- Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
- If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.
- Let’s connect so you know what’s happening with prices in our area.
Fun Things to do this week…
3rd Annual Sunflower Festival
Sauvie Island’s original and 3rd annual Sunflower Festival!
This year, we planted 14 acres of sunflowers!!!! And the first blooms are just starting to open.
When: Every Wed–Sun, through September 3
Where: Topaz Farm | 17100 NW Sauvie Island Rd. Portland, OR 97231
Sandy Hut 100th Anniversary Celebration
The Sandy Hut is celebrating a significant birthday. We are one century old! Opened in 1923, The Sandy Hut is a beloved, transcending, and iconic institution in Portland. The Sandy Hut located in the Kerns Neighborhood in NE Portland is hitting a milestone on August 19th.
When: Every day, through Aug 16
Where: Sandy Hut Kerns | 1430 NE Sandy Blvd. Portland, OR 97232
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 Aug 16 2023
This week the median list price for Portland, OR 97230 is $500,000 with the market action index hovering around 64. This is less than last month’s market action index of 65. Inventory has increased to 37.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller’s Market
The market has started cooling and prices have been flat for several weeks. Since 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 Aug 16 2023
This week the median list price for Portland, OR 97220 is $457,000 with the market action index hovering around 51. This is less than last month’s market action index of 55. Inventory has decreased to 38.
Fairview, OR 97024
Wed Aug 16 2023
This week the median list price for Fairview, OR 97024 is $612,425 with the market action index hovering around 40. This is an increase over last month’s market action index of 34. Inventory has held steady at or around 14.
Troutdale, OR 97060
Wed Aug 16 2023
This week the median list price for Troutdale, OR 97060 is $550,000 with the market action index hovering around 51. This is less than last month’s market action index of 54. Inventory has increased to 27.
Gresham, OR 97080
Wed Aug 16 2023
This week the median list price for Gresham, OR 97080 is $559,900 with the market action index hovering around 45. This is about the same as last month’s market action index of 45. Inventory has increased to 121.
Portland, OR 97236
Wed Aug 16 2023
This week the median list price for Portland, OR 97236 is $498,950 with the market action index hovering around 48. This is an increase over last month’s market action index of 47. Inventory has increased to 58.
Portland, OR 97211
Wed Aug 16 2023
This week the median list price for Portland, OR 97211 is $699,950 with the market action index hovering around 59. This is less than last month’s market action index of 65. Inventory has decreased to 44.
Portland, OR 97232
Wed Aug 16 2023
This week the median list price for Portland, OR 97232 is $862,450 with the market action index hovering around 47. This is less than last month’s market action index of 52. Inventory has decreased to 10.
Equity Is a Game Changer for Homeowners Looking To Sell
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. Read more
Where Are People Moving Today and Why?
Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. 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!
Grilled Pork Chops
Ingredient Checklist
- 1/4 cup honey
- 2 tablespoons vegetable oil
- 1 tablespoon apple cider vinegar
- 1 teaspoon ground cumin
- 1/2 teaspoon red pepper flakes
- Eight 1/2-inch bone-in pork chops (about 3 ounces each)
- Salt and freshly ground black pepper
Instructions Checklist
- Begin by making the marinade. In a small bowl, whisk together the honey, oil, vinegar, cumin and red pepper flakes. Easy, right?
- Sprinkle both sides of the pork chops with salt and pepper and place in a re-sealable plastic bag with the marinade. Let rest on the counter for 1 hour. That’s easy.
- Heat a grill or grill pan over medium heat. Remove the pork chops from the bag and lightly sprinkle with salt and pepper. Place on the grill and cook until the pork chop releases from the grill, about 4 minutes. Flip and cook on the other side for another 3 minutes. If using a grill pan, be sure to do in batches so you don’t steam the chops. And don’t worry if you have neither; you can do this in a pan. See, easy!
Best Mojito
Indulgents
- 6 mint leaves, plus additional for garnish
- 1 lime, cut into wedges, plus additional for garnish
- 1 1/2 to 2 tablespoons* granulated sugar (6 sugar cubes or 1 ½ ounces simple syrup)
- 2 ounces** white rum
- 2 ounces soda water
Instructions Checklist
- In a medium-sized lowball glass or highball, add the mint, lime, and sugar, adding ½ lime at a a time. Muddle until lime juice is released and mint is fragrant.
- Add the rum and swirl. Add a handful of ice cubes and top with the soda water. Stir once or twice to incorporate and garnish with additional mint and lime wedges.
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