By Will Parker | January 28, 2020
Home-price growth accelerated in November, in the latest sign the home-sales market is picking up steam after a slow start to 2019.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.5% in the 12 months to November, up from a 3.2% annual pace the prior month.
After a long period of price deceleration, if the current pace of price growth continues, it could offset some of the decreased costs home buyers are otherwise seeing with low mortgage-interest rates.
For more information on the current real estate market click here.
Photos by Amy Berry, River Spencer and Becky Boyle
By Emma Bazilian, House Beautiful
Dallas-based designer Amy Berry says she's seeing more and more of her own young clientele returning to old-school design. “After watching everybody do neutral, transitional rooms for so long, we’ve had several younger clients come to us in the past year asking for things like chintz and treillage and bright colors, and I’m thrilled about it,” says Berry, who opened her own shop, Amy Berry Home, last December. “It’s been surprising to see the types of things our twenty- and thirty-something customers are going crazy for—Fermoie pleated lamp shades, botanical prints, framed Gracie wallcovering panels we can’t keep in stock.”
While grandmillennials point to social media as a cause of the design monotony they're seeking to upend, it's also true that those same platforms have played a crucial role in helping the movement grow and flourish. Consider the recent renaissance of needlepointing—one of the granniest of all hobbies—among the IG set. To read the full article on this new (but old) trend click here.
By Caroline Alkire, HGTV
Chipper Hatter
The news is in! Pantone’s 2020 Color of the Year is Classic Blue (19-4052) — a rich, dreamy, dark, beautiful shade of azure — and we’re just basking in the wonderful simplicity of it all.
In case you didn’t know, Pantone Color Institute is the go-to source when it comes to color. Pantone experts study global culture and societal trends looking for color influences that will affect home design, fashion, textures and more. To read the full article click here >>> https://bit.ly/2RxZaeE
Not only is the property at Fairview Circus exquisite, there is an award-winning guest house that will make your guests never want to leave.
Featuring three spacious bedrooms, a full kitchen and living area, gym, media room, gym and wine cellar, your guests will be comfortable no matter how long (or short) their stay.
By Janet Eastman | The Oregonian/OregonLive
Despite a cooling real estate market, homes in some Portland metro areas are selling more quickly than others, particularly compared with the number of listings available.
Using data from the Regional Multiple Listing Service, we compared the number of residential properties on the market at the beginning of each of the first three quarters of 2019 with the number sold during the previous three months to determine the 15 most in-demand neighborhoods so far this year.
These neighborhoods are in urban and suburban locales.
Visit our Portland metro real estate dashboard for a glimpse into the many neighborhoods that make up Portland's real estate market.
-- Data analyzed by Elliot Njus and Mark Friesen
Google Maps
In the 97008 ZIP code, there were 294 sales in the first three quarters of 2019 and the average inventory is 38 days. Based on the latest data, homes spent an average of 19 days on the market and the median sale price was $420,000.
Google Maps
In the 97078 ZIP code, there were 226 sales in the first three quarters of 2019 and the average inventory is 34 days. Based on the latest data, homes spent an average of 20 days on the market and the median sale price was $345,000.
Google Maps
In the 97223 ZIP code, there were 550 sales in the first three quarters of 2019 and the average inventory is 89 days. Based on the latest data, homes spent an average of 24 days on the market and the median sale price was $428,250.
Google Maps
4. Arnada/Shur/West Minnehaha, Vancouver, Washington
In the 98663 ZIP code, there were 177 sales in the first three quarters of 2019 and the average inventory is 29 days. Based on the latest data, homes spent an average of 26 days on the market and the median sale price was $349,900.
Google Maps
In the 98684 ZIP code, there were 277 sales in the first three quarters of 2019 and the average inventory is 48 days. Based on the latest data, homes spent an average of 32 days on the market and the median sale price was $325,000.
Google Maps
In the 97124 ZIP code, there were 464 sales in the first three quarters of 2019 and the average inventory is 82 days. Based on the latest data, homes spent an average of 24 days on the market and the median sale price was $405,000.
Google Maps
In the 98683 ZIP code, there were 333 sales in the first three quarters of 2019 and the average inventory is 59 days. Based on the latest data, homes spent an average of 32 days on the market, and the median sale price was $379,900.
Google Maps
In the 98664 ZIP code, there were 253 sales in the first three quarters of 2019 and the average inventory is 46 days. Based on the latest data, homes spent an average of 24 days on the market and the median sale price was $329,900.
Google Maps
In the 97062 ZIP code, there were 284 sales in the first three quarters of 2019 and the average inventory is 53 days. Based on the latest data, homes spent an average of 28 days on the market and the median sale price was $462,750.
Google Maps
10. Oak Grove and North Clackamas
In the 97267 ZIP code, there were 321 sales in the first three quarters of 2019 and the average inventory is 60 days. Based on the latest data, homes spent an average of 26 days on the market and the median sale price was $398,500.
Google Maps
In the 97203 ZIP code, there were 408 sales in the first three quarters of 2019 and the average inventory is 77 days. Based on the latest data, homes spent an average of 26 days on the market and the median sale price was $389,000.
Google Maps
In the 97222 ZIP code, there were 325 sales in the first three quarters of 2019 and the average inventory is 62 days. Based on the latest data, homes spent an average of 23 days on the market and the median sale price was $380,000.
Goggle Maps
In the 98665 ZIP code, there were 344 sales in the first three quarters of 2019 and the average inventory is 65 days. Based on the latest data, homes spent an average of 25 days on the market and the median sale price was $329,500.
Google Maps
14. Five Corners/Vancouver Mall, Vancouver
In the 98662 ZIP code, there were 486 sales in the first three quarters of 2019 and the average inventory is 89 days. Based on the latest data, homes spent an average of 26 days on the market and the median sale price was $335,000.
Google Maps
In the 98660 ZIP code, there were 192 sales in the first three quarters of 2019 and the average inventory is 37 days. Based on the latest data, homes spent an average of 36 days on the market and the median sale price was $327,306.
Enjoy a life defined by what is special, graceful, stylish and smart in this renovated Council Crest estate. A perfect blend of period details, contemporary design and amenities, this residence is designed for living outdoors as elegantly as indoors. Expansive stone patios are set within a landscape designed to capture a chorus of blooms year round. This spacious urban retreat is located close to parks, trails, the city, NW 23rd & OHSU.
Enjoy a life defined by what is special, graceful, stylish and smart in this renovated Council Crest estate. A perfect blend of period details, contemporary design and amenities, this residence is designed for living outdoors as elegantly as indoors. Expansive stone patios are set within a landscape designed to capture a chorus of blooms year round. This spacious urban retreat is located close to parks, trails, the city, NW 23rd & OHSU.
Perfectly positioned on a much sought-after street in Portland Heights, this home has been thoughtfully updated while maintaining its original integrity. Extensively renovated, this house enjoys a flexible floor plan with an updated kitchen, formal living areas, marble and tile bathrooms, spacious master suite and a lift/elevator from garage into basement. Close to 23rd, the city, major hospitals and freeways.
