PROPERTY DETAILS
PROPERTY ADDRESS
696 NE 26TH ST GRESHAM, OR 97030
OWNER INFORMATION
OWNER NAME: Phillip Degennaro
VESTING:
MAILING ADDRESS: 696 NE 26th St Gresham OR 97030
OWNER STATUS: Owner occupied
LOCATION DESCRIPTION
COUNTY: Multnomah
CENSUS / BLOCK: 010405 / 1010
TSP - RNG - SEC: 01S - 03E - 03
LOT / BLOCK: 11 / 6
HOUSING TRACT: Cinnamon Ridge
ALT PARCEL #: R158503700
SCHOOL DISTRICT: Gresham-Barlow
MUNICIPALITY: Gresham
PARCEL #: R134017
PROPERTY DETAILS
PROPERTY CHARACTERISTICS
GROSS AREA: 1,664
LIVING AREA:
ABOVE GRADE:
BEDROOMS: 3
BATHROOMS (F/H): 2 / 0
FIREPLACE: 1
YEAR BUILT: 1980
PARKING TYPE: Att
UNITS:
BASEMENT:
GARAGE AREA: 528
ROOF SHAPE:
FOUNDATION: Concrete
ROOF MATERIAL: Composition
CONSTRUCTIONS:
HEAT TYPE: Forced Air
COOLING TYPE:
EXTERIOR WALL: Wood
ROOMS:
QUALITY:
INTERIOR WALL:
PORCH TYPE:
PATIO TYPE:
AIR COND: Y
FIXTURES:
FLOOR:
EQUIPMENT:
STORIES: 1
POOL:
CONDITION:
PROPERTY INFORMATION
LAND USE: Single-Family, Residential, Imp
ZONING: Low Density Residential
COUNTY USE: Residential Improved LOT ACRES: 0.2 STATE USE:
SQ FT: 8,572 LEN / WID:
TAXES AND ASSESSMENT INFORMATION
ASSD YEAR: 2023
ASSD VALUE: $279,480
TAXABLE VAL:
TAX YEAR: 2023
LAND VALUE: $201,250
MKT VALUE: $499,470
TAX AREA: 137
IMP VALUE: $298,220
EXEMPTIONS:
PROPERTY TAX: $5,261.96
IMPROVED %: 60
DISTRICT:
AREA HISTORY
DEMOGRAPHICS
ASSESSOR MAP
STREET
AERIAL MAP
CITY BOUNDARY MAP
SCHOOLS
Gresham-Barlow School District
ELEMENTARY SCHOOLS
NAME: Highland Elementary School
CHARTER SCHOOL: No
ADDRESS: 295 Ne 24Th St MAGNET SCHOOL:
CITY, STATE, ZIP: Gresham, OR 97030 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)665-7158 DISTANCE: 0.19 mile(s)
GRADES: Kindergarten - 5th Grade
NAME: Gresham Arthur Academy
ADDRESS: 1890 Ne Cleveland Ave
CITY, STATE, ZIP: Gresham, OR 97030
PHONE: (503)667-4900
TITLE ONE: 1-Yes
CHARTER SCHOOL: Yes
DESCRIPTION: 21-Suburb: Large
0.39 mile(s)
GRADES: Kindergarten - 5th Grade TITLE ONE: 2-No
MIDDLE SCHOOLS
NAME: Clear Creek Middle School
ADDRESS: 219 Ne 219Th
CITY, STATE, ZIP: Gresham, OR 97030
PHONE: (503)492-6700
CHARTER SCHOOL: No
MAGNET SCHOOL:
AREA DESCRIPTION: 21-Suburb: Large
DISTANCE: 0 90 mile(s)
GRADES: 6th Grade - 8th Grade TITLE ONE: 2-No
NAME: Walt Morey Middle School
CHARTER SCHOOL: No
ADDRESS: 2801 Sw Lucas Avenue MAGNET SCHOOL: CITY, STATE, ZIP: Troutdale, OR 97060 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)491-1935
0.99 mile(s)
GRADES: 6th Grade - 8th Grade TITLE ONE: 2-No
HIGH SCHOOLS
NAME: Gresham High School
ADDRESS: 1200 N Main Ave
CHARTER SCHOOL: No
MAGNET SCHOOL: CITY, STATE, ZIP: Gresham, OR 97030 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)674-5500
GRADES: 9th Grade - 12th Grade
NAME: Center For Advanced Learning CHARTER SCHOOL: Yes
ADDRESS: 1484 Nw Civic Dr MAGNET SCHOOL: CITY, STATE, ZIP: Gresham, OR 97030 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)667-4978
DISTANCE: 0 93 mile(s)
GRADES: 11th Grade - 12th Grade TITLE ONE: 2-No
Students We Serve
OREGON AT-A-GLANCE DISTRICT PROFILE
Gresham-Barlow SD 10J
SUPERINTENDENT: James Hiu | 1331 NW Eastman Pkwy, Gresham 97030 | 503-261-4550
Academic Success
Grade 3
Students
Grade 8
ENGLISH LANGUAGE ARTS
Students
High School Success
ON-TIME GRADUATION
Students
Students
District Goals
Our district strives to produce culturally responsive graduates who will thrive in an ever changing global community. We focus on providing high-quality instruction to each student in our district while providing a physically and emotionally safe and culturally responsive learning environment that gives students and families voice. We use our resources wisely and apply an equity lens in all decision making. We empower and inspire each student.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% on-time, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a wellrounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE DISTRICT PROFILE
Gresham-Barlow SD 10J
Outcomes
REGULAR ATTENDERS
ON-TRACK TO GRADUATE
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Highland Elementary School
PRINCIPAL: Nevin Van Manen | GRADES: K-5 | 1845 NW Highland Ave, Grants Pass 97526 | 541-474-5765
REGULAR ATTENDERS
Students
ENGLISH LANGUAGE ARTS
MATHEMATICS
School Goals
During the 2022-2023 school year our school improvement plan focused on three goals. The first goal was to lower our total behavioral incident count to at or below the average count for District 7 elementary schools. Our Mathematics goals was focused on 60% or more of our students meeting or exceeding their typical growth goal on the spring I Ready Diagnostic. Our third goal focused on 85% or more of our students having a positive rate of attendance for the year.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
