DIRKS REAL ESTATE REPORT (WEEK 40)

Fun Things to do this week…

THIS WEEKS REAL ESTATE UPDATE

Numbers help tell a story.

Numbers are powerful, especially when it comes to real estate! Whether you are assess whether it’s a good time to buy, sale or invest these numbers can be very valuable in determining offers or best sales price! PLEASE FEEL FREE TO REACH OUT WITH ANY QUESTIONS

Portland, OR 97230
Wed  Oct 05 2022
This week the median list price for Portland, OR 97230 is $455,900 with the market action index hovering around 42. This is less than last month’s market action index of 44. Inventory has decreased to 73. Click here to stay informed with the Portland market!

Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller’s Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Portland, OR 97220
Wed  Oct 05 2022
This week the median list price for Portland, OR 97220 is $462,000 with the market action index hovering around 45. This is less than last month’s market action index of 46. Inventory has decreased to 67. Click here to stay informed with the Portland market!

Fairview, OR 97024
Wed Oct 05 2022
This week the median list price for Fairview, OR 97024 is $589,000 with the market action index hovering around 45. This is an increase over last month’s market action index of 43. Inventory has increased to 13. Click here to stay informed with the Fairview market!

Troutdale, OR 97060
Wed  Oct 05 2022
This week the median list price for Troutdale, OR 97060 is $500,000 with the market action index hovering around 51. This is less than last month’s market action index of 58. Inventory has increased to 31. Click here to stay informed with the Troutdale market!

Gresham, OR 97080
Wed  Oct 05 2022
This week the median list price for Gresham, OR 97080 is $549,250 with the market action index hovering around 42. This is less than last month’s market action index of 45. Inventory has decreased to 118. Click here to stay informed with the Gresham market!

Portland, OR 97236
Wed  Oct 05 2022
This week the median list price for Portland, OR 97236 is $485,000 with the market action index hovering around 38. This is less than last month’s market action index of 40. Inventory has increased to 91. Click here to stay informed with the Portland market!

Portland, OR 97211
Wed  Oct 05 2022
This week the median list price for Portland, OR 97211 is $524,949 with the market action index hovering around 46. This is about the same as last month’s market action index of 46. Inventory has decreased to 74. Click here to stay informed with the Portland market!

How To Prep Your House for Sale This Fall

The Cost of Waiting for Mortgage Rates To Go Down

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RECIPE OF THE WEEK!

One-Pan Creamy Chicken & Gnocchi
Ingredient Checklist

• 1 tbsp. extra-virgin olive oil
• 8 pieces bone-in short ribs (4 to 5 lb. total)
• Kosher salt
• Freshly ground black pepper
• 3 heads garlic, halved crosswise, one clove reserved
• 1 yellow onion, halved and thinly sliced
• 4 carrots, cut into 2″ pieces
• 4 stalks celery, cut into 2″ pieces, plus leaves for garnish
• 1/4 c. tomato paste
• 2 dried bay leaves
• 1 28-oz. can whole peeled tomatoes 
• 2 c. beef broth
• 1 c. red wine
• 1 tbsp. lemon juice
• 1 tsp. lemon zest

Instructions Checklist

• Preheat oven to 300°F. Heat oil in a large heavy-bottomed pot or Dutch oven over medium-high. Season short ribs all over with salt and pepper. Add short ribs to pot, in batches if necessary, and cook until deeply browned on all sides, about 2 minutes per side. Transfer short ribs to a plate. 
• Pour off all but 2 tablespoons of fat from the pot. Add garlic, cut-sides down, and cook, undisturbed, until golden, about 1 minute. Add the onion, carrots, and celery and season with salt and pepper. Cook, stirring often, until beginning to soften, about 5 minutes. Add the tomato paste and bay leaves and cook, stirring, until beginning to darken on the edges of the pot, about 2 minutes. 
• Add tomatoes and their juices, breaking up the tomatoes with your hands as you add them, and stir to combine. Add the broth and wine and bring to a boil. Nestle short ribs among the vegetables. Cover, and transfer pot to the oven. Bake, stirring and flipping short ribs as necessary halfway through, until meat is very tender, 3 to 3½ hours. Short ribs can be made up to 3 days ahead. Reheat over medium heat. 
• Just before serving, chop remaining garlic clove and celery leaves together and place in a small bowl. Add lemon juice and zest, season with salt and pepper, and toss to combine. Serve short ribs and vegetables topped with celery mixture.
  

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