An Encore Please

We've listed a terrific one bedroom condo at the latest Hoyt St project - Encore. It was purchased last December but a change of plans forces the sale. The unit is on the fifteenth floor overlooking the new Fields Park in the North Pearl District. It's in new condition, staged, and priced well at $389,000.

To see a complete list of Encore properties for sale thru the RMLS  system, please visit our bpr.com web page here: bpr.com/pearl-district-condos-encore.html

 

   

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Real Estate Market Continues to Improve

Recent RMLS reports show pending sales going up, closed sales going up, and new listings going down. This is shifting the supply & demand curve in favor of sellers. Already we are seeing multiple offers in several areas of the city and numerous full price sales. Many agents report multiple offers in the double digits. 

For expert advice on selling or buying a home in today's rapidly changing market, please give us a call.

www.cityproperties.re   www.bpr.com   www.SLLHomes.com
 
  

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How low can interest rates go?

For the second consecutive week, fixed-rate mortgages reached new all-time records lows, offering another big boost to home buyer affordability.

The 30-year fixed-rate mortgage averaged 3.83 percent for the week ending May 10, posting a new record low from last week’s 3.84 percent average. The 15-year fixed-rate mortgage also posted a new record, averaging 3.05 percent this week.

Here’s a closer look at mortgage rates for this week:

• 30-year fixed-rate mortgages: averaged 3.83 percent, with an average 0.7 point, down from last week’s previous record of 3.84 percent. A year ago at this time, 30-year mortgages averaged 4.63 percent. The 30-year fixed-rate mortgage, the most popular choice among home buyers, has averaged below 4 percent for nearly every week — except for one — since Dec. 8, 2011, according to Freddie Mac. 
• 15-year fixed-rate mortgages: averaged 3.05 percent, with an average 0.7 point, dropping from last week’s previous record low of 3.07 percent. Last year at this time, the 15-year fixed-rate mortgage averaged 3.82 percent. 
• 5-year adjustable-rate mortgages: averaged 2.81 percent, with an average 0.5 point, dropping from last week’s 2.85 percent average. Last year, 5-year ARMs averaged 3.41 percent. 
• 1-year ARMs: averaged 2.73 percent, with an average 0.5 point, rising from last week’s 2.70 average. A year ago, 1-year ARMs averaged 3.11 percent.

Source: Freddie Mac

For more information about our teamm please visit our website www.cityproperties.re.
For condo information visit www.bpr.com
For single level living visit www.sllhomes.com

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Celebrating another condo sale in the Pearl District. This is a 1375 sqft, 2 bedroom, 2 bath unit at Tanner Place. The condo comes with 2 parking spaces which helped us sell it for full price in just three weeks.

To learn more about our group, visit us at cityproperties.re

To see a comprehensive list of condominiums available for sale in the Pearl and downtown Portland, please visit our condo site located at bpr.com.




  





    

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Market activity picking up

New reports from RMLS show increasing home sales in the Portland area. That plus a reduced number of new listings coming on the market is pushing our inventory level down. When inventory levels come down, prices can get pushed up. We are already seeing multiple offers in several parts of town.

For more information about our team, visit us at www.cityproperties.re.








 

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Experience matters

Does Your Agent Pass the “10,000 Hour Rule” Test?

We do!!   www.cityproperties.re    www.bpr.com   www.sllhomes.com

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Just Sold at The Avenue

The team just completed a sale at The Avenue Lofts representing the buyer. It was unit 330, a really nice one bedroom unit facing the courtyard. The building has a tax break until 2015 making ownership there more affordable.  Kelly from our team helped the purchaser. The sale price of $255,000 included some of the furnishings.

If you are interested in pearl district condos, please contact us or visit our www.bpr.com website. Here is the feature page we have for The Avenue Lofts.

 
  
   

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