5844 RIDGETOP CT
$1,029,000
Lake Oswego
Featured Listing New

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.


Selling Portland Homes since 2003

Brian Porter and team specialize in selling homes in the Portland Metro Area, including Beaverton, Tigard, Tualatin, Lake Oswego, Hillsboro, Gresham, Troutdale, Happy Valley, Milwaukie and Vancouver.  Brian has been a member of the National Association of REALTORS® since 2003.

In addition to selling Portland Homes, we are also active in the multi-family market as well, and if your are looking for a Portland Duplex, please give us a call.  503-810-2219.  Sometimes we have coming soon listings that we can share with you.  We also operate the website www.portlandduplex.com for buyers and sellers of Portland Duplexes, Portland Triplexes and Portland 4-Plexes.

We work with both buyers and sellers, and we have a great team to assist you in your purchase or sale of Portland Real Estate.

The real estate market in Portland is changing rapidly.  Turnover is down, inventory is up, and everybody is talking about the rapid rise in interest rates.  How is the going to affect the market.  I have written a blog post about this very subject, "Why isn't my house selling?". I am always happy to talk about real estate on the phone, so please give me a call. Brian 503-810-2219.

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About us

Brian

Laura

Meet Your Portland Real Estate Team

Introducing Brian Porter, a Portland REALTOR®, your best friend in buying or selling your home and Laura Black, Staging Manager, who makes your house look like a model home.

Brian started working in Portland real estate as a Broker in 2003.  Brian Porter is an experienced REO Broker, and he is very familiar with the process of working with banks to sell Reo Properties.  He is also a top Multi-Family Broker, and he specializes in helping buyers and sellers with Duplexes, Triplexes and 4-Plexes.

With over 20 years of experience as a broker in the Portland Metro Area, Brian has had the opportunity to work with buyers and sellers of single family homes, townhouses, condos, lots and land, acreage, new construction homes.

When we work with sellers, we focus on putting together a Next Level Markingting Package including Staging, Professional Photography, Professional Video and 3D Tours. Sometimes the details make a huge difference in the days on market and the sale price.  We have the experience to help you make informed decisions about staging, professional photography and other important marketing decisions.

When I work with buyers, I share my experience and knowledge regarding the neighborhood, type of home, condition of the home and value of the property. We make sure that the home is checked out throughly by professional inspectors, once the home is under contract to assure the buyer that there aren't any unwanted surprises after closing.

Please reach out to Brian today to get more information or just discuss your real estate needs. 503-810-2219

More about us

Market Analysis

 

Portland Real Estate Market Update 01/27/2025

Will 2025 be the year that things pick up for the Portland Real Estate Market?  For the past 2 or 3 years, I have been hearing comments from real estate brokers and mortgage bankers like "Survive until 25" or "Thrive in 25".  Appreciation for the past 2 or 3 years has been basically flat, but in the past 12 months the average sale price ticked down 1.4% when you compare December of 24 ($578,300) with December of 23. ($586,800).  However, units sold when comparing December of 24 to December of 23 moved up 15.3%.  This is a very interesting move in the market.  There is a lot of pent up supply and demand.  On the supply side, there are a lot of sellers who want to sell, but they just can't afford to.  This is because they can't afford to trade their old house with a 3 or 4% interest rate for a new house with a 7% interest rate.  On the buy side, buyers have not been able to afford the property they want to buy.

Here are some reasons why 2025 may be different.  There has been a lot of inflation over the past few years.  This inflation has carried over into wage growth.  1. If housing prices have been flat and wages are rising, then housing as a percentage of a buyer's budget should go down.  This could be the spark that ignites the housing market in 2025.  2. Lower interest rates could also be a spark to ignite turnover, but interest rates have been sticky around 7%.  3. Lower prices could also lead to higher turnover (average prices were slightly lower over the past 12 months).  4. Are the December 2024 numbers regarding closed sales (up 15.3% from December of 2023) an early indicator that turnover is increasing?

Anecdotally speaking, I have noticed an increase in activity.  The phone is ringing, texts and emails are coming in.  It seems like buyers and sellers are getting tired of waiting, and both are looking for change is 2025. 

 

Check our blog for more insights

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