Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

www.hatchhomesgroup.com

Nov. 15, 2019

The Hatch Patch Guide to the Gourds!

 

 
 
Your Guide to the Gourds!
 

It would be difficult not to notice that Fall is fully upon us now and with the changing season comes the changing leaves making our Pacific Northwest a cornucopia of beautiful colors.  The morning air is crisp and the varied greens of summer are now scarlet and gold, and you can hardly walk out the door without tripping over a pumpkin spiced something or other. 

 

Speaking of pumpkins, did you get your Great Hatch Pumpkin Patch Map?  If not, be sure to update your address with us so that we can stay in touch for all the upcoming holiday festivities because we've got a lot planned to close out the decade!

In the meantime, we wouldn't want you to miss out on all the great goodness the pumpkin season has to offer so we've included one below.  While you're in search of the greatest gourd, if you happen to stumble upon a friend or family member needing to buy or sell their home, please send them our way!  We've got a great VIP Client Appreciation Party in the works for all of you who help us with our business.  Additionally, Angela, Michele and LeAnn are participating in a Keller Williams intensive national agent training program called "BOLD" this year, which in part has a competition to get the highest number of referrals in the duration of the program. 

Please help us become champions by referring people to us!

 

 

 

Turning Figurative Pumpkins into Pies!

While you're cleaning out your closets and preparing for the winter ahead, please help us meet our 100 blanket donation goal for our Rose Haven Cozy Warm Winter Drive. 
In addition to blankets, all warm clothes and coats are welcome as well.  Please also see the list below.



Rose Haven is a day shelter and community center in Portland serving more than 3,400 women and children annually who are experiencing the trauma of abuse, loss of home and poverty. 

Other Top Donation Needs are:
 
  • Anything waterproof like ponchos, tarps and rain gear
  • Anything with wheels (rolling suitcase, cart etc)
  • Gently used bras, leggings, and plus size clothing
  • Blankets and sleeping bags
  • Top hygiene needs are dental care, travel size conditioner, lotion and hand sanitizer. 

 
 

Do You Know Anyone On The Fence About Buying Their First Home?


From first time homebuyer to upgrading into their second home, Michele's clients give you insight on how her First Time Home Buyer Class put them at ease and made them 2nd time homeowners.

Watch this Testimonial
⬇️
 

 

For up to date information about the process of buying a home,
join Michele and Austin at Director's Mortgage in Hollywood

November 7th from 6-7:30pm


Click here to RSVP
 

 
What John has to say on the latest
Portland Market Trends 

 

The numbers are AMAZING!

Oregon employment levels are high and salaries are up. This coupled with record low mortgage rates makes home affordability very favorable. Despite strong increases last month in Pending and Closed sales the inventory is still favoring sellers and we would love more sellers who are thinking of selling to get off the fence. If you know anyone in this situation we would love an introduction to them and we will present them with the numbers and help them  come up with a plan.

Some sellers are being approached by a new phenomenon called “iBuyers” where some institutions are offering fast cash to close. This may be good for some people who need to move fast and we can help people negotiate with them. In many instances this is an expensive option and we can help folks become educated about this.

Sincerely,
John Hatch
 

With the national housing inventory falling 2.5% over the past year, is now a good time to sell?

Read More Here



Would you like to know what your home is worth? 

Find out
 
See What We've Got Listed

⬇️⬇️⬇️
Peek-A-Boo Views at The Highlands

16248 SW 130th Terrace #24, Portland, OR 97224
2 Bed | 2 Bath | $259,900
A gorgeous setting for this thoughtfully remodeled 55+ community!

With Peak-a-boo Mt Hood views from the living room and sunny deck, this spacious, light-filled 2 Bed | 2 Bath condo with all new floors & paint throughout will be hard to pass up.  Additional features include all new appliances, in-unit laundry, remodeled bathrooms & kitchen with custom trim, VAULTED CEILINGS, and a master en-suite with a HUGE walk-in closet! 

The Community is super quiet & peaceful, yet active with great rec center and multiple restaurants and outdoor activities nearby.