Our school partners with our local law enforcement agency to enhance safety with a School Marshall Program. We regularly practice safety routines and trainings so all students feel comfortable and safe. We have implemented PikMyKid as an added safety measure during our dismissal process. We host many events that invite families and community into our building including new family orientation, music programs, curriculum nights, family movie nights, PTA events, and parent teacher conferences.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Highland Elementary School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
Educational assistants
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Each year we review and practice common area rules and expectations including how to use playground equipment safely and appropriate bus behavior. We follow school board policies that govern our interventions and responses to bullying and harassment. Our main efforts are in prevention through curriculum and creating an environment that is inclusive and positive. We implement Kelso’s Choice and Second Steps curriculum K-5 year-long as well as the supplemental Second Steps Bully Prevention Program by the end of October annually.
EXTRACURRICULAR ACTIVITIES
In addition to band and strings that is offered to 4th and 5th graders, we offer numerous opportunities outside of the regular school day including: Battle of the Books, Lego Robotics, Honor Choir, Oregon Master Gardener, lunch chess tournaments and a variety of after school clubs. Students are able to work in our school garden during lunch recess if they choose to, and they are monitored by an adult expert gardener.
PARENT ENGAGEMENT
We have an active and supportive Parent Teacher Association (PTA) as well as parent representatives on our Site Council and the district Parent Advisory Council. We communicate with families in a variety of ways including: email, monthly building newsletters, group and individual messaging from parent square, classroom messages on newsletters and/or homework and our building website. Parent conferences are held twice a year but we welcome parent meetings as requested. We welcome family volunteers to work in our classrooms, school wide events, PTA, and chaperone field trips.
COMMUNITY ENGAGEMENT
One of our biggest community partners is OPTIONS of Southern Oregon to provide mental health supports for our students. Our Public Safety Department partners with us to provide training with fire safety, safety protocols, as well as regular visits to our school and classrooms. We host parent education nights including our very successful READY! for Kindergarten events held three times a year annually. Local master gardeners serve to support our garden area. Local civic and religious organizations frequently partner with us to serve specific student needs, particularly around the holidays.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Clear Creek Middle School
PRINCIPAL: Elise Cantanese | GRADES: 6-8 | 219 NE 219th, Gresham 97030 | 503-492-6700
CLASS SIZE
REGULAR ATTENDERS
Students
MATHEMATICS
School Goals
At Clear Creek Middle School we are committed to promoting equity, engagement, and inclusion throughout our school. We are dedicated to ensuring that every student has equitable access to opportunities, resources, and support. Through a constant emphasis on Responsibility, Relationships, and Resilience, we will provide a superior academic, physical, and social/emotional education that supports all students towards being life-long learners, productive citizens, and caring adults. In addition, we will strengthen family engagement, continue developing our Multitiered Systems of Support, and work together to improve growth in math & reading.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
Together, we will create a school environment where everyone feels a sense of belonging, is welcome, and above all, feels safe. We believe that every student, staff member, and parent/family should feel valued and respected within our school community. We celebrate the diversity of our families, our staff, the rich language and cultural assets each person brings to our district. Our equity team continues to support culturally relevant teaching and learning to meet the diverse learner needs and improve cultural responsiveness within the school community.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Clear Creek Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
Teachers
Educational assistants 3
Counselors/ Psychologists/ Social Workers
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
We strive for our school to be free from discrimination, safe and healthy. Each student is entitled to come to school in an environment in which learning is valued and disruptions are minimized. Our discipline philosophy is designed to produce behavioral changes that will enable students to develop the self discipline necessary to remain in school and to function successfully in their educational and social environments. Lessons in regard to prevention of, and appropriate response to, acts of harassment or bullying are taught within our school and all entities are encouraged to report any bullying and harassment to school officials.
