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Portland Blog - This Week in Portland, December 19-26, Holiday Edition
Hello, Portlanders. If you're still shopping for holiday gifts, then you'll be happy to know that the Portland Saturday Market Festival of the Last Minute is on! If you're like me, you probably wait until the last possible second and then buy gift cards on Amazon.com, but this year I would really love to support our local economy and help the artisans and craftspeople at the market. (If nothing else, buy your gift cards at Powells Bookstore.) Head down to the Portland Saturday Market and pick up some cool, unique, and thoughtful gifts. Plus, kids will love their chance to meet Cinnamon Bear, at the market for the holidays. The market is located in Waterfront Park and Ankeny Plaza in historic Old Town. We recommend riding the MAX to the Skidmore Fountain MAX station. Receive a Tri-Met ticket or should you choose to drive, get two hours of free parking at any Smart Park Garage with a $25.00 purchase. We recommend parking at the NW 1st & Davis Smart Park Garage. Festival of Last Minute Market: Weekdays : Dec 17- Dec 23, 11am - 6pm, Dec 24 : 11am - 3:30pm.
If you're looking for fun things to do in Portland this winter, another great gift idea is a pass to one of our great Portland Parks and Community Centers. I just got an email newsletter telling me about their Portland Parks Winter Classes and Events, and posted it on the blog so you can check it out. There are all sorts of fitness classes, indoor swimming pools, and other fun activities for the whole family. Support our Portland Parks and be a part of your community rec center!
Speaking of staying active this winter, I also got this email from SmartTrips, letting us know about their winter giveaway! Here are the details:
This month's Commuter Central blog promotion is entitled,"Misery Loves Company." Just like we always do, we're giving away fun, quirky incentives to celebrate your smart trips and smart wits. One Grand Prize: 3 in 1 gloves from REI, thermal & waterproof. Two Pretty Grand Prizes: The SmartTrips Stay Active package, with an umbrella, pedometer, and more! One Tasty Prize: Tin of pure leaf organic tea. To win, simply go to Commuter Central and check out the blog promotion article. From there, you'll know what to do. Thanks for participating! And keep on, SmartTrippin'... From Your SmartTrips Business Team.
Portland Cinnamon Bear at the Portland Saturday Market! You’ll want to share this joy with everyone in your family. Portland Saturday Market and Portland Spirit host the Cinnamon Bear Goes to Market. Come down to the Portland Saturday Market and see the Cinnamon Bear in person as he roams the isle’s greeting good little boys and girls with cinnamon bear cookies. Catch the Cinnamon Bear between 12-2pm every weekend in December as well as the every day Dec 17-24 during the Market’s “Festival of the Last Minute”. Add this wonderful experience to your holiday traditions.
2009 Christmas Ships Parade 2009 marks the 55th year for the Christmas Ship Parade on the Columbia and Willamette Rivers in Portland, Oregon. Please click on the Willamette or the Columbia Schedule links for complete schedules with route details including viewing locations and times for restaurants, hotels and outdoor viewing. The Christmas Ship Fleet averages about 55 to 60 boats between the two Columbia and Willamette River fleets. Both fleets will be out every night for two weeks beginning December 9, 2009 and running through December 20, 2009. 2009 Christmas Ship Parade, December 9 - Dec. 20, 2009
22nd Annual Festival of Lights at The Grotto - World’s Largest Christmas Choral Festival, Magnificent Lighting Display, Petting Zoo, Puppet Shows, Christmas Carolers, Living History Characters, and more! *Closed Christmas
Day. Visit our new Grotto page for additional information!
Portland Christmas Lights - Around Town - If you celebrate Christmas with the annual tradition of finding the best Portland Christmas Lights in town, then you'll want to visit our new Portland Christmas Lights page and get the rundown of the best light displays around Portland this year. From Zoo Lights Portland Oregon, to the Portland Spirit, we have something for everyone.
New Years Eve Portland Oregon - We've started the list of New Years Parties in Portland, so if you've got one, just add it to the Portland events calendar so we can pick it up and add it to the master list. You can book VIP tables and tickets at many events if you reserve early, and they are already filling up so start planning on where you want to spend New Years Eve 2010 in Portland!
