FALL

20

15 |

ISSU

E 0

1

PLACE PORTLANDQUARTERLY

THE TRAILBLAZERSARE BACK

CLIENT PARTY 2015

FALL EVENTS INPORTLAND

The 2015 season is now infull swing. Don't miss agame and check out theirhome game schedule here!

Fall is a magical time in thePacific Northwest- read onfor some fun activities to dofor all ages.

02

03

HOMES, EVENTS, CULTURE

MARKET TRENDSHear from Chad Draper, our Principal Broker on

what is going on in the market today and other

tips and tricks for homeowners and buyers

alike.

Find out what is happening in our city and it's

surrounding areas. .

Whether you're purchasing a home, looking to

refinance or wondering how the lending

economy is doing- Paul Marrs is our resource.

It is a great time to sell in Portland. Check out

our current listings as well as some that have

just sold and remember to let us know when

you're ready to sell too!

We love our clients and we love to share their

stories of finding their home. Whether they are

just starting out, raising a family, or purchasing

an investment property- we are excited to help.

05 04

04 WHATS HAPPENING-PORTLAND

05

06

LOOKING FOR A LENDER?

FEATURED VENDOR

SPADE & ARCHERDESIGN AGENCY

07 LISTINGS FEATURE

08 BUYERS FEATURE

919 NE 19TH AVE SUITE 100PORTLAND, OR 97232503- 444- 5871ADMIN@PLACEPORTLAND.COM

WWW.PLACEPORTLAND.COM

919 NE 19TH AVE SUITE 100

WE ARE YOUR LOCAL REAL ESTATE TEAM DEDICATED TO SERVING OUR CLIENTS ANDCOMMITTED TO BUILDING STRONG COMMUNITIES. LET US HELP YOU FIND YOUR PLACE.

P L A C EP O R T L A N D ' SA N N U A LC L I E N TP A R T Y2 0 1 5

56

41

63

With Pumpkin painting for thekids, a family photo booth, andgreat food and drinks- We'dsay this year's party was asuccess.

Thank you to everyone whocame out and celebrated withus! We can't wait to see youthere again next year.

And don't forget- If you oranyone you know needsanything real estate related-we're always here.

Check out our Facebook page,The Place Portland Team, formore pictures and a videocoming soon!

1 2 3

Putting your home on the market is a

common practice to start off the year.

Many people are looking for a fresh

start with a new environment. What

people don't always consider is that

the preparation stage can take

months. So, now is the time to start!

Whether it be giving everything a fresh

coat of paint or fixing up the

landscaping, I'd be happy to give you a

few ideas of what really attracts

buyers into falling in love with your

home. Although we're headed into the

rainy season, don't let that deter you.

A cozy home is just what people are

looking for!

A team structure allows the client to have the

best customer service as well as providing an

environment for the members to achieve their

highest potential.

Many homeowners in Portland

have heard the term "hot

market" but often don't know

exactly what that means for

them. Whether you bought your

house 30 years ago or 3 years

ago, the value of your home has

most likely increased. In fact, I'd

be happy to meet with you and

talk specifics at no cost to you.

There are many websites that

claim to give you an accurate

opinion of value, but nothing

replaces the value of an in

person expert opinion.

My Dad was in construction and real estate my

entire life and I learned the business from a

very young age.

Chad opens up about why he got into the Real

Estate business in the first place.

I'm committed to helping people find their place

through the process of buying or selling their

home. I enjoy getting to know them and playing

a role in their story.

I love the focus on community, walkability, bike

culture, concern for the environment and

creativity that Portland brings unlike anywhere

else.

Currently in the Portland area,

there is very low inventory of

homes on the market. Which

means you as the seller, are in the

driver's seat. This can mean several

different things including the ability

to lease back your home for a

period of time until you can find a

replacement home. With a

likelihood of multiple offers, you

are in a stronger negotiating

position when it comes to buyer's

repairs. This is a unique situation

that won't last forever, so I would

encourage you to give me a call. If

are hesitant at all, I'd be more than

happy to answer any questions you

might have.

