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Portland Blog - This Week in Portland, January 2-9, 2010! Happy New Year Portland!

Hello, Portlanders, and a big Happy New Year to you all! Wow, I just have to say 2009 passed by in a blur. As always, it was packed full of interesting slices of Portland for me. Writing this website and blog is a work of love for both me and for Angela, and we have gotten so much delight from watching it grow, meeting other great Portland people, and making new friends on-line. We appreciate all the nice comments, feedback, and email we receive from you on what you like about the site, as well as what you would like to see improved. We're here to serve ;-)

How did you celebrate New Year's Eve? Whatever you did, I hope it was happy, and fun, (and safe).

After a lovely dinner at Echo, we decided to go out and celebrate New Year's Eve in Portland this year. Normally, because I keep such an early work schedule, I don't stay up until midnight very often anymore, but once I was in Downtown Portland, the energy and excitement of everyone around me kept me wide awake. We were supposed to go to a party at a sports bar (The Agency), but in spite of us having pre-purchased tickets, they didn't let us in because they were too full! We stood in a non-moving line for well over an hour and finally gave up in frustration (curses...$#&$^#!!, but that's another story and I don't want it to ruin this one). Anyway, not to have our New Year's Eve celebration thwarted and ruined by the greedy (insert *!*($*#! here) people who clearly oversold and ruined the New Years event (for lots of people, there were many of us in line), we ditched the club and hopped on MAX. With only two minutes to go until midnight...as the train arrived in Portland Pioneer Courthouse square and the doors opened, all the happy revelers jumped out of the train at once, leaving it empty. A mass of people crawled out over the brick steps and poured out into the aquare.

It was a fortuitous moment as it turns out. I had my video camera in my bag (I don't leave home without it, or my camera...you never know when you might have the opportunity to catch something wonderful in Portland), and so with a huge smile on my face, I snapped the quick video of Portlanders ringing in the New Year. Unlike New York and other larger cities, it was a quieter, more mellow (and probably safer) experience here in Portland. I panned my video camera around at fellow Portlanders all smiling, and laughing, and cheering, and having a great time. It had been raining on us most of the night, but as I looked up into the sky, the clouds cleared away from the moon just long enough to give us all a chance to catch our rare blue moon: "For the first time in almost 20 years, a bright "blue moon" will grace New Year's Eve celebrations worldwide. If the skies are clear, revelers looking up at midnight will get an eyeful of the second full moon of the month—commonly called a blue moon. The last time a blue moon appeared on New Year's Eve was in 1990, and it won't happen again until 2028.
(NationalGeographic.com) What a special and happy moment it was. You can catch my video of the event, here.

So, I got a better New Year's Eve than I expected and got to see a "blue" moon to boot! Not to sound trite, but it goes to show you--even though life doesn't always turn out exactly as you plan it, you never know when something even more wonderful lies in store. I know 2009 in Portland had many big challenges for a lot of people, especially those suffering in the poor economy. We hope 2010 brings many happy moments and blessings your way. Happy New Year, Portland, we look forward to sharing many wonderful moments with you!

Featured Portland Events

Want to see your event on the Portland Events Calendar? Just add it!

Schumann and Shostakovich - One of music’s most loved Romantic masterworks – Robert Schumann’s Piano Concerto – is paired with a seldom-heard blockbuster of an entirely different kind, from the 20th century’s last great composer of symphonies, Dmitri Shostakovich. Arlene Schnitzer Concert Hall.

Museum by Moonlight - World Forestry Museum. Museum by Moonlight ~ Jan
7. 6:00pm - 9:30pm, $8 adults, 21+ ONLY, Take MAX to our Front Door. Exit Washington Park / Zoo. Tastings • Beer • Wine • Food

RAIN: A Tribute to the Beatles - Fred Meyer Broadway Across America Portland
presents Rain: A Tribute to the BeatlesTuesday, Through tomorrow. Sunday, January 3rd. $28.75 & up. From Ed Sullivan to Abbey Road! They look like them and they sound just like them! "The next best thing to seeing The Beatles," raves the Denver Post. All the music and vocals are performed totally live! RAIN covers the Fab Four from the earliest beginnings through the psychedelic late 60s and their long-haired hippie, hard-rocking rooftop days.

Sundays for Families at the Portland Art Museum - Every Sunday in January, visitors of all ages can create artwork inspired by everyday objects, as in the works of Robert Aauschenberg. Family Tours: 12:30 p.m., Art-Making: 1 - 3 p.m., Story Time: 2:30 - 3 p.m. Free for members or with Museum admission. Museum admission for children age 17 and younger is free.


Portland Photo of the Week

The Portland photo of the week winner is Holly, for this lovely shot of Sellwood Chapel. Congrats Holly, and thanks for sharing your photos with us.

