DIRKS REAL ESTATE REPORT (WEEK 09 – 2023)

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 March 01 2023
This week the median list price for Portland, OR is $650,000 with the market action index hovering around 46. This is an increase over last month’s market action index of 43. Inventory has decreased to 724. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Portland, OR 97220
Wed March 01 2023
This week the median list price for Portland, OR 97220 is $425,000 with the market action index hovering around 46. This is an increase over last month’s market action index of 42. Inventory has decreased to 23. Click here to stay informed with the Portland market!

Fairview, OR 97024
Wed March 01 2023
This week the median list price for Fairview, OR 97024 is $499,450 with the market action index hovering around 57. This is an increase over last month’s market action index of 48. Inventory has decreased to 4. Click here to stay informed with the Fairview market!

Troutdale, OR 97060
Wed March 01 2023
This week the median list price for Troutdale, OR 97060 is $485,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 46. Inventory has decreased to 13. Click here to stay informed with the Troutdale market!

Gresham, OR 97080
Wed March 01 2023
This week the median list price for Gresham, OR 97080 is $549,500 with the market action index hovering around 43. This is about the same as last month’s market action index of 43. Inventory has increased to 80. Click here to stay informed with the Gresham market!

Portland, OR 97236
Wed March 01 2023
This week the median list price for Gresham, OR 97080 is $549,500 with the market action index hovering around 43. This is about the same as last month’s market action index of 43. Inventory has increased to 80. Click here to stay informed with the Portland market!

Portland, OR 97211
Wed March 01 2023
This week the median list price for Portland, OR 97211 is $649,000 with the market action index hovering around 47. This is less than last month’s market action index of 48. Inventory has increased to 41. Click here to stay informed with the Portland market!

What You Should Know About Rising Mortgage Rates

One Major Benefit of Investing in a Home

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RECIPE OF THE WEEK!

One-Skillet Chicken With Buttery Orzo

Ingredient Checklist

• Kosher salt, freshly ground pepper
• 6 skin-on, bone-in chicken thighs (about 2 pounds total), patted dry
• 3 tablespoons unsalted butter, divided
• 1 fennel bulb, chopped, plus fronds, chopped
• 1 leek, white and pale green parts only, chopped
• 8 ounces orzo
• ⅓ncup dry white wine
• 2½ cups low-sodium chicken broth, divided
• 1 tablespoon fresh lemon juice
• 1 teaspoon finely grated lemon zest

Instructions Checklist

• Preheat oven to 400°. Rain salt and then some pepper all over chicken. Heat 2 Tbsp. butter in a medium cast-iron skillet over medium-high. Nestle chicken, skin side down, in skillet in a single layer with no gaps (if you can’t quite fit them all, wait until chicken shrinks slightly, then puzzle in the remaining pieces). Cook until meat is opaque around the edges and skin is deep golden brown, 6–8 minutes. Turn chicken skin side up and transfer skillet to oven; bake, uncovered, until chicken is cooked through, 10–15 minutes. Transfer chicken to a plate.
• Set same skillet over medium; combine fennel bulb and leek in skillet and sprinkle in some salt and pepper. Cook, tossing occasionally, until leek is looking golden around the edges, about 5 minutes. Add orzo and cook until pasta is darkened (it will take on a brown hue) to a nice nutty brown in spots and toasty smelling, about 3 minutes. Pour in wine and cook, stirring, until liquid is evaporated, about 1 minute. Add broth ½ cup at a time, stirring constantly and letting broth absorb before adding more, until orzo is tender and broth is mostly absorbed but pan is not dry, 10–15 minutes.
• Remove skillet from heat, Taste and add more salt and pepper to your liking; mix in lemon juice and remaining 1 Tbsp. butter, then chopped fennel fronds. Pile chicken on top and finish with lemon zest.

Cherry Blossom

Indulgent Hot Chocolate

• 1.25 oz 1800 Silver Tequila
• 1 oz lime juice
• 1 oz grapefruit juice
• 25 oz grenadine
• Grapefruit slice or maraschino cherry for garnish
• Salt as needed

Instructions Checklist

• Pour all ingredients into shaker and shake well. Strain into a salt rimmed martini glass or serve over ice. Garnish with a grapefruit slice or cherry.

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