WHATS HAPPENINGPORTLAND METRONOVEMBER

DECEMBER

TRENDS

PROFILELOCAL

SPOTLIGHT

Free food samples, health and nutritionspeakers, chef demonstrations, Fashion &Beauty Stage presentations, Fitness Stageworkouts, restaurants, films, and activitiesfor kids and teens.

Cupcake Girls Portland put on an artist anddesigner showcase connects shoppers withlocal Portland vendors of unique, hand-crafted products.

More than 150 wineries throughout thevalley are throwing open their doors to youfor special tastings, live music, foodpairings, holiday discounts and more. Visitwilamettewines.com for more information.

Each year the city gathers to watch themagical lighting of the tree at the infamousPioneer Courthouse square downtown.

Each year the city gathers to watch themagical lighting of the tree at the infamousPioneer Courthouse square downtown.

A enormous display of lights is an activitythat your family will want to make atradition. Drive through and see thisspectacular display.

This quintessential Portland event hasearned a reputation as the premier winterbeer tasting venue on the West Coast.

Start and Finish line next to Willamette FireStation on Willamette Falls Drive

The enduring tale of Ebenezer Scrooge’spainful past, cruel present, and redemptivefuture springs to exuberant life for a thirdholiday run.

Let’s reflect on this past summer’scompetitive housing market. This summerwas the most competitive since the housingmarket began its recovery in 2012. Therewere more cash offers, above asking-pricebids and rapid-fire negotiations markingdesirable properties than ever before here inPortland. Ten or more offers on a singlehome were not uncommon. The 3,010 closedsales were the most for any September since2005, according to the Regional MultipleListing Service report. The same feat wastrue for this past August. In July of this year,the Portland region set a record with 3,452homes sold. It's important to remember that peoplearen't moving to Portland just for a solidreal estate market. They move here for aworld-class lifestyle, epic outdoor activitiesand a city full of personality. As long asPortland maintains its strict urban growthboundary rules and the economy remainsstable, I expect the Portland real estatemarket to continue its upward trends. If you’re really serious about buying ahouse in the current market for the bestprice, always keep time of year into account.

"This summer was themost competitive sincethe housing marketbegan its recovery..."

As these rainy winter days start here inPortland and the school year moves into fullswing, the real estate market has finally startedto slow down. The Month of Inventory (MOI) for thePortland Metro Market had remainedrelatively steady through August andSeptember as the summer rush of home salescame to a close. Through this year’s fall andwinter, we forecast an increased MOI across allprice ranges as many home buyers postponemoving between school years and the holidayseason. It is important for the consumer to feel100% ready to make such a huge financialdecision and this is usually the case once thewinter months have passed. However, currently we have seen thathomes priced at $299,999 and below typicallysee the smallest change in MOI throughout theyear as there are larger pool of potentialbuyers.

YOUR 2015 BLAZERS ARE HEREB E S U R E T O C A T C H A G A M E T H I S S E A S O N A T T H E M O D A C E N T E R ! W R I T E I T O N Y O U RC A L E N D A R . H E R E A R E Y O U R H O M E G A M E O P P O R T U N I T I E S :

Mortgage UpdateBack to School &Holiday SlowDownby Paul Marrs

If you have any questions or would like toschedule a free consultation, please connectwith me so we can review which programsare best for you.

NMLS- 169

BUYERS FEATURE

Sara and Kim came to me as a referral from some of my favorite former clients.They were recently married and seeking a first home of their own. Their criteriaincluded a home in NE or N Portland that would allow room to build an ADU, ahome with character and a space for a chicken coop. We looked at 5 homes thefirst day we were together and home #4 was the winner. It meets all of the criteriathey were seeking in a home.

The back yard has more than enough room for chickens and an ADU. It has alleyaccess making for a great private ADU entrance for traveling guests or the motherin law. The interior is spacious and in good condition but does allow them tomake their own improvements. This is the perfect place for Sara and Kim. Wewould love to help you find yours.

