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Dear Friends and Clients,
Happy Holidays to you and yours! Wow, what a rollercoaster ride this year 2020 has been!
I want to say thank you for letting us be part of your community and trusting us to help you with the most important space we reside in, our homes.
Home is where we work, play, rest, learn, work out, entertain, and keep our families safe, now more than ever. Home is where the heart is. Everyone has part of their story tied to a home. We are grateful and honored to get to be a part of your story.
We hope that you and your family enjoy this holiday season and wish you a very Happy New Year!
Many blessings to you and yours,
Carolyn, Becki, Garrett, Carrie and Gina
"The purpose of our lives is to give birth to the best which is within us."
-- Marianne Williamson, Author and Spiritual Activist
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Portland Metro Real Estate Market Update
Stats provided by RMLS Portland Metro Home Sales Report November 2020
YEAR TO DATE SUMMARY
Comparing the first eleven months of 2020 to the same period in 2019, new listings (36,619) decreased 6.7%, pending sales (30,933) increased 7.5%, and closed sales (29,159) increased 6.5%.
Average and Median Sale Prices
Comparing 2020 to 2019 through November, the average sale price has increased 7.1% from $459,300 to $492,000. In the same comparison, the median sale price has increased 6.8% from $410,000 to $438,000.
 Inventory levels have dropped to 1.0 month in November. This is the LOWEST inventory level in RMLS records! What does this mean for you? If you are considering selling a home, now would be a good time to list because you will have almost NO market competition. You should NOT wait to list until the historically "hot selling season" of March - October as buyers are frantically searching for homes today and you will most probably have greater competition from other sellers in those future months. In addition, most homes priced below $600k recently have been receiving multiple offers above list price! Please note that the luxury SFR listings priced over $600k, as well as condo listings, are taking longer to sell (between 3-6 months) and may not experience the bidding war frenzy.
If you are a buyer, please call me to learn about my proven system for winning bidding wars!
Contact us for more information to better understand today's market.
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REMODELED HOME ON CULDESAC
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Beautiful remodel trending now! Great room concept lends to multifunctional living spaces. Fresh new kitchen boasts of quartz counters, SS appl- Samsung, kitchen island,eating bar w/ add,storage! New flooring, carpet, paint, int/ext, hardware and lighting. Master suite on main w/ bath, sliders to outdoor extended living. Large family/bonus room up w/dbl closets & 2 bedrooms + full bath. Den/office on main. 3 full baths! Home sits on culdesac almost 1/4 acre, private lot. Move in- Enjoy!
VIDEO TOUR
8314 SW Ozette Ct, Tualatin OR 97062 - RMLS 20558779
Offered at $509,900
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NEW PRICE IN KINGS HEIGHTS!
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The Crown Jewel in sought after Kings Heights neighborhood.
Commanding panoramic views await from every level; city, mountain, river & the west hills! This lovely Tudor has been meticulously restored w/modern conveniences married with old world charm. Enjoy the sunroom & expansive decking creating extensive outdoor living. Terraced yard w/walking paths & flat yard space! Master suite w/ custom bath fit for a queen! Guest quarters w/full bath & family room on LL. Pride of ownership abounds! Click here to view more.
294 NW MacLeay Blvd, Portland 97210 - RMLS 20244767
Offered at $1,197,500
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PRICE IMPROVED & MOVE-IN READY!
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Gorgeous contemporary studio in the heart of Northwest!
Open to a wall of windows w/ privacy of lush tree views. This beauty shines, beautiful hardwoods, slab granite, kitchen island/bar, high ceilings & walk in closet w/ organizers. Enjoy your own private balcony. Secured courtyard w/elegant water features. Generous bath suite w/ extensive granite. Washer/dryer in unit. Storage unit & deeded parking. Walk to restaurants/brew pubs/groceries, cafes, bus line. Walk score 98, Bike score 97!
2350 NW Savier St., #B232, Portland - RMLS 20611304
PRICE IMPROVED $349,900
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Gorgeous Craftsman home on close to 1/4-acre private lot.
Enjoy your own sanctuary w/ period inspired updates just minutes to desirable Multnomah Village. Gorgeous hardwoods, fresh updated baths, stunning remodeled kitchen w/ extensive quartz counters, eating bar, SS appl & pantry, storage + wine cellar. Enjoy multiple outdoor spaces creating extended outdoor living & territorial views not to be missed! Mins away from local eats, shops, pubs, cafes & downtown.
