October Events

This month is jam packed with great things to do! Check our list of events that we are most excited about for the month and be sure to subscribe to the blog to get this list every month! We will also be posting a list of best pumpkin patches and best haunted houses as we get deeper into the fall.

First Thursday in the Pearl

  • October 3rd 6-9pm
  • Portland Pearl district
  • 1321 NW Hoyt st, Portland

Free

Join us for an art walk through the Pearl District. Vendors line NW 13th ave, and many shops and galleries stay open for you to enjoy the art. We will be at our office pouring wine and would love to see you!

Portland Greek Festival

  • October 4-5-6th
  • Fri/Sat 10-10
  • Sunday 11-8
  • 3131 NE Glisan St, Portland

Free

Come experience the joy of living Greek! Three days of authentic Greek cuisine, music, dance, family and much more!!!

The Wedge

  • October 5th 12pm-6pm
  • 100 SE Alder St, Portland

Tickets here $20 advance

Taste and buy hundreds of cheeses, specialty foods, and craft beverages from more than 75 artisan producers.

Hood River Harvest Fest

  • October 11-13th
  • Friday 1-6
  • Saturday/Sunday 10-6
  • Hood River Event Site

Tickets sold at door $8

You can load up on boxes of Hood River favorites, including fresh pears, apples, pumpkins, berries and flowers, and a wide variety of local foods, from pies and jams to smoked salmon and chocolate-covered cherries.

Oddities and Curiosities Expo

  • October 19th 11am-6pm
  • Oregon Convention Center
  • 777 NE MLK Jr Blvd, Portland

Tickets here $10

Local and National vendors with items such as: Taxidermy, wet and dry preserved specimens, antiques, jewelry made from bones, skulls and insects, original artwork, skulls and bones, curiosities and all around creepy, strange and bizarre items

Haunted Beer Mansion

  • October 19th
  • Daytime party 1-4:30
  • Evening party 6:30-10
  • Jupiter Hotel
  • 900 E Burnside st. Portland

Tickets here $35-$40

Inside the mansion guests can imbibe in unlimited samples of over 30 craft beers, ciders, potions, and witches brew all while mingling with the tormented and the dammed who still haunt the mansion

Giant Pumpkin Regatta

  • October 19th 10am-4pm
  • Lake at the Tualatin commons
  • 8325 SW Nyberg St, Tualatin

Free

The West Coast Giant Pumpkin Regatta is one of the most anticapted events in the Northwest. Watch as costumed characters paddle enormous pumpkins across the Lake of Tualatin in a series of races.

Portland Night Market

  • October 25th – 26th 4-10pm
  • 100 SE Alder st, Portland

Free

Join us for the Fall Edition of the Portland Night Market! Over 175 vendors with great food, drinks, music, art, makers, merchants and community! 

Portland Mac and Cheese Fest

  • October 27th 1:30 or 4pm
  • Castaway Portland
  • 1900 NW 18th ave, Portland

Tickets Here $45

Unlimited gourmet mac & cheese offerings from some of Portland’s best chefs, restaurants and food carts! Food for both cheese lovers and vegans alike!

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The Importance of the Home Inspection

Having a home inspection is perhaps the most important piece to buying a home. As a buyer it can be very easy to look over the little flaws in a home while you are walking around falling in love with it. Check out this awesome video we made explaining why inspections are so important! If video isn’t your thing, read the transcript below.

No matter the type of home that you are buying, whether a 1920’s bungalow, a midcentury modern, or a brand new home, you need to have a home inspection. A couple of weeks ago we discussed the importance of property disclosures, and the inspection is your opportunity to really dig deep into any issues that the home might have.

With older homes we especially want to look into the electrical system and plumbing, the foundation and the overall structure. With new construction you want to make sure the builder didn’t cut any corners and that everything is functioning the way that you want it to.

Inspections are also your best opportunity to negotiate with the seller on repairs. Anything that is a safety concern, a major defect, or is no longer functioning properly is a fair thing to ask the sellers to fix. Alternatively, we could negotiate for closing costs or a price reduction. We will be sure to discuss all the details and what will work best for your specific needs once we get to that point.

