Market Action Report Portland, OR

Sales activity in the Portland metropolitan area continues to improve in March 2010 compared to the same month a year ago. When comparing March 2010 with March 2009, closed sales rose 51.9%. Pending sales jumped 46.7% and new listings increased 35.3%. Comparing March 2010 with the previous month, February 2010, closed sales drastically increased 77.2% (1,799 v. 1,015) and pending sales grew 29.8% (2,402 v. 1,850). New listings increased 27.8% (4,987 v. 3,902). At the month’s rate of sales, the 14,042 active residential listings would last approximately 7.8 months, the lowest of the year.

Sale Prices
The average sale price for March 2010 fell 5.6% compared to March 2009. The median sale price dropped 3%. On a month-to-month basis, comparing March 2010 to February 2010, the average price increased 2.6% ($280,300 v. $273,100) and the median price grew a slight 1.6% ($238,900 v. $235,000).

First Quarter Report
Comparing the first quarter of 2010 with that of 2009, increases can be seen across the board. Closed sales grew 37.3% (3,892 v. 2,834). Pending sales also went up 39.2% (5,594 v. 4,018) and new listings rose 13% (13,072 v. 11,566).

What is your home really worth? Is ZILLOW accurate or not?

What Is Your Home Really Worth?The most commonly asked question from clients is "What is my home worth right now?". There are three basic ways to estimate the value of a home. They are: 1) value estimation web site; 2) comparative market analysis and 3) professional appraisal.There are a number of web sites which offer value estimates of your home based on data you input in their web form. The value these sites offer is an estimate of your home's worth based on their system which may use a proprietary formula. If you read carefully, you are also advised to do the following: 1) obtain a comparative market analysis (CMA) from a licensed Real Estate agent and 2) have a professional appraise your home.Since these on-line valuations use a proprietary formula which is not shared with the public, the only way to verify the true value of a home is to have professionals with "boots on the ground" visit the property and generate a value based on first hand knowledge.The hard reality is a home is worth what the market will bear at the time it is sold. The most reliable estimate comes from the sale prices of the SOLD homes in your neighborhood for the past three months which are similar in size, condition, etc. This Comparative Market Analysis is an average of those values. Because home prices may not have reached the bottom yet, the value may be a percentage point or two below that average. If you've done quite a bit of updating and remodeling, it might be a few percentage points higher.

For a free market analysis please give us a call at (503) 710-7584 or visit our website at www.TheRianGroup.com

Another Home SOLD With Just 30 Days on the Market! ~Aaron Rian~The Rian Group~ 836 N 20th Way Cornelius, OR

Just SOLD! 836 N 20th Way Cornelius, OR
After other realtors tried unsuccessfully to get this home sold Aaron Rian and the Rian Group sold it in just 30 days!

This newer construction home was located in the west suburb of Portland, Cornelius, OR. A beautiful home in a fantastic location!

For more information or virtual tour please visit our website at www.TheRianGroup.com

New Home Sales see Biggest Jump in 47 Years!

Sales of new homes surged 27 percent last month, bouncing off the previous month's record low and blowing past expectations as government incentives and better weather boosted sales.

The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.

To see more click here: http://www.msnbc.msn.com/id/36735173/ns/business-real_estate

To search the RMLS or to see featured homes that we have listed please visit our website at www.TheRianGroup.com

West Linn, Oregon Named One of the Best Places to Live!

West Linn, Oregon was just named as one of the countries top 100 places to Live!

Many residents of this quiet Portland suburb commute to the city, but plenty stay in town as small business owners or telecommuters. One Reason: West Linn boast one of the lowest tax rates in the metro area.

For the full article please visit: http://money.cnn.com/magazines/moneymag/bplive/2009/snapshots/PL4180150.html

To see all of our West Linn Properties or to search for homes in the Portland Metro area please visit our website at www.TheRianGroup.com

Just Sold!~Aaron Rian~The Rian Group~ 4605 SE Honors Pl Gresham, OR~$470,000

Just Sold! A spectacular 4Bed/3Bath home in the exclusive Persimmon neighborhood!

This home is 3,720 Square feet, with amazing valley and mountain views. Newer construction featuring cherry hardwood floors, wainscot detail, every upgrade imaginable!

For more information or toview properties like this one please visit our website at www.TheRianGroup.com

Just Listed~By Aaron Rian~The Rian Group~ Amazing Custom Home in Tigard's Exclusive Mountain Gate Area

14695 SW 136th Pl Tigard, OR 97224 ~$579,000
Amazing Custom Home Located in the Exclusive Mountain Gate Neighborhood in Bull Mountain!

This home is a 5 Bedroom/2.5 Bath home with newer Granite Counters, refinished custom cabinets, hardwood floors, Located on .30 Acres! This home is amazing! A 10 inside and out!

For more information or to see additional photos or a virtual tour of this home please visit www.TheRianGroup.com