EXTRACURRICULAR ACTIVITIES
Clear Creek Middle School offers academic, enrichment, and athletic activities to students in district and SUN School sessions:
Including enrichment and co-curricular offerings before, during, and after school (Art, STEAM, leadership, Ecology, Computer Science, and others). They also provide academic support after school in homework and math, a meal program provides food after school, during breaks, and during summer session to enrolled students. Athletic partnerships and programs provide students athletic development opportunities in basketball, soccer, track, and wrestling. They create partnerships to provide parent, family, student education and support and they run Student Leadership Team, STREAM Labs and an Ecology Field Site.
PARENT ENGAGEMENT
Our school hosts a variety of events for attendance by families and the community. We also partner with local businesses to create opportunities for students. Please see our school website for specific information about our various activities. Two-way communication and active engagement is key. We have community liaisons to support Spanish and Russian families. In addition, we access telephonic language interpretation and schedule outside interpreters as needed to support families from all other language backgrounds.
COMMUNITY ENGAGEMENT
Clear Creek Middle School enjoys partnerships with local businesses and organizations to support school and community needs during and after the school day. Our Parent Association coordinates volunteer opportunities for families to support students and staff through fundraising, recognitions, and during-the-day volunteer activities in the school and classrooms. Student leadership identifies annual needs at the local, state, national, and international level to support.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Gresham High School
PRINCIPAL: Erika Beddoe-Whitlock | GRADES: 9-12 | 1200 N Main Ave, Gresham 97030 | 503-674-5500
REGULAR ATTENDERS
Students
Students
students who were first-time ninth graders in 2018-19 graduating in 2021-22
FIVE-YEAR COMPLETION
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2017-18 finishing in 2021-22
COLLEGE GOING
Students enrolling in a two or four year college within 16 months of completing high school in 202021. Data from the National Student Clearinghouse.
School Goals
Gresham High School is focused on building a positive culture and climate in our school, where every student feels like they belong and will have an opportunity to thrive. We are prioritizing family engagement, culturally relevant instructional practice, and overall graduation rates. Our multi-tiered systems of support will provide intentional and well designed universal supports for all students, along with additional and intensified supports designed to help smaller groups and individual students find success.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
We celebrate the rich cultural diversity of our students, families, and staff. We honor that every student and family feels a sense of belonging in our school community. It is our goal to know every student by name, strength, and need to ensure a safe and welcoming environment for all.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Gresham High School
About Our School
ADVANCED COURSEWORK
Gresham High School is in our third year of Advanced Placement course implementation. We offer twelve AP courses for our students with 4 options in Social Sciences, 2 in Language Arts, 2 in Science, 2 in Math, and 2 in World Languages. In addition, there are several opportunities for our students to earn college credit through community partners including Mt. Hood Community College, Western Oregon University, Eastern Oregon University, and Oregon Institute of Technology.
CAREER & TECHNICAL EDUCATION
At Gresham High School, Career and Technical Education Programs of Study provide an opportunity for students to earn college credit through the College Now program at Mt. Hood Community College. We offer CTE courses in Automotive Technology, Construction, Integrated Media, Education, Business Management, and Marketing Management.
EXTRACURRICULAR ACTIVITIES
As a member of the OSAA, Gresham High School offers co-curricular participation in 18 different sports and activities. In addition, our interest-based clubs include: MeCha, Black Student Union, GSA, Asian/Pacific Islander Club, Journalism, DECA, National Honor Society, Key Club, Theatre Arts, Yearbook, International Club, Hiking Club, and Social Justice Club.
PARENT & COMMUNITY ENGAGEMENT
Gresham High School partners with local businesses and community organizations to provide opportunities in the school, as well as in the community, that will bring enhanced engagement with our students. Partners include: SUN (Multnomah Family Services), TRIO, College Possible, Latino Network, Northwest Family Services, REAP, Trillium, IRCO, and many more. Each month, Gresham High School, SUN and the Oregon Children's Outreach program bring in, sort and deliver over 20 food boxes to Gresham community families. In addition, our community partners offer culturally relevant services to coach our students in their future endeavors (college/career), to re-engage students and families into our school, and to mentor and support our students during the school day.
