For a third year in a row, Oregon has become the nation’s most popular moving destination. Almost 70% of US Van Line’s interstate moves in Oregon were inbound versus outbound. The number of people moving to Oregon has increased by 10% in the past 6 years. Here is the article: http://money.cnn.com/2016/01/04/real_estate/oregon-most-popular-moving-states-2015/index.html
If you have been waiting for the right time to buy, now is the time. There are four major reasons 2016 is the year to buy a home. Home prices should start to calm down as there is speculation that more homes will hit the market this year. Mortgage rates are still historically low, but will not always remain at these levels so it’s time to take advantage, especially with the high rising rental rates which should only continue to be high. Check out this article for more details: http://money.cnn.com/2015/12/04/real_estate/2016-real-estate/index.html?section=money_realestate
It’s that time of year again! Winter, the Holidays, and New Years have quickly arrived. Time flies during this time of year, as do other important things like preparing your home to sell which you may have been thinking about for months or possibly even years.
With over $160 Million closed sales over the past 24 months, Kathy Hall Properties has the greatest local expertise to help you sell your home. With a custom and unique marketing approach, you will receive a full range of services to help you maximize your price. We offer advice to help you prepare your home to sell, a price strategy to best position your home based on the current local market conditions and competition, the highest level of premium exposure, and a level of service above and beyond!
Typically we see a higher number of new homes for sale just after the holiday season leading up to the spring market. If you are considering buying a home, purchasing before the spunky spring market may give you a better chance for a favorable investment. In order to put yourself in a better position, it’s paramount to have your financing in place, know the local neighborhoods, and understand the buying process. By doing this, you will be able to make a quick decision once you find that dream home. Working with experienced brokers like us can help you navigate easily through the complexities of the buying process.
We are your local lifestyle experts working all price ranges. Our abundance of repeat clients and constant stream of referrals is a testimony to our commitment and our proudest achievement. We are sincerely appreciative and grateful to all our clients. Call us today for a confidential consultation if you are thinking about buying or selling a home!
What a summer it’s been here in Portland!? It has been one of the hottest and driest summers in decades. People must be realizing the importance of air conditioning and having a nice refreshing pool to relax in. Even if summers may be short lived here in comparison to other cities, we always tell our friends and clients to always be prepared. In speaking of friends and clients, our team takes a unique approach to both our buyers and sellers.
There are many aspects as to why buyers and sellers should work with a full-time, full service brokerage team like ours. For sellers, it starts with maximizing exposure and showcasing your home the best way possible including all of the amenities that would help sell your home. We call this selling the ‘lifestyle.’ Hiring professional photographers, marketing as featured listings on multiple websites, and working with a broker who has multiple listings and can cross market buyers are just a few ways we help our listings get ‘sold.’ Strategically pricing your home based on current competition and market trends of course plays an important role as well. Our local knowledge combined with national and international marketing creates unparalleled exposure for our listings.
Once mutual acceptance has been accomplished between buyers and sellers, our full service team helps handle the transaction from start to finish, including handling inspections, help managing the appraisal process, and negotiating on your behalf. As a buyer in Oregon, you do not have to pay commission to a broker, so why not utilize the best resources? As a seller, by utilizing all our resources, you not only have the best chance to maximize a higher sales price, but also to have a broker working diligently on your behalf.
Please call us to receive a custom confidential evaluation of your current home or personal home buying needs. It’s our great pleasure to assist!
Home sales in May continue to rise in the Portland real estate market. Prices climbed an average of 4% from the previous month. If the sales rate continued, it would only take 1.7 months to sell all the real estate for sale in the Portland market. To read more, go to http://www.oregonlive.com/business/index.ssf/2015/06/competitive_portland_housing_m.html
Inventory levels continue to drop in the Portland Metro Area. Portland is now under 2 months of inventory. Low interest rates and cash buyers are creating high demand for new listings. Read the article at:
According to United Van Lines, Oregon continues to be the top moving destination in the United States for highest percentage of inbound movers versus outbound. In 2014, 66% of moves were inbound versus outbound. With economic stability growing, the migration patterns are reflecting longer-term trends of movement to southern and western states where housing costs tend to be lower, climates are more temperate, and job growth has been at or above the national average. Read the article at http://www.unitedvanlines.com/about-united/news/movers-study-2014
According to a recent report from Zillow, Portland is the 5th fastest growing rental market in the country. Rental prices increased 7.2 percent last year compared to the national average of 3.3 percent. If you are living in Portland, or want to live in Portland, interest rates are still historically low and there are great loan products, and now is a great time to invest and purchase a home! Read the article for full details:
Kathy Hall Properties had another successful year and was Oregon’s Top Selling Broker in 2014. We are extremely thankful to all of our clients for trusting us to get the job done. The Portland real estate market also showed positive signs.
Overall comparing 2014 to 2013 end of the year statistics in the Portland Metro area, the number of new listings, pending sales, and closed sales all increased in 2014. Prices also increased with the average sales price in Portland being $333,000, up 7.2% from 2013 which was $310,600. Analyzing the end of 2014, inventory levels decreased to 2.3 months which is extremely low. The low inventory levels are one of many reasons for an uptick in prices. Other factors include low interest rates and better loan programs, lower unemployment rates, and consumer confidence. There are many neighborhoods and markets within Portland that all perform drastically different. Even within just one town or city, there are a number of micromarkets. Certain types of properties like high end luxury properties and acreage properties are also market niches.
Overall, we are very optimistic of the Portland Metro area continuing to improve throughout 2015. With the low inventory levels, if you are a home owner and have been thinking about selling, now may be a great time for you. It also is a great time to purchase a home because interest rates are still historically low. It’s not often you get to say it’s a great time to buy and sell!
Whether you are thinking about buying or selling a home, we are happy to meet and provide you with a confidential evaluation regarding your specific needs.
For the second year in a row, Oregon is America’s number one moving destination with the highest percentage of inbound moves. With the economy slowly starting to stabilize, migration patterns are starting to reflect long-term trends of movement to the southern and western states where there are more temperate climates, job growth, and more affordable housing costs. For more, check out the article at http://fusion.net/story/36508/for-the-second-year-in-a-row-oregon-is-americas-no-1-moving-destination/