Agent Profile
Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. They have been featured on HGTV's "House Hunters" 3 Episodes & "My House is Worth What?" 4 Episodes.
New Tools For Home Buyers
First, we have an iPhone application that has been created by Zillow.com that allows you to look up a listing while you are out and about. A lot of home searching is done on the move, driving around neighborhoods you are interested in. This way you can find out the price, number of bedrooms and bathrooms and the square footage without having to go home and log on your computer. This app uses GPS so the map can follow you.
InvestorLoft.com is a website with a new tool called PropScout that can help out those who are looking for the investment. There are those buyers out there who do not care what the house looks like, only what the house could be worth. Included are search filters that can find the biggest discrepancies between the listing price and the estimated value. They can also be ranked by amount of profit or percentage of profit.
Trulia.com has a new filter that enables consumers to search listings for price reductions. You can also look up the number of times the price has dropped, when it dropped, by how much and the percentage of the reduction. This way you can gage how desperate the seller is or if they are due for another price reduction.
Some say the future of real estate marketing is in video. Which is why YouTube and Coldwell Banker has started a channel where you can watch agents talk about real estate in their specific areas. It will even feature video listings which can offer greater detail of a home before you even head out to see it in person.
Finally we have Cyberhomes.com for a market report. This service costs $9.95 and offers projections for specific neighborhoods and includes 12- and 24-month price-change forecasts. It also reports the number of distressed, foreclosure and REO properties within a ZIP code and then compares that to the rest of the metro area and the state. You can also find the strength of your market and the predicted volume of sales in the next year.
http://money.cnn.com/galleries/2009/real_estate/0906/gallery.New_homebuying_tools/
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
5870 SW Ralston Dr, Portland OR 97239
Looking for the perfect scenic lot to build on? Looking for a cozy house to dwell in while developing your building plans? This incredibly charming home features gorgeous hardwood flooring with custom inlays, extra large windows for abundant natural lighting, and a very rare .50 acre buildable lot in Hillsdale! Awesome views and lot potential. Adjacent lot also available.
6327 SE 142nd Ave, Portland OR 97236
NEW flat screen TV, Washer, Dryer Stove/Oven & Fridge to be included. SELLER SAYS BRING ALL OFFERS! Looking for a great value or first home in Portland . . . this is it. This charming home features a huge master suite w/sitting area, modern interior colors, spacious open floorplan, pergo flooring,
14305 SW 100th Ave, Tigard OR 97224
Seller financing & lease option available! This stylish home, on over a 1/3 acre, has been meticulously renovated from top to bottom. Huge gourmet kitchen, w/slab granite, tile backsplash, and high-end stainless appl., opens to huge greatroom w/beautiful hardwoods, & floor-to-ceiling view windows. Spacious family room w/fireplace & wet bar, elegant bathrms w/designer fixtures,
10155 SW Murdock St, Tigard OR 97224
Fantastic remodeled Tigard colonial on rare fully fenced 1/2 Acre Lot! The privacy of a huge lot and the convenience of quick access to shopping, dining, and schools. Completely renovated from Granite counters & maple cabinets in kitchen to new vinyl windows & carriage style garage doors. The home is a must see! LEASE TO OWN & SELLER FINANCING AVAILABLE. Call for details.
5126 NE 15th Ave, Portland OR 97211
Location, location, location! Fantastic Portland bungalow in the heart of the Alberta Arts District. This clean, neat and spacious home features extensive hardwoods, all new windows, remodeled kitchen and bathrooms, high ceilings, period built-ins and touches, and tons of room in the light filled basement. Just yards away from Alberta St and shopping & dining.
Real Time Portland Metro Real Estate News
The PORTLAND market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 16. With several months of inventory available at the current sales rate, buyers should find ample choice. The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
February Market Report
February Residential Highlights
The Portland metro area market improved in February compared to a record low January, but remains slow compared with February 2008. Comparing February 2009 with the same month in 2008, closed sales dropped 38.1%. Pending sales also fell 30.5%. New listings decreased 19.7%. On the other hand, when comparing February 2009 with January 2009, closed sales grew 17.1% (857 v. 732) and pending sales were up 3.3% (1,276 v. 1,235). New listings, on the other hand, dropped 17.3% (3,471 v. 4,196). At the month’s rate of sales, the 14,188 active residential listings would last approximately 16.6 months, down from a record 19.2 months in January.
Sale Prices
The average sale price for February 2009 was down 12.9% compared to February 2008, while the median sale price dropped 7.5%. Month-to-month, the average sale price and median sale price are both up when compared with January levels; the average sale price increased a slight 0.4% ($298,500 v. $297,200) and the median sale price was up 3.6% ($259,000 v. $250,000).
Year-to-Date
Comparing January-February 2009 with the same period in 2008, closed sales dropped 35.8%. Pending sales also fell 29.1%. New listings decreased 17.2%.
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
Portland Inventory Report
Watch for our real-time updates on the Portland Area Real Estate Market!
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
Time To Buy A House
No matter what the market condition, there is always going to be a group whose turn it is to be in the most advantageous position. Right now it is the first-time home buyer. This is evident by the stat saying 41% of buyers at the end of ‘08 were first-timers.
This stroke of luck is for a few reason. With the new lower prices they are able to afford better than they could before, if they could afford anything at all before. Not to mention all that inventory just sitting there, sellers are negotiating.
Then there are the low interest rates that compliment the low home prices so perfectly. It’s like stars are aligning.
Of course buyers right now have to have good credit and a significant down payment, but if a buyer has that in order they are in a great position to get a deal.
There is still a question of whether or not prices have hit bottom yet, but there will always be that risk. Perhaps it means a buyer can take the time to find the perfect deal.
http://online.wsj.com/article/SB123431356988570855.html?mod=rss_Today%27s_Most_Popular
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
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Keller Williams Realty Portland Premiere
17700 SW Upper Boones Ferry Rd
Portland, OR 97224