2019 Yearly Market Reports

Our 2019 Yearly Market Reports for Central Oregon, Portland Metro, Oregon Coast, Columbia River Gorge, Southwest Washington, and Southern Oregon are here.

Our Market Reports offer an overview of trends, insight and existing market conditions in key communities throughout Oregon and SW Washington. The reports cover the history of key areas, communities, and sectors such as residential, residential with land, townhomes and condos, farm & ranch.

You can see all of our reports below or by visiting CascadeSothebysRealty.com/Market-Reports.

Central Oregon

Columbia River Gorge

Oregon Coast

Portland Metro

Southwest Washington

Southern Oregon


Fritz Junker’s penthouse with Portland’s only 180-degree circular living room is for sale at $1,450,000

Authored by Janet Eastman | 503-294-4072
jeastman@oregonian.com @janeteastman
See the original article here.

Daring designer Fritz Junker has a pad, tucked halfway up Portland Plaza’s iconic downtown tower, that is being promoted as perhaps the city’s sexiest condo for sale.

Forget the photos of mood lighting in the curving living room, the master suite’s mirrored ceiling or the bathrooms’ black tile double showers and oil-filled towel warmers.

It’s the teasing marketing video that publicizes that this “mid-level penthouse,” priced at $1,450,000, was designed to be like no other.

In five minutes, viewers can watch Junker and Bree Kemp dodge a spoofy villain type as they glide past the Portland Plaza residential tower’s amenities, from the round-the-clock concierge staff to the sophisticated lobby, before escaping to their high-tech home with darkening windows and a concealed safe room.

She changes outfits, from playful to pool to formal, while he remains in his tuxedo, even while working out in the gym with a dumbbell in one hand and martini in the other.

Junker’s script inspiration: After showing his friend the midcentury condo Junker gutted and rebuilt at 1500 S.W. 5th Ave. #1101, the friend had a one-word reaction to the experience: Illicit.

“There’s something going on here that’s sexy and sleek,” says Junker, who was an independent filmmaker before founding his design-build general contractor and interior design firm, Fritz Jünker Design & Remodeling, in 2007.

When Junker put his remodeled condo on the market, he and listing agent Jason Mendell of Cascade Sotheby’s International Realty decided to produce a “fun little video with a James Bond vibe that would showcase the home,” he says.

The elevated home is unique. In 1973, the original owner — some longtime residents believe it was the developer — somehow acquired a custom, double unit. This meant more than extra space, but granted him a circular living, dining and lounge space with 180-degree glass panels that curve and capture a view of Mount Hood.

Single condos in the triangular tower have a wall dividing the round corners, making those living rooms a half moon shape. You can see that figuration in a condo Junker remodeled and sold on the sixth floor.

He has lived for 15 years in various units inside the 25-story, glass-and-aluminum tower designed by celebrated architect César Pelli and the Los Angeles firm DMJM (now AECOM).

Junker served on the homeowners’ association board while the property, which consumes the entire block across from Keller Park, underwent a $10-million modernization completed in 2017.

The renovation design team included Opsis Architecture, interiors firm Staicoff Design Company and Lango Hansen Landscape Architects.

Junker said it was important for the changes to reflect the building’s heritage and original caliber of design, and to “reclaim its status as a premier Portland address.”

He has been hired by other Plaza homeowners to update their condos. High-end, well-crafted finishes play up the views from floor-to-ceiling windows. Upgrade can cost around $200,000.

For his home, he wanted to showcase 1970s finishes such as black glass and natural wood paneling. Here, gray-washed oak floors float on top of rubber underlayment.

Museum-quality oak display cases cling to concrete walls and columns, and LED lights outline curving soffits and coves.

He removed the galley kitchen to create an open kitchen with black leathered granite surfaces and a bar area with black glass cabinets.

And he installed $100,000 worth of audio-visual equipment, lighting and shades controlled by touchpads or apps.

The theater has an 82-inch Samsung ultra-high definition screen recessed into the custom cabinetry and Flagship Paradigm speakers and Anthem amplifiers. There is also a 4K LED TV in the bedroom.

“This condo is for someone who appreciates architecture and fine design,” says listing agent Mendell. “It’s a home built with precision and style and is a great example of the best of the best here in Portland.”

Mendell says he sees many spectacular luxury condos in the city, but nothing quite like this 2,436-square-foot unit.

“There is a level of creativity and craftsmanship at play here that isn’t typically available in our market,” he says.


Two Cascade SIR Brokers Make Top 15 List of Portland Agents On Social Media In 2019

Cascade Sotheby’s agents Julie Halter and Jacqueleen Rae were both named to the Top 15 Portland Real Estate Agents on Social Media in 2019 by PropertySpark.

PropertySpark researched hundreds of Portland real estate agents social media profiles through different mediums and then looked at objective data regarding the Portland real estate agents’ social media presence across various social media channels. 

See the full list here.

Find Julie Halter on Instagram & Facebook:
@juliehalter_sir
Julie Halter, Broker

Find Jacqueleen Rae on Instagram & Facebook:
@queenraesworld
Jacqueleen Rae Real Estate


Cascade Living | December 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and the Willamette Valley.

Click below to see the newsletter for your region:

Central Oregon
Columbia River Gorge
Oregon Coast
Portland
Southwest Washington
Willamette Valley


Cascade Living | November 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and The Willamette Valley.

