Portland Real Estate Update |
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August 2021 Market Update |
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One of Portland's TOP Real Estate Sales Teams Since 1988 |
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Portland Home Prices Continue To Rise |
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RMLS, the multiple listing service covering Metro Portland has just released their market action report for August, 2021 which covers activity through the end of July, 2021. Looking at 2021 through July compared to the same period of 2020 shows new listings increasing 9.3% to 25,620 and pending sales increasing 14% to 21,543 and closed sales by 20.6% with 19,820 closed sales so far this year with 3,439 of those in July, a slight 1.4% increase over the same month last year.
As for average and median sales prices comparing 2021 to 2020 through July, the average sales price in Portland Metro area has increased by 19.4% to $567,800 .
Click on the image to see the entire seven page report!
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Are Houses Less Affordable Than They Were in Past Decades? |
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Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a home has appreciated dramatically over the last 45 years, prices rise over time – we know it as inflation.
However, when we look at housing, price is just one component that makes up the monthly cost of the home. Another key factor is the mortgage rate at the time of purchase. Take a look at this chart and see, yes it really is cheaper! Click on the image to enlarge.
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Rob and Caity Again Amongst Top Portland Agents |
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Thanks to you, our past clients and friends of our team Caity and I are again one of the top local Realtors in the entire Metro Portland area. We qualify as a team in our office, but there are only the two of us on our team. Its VERY hard to compete in our office, you see our Keller Williams office is the #1 office of any firm's office in the Portland area, by more than 50% over the 2nd place office. And with over 300 Realtors in our office, its very difficult to get to the top, and stay near the top - again which we constantly do because of you. Again, thanks to our home buyers and sellers for you making this happen for us, we are forever grateful. |
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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 thanks for supporting our real estate team for all these years. Many of you have reached out to me to talk about your real estate concerns. I love catching up with my clients and welcome your calls. Stay safe , ROB LEVY and CAITY ABOUAF
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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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