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Metro Market News

Owned and operated by Patrick Krause

 

Market News

Metro Market News was designed for one primary reason: to help people find the properties and the information that they desire about the Portland metro area all within one web site



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Discover one of Lake Oswego’s Last Exclusive New Developments: The Reserve at Westlake

Discover one of Lake Oswego’s Last Exclusive New Developments: The Reserve at Westlake

The Reserve at Westlake is an 18 lot development between Fosberg Road and Rogers Road in the heart of one of Lake Oswego’s most desirable neighborhoods. New construction is becoming quite rare in Lake Oswego primarily because there is not much land left to develop. As supply has continued to decrease, demand has steadily increased. Consequently, the lots in The Reserve at Westlake are being reserved QUICKLY!

The Reserve at Westlake

Home prices will likely range from the mid $800’s to over $1,000,000. The lot sizes span from approximately 5,200 sqft to over 10,000 sqft and there is a large natural protection area bifurcates the development which not only increases privacy but it also greatly enhances the view from most of the home sites. The interior of the neighborhood features a combination of evergreen and deciduous vegetation and the exterior is flanked by the winding sidewalks and nature trails that are woven throughout the Westlake area. New owners will be just steps away from restaurants, cafes, schools, parks and more! Moreover, the new commercial development at the corner of Kruse Way and Carman Drive in addition to some of the area’s best office spaces are just minutes from The Reserve at Westlake.

The overwhelming majority of the home plans will be custom drawn and each homeowner will have the opportunity to work with one of Portland’s most accomplished and experienced architects to design their residence. After its completion, The Reserve at Westlake will be one of the only fully custom-designed neighborhoods in the area….and it will show!

Houses in the Reserve at Westlake will be constructed by Street of Dreams builder, Westland Homes and all sales and marketing will be handled by Patrick Krause and Sean Shepard with Soldera Properties, Inc. 

Visit www.thereserveatwestlake.com and call Patrick Krause at 503.807.4430 today for more information!

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Exclusive Custom Estate Just Minutes From Downtown Portland

Exclusive Custom Estate Just Minutes From Downtown Portland

Step into luxury. You will feel as if you are on vacation even though the city center is just a few miles away…

 Custom Estate Near Downtown Portland

This spectacular property is located just off Skyline Blvd approximately five miles from downtown Portland. The central location allows for easy access to Nike, Intel and the rest of the Sunset Corridor as well. For buyers who are looking for a highly custom home on a large private lot with nearly every amenity, excellent schools and that is close to town, you need not look any further. This is truly a one-of-a-kind exclusive residence. 

From the beginning, you will notice that everything in, on and around this house and property has been hand crafted with top-of-the-line materials. Large and open rooms are complimented by huge windows and break-away doors that truly bring the outside in – thereby enhancing the commanding views of the surrounding green-space.

The meticulously designed and maintained interior features 5 bedrooms (including an incredible master suite with a private terrace and views of the coastal range), 5 full bathrooms and 3 half bathrooms. The gourmet kitchen has nearly everything that a cook could desire with easy access to the adjacent eating area, the formal dining room, the patio and pool and the main level family room. The strategic placement of all of the rooms in this part of the home makes entertaining a breeze!

 Custom Estate Near Downtown Portland

The tremendous den in this house is flanked by a wall of built-in cabinetry, a large cozy fireplace and a flat screen TV. It is also a very spacious room! Finally…you will be able to work in a space that is not cluttered because there is plenty of room for storage and work stations.

Custom Estate Near Downtown Portland

Upon your arrival at the lower level, you will realize that it is time for fun! To the left you will see the beautiful wet bar with extensive built-ins and seating that leads into the dramatic wine room that is spacious enough for dinner parties or perhaps even a good game of cards! The gym, guest bedroom and bathroom are located down the hall and as you step into the lower level family room you will be greeted by the floor-to-ceiling stone fireplace with a custom cut mantle that was brought in from Montana. This fantastic room has direct access to the yard and it also opens into the game room which offers plenty of space for billiards, foosball, seating and more.

Exclusive Estate Just Minutes From Downtown Portland

Exclusive Estate Just Minutes From Downtown Portland

It is almost impossible to tour this property without being amazed at the scale of the house, the quality of materials, the luxurious rustic and warm decor, and at how well thought out the floor plan has been designed and constructed. This property is large enough to accommodate virtually every buyer’s needs however it is so well planned and designed that you still feel very much at home.

