DIRKS REAL ESTATE REPORT (WEEK 20 – 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 May 17 2023
This week the median list price for Portland, OR 97230 is $475,000 with the market action index hovering around 61. This is about the same as last month’s market action index of 61. Inventory has decreased to 31. 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 May 17 2023
This week the median list price for Portland, OR 97220 is $503,000 with the market action index hovering around 64. This is an increase over last month’s market action index of 62. Inventory has increased to 25. Click here to stay informed with the Portland market!

Fairview, OR 97024
Wed May 17 2023
This week the median list price for Fairview, OR 97024 is $626,975 with the market action index hovering around 47. This is less than last month’s market action index of 55. Inventory has increased to 12. Click here to stay informed with the Fairview market!

Troutdale, OR 97060
Wed May 17 2023
This week the median list price for Troutdale, OR 97060 is $690,975 with the market action index hovering around 71. This is an increase over last month’s market action index of 66. Inventory has increased to 6. Click here to stay informed with the Troutdale market!

Gresham, OR 97080
Wed May 17 2023
This week the median list price for Gresham, OR 97080 is $549,995 with the market action index hovering around 44. This is less than last month’s market action index of 45. Inventory has increased to 77. Click here to stay informed with the Gresham market!

Portland, OR 97236
Wed May 17 2023
This week the median list price for Portland, OR 97236 is $622,450 with the market action index hovering around 55. This is about the same as last month’s market action index of 55. Inventory has decreased to 32. Click here to stay informed with the Portland market!

Portland, OR 97211
Wed May 17 2023
8This week the median list price for Portland, OR 97211 is $627,000 with the market action index hovering around 58. This is an increase over last month’s market action index of 52. Inventory has held steady at or around 36. Click here to stay informed with the Portland market!

What You Need To Know About Home Price News

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RECIPE OF THE WEEK!

Short Rib Sinigang

Ingredient Checklist

• 2.5 – 3 lbs bone-in beef short ribs
• 2 tbsp vegetable oil
• 1-2 tbsp tomato paste
• 1 packet tamarind sinigang mix 
• Tamarind puree to taste
• 2 tablespoons fish sauce, plus more to taste
• 1 small onion, sliced
• 4-5 bunches baby bok choy, rinsed well and ends removed
• 2 tomatoes, sliced in wedges
• 1 handful baby spinach, rinsed well
• Salt
• Pepper
• Steamed rice, for accompanying

Instructions Checklist

• Preheat oven to 350 degrees F. 
• Liberally salt both sides of the short ribs. In an oven-safe stock pot or dutch oven, heat up the vegetable oil over medium high heat. Sear all sides of the short ribs until browned, working in batches. Set short ribs aside.
• In the same stock pot or dutch oven, lower the temperature to medium, then add the onions and tomato paste and stir. Add fish sauce and a cup of water to deglaze, gently loosening the delicious, brown bits leftover from the short ribs that have stuck to the bottom of the pan. Add 3/4 packet of sinigang mix into the liquid. Stir well, then add the short ribs back into the pot. Add just enough water to cover the meat, stir gently, cover with lid and place into the pre-heated oven and cook for 2 hours.
• Take the sinigang out of the oven, then stir and check the meat for tenderness and the flavor of the broth. Add salt, fish sauce, and tamarind purée to your preference, stirring gently to incorporate into the broth. Lower the temperature to 325º and put the sinigang back into the oven to cook for an additional 20 minutes.
• Remove the sinigang from the oven and finish cooking on the stove top over medium-low heat. Add the tomato wedges and let them cook down for an additional 5-10 minutes. Add bok choy and spinach last, and cook until it just wilts but is still bright. Serve with steamed rice and enjoy!

Classic Mojito

Indulgents

• 6 mint leaves, plus additional for garnish
• 1 ounce (2 tablespoons) lime juice
• 1 ounce (2 tablespoons) simple syrup
• 2 ounces (4 tablespoons) white rum
• 2 to 4 ounces (½ cup) soda water

Instructions Checklist

• In a cocktail shaker, muddle the mint leaves. (Here’s how to muddle mint.)
• Add the lime juice, simple syrup, and rum. Fill the cocktail shaker with ice and shake until cold.
• Place ice into a glass, and strain in the liquid. Top off the glass with soda water. Garnish with additional mint leaves.

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