Friday, December 15, 2017

November Market Snapshot


As we head deeper into winter and the temperature drops, so does the average home sale price for the Portland Metropolitan area. November saw a decrease of 4.2%, dropping to $459,596 from October’s $479,630. Again, this is normal and expected as we head into the slower, colder months and we will likely see this trend continue through the New Year. The average sale price is also down 1.7%compared to last year.
 
Contrary to what we’re seeing, the national market actually saw an increase in average sales price. October’s national average was $400,200, up from September’s average of $381,100. November’s national averages are not yet out, as the Hasson Company collects its own data to provide you with the most current and relevant market update each month. 
 
The winter slow down also spreads to our market activity level. Compared to October, November saw a 20.9% drop in new listings, a 4.5% drop in homes sold, and a 10.2% drop in homes pending. Despite these drops, the Portland Metro area is actually performing fairly well compared to this time last year. The number of new listings and the number of homes pending are both up 17.1% and 6.2%, respectively. The number of homes sold is down, but only by 1%.  
 
Some are finding success with the slowing down of the market. RIS Mediareported that these “cool markets are bringing warm opportunities.” This quite literally means that the areas that experience a drop in temperature for the winter are providing investors with a lot of different options. This is definitely something to consider as the Portland Metro area gets colder.
 
Home inventory in our market drops even lower to 1.7 months; much lower than the national average of 4.9 months in October.
 
West Portland had a big month with the most new listings (92) and homes sold (83) last month.




*Data and content taken from The Local Arrow, the Hasson Blog, post from Dec. 12*

Wednesday, November 29, 2017

My Newest Award/Designation!


I am very excited to be sharing with you all my newest award/designation! I am now a Certified Luxury Home Marketing Specialist™ (CLHMS). 
I've been especially focused on luxury marketing lately and am proud to be able to serve you all with more designations under my belt. I will never stop trying to be a better agent and am thankful that I can share this with everyone...






Kendall Bergstrom-deLancellotti earns internationally recognized achievement for performance in luxury real estate.
Kendall Bergstrom-deLancellotti with the Hasson Company Realtors in Lake Oswego recently earned The Institute for Luxury Home Marketing’s Million Dollar GUILD™ recognition for experience, knowledge, and expertise in million-dollar and above residential properties. Kendall Bergstrom-deLancellotti is a Certified Luxury Home Marketing Specialist™ (CLHMS), an exclusive group of real estate professionals who have completed The Institute’s training and have a proven performance in the upper-tier market.
  “Agents who have earned the CLHMS designation are performing at the highest level in their community,” said Diane Hartley, president of The Institute. “It takes a superior level of service to be successful and consistently close sales at or above one million dollars. We want to recognize this performance, and give these elite professionals the earned distinction that they are the agent of choice for affluent buyers and sellers.”
The specialized training and ongoing membership with The Institute provide Kendall Bergstrom-deLancellotti with the knowledge and tools to better serve affluent clients. The GUILD recognition provides evidence of the successful commitment to service at the highest level.

Stay tuned for more of these coming in the New Year!!!


Tuesday, November 14, 2017

New Energy Audit and its Effects for Home Sellers








Attention Home Sellers: Big Changes are Coming in the New Year

As soon as January 1, 2018 the City of Portland will require ALL homeowners selling there home in 2018 and beyond to PURCHASE AND HAVE an Energy Audit to calculate the homes Energy Performance Rating BEFORE you can list/market your home for sale. This only affects homes being listed and sold as of the first of the year, any unsold homes going into the new year will not have to worry about this. 

An important note to remember is that there is NO failing score that would require remediation of any sort - it is solely a designation. 

It will cost anywhere from $150-$250 for an accredited assessor to come to your home and do the assessment which should take less than an hour out of your day. They will create and publish a same-day report for you that will be stored on the City of Portland’s website for 8 years. 

