Close-in heats up

by | Nov 10, 2008 | How to Guides, Uncategorized

There are a couple of interesting changes this year that are making for an exciting year end in Portland. As foreclosures rise and bank owned properties are hitting the market many people with well maintained homes are holding off listing until Spring 2009. This is a change from last year when new listings dropped in December and January but were otherwise level. Now that buyers are back in the game after a few weeks on hold there is more competition for the homes close-in that show well and are priced well. I have been in multiple offer situations on 7 out of the last 8 offers I have written in the last month or so.

I’m predicting that bank owned properties will continue to rise and there will be fewer good homes to look at this winter. Come Spring there will be a glut of new listings and a couple months of lower sales histories [due to more distressed sales] which will make for interesting appraisals in Spring. If you have a nice home and are considering selling, this winter might be a great time to go on the market.


Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington