We hope you all are healthy and managing well with the current restrictions.
We have more good news regarding the real estate market as it continues to respond to the changing guidelines related to COVID-19. Check out our video below to see what's going on!
These statistics are for the Portland, Oregon Metro Area excluding Yamhill and Columbia Counties & Mount Hood Area.
June 2019: 2,756
May 2020: 1,963
June 2020: 2,709 - Down 1.7% from June 2019, but up 38% from last month!
6/16 – 6/30/20: 1,506 6/16 – 6/30/19: 1,327
7/01 – 7/15/20: 1,624 7/01 – 7/15/19: 1,204
Period Total 2020: 3,130 vs Period Total 2019: 2,531
Shows an Increase of 23.7% in 2020 vs 2019
Jan – June 2019 Jan – June 2020
Average Sale Price $456,700 $468,500 Increase of 2.6%
Median Sale Price $407,000 $423,000 Increase of 3.9%
Sentrilock Lockbox Activity has been very strong.
Normally about 25,000 per week this time of year, has been at roughly 23,000 per week the last few weeks which is considerably higher than the 10 – 11,000 at the beginning of the pandemic.
The fundamental reasons for people to buy or sell hasn’t changed, and rates are still very low.
The market is very strong, which seem counter intuitive!
If there is anything that we can do for you, please don’t hesitate to call!
If we can ask a favor, if you know anyone thinking about buying or selling, but they’re not sure about the timing, give us a call. We’ll take great care of them, go through the process with them, and see what’s best for them.
Until next time, thank you and stay well!
When peer-to-peer payment (P2P) apps and mobile wallets make it so easy to spend cash in a flash, it’s good to have a roadmap you can follow to stay on top of your expenses. This information provides some strategies to help you account for cashless means of spending in your budget. Get tips on how to spend responsibly when it comes to P2P apps and other contactless methods of payment. Plus, check out a few great budgeting apps to keep you on track along the way. So whenever you tap your phone or card to pay, you’ll know exactly how that fits into your budget — even if it didn’t actually feel like spending!
Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of June 2020. Click on the image below to see the full seven page detailed report.
As we come through the impact of COVID-19, contactless forms of payment have become more common over the past several months and, going forward, will be important in everyday life. Contactless payment tech is easy to use and healthier than exchanging cash, making it an attractive option for consumers looking for safety and convenience at the grocery store, takeout counter or in some cases, the gas pump.
As this technology continues to catch on in your community, and across the world, we wanted to send you a quick guide to how it all works. The information we are sending this month explains the various forms of contactless payment and where you can use it, plus some security tips for paying with your phone. You’ll learn more about popular peer-to-peer payment apps that allow you to pay someone back without handing off cash.
Our society isn’t going totally cashless anytime soon, but contactless payment is proving to be a secure, cleaner option at the checkout counter. Hope this helps you out next time you’re on a grocery run!
Portland Metro News
Come here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region.