Want to see your event on the Portland Events Calendar? Just add it!
In addition to our Portland events calendar here on the social network, we've been working on adding new Portland Attractions and other pages to the site the past few weeks. If you are looking for the latest things to do in Portland, visit our new page, Portland Attractions. More new pages include: Portland Breweries, Portland Carriage rides, Portland trivia night, and for lists: the Best Portland Restaurants. What do you want to see more of on the site? Contact us and let us know!
Come add your photos to our photo gallery for a chance to win cool prizes! Art wins a bag of freshly roasted Portland Coava Coffee beans. Wanna win your own prize? Come upload your photos, we pick a new winner every single week!
A note about my statistics:
They are a comparison of November 2008 - November 2009 for all of Multnomah County and are taken directly from the RMLS. What follows is my own analysis of these statistics. For our purposes, I thought it best to analyze Multnomah County as a whole. Each neighborhood, however, is a little micro-universe and has its own market. Changing the parameters of the zip codes, price variables, or time periods can lead to very different results. This analysis is of all homes sold in all price ranges in Multnomah County. If you have any questions about specific zip codes, or any questions about the market in general, please reply to this forum with those questions or feel free to contact me at: http://www.propertiesofportland.com.
Since Portland is a neighborhood city, you can now search by "Irvington, Alberta, etc.". You can check it out by clicking here.
On to the report
Here is a chart of all homes for sale, pending for sale, and sold in Portland, Oregon for the last 15 months:
last year at this time. Inventory is down too. Expect more homes to come on the market after the holiday season.
Yearly change from November 08 to November 09:
For Sale: 3808 in November 08, 3255 in November 09. Inventory is DOWN 14.5%
Sold homes: 355 sold in November 08, 606 sold in November 09. Sales have risen 70.7%.
Pending sales: 363 pending for sale in November 08, 437 pending for sale in November 09. Pending sales are UP 20.4%.
Chart for average price per square footage:
Yearly change from November 08 to November 09:
Average price per square foot in November 08 was $152. In November 09 it is $144. This figure has dropped 5.7%.
Days on market and sold/list price %:
The other thing that this chart shows is what percentage of listing price the home, on average, is selling at. This is a great indicator of pressure on prices. In November 2009, sellers have been getting, on average, 97% of their asking price. Downward pressure on prices has eased in 2009.
Yearly change from November 08 to November 09:
Average time it takes to sell a home in November 08 was 67 days. In November 09, it is 62 days. A decrease of time on market of 7.5%.
The percentage of listing price that was paid was 96% in November 08 and is 97% in November 09.
Average price for sale vs. average price of sold:
Yearly change from November 08 to November 09:
The average price of a home listed in November 08 was $397,000. In November 09, $382,000. This figure has decreased by 3.8%.
The average price of a home sold in November 08 was $309,000. In November 09 it was $272,000 This figure has decreased by 12%.
Months of inventory:
This does NOT mean that it will take, on average, 5.4 months for your home to sell. That number was 62 days, remember? It means that, if not a single listing were to come on the market in Multnomah County from this moment, it would take 5.4 months for all available homes to sell before there would be nothing left.
Yearly change from November 08 to November 09:
The months of inventory in November 08 was 10.7 months. In November 09, it is 5.4 months. This figure has decreased by 49.5%. This is a great indicator of the state of the market. You can see how much things have improved from last year at this time.
As I have said before, none of this information matters if you have a particular neighborhood in mind since Portland neighborhoods are their own micro-markets. If you have one in mind to buy or are selling your home, please request a report for that neighborhood and I am happy to post it on this blog or send it to you.
Hey people, I want to know what you think of these reports. Too many stats? Just right? Something missing? Let me know so I can make these more useful for you. What are your thoughts about real estate right now? What do you think of the information in this report? Post to this blog so we can discuss.
