March is in like a LION

March real estate activity numbers are in for Portland Metro home sales.

Below is a summary of the report from the Portland Association of Realtors.

The most recent data is actually pretty promising.  From February to March we saw increases in Median and Average sales prices.  We saw an increase in listings too.  But based on all the new pendings and closed sales, we were able to see a significant decrease in inventory!  The decline was seasonally normal, however, it managed to be the lowest March inventory for the last 3 years.


Thinking about investing in Temecula, CA?

WE DO!

Temecula may have its share of foreclosures. But that doesn't mean it's a bad real estate market. Sometimes, prices get ahead of the median incomes in the area, and that makes real estate unaffordable. Affordability is a key index for a healthy real estate Micronomy.

A Purchase at the peak of this market may have led to disaster, but we predict as prices have declined, affordability has reset itself again. And the fundamentals of this area between Orange County, San Diego and the Inland Empire, make for a strong recovery.

Incomes, Education, and Job Oppornities are impressive in all categories.
Expect steady appreciation in the future, however, nothing volatile or exuberant that led to our recent decline.



Presentation shows demographics, statistics, geography and quality of life.

If you are interested in opportunities in the Temecula Market, give me a call immediately. Or stay tuned to the blog for more.

Steve Roesch
Market Advisor
503-213-3550
Steve@NorthPointGroup.com