105,594 $43,442 33.6 49% 51%
Centennial
Gresham Barlow
Reynolds
HOUSING
52.36% of homes owner occupied
47.64% of homes rented
POPULATION DENSITY
4,551.5 inhabitants per sq. mile
14,015 housing units at an average density of 1,767.9 per square mile
HISTORY
AGE DEMOGRAPHIC
21.1% under age 18
10.3% between ages 18 to 24
34.7% between ages 25 to 44
22.4% between ages 45 to 64
11.6% above age 65
CITY QUICK FACTS
4th largest city in Oregon
23.43 square miles
12 miles from downtown Portland
325 feet elevation
Highest Average Temperature 82
Lowest Average Temperature 34
METRO AREA BASE MAP
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
Urgent Care
LOCAL BUSINESSES
LOCAL BUSINESSES
Veterinary Care
Bowling Alley
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
GRESHAM UTILITIES
Emergency Police/Medical/Fire 911
Poison Control (800)222-1222 www.aapcc.org
United States Postal Service (800)275-8777 www.usps.com
Xfinity (800)266-2278 www.xfinity.com
Ziply Fiber (866)699-4759 www.ziplyfiber.com
Verizon (800)483-4100 www.verizon.com
AT&T
(800)288-2020 www.att.com
CenturyLink (866)963-6665 www.centurylink.com
Dish Network (800)318-0572 www.dish.com
DIRECT TV (800)531-5000 www.directtv.com
The Oregonian (503)221-8240 www.oregonlive.com
TRI-MET (503)238-7433 www.trimet.org
Northwest Natural Gas (800)422-4012 www.nwnatural.com
Portland General Electric (503)228-6322 www.portlandgeneral.com
City of Gresham Sewer Provider (503)618-2373 www.greshamoregon.gov/utilities
City of Gresham Water Provider (503)618-2373 www.greshamoregon.gov/utilities
Gresham Sanitary (503)665-2424 www.greshamsanitary.com
Gresham/Barlow School District (503)261-4550 www.gresham.k12.or.us
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $100 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
wwworegondmvcom/oregon/indexhtm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV)
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
MOVING CHECKLIST
UTILITIES
Electric
NWNaturalGas
WaterDistrict
SewerDistrict
GarbageProvider
Cable/Satellite
Fuel(Propane)
PhoneServices
Internet
FINANCIAL
BanksandCreditUnions
CreditCardCompanies (includingdepartmentstorecreditcards)
Lenders
(Mortgage,HomeEquity,Auto,StudentLoans)
InsuranceCompanies
(Health,Renters,Auto,Home,Medical,Dental,Disability,Life)
Retirement (Pensionplans,401K,SocialSecurity,VeteransAffairs)
Investments(InvestmentAgenciesandBrokers)
OnlineBillPayer
Paypal
GOVERNMENT
USPostOffice
DepartmentofMotorVehicles
(Obtainyourdriver’slicenseandchangevehicleregistration)
IRS
PassportOffice
VeteranAffairs
UnemploymentOffice
(Ifyouarecurrentlyreceivingunemploymentbenefits)
HEALTH
Physician
Pharmacies
SERVICE PROVIDER
Childcare
Housecleaning Services
Delivery Services
Lawn Care Services
Veterinarian
Pool Service
MEMBERSHIPS
Health Clubs
Membership Clubs(AAA or similar)
Community Groups (PTA, Neighborhood Associations, Civic Clubs)
Children’s Extracurricular
Activities(Dance Classes, Music Lesson, Sports Clubs)
SUBSCRIPTIONS
Newspapers
Magazine(USPS will only forward 2 months)
Movie Subscriptions
Book or Music Clubs
OTHER
Friends and Family
Employers(typically notify the HR Department)
MOVING CHECKLIST 8
8 WEEK BEFORE YOU MOVE
InventorySheets:Createaninventorysheetofallyour belongingswhichneedtobemoved
ResearchMovingOptions:You’llneedtodecideifyoursisa do-it-yourselfmoveorifyou’llbeusingamovingcompany
RequestMovingQuote:Solicitmovingquotesfromasmany movingcompaniesandmoversaspossible Therecanbea largedifferencebetweenratesandserviceswithinmoving companies
