Category: Market Update

There were many signs of returning stability in Portland’s housing market over the past quarter as we saw the effects of the pandemic nearing their end. Demand for homes is gradually coming back in line with supply, and home prices are stabilizing as well.

Portland’s housing market saw significant growth in the second quarter of 2022 but will it sustain over the year? An onset of new market trends, rising home prices, and rising mortgage rates have led many people to ask that question. The housing market in Portland is slowly inching towards stability which was recently shaken by the Covid pandemic. To understand what this means for sellers and buyers, let’s take a deeper dive into Portland’s housing market.

While this time of the year tends to be somewhat slower when it comes to real estate, the Portland metro area has continued its uptick through the first quarter. Since it’s still a seller’s market, this continues to have a considerable impact on the number of homes available to potential buyers.

Will the housing market in Portland continue to grow in 2022? If so, how much more growth can be sustained before another housing market bubble bursts? How far will interest rates rise over the year and how will we deal with a historic shortage of housing stock?

The numbers for the housing market in Portland showed growth in the fourth quarter as they have throughout the year. Homes are commanding higher sales prices even as both the number of sales dipped and the median days on the market increased. The best news is for sellers who are generating sales prices well over their asking price in many cases.

The housing market in Portland, Oregon remains strong despite the surge of the Delta variant putting many people on edge. If you’re a first-time homebuyer or need more space in a bigger home, it’s still a great time to buy. Likewise, if you’re considering downsizing into a smaller home, then these numbers are encouraging as well.

Whether you’re a first-time buyer, are looking to upgrade to a bigger home, or are downsizing to a smaller one, these three housing stats affect the Portland real estate market right now.

Is the real estate market in Portland going in an upward or downward direction? Are home prices still increasing? How long is it taking to sell homes? We answer all these questions in this blog post.

One positive thing we can always look back to in 2020 is the real estate market’s performance. Curious to know how the Portland market did during Q4 2020? Click this post!

The real estate market has had its ups and downs throughout the years. In this blog post, I thought it would be fun to look at the major defining moments of the housing market. If you want to know how it affected Portland homeowners, keep reading!

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Words of Praise

During the summer and early fall of 2017, Marika was my real estate agent for the sale and also purchase of a house in Portland. What impressed me the most about Marika is that she was very responsive and available when needed or a question came up. Marika’s list pricing strategy was wise and resulted in many over asking offers. Marika was on site and arranged many of the details needed to get our house sold. She is efficient and keeps the ball moving forward and remains calm and professional throughout the entire process. Marika did a great job keeping me informed about the details and what to expect next. I would not hesitate to use Marika’s services again.

Sylvia Baltzer

My wife and I recently had Marika Feibel do a comp check for our house in SE Ladd’s Addition and were very satisfied with her help and assistance during the process. Marika is a great communicator and helped walk us through the process in a way that was very easy to follow and understand. The comp check that she ran came in very close to the appraiser’s value and we left feeling good about the agreed-upon sale price. Marika was also the real estate agent that helped us find the house back in 2010 and we’ve also selected her to help us with the sale of our condominium on SW Jefferson St. We would highly recommend her to anyone.

Tony Tranquilli

I highly recommend Marika and her team. We had an aggressive time frame in which to sell our home and Marika Feibel absolutely crushed it! From market analysis to open houses and everything in between, Marika was a true professional and always available to communicate via our preferred medium. We will definitely look to her for our future real estate needs.

Steve Inaudi

I highly recommend Marika and her team. We had an aggressive time frame in which to sell our home and Marika and her team absolutely crushed it! From market analysis to open houses and everything in between, Marika was a true professional and always available to communicate via our preferred medium. We will look to her for our future real estate needs.

Desiree Inaudi

Marika has worked with our family on several projects. In each instance, she has demonstrated that she is Professional, Knowledgeable, and Competent. She has the ability to communicate in a clear and concise manner addressing all of our concerns. The very first time that I was able to work with Marika she was assisting our family with a difficult situation. Her guidance and direction were key to bringing about a quick and positive resolution for our family. The most recent instance involved providing research and guidance concerning the selling of our family home, her input allowed us to understand what we should expect for our property and what to expect from the process ahead of the family. I do not and would not hesitate to use Marika Feibel as my Principal Broker.

John Mikkelson

Marika came to us as a reference from a close friend who moved to Portland from the LA area late last year. Being in a similar circumstance to him (eg. No strong connections to the area, no idea as to reputability, first-time home buyers), we were grateful for the reference for someone he obviously trusted impeccably. Any and all expectations/preconceptions we had were entirely blown away. Marika was a paragon of professionality. She remained patient, amiable, flexible and always smiling despite the grueling amount of properties and questions we threw at her. She even took the time to scout out potential listings up to 3 months before our big listing visit days to better direct our focus and optimize yield for a limited time frame. When we finally found a property, Marika held our hand each step of the way: from offering to escrow. She was there during the inspection, and there for the assessment. She was always there for us and our future home.

Finding a home can feel like a pitched battle. Everything has weight. Everything is time sensitive, urgent, and profound. It’s easy to stress out to the point of shutting down. Had it not been for Marika’s organizational skills, advice, and guidance, my wife and I honestly don’t know how we would have found our way through this process.

So, with all of that being said, I would recommend Marika without hesitation to any and all potential clients. She really made it a good experience.

Category: Market Update

Q3 2022 Portland Metro Housing Market Update

2022 Q2 Real Estate Market Update for Portland, OR

Portland Metro Q1 2022 Housing Market Update

Portland Housing Market Predictions for 2022

2021 Q4 Real Estate Market Update for Portland, OR

Portland Q3 2021 Housing Market Update

Q2 2021 Housing Market Update

Portland Real Estate Market Update – Q1 2021

Portland Market Update: Q4 2020

20 Years of Real Estate in Portland