6060 SW Taylors Ferry Rd, Portland - RMLS 20284912
Offered at $549,000
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PENDING IN 5 DAYS WITH MULTIPLE OFFERS!
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Lovely one level home has been beautifully updated throughout! Enjoy the holidays in this spacious kitchen w/large island, pantry, two sinks, new hardware/lighting/backsplash. Great room concept lends to family seating plus formal dining for your family meal. Master suite w/ bath. Large deck for outdoor entertaining & generous fenced backyard. RV Parking & 2 car garage w/shelving. Close to shopping, restaurants, bus lines. Private lot. Truly move in and Enjoy!
11938 SE Bush St., Portland 97266 - RMLS 20224035
Offered at $410,000
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PENDING IN 4 DAYS WITH MULTIPLE OFFERS!
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Your chance to own this pristine home in the exclusive Highland Park 55+community!
Located near the walking paths & greenbelt common area. This spacious floor plan offers the great room concept, perfect for maximizing living space. Master suite in the back of the unit for privacy. The second bedroom or office opens to a covered patio facing common area professionally landscaped grounds. Kitchen has newer SS appliances & island. Full washer/dryer in unit.
16286 SW 130th Terr, #60, King City 97224 - RMLS 20164973
Offered at $235,000
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PENDING IN 6 DAYS W/MULTIPLE OFFERS!
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One level lovely remodeled home w/ spectacular
outdoor space!
This beauty is all dolled up and ready for move in! Fresh, hip kitchen and bath remodel w/quartz, wood like laminate flooring and new carpet. All new hardware & lighting! Newer paint inside and out. Private and generous outdoor space w/ play structure, and storage. This gem sits on a cul-de-sac on a tree lined quiet street. Mins to local eats, shopping, cafes, pubs.
Close in to Nike and Intel.
5470 SW 164th Ct, Beaverton 97007 - RMLS 20199765
Offered at $419,900
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Sweet one level home in the heart of wine country!
This darling home has brand new carpet, fresh paint and newer appliances. Tile roof and well-maintained exterior make for low maintenance. One of the larger yards in the neighborhood, private w/ mature plantings. Host friends & family on your covered patio or front porch. (This is a 55+ community). Attached garage w/ workbench and extra storage. Tons of local eats and wineries minutes away! Don't miss this jewel box!
1619 NW Aldersgate Ln, Newberg - RMLS 20163165
Offered at $259,900
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SOLD IN 5 DAYS AT 104% OF LIST PRICE!
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Oh, what a sweet home in Dundee!
Love where you live in wine country! This family home sits on a cul-de-sac, minutes to some of your best local eats and wine tasting rooms. A perfect family home w/a great traditional floor plan & fresh interior paint. All your daily functional spaces, the gym, offices, home school & plenty of room for outdoor entertaining. Enjoy a beautiful & spacious backyard, fully fenced & surrounded by mature trees equals privacy & views. Brand new SS range & dishwasher.
190 SW Namitz Ct, Dundee 97115 - RMLS 20297467
Offered at $410,000
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New Housing Report
In a recent report issued by Oregon Housing and Community Services, the state affirmed the findings from 2018 that the chronic underproduction of housing has reached critical levels. According to analysis conducted by ECONorthwest, Oregon has an existing housing deficit of 140,000 units including over 60,000 in the Portland metropolitan region. This underproduction means that housing continues to act as a scarce asset in the marketplace, which in turn leads to inflated housing costs. Regionally, housing production has lagged woefully behind household formation, meaning every ten new households in the Portland region are competing for only six units of housing.
Source: HBA
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Ways to Help the Portland Area Community During the Holidays | Charities, Events + More
The holiday season brings a lot of joy, cheer, feasts and gift giving. It’s also a natural time to give back to the community, as there are many in our midst experiencing hunger or homelessness. The holiday season is especially difficult for those in need, and this year there’s an extra layer of needs in light of the coronavirus pandemic.
Thankfully, there are many local organizations in the Portland area actively working to address those needs, with meal programs, housing and emergency services, toy drives, and much more. I am extremely passionate about supporting these nonprofits and charities, especially during the holidays. There are several ways you can get involved this year, including monetary donations, volunteer opportunities, in-kind donations, and even participating in a virtual event that benefits a charity.
Together, we can make a difference in our communities this holiday season — and beyond!
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Make These 6 Money Moves in December to Maximize Your 2020 Tax Benefits
December is flying by in a flurry of last-minute presents, cold snaps and virtual holiday parties. But don’t get so caught up that you forget your finances. As the calendar year ends, time is running out for you to maximize your 2020 tax benefits.