DiscardUnnecessaryItems:Movingisagreattimefor riddingyourselfofunnecessaryitems Haveayardsaleor donateunnecessaryitemstocharity
PackingMaterial:Gathermovingboxesandpacking materialforyourmove
ContactInsuranceCompanies:You’llneedtocontactyour insuranceagenttocancel/transferyourinsurancepolicy
1 WEEK BEFORE YOU MOVE
YourChangeofAddress:Changeyouraddresswiththe USPS,DMV,FinancialInstitutions,Utilities,Government Offices,HealthCareServiceProviders,Memberships, SubscriptionsandInsuranceProvisions
BankAccounts:Transferorclosebankaccountsifchanging banks Makesuretohaveamoneyorderforpayingthe movingcompany
ServiceAutomobiles:Ifautomobilesaretobedrivenlong distance,you’llwanttohavethemservicedsoyouhavea trouble-freedrive
CancelServices:Notifyanyremainingserviceproviders (newspapers,lawnservices,etc)ofyourmove
TravelItems:Setasideallitemsyou’llneedwhiletraveling Makesurethesearenotpackedonthemovingtruck
ContactUtilityCompanies:Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress
4 WEEK BEFORE YOU MOVE
StartPacking:Beginpackingallthingsdestinedforyournew location
ObtainYourMedicalRecords:Contactyourdoctor,physician, dentistandothermedicalspecialistswhomaycurrentlybe retaininganyofyourfamily’smedicalrecords Obtainthese recordsormakeplansforthemtobedeliveredtoyournew medicalfacilitiesifchanging Securityiscriticalofpersonal records
NoteFoodInventoryLevels:Checkyourcupboards, refrigeratorandfreezer Useupasmuchofyourperishable foodaspossible
SmallEngines:Servicesmallenginesforyourmoveby extractinggasandoilfromthemachines Thiswillreduce thatchancetocatchfireduringyourmove
ProtectJewelryandValuables:Transferyourjewelryand valuablestoasafetydepositbox;youdon’twantthemtobe lostorstolenduringyourmove
BorrowedandRentedItems:Returnitemsthatyoumay haveborrowedorrented Collectitemsborrowedtoothers
MOVING DAY
PlanYourItinerary:Makeplanstospendtheentiredayat thehouseoratleastuntilthemoversareontheirway
Someonewillneedtobearoundtomakedecisions Make plansforkidsandpetstobeatasittersfortheday
ReviewtheHouse:Oncethehouseisempty,checkthe entirehouse(closets,attic,basement,etc)toensureno itemsareleftornohomeissuesexist
DoubleCheckWithYourMover:Ensurethemoverhasthe newpropertyaddressandallofyourmostrecentcontact information,shouldtheyhaveanyquestionsduringyour move
VacateYourHome:Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve vacatedtheproperty
QuestionsToAsk:Whereisthegaragedooropener?Where arethekeystothehouse,mailboxandotherlockablearea? Didyouretrieveallkeysfromneighborsandfriends?
THE HOME DEPOT
(800) 466-3337 wwwhomedepotcom
Beaverton (503) 469-4242 4401 SW 110th Ave Beaverton, OR 97005
S Beaverton (503) 646-1525
13700 NW Science Pk Dr Portland 97229
Clackamas (503) 774-6372
9300 SE 82nd Ave Happy Valley, OR 97086
Hillsboro (503) 693-9090
1950 SE Minter Bridge Rd Hillsboro 97123
Jantzen Beach (503) 289-9200
1728 N Tomahawk Island Dr Portland 97217
Oregon City (503) 723-3181 2002 Washington St Oregon City, OR 97045
E Portland (503) 261-8543
10120 SE Washington St Portland 97216
NE Portland (503) 252-0188
11633 NE Glen Widing Dr Portland 97220
Sherwood (503) 925-8447
20260 SW Pacific Hwy Sherwood, OR 97140
Tigard (503) 639-3500
14800 SW Sequoia Parkway Tigard 97224
MOVING RESOURCES
THE HOME DEPOT CONTINUED
Troutdale (503) 674-3944
25101 SE Stark St Troutdale, OR 97060
LOWES (800) 466-3337 wwwlowescom
Hillsboro (503) 844-6200
1951 SE 24th Ave Hillsboro, OR 97123
Milwaukie (503) 794-2500
13631 SE Johnson Rd. Milwaukie 97222
Portland (503) 737-3000
1160 N Hayden Meadows Dr Portland 97217
