Why Summer’s Real Estate is Hot

Wow, wow, wow! As we adjust to new normals, real estate is on the move. People seem to be getting clear on what it is they want and making moves to make it happen!

It’s very unusual for a market to be simultaneously advantageous to buyers and sellers alike. But here we are in the Northwest with low inventory, high demand and low interest rates.

Portland metro area transactions show fewer listings on the market than the same week last year for the 14th consecutive week and the 6th consecutive week of more pending listings than the same week last year.

 

The graph above illustrates the Percentage of Change from the same week, the prior year:

– Newly listed properties are down 13% compared to the same week last year.
– Pending listings are up 20% compared to the same week last year.
– Cancelled listings down 48% over the same week last year.

We have more than half a dozen pending listings over the last 30 days on both small acreages and extensive equestrian estates and even condos. Many of our transactions never make it onto the market. If you’re looking for something particular, please let us know and we’ll be happy to help.

See a few hot listings and recent sales below!

As I pen this email, there’s Champagne chilling in my fridge to celebrate the sale of Allynbrooke Stables with former owner and my now good friend Hadley. What’s worth even more though, is the friendship we’ve forged along the way.

Welcome Jon & Fawn, new proprietors to the Allynbrooke Stables family! They can’t wait to take the reins and continue supporting this close knit community with the highest level of care.

We are actively working to increase our inventory and help buyers find just what they’re looking for. If you’re getting clear about a change you need to make and would like real estate advice to explore possibilities, please contact us. We have agents serving Willamette Valley, Portland Metro, SW Washington and Central Oregon.

– Ryann, Thoroughbred Real Estate Group

 

Sherwood Forest Equestrian Center & Home

 

 

Adnara Equestrian Center & Homes in Aurora

 

Rare 20 Acre Opportunity on Parrett Mountain

 

close

Join our E-Newsletter