At the Highlands, you'll enjoy the lifestyle and great location!
 
The Parsonage
3125 SE Van Water St, Milwaukie, OR 97222
Price: $699,000
Step through the Moroccan gate into another world!  This home has a wonderful history and is currently run as a successful two-unit short term rental.  A lush main level with a remodeled kitchen & bath is adorned with museum quality Moroccan doors & fixtures while a separate lower level apartment, with a large, open space & luxury bathroom leads out into a beautiful private garden oasis, complete with water fountains. 

This one-of-a-kind property is a wonderful addition to any commercial / multi-family portfolio as well as Live/Work possibilities.
 
Sold this Month

⬇️⬇️⬇️


And another Happy Seller!


 
 
And lastly, listen to Angela, Michele and Jennifer
in The Real Gals of Portland Podcast! 
 
Click here to listen and find them on Spotify, Soundcloud and Apple podcasts.
Please Subscribe, Share and Review!
 
 
Follow us on all the socials to stay up to date on our latest episodes, new listings and market tips! 
Hatch on FB
Hatch on Instagram
www.HatchHomes.com
Hatch on Twitter
We are NEVER too busy for your referrals 

Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225
Direct: 503.974.4104 | Office: 503.546.9955

www.HatchHomes.com

 Each office is independently owned and operated. 
   



Aug. 15, 2019

August Newsletter

Welcoming a new team member to the Hatch homes Group

 

LeAnn Raschke comes to Hatch Homes Group as a newly minted residential real estate agent with a well rounded background which includes construction management, commercial real estate and property management, wedding and event planning and small business ownership. With this experience, LeAnn is well versed in guiding clients through life’s largest landmarks, with a heavy focus on project management and contract negotiation.

Hailing from the great state of Wisconsin, by way of Washington and California, LeAnn is a midwesterner down to the core but Portland, OR is truly where her heart resides, along with her husband and two rescue pomeranians. Having lived in Portland for a little over 5 years, LeAnn has spent many of them exploring all of Portland Metro for the best bites, brews and views and can definitely give you pointers when you choose to settle into your new home here.

As your agent, LeAnn prides herself:

  • In her ability to predict and problem solve roadblocks that may present themselves during the home buying or selling process
  • In her direct and effective communication style, allowing no questions to go unanswered
  • In her passion for historical architecture, which can help you find your diamond in the rough


As a professional real estate agent, LeAnn understands that buying or selling a home is more than just a transaction, it’s a life-changing experience and she is dedicated to providing exceptional, personalized service by relentlessly working on your behalf to help you achieve your real estate goals.

 
John's Comments

 
This month John and Melody are visiting family in UK and currently spending a week in Ireland.
Real Estate is considerably cheaper in most places in Ireland and with land prices being lower the homes outside the cities are considerably bigger than in England. We are struck with the cleanliness and how most yards are well maintained and with the plentiful rainfall everything is very green. It is also interesting that many large homes do not have garages designed to keep cars in.
Ireland had the longest boom in Europe up to 2008 and the biggest bubble burst and subsequently has big lending restrictions (like Canada) which will probably keep growth more stable in the future. Interest rates however are considerably cheaper than in the USA (as they are in the UK).
The big concern is what will happen with Brexit in a couple of months which, in Ireland is a particular concern as Northern Ireland is part of the UK and the remaining bulk of Ireland is independent and will remain as part of the European Union.
If you are thinking of investing in Real Estate anywhere out of Portland then contact us as we have numerous contacts outside Oregon and the USA.
 
Our Current Listings! ⬇️⬇️⬇️
7017 SE 28th Ave, Portland, OR 97202
Price: $839,900

Picturesque Eastmoreland home, just blocks from the hot Westmoreland shops. Fantastic floor-plan with bedroom plus full bath on every level! Entertainers dream with living room opening up to yard and pool. Finished Basement with sealed concrete floors.
8170 SW Ridgeway Dr, Portland, OR 97225
NEW Price: $675,000

 
Lovingly maintained mid century home in great, desirable location. MAIN LEVEL LIVING, beautiful hardwood floors, big windows, retro charm, bonus art studio with separate entry to the private yard. Enchanting rear patio to enjoy quiet summer evenings shaded from the sun. Rare .42 acre lot with mature groomed landscaping and fruit trees for all the family to enjoy. 2 blocks from park, pool and library, easy commute.
 
