Owner: Oregon Real Estate News URL:http://oregonreal-estate.blogspot.com/ Join Date: Wed, 30 Jan 2008 17:47:29 -0600 Rating:0 Site Description: Oregon Real Estate News and Information Site statistics:Click here
Ashland shows what cultural tourism can do 2008-03-03 09:19:00 The transformer has been the Oregon Shakespeare Festival, which started as a gleam in the eye of founder Angus Bowmer 73 years ago. Today it has three theaters and had a local economic impact of more than $163 million on the Southern Oregon region last year.The festival itself has a $25.9 million annual budget and employs 450 theater professionals. It's among the oldest and largest professional regional repertory theater companies in the United States.
Benton County leads housing price growth 2008-02-27 03:19:00 According to a report by Portland State University’s Center for Real Estate, the median sale price
of homes in Benton County
, home of Oregon State University, grew 13.6 percent between the fourth quarter of 2006 and the fourth quarter of 2007. Similarly, houses in Lane County, home of the University of Oregon, appreciated by 8.8 percent during the same time period.The increases in Benton and Lane counties were the highest of any Willamette Valley county.Comparatively, median home sale prices in Linn County n where the economy is built more on the lumber and wood products industry n grew by 3.4 percent in the same period, compared to 12 percent growth from 2005 to 2006.
Investing in Portland Real Estate 2008-02-23 10:19:00 Portland, Oregon real estate has weathered the subprime storm fairly well. While most of the country has been struggling with tumbling real estate prices, Portland real estate keeps moving along at a study pace.Many people in Seattle seem to think of Portland as the little sister from the south, but Portland is becoming much more than that. In my opinion, Portland has surpassed Seattle in many aspects, with one of the biggest being transportation. Seattle, especially downtown, is dreadful to get around. Traffic is a mess, and other than busses, mass transit is non-existent. Seattle leadership keeps talking about an extended monorail system but years—and millions of dollars—later we are still waiting and wondering if it will ever happen.
Read more:Estate
, Investing
Making Wise Decisions in Today’s Real Estate Market 2008-02-19 04:58:00 Real Estate
Oregon programs: “Making Wise Decisions
in Today
’s Real EstateMarket
” will be held from 7 to 8:30 p.m. on four Tuesdays beginning Feb. 19 at the Phoenix Inn. The programs are free to those who pre-register at realestatetalk@KGAL.com or call 541-791-9310. Topics will include: Feb. 19: understanding today’s real estate market in the Mid-Willamette Valley; Feb. 26: selling your home in a challenging market; March 4: buying a home in an always changing market; March 11: what is investment property and is it right for you?
Real Estate in Salem. 2008-02-16 09:35:00 The Salem
area has avoided the double whammy of sluggish sales combined with falling prices. Demand for housing remains strong enough to maintain prices, averting the downward spiral seen in many other regions.Housing Predictor, a real estate analyst group, forecasts that housing prices in Salem will appreciate 6.5 percent in 2008. Portland, Eugene, Corvallis, Medford and Bend will experience price deflation.
Read more:Estate
, Real Estate
A high-tech sale of Wes Sullivan’s apartments 2008-02-12 03:43:00 When Wes Sullivan died last year, the longtime newspaper columnist and editor left behind a loving, collaborative, word-oriented family – a family that embraced the old traditions of a beach cabin and the new world of multimedia and the Internet.Earlier this month, son Dave Sullivan shared this account of how the family is selling Wes’ beloved apartments. I think you’ll enjoy this look at the melding of old and new:
Oregon invests in housing's bad luck 2008-02-07 03:39:00 The housing slide is bad news for homeowners in a pinch, but it provides a new opportunity for the state treasury to boost pension fund coffers. That's why the Oregon
Investment Council voted last week to sink $600 million in public employee pensions into a Texas private equity firm. Executives at Lone Star Funds say they expect 20 percent or higher returns in the "distressed" markets in the United States and abroad.
Nike moving across the river in Eugene Oregon 2008-02-02 17:07:00 It moved in 1999 to a glitzy new 6,000-square-foot store at the northwest corner of the Market property, following a long construction process peppered with protests over tree-cutting at the site and work conditions at Third World factories.Fifth Street Public Market owner Brian Obie said last month that he has begun preliminary negotiations and planning for a $25 million hotel and condominium building on the Market property
Read more:Oregon
, Eugene
Arbor Homes opens custom design showroom 2008-01-30 19:34:00 At 8,900 square feet, Arbor's new center is the largest in Oregon. In the Northwest, only Seattle-based Quadrant Homes
, which is part of the Weyerhaeuser Real Estate Co., offers larger custom
er showrooms with its two 12,000-square-foot facilities in Bellevue and Lacey
Read more:design
Steady Growth in Portland Real Estate 2008-01-30 03:46:00 And, unlike housing bubbles that eventually popped in other major U.S. cities, growth in Portland’s real estate market has been largely contingent on population and employment, Max Sinclair, a real estate broker and Realtor who specializes in luxury and investment properties in Portland area, said. This has lent itself to steady growth in Portland, in spite of a potential national recession. “Oregon has one of the lowest foreclosure rates in the country,” Sinclair said. “The market [should] continue at a steady rate of growth of 5 to 7 percent during the economic recovery period.”
