2970 NW Circle A | Move-in Ready


2970 NW Circle A Drive is move-in ready. The bathrooms have been tastefully updated with Ann Sacks tile, heated floors, built-ins and a sauna (in the master). For more information on this residence click here. 

Posted on October 10, 2017 at 4:54 pm
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U.S. Home Sales to Foreigners Surge 49% to New Record

U.S. home sales to foreigners surge 49% to new record

Foreigners are getting serious about “Buying American” real estate.

The National Association of Realtors released a report Tuesday that said foreign buyers and recent immigrants spent an estimated $153 billion on American properties in the year ending March 2017. That was a 49% increase over the previous year and the highest level since record-keeping began in 2009.

The purchases accounted for 10% of the total value of existing home sales in the U.S. The report did not include new homes.

The breakdown of sales between foreigners and recent immigrants was about 50:50.

Blame Canada

America’s neighbors to the north were one big factor behind the surge.

Canadian real estate investors nearly doubled their purchases of American homes over the period because of the relative affordability of properties in the States. Many Canadians have been squeezed out of property markets in cities like Toronto and Vancouver that have experienced rapid price gains.

Canadians were the second biggest foreign purchasers of homes after the Chinese. Buyers from China shelled out nearly $32 billion over the period, while Canadians spent $19 billion.

Trump turmoil?

Foreign buyers had to brush off U.S. political turmoil in order to make their purchases.

“The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of U.S. property over the past year,” said Lawrence Yun, chief economist at the National Association of Realtors.

“While the strengthening of the U.S. dollar in relation to other currencies and steadfast home-price growth made buying a home more expensive in many areas, foreigners increasingly acted on their beliefs that the U.S. is a safe and secure place to live, work and invest,” he said.

Location, location, location

Nearly half of all foreign sales were in three states: Florida, California and Texas.

Canadians gravitated to Florida. Chinese buyers focused on California. And Texas was the preferred state for Mexican buyers.

New Jersey and Arizona were the fourth and fifth most popular states.

The report estimated foreign buyers typically paid just over $302,000 per property, up 9% from the previous year.

About 10% of foreign buyers paid over $1 million.

Posted on July 24, 2017 at 11:12 pm
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4137 SW Greenleaf Court

Posted on June 9, 2017 at 6:35 pm
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Portland Luxury Homes | A Home for Every Lifestyle

Posted on May 24, 2017 at 5:55 pm
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Carina Lounge | Coming Soon to NW Portland

Posted on March 31, 2017 at 8:59 pm
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NEW – Light, Bright, Minimalist Spartan Shop

Spartan Shop, located on SE Grand, “Offers a carefully edited collection of beautiful, practical objects, influenced by the changing seasons without straying far from our core inventory of reliable, classic items.” For more information, visit the store’s equally sleek website: http://spartan-shop.com

Posted on January 30, 2017 at 11:44 pm
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New Year, Fresh Paint Colors: Becki Owen’s 2017 Blue Paint Guide

Posted on January 18, 2017 at 9:56 pm
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Happy Holidays from the MJ Steen Group

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Posted on December 31, 2016 at 8:03 am
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5054 SW Hilltop Lane | Close-in Estate

Hilltop 1

Posted on July 7, 2016 at 10:40 pm
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4166 SW Greenleaf – Lovely Greenhills Estate

Posted on August 15, 2014 at 8:09 am
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