Tigard (503) 624-2644
12615 SW 72nd Ave Tigard, OR 97223
Wood Village (503) 667-1005
1000 NE Wood Village Blvd Wood Village, OR 97060
DONATION FACILITIES
Goodwill (800) 741-0186 locatorgoodwillorg
The Salvation Army (800) 958-7825 wwwsalvationarmyusaorg
Value Village (800) 958-7825 wwwvaluevillagecom
MOVING TRUCK RENTALS
Budget (800) 462-8343 wwwbudgettruckcom
Penske (888) 996-5415 wwwpensketruckrentalcom
Ryder (800) 297-9337 wwwrydercom
U-Haul (800) 468-4285 wwwuhaulcom
STORAGE COMPANIES
NW Self Storage wwwnwselfstorage
Public Storage (800) 906-0879 wwwpublicstoragecom
Pods (888) 309-8967 wwwpodscom
TRANSFER STATIONS Garbage/Recycling
Metro Center (503) 234-3000
wwworegonmetrogov 6161 NW 61st Ave Portland, OR 97210
Metro South (503) 234-3000
wwworegonmetrogov
2001 Washington St Oregon City, OR 97045
RESOURCE GUIDE
AIRPORT
Portland International Airport (877) 793-4690 www.flypdx.com
AUTO & DRIVER REGISTRATION
DMV (503) 945-5000 wwwodotstateorus/dmv/
BUS SERVICE
C-Tran (360) 695-0123 wwwc-trancom
Greyhound (800) 231-2222 wwwgreyhoundcom
Tri-Met (503) 238-7433 wwwtri-metorg
CABLE TV & INTERNET
Verizon (888) 881-8161 wwwverizoncom
XFINITY (Comcast) (800) 934-6489 wwwcomcastcom
CITY CONTACT
Banks (503) 324-5112 www.cityofbanks.org
Beaverton (503) 526-2222 wwwcibeavertonorus
Canby (503) 266-4021 wwwcicanbyorus
CITY CONTACT CONTINUED
Cornelius (503) 357-9112 www.ci.cornelius.or.us
Damascus (503) 658-8545
wwwcidamascusorus
Estacada (503) 630-8270 wwwcityofestacadaorg
Fairview (503) 665-7929
wwwcifairvieworus
Forest Grove (503) 359-3200 wwwciforest-groveorus
Gaston (503) 985-3340
Gladstone (503) 656-5225 wwwcigladstoneorus
Gresham (503) 661-3000 wwwcigreshamorus
Happy Valley (503) 760-3325 wwwcihappy-valleyorus
Hillsboro (503) 681-6100 wwwhillsboro-oregongov
King City (503) 639-4082
www.ci.king-city.or.us
Lake Oswego (503) 635-0270 wwwcioswegoorus
Milwaukie (503) 786-7525 wwwcicityofmilwaukieorg
CITY CONTACT CONTINUED
Molalla (503) 829-6855 wwwcityofmolallacom
North Plains (503) 647-5555 wwwnorthplainsorg
Oregon City (503) 657-0891 wwwciorcityorus
Portland (503) 823-4000 wwwportlandonlinecom
River Grove (503) 639-6919
Sandy (503) 668-5533 wwwcisandyorus
Sherwood (503) 625-5522 wwwcisherwoodorus
Tigard (503) 639-4171 wwwcitigardorus
Troutdale (503) 665-5175 wwwcitroutdaleorus
Tualatin (503) 692-2000 www.tualatinoregon.gov
West Linn (503) 657-0331 wwwwestlinnoregongov
Wilsonville (503) 682-1011 wwwciwilsonvilleorus
Wood Village (503) 667-6211 wwwciwood-village-orus
COUNTY CONTACTS
Clackamas (503) 655-8011 www.co.clackamas.or.us Taxation (503) 655-8671
Multnomah (503) 248-3511 wwwcoclackamasorus Taxation (503) 988-3326
Washington (503) 846-8611 wwwcoclackamasorus Taxation (503) 846-8741
ELECTRICITY
Pacific Power (888) 221 7070 wwwpacificpowernet
Portland General (800) 542-8818 wwwportlandgeneralcom
HOSPITALS
Adventist Medical (503) 257-2500 wwwadventisthealthnwcom
Doernbecher Children’s Hospital (503) 494-8311 wwwohsuedu
Legacy Good Samaritan (503) 413-4683 wwwlegacyhealthorg
Legacy Emanuel (503) 413-2200 www.legacyhealth.org
RESOURCE GUIDE
HOSPITALS CONTINUED
Legacy Meridian Park (503) 692-1212 www.legacyhealth.org
Legacy Mt Hood (503) 674-1122 wwwlegacyhealthorg
Kaiser Permanente Sunnyside (503) 813-2000 wwwkaiserpermanenteorg
Kaiser Permanente Westside (503) 813-2000 wwwkaiserpermanenteorg
OHSU (503) 494-8311 wwwohsuedu
Providence Milwaukie (503) 513-8300 wwwprovidenceorg
Providence Portland (503) 215-1111 www.providence.org
Providence St Vincent (503) 216-1234 wwwprovidenceorg