Visit my website where you can contact me and search all Portland Metro Area listings from the RMLS: http://www.propertiesofportland.com
3031 NE US GRANT PL Portland, OR 97212 -Grant Park - $899,000
See the listing here: http://www.propertiesofportland.com/9050790
Will be visiting PDX over the New Year. What should I do/see?
Cross country move
Where to Live....
WEATHER HELP!
Want to move to Portland - need help finding a suitable suburb!Is it crazy to move to Portland in the dead of winter while also lo...
Portland Hummingbirds
PSU as a Grad School?
and slapped 'em up on our… Continue
two qualities that make it perfect for trivia night: 1) we have long, dark, wet winters, and 2) Portland is one of the best microbrew capitals of the world. What could be more fun than spending a rainy night at your favorite local Portland bar trivia night while tossing back a cold one and laughing with… Continue
Christmas Lights display includes information, maps, and videos of Portland Christmas Lights whether you're looking for Zoo Lights, Peacock Lane, Winter Wonderland at Portland Raceway, Christmas Ships Parade, or others. … Continue
Follow us on Twitter at @pdxneighborhood
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If you're looking for fun things to do in Portland this winter, another great gift idea is a pass to one of our great Portland Parks and Community Centers. I just got an email newsletter telling me about their Portland Parks Winter Classes and Events, and posted it on the blog so you can check it out. There are all sorts of fitness classes, indoor swimming pools, and other fun activities for the whole family. Support our Portland Parks and be a part of your community rec center!
Speaking of staying active this winter, I also got this email from SmartTrips, letting us know about their winter giveaway! Here are the details:
This month's Commuter Central blog promotion is entitled,"Misery Loves Company." Just like we always do, we're giving away fun, quirky incentives to celebrate your smart trips and smart wits. One Grand Prize: 3 in 1 gloves from REI, thermal & waterproof. Two Pretty Grand Prizes: The SmartTrips Stay Active package, with an umbrella, pedometer, and more! One Tasty Prize: Tin of pure leaf organic tea. To win, simply go to Commuter Central and check out the blog promotion article. From there, you'll know what to do. Thanks for participating! And keep on, SmartTrippin'... From Your SmartTrips Business Team.
Featured Portland Events
Portland Cinnamon Bear at the Portland Saturday Market! You’ll want to share this joy with everyone in your family. Portland Saturday Market and Portland Spirit host the Cinnamon Bear Goes to Market. Come down to the Portland Saturday Market and see the Cinnamon Bear in person as he roams the isle’s greeting good little boys and girls with cinnamon bear cookies. Catch the Cinnamon Bear between 12-2pm every weekend in December as well as the every day Dec 17-24 during the Market’s “Festival of the Last Minute”. Add this wonderful experience to your holiday traditions.
2009 Christmas Ships Parade 2009 marks the 55th year for the Christmas Ship Parade on the Columbia and Willamette Rivers in Portland, Oregon. Please click on the Willamette or the Columbia Schedule links for complete schedules with route details including viewing locations and times for restaurants, hotels and outdoor viewing. The Christmas Ship Fleet averages about 55 to 60 boats between the two Columbia and Willamette River fleets. Both fleets will be out every night for two weeks beginning December 9, 2009 and running through December 20, 2009. 2009 Christmas Ship Parade, December 9 - Dec. 20, 2009
22nd Annual Festival of Lights at The Grotto - World’s Largest Christmas Choral Festival, Magnificent Lighting Display, Petting Zoo, Puppet Shows, Christmas Carolers, Living History Characters, and more! *Closed Christmas
Day. Visit our new Grotto page for additional information!
Portland Christmas Lights - Around Town - If you celebrate Christmas with the annual tradition of finding the best Portland Christmas Lights in town, then you'll want to visit our new Portland Christmas Lights page and get the rundown of the best light displays around Portland this year. From Zoo Lights Portland Oregon, to the Portland Spirit, we have something for everyone.
New Years Eve Portland Oregon - We've started the list of New Years Parties in Portland, so if you've got one, just add it to the Portland events calendar so we can pick it up and add it to the master list. You can book VIP tables and tickets at many events if you reserve early, and they are already filling up so start planning on where you want to spend New Years Eve 2010 in Portland!