Click below to see the newsletter for your region:
Central Oregon
Oregon Coast
Columbia River Gorge

Portland
SW Washington
Willamette Valley


This Is Home | A New Film by Cascade Sotheby’s International Realty

We proudly present our newest film – This is Home,  a stunning visual showcase of our commitment to local communities and our home here in the Pacific Northwest. Our brokers are real, authentic, and trustworthy. They have deep roots in the communities they serve, know the right places, the right tradesmen, and the right ways to help you. We honor the incredibly diverse lifestyles we serve throughout the region and our brokers are here to find what speaks to you. Whether that’s an oceanfront retreat, a high desert oasis, a high rise condo, or working ranch, we are your partner in fulfilling that dream.  Cascade Sotheby’s International Realty – where luxury is an experience, not a price point.

Click here to share.


Cascade Living | October 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and The Willamette Valley.

Click below to see the newsletter for your region:
Central Oregon
Columbia River Gorge
Oregon Coast
Portland
Southwest Washington
Willamette Valley


Moving Closer to Family

Baby Boomers are becoming Baby Chasers, and Here’s Why

According to the data trackers at Meyers Research’s Zonda, around 25% of boomers (those born between between 1946 and 1964) are choosing to pull up roots and move closer to grandkids after retirement. There are a number of perks fueling this popular trend. Running the gamut from practical and necessary to “I just want to watch my grandkids grow!,” there’s a reason so many retirees are choosing to bid farewell to their homes and move, sometimes all the way across the country, to be closer to family. 

While getting in on the fun during those first few baby years with the grandkids is often reason enough to hit the bricks, the opportunity to discover a new community and friends with similar lifestyles is a tremendous benefit that ought not be overlooked. Whether it’s a new partner for pickleball or someone to join for whisky tastings and cigars, finding someone who shares an interest is the perfect way to break the ice in a new place. At the end of the day, grandmas and grandpas deserve a little fun, too, ya know. 

Being There for Family

Raising a family is tough business, and no one knows that better than someone who’s made it all the way through to the other side and reached that golden age of leisure we like to call retirement. It’s a time to sit back, relax, and watch the next generation of teens make ridiculous fashion choices that they’ll almost definitely laugh at when they get older. Speaking of the next generation, older kids and teens can also be a big help around the house  — another perk to living closeby. 

Chores are a great way for kids to learn household skills, and it creates moments of bonding and shared experiences which help bridge generational gaps and encourage closer relationships. Whether shoveling snow or just watching a movie together, it’s an opportunity to spend casual time together outside of busy holidays and bustling family events. The support goes both ways, too. Grandparents can be a big help with after-school childcare and on snow days, sick days, and during seasonal breaks from school. 

Deciding to move to be closer to family is easy. Deciding exactly how close is a whole other conversation. Here are some common scenarios to think about, as well as a few pros and cons to consider when making a plan to move near grandkids after retirement. 

Moving in with Family 

This is likely the most affordable option for many people, as it may allow more adults to financially contribute to the household, but there are other budget-friendly options that can offer everyone a bit more breathing room. Adding an additional dwelling onto an existing homesite can be a cost-effective way to create a completely separate living space while still having all the perks of cohabitating with family, like daily breakfasts together or being there when kids come home from school. 

There are many benefits to cohabitating, but there are some challenges to keep in mind, as well, like different sleeping and waking schedules, housekeeping styles, and general living habits. It can be hard, no matter how much love is shared, so it never hurts to keep this in mind when considering living with loved ones. 

Buying a Separate Home

For those looking to be closer to family, but still wanting to retain privacy and autonomy, a  separate home is the best option. Using the profits from the sale of a previous home often means that a buyer has a budget which affords more options and even greater amenities that may not have been accessible previously. Gated communities are a popular option among boomers, as they provide a higher level of security and often include lifestyle amenities, like tennis courts, swimming pools, and clubhouses with resident events  — not to mention golf courses, gyms, and other resident perks which afford opportunities to get to know neighbors and build a sense of belonging within the neighborhood. 

Buying a Home Together 

Parents and grandparents looking to find a home for multigenerational living can choose to pool resources and purchase a larger home or one with an additional dwelling unit (ADU)  — a “mother-in-law suite,” as they’re commonly called. This option brings all the perks and challenges mentioned above; it’s also an opportunity to plan for the family’s future through smart real estate investments which can help support long-term financial goals and building assets to pass down to future generations. 

Here are a few examples of homes for sale with separate apartments and ADUs in Oregon and SW Washington. If you see something you like, or just want to know more about multigenerational homes, give us a call today for more information. 

Manzanita Separate Suite
Bend Extra Studio Unit
ADU in Tigard
Separate ADU in Washougal
Room for family on 12 acres in Sisters

Making the First Move

If you’re shopping for a new home, a shared home, or just curious to know what’s available near your kids and grandkids, the first step is to contact a reputable real estate agency which can guide you toward the best options in your desired area. Realtors are not just home experts, they’re local fixtures and ambassadors for the community. Getting to know a new place can seem overwhelming, but having a great realtor by your side can make it a little bit easier and a lot more enjoyable. 


Contact Cascade Sotheby’s now to explore homes for sale in Central Oregon, the Portland area, along the Columbia River Gorge, at the Oregon Coast, and in SW Washington.


RESIDE by Sotheby’s International Realty Podcast | Episode 2

Inspired by the pages of RESIDE Magazine, RESIDE by Sotheby’s International Realty Podcast explores the incredible people, places, and brands featured in the magazine, bringing their stories to life. From the nightlife of one of the world’s favorite cities, to art and beyond, RESIDE by Sotheby’s International Realty explores the best of luxury living.

On only the second episode ever of the RESIDE podcast, Deb Tebbs, CEO and Founder of Cascade Sotheby’s International Realty was selected to discuss Portland’s nightlife, what makes the city so unique, and discover the eclectic culture of Portland.

You can listen to the full episode by clicking here.