Another important thing to remember is that not all inspectors, like Realtors, are equally skilled. It often happens that we will have buyers that enter into contract on a home that was only purchased by the sellers within the last couple of years and our inspector finds major defects that were certainly around longer than that time period. Make sure you work with someone you can count on, otherwise you might end up on the wrong end of the repair negotiations when you eventually decide to sell! We, of course have fantastic recommendations for you if you need them.

Do you want a list of the most common issues found with new construction homes? You can find that here. As always, don’t hesitate to reach out with any further questions you may have! See you next time.

Coquine

This week we decided to treat ourselves to something extraordinary. I have had Coquine on my “must try” restaurant list since it was named restaurant of the year in 2016. It has remained one of the highest rated restaurants in town year over year and it did not disappoint.

We chose to do the 7 course chef’s menu to get the best idea of what offerings the James Beard nominee had. Everything we tried was fresh, seasonal and full of flavor. One of the biggest surprises of the night for me was our very first salad. There were fresh sugar snap peas, spring greens, black sesame seeds and toasted nori all topped with shaved Oregon wasabi. the wasabi gave a unique bite to the very crisp salad.

We continued on with a calamari salad with fresh radishes and cucumbers and a lovely piece of halibut with oyster mushrooms and herb oil. We continued on with a pasta with a rabbit ragu that was my favorite dish of the night, multiple small desserts, and the cutest candy tray.

To end the night we had to try one of their famous cookies. The smoked almond, salted caramel and chocolate chip cookie was as delicious as it sounds. It is no surprise that they won cookie of the year. You can even order these cookies in advance, or just get one to go! We will definitely be back to this incredible restaurant!

Where do you think we should try next? Let us know in the comments!

First sale!

Last night I attended a young professionals of Portland networking event.  While this event is a great way to get my name out there and meet people who may be able to help me in my industry, I am always faced with the same hesitation when I introduce myself. 

“Oh you’re in real estate, that must be really tough right now”

“Oh real estate, why are you doing that in this market”

Truth is, real estate is going great!  Though it was a slow year in 2011 and nothing really happened for me, on paper that is.  I am happy to announce that not only did I sell my first house, I sold 2 in one day! Just goes to show that as long as you stick to your guns, good things happen!!

I am proud of my career choice and I plan on sticking to it for many many years to come!  Now I just have to get through those inspections!

April Market stats

All the stats are in for the last month, and it is almost all good news.  We see a continuing trend of stabilization in the market.  This is great news for anyone who owns their home.   Home prices will likely start to appreciate at a normal rate again over the next decade or so.  On average, homes appreciate about 2% a year.  Though the market is stabilizing it is still strongly powered by buyers.  Here is the breakdown of all the numbers, and as always, if you have questions don’t hesitate to ask. 

North Portland has an average sales price of just over 207,600.  This is a 1% increase from last month and within $500 of the average sales price at the beginning of the year.  Northeast Portland has an average sales price of $266,600 a 6% increase from March but still $15,000 down from the beginning of the year.  This is largely due to the presence of foreclosed homes with very low sales prices.  Southeast Portland has an average sales price of $206,600, a 7% decrease from last month, but still a 1% increase over the course of the year.  Rounding out the Portland statistics we have west Portland, With an average sales price of 387,000.  This is a 1% decrease from last month but still about 2% higher than the start of the year.  If you are interested in what these numbers look like for your specific neighborhood I would be happy to e-mail you. 

If you are thinking of selling your home, now is a great time to enter the market, because prices are not dropping at drastic rates, buyers are making offers on properties instead of waiting for the best deal.  The inventory is low and not many new listings are coming on the market, this will make your house stand out.

Spring Improvements

With the new season, as the weather begins to warm, it is time to start cleaning  and improving your home.  The winter months can be very hard on a home, heavy rains, strong winds, snow and hail, so pick up your tools and get ready to put your home back in tip-top shape.

