My Blog

Life down at Riverscape Properties has been BUSY lately!  In the past week and a half, we've sold 6 homes!!!

Pacifica Tower:
E 105 - ground floor studio home with a HUGE 295 square foot deck!
Q 605 - sixth floor one bedroom home with a great west hills view
B 302 - third floor two bedroom on the SE corner of the building - lots of river views
L 509 - fifth floor 2 bedroom looking north up the river

Townhomes:
72F - 3 bedroom 3.5 bath riverfront unit with a great rooftop deck, 1882 square feet
73H - 2 bedroom, 2.5 bath riverfront unit with TONS of storage, rooftop deck, and ground floor entertaining space, 2153 square feet

To learn more about the great values at Riverscape, and other downtown Portland area condos, call me at 503 473 5097 today!

Below, find a list of the listed units in Portland's Pearl District that have closed in the last month.
If you have any questions on condos in the Pearl or downtown Portland, give me a call.  I'd be happy to help you!

Building Name	Street Address	# of Bedrooms	# of Bathrooms	Square Footage	# of Parking Spaces	Sold Price
Pacifica	1830 NW Riverscape St #407	0	1	764	1	$267,000
	1410 NW Kearney St #914	1	1	837	1	$285,000
Elizabeth	333 NW 9th Ave #713	1	1	993	1	$374,000
Park Place	922 NW 11th Ave #601	1	1	1015	1	$418,500
937	937 NW Glisan St #1235	2	2	1049	1	$486,950
Riverstone	821 NW 11th Ave #423	2	2	1326	1	$542,000
Metropolitan	1001 NW Lovejoy St #809	2	2	1238	1	$628, 750
Park Place	922 NW 11th Ave #1115	2	2.5	1734	1	$795,000
The Casey	311 NW 12th Ave #1203	2	2.5	2652	2	$1,400,000
Metropolitan	1001 NW Lovejoy St PH2	3	3.5	3366	2	$2,500,000

Happy First Thursday, everyone!  It's a nice sunny day in Portland today.
Below, find a list of all the units that have closed in the last month in Portland's Pearl District.  It's a great time to be in the market in downtown Portland.  Great prices on wonderful homes, and interest rates to match!  If you want to find out any more about specific listings or buildings in Portland, let me know, and we'll set up a tour!

Building Name	Street Address	# of Bedrooms	# of Bathrooms	Square Footage	# of Parking Spaces	Sold Price
Park Place	922 NW 11th Ave #714	2	2	1028	1	$430,000
Hoyt Commons	618 NW 12th Ave #217	1	1	783	1	$315,000
Bridgeport	1130 NW 12th Ave #312	1	1	831	1	$280,000
Lexis	1125 NW 9th Ave $420	0	1	566	1	$169,900
937	937 NW Glisan St #632	1	1	943	1	$345,000
The Edge	1410 NW Kearney St #909	1	2	1432	2	$510,000
Metropolitan	1001 NW Lovejoy St #450	1	1	1339	1	$630,000
Metropolitan	1001 NW Lovejoy St #1001	2	2.5	1888	2	$1,236,000
McCormick Pier	710 NW Naito Pkwy  C-1	1	1	691	0	$195,000
McCormick Pier	606 NW Naito Pkwy A-9	1	1	792	0	$187,500
Pacifica	1830 NW Riverscape St #411	2	2	1397	1	$475,000

Below, you'll see the August 2008 numbers for the Portland area Real Estate market.  Our current inventory of listed homes is holding steady at 9.9 months.  The average sale price for August 2008 was down 6.7% compared to August 2007, while the median sale price dropped 7.3% (the table below will illustrate this for you as well).

If you would like to see more detailed information on your specific area, or are interested in Buying or Selling, feel free to call or email me any time!  blake@ellisnw.com 503 473 5097

I'm back!  I've been out of the country for a bit - in Syndey and Kuala Lumpur, but I'm back working away! 

According to a recent article published by Business Week, the Portland market is the #5 best performing market in the country!  Despite a difficult year in the real estate and financial markets, Portland is still a good place to be.
I've attached a link to the article for you to check out.

http://finance.yahoo.com/real-estate/article/105707/Where-Homes-Are-Selling-Fastest 

Also, great news with regard to interest rates lately.  With the news of the government takeover of Freddie Mac and Fannie Mae, rates reacted favorably this week.  I've included our most current price quotes, courtesy of Countrywide Home Loans in the Pearl District.**

        30 yr fix conforming 5.750% at zero points and 5.500% at 1.000 point.
        5/1 Arm conforming is 5.125% at 1.000 point
        30 yr fix non-conforming 6.875% at zero points and 6.500% at 1.000 point.
        5/1 Arm non-conforming 6.125% at 1.000 point

As always, if you or anyone you know is considering buying or selling real estate, I'd love to help!

blake@ellisnw.com

**For any additional financing related information, please contact Jeff Bernhard, Countrywide Home Loans, jeff_bernhard@countrywide.com

RMLS just released the July 2008 Market Action Report yesterday afternoon.  According to the new report, numbers from July pretty closely mirror what we saw in June 2008.  Inventory in the Portland, Oregon metropolitan area did tick up just a bit to 10 months of inventory.  This means that at our current rate of closed sales, it would take 10 months to sell out of our current inventory.  See below for a little more detailed information regarding our most current listings and sales numbers for the Portland, Oregon real estate market.
Click here for the full report. 

The amount of available inventory is holding steady.  The latest numbers show that there are 9.5 months of available inventory, up just a bit from last month's 9.2 months.  RMLS Market action also reported that this is the second consecutive month of i ncreasing sales. Compared with the average sales price from one year ago, we are down 1% To read the full report for June 2008, click here.

I had the pleasure of dining at clarklewis twice in the past couple months, and both times have been SO HAPPY I did!  The combination of a great urban space, unique food, and tasty drinks all ensure that  this restaurant will leave you beyond satisfied. Try it out!  Below, you'll find a little information about the restaurant, as per their website. In what was not long ago a loading dock, clarklewis is a sophisticated gem on the creative frontier of Portland's unpolished Inner Eastside. Chef Dolan Lane's hearty dishes from the wood-fired hearth/rotisserie find their perfect complement in the fresh, unmanipulated flavors of the best in locally-sourced product. Expect the exceptional. serving dinner tuesday through saturday nights 5:30 pm through close, bar opens at 5:00 pm happy hour tuesday through saturday, 5 - 6:30 pm reserve online or call 503.235.2294