st of this year ($277,000) with the average price of homes sold in the twelve months ending January 2012($262,900)showsanincrease of 5.4%. In the same comparison, the median has increased 7.3% to $236,000 in the last twelve months from $219,900 in the preceding twelve months.
The Portland real estate market continues to build steam. Closed sales were higher in December 2012 than December 2011 while pending sales were 4.1% under the accepted offers in December 2011. The active inventory dropped to a new low of 6,352 homes on the market. Both median and average sale prices showed double digit improvement. Comparing 2012 to 2011 there were 32,300 new listings, 24,010 accepted offers, and 23,438 closed sales in 2012. Compared to 2011 new listings were down 5.2%, pending sales were up 16.2% and closed sales are up 19.1%. Prices are higher, total market time dropped and all in all the market is on the way up.
Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are down 26.1%, Tigard pending sales are up 30.4%, Hillsboro / Forest Grove pending sales are up 1.8%, Lake Oswego pending sales are sown 3.6%, SE Portland pending sales are down 10.1%, NE Portland pending sales are down 1.4% and Gresham / Troutdale pending sales are down 17.2%. Average total market time measured by days is as follows; Beaverton 92, Tigard 126, Hillsboro 109, Lake Oswego 157, SE Portland 109, NE Portland 74 and Gresham / Troutdale 118. Rates continue to stay low around 3.625%.
We continue to see positive signs in the real estate market and the next few months look like the trend will continue. I hope this enclosed market action helps keep you informed about the local real estate market.
With one exception, all reported measures of real estate activity show improvement when comparing September 2012 with September 2011, while dropping somewhat from
August Heights. At 1,894, closed sales were 19.4% higher then September 2011
sales of 1,586, while declining 18% from the August 2,311 total. This was the
best September since 2006 for closed sales. Pending sales also continued to be strong, with 2,058 accepted offers in September, 10.6% more than the 1,861 reported in September 2011, and 13.8% under the 2,387 pendings in August.
With three-quarters of the year gone, the market recovery is solidifying.
Accepted offers are 16.8% above the level they were for the same period last
year (19,015 vs 16,275). Closed sales are 18% higher, with 17,468 closed so far
this year, compared to 14,803 last year. Prices continue to creep up. The
average sales price year-to-date of $272,200 is 2.9% higher than the average
price in the same period last year, while the 2012 year-to-date median of
$230,400 is 3.8% higher than the media last year. Total market time has dropped
20.7% from 145 days last year to 115 days for the first three quarters of