Dec. 31 is a major deadline, especially if you’re planning to itemize your tax return when you file in 2021. (Thanks to the Tax Cuts and Jobs Act, in recent years some 90% of people have taken the standard deduction, so your mileage may vary.)
Here are six things you might want to pay now so you can benefit later.
529 contributions
Dozens of states offer tax benefits to people who contribute to 529 college savings plans, and many have a Dec. 31 deadline for those contributions.
Donations to charity
The CARES Act created a $300 above-the-line deduction even for those who don’t itemize their taxes. But if you do, Colleen Carcone, director of wealth planning strategies at TIAA, says you should take advantage of the tweaked charitable cash contribution limit for 2020.
Your mortgage
Couples filing jointly can deduct the interest paid on qualified residence loans of up to $1 million, depending on when they were secured. (If you file separately, you can deduct interest on as much as $500,000 of the indebtedness.) You can maximize the 2020 tax benefit by making an extra mortgage payment before December ends.
Business expenses
The American Institute of Certified Public Accountants suggests people with home businesses and side hustles look at their finances now so they know what to expect next year. Also, if there are any big purchases you’ve been considering, you might want to pull the trigger now.
Medical bills
You can deduct certain medical expenses if they exceed 7.5% of your adjusted gross income.
Quarterly estimated taxes
Fourth-quarter estimated tax payments are due Jan. 15. But Mike Savage, CEO of 1-800Accountant, says you might want to avoid procrastinating. If you make your state payment this month, you’re technically meeting the deadline and getting it in before the end of the year. That means you can deduct the payment on your 2020 federal income tax return.
By making a ‘prepayment’ of your state estimated tax payment for the fourth quarter two weeks earlier, you have accelerated the ability to deduct the payment by a year.
Ask your tax account for more information or contact me to refer one.
Source: money.com
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New Year Resolutions For You and Your Home
Every year, the New Year arrives, brimming with possibilities. Promises and resolutions are abundant. You feel this time, it’s really going to be different and nothing will stop you from accomplishing your goals.
January will soon arrive, so what about your home – the place where you’ll spend most of your year? Below we present to you ten resolutions for your home this year, in the perfect spirit of new beginnings. They say home is where your heart is but a lovelier, better organized, and more comfortable place to live will surely work wonders.
- Cut down the use of energy.
- Create a healthy and family-friendly kitchen
- Keep indoor air uncontaminated
- Install low-maintenance and durable materials
- Make your house safe and sound
- Get your space organized
- Spend some time on home improvement projects together
- Get your finances right
- Work out a system to keep your house clean
- Make your place more welcoming
Focus on mental health, too.
This is the time of year many people resolve to take better care of themselves. Join a gym, eat healthier, cut down on alcohol – you know the drill. But improving physical health isn’t the only resolution to consider. We can all resolve to improve our mental health, too. And research has proven that certain strategies really do improve mood and reduce the risk for mental illness. Here are 10 relatively easy changes you can make that will have a big impact on your mental well-being in 2021.
- Get more sleep.
- Exercise more.
- Get a hobby.
- Put down your smartphone.
- Learn how to meditate.
- Get a planner.
- Keep a journal.
- Help others.
- Be grateful.
- Be nicer to yourself.
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Thank you and have a great month!
We hope you have found our eNewsletter informative. If you have any real estate questions feel free to contact us.
As always, thank you for your friendship and referrals.
Sincerely,
The Carolyn Hoty Team
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Carolyn Hoty
OR Principal Broker
BA
MULTI MILLION DOLLAR PRODUCER
OFFICE: 503-546-9955
CELL: 503-780-3688
9755 SW Barnes Rd #560
Portland, OR 97225
Each Office Independently Owned and Operated
about our team
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Garrett Conn
Director of Buyers Division
Licensed in the state of Oregon
CELL: 503-569-5512
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DATES & EVENTS
OF INTEREST
Portland Area Holiday Events, Lights, Traditions and Entertainment
OregonLive.com
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PREFERRED VENDORS
JUHA TUOMINEN
Company NMLS: 1830982
Broker NMLS: 53792
8800 SE Sunnyside Rd., Suite 111N, Clackamas, OR 97015
O. 503-208-8220
C. 503-997-7521
F. 503-208-8702
E. juha@rootmortgage.com
KAZEM ABUNNADI
American Family Insurance
11855 SW Ridgecrest Dr., #215
Beaverton, OR 97008
503-520-0794
kabunnad@amfam.com
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