Exclusive Estate Just Minutes From Downtown Portland

If you think the inside is amazing, wait until you see the outside areas! New owners will enjoy golf on the putting green, basketball and other activities on the enclosed sport court, horse shoe toss, bocce ball and of course, plenty of swimming in the pool and relaxing in the hot tub! What is also so nice about this property is that there are no houses behind you – the entire site backs to a beautiful greenway and forest area and is therefore extremely private. Don’t think that you won’t have neighbors back there though…there are plenty of deer that may pay you a visit from time to time.

Exclusive Estate Just Minutes From Downtown Portland

Exclusive Estate Just Minutes From Downtown Portland

CLICK HERE FOR A VIRTUAL TOUR.

Call Patrick Krause at 503.807.4430 to schedule a private showing!

 

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Metro Market Report for May and June 2014

Metro Market Report for May and June 2014

May 2014

Pending Sales: 2,989 (up 5.8% from previous month)

Closed Sales: 2,483 (up 15.9% from previous month)

New Listings: 4,192 (up 15.5% from previous month)

Ave Sales Price: $335,300 (up from $332,600 in April 2014)

Total Market Time: 67 days (down from 77 in April 2014)

Inventory (months): 2.8 (same as 2.8 in April 2014)

 

June 2014

Pending Sales: 2,965 (slightly down .8% from previous month)

Closed Sales: 2,617 (up 5% from previous month)

New Listings: 4,078 (down 2.7% from previous month)

Ave Sales Price: $334,800 (down from $335,300 in May 2014)

Total Market Time: 59 days (down from 67  days in May 2014)

Inventory (months): 2.8 (same as 2.8 in May 2014)

 

Half of the year is in the books and it has become fairly obvious that the real estate market in 2014 picked up where it left off after an excellent year in 2013. The major market indicators are quite strong but you will notice some leveling off when reviewing the stats in June. While the market is still certainly very good, I think most Realtors would tell you that they have noticed a pause in the marketplace. One could argue that something like that is healthy from time to time so that we don’t burn too hot and then crash. Even so, it is worth noting that pending sales, new listings and the average sales price have all fallen slightly from May to June. That said, I think there is a strong reason to believe that the second half of this year will continue to be quite good….especially since inventory and interest rates are looking like they will remain very low. 

Contact me today to find out what your home is worth in the current Portland Metro real estate market and/or to find your next home! Also, be sure to check out the “Search By City” section of Metro Market News. I’ve added videos and a Featured Properties section for each city that updates new market activity for each area in real time.

Patrick Krause

Owner, Principal Broker

Soldera Properties, Inc.

503.807.4430

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Homes for Sale in West Linn Over $1,000,000

Homes for Sale in West Linn Over $1,000,000

The internet can be a blessing and a curse. The information that you seek is almost certainly out there somewhere but sometimes it can be difficult to sift through all of the vast data to locate precisely what you are looking to find. Well, I have created a web page that has been specifically designed to help you find luxury properties in West Linn, Oregon. All of the information is continually updated and you can search via map, MLS#, address or by viewing the clickable thumbnail images below. 

Homes for Sale in West Linn Over $1,000,000

Contact me today to find out what your home is worth in the current Portland Metro real estate market and/or to find your next home! Also, let me know if you would like me to design a hyper-specific search with your criteria. I would be happy to create a page for you!

Patrick Krause

Owner, Principal Broker

Soldera Properties, Inc.

503.807.4430

 

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One-Level Homes for Sale in Lake Oswego, Oregon

One-Level Homes for Sale in Lake Oswego, Oregon

I am often asked about the availability of one-level homes for sale in Lake Oswego. As you know, there is so much information available online that it is often hard to find an efficient way to locate what you want.

Hence, I have created a hyper-specific web page that will only show one-level homes for sale in Lake Oswego. All of the data is continually updated so you will know that you are viewing current information. You can search via map and/or peruse the Featured Property section of live thumbnail images. CLICK HERE.

Fast…efficient…and accurate. Enjoy!

One Level Home For Sale

Contact me today to find out what your home is worth in the current Portland Metro real estate market and/or to find your next home! Also, let me know if you would like me to design a hyper-specific search with your criteria. I would be happy to create a page for you!

Patrick Krause

Owner, Principal Broker

Soldera Properties, Inc.

503.807.4430

 

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