4850 SE 86th Avenue

Botanical Bungalow

2 Beds / 1 Bath / 1,536 SF / $309,000

Perched on a corner lot, this botanic bungalow radiates with light, style and good vibes. Gorgeous hardwood floors welcome you in the living and dining rooms. Mid century kitchen + breakfast nook, full bed and bath live easy on the main. Second bed/loft upstairs. Entertainers yard off kitchen steals the show. Ample storage with oversized garage and full basement.

Located in the heart of booming Lents just two blocks from Lents Park, the local amenities in Old Town Lents and the new development in Downtown Lents. Easy access to everything you need with a walk score of 78 and bike score of 79. Enjoy the community garden at Lents Park in the spring and Portland Pickle games in the summer!

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Exterior + Entertainers Backyard

Living Room, Dining Room & Kitchen

Bedrooms

Bathroom

5205 SE Taggart Ct

Midwestern Bungalow

3 Beds / 1 Bath / 1,788 SF / $450,000

Perched on a bright, corner lot in the heart of South Tabor, this classic bungalow is full of soul and charm. Original hardwoods line the main floor, with the living room nestled around the fireplace. Dining room with built-in cabinets lead to fenced backyard and detached garage. Two bedrooms and bathroom on the main level, third bedroom with wide plank flooring upstairs. Unfinished basement hosts excellent opportunity. A+ location next to the new Franklin HS and track, and only 4 blocks from the heart of Division.

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Exterior

Living Room, Dining Room & Kitchen

Bedrooms

Bathroom

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