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Oregon & Metro Area February Stats

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%.

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Washington February Market Stats

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.

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Portland Metro January Metrics

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!

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Rodeo Advocacy Round Up

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.

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Crystal Rilee Equestrian Park Update

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. 

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Crystal Rilee Equestrian Park Update

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.

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November Portland Metro Numbers

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.

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Pacific Northwest Real Estate Outlook

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.

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A Relatively Stable October in Portland Area Real Estate

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...

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September’s Shift

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...

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Portland Metro Real Estate Perspective

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...

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Speak Up On Parrett Mountain Trails Before It’s Too Late

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...

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August 2022 Portland Metro Market Snapshot

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...

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North Willamette Valley Market Action Roundup

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.

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Preventing and Responding to Wildfire Risk at Home

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...

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Portland area still a Seller’s Market

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,...

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Thoroughbred Real Estate Group 2022

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.

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Stall Front Inspiration

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...

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3 Local Escapes for Willamette Valley Equestrians

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...

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3 Products for Horses and Their People in High Temps

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...

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