Adrianna, an transportation engineer working downtown, decided to start herhouse hunt after passing her licensing exam. The search started slow, looking athomes and condos all over East Portland. Her main concern was getting to workefficiently: she bikes avidly and, having worked on the new MAX Orange Lineproject herself, loved the idea of being close to that.

She made a few offers, had a few offers rejected (not unusual in this market!).She even had one offer accepted but backed out due to inspections.

Then, on a beautiful July day, we toured a sweet condo in Milwaukie close towhere the Orange Line will open on the 12th of September. It was just perfectfor her.

Tracy contacted me and said she wanted to be within 1 mile of the new Orangeline MAX station in Milwaukie. She preferred something with character andwas eager to get her hands dirty. Boy, did we ever find what she was lookingfor.

This cute craftsman fixer is within a short walking distance to the MAX stationshe requested and we were able to score it for $56,000 under the original askingprice. There are few surfaces in this home that won't have to be spruced up butthe bones are incredible.

Tracy's New Adventure is an exciting one and I am super happy for her.

LISTINGS FEATURE

This vintage storybook cottage is sure to impress with hardwood floorsthroughout, built-ins and 2 wood burning fireplaces. Boasting a large master suiteand 2 other bedrooms on the main floor, as well as a basement with full bath.Complete with a cedar lined sauna.

The grounds are private with giant sequoia redwoods and beautiful floweringplants. Close to brand new Orange MAX line opening in September.

5 bed / 3 bath / 3408 sq.ft / Sold for $340,000

Sold in 6 days for $10,000 over asking price!

Old PDX style home with plenty of character in great location. Hardwoodfloors throughout. Giant unfinished basement with high ceilings and hugepotential. Plenty of natural light with bay windows in living and dining rooms.Large bedrooms with office off of master.

Walking distance to many restaurants, businesses etc. Walk score 88. Bikescore 93.

2 bed / 1.1 bath / 1980 sqft. / Sold for $445,000

Sold in 5 days for $76,000 over asking price!

This inner SE Portland bungalow is right in the heart of the Brooklynneighborhood. It has been beautifully restored with great detail including newplumbing throughout, updated electrical, earthquake retrofitting and many otherupgrades.

It boasts a farmhouse sink and quartz counter tops in the kitchen and an upstairsmaster retreat. Close to new MAX station, Walk score 81, Bike score 80.

3 bed / 2 bath / 2,006 sqft / Sold for $411,500

Sold in 4 days for $66,500 over asking price!

AMANDA ARMSTRONG

admin@placeportland.com

503-444-5871

amanda@placeportland.com

503.367.9250

919 NE 19th Ave Suite 100

Portland, OR 97232

admin@placeportland.com

503.444.5871

chad@placeportland.com

503.927.6321

AMY BLOOMERCHAD DRAPER

I don't know about you, but when the end of the year approaches, I love to stop and reflect on how the year went. I can honestly

say that this has exceeded my expectations far greater than I could have ever thought. Since our last newsletter, we as the Place

Portland team have relocated to the Keller Williams Portland Central office. This move has provided us with the opportunity to

grow and define more of our identity as a team. We have enjoyed brainstorming how we can best serve you as the client as well

as the Portland community as a whole. We are passionate about seeing people empowered with home ownership and are

honored at the opportunity to do so. This year we have helped over 40 people purchase or sell their homes and are thankful for

their presence in our lives. Many of you have even become friends.

This year, whatever your traditions may be, we hope that you remember the people you care about most and hope you let them

know how much they mean to you. Remember that we are always here, so feel free to give us a call and let us know how we can

serve you or any of your friends headed into this new year.

Now go relax, enjoy some football and eat way too much food.

-The Place Portland Team

As always, please do not hesitate to call or email us if you're interested in buying or selling a home! Any of the numbers or email

addresses above will get straight to us.