1. Hasson Company, Relocation
Patrice Kuchulis
Director of Relocation
Kathryne Psihogios
Senior Relocation Specialist

2. NATIONAL REAL ESTATE 2016 Highest median home values:
Median Home Price Rose 7.7% to $228,400
Highest median home values:
San Francisco County, CA: $1,048, 166
San Mateo County, CA: $1,021,667
Marin County, CA: 1,009,308
Nantucket County, MA: $983,597
Santa Clara County, CA: $922,511
3.8 months to exhaust current inventory

3. HOTTEST MARKETS End of 2016
Seattle prices rose 10.8%
Portland prices were up 10.0%
Denver saw increases of 8.9%

4. How Does Portland Compare?
Metro
Monthly change
12-month change
Atlanta
0.2%
6.3%
Boston
0.6%
Charlotte
0.1%
5.6%
Chicago
0.5%
4.9%
Cleveland
0.4%
4.4%
Dallas
8.1%
Denver
8.9%
Detroit
-0.2%
6.2%
Las Vegas
0.3%
5.8%
Los Angeles
5.4%
Miami
-0.1%
6.8%
Minneapolis
5.7%
New York
3.1%
Phoenix
Portland
10.0%
San Diego
San Francisco
Seattle
10.8%
Tampa
1.1%
8.4%
Washington
4.2%

6. PORTLAND METRO REAL ESTATE
For Sellers

7. LET’S COMPARE January 2012 September 2014 January 2016 March 2017
Average Sale Price
$249,100
$338,100
$355,500
$428,400
Median Sale Price
$207,500
Median Sales Price
$289,900
$310,000
$370,000
Marketing time
136 days on market
Marketing Time
60 days on market
57 days on market
58 days on market
Months of Inventory
7 Months
3.1 Months
1.8 Months
1.3 Months

8. Median Avg:
$446,362

11. History of Yearly Real Estate Pricing Portland Metro Area
Average appreciation from
5.08%

13. TOP STATES IN & OUT 2016 MOVING IN MOVING OUT 1. South Dakota
2. Vermont
3. Oregon
4. Idaho
5. South Carolina
6. Washington
7. District of Columbia
8. North Carolina
9. Nevada
10. Arizona
MOVING OUT
New Jersey
Illinois
3. New York
4. Connecticut
5. Kansas
6. Kentucky
7. West Virginia
8. Ohio
9. Utah

14. HASSON TOP AGENTS REMARKS
MARKET FRANTIC /RED HOT!! $250,000 - $700,000
BUYERS HAVING A HARD TIME ADJUSTING
SOMETIMES LOSE ONE OR TWO BEFORE WINNING BID
WAIVING APPRAISALS, INSPECTIONS, ETC…
MUST BUY WHAT’S AVAILABLE VS. DREAM HOME
STICKER SHOCK
SOME RESORTING TO RENTING
RENTERS JUMPING INTO BUYING
LOTS OF EDUCATION NEEDED/INFO ON GOOGLE OFTEN NEEDS CLARIFICATION

16. Rent Increase Expectations
Nationally 1.7%
Seattle 7.2%
Portland 6%
Denver, Cincinnati and San Francisco close behind
San Jose/San Francisco/Manhattan most expensive
Portland lower than most West Coast Cities
Challenges expected to continue
Rents will go up on Single Family due to lack of inventory

17. Pearl/Downtown/NW Some Pearl projects upward of $3 sq.ft.
One bedroom $ $2500
Two Bedroom $ $3100
Increases expected over the Summer for 2 bdrm.
Nob Hill (Older Vintage) $2 - $2.50 sq. ft.
Parking – Average $175 - $195 (one only)
Offsite a few blocks away in City lot = $220+
Permit parking increased to $180 per month (tripled in April)

18. SUBURB RENTALS Big Increases
One Bedroom (newer) $ $2100 average
Hillsboro has especially gone up
Older units $980 - $1280
Two Bedrooms (newer) $ $2425 average
Older Units $ $1750

19. Rent vs. Buy RENT BUY Mortgage Int. & Property Tax Deduction
No Mortgage Int. Tax Deduction
Rent Increases
Decorate?…ask permission
No Appreciation
Vacate notices
Paying down landlords mortgage
Mortgage Int. & Property Tax Deduction
Mostly fixed payments
You are landlord. Decorate!
Forced savings account & value increases
Not at mercy of landlord
Paying down your own mortgage

20. How Rent Adds Up If rent is: 1 Year 5 Years 10 Years 15 Years $1,500
$18,000
$90,000
$180,000
$270,000

21. Mortgage/Interest Rates Rates
Currently 4.125% with 1 point
Credit scores above 700 (Ave. 680)
Changing daily
Conforming up to $424,100 (Conventional)
Over $424,100 is Jumbo loan also at 4.25% with 1 point
Rare 100% financing with VA and USDA loans
FHA 3.5% down. Loan limit $408,250 currently 3.75% with 1 point

24. Openness

25. White with Wood

26. Messy Kitchen

27. Barn Door Playrooms

28. Fireplace Moves to Kitchen

29. Matte Finishes

30. Booths Trendy

31. Wallpaper is back

32. Low Cost Luxury

33. Control Your Home Anywhere

34. Storage

35. Private Toilet Spaces

36. PATRICE KUCHULIS & KATHRYNE PSIHOGIOS
THANK YOU
PATRICE KUCHULIS & KATHRYNE PSIHOGIOS
HASSON RELOCATION