Come add your photos to our photo gallery for a chance to win cool prizes! Wanna win your own prize? Come upload your photos, we pick a new winner every single week!


Parkrose Portland Real Estate Market Report

by Ross Seligman, EcoBroker


The Parkrose neighborhood is located in East Portland. It is bordered by the Sumner, Argay and Parkrose Heights neighborhoods. Learn more here: http://www.portlandneighborhood.com/parkrose.html

In my monthly Portland real estate report, I always talk about how each individual neighborhood is a micro-market. If you are looking to buy or sell in a particular neighborhood, the most crucial information that you need to know is what is going on in that neighborhood. In this situation, the overall Portland
market report is less important and the national real estate report is just about useless. This posting is a real estate report for the Parkrose neighborhood of all homes in all price ranges. Feel free to request particular neighborhoods in which you are interested in buying or selling and I am be happy to do a report, just contact me on this forum or at: http://www.propertiesofportland.com.

If you are looking for homes in Parkrose, visit this link where you can search for homes by particular neighborhood:
http://www.propertiesofportland.com/index.cfm/page/51539/parent/426...

The first thing you will notice about individual neighborhoods as compared to the overall Portland reports are that the numbers can be wildly different month to month. Basically, the bigger the pool of data you are working with, the smoother the stats become. As we focus on smaller areas, many different things can happen month to month.

On to the report:

Here is the overall chart of inventory, sold, and pending for the Parkrose neighborhood from 9/08 to 11/09:

Parkrose has enjoyed steady, rising sales throughout 2009. It is squarely in the first time homebuyer's price range due to being a bit further from downtown. It is a wonderful neighborhood with many amenities. In November, 2009, Parkrose had 35 closed sales, 20 pending sales, and 127 on the market.

More stats for you from your friendly neighborhood real estate statistics nerd:

One year change from November 2008 to November 2009:

Inventory (how many homes on the market for sale): Down 25.3%
Homes sold: UP 218.2%
Homes pending sale: Up 17.6%

Chart for average price per square footage:

After dipping a bit in the spring, the average price per square footage in Parkrose has regained its footing at $126/sq. ft.

One year change from November 2008 to November 2009:

Change in Price Per Square Foot:
November 2008: 126
November 2009: 126
Percentage Change: 0%

Days on market and sold/list price %:

This chart is showing us two things. First, how many days on the market that a home is spending, on average, before being sold. In November 2009, the average time on market for a home in the Parkrose neighborhood was 59 days.

The second thing that this chart is showing you is what percentage of the listing price the owners actually are getting when the house is sold. This is a great indication of the pressure on prices. In November 2009, sellers in Parkrose received, on average, 99% of their asking price.

More stats for you:

Change from November 08 to November 09:

Time on Market: Decreased 35.9%
Sold/List price % difference: Increased 17.9%

Average price for sale vs. average price of sold:

This chart shows us what the average listing was and what the average sale was. In November 2009, the average price of a house on the market in Parkrose was $218,000. The average sale was $203,000.

More stats over one year:

Average active price: Down 12.4%
Average sold price: Up 23%.

Months of Inventory:

Months of inventory gives a time line of how long it would take for all of the current listings to sell. Anything above 4 months is considered a buyers market. This figure is a good indicator of supply and demand. November 2009 reflected a balanced market in Parkrose, leaning slightly toward the seller with 3.6 months of inventory.

By the way, This does NOT mean that it will take 3.6 months for your home to sell. That figure was, on average in November, 59 days, remember? It is a figure that means that, if not another home were to come on the market in Parkrose from this point forward, in 3.6 months there would not be another home to sell. They would all be sold.

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 Northwest Heights property!

1547 NW BENFIELD DR Portland, OR 97229 - Northwest Heights - $750,000

See the listing here: http://www.propertiesofportland.com/9085833

Blog & Forum Chat

Help your neighbor and offer some insight on these Portland discussion forum threads!

Discussions
Holly

Moving to Portland? Fully-Furnished 2 bedroom in NE is available!

Hey there! We've got a 2 bedroom basement apartment to rent, in the NE Alberta District! If you're moving to Portland, checkout the neigh…

Started by Holly

Angela

Walmart in North Portland

Just heard Walmart is planning to open a store in North Portland at Hayden Meadows. Mixed feelings about that. Should add about 300 jobs bu…

Started by Angela

Katie B

What's a good neighborhood for a single professional in her twenties?

Hi everyone! I'm a young professional who's excitedabout moving to Portland for her new job. I'm not sure what the best neighborhood for…

Started by Katie B

Lorri E.

Cool Portland Deals - Portland Coupons and Discounts Savings - Save...

Everyone is looking for Portland deals, not just right now but year round. There are some great new Portland coupon websites popping up tha…

Started by Lorri

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