Providence Willamette Falls (503) 656-1631 wwwprovidenceorg
Shriner’s Hospital (503) 241-5090 wwwshrinershqorg
Tuality Community (503) 681-1111 wwwtualityorg
Tuality Forest Grove (503) 357-2173 www.tuality.org
NATURAL GAS
NW Natural (800) 422-4012 www.nwnatural.com
NEWSPAPERS
The Columbian (360) 694-3391 wwwcolumbiancom
The Oregonian (503) 221-8240 wwworegonlivecom
Willamette Weekly (503) 243-2122 wwwwweekcom
RECREATION
Convention Center (503) 235-7575 wwworegonccorg
Expo Center (503) 736-5200 wwwexpocenterorg
Mt Hood Meadows (503) 337-2222 wwwmthoodmeadowscom
OMSI (503) 797-4000 www.omsi.edu
Oregon Zoo (503) 266-1561 wwworegonzoocom
Portland International Raceway (503) 823-7223 wwwportlandracewaycom
Portland Art Museum (503) 266-2811 wwwpamorg
RESOURCE GUIDE
RECREATION CONTINUED
Providence Park (503) 553-5400 www.providenceparkpdx.com
Regal Cinemas (800) FANDANGO wwwregalcinemascom
Moda Center (503) 797-9619 wwwrosequartercom
Willamette Jetboat (503) 231-1532 wwwwillamettejetcom
SHOPPING
Bridgeport Village (503) 968-1704 www.bridgeport-village.com
Cedar Hills Crossing (503) 643-6563 wwwcedarhillscrossingcom
Clackamas Town Center (503) 653-6913 wwwclackamastowncentercom
Columbia Gorge Outlets (503) 669-8060 wwwpremiumoutletscom/ columbiagorge
Lloyd Center (503) 282-2511 wwwlloydcentercom
Mall 205 (503) 255-5805
Pioneer Place (503) 228-5800 wwwpioneerplacecom
SHOPPING CONTINUED
Streets of Tanasbourne (503) 533-0561 www.streetsoftanasbourne.com
Washington Square (503) 369-8860 wwwshopwashingtonsquarecom
Woodburn Outlets (888) 664-SHOP wwwwoodburncompanystorescom
TELEPHONE SERVICE
Verizon (800) 483-4100 wwwverizoncom
AT&T (800) 288-2020 www.att.com
TRANSFER STATIONS
Metro Center (503) 234-3000
wwworegonmetrogov 6161 NW 61st Ave Portland, OR
Metro South (503) 234-3000 wwworegonmetrogov 2001 Washington St Oregon City, OR
Clackamas County (503) 668-8885 wwwwmnorthwestcom 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
g p , g being sent to an outside account and never credited to the intended party
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience
http://nationalwfgnationaltitlecom/2016/04/05/obsess-cyber-security/
OWNERS TITLE INSURANCE Why it's important
claims, or restrictions on the buyers property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent.
Executes the paperwork necessary to close the transaction
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
Executes the paperwork and loan documents necessary to close the transaction
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds
Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property
Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf
Prorates insurance, taxes, rents, etc
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction
Forwards deed to the county for recording
Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer
The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy)
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so The status of taxes for the subject property The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
TITLE VESTING
Common ways to hold title to real property
ASANINDIVIDUAL
Anindividualmayholdtitleinhisorhernameonly,regardlessofwhetherornotmarried–eg “JaneSmith,an individual” Thatindividualthenownsallrightstotheproperty,whichcanbesoldortransferredtoothersviawill ortrust Whileadivorceispending,however,ifthepropertywasacquiredduringthemarriageitwilllikelybe treatedaspartofthemaritalestateandthusbesubjecttocourtauthority.
