DIRKS REAL ESTATE REPORT (WEEK 30 – 2023)

Purchasing a home in a changing real estate market can be both exciting and challenging. A changing market typically refers to a time when there is a shift in supply and demand dynamics, interest rates, or economic conditions, which can impact housing prices and availability. Here are some tips to help you navigate the process:  Read more

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: Multiple dates through August 30
Where:  Arlene Schnitzer Concert Hall SW Portland |1037 SW Broadway Portland, OR 97204

Chamber Music Northwest: Poetry in Music
For their 53rd annual summer festival, Chamber Music Northwest will flex a wide-ranging repertoire of concerts for a five-week festival that celebrates the confluence of poetry and chamber music. 
When:  Through July 29
Where: Various Locations – Around Portland

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 July 26 2023
This week the median list price for Portland, OR 97230 is $475,000 with the market action index hovering around 65. This is an increase over last month’s market action index of 63. Inventory has held steady at or around 35.

Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller’s Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Portland, OR 97220
Wed July 26 2023
This week the median list price for Portland, OR 97220 is $457,450 with the market action index hovering around 55. This is less than last month’s market action index of 66. Inventory has increased to 44.

Fairview, OR 97024
Wed July 26 2023
This week the median list price for Fairview, OR 97024 is $609,925 with the market action index hovering around 34. This is an increase over last month’s market action index of 33. Inventory has held steady at or around 16.

Troutdale, OR 97060
Wed July 26 2023
This week the median list price for Troutdale, OR 97060 is $599,990 with the market action index hovering around 54. This is less than last month’s market action index of 58. Inventory has increased to 19.

Gresham, OR 97080
Wed July 26 2023
This week the median list price for Gresham, OR 97080 is $553,500 with the market action index hovering around 45. This is less than last month’s market action index of 47. Inventory has increased to 114.

Portland, OR 97236
Wed July 26 2023
This week the median list price for Portland, OR 97236 is $519,550 with the market action index hovering around 47. This is less than last month’s market action index of 50. Inventory has increased to 55.

Portland, OR 97211
Wed July 26 2023
This week the median list price for Portland, OR 97211 is $695,000 with the market action index hovering around 65. This is an increase over last month’s market action index of 64. Inventory has increased to 47.

Portland, OR 97232
Wed July 26 2023
This week the median list price for Portland, OR 97232 is $789,900 with the market action index hovering around 52. This is an increase over last month’s market action index of 49. Inventory has decreased to 11.

Owning Your Home Helps You Build Wealth

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term Read more….

Homebuyers Are Getting Used to the New Normal

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. 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!

Smoker-Free Smoked Salmon

Ingredient Checklist

• 1 pound Coho salmon 
• 2 tablespoons sea salt 
• 2 tablespoons light brown sugar 
• 3 tablespoons Marshall’s Haute Sauce, Smoked Habanero Barbecue, divided 
• ¼ cup cherry wood chips 

Instructions Checklist

• Rinse the salmon, pat dry, and remove the pin bones. Cut into two equal 8 ounce pieces. 
• Mix the salt and sugar together on a rimmed plate. Rub the salmon on all sides with the mixture, until no cure remains on the plate. Place into the refrigerator for 30 minutes. 
• Rinse the cure from the salmon, and wrap in paper towels to dry, let sit, wrapped, for 10 minutes. 
• Preheat an oven or grill to 200 degrees Fahrenheit. 
• Line two sheet pans with foil; leave excess foil overlapping the edges of the pans. Fit a rack into one of the sheet pans and lightly coat with oil.
• In a small skillet, over high heat, toss the wood chips until they begin to smoke, about 3 minutes. 
• Place the wood chips in the center of the sheet pan. Place the wire rack over the wood chips. Put a piece of salmon, skin side down, into each side of the rack. Paint each piece of salmon with smoked habanero barbecue sauce; reserve 1 tablespoon. 
• Place the other sheet pan upside down over the top of the salmon, creating a lid. Fold the foil over the edges to create a seal. Place in the center rack of the oven, or on the grill. Cook undisturbed for 2 hours. 
• Carefully open the pan, letting the steam escape. Turn the oven to broil, or grill to high. Brush off any moisture released from the salmon and paint the fish with the remaining sauce. Once broiler is heated, place the pan back in the oven for 6-8 minutes, until wood chips begin to smoke, and sauce is caramelized. 
• Finished smoked salmon can be stored in the refrigerator for 1 week, or vacuum sealed and stored in the refrigerator for 2 months. 

Yogurt-Chevre Mousse

Indulgents

Serves 5

• 2 cups Greek yogurt
• 4 oz chevre, room temperature
• 8 oz white chocolate chips, melted
• ¼ cup milk

Instructions Checklist

• Melt the milk and white chocolate chips together in the microwave, stopping every 30 seconds to stir, or in a double boiler on the stove, stirring constantly. Add the chevre to the chocolate mixture and whisk well until no lumps remain. Add the yogurt and whisk until combined. Cool in the refrigerator, then serve with fresh or roasted seasonal fruit (try roasting berries or stone fruit in the oven with a drizzle of olive oil!)

House For Sale

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