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Should anyone buy today in Portland Oregon?

December 17, 2008

Bonjour,

Should anyone buy today?

That is a million dollar question isn’t it?

Properties in Portland Oregon have dropped between 15% and 20% in the past 16 months or so and most people are wondering what’s next!

The Portland area has actually been spared the grant of this real estate bubble mainly because of the urban growth boundary that was put in place in the early 70s which prevented builders from overwhelming the area with new construction. Does this mean that the area is not going to see another 5% to 10% depreciation in the next 12 months? Possibly, but real estate has always been a long term investment and those who have hold on to their real estate over a long period of time have always done well. I travelled the world as well as the US and very few cities offer what Portland has to offer.

Here is why I am I am optimistic about buying now in Portland Oregon:

1. Interest rates today are at 4.75%, 30 year fix

2. It is a buyer’s market (15 months inventory)

3. We may be at “the bottom” right now!

4. Portland is the greenest city in the world

5. There is little traffic congestion

6. It is located 1 ½ hour drive from the ocean and it offers

a. Great beaches

b. Outstanding walks on the sand

c. Fantastic diving

7. It is located 1 ½ hour drive from a major ski resort with

a. Many challenging ski slopes

b. Cross country and snowshoe trails.

c. Fantastic hiking

8. Lots of people are expected to move to the area in the next 5 years

When you will look back 10 years from now, you will be glad that you took advantage of this market. If we aren’t at “the bottom” right now, that means that there are more sellers right now competing for you. After we have hit “the bottom”, there will be more buyers competing for the properties that are on the market. Given the fact that it is impossible to time “the bottom”, which market would you rather be a buyer in? Now is the time to negotiate a terrific deal when more sellers are competing for you, vs. waiting for a market where sellers are getting multiple offers on their listings. It has happen and it will happen again!

I encourage you to call me with any questions.

Merci,

Leave a Comment » | Real Estate Investments | Permalink
Posted by paulkerkar

Foreclosures, Bank Owned, Short Sales in Portland Oregon >$1Million(Portland, Tigard, Tualatin, Beaverton, Aloha, Lake Oswego, Sherwood, West Linn, Stafford, Yamhill)

December 11, 2008

Bonjour,

Portland real estate market and property value remains strong despite the national trend however we do have few foreclosures in the SW Portland Oregon area.

Click on the link below to access properties that are going thru a short sale or a foreclosure from multiple Brokers on the RMLS:

http://www.rmlsweb.com/v2/public/report.asp?type=CR&CRPT2=BgUFB2ddDnZVVFxZQ1VTvizGmbncxvfSrHTbfzGKtnzGwzDzDdgh

An up-dated document is available up-on request.

Thank you

Leave a Comment » | Real Estate Investments, Willsonville | Permalink
Posted by paulkerkar

Foreclosures, Bank Owned, Short Sales in Portland Oregon >$350k<$1Million (Portland, Tigard, Tualatin, Beaverton, Aloha, Lake Oswego, Sherwood, West Linn, Stafford, Yamhill)

December 11, 2008

Bonjour,

Portland real estate market and property value remains strong despite the national trend however we do have few foreclosures in the SW Portland Oregon area.

Click on the link below to access properties that are going thru a short sale or a foreclosure from multiple Brokers on the RMLS:

http://www.rmlsweb.com/v2/public/report.asp?type=CR&CRPT2=BgUFB2ddDnZVVFxZRVNS1SrJTwikbHC4QIXD0zCnNnAzDzDdgh

An up-dated document is available up-on request

Thank you

Leave a Comment » | Willsonville | Permalink
Posted by paulkerkar

Foreclosures, Bank Owned, Short Sales in Oregon <$350k(Portland, Tigard, Tualatin, Beaverton, Aloha, Lake Oswego, Sherwood, West Linn, Stafford, Yamhill)

December 11, 2008

Bonjour,

Portland real estate market and property value remains strong despite the national trend however we do have few foreclosures in the SW Portland area.

Click on the link below to access properties that are going thru a short sale or a foreclosure from multiple Brokers on the RMLS:

http://www.rmlsweb.com/v2/public/report.asp?type=CR&CRPT2=BgUFB2ddDnZVVFxZRlJYzBO6QH2LUnnQu7lbkyp8iDAzDzDdgh

An up-dated document is available up-on request

Thank you

Leave a Comment » | Real Estate Investments | Permalink
Posted by paulkerkar

Market Action & Real Estate Inventory in Portland Oregon

November 16, 2008

Bonjour,

The Portland real estate market is now experiencing the same conditions then most state in the US! As you can see from the link below, our total inventory for Portland is now 11.1 month! What does that mean? It means that if we were to take into consideration the current buying trend with the number of properties available on the market, it would take 11.1 months to get rid of the entire inventory. You can email me any questions at paulkerkar@remax.com or you can visite my website at www.paulkerkar.com for more reports. Pease keep in mind that despite these numbers, I remain obtimistic about our market as it offers buyers with uniques and incredible opportunities, and also because Portland is such a wonderfull place to live in.

market-action-oct-2008

Thank you

1 Comment | Uncategorized | Permalink
Posted by paulkerkar