Watch Video Tour
3125-3135 SE Van Water St, Portland, OR 97222
Price: $1,524,000

 
Do you know someone that wants to start a restaurant? Run a venue? Live in a magical property and get rental income at the same time?
Please share our amazing Moroccan Oasis Compound on the border of Portland and Milwaukie. Owner contract available, please reach out to Angela for more information.
11830 NW Holly Springs Ln Unit 304, Portland, OR 97229
Price: $269,900

 
Was a model home with designer interior finish package. Gourmet kitchen with slab granite bar, tile counter tops with mosaic glass and tile backsplash. Attractive cozy fireplace and good light. Fridge, washer and dryer PLUS moveable A/C unit included. High demand location with good access to restaurants, coffee shop, market of choice and transit center! Large master. Light and bright. Covered deck with generous storage. Lovely quiet unit.
2211 SW 1st Ave Unit 202 Portland, OR 97201
Price: $419,000

 
BEST VALUE FOR 3 BEDROOMS DOWNTOWN! Corner unit with West & Northeast views. Two balconies- all bedrooms have access to a balcony! Open dining and living room with pass-through bar to kitchen. New paint and flooring in baths and kitchen. Desirable Lincoln tower with pool. Complex has secured entry, 2 pools, parking and more.
 
Sold this month! ⬇️⬇️⬇️
13711 SW Silent Fox Ter, Sherwood, OR 97140
SOLD $312,900

508 SE Bronte Way, Hillsboro, OR 97123
SOLD $305,000

5919 SE 99th Ave, Portland, OR 97266
SOLD $376,000

9824 SE Kela Ct, Happy Valley, OR 97086
SOLD $464,200

13379 NW Payne Dr, Portland, OR 97229
SOLD $742,600
 
 
Did you miss our latest American Dream TV episode?
 
With over 41 thousand views, our first episode of the American Dream TV was a success!  Angela and Michele are having a blast talking about their 2 passions- Real Estate and this fine city.  We would love for you to watch our latest segments! 
Follow us on our Facebook page https://www.facebook.com/hatchhomes/ 
We will have a new episode once a month!  If you know anyone that wants their home and neighborhood featured on TV, please let us know!
 
Did you know Angela, Michele, and Jennifer have several episodes of their podcast show now?
Have a listen here and find them on Spotify, Soundcloud and Apple podcasts, Please subscribe, comment/like and share too! Thanks!
 
Metropolitan Monthly
 Market Update 

Highlights
 
July Residential Highlights
Closed sales had the strongest numbers this July in the Portland metro area. At 2,994, closings outpaced July 2018 (2,736) by 7.6% and June 2019 (2,756) by 6.8%. This was the strongest July for closings in the area since 2015, when 3,452 closings were recorded. Pending sales, at 2,998, fell 2.4% short of July 2018 (3,071) and 2.8% short of June 2019 (3,083). Similarly, new listings (3,966) ended 8.0% under the 4,312 offered last year in July 2018 and 7.4% under the 4,281 offered last month in June 2019. Inventory decreased slightly in July to end at 2.3 months. During the same period, total market time rose by one day to 43 days. There were 6,797 active residential listings in the Portland metro area this July.
Year to Date Summary
Activity is mixed so far in 2019 compared with 2018. New listings (26,629) are up 0.7%, while pending sales (18,778) are down 2.3% and closed sales (16,903) are down 3.1%
Average and Median Sale Prices
Comparing 2019 to 2018 through July, the average sale price has increased 1.0% from $453,600 to $458,300. In the same comparison, the median sale price has increased 2.0% from $400,000 to $408,000.

Highlights
 
 

Portland Market Trends
 
Trends in Portland show a 1% year-over-year rise in median sales price and a 0% rise in median rent per month.
 