Read more:Estate
, Growth
What to Expect in the Portland, Oregon Real Estate Market 2008-01-30 03:43:00 First, the condo market in the Downtown area is annoying me at the moment. As it would seem, there are also quite a few developers and builders with broken crystal balls. When the market was strong they borrowed and broke ground. Only thing was they didn’t see the lender hiccup in the 3rd quarter. So, in the midst of some really nice condo projects, they panicked. Rather then keeping the condos live and active, they pulled them turning for-sale into for-rent. Which is a pity. I have two buyers who would buy in a heartbeat . . . but they’re looking at a limited market, rentals instead of units for sale, and self-imposed higher prices due to lack of supply. Gee thanks!
Read more:Estate
, Market
, Oregon
, Expect
Oregon Broker Coordinates Sale of Five Apartment Properties for Over $70 Million 2008-01-30 03:40:00 Portland, Ore.--Portland, Ore.-based real estate investment firm Hagerman Frick O'Brien recently arranged the sale of five apartment buildings in Washington and Oregon
for more than $76 million.The 334-unit Meadow Wood Apartments in Vancouver, Wash., sold for $26.6 million or $79,640 per unit. Hagerman Frick O'Brien Investment Real Estate (HFO) represented both the buyer, Meadow Wood Associates, based in Washington state, and the seller, Orchards Retirement, LLC of Vancouver.
Read more:Broker
, Properties
Oregon Rogue Valley real estate sales slump continues 2008-03-10 03:40:00 Figures compiled by the Southern Oregon
Multiple Listing Service show just 70 new homes were sold from Dec. 1 to Feb. 29, a drop of 14.6 percent from a corresponding period a year earlier."A lot of builders have stopped building unless they're pre-sold," said Coldwell Banker Pro West Real Estate agent Doug Morse. "They're just trying to sell the stuff they have and holding on."The median sales price for new construction in Jackson County fell 13.8 percent to $266,200 for the quarter. Existing homes sales activity slowed 33 percent over a similar period a year earlier; the median sales price fell 8.5 percent to $233,325.
Read more:Rogue
, Valley
Foreclosures go up in Douglas County 2008-03-17 06:23:00 According to RealtyTrac, a mortgage-research company, foreclosures increased by 51 percent in DouglasCounty
from 2006 to 2007.With other parts of the country reeling from the national subprime-loan lending mess, Oregon’s steady housing prices have kept foreclosure rates from soaring. But homeowners last year entering some stage of foreclosure still made up for 10,746 filings, an increase of 12.25 percent from 2006.Locally, Leander figures foreclosure rates have increased four-fold since the beginning of 2008.
Read more:Foreclosures
Harsch Investment Properties sells downtown apartment building 2008-03-25 04:19:00 Harsch Investment Properties
has sold another of its multifamily properties. The Portland-based real estate investment firm sold King Tower, a 190-unit tower in downtown Portland, to a local investor, King Tower Holdings LLC., for $26 million, or nearly $137,000 per unit. King Tower Holdings LLC is registered with the state and represented by TCMMS Services Corp. in Portland. King Tower was built in 1950 and is at 901 S.W. King Ave., at the intersection of Southwest King and Taylor streets. Kirk Taylor, Ann Blume and Graham Taylor of CB Richard Ellis brokered the transaction, which closed Feb. 29.
Read more:apartment
Oregon and Washington didn't experience the wild excesses of house speculation 2008-04-07 12:25:00 By the same token, the real estate market on most of the Oregon
and Southwest Washington
coast remains comparatively healthy. Although The Oregonian recently focused on a bust around Lincoln City and leapt to the conclusion that the entire Pacific Northwest coastline is in the grip of sales paralysis, the fact is that Clatsop County and Washington's Long Beach Peninsula continue to have a far more thriving real estate market now than five or 10 years ago.Is has always been both to our advantage and disadvantage that we are somewhat isolated from the Intertstate-5 economy. It took a long time for people to discover what an under-appreciated and under-valued gem we inhabit. Much as property prices climbed in the early years of this decade, it remains almost as true now as ever that our regi Read more:experience
, speculation
Portland real estate insiders see signs of market improvement 2008-04-20 06:27:00 The Portland-area housing market started to soften in spring 2007 and has bottomed out or is at least close to the bottom, some of the region's top real estate brokers said Wednesday. At a housing industry lunch forum, the brokers said they started noticing fewer potential buyers visiting their listings about last April. The evidence that the bottom is near?
Read more:signs
Aggressive Real Estate Marketing Using Web Video 2008-05-10 14:49:00 Aggressive real estate agents and brokers are teaming up with video producers on WellcomeMat.com to demonstrate the most compelling means for showcasing a property online. Whereas slideshows and photos are limited in their ability to capture the emotions of buyers and renters, web video enables viewers to get a much more comprehensive and inviting peek into a potential home. WellcomeMat.com highlights the top five new videos of the week to support the many agents, brokers and video producers helping to re-define the real estate buying and selling experience.
Read more:Aggressive
, Estate
, Marketing
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