Want to see your event on the Portland Events Calendar? Just add it!
In addition to our Portland events calendar here on the social network, we've been working on adding new Portland Attractions and other pages to the site the past few weeks. If you are looking for the latest things to do in Portland, visit our new page, Portland Attractions. More new pages include: Portland Breweries, Portland Carriage rides, Portland trivia night, and for lists: the Best Portland Restaurants. What do you want to see more of on the site? Contact us and let us know!
Portland Photo of the Week
Art Richards has stunned us all this week with his amazing collection of images. I seriously had trouble picking only one to share with you. If you need some eye candy, head over to the Photo Gallery and look at all of them, they are amazing! Our Portland Photo of the Week winner is Art for this shot of Japanese Falls. Speaking of the Portland Japanese Garden, we just added a page for them on the site, and the Japanese Garden also joined this week as a site member so drop in and say hello!Come add your photos to our photo gallery for a chance to win cool prizes! Art wins a bag of freshly roasted Portland Coava Coffee beans. Wanna win your own prize? Come upload your photos, we pick a new winner every single week!
December 2009 Portland Real Estate Market Report
by Ross Seligman, EcoBrokerA note about my statistics:
They are a comparison of November 2008 - November 2009 for all of Multnomah County and are taken directly from the RMLS. What follows is my own analysis of these statistics. For our purposes, I thought it best to analyze Multnomah County as a whole. Each neighborhood, however, is a little micro-universe and has its own market. Changing the parameters of the zip codes, price variables, or time periods can lead to very different results. This analysis is of all homes sold in all price ranges in Multnomah County. If you have any questions about specific zip codes, or any questions about the market in general, please reply to this forum with those questions or feel free to contact me at: http://www.propertiesofportland.com.
Since Portland is a neighborhood city, you can now search by "Irvington, Alberta, etc.". You can check it out by clicking here.
On to the report
Here is a chart of all homes for sale, pending for sale, and sold in Portland, Oregon for the last 15 months:
last year at this time. Inventory is down too. Expect more homes to come on the market after the holiday season.
Yearly change from November 08 to November 09:
For Sale: 3808 in November 08, 3255 in November 09. Inventory is DOWN 14.5%
Sold homes: 355 sold in November 08, 606 sold in November 09. Sales have risen 70.7%.
Pending sales: 363 pending for sale in November 08, 437 pending for sale in November 09. Pending sales are UP 20.4%.
Chart for average price per square footage:
Yearly change from November 08 to November 09:
Average price per square foot in November 08 was $152. In November 09 it is $144. This figure has dropped 5.7%.
Days on market and sold/list price %:
The other thing that this chart shows is what percentage of listing price the home, on average, is selling at. This is a great indicator of pressure on prices. In November 2009, sellers have been getting, on average, 97% of their asking price. Downward pressure on prices has eased in 2009.
Yearly change from November 08 to November 09:
Average time it takes to sell a home in November 08 was 67 days. In November 09, it is 62 days. A decrease of time on market of 7.5%.
The percentage of listing price that was paid was 96% in November 08 and is 97% in November 09.
Average price for sale vs. average price of sold:
Yearly change from November 08 to November 09:
The average price of a home listed in November 08 was $397,000. In November 09, $382,000. This figure has decreased by 3.8%.
The average price of a home sold in November 08 was $309,000. In November 09 it was $272,000 This figure has decreased by 12%.
Months of inventory:
This does NOT mean that it will take, on average, 5.4 months for your home to sell. That number was 62 days, remember? It means that, if not a single listing were to come on the market in Multnomah County from this moment, it would take 5.4 months for all available homes to sell before there would be nothing left.
Yearly change from November 08 to November 09:
The months of inventory in November 08 was 10.7 months. In November 09, it is 5.4 months. This figure has decreased by 49.5%. This is a great indicator of the state of the market. You can see how much things have improved from last year at this time.
As I have said before, none of this information matters if you have a particular neighborhood in mind since Portland neighborhoods are their own micro-markets. If you have one in mind to buy or are selling your home, please request a report for that neighborhood and I am happy to post it on this blog or send it to you.