ASTENANTSBYTHEENTIRETY
Aconveyancetoahusbandandwifecreatesatenancybytheentirety–eg “JohnSmithandJaneSmith, husbandandwife,astenantsbytheentirety” Thiscreatesasurvivorshipestate,whichmeansthatifonespouse dies,his/herinterestwillautomaticallygotothesurvivingspouse.Ahusbandandwifemayalsotaketitleas tenantsincommon(discussedbelow)iftheintentiontoholdtitleinthatmannerisexpresslystated
ASTENANTSINCOMMON
Unlessaconveyanceexpresslyprovidesthatthepartiesintendtocreateasurvivorshipestate(discussedbelow), aconveyancetotwoormorepersonswhoarenotmarriedcreatesatenancyincommoninwhicheachhas (unlessotherwisestated)anequalundividedinterestintheproperty–eg “JohnSmithandRobertJones,as tenantsincommon,eachastoanundivided50%interest” Eachtenantincommonthenownsanundivided interestintheentireproperty,whichcanbesoldortransferredtoothersviawillortrust
ASASURVIVORSHIPESTATE
Twoormorepersonswhoarenotmarriedmayalsoholdtitleastenantsincommonwitharightofsurvivorship, aslongasthesurvivorshipdeclarationisexpresslycontainedinthedeed–eg “JohnSmithandRobertJones, notastenantsincommon,butwiththerightofsurvivorship” Thiscreatesasurvivorshipestate,whichmeans thatifonepartydies,his/herinterestwillautomaticallygotothesurvivorandcannotbesoldduringthelifetime ofortransferredviawillortrustbythepartywhodiesfirst
ASREGISTEREDDOMESTICPARTNERS
Registereddomesticpartnersmaytaketitleas(i)tenantsincommon–e.g.“JaneSmithandMaryJones, registereddomesticpartners,astenantsincommon,eachastoanundivided50%interest”,or(ii)ina survivorshipestatesimilartothatofatenancybytheentirety–eg “JaneSmithandMaryJones,asregistered domesticpartnerswithrightofsurvivorship”
ASASAMESEXMARRIEDCOUPLE
Samesexmarriedcouplesmaytaketitleas(i)tenantsincommon–eg “JohnSmithandRobertSmith,a marriedcouple,astenantsincommon,eachastoanundivided50%interest”,or(ii)inasurvivorshipestate similartothatofatenancybytheentirety–eg JohnSmithandRobertSmith,amarriedcouplewithrightof survivorship,or(iii)astenantsbytheentirety–eg “JohnSmithandRobertSmith,amarriedcouple,astenants bytheentirety”.
ASANENTITY
Aregisteredentity,suchasacorporation,limitedliabilitycompanyorpartnership,mayholdtitle Titleshouldbe heldexactlyasthenameisregisteredwiththeOregonSecretaryofState–e.g.“Smith&Jones,LLC,anOregon limitedliabilitycompany”
DISCLAIMER–Theforegoingcontainsinformationalexamplesonlyandisnottobeconstruedaslegaladvice Giventhecomplexitiesinvolvedinacquiringandholding legaltitletorealproperty,WFGstronglyrecommendsthatyouseeklegaladvicefromanattorneypriortodoingso
ADMINISTRATIVE
12909 SW 68th Pkwy Ste. 350 Portland, OR 97223 503-431-8500
CLACKAMAS
9200 SE Sunnybrook Blvd Ste 350 Clackamas, OR 97015 503-353-9975
LAKE OSWEGO
5885 Meadows Rd. Ste 150 Lake Oswego, OR 97035 503-624-4900
LLOYD/COMMERCIAL
NW PORTLAND 25 NW 23rd Pl Ste. 1 Portland, OR 97210 503-219-9088
SUNSET
2430 NW 206th Ave Ste 125 Beaverton, OR 97006 503-533-9510
BETHANY 1500 NW Bethany Blvd. Ste 155 Beaverton, OR 97006 503-850-3990
DOWNTOWN VANCOUVER 101 E 6th St Ste 125 Vancouver, WA 98660 360-314-0300
SALMON CREEK
2105 NE 129th St Ste 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
5101 NE 82nd Ave. Ste 102 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER 2004 SE 192nd Ave Ste 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 10 4 11
700 NE Multnomah St Ste 190 Portland, OR 97232 503-230-8488
Gresham, OR 97030
REPORT FOR 7/2/2024
Single-Family Homes
This week the median list price for Gresham, OR 97030 is $509,900 with the market action index hovering around 50. This is less than last month's market action index of 53 Inventory has increased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Gresham, OR 97030
Real-Time Market Profile
Median List Price $509,900 Median Price of New Listings $467,500 Per Square Foot $255
Days
Strong Seller's Market
The market has been cooling over time and prices plateaued for a while Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Market Segments
Strong Seller's Market
Each segment below represents approximately 25% of the market ordered by price.
Median List Price
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
$700K
$600K
$500K
Segments
In most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to microlocation variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Market Action Index
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.
Median Days on Market (DOM)
The properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in the past 26 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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CONSUMER EXPERIENCE TIMELINE
TRANSACTION CLOSED
GATHER UP
SIGNING SCHEDULED
CLOSE TO SIGNING
TITLE CLEARED
UPDATER INVITATION
TITLE REPORT DELIVERED
TRANSACTION STARTED
MIDPOINT FEEDBACK
EARNEST MONEY