Portland Real Estate Blog

This is a top 100 real estate blog in the world according to Feedspot.com. In particular, this is a local real estate blog written by a top 1% real estate agent in the U.S., Stephen FitzMaurice, Realtor. Stephen regularly reports on the greater Portland metro area’s real estate market including annual housing forecasts and best time to sell or buy a home reports. He gives home selling and home buying professional advice. He also writes informative articles on Portland neighborhoods and suburbs as they relate to the real estate market. Finally, he writes to inform the general public about real estate agents, such as annual average real estate agent commission reports and more.

You can subscribe to this top 100 real estate blog via email or by RSS button below.

Real Estate Market News

Subscribe

Subscribe to our reports by email above or RSS below.


oregon county map

Moving near Portland, Oregon? Check out these 7 County Options.

August 8, 2022

When looking for a new home near a city center like Portland, Oregon, how much do you consider the county where the property is located when making your decision? Counties have important features and facets that can impact quality of life, and their boundaries are not always clear. County policies and practices trickle down to suburban cities and towns, then to individual neighborhoods. Portland is located in Multnomah County, but Multnomah reaches beyond the confines of the city’s boundaries. Also, Portland’s tri-county area consists of Clackamas, Multnomah, and Washington Counties, Oregon’s three most populated, with 1,826,725 total residents, according to Census.gov‘s 2021 report. Multnomah County makes up 803,377 of that number, with Washington County at 600,811 and Clackamas County at...


buried portland oil tank

How Much Does it Cost to Decommission an Oil Tank?

August 5, 2022

If you’re planning to sell your Portland home, you’ll want to think about potential home hazards that might need to be addressed before putting it on the market. If you have an older home, chances are, it has (or had) a heating oil tank, whether it’s in use or not. To ultimately make the sale, you may need to get a certification letter from the Department of Environmental Quality (DEQ) and/or have a new site assessment done. This can apply even to those who have had their oil tanks previously decommissioned but not certified through Oregon DEQ. Testing and then decommissioning is voluntary during your home ownership, but often becomes involuntary after a buyer’s home inspection. Discovered leaking oil tanks...


5 Things You Didn’t Know About Beaverton, Oregon

August 3, 2022

A known city in its own right, Beaverton is nestled between the Tualatin Valley farmlands and the West Hills and one of Portland’s fastest-growing, thriving suburbs. With a population of 97,494, up from 89,803 in 2010, it’s easy to see why so many people are making Beaverton home. The city’s 16 square mile land mass, Washington County’s second largest city, is only seven miles west of Portland and boasts over 100 parks, restaurants, shops, wineries, historic landmarks, and highly recognized corporations. In 2021, we deemed Beaverton the top Portland suburb. We thought we’d take an even closer look to see what makes Beaverton such a unique city. Here’s what we found. Beaverton, Oregon Wants to Make the World a Better...


RIP2 Portland Residential Infill Project Update

August 1, 2022

In our recent article, Top 5 Portland Real Estate Market News Stories so Far 2022, we touched on the most recent update on the Portland Residential Infill Project (RIP1): the development and implementation of RIP2. Portland’s residential infill project, in addition to new home construction rates, and updated ADU (additional dwelling unit) guidelines, help us understand whether or not Portland’s housing supply will increase enough (or not enough) to meet housing demand over time. Here, we’re delving deeper into the expansion of Portland’s new zoning, RIP2, that will allow the construction of multiple additional dwelling units (ADUs) on single-family lots with fewer restrictions. In June, 2022 RIP2 passed and is in effect throughout Portland, Oregon. First, let’s look at what...


portland realtor home value estimate

Portland Home Value Estimate, Realtor Vs. Online 2022

July 29, 2022

The real estate market is shifting fast in Portland, Oregon and around the country. We’ve got your latest month by month report on the Portland market here. If you’re looking for tips on remodeling to improve your home value before going to market, we’ve got that too. You Can’t Trust Online Home Value Estimates When the real estate market is shifting fast, online estimates designed by algorithms get worse and they weren’t good to begin with. In fact, Zillow’s Zestimate is so bad, it nearly bankrupted the company in 2021 when they briefly turned into an online cash home buyer before loosing half a billion dollars in the process. But again, when the real estate market is actively shifting, the...


homes with bathroom suite sell for more

Homes with a Bedroom Suite Sell 25% Faster and for 5% More than those without.

July 27, 2022

Waking up and strolling over to a bathroom without entering an open hallway or main living area in your home is a big deal. A bathroom directly connected to a bedroom, an en suite, French for following or after, is a desired convenience that causes homes to sell for more, a lot more. Perhaps you’re considering adding a suite to your home to increase home value or you’re contemplating the future resale value of a home you want to buy. Either way, let’s find out exactly how more homes with bathroom suites sell for than those that do not have them. To figure this out I’m looking at a select number of homes that fit within what I’d consider to...


questions to ask buyers agent interview

5 Questions to Ask When Interviewing a Buyers Agent

July 25, 2022

Purchasing the wrong home in the wrong neighborhood at the wrong time can cost a home buyer money, peace of mind, and cause undo stress for years on end. So why do many buyers pick their closest friend or the first referral that comes along to be their buyer’s agent? For starters, they might think the job, of being a buyer’s agent, isn’t a big deal. Open doors, write up an offer. But for those that have owned multiple homes or moved around a bit, they know how to choose the best buyer’s agent that will not only open a door for them, but will also help them make the best possible decision for themselves or their family – for...


Portland Real Estate Market Update August, 2022

July 22, 2022

Now that we’re into summer, a time when real estate sales typically increase, the biggest news is that we’re starting to see the slow turn toward inventory exceeding buyer traffic that we wrote about in July, 2022. With significant decreases in both pending sales (-27.5%) and closed sales (-16.8%) across the city, and inventory increasing 11.5% in the past month, this is the long-awaited shift from a scorching hot sellers market. All said, though, we would typically expect to see an inventory increase this time of year. The notable difference is the decrease in sales across the board. Portland Metro Home Prices Continue to Increase While Sales Decrease The general consensus in the real estate world is that prices will...


portland real estate

Top 5 Portland Real Estate Market News Stories so Far 2022

July 20, 2022

Keeping an eye on the market—both nationally and locally—is what we do. Especially over the past couple of years. It’s been hard to anticipate real estate market trends because we’ve been in—still are in—times we’ve never seen before. Now that we’re half-way through 2022, we wanted to provide an update on Portland’s real estate market trends, compared with national models, and see what it all might mean for the remainder of the year. While there’s some disagreement about how the market will pan out for 2022 nationally, we can look at the big picture and draw some conclusions about what might happen here in Portland. Here, we offer the top five real estate news stories at 2022’s half-way mark to...


seller pay buyer closing costs

Should the Seller Pay the Buyer’s Closing Costs? 2022 Report

July 18, 2022

Selling or buying a home and getting approved for a mortgage can be a taxing process, even for those who have done it before. Laws and standards change, and for most of us, we only do it a few times throughout our lives. Closing costs are the biggest upfront financial investment, especially for the buyer. For both parties, the process and jargon involved can be cryptic and confusing. To help demystify the process, we’re breaking it all down here to help you better understand what to expect and when sellers may be asked to pitch in on the buyer’s closing costs. Let’s start with the basics. What are Closing Costs? Both buyers and sellers wind up forking over a substantial...