Median Sales Price $439,000

Price Per SqFt $301

Median Rent Per Month $2,195
 

What's your home worth? 
 
Find out
 
We are NEVER too busy for your referrals 

Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225
Direct: 503.974.4104 | Office: 503.546.9955

www.HatchHomes.com

 Each office is independently owned and operated. 

Posted in Market Updates
Feb. 28, 2019

Oregon SB 608 introduced as nation's first statewide rent control law

Oregon Gov. Kate Brown signs nation's first statewide rent control law

Oregon Gov. Kate Brown signed into law a first-in-the-nation rent control bill Thursday and called on the Legislature to turn its attention to funding new housing initiatives. Because of an emergency clause,

Senate Bill 608′s rent control and eviction protections go into effect immediately.

How does it affect landlords and tenants?

Multifamily NW has provided a document to help landlords navigate the changes with the passing of SB 608. This document was generated by Multifamily NW.

 

Posted in Market Updates
Nov. 20, 2018

You Won't Want to Miss This New Listing

Posted in Market Updates
May 17, 2018

Meet Our Most Experienced Agent, Angela Stevens

 

As our most experienced agent, Angela Stevens is a vital member of the Hatch Homes Group.

 

Angela Stevens has served the Hatch Homes Group for 10 years and, after Melody and I, is our most experienced team member. She also happens to be our daughter.

Angela started off as a transaction coordinator before handling the marketing for our listings. She then did a lot of short sale negotiations as the market bottomed out, which educated her about distressed properties. A few years after that, she decided to get her real estate license and become a buyer specialist. This transition helped her focus on working with both buyers and sellers and she feels this is the reason she can net sellers more money on their home sale.

“We’re proud of the contributions Angela has made for our team.”

Angela chose real estate because it allowed her to combine her passion for art and creativity and her passion for entrepreneurship. She loves the architecture of houses and the design aspect of the real estate business, and this industry fulfills her desire to be a businessperson.

We’re very proud of Angela and the contributions she’s made to our team. Last year, we made her a partner of Hatch Homes, and now she’s being appointed team leader. In this new position, she feels that her experience will enable her to carry on her knowledge and educate the people she interacts with. She looks forward to strengthening her relationship with her team so they can do better and, in turn, help her do better and lead by example.

If you have any questions or are looking to buy or sell a home in our market, don’t hesitate to reach out to us. We’d be happy to help.

Posted in Market Updates
Sept. 27, 2017

Join Our Class and Become a Homebuyer Expert

On October 21st, Michele Descombes will be teaching a class instructing homebuyers about the home buying process and discussing what they need to know about our market.

On October 21st at the Umpqua Bank in the Pearl, Michele DesCombes will be teaching another home buying class.

This class is intended for anyone who is interested in buying a home, whether you’ve owned one before, it’s been awhile since your last purchase, or this is your first home purchase.

During this session, Michele will be covering a lot of great information about our market. As you might’ve noticed, it’s has shifted a little bit in favor of buyers, even though inventory is still a little low. She’ll also discuss what your options are in the home buying process as well as which loan programs are available for first-time homebuyers or low-income buyers who can qualify for a grant.

“All types of homebuyers are welcome to join us.”

If you’re renting right now, you’re probably paying at least 30% of your income on your rent. If you were to purchase a home using a grant program or any of the fantastic loan programs available out there, you could pay as little as 15% of your income.

Michele will be teaching with Mac Dengsot of Umpqua bank, a home loan specialist. They both can answer your questions about anything regarding the process.

To find out how, all you have to do is sign up and register here. We hope to see you there!

If you have any questions, don’t hesitate to reach out to us. We’d love to speak with you.

Posted in Market Updates
Sept. 7, 2017

A Few Important Numbers From the Portland Real Estate Market

What is happening in the Portland real estate market? We have six important statistics to share with you today.

It’s time for your Portland real estate market update. There are a few important market statistics that we want to share with you today.

First of all, there are 98 bumpable listings on the market right now. That means that these listings are contingent on something happening on the buyer’s or seller’s side of the transaction in order for the sale to go through.