Hey people, I want to know what you think of these reports. Too many stats? Just right? Something missing? Let me know so I can make these more useful for you. What are your thoughts about real estate right now? What do you think of the information in this report? Post to this blog so we can discuss.
Visit my website where you can contact me and search all Portland Metro Area listings from the RMLS: http://www.propertiesofportland.com
Best Deals in Portland This Week
Looking for Portland homes? Read the Best Deals in Portland This Week at: http://community.portlandneighborhood.com/forum/topics/the-best-dea.... Check out this lovely Grant Park property!3031 NE US GRANT PL Portland, OR 97212 -Grant Park - $899,000
See the listing here: http://www.propertiesofportland.com/9050790
Blog & Forum Chat
Help your neighbor and offer some insight on these Portland discussion forum threads!
Will be visiting PDX over the New Year. What should I do/see?My partner and I have decided to head to Portland over the New Year from the 28th of Dec to the 3rd of January. We have a few friends that…
Started by Cassandra
Cross country moveI currently live in Portland, Maine, and, although I've never actually been to my city's namesake, I am planning a move there. I'm trying t…
Started by Ben Garwood
Thinking of buying a new condo in the St Johns neighborhood. What can you all tell me about this area of Portland? I looked at the crime st…
Started by Ruth Fidino
Where to Live....Hello everyone! I am a life long Chicago resident making the BIG move to Portland in June, but I don't know where to live! My partner and I…
Started by Kimberly Bohstedt
WEATHER HELP!Hi everyone! I posted a question a few weeks back and got some great responses....so I am going for question #2... I want/need everyone to…
Started by Kimberly Bohstedt
Want to move to Portland - need help finding a suitable suburb!Hi everyone, My wife, 2 kids, and I are thinking of moving to Portland in the next year. I'm headed out there in May for an exploratory tri…
Started by Doug D
Is it crazy to move to Portland in the dead of winter while also lo...Hi, I just joined the forum hoping to learn more about Portland. My husband and our almost 1 year old are planning to move to Portland in…
Started by Emily
Portland HummingbirdsI am a hummingbird lover like no other. I designed my entire backyard to attract and feed the little sweeties. I didn't imagine I would see…
Started by Angela
PSU as a Grad School?Hi, all, and thanks in advance for reading this/offering advice! I'm a 30-something married female with a 5-month-old daughter. We current…
Started by Courtney Wertz MacIntyre
Fresh Blogs
New Years Eve Portland Oregon - 2010 Portland New Years Eve Parties...
This year has flown by. In fact, I have not even started Christmas shopping, have not mailed any holiday cards, and it took a co-worker to remind me that Christmas is like...uh next week! So...since I am obviously going to be late getting ready for Christmas, I thought I would think ahead to New Years. So...are you ready to ring in the 2010 New Year, Portland style? I thought so. I went and found as many juicy New Years Eve Portland parties as I couldand slapped 'em up on our… Continue
Portland Trivia Night - Portland Pub Quiz - Portland Bar Trivia? We...
We just posted our Portland Trivia Night Guide. Woo hoo, it's pub quiz night! Portland featurestwo qualities that make it perfect for trivia night: 1) we have long, dark, wet winters, and 2) Portland is one of the best microbrew capitals of the world. What could be more fun than spending a rainy night at your favorite local Portland bar trivia night while tossing back a cold one and laughing with… Continue
Portland Christmas Lights - Portland Christmas Events
If you're in search of the best Portland Christmas Lights this year, we've got the rundown. Our PortlandChristmas Lights display includes information, maps, and videos of Portland Christmas Lights whether you're looking for Zoo Lights, Peacock Lane, Winter Wonderland at Portland Raceway, Christmas Ships Parade, or others. … Continue
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Tags: portland blog, portland events, portland holiday events, portland real estate report
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Thank you for letting me know from the perspective of a nondriver.
Many thanks! Very reassuring about the cost of housing--I'm a NYer and live in Boston so 450K won't go far in the places I know.
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