- There are only about half the number of homes for sale compared to the last normal years in the market.
- That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight.
- If you’re thinking of selling, let’s connect so your house can stand out while there’s such a shortage of supply and buyers are craving more options.
Fun Things to do this week…
Music on Main
Arlene Schnitzer’s free summer music series is back for its 16th year with an impressive program of local talent performing in the middle of Main Street.
When: Through Aug 30
Where: Arlene Schnitzer Concert Hall SW Portland | 1037 SW Broadway Portland, OR 97204
OMSI After Dark: PetPalooza
Learn how to read your pets’ body language, meet animal experts and pet professionals, and get to know Portland’s amazing adoption agencies.
When: Wed, August 30, 6–10 pm
Where: Oregon Museum of Science and Industry (OMSI) Central Eastside | 1945 SE Water Avenue Portland, OR 97214
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 Aug 30 2023
This week the median list price for Portland, OR 97230 is $492,450 with the market action index hovering around 63. This is less than last month’s market action index of 68. Inventory has increased to 38.
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 Aug 30 2023
This week the median list price for Portland, OR 97220 is $452,500 with the market action index hovering around 53. This is about the same as last month’s market action index of 53. Inventory has decreased to 36.
Fairview, OR 97024
Wed Aug 30 2023
This week the median list price for Fairview, OR 97024 is $619,950 with the market action index hovering around 45. This is an increase over last month’s market action index of 35. Inventory has decreased to 11.
Troutdale, OR 97060
Wed Aug 30 2023
This week the median list price for Troutdale, OR 97060 is $582,000 with the market action index hovering around 57. This is an increase over last month’s market action index of 55. Inventory has increased to 23.
Gresham, OR 97080
Wed Aug 30 2023
This week the median list price for Gresham, OR 97080 is $555,400 with the market action index hovering around 43. This is less than last month’s market action index of 45. Inventory has increased to 123.
Portland, OR 97236
Wed Aug 30 2023
This week the median list price for Portland, OR 97236 is $514,500 with the market action index hovering around 49. This is less than last month’s market action index of 50. Inventory has decreased to 48.
Portland, OR 97211
Wed Aug 30 2023
This week the median list price for Portland, OR 97211 is $615,000 with the market action index hovering around 54. This is less than last month’s market action index of 61. Inventory has decreased to 45.
Portland, OR 97232
Wed Aug 30 2023
This week the median list price for Portland, OR 97232 is $730,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 44. Inventory has decreased to 9.
Why You May Still Want To Sell Your House After All
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: Read more
Gen Z: The Next Generation Is Making Moves in the Housing Market
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z… Read more
Have you heard of HOMEBOT?
Find out everything you need to know about your homes current value here! Learn more
Are you thinking about selling your home?
FIND OUT HOW MUCH YOUR HOME IS WORTH?
RECIPE OF THE WEEK!
Sticky, Saucy Pork Ribs
Ingredient Checklist
For the ribs:
- 5 lbs pork ribs, spare ribs, baby back ribs, or rib tips
- 2 tbsp five spice powder
- Kosher salt
For the fish sauce caramel:
- 7½ g Thai bird chile, stems removed (about 5 chiles)
- 2 cups sugar
- 50 g galangal (about 1 root)
- 50 g lemongrass (about 4 bulbs)
- 5g lime leaves (about 8 leaves)
- ½ cup fish sauce, divided in half
For the roasted tomato jeow:
- 150 g cherry tomatoes (about 12 large)
- 50 g shallots, peeled (about 2 shallots)
- 15 g garlic, peeled (about 3 cloves)
- 6 g serrano or jalapeño peppers, stem removed (about ½)
- 7½ g Thai bird chile, stems removed (about 5)
- 1 tbsp neutral oil
- ¼ can jackfruit, drained (about 1 large piece)
- 45 g lime juice (from about 4 limes)
- Handful cilantro
For garnish:
- Handful cilantro
- Handful fresh mint
- Handful Thai basil
- 2 lime leaves
- 2 tbsp fish sauce caramel
Instructions Checklist
1. Make fish sauce caramel. Peel galangal with a knife and cut into thick slices. Discard the outer layer of the lemongrass and use only the first four inches of the bulb; cut into ½-inch pieces.
Add sugar to pot and begin melting over low-medium heat, adding 1 tbsp of water if necessary. Stir frequently to prevent scorching.
Once melted, add half the fish sauce, then stir to re-melt. Add galangal, lemongrass, and lime leaves, then allow to steep for 1 hour. Strain and discard herbs, then set aside.
2. Make roasted tomato jeow.
Preheat oven to 450 degrees. Mix tomato, shallots, garlic, and chiles in a bowl with oil and salt. Spread in a single layer across a parchment-lined baking sheet and roast for 15–20 minutes, or until tomatoes have charred but garlic has not burnt. Discard any cloves of garlic that have blackened.
Place roasted vegetables in a food processor with jackfruit and blend well. Stir in lime juice and cilantro. Add salt to taste.
3. Cook the ribs.
Preheat oven to 300 degrees. Generously sprinkle ribs with salt, then rub generously with five-spice powder.
Wrap ribs in foil, then place on baking tray and bake for 2 hours. Remove ribs from foil.
If grilling: Brush with some fish sauce caramel and grill over medium heat until charred in spots, continuing to brush ribs with fish sauce caramel periodically until cooked through and tender, but not falling off the bone.
If using the oven: Brush with some fish sauce caramel and roast for another 1–1½ hours, removing from oven every 20 minutes to brush with additional fish sauce caramel.
4. Finish and serve.
Chiffonade herbs for the garnish. Toss ribs in bowl with herbs and fish sauce caramel, and stir to coat. Serve with roasted tomato jeow for dipping and your choice of side.
Hurricane Cocktail
Indulgents
- 50ml dark rum
- 50ml white rum
- 1 passion fruit
- 1 orange, juiced
- 1 lemon, juiced
- 50ml sugar syrup
- 2 tsp grenadine
- 4 cocktail cherries
- 2 orange slices
Instructions Checklist
- STEP 1 Fill a cocktail shaker with ice then add the rums. Scoop the flesh and seeds from the passion fruit and add to the shaker along with the orange and lemon juices, sugar syrup and grenadine.
- STEP 2 Shake well until the outside of the cocktail shaker feels icy cold. Fill two hurricane glasses with fresh ice then double strain the drink into the prepared glasses.
- STEP 3 Garnish each one with an orange slice skewered onto a cocktail stick and a couple of cocktail cherries.
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