The Rob Levy Team
Rob Levy and Caity Abouaf
One of Portland's Top Realtors Since 1988
Portland Oregon Real Estate Update Sept' 2020
This time we share statistics on how the market has been in a true "V" curve recovery and show how sales have not only bounced back, but have surpassed the sales of pre-covid. We also talk about the new top four reasons to buy a home in the USA, and they are no longer what you think! I have never seen these four reasons on the top of the list before and its changing the way Americans buy homes.
Housing Market Recovery
This graph shows the national trend, which is even stronger in the Portland Metro area. You can clearly see the market essentially crashed in early March as we all stayed home, but as we adjusted to living with Covid-19 along with record low interest rates, we ventured out and bought houses causing us to not only recover, but do better than even before Covid hit us.
What Do You Want in Your House?
In my 32 years as one of Portland's top selling Realtors, I can honestly say I have never seen these four at the very top of buyers checklists. But it makes sense. I know in several of our most recent sales buyers bought a particular home to work from home, or home school kids. My wife and I are entertaining friends safely from our outdoor paver patio we created with a firepit and more about 3 years ago, and I have been working exclusively from home since early March. We do have equipment in our bonus room for working out, but our kids are all grown up now so no need for a virtual classroom but we are getting asked for it! Do you think this trend will continue post Covid? Let us know your thoughts!
Home of the Week
Our home of the week this week is an attached home in Kings Heights area steps to downtown Portland. This gorgeous home overlooks a forest, and has a stunning outdoor living area too. All this plus two beds and an office/loft, and close to Washington park and the Rose Gardens too. Click for 360 tour.
Thanks for checking out this newsletter, and thanks for supporting our real estate team for all these years. I like to say "now more than ever, experience matters" and many of you have reached out to me to talk about your real estate concerns. I love catching up with my clients and welcome your calls. Stay safe everyone, ROB LEVY (503) 906-1444