U.S. Home Buyers Drove Contract Signings to December Record

4632 SW 18th Pl, Portland, OR 97239
Presented by Dori Olmsted | Offered at $1,069,000 | MLS# 20230131

From Mansion Global

Activity remained unseasonably high, though listing shortages threaten to take steam out of the housing market

The U.S. market continued an unseasonal rally in December, with pending sales hitting an all-time high for the month, according to an index released Friday.

Home buyers signed 21% more contracts in December than a year prior, as surging demand for homes kept dealmaking at unusually high levels given the time of year, according to the National Association of Realtors (NAR) Pending Home Sales Index.

Frenzied housing activity continued to show slight signs of deceleration, though it’s likely due to a severe lack of homes on the market, according to Lawrence Yun, chief economist at the NAR.

Signed contracts decreased by an ever-so-slight 0.3% in December compared to November, the fourth time in a row that dealmaking fell on a month-to-month basis. Pending sales peaked in August, though housing activity has remained at historically high levels since.

“Pending home sales contracts have dipped during recent months, but I would attribute that to having too few homes for sale,” Mr. Yun said in a news release on Friday. “There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings.”

Regionally, the South had the strongest December, with contracts up 27% over December 2019. The Northeast was next, with dealmaking up 22% year-over-year, followed by the West, up 19% annually, and the Midwest, up 14%, according to NAR’s figures.

On a local level, Portland, Oregon; Las Vegas; Denver; Los Angeles and Boston have recorded the most significant recovery in their markets since the lockdowns of last spring, according to a separate index from realtor.com.

Home prices in these and many other cities have soared as a result of competition over too few homes in the wake of the pandemic, which has spurred many to seek out new living arrangements while working and schooling from home. Inventory shortages could improve this spring, however, as sellers list their homes during the peak buying season, economists have speculated.

Full article on Mansion Global


People Moved to Oregon, Especially Bend, in 2020 Despite the Pandemic

187 NW Scenic Heights Drive, Bend, OR 97703
Presented by Julie Moe & Jared Chase Group | Offered at $1,595,000 | MLS# 220102359

From katu.com

Bend, Oregon is now being famously called “Zoom Town” – thanks to a spike of homebuyers in 2020.

Zoom Town, a reference to the video conferencing platform Zoom, described cities with a spike of workers who moved as they discovered that their jobs could be done remotely during the pandemic.

In addition to this, Oregon remains a popular moving destination. Most people have been buying homes in Bend with the intention of living and working there rather than buying a vacation home.

It is also been said that it is financially much more feasible to get a nice family home in and around Portland, as opposed to the Bay Area.

Full article on katu.com


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.

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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.

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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