Spring is here! For us that means it’s time for some home refresh projects whether that be updates to interior design or taking care of home maintenance needs such as pressure washing or gutter cleaning. With that in mind, our theme for this newsletter is Before and Afters to inspire your home refresh this spring.
OUR NEW WEBSITE
Our own recent refresh project has been our website. We don’t know if you’ve noticed but we’ve done a complete makeover so be sure to take a look!
Speaking of Before and Afters, if you find your home in need of a refresh, we would love to provide you with referrals for your home maintenance needs this spring. Please don’t hesitate to reach out to us for a referral to some of our preferred and trusted vendors. We’d be delighted to save you the time and energy of tracking down a quality vendor that offers competitive pricing. We’ve already done the leg work and want to be of assistance!
Henry and Teal Davison Specialize in Refreshing Homes
Henry Davison has been selling real estate for over seventeen years in Portland. In 2005, he and Kathy partnered in selling one of Portland’s largest and most successful condominium projects, the Strand Condominiums. This experience inspired him to establish a development company with two partners in late 2005. They specialized in building energy efficient and sustainable homes in close-in Portland. In 2012, he and his wife transitioned into buying homes in disrepair, fully renovating them and then reselling them. Their mission is to renovate the homes to a level of quality and comfort that they would be happy to live in them.
Teal Davison brings a warm, contemporary aesthetic and a fresh design perspective to custom-built homes, remodeling projects and one-room makeovers alike. Since 2008, Teal has managed the finish design and interiors of homes across Portland, in a variety of neighborhoods and price points. She collaborates with architects, builders and home-owners, crafting livable spaces that are both beautiful and functional. With extensive knowledge of materials and suppliers, she assists her clients in the selection of on-budget home goods. For projects large and small, Teal offers creative solutions that add quality and value to the places we call home.
Henry and Teal are excited to announce their latest multi unit project, Berkeley 6, estimated to break ground in early summer. It will be composed of six two story “townhome style” units, each with two bedrooms and two baths. Unit sizes will range from 865 to 899 square feet. We expect units to be priced in the high $300,000 to low $400,000 range. Units will be extremely energy efficient, with an Earth Advantage Platinum rating anticipated. Our builder, Ethan Beck Homes, has been voted top EA’s Green Builder of the year, over the last two years.
The finishes and interior will be designed by Teal Davison Design & Finish. We have included some pictures of our most recent project, Multnomah 4, which are representative of the style and quality of Berkeley 6. Teal has a very modern aesthetic with a unique and timeless style. She loves to incorporate local artisan purveyors for light fixtures and other design features. Her design is extremely well regarded and very popular amongst buyers
The project is conveniently located near mass transit and within two blocks of New Seasons and Starbucks. The quaint St. Johns neighborhood is just a few minutes away, as is the University of Portland.
We anticipate beginning the pre-sale process in early May, at which time buyers are able to secure a sales contract and meet with Teal to select certain finish choices. We expect our website, www.Berkeley6townhomes.com to be operational in the beginning of May. Here you’ll be able to view floorplans, finishes, some renderings, a drone video of the location and surrounding neighborhood, as well as much more.
For more details and information, feel free to reach out to:
The MacNaughton Group at
Windermere Realty Trust
MARKET UPDATE FROM KATHY
I love real estate statistics and here are some interesting ones that I have been looking at recently about the Portland area market.
The first numbers in the chart below show the 12 month appreciation rates for the three market price tiers identified.
Home Price Growth by Price Tier for the 12 Month Period February 2017-February 2018
Low Tier (less than $328,650)- 12.2%
Middle Tier ($328,650 to $440,542) – 7.0%
High Tier (over $440,542) – 4.5%
Sales Velocity (How Quickly Homes Are Selling)
For homes in the Low and Middle Tiers, average days on market are less than 45. In the High Tier, average days on market exceed 60 days.
Here is a snapshot of Portland area sales for the week ended Thursday, April 26th:
Median List Price $579,000
Per Square Food $251
Days on Market 82
Price Reductions 33%
Most Expensive $4,898,000
Least Expensive $59,999
Last but not least, ever since some good weather arrived last week, showing activity and pending sales have jumped significantly. It’s too early for any statistics on this but every successful broker in Portland is telling me that they are very busy and much busier than they have been in the previous three and a half months.
It’s going to be a fascinating year in Portland area real estate. All appreciation rates have been slowing incrementally over the last 23 months in all segments of the market. This highlights the continued great opportunity for Buyers.
STAY UP-TO-DATE ON MARKET STATISTICS
If you are interested in market trends and statistics like I am, you may enjoy signing up for Neighborhood News. This is a useful tool to monitor current market activity and trends. Once you subscribe, you will be emailed a monthly report of statistics for your desired zip code of active listings, sold listings, pending listings, time on market, price trends, etc. You can even search different zip codes!
To sign up please click on the link below and follow the instructions to subscribe.
We’d be so glad to talk to you or your friends about our Concierge Real Estate Services and how we can make a difference with any of your upcoming real estate needs. And, thank you again for providing us the opportunity to not only serve you but also our community.