News & insights
A Sit Down at Brindle Ridge Farms
Brindle Ridge Farms, a hunter/jumper training, boarding and riding school conveniently located in Ridgefield, Washington is for sale. Features of this well-designed equestrian center and estate include: brand new 75' x 180' indoor arena with 10 stalls, new outdoor...
3 High Temp Products for Horses and Equestrians
May has given us a swift reminder that summer is already upon us!
It’s hot here in the Pacific Northwest. Here are three things to order right now to help you help your horses through a heat wave.
Crystal Rilee Park Trails Open Saturday with Designated Areas for Horses and Bikes
Bob and Crystal Rilee Park Trails reopen to horses and bicycles Saturday, May 13th.
May Mortgage News
Get the latest May Mortgage News. Recently there has been a slew of misinformation reported on FHFA’s changes to Loan Level Price Adjustments (LLPAs), specifically, news citing that high-credit borrowers will be charged more than low-credit borrowers.
Kentucky Derby Watch Party Roundup
The Kentucky Derby is one of the most exciting sporting events of the year, and it’s only fitting to watch it in style. Here are some of the best watch parties in Oregon Wine Country, where you can enjoy a delicious meal, a glass of wine, and the best view of the race.
Templeton Equestrian Center For Sale in Beavercreek
This impeccably designed and maintained Willamette Valley equestrian center comes with an established boarding record and access to the 3,000 acres Port Blakely trail network just out the back gate!
Holding Out for a Crash? Don’t
Here in the Portland Metro and Willamette Valley, while velocity and overall real estate transactions continue to be slower than a year ago, the data IS NOT showing any hint of a crash. Real estate consumer sentiment is actually rising, homes that come to the market are still continuing to move, and homes are again selling for over list price.
Postponed: Crystal Rilee Equestrian Trails Work Party
Equestrian trails work party to further strengthen the equestrian community’s commitment to preserving equestrian access to Crystal Rilee’s legacy of an equestrian trail network in the Willamette Valley’s Wilsonville/Newberg area. This event is postponed due to Oregon rain. New date TBD.
Parks & Rec Candidates To Attend Trails Work Party
Jason Fields and Matt Smith, both running for the two at-large positions on the Chehalem Parks and Recreation board, will join the equestrian trails work party on Parrett Mountain Saturday, April 8th.
Q1’s Stable Pricing and Low Velocity
Stable Pricing and Low Velocity as 2023’s Q1 ends. As we head into Q2 here’s what we’re seeing in the Buyer demand remains strong – absorption is in the 95-100% range and Days on Market is falling.
JUST LISTED HORSE PROPERTY IN AURORA, OREGON
How many times have you seen a revolving tack wall?
This is a beautifully developed equestrian estate in an amazing Willamette Valley locale, offered at $1,300,000.
Big Snow Days on the Farm
To anyone who was stuck in Portland or on a freeway trying to get home, our sincerest condolences. That was a surprising weather system to experience so late in February.
Oregon & Metro Area February Stats
Inventory decreased to 1.9 months in February. Total
market time increased to 71 days.
Comparing the first two months of 2023 to the same
period in 2022, new listings (3,727) decreased 24.1%,
pending sales (3,396) decreased 27.3%, and closed sales
(2,537) decreased 33.8%.
Washington February Market Stats
Low inventory is once again creating multiple offers where good inventory is absorbed quickly. Sellers getting into the market now have less competition. The addition of 5,231 new listings during February was around 300 more than January, but down from the year-ago volume of 7,920 new listings.
FHA Insurance Premium Reduction & Interest Rates
A 400k FHA loan would previously have required a mortgage insurance premium of $283.33/month. That same premium is now just $183.33/month, a savings of $100.00/month or approximately 15k in additional buying power.
Portland Metro January Metrics
Here in the metro area, new listings decreased 16.0% from the 2,307 listed in January 2022, and increased 80.6% from the 1,073 listed in December 2022. But inventory is still LOW!
Rodeo Advocacy Round Up
The Los Angeles City Council is pushing an ordinance to ban rodeos in Los Angeles. The language is broad and will reach into other areas that impact the western way of life and other events that include livestock. Here are a few helpful resources and tools for understanding and advocating for western sport in your area.
Crystal Rilee Equestrian Park Update
At last week’s Chehalem Heritage Trails Advisory Committee meeting, use recommendations to be made to Chehalem Parks and Recreation District were presented and discussed. These include the separation of the East (cyclists) and West (equestrians) sides with the installation of supporting signage.
December Portland Metro Numbers
Inventory and Total Market Time Inventory decreased to 2.3 months in December.
Washington’s Median Home Sales Price Up Almost 9% Over December 2021
Washington’s December 2022 prices were modestly lower than December 2021, but the median home sale price for all of 2022 was significantly higher than in 2021. The median price overall increased by $50,000, or nearly 8.9%.
Crystal Rilee Equestrian Park Update
CPRD is currently requesting bids (RFQ) to submit plans, costs, and timelines to adopt a master plan. This WILL BE OPEN TO PUBLIC INPUT and posted on the CPRD website. At this time, there is not a clear timeline for this process.
Washington November Market Snapshot
November Washington Real Estate Statistics
November Portland Metro Numbers
Comparing the first eleven months of 2022 to the same period in 2021, new listings (35,093) decreased 9.7%, pending sales (25,721) decreased 23.5%, and closed sales (26,473) decreased 18.5%. Average and Median Sale Prices Comparing 2022 to 2021 through November, the average sale price has increased 7.4% from $571,100 to $613,300. In the same comparison, the median sale price has increased 8.1% from $508,900 to $550,000.
Pacific Northwest Real Estate Outlook
According to the Mortgage Broker Association, rates are projected to be at 5.4% by the end of 2023 and 4.50% the end of 2024, so chances are you can refinance out of higher rates.
Buying now is likely to net you more equity in 2024 than waiting on the market.
Equestrian Center For Sale in Ridgefield, WA
Ultra-convenient and super beautiful equestrian center for sale in Ridgefield, WA
October’s NWMLS Market Numbers
October 2022 Washington State Real Estate Market Report Infographics
Back Country Horsemen Talk E-Bikes
the arrival of E-bikes in trail network areas