This will be an intricate process with many underlying rules and regulations to follow on both the owners and the relators side. But you have nothing to worry about as my team and I will totally have your back! If you have any questions or would like more information - I am here for you! Call me and we can chat all about it. I also have a sharable PDF if you want it for your records. 

Here’s a sample of the completed form:





And here's a link to the website which is now up and running:


Friday, November 3, 2017

The Property Tax Info that You Need….It’s Just Around the Corner - November 2017






Oregon Property Taxes: Our fiscal tax year runs from July 1st - June 30th in any given year, with taxes due that following November 15th. Effectively, your payment covers six months in arrears, and six months forward.  Annually, property tax bills are mailed to each homeowner from the appropriate county during the last week of October. Oregon provides a 3% discount if the entire amount is paid by November 15th, or homeowners can choose to pay three equal installments due November 16th, February 16th, and May 16th. 


IMPORTANT DATES: 
Jan. 1, 2017: Date of Property Assessment
July 1, 2017 - June 30, 2018: Property Tax Year
Last week of October 2017: Property tax statements are mailed 
Feb. 1, 2018 - April 15, 2018: Timeframe for BOPTA* hearings 
Dec. 31, 2017: Last day to file your BOPTA appeal
*BOPTA - Board of Property Tax Appeals 





#1  The number one question my clients have is, “I have a new mortgage company; will they pay my taxes this year?”  

The answer on the Clackamas County website is: 

“Mortgage companies notify us by September 1st which accounts they expect to pay taxes on. Any changes between that time and November 15th are not reflected in our records. If you have any questions regarding who is paying your property taxes, we suggest you contact your new mortgage company. Please REMEMBER you are ultimately responsible for paying your taxes timely.”

If you cant remember if your monthly mortgage payment includes 1/12 of your annual tax payment, please review your current mortgage statement or call your lender. 

 Wanting to see a copy of your Tax Bill?  Please search by your county of ownership: http://www.multcoproptax.org, or http://www.clackamas.us/at/, or http://www.co.washington.or.us/AssessmentTaxation/

    Each county is a bit different, but the prompts for Multnomah county are as follows:
  1. Guest Login
  2. Click “Real Property”
  3. Click “Site Address”
  4. Click “Property ID”
  5. Click “Tax Summary” 



Remember you have the right to appeal 1 tax account per year, if your property taxes have, or you think they have, risen inordinately in any way. 


If you think this is an undertaking you want to proceed with, don’t go at it alone. You can and should contact, Steve Anderson CRB, for any appeal needs. He is a Property Appraiser, Level 2, a Principal Real Estate Broker, a former Clackamas County Property Tax Appeals Board Member, and Radio Host of “The Property Tax Avenger Show” on KBNP 1410 AM Thursdays from 4-5pm. Needless to say, he’s our guy.




Contact Info:

Steve Anderson
First Class Properties
10151 SE Sunnyside Rd. Ste. 499 - Clackamas, OR 97015 
503-869-4349


GOOD LUCK! 
And if you ever need any information, or help, or referrals for any of your property needs (even taxes!) Please do not hesitate to get in touch - I am always here for you and would love to discuss any and all things regarding your home with you!!






Tuesday, October 17, 2017

Portland’s Contribution to Modernity - Home Tour 2017



Portland’s Contribution to Modernity - a Modest Homage to Palm Springs Modernism Week

We are very excited to share with you our completely unique upcoming home tour. We created this tour to mirror Palms Springs Modernism Week Fall Preview (October 19-22). We have made a mutually beneficial, exclusive, Home Tour to include a handful of some of the top realtors, top listings that represent the very best of modern architecture that Portland and its suburbs have to offer.  


If you or anyone you know is searching hard for a home that fits this profile then please call your local realtor and join us this weekend!

You can see the participating properties in this home tour video link.

We are going to be showcasing our property that we believe is the epitome of modern architecture here in Lake Oswego. 


This home has all the lines and industrial touches to peak any modern enthusiasts interest and to top it off it has been completely designed and certified Feng Shui. 

Come see this home and the five others participating in this great experience this weekend!