1. The first thing you should do is check your roof.  After all the harsh weather, your roof likely took quite a beating.  make sure all the shingles are in good shape and there is no leaking.  If there are only a couple of small patches, replace the shingles in a small square around the damage.  If there are larger areas, replace the whole roof.  Your house will look fresh and new!!

2. You’ll want to check your lawn for dead spots.  Everyone loves a plush green lawn, so buy some grass seeds and fertilizer besides, why not take advantage of these april showers.  If you are feeling like your yard is a little lacking in personality, you can go all out with the landscaping.  Add a pond or waterfall to your yard, plant some roses or fruit bearing trees.  Set up a garden in that bare back corner of your yard.  Make your yard work for you!!  Also while you are out there, pull up all those plants growing too close to your home, it will cut back on pests that work their way into your home.

3. How is your siding??  Rain, snow and hail can have a pretty major effect on your paint job.  While painting a home is a big project and can be very expensive, it also has the biggest effect on curb appeal.  A freshly painted house is always the envy of the neighborhood, why not make it yours.  If you don’t feel like painting the whole house, try changing the trim color, even little changes can make a huge difference.

4. Put up a fence.  Fences are a great way to add value and privacy to a home.  Whether you want a white picket fence in the front yard, a tall cedar fence in the back yard, or just a simple iron fence all the way around.  They can do a world of good.  If you already have a fence, do some improvements.  They should be  pressure washed every year and re-stained every 3-5 years. Then check the fence is still secure, shake the posts a little and replace any loose or broken boards.  When shopping for fences, though they are cheap, keep in mind, no one like chain link fences. 

5.  Lastly as a completely optional, but really fun spring project, make an outdoor room.  Put in a new patio or deck, install a fire pit or build a fireplace, and buy some new furniture.  If you are really feeling crafty, build an outdoor kitchen.  No one wants to cook in a hot kitchen in the middle of the summer, so start renovating now and you can be cooking by June. 

Start these projects early and by the time the weather is warm, you will be able to enjoy all your hard work. 

Until next time, Live Lively

March Market Stats

After a couple of years of seeing housing prices constantly drop, we are finally starting to see prices level out, even increase in some areas.  When we look at the different quadrants of Portland, we start to see things more clearly. 

Market statistics for Portland, Oregon

North Portland showed an 11% increase in average sales price since last month, with a current average of $204,000.   NE Portland is the only area of Portland still showing a decrease in sales price. The average price dropped 8% to  $250,000.  SE portland took the largest jump in sales price but this is after a very large drop in sales price after December of last year.  The average sales price is 222,000, this is a 15% increase from last month.  Lastly we have west Portland with an increase in sales price of 9% and an average sales price of $392,000.  While the increase in Prices for the month is a good sign, we need to wait and see if this trend continues.  If we look back to December of last year, the average sales price is down across the board. 

Price is not the only factor in deciding the health of the housing market, we also need to consider the existence of third party listings.  3rd party listings are homes the bank has foreclosed on or put into a short sale.  These distressed sales drive down the pricing of homes and have a huge effect on the market.  The more saturated an area is with 3rd party transactions, the lower the average sales price will be. 

In north Portland 3rd party homes make up 26% of the active market place, and 36% of the homes being sold.  In NE Portland they make up 30% of the active market place and 34% of the homes sold this year.  Se Portland has the highest number of third party listings, with 42% of the active listings and homes sold.  In west Portland, only 20% of the active listings are third party but 31% of the homes being sold are.  

These numbers help to clarify the average sales prices of the different areas.  The higher the amount of third party homes, the lower the sales prices of non-third party homes. 

The last important factor to a healthy market place is the absorption rate.  An absorption rate is the amount of time it will take for the current inventory to sell.  Absorption rates are down across the board.  This means homes are selling faster and there isn’t so much inventory to pick through.  North Portland, Ne Portland, and Se Portland all have an absorption rate between 5 and 6 months which is an average decrease of 19% since last month. 

When we look at all the statistics together we see that the market is starting to get better.  Homes are moving faster and as we move into the spring buying season we have lots of buyers entering the market.  If you have any questions about your home or neighborhood please e-mail me at jlively@prunw.com

Until next time, Live Lively