1805 NE 46th Avenue

Stately Hollywood Foursquare

4 Beds + Office / 2 Baths / 2,657 SF / $589,000

Stately, full bodied four-square in the heart of Hollywood. Grandiose charm and function check all your home buying boxes. Spacious main floor hosts formal living + dining room, original built-in’s, and office or bedroom. Stylized kitchen includes pantry, new range, butcher-block countertops and subway tile. Three bedrooms up plus sunporch. Finished attic great for bonus/play room or bedroom. Loads of potential for unfinished basement with exterior door and rare two car garage. Spacious yard including garden beds and covered front porch to watch the world go by.

Prime location. Located in the central north east, this home has a walk score of 94, and a bike score of 98. With a short walk to downtown Hollywood, explore by foot all the amenities this community has to offer: Whole Foods, Hollywood Theater, Trader Joes, Columbia River Brewery, Nector Cafe, and so much more. In the summer, treat yourself to local fresh fruits and vegetables at the Hollywood Farmers Market. Up the road you’ll find Sandy Boulevard lined with emerging restaurants, breweries and coffee houses. Excellent freeway access, hop on or off 1-84 while still enjoying a quiet, tucked away neighborhood.

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Exterior

Living Room / Dining Room / Kitchen

Office & Sunporch

Bedrooms

Bathrooms

2018 Portland Market Forecast

We met with Windermere's Chief Economist, Matthew Gardner, and want to pass along his thoughts on Portland's housing market. We've get a lot of questions on where the market will head with the impact of new policies ranging from the new tax plan to Portland's tenant relocation costs. Here are the key points we're focusing on. 

Portland is not in a bubble. But price growth is slowing.

The incredible double-digit growth in housing prices we've seen over the past 5 years is not sustainable. We're predicting 2018 home value growth between 6-7%. This is based on This is still strong growth, but less than we've been used to in the past few years. Here are the reasons why:
 

Low supply - there aren't many homes for sale

Supply and demand determine home values. Low supply continues to push prices. Multiple factors are keeping supply low:

• We are living in our homes longer. The average time in a home has nearly doubled from 4 to 8 years over the past decade
• Baby boomers are not retiring and downsizing. This is causing a lot of gridlock and not allowing people to buy move-up homes
• Lack of new construction. Labor, materials, and land costs are keeping new construction at bay. Natural disasters has pulled labor to other markets and increased materials costs
• Remodels are on the rise. People are remodeling their homes instead of moving

High demand - there are a lot of buyers

• Millennials are becoming a strong buying force. As first-time-homebuyers they don't have a home to sell while entering the buyer pool. This is pushing low supply / high demand even further
• Portland remains relatively cheap for west coast cities. The median sales price in San Francisco is $1.2 million
• People who foreclosed in 2008 - 2009 are becoming able to buy again. And they will 
• While housing prices are strong, they are still below the peak by 12% when factoring in inflation

The economy is strong

• Wages are finally beginning grow
• Unemployment continues to contract
• Portland area should add 25,000 new jobs in 2018
• Borrowers are not defaulting
• Average FICO scores on conventional loans are above 750

While all these signs point to continued growth of home values, there's a few reasons growth will begin to slow down:

• Interest rates are rising. We expect the fed to continue their rate hikes throughout 2018 which could increase borrowing rates. A general rule of thumb, is that a 1% increase in interest rates decreases a buyers purchasing power by 10%. 
• Home "flips" are slowing down
• Housing affordability will become a larger concern soon

 

Check out the slides below for a deeper dive:

1217 SE 37th Avenue

The Portland Pueblo Revival

2-3 Beds / 1 Bath / $525,000

A bungalow for the soul nestled between Hawthorne & Belmont. Artistic Santa Fe touches fill the home with character and warmth. Hardwoods, built-in's and craftsman details throughout. Striking the perfect harmony of patina and modern, the remodeled kitchen showcases a Viking range, new cabinets and countertops. French doors off kitchen lead to lovely summer deck dining. Watch the world go by on the covered front porch. Main floor hosts oversized master, or option to separate into two rooms. Additional bedroom and loft upstairs. Unfinished basement holds great potential.

Amazing central Portland eastside location with a walk score of 96 and a bike Score 100. Two blocks from Sunnyside Environmental School, minutes from Laurelhurst Park, and a perfect Saturday stroll to the top of Mt. Tabor. A kitchen pantry that extends to New Seasons and Fred Meyers only blocks away. Energy fills the streets with top local attractions such as Powell's Bookstore, Bagdad Theater and the shopping. Explore some of Portland's top eateries including Three Doors Down, Bread and Ink Cafe, Harlow and satisfy your sweet tooth at Blue Star Donuts. 

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Exterior & The Neighborhood

Living Room / Dining Room / Kitchen

Bedrooms

Bathroom

15023 SE Diamond Dr, Clackamas

Quality Craftsmanship In Quiet Cul-de-sac

4 beds / 2.5 baths / $469,000

Quality construction in quiet community. Perched on cul-de-sac and backing to green space, experience your own slice of serenity. 3 bedrooms upstairs, plus 4th bedroom and bonus/2nd family room in fully finished basement with excellent ceiling height. Master suite features walk-in closet, dual sinks, and soak tub overlooking greenery.  Extra upgrades include water feature at entrance, hardwood  floors, built-in shelves in garage and AC.

Fantastic location sitting between Clackamas and Happy Valley. Minutes from the freeway entrance, yet located in a quiet, tucked away community. Enjoy local amenities including Happy Valley Station Food Carts, Mt Talbert Nature Park, Grocery shopping, Mod Pizza, and much more. This home feeds into Sunnyside Elementary, Rock Creek Middle, and Clackamas High School.

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Front & Backyard

Kitchen // Living Room // Dining Room // Family Room

Bedrooms & Bathrooms

7000 SW 63rd Avenue

Southwest Cottage Ranch

3 Beds / 1.5 Baths / $515,000

Matterport 3D Showcase

A fairytale setting on a sprawling, oversized corner lot, this home is straight from the page of a storybook. Pitched eaves and angular additions add eye-catching character and charm. Peg hardwood floors, built-in breakfast nook, and kitchen saloon doors add to this home's personality. Striking brick fireplace wall anchors living room off kitchen and dining room with wall of windows and exterior door to backyard. Vaulted family room steals the show with slider to yard and view of historic heritage tree. Modern amenities include newer roof, gas furnace/water heater, electrical and skylights.

Highly coveted Maplewood hosts wide streets, trails and great schools. Minutes from the SW community center and Multnomah Village, where locals enjoy restaurants, live music and 92 acre Gabriel Park. Easy freeway access, 5 miles to downtown.

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Front & Backyard

Living room // family room // kitchen

Bedrooms // Bathrooms