What’s in Store for Portland Metro Buyers in 2013?

The Portland Metro MarketWhat’s in Store for Portland Metro Buyers in 2013?

There is no crystal ball in real estate.  As a local, practicing Exclusive Buyers Agent in the Portland Metro area I do not predict markets.  I deal in the here and now.  Markets change and they can change at a snail’s pace, or rather rapidly.  Toss in to the mix the various, distinct and varied locations, areas, neighborhoods and while one local market might be moving briskly, another type of market may be languishing.

Example:  Right now the Luxury Home Market of Portland Metro is a BUYERS’ MARKET.   However, the overall trend in the Portland Metro market place tends to favor a Sellers’ Market.

My experience has included representing buyers in ALL different types of markets:

  • The stable markets
  • The Buyers’ markets
  • The Boom markets
  • The Bust markets
  • The Sellers’ markets

In ALL markets, my consultation, advice and real estate services are relevant to the CURRENT MARKET at the time.

Do Markets Change and How Does That Affect Portland Metro Buyers?

Do Markets Change:  YES!

Related Article:  North Portland Market Report

 

How does that affect Portland Metro Buyers?

Market trends are important to Portland Metro Buyers when making the large financial decision to purchase a home.  In play are a myriad of things:

  • Current interest rates
  • Market traffic
  • Inventory
  • Condition of properties
  • Ability to finance

Buyers may not like what I have to tell them, but I don’t sugar coat.  Never have, never will.  As we all know, time waits for no one.   This is true in real estate, which is one of the reasons real estate is known as a “Time is of the Esssence” business.

Of the trends I am seeing, inventory has been low in the Portland Metro area for over a year.  Actually, I noticed the trend back in October 2011.  I’m not making it up, please see . . .

Related Article:  October 2011 — Portland Inventory is Down

 

When we are seeing a trend of low inventory, Buyers need to be aware and work the market accordingly.  When consulting with Buyers, I take in to account the CURRENT MARKET.  Not what’s has happened, even six months ago, the market was different.  The first of 2012 was SLOW, then it picked up considerably during March – September.  Then is slacked off for a few months, but by year’s end (2012) properties that were sitting on the market for months and months were SELLING.

Could You Be Priced Out of the Housing Market in 2013?

This was a recent article I read on MSN:  Could You Be Priced Out of the Housing Market in 2013?

The article is about what is going on, overall, in the nation.

For Buyers:

  • Looking for property may not be slim pickings . . . but the level of condition, price and location will mean COMPETITION
  • The more “wants / needs” (criteria) you have, the less inventory there will be.

For Sellers:

  • Perhaps it’s time to put your property on the market. If you have a property in good condition, good location and price it right . . . it will sell!
  • Serious Buyers ARE OUT THERE!!

Current Homes for Sale in Portland

See all Real estate in the city of Portland.
(all data current as of 4/17/2014)

  1. 2 beds, 1 full, 1 part baths
    Home size: 1,814 sq ft
    Lot size: 4,791 sqft
    Year built: 1927
    Parking spots: 1
    Walk Score®: 75
    Broker reciprocity icon
  2. 3 beds, 4 full baths
    Home size: 2,764 sq ft
    Lot size: 10,454 sqft
    Year built: 1996
    Parking spots: 2
    Walk Score®: 23
    Broker reciprocity icon
  3. 3 beds, 2 full, 1 part baths
    Home size: 1,988 sq ft
    Lot size: 6,534 sqft
    Year built: 1999
    Parking spots: 2
    Walk Score®: 34
    Broker reciprocity icon
  4. 4 beds, 3 full, 1 part baths
    Home size: 2,513 sq ft
    Lot size: 20,908 sqft
    Year built: 1950
    Parking spots: 4
    Walk Score®: 20
    Broker reciprocity icon
  5. 5 beds, 4 full, 2 part baths
    Home size: 6,954 sq ft
    Lot size: 1.28 ac
    Year built: 2000
    Parking spots: 3
    Walk Score®: 38
    Broker reciprocity icon
  6. 3 beds, 2 full baths
    Home size: 1,165 sq ft
    Lot size: 6,969 sqft
    Year built: 1928
    Walk Score®: 43
    Broker reciprocity icon
  7. 3 beds, 2 full baths
    Home size: 1,540 sq ft
    Lot size: 4,791 sqft
    Year built: 1900
    Parking spots: 1
    Walk Score®: 86
    Broker reciprocity icon
  8. 4 beds, 3 full baths
    Home size: 4,680 sq ft
    Lot size: 5,227 sqft
    Year built: 1909
    Walk Score®: 85
    Broker reciprocity icon
  9. 4 beds, 3 full baths
    Home size: 1,797 sq ft
    Lot size: 5,227 sqft
    Year built: 1997
    Parking spots: 2
    Walk Score®: 58
    Broker reciprocity icon
  10. 3 beds, 2 full baths
    Home size: 1,226 sq ft
    Lot size: 8,712 sqft
    Year built: 1974
    Parking spots: 2
    Walk Score®: 55
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buyers Agent Portland - Buyer Focused ~~ Buyer Results

Buyers Agent Portland, LLC is an Exclusive Buyer Agency serving the Portland Metro real estate market since 1999.  The brokerage only represents Home Buyers and never home sellers. If you’re looking for a home anywhere in the Portland Metro area, there is no better representation than an Exclusive Buyers Agent.  We assist investors, folks relocating to Portland area, those moving to Portland in-state, home buyers who are looking to down-size or move-up and of course . . . love working with first-time buyers.  I help Buyers in the Portland Metro market find exactly what they need in the Tri-County markets of Clackamas County, Multnomah County and Washington County, as well Portland cities including but not limited to:

When you’re ready, talk to an Exclusive Buyers Agent.

Exclusive Buyers Agents do not work at real estate brokerages that take listings!

An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor
Principal Broker/Owner

Buyers Agent Portland LLC

Office: 503.524.2560
Direct: 503.810.7192

Buyers Agent Portland ~~ 100% BUYER REPRESENTATION . . . 100% of the Time

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All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 4/17/14 8:52 PM PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. All real estate listings are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers.

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