And in partnership with Pat Weiss*
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Portland Real Estate Update |
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Over 70 Years Combined Experience, Since 1988 |
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Portland Market as of November , 2023 |
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This image is a snapshot showing what the Portland metro real estate market is like now, and in comparison to the same months of 2022. You can see that prices are down, as is inventory and sales and this creates a good opportunity for sellers (little inventory) as well as buyers where sellers are much more likely to agree to a concession right now than this time last year. I have uploaded the entire MLS report for you to see, all seven pages of it that breaks down to local cities and areas, simply click on the image to see the PDF.
Be sure to read the story of my home of the week below, it really tells the real estate story.
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Real Estate is on Sale, Don't Run Away! |
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As a Realtor for 35 years it continues to amaze me that when Target has a black friday sale, people crush each other to get the deals. When real estate goes on sale, people run the other way . This graph shows it all... plus right now many sellers are willing to buy down mortgages to 5.5% rates, and houses are selling for less then the same house did 18 months ago in many cases. Have you considered that when rates drop, and they will.... at that time we may very well be back to crazy competition. Maybe right now is the time to take advantage of what's out there! |
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Featured Home of the Month |
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They say "Don't wait to buy real estate, buy real estate and wait" and this story proves it true. I sold this home to the current owner 33 years ago for a little over $50,000! Several years later we sold her a more upscale house and I talked her into keeping this one as a rental for her future retirement, and that's now. This works out to a 783% increase in value, not to mention the tenants paid for the house almost five times (ugh).. Its a one level, two bedroom home in the super desirable Cedar Hills area of Beaverton, its 1,072 SF with a two car garage and has a large lot, and is a perfect starter home or rental too!
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Search ALL Portland Area Homes |
Click on the link below, or the image to search the Portland area MLS for all single family, condo, or multi-family homes in the Portland metro area. The site also includes some pre-defined common searches on the right side, and also always shows the most recent 20 listed properties in the metro area. Be sure to SAVE your search, that way you will always be notified of any new matches as they happen. Click on the photo to search now! |
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Thanks for checking out this newsletter, and for supporting our real estate team for all these years. We are always available for you. ROB LEVY, CAITY ABOUAF and PAT WEISS
*Pat Weiss is licensed with Oregon Referral Partners, LLC. Same address as below.
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Give Us a Call
(503) 906-1444
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Now More Than Ever, Experience Matters |
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The Rob Levy Team, Rob Levy Principal Broker and Caity Abouaf, Broker
Keller Williams Realty Professionals / Main Office (503) 546-9955
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