News & insights
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...
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
If you're just finding us or you haven't seen us in a while, this is us. You can subscribe to our YouTube Channel if you'd like to be first in line to see our listing videos.
Stall Front Inspiration
One the most impactful design considerations when building or renovating a horse property will be choosing the stall front and door. Not only do stall doors get frequent use, but they also provide a barn’s eye-level aesthetic and determine an equine occupant’s access...
3 Local Escapes for Willamette Valley Equestrians
One of the things we love about the Pacific Northwest is easy access to the great outdoors. Here are our favorite places to camp with horses and hit the trails or the long beach of a wide open ocean! Riley Horse Campground / Ramona Falls West of Mt. Hood and 7 miles...
3 Products for Horses and Their People in High Temps
Dang, it’s hot here in the Pacific Northwest this weekend. Here are three things to order right now to help you help your horses through a heat wave. Cooling Down the Barn “Kool Kurtains are a new, technically-advanced product that are scientifically proven to...
June Portland Metro Area Market Highlights
Residential Highlights New listings (4,295) decreased 0.1% from the 4,298 listed in June 2021, and increased 11.5% from the 3,853 listed in May 2022. Pending sales (2,563) decreased 27.5% from the 3,534 offers accepted in June 2021, and decreased 17.9% from the...
Wondering what you can afford?
In the charts below you will see that borrowing costs have risen 74% since January of this year, the second most significant increase in such a short span in over 30 years. The trajectory is incompatible with market pricing and wages. Something will eventually give...