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 September 30th, 2023 |
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Sorry I'm tardy in getting this out this month, my wife and I were on wine vacation in Italy and business has been brisk since we got back! The Metro Portland market continues to chug along and currently there are opportunities. The graph here shows inventory in months and as you can see its increased considerably.... Or has it? Yes, the average selling time has increased from 2.2 months to 2.9 months over the last year BUT at the same time we actually have 17% fewer homes on the market than we did end of September last year. So you can see here the lack of buyers is causing the (fewer) homes to take longer to sell - an opportunity for buyers. Right now is a prime opportunity to buy a home for less than your would have paid last summer, and then ask the seller to buy down your mortgage to last year's rates. Most sellers are open to this, please call and we can explain how this works. CLICK ON THE IMAGE ABOVE TO DOWNLOAD THE ENTIRE 7 PAGE PDF FILE
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Grandparents are on the move! |
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Looking at recent sales, it appears that the 55-74 age group is moving more than other age groups. Further research shows that its actually grandparents moving to be closer to their children and grandchildren. In fact the #1 reason to move now is to be closer to family, coming in at 21% of all sales. Retirement and not liking their current neighborhood comes in at 11% each and with home too small at 10% and changes in family situation at 9%. Speaking as a grandparent of two, my wife and I are thrilled that our two grandkids are 5 minutes from us so I do understand. |
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Featured Home of the Month |
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This month's featured home is a hard to find FIVE bedroom home in one of Beaverton's most desirable areas. This home is recently updated, and immaculate and sits on a large corner lot in an area of great schools and with a large back yard. You can check it out by clicking on the photo. It's new on the market and is available for private viewings at $724,900.
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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. www.allarealistings.com/
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Search Palm Springs Area Homes |
As many of you know, Rob Levy is also licensed in California with Keller Williams Realty and sells investment and vacation homes to many of his Portland area clients. You can check out all the homes and condos in the Coachella valley cities of Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Bermuda Dunes, Sun City and Indio by clicking on the link below or the picture. www.AllDesertListings.com
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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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