News & insights
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
A Relatively Stable October in Portland Area Real Estate
In the last couple of months, the market has achieved relative stasis in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch for changes in the market action index. If the market heats up, prices are...
September’s Shift
All eyes are on the market and we’re not looking away. September numbers are out. Portland metro inventory increased to 2.2 months in September. Total average market time increased to 34 days. Even so, Portland area homes, IF priced properly, and selling for 100.1% of...
Templeton Equestrian Center Now at $2,995,000
30-horse capacity equestrian center, remodeled home, shop, hay storage 30 Minutes to PDX Airport.
Portland Metro Real Estate Perspective
In this video, Ryann shares her perspective on today's market. Inventory in months hasn't moved beyond 2.0 and it would have to get to 6.0 to be a real buyer's market. That's just not going to happen. While the outlook in suburban and rural areas might be rosier than...
Speak Up On Parrett Mountain Trails Before It’s Too Late
One of the absolute jewels of Willamette Valley horse country is the Bob & Crystal Rilee Park and Equestrian Trail network. Crystal was well known in the equestrian community and beloved for her vision and commitment to preserving natural areas for horses and...
August 2022 Portland Metro Market Snapshot
Comparing the first eight months of 2022 to the same period in 2021, new listings (27,629) decreased 6.0%, pending sales (20,730) decreased 16.9%, and closed sales (20,434) decreased 11.7%. Comparing 2022 to 2021 through August, the average sale price has increased...
North Willamette Valley Market Action Roundup
This week the median list price for Wilsonville, OR is $788,975 with the market action index hovering around 59. This is an increase over last month’s market action index of 56. Inventory has decreased to 26.
Preventing and Responding to Wildfire Risk at Home
The threat of wildfire can arrive quickly. As Oregon braces for high winds at the end of summer, here are some basic measures to implement around your home and barn now, and before next year if you haven’t already: Store fuels, pesticides, medicines and other...
Portland area still a Seller’s Market
Wondering what to think about real estate right now? We’ve all seen some alarming headlines over the last few months. We tend to be insulated here in the Pacific Northwest when compared to the national stage. While the market has cooled slightly amidst uncertainty,...
Thoroughbred Real Estate Group 2022
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