This is really important. In the past, sellers have been cautious about contingent home offers. Most of the time, sellers would wait to find their next home before putting their current home on the market. It’s very promising that there are 98 bumpable listings. With all of those contingent offers, we’ll likely see 98 new homes hit the market soon, which is good news for buyers.

Next, there are 197 expired homes. That means these homes failed to sell in the last few months. As your agents, we look at why those listings failed to sell so that you don’t end up in the same situation.

Another important thing to know is that 612 homes are back on the market. Buyers these days are more particular on what they want from a home. They expect the home to be in good condition for a certain price. On the other side, sellers are not willing to negotiate repairs, so these deals are falling apart and those homes are coming back on the market.

That is great news for buyers. Those 612 homes increase inventory. Plus, you may even get a second chance at a home that you liked earlier but didn’t get a chance to make an offer on.

“There is a disparity between buyer’s expectations and how sellers view the current market.”

Sellers should take note that in the last week alone, we had 783 price changes. Although Portland is still in a strong seller’s market, it’s not as strong as some people may think. You can’t overprice your home in this market, and those 783 price changes prove that. We’re here to guide you. We can help you avoid that price adjustment by pricing your home correctly from the start.

Finally, the number of closed sales in July dropped by 12%, while the number of pending sales dropped 7.9%.

All in all, these numbers indicate that our market is shifting into a more balanced, healthy market. We are not in the housing bubble that everyone feared. Prices are still very healthy, and inventory is still fairly low, which makes it a good time to sell your home.

That said, these numbers do show a disparity between buyer expectations and what sellers believe they can get out of the current market. Don’t forget those 612 homes that went back on the market after their deal fell apart.

As we mentioned earlier, there is slightly more inventory for buyers to choose from these days. Make sure you take advantage of the updated inventory and low mortgage rates now.

If you have any questions about buying or selling in our current market, just give us a call or send us an email. We would be happy to help you!

Posted in Market Updates
Aug. 29, 2017

How I Use Real Estate Conventions to Better Myself for My Clients

How do real estate conventions help my team and I perform better for our clients? Today I’m bringing you those answers from one I recently attended in Las Vegas.

Today I’m in Las Vegas at the Tom Ferry Success Summit—a real estate convention.

Real estate conventions are something we engage in frequently because doing so helps us maintain our constant commitment to being on the cutting edge of real estate.

Technology is a large portion of this. In fact, Zillow, Google, and others are here at this same convention, where I have been for the past week.

“My team and I have a constant commitment to being on the cutting edge of real estate.”

It’s incredibly important for us to make our buyer and seller transactions even smoother.

One of the ways we achieve this is by networking with other Realtors. Recently, for example, I sat down for a drink and conversation with an HGTV star who actually works in Portland.

Being face to face with these fellow professionals really helps me to build a larger database. This means that whether our clients are looking to move to another state or even another country, I can help refer them to the right agent.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Updates
Aug. 14, 2017

We're Hosting a Warehouse Sale

You won’t want to miss this warehouse sale event.

Looking to buy a Portland home? Search all homes for sale here. Looking to sell your Portland home? Use our free home evaluation tool here.

Today I’m excited to announce that I’m partnering up with my client Adrienne to host an event.

At this event, we’ll be featuring items from Adrienne’s online eco-fashion store, Faerie’s Dance.

There will also be a doTERRA essential oils representative and a doctor specializing in whole life wellness plans. Many other female entrepreneurs are expected to attend, as well.

There will also be coffee and cakes provided for your enjoyment.

Additionally, there will be a raffle drawing for various prizes every half hour throughout the day.

“You won’t want to miss this warehouse sale event.”

One prize we’ll be raffling off early in the day will be two tickets to the Street of Dreams.

You won’t want to miss this warehouse sale event, which will take place Saturday, August 26th from 11 a.m. to 5 p.m..

The sale will actually be located at an urban farm I sold about five years ago at 12400 SE Crest Drive, Happy Valley, Oregon.

We hope you see you there.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates