- Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
- While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.
- Let’s connect so you know what’s happening with home values in our local area.
Fun Things to do this week…
Oktoberfest at Loyal Legion Beer Hall
Get into the spirit of the largest beer event in the world, Oktoberfest! This is the one time of the year we have true German beers and Oregon German-style beers together for you to enjoy and compare.
When: September 16–October 3
Where: Loyal Legion Buckman | 710 SE 6th Portland, Oregon 97214
Wet-Felted Fall Leaves with Wildflowers Handwork
Join us Wednesday, September 20 at 4:00 PM, in celebrating the transition from Summer to Fall by creating wet-felted leaves! In this class, we will use stories and verses to celebrate the Autumnal Equinox and to learn how to wet-felt.
When: Wed, September 20, 4 pm
Where: Hammer and Jacks Mount Scott – Arleta | 6406 SE Foster Rd Portland, OR 97206
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 Sep 13 2023
This week the median list price for Portland, OR 97230 is $497,450 with the market action index hovering around 59. This is less than last month’s market action index of 66. Inventory has increased to 42.
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 Sep 13 2023
This week the median list price for Portland, OR 97220 is $459,900 with the market action index hovering around 48. This is less than last month’s market action index of 53. Inventory has decreased to 35.
Fairview, OR 97024
Wed Sep 13 2023
This week the median list price for Fairview, OR 97024 is $664,272 with the market action index hovering around 52. This is an increase over last month’s market action index of 42. Inventory has decreased to 8.
Troutdale, OR 97060
Wed Sep 13 2023
This week the median list price for Troutdale, OR 97060 is $565,997 with the market action index hovering around 57. This is an increase over last month’s market action index of 55. Inventory has decreased to 22.
Gresham, OR 97080
Wed Sep 13 2023
This week the median list price for Gresham, OR 97080 is $556,900 with the market action index hovering around 43. This is less than last month’s market action index of 45. Inventory has held steady at or around 119.
Portland, OR 97236
Wed Sep 13 2023
This week the median list price for Portland, OR 97236 is $495,000 with the market action index hovering around 45. This is less than last month’s market action index of 50. Inventory has decreased to 53.
Portland, OR 97211
Wed Sep 13 2023
This week the median list price for Portland, OR 97211 is $615,000 with the market action index hovering around 52. This is less than last month’s market action index of 57. Inventory has increased to 47.
Portland, OR 97232
Wed Sep 13 2023
This week the median list price for Portland, OR 97232 is $990,500 with the market action index hovering around 54. This is an increase over last month’s market action index of 53. Inventory has decreased to 8.
Planning to Retire? Your Equity Can Help You Make a Move
Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs. Read more
What Experts Project for Home Prices Over the Next 5 Years
If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected 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!
Chicken Florentine Style
Ingredient Checklist
- 4 boneless skinless chicken breasts
- Salt and freshly ground black pepper
- All-purpose flour, for dredging
- 6 tablespoons (3/4 stick) unsalted butter
- 2 tablespoons shallots, sliced
- 1 tablespoon chopped garlic
- 1 1/2 cups dry white wine
- 1 cup whipping cream
- 1 tablespoon chopped fresh Italian parsley
- 2 (10-ounce) packages frozen cut-leaf spinach, thawed, drained
Instructions Checklist
- Sprinkle the chicken with salt and pepper. Dredge the chicken in the flour to coat lightly. Shake off any excess flour. Melt 2 tablespoons of butter in a heavy large skillet over medium heat. Add the chicken and cook until brown, about 5 minutes per side. Transfer the chicken to a plate and tent with foil to keep it warm.
- Melt 2 tablespoons of butter in the same skillet over medium heat. Add the shallots and garlic and saute until the shallots are translucent, stirring to scrape up any browned bits on the bottom of the skillet, about 1 minute. Add the wine. Increase the heat to medium-high and boil until the liquid is reduced by half, about 3 minutes. Add the cream and boil until the sauce reduces by half, stirring often, about 3 minutes. Stir in the parsley. Season the sauce, to taste, with salt and pepper. Add the chicken and any accumulated juices to the sauce, and turn the chicken to coat in the sauce.
- Meanwhile, melt the remaining 2 tablespoons of butter in another large skillet over medium heat. Add the spinach and saute until heated through. Season the spinach, to taste, with salt and pepper. Arrange the spinach over a platter. Place the chicken atop the spinach. Pour the sauce over and serve.
Grasshopper Cocktail
Indulgents
- ¾ fluid ounce creme de menthe
- ¾ fluid ounce white creme de cacao
- ¼ fluid ounce heavy cream
- 1 cup ice
Instructions Checklist
- Combine creme de menthe, creme de cacao, cream, and ice in a cocktail shaker. Cover and shake until chilled. Strain into a chilled cocktail glass.
Tip
For a blended version, combine 3/4 cup ice, creme de menthe, creme de cacao, and cream in a blender. Blend until smooth.
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