Today’s housing market is different than it was in 2008.
Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.
If you’re concerned about a crash, meet with a local real estate professional to discuss why this isn’t like last time.
Fun Things to do this week…
Come for a guided educational tour. Snuggle some lambs, chicks, and baby bunnies, then stay for extra activities like pictures with the easter bunny, bounce house, hot drinks, and crafts.
When: Mar 25 – Apr 2, 10 am – 3 pm
Where: Triskelee Farm | 29700 SW Mountain Rd West Linn, OR 97068
Welcome back Spring at the Annual Trillium Festival at Tryon Creek State Natural Area. An educational event for the whole community…
When: Apr 1, 10 am – 3 pm
Where: Tryon Creek State Natural Area SW Portland | 11321 SW Terwilliger Blvd Portland, OR 97219
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 22 2023
This week the median list price for Portland, OR 97230 is $481,250 with the market action index hovering around 55. This is an increase over last month’s market action index of 51. Inventory has increased to 32. 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 22 2023
This week the median list price for Portland, OR 97220 is $474,950 with the market action index hovering around 49. This is an increase over last month’s market action index of 46. Inventory has increased to 26. Click here to stay informed with the Portland market!
Fairview, OR 97024
Wed March 22 2023
This week the median list price for Fairview, OR 97024 is $499,900 with the market action index hovering around 57. This is about the same as last month’s market action index of 57. Inventory has decreased to 5. Click here to stay informed with the Fairview market!
Troutdale, OR 97060
Wed March 22 2023
This week the median list price for Troutdale, OR 97060 is $486,400 with the market action index hovering around 51. This is about the same as last month’s market action index of 51. Inventory has increased to 12. Click here to stay informed with the Troutdale market!
Gresham, OR 97080
Wed March 22 2023
This week the median list price for Gresham, OR 97080 is $549,450 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 22 2023
This week the median list price for Portland, OR 97236 is $550,000 with the market action index hovering around 50. This is an increase over last month’s market action index of 45. Inventory has decreased to 31. Click here to stay informed with the Portland market!
Portland, OR 97211
Wed March 22 2023
This week the median list price for Portland, OR 97211 is $622,500 with the market action index hovering around 51. This is an increase over last month’s market action index of 47. Inventory has decreased to 36. Click here to stay informed with the Portland market!
What’s Ahead for Home Prices in 2023
What Buyer Activity Tells Us About the Housing Market
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!
One-Pan Spicy Chicken Thighs with Orzo
Ingredient Checklist
- 2 pounds bone-in, skin-on chicken thighs (about 6 thighs)
- 2 teaspoons kosher salt
- 4 tablespoons Calabrian chili paste
- 1 tablespoon extra-virgin olive oil
- 1 tablespoon unsalted butter
- 1/2 yellow onion, peeled and diced
- 4 cloves garlic, peeled and thinly sliced
- 8 ounces green beans, cut into 1-inch pieces
- 16 ounce box orzo
- 1/3 cup Parmesan cheese, grated
- 3 cups chicken broth
- 1 tablespoon lemon juice
- 1/2 cup fresh parsley leaves, for garnish
- 2 tablespoons Calabrian chilis, for garnish
- 2 tablespoons lemon zest, for garnish
- flaky salt, to tast
Instructions Checklist
- Preheat the oven to 375 F.
- In a large mixing bowl, combine the chicken thighs, kosher salt, Calabrian chilis and extra-virgin olive oil. Toss to combine, thoroughly coating the chicken thighs.
- Melt the butter in a large 12-inch skillet or Dutch oven on the stove over medium-high heat. Place half of the chicken thighs skin-side down in the hot pan and sear for about 5 minutes, until the skin is golden. Flip to cook the other side, about 3 minutes.The chicken will not be cooked all the way at this point but thats ok because it will finish in the oven. Transfer the seared chicken thighs to a plate, set aside and repeat with the remaining chicken thighs. Scrape any excess marinade from the chicken into the skillet.
- Turn the stove down to medium-low heat and add the onions to the skillet, cooking for about 5 minutes until translucent. Add the garlic and cook for 2 to 3 minutes. Add the green beans and cook for 2 minutes more. Add the orzo to the skillet and mix to thoroughly combine, toasting for about 3 minutes. Turn off the heat and stir in the Parmesan.
- Pour the chicken broth and lemon juice into the skillet and stir to combine. Nestle the chicken thighs back into the orzo mixture.
- Carefully transfer the skillet to the oven. Bake for 30 to 35 minutes until the chicken is cooked through and all the liquid has been absorbed.
- To serve, garnish with parsley, chilis, lemon zest and flaky salt.
Cranberry Champagne Cocktail
Indulgents
- 2 tablespoons Cointreau, or other orange liqueur
- 4 tablespoons 100% cranberry juice (unsweetened)
- 1/2 glass champagne (6 tablespoons)*
- For the garnish: 1 rosemary sprig, whole cranberries
Instructions Checklist
- Place the cointreau and cranberry juice in a cocktail shaker with ice. Shake 15 seconds until cold. Strain the liquid into a champagne flute. (You can skip this step if the cranberry juice is well chilled.)
- Top off the glass with champagne (no need to measure). Garnish and serve. (Note: You can also make a large batch of cointreau and cranberry juice ahead if desired, then measure out 6 tablespoons per glass.)
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