Today’s Real Estate Report: The US Pacific Northwest

Boise Home Sales to Continue Growth in 2013Today, in our ongoing series about local real estate markets, we’ll take a look at home sales and trends in the Pacific Northwest.

First up, Idaho. Virtual-Strategy Magazine reports on Boise:

Boise Idaho Real Estate will remain strong in 2013, according to “People who visit Idaho are amazed at everything from weather to business climate and taxes. The strongest group seems to be Californians moving in” says Trey Langford founder of Build Idaho. In 2011, some 9 thousand people from out of state moved to the Boise area and that # is expected to be much higher in 2012, as the number of new homes built almost doubled.

Click here for gay realtors, mortgage lenders, and other real estate professionals in Idaho.

Montana Real EstateOver in Montana, KAJ18 notes that the housing market in Montana is the 6th best in the nation:

The housing market in Montana is strong, according to a recent study by The survey shows Montana is the nation’s sixth best housing market. The report also shows that Montana’s housing market has turned, with delinquencies low and Montanans having good credit scores. Robyn Erlenbush with ERA Landmark Real Estate in Bozeman says she has seen a lot of improvement in the market. She also notes the fact that there is a very low foreclosure and shadow inventory rate in Montana.

Click here for gay realtors, mortgage lenders, and other real estate professionals in Montana.

Portland, OregonIn Oregon, we’ll start in Portland. reports that the market is once again booming:

Homes sales climbed nearly 10 percent in Portland in January to 1,344, according to new data from the Regional Multiple Listing Service, another sign that Oregon’s economy continues a steady improvement. January home sales haven’t been that high since climbing to 1,594 in January 2007, the year the housing bubble popped. The average sale price climbed 15.5 percent in the last year to $287,700. The median price climbed 19.5 percent to $248,000.

Click here for gay realtors, mortgage lenders, and other real estate professionals in Portland, oregon.

Over at Oregon Live, they look at the Oregon market as a whole:

Sales of homes repossessed in foreclosure dropped in 2012 as more struggling homeowners turn to short sales to escape underwater mortgages. About 6,700 bank-owned homes were sold in Oregon last year, according to real estate listings website RealtyTrac. That’s 11.7 percent fewer than in 2011, and 20 percent fewer than in 2010.

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Seattle, WashingtonUp in Washington State, low inventory is driving up home prices, the Seattle PI reports:

A continuing shortage of homes for sale drove up prices in the Seattle area in February, according to a new report. But there are signs the market could be changing. The median sales price of a house was $420,000 in Seattle and $365,000 in King County in February, up 15.1 percent and 18.5 percent, respectively, from a year earlier, and 6.1 percent and 4.3 percent from January, the Northwest Multiple Listing Service reported Tuesday.

And finally, Washington state as a whole ranks 14th in price increases in its real estate market for the January 2012-January 2013 period, reports:

Home prices continue to increase across the country with Washington state ranking 14th in terms of price gains, according to CoreLogic, a residential housing information provider based in Irvine, California. Using CoreLogic’s home price index, which tracks repeat sales of single-family homes across the country, home prices nationwide rose 9.7 percent in January 2013 compared to January 2012. The figure includes distressed sales and marks the 11th consecutive increase in national home prices and the biggest increase since April 2006, CoreLogic said.

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