1800 SW Elizabeth Street | $999,000

Posted on August 16, 2017 at 10:16 pm
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2970 NW Circle A | $1,999,000


Posted on August 15, 2017 at 5:12 pm
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4137 SW Greenleaf Court | $940,000

Posted on August 11, 2017 at 8:52 am
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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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Mid-Century Inspiration

My listing on SW Greenleaf Court was built in 1981 but was inspired by the styles seen so often in mid-century architecture. By incorporating some of the colors, furniture, light fixtures and details from that time, this property would feel fresh yet stay true to its inspiration. For more information on my listing, click here. 

Posted on July 14, 2017 at 8:54 am
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Three Things to do in Portland

• Take a salsa-making class at SE Portland restaurant Xico

• Sign up for an art class at Carter and Rose

• Visit Washington Park’s International Rose Garden

Posted on June 26, 2017 at 6:03 pm
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4137 SW Greenleaf Court

Posted on June 9, 2017 at 6:35 pm
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Portland Dining News

Food & Wine recently named one of Portland’s new restaurants to it’s list of 2017 restaurants of the year. To find out what hotspot made the list, click here.

Posted on May 19, 2017 at 6:26 am
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Greenhills Mid-Century Vibe | $1,050,000

Posted on May 12, 2017 at 8:34 am
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Design Spotlight: Gourmet Eat-in Kitchens

Posted on May 9, 2017 at 8:56 am
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