The Rob Levy Team
Rob Levy and Caity Abouaf
One of Portland's Top Realtors Since 1988
Portland Oregon Real Estate Update Mid Oct' 2020
In this months video, Rob updates the now record breaking home sales in Portland, and also shares some interesting statistics about the amount of wealth one retires with both as a renter, and as a property owner. This is interesting in that right now with interest rates as low as 2.35% (I heard yesterday of a 15 year at 1.875%) its become cheaper to rent. Also, find out with these low rates what year it would be the equivalent to in purchasing a Portland home.
Portland Metro Home Sales Report
This months "Market Action" report is out courtesy RMLS. Of note in this report is the 1.1 months of inventory, this is the lowest I've ever seen in 32 years as a local top selling Realtor. Of interest is this number incudes downtown and Pearl district condominiums, which right now are extremely slow. Its not uncommon to see 10+ offers on a home the same weekend it goes live, in fact we have been seeing some homes go for as much as $150,000 over the listed price lately. This multi page report is packed with graphs and charts and breaks down all areas of metropolitan Portland and is accurate up the end of last months statistics. CLICK HERE to read the whole report.
Palm Springs Area Market Report
As you know, working with Keller Williams Realty in La Quinta, CA Rob also works the Coachella Valley market in the winter. If you click HERE you can download a similar report for all the desert cities. Note the incredible "Covid boom" in desert sales.
Home (Condo) of the Week
Whoa! Check out the view from this under $500,000 single level condo just up the hill from PSU in downtown Portland! This updated unit has two beds, two baths and a balcony overlooking the city too and steps to downtown and PSU. Click HERE or on the picture to see the home.
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