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⭐️ Welcome to unparalleled luxury and exceptional quality! This breathtaking estate at 12955 NW Skyline Blvd, Portland, OR 97231, offers the perfect blend of European elegance and modern comfort. Situated on 20 acres, this home provides privacy and space just minutes away from Downtown Portland and Intel. 🏡 Property Highlights: Listing Price: $3,950,000 Bedrooms: 5 Bathrooms: 4.5 Living Area: 7,956 sq ft Lot Size: 20 acres MLS#: 22505585 Inside the Estate: ⭐️ Grand European elegance with inviting comfort ⭐️ Spacious rooms with soaring ceilings ⭐️ Stunning sunset and panoramic views from nearly every room ⭐️ Gourmet kitchen with a well-stocked butler's pantry ⭐️ Expansive covered and uncovered patios, outdoor kitchen, multiple seating areas, and fire pits ⭐️ Luxurious amenities including a temperature-controlled wine cellar, gym, radiant heated floors, 8 heating and cooling zones, 4 fireplaces, and laundry in the primary ensuite Outside the Estate: ⭐️ A mix of meadow and woods ⭐️ 1,700 SF detached garage, perfect for property maintenance equipment and RV parking ⭐️ Low taxes thanks to farm tax deferral and location outside the metro boundary (no SHS Tax) This is a rare opportunity to own a luxury estate in Portland, combining unmatched craftsmanship with extraordinary amenities.

Welcome to the 2024 Real Estate Market Outlook! Last year, we predicted a market focused on inflation and its impact on interest rates, and that held true. With extreme volatility, the lowest home sales in over 3 decades, and interest rates peaking around 8% in October, 2023 was a challenging year. However, since October’s peak, interest rates have declined from 8% to under 7% in just a couple of months. In November, existing home sales even rose after 5 months of decline, showing how sensitive buyers and sellers are to interest rates. This decline in interest rates has led to an uptick in activity, including an increase in mortgage applications, showings, buyer activity, and prices. In Portland, we're experiencing multiple offers, homes selling over list price, and homes selling in one weekend again. A promising sign after a slow and volatile 2023. **Prediction for 2024: The "Year of the 5’s"** - 5% Interest rates - 5.5 Million in total home sales (inventory) - 5% Home Price Appreciation **Interest Rates - How we get to 5%** The 30-year mortgage rate has historically moved in unison with the 10-year treasury yield. The average spread has been 1.72 over the last 50 years, but right now, the spread is wider due to economic and geopolitical uncertainty. As inflation gets under control, the spread will likely reduce, leading to lower interest rates. Many economists predict a "soft landing" without a recession, which supports this trend. **Inventory - How we get to 5.5 Million in Home Sales** The "lock-in effect" has kept inventory low, with many homeowners unwilling to give up their sub-5% interest rates. However, life changes and circumstances lead to transactions. Young couples needing more space, unhappy couples separating, and move-up/lifestyle sellers adjusting to higher rates will contribute to increased inventory and transactions. **Prices - How we get to 5% growth** Experts predict home price growth to "normalize" around 5%. While prices have come down from their peak, they are not expected to fall. The rise in interest rates has affected buying power, but historically, home prices have steadily climbed. 2020 and 2021 were exceptional years with low interest rates. In 2022, rates jumped, causing a rush to buy followed by a cooling off. Price cuts normalized the market, and since then, we've seen growth. **Conclusion** The 2024 real estate market shows signs of stability and growth. If you're considering buying or selling, now may be a great time. Contact me to learn more about the market or to make a move and check out my Blog for the full story.

Selling your home in Portland, OR? Here are the top five vital updates to ensure your property attracts the best buyers and achieves top dollar:

1. **Deferred Maintenance**: Fix old systems, roofs, and leaky faucets. Unattended issues can deter potential buyers.

2. **Fresh Paint**: Neutralize walls, touch up trim, and consider a fresh coat throughout.

3. **Landscaping**: Trim plants and trees, especially those touching your home. Maintain curb appeal.

4. **Curb Appeal**: Power wash entrances, paint the front door, and consider exterior updates like a new garage door.

5. **Deep Clean**: Thoroughly clean the home, including carpets and windows, to ensure it shines for buyers.

Ready to make these updates but worried about upfront costs? Contact me for information on options that allow for payment at closing. Reach out today for personalized advice and expert assistance in selling your home in Portland, OR!

For most of my adult life, the Greater Portland Metro area was my home. But it wasn't until 2016 that I stumbled upon the charming neighborhood of Cedar Mill. Much like many others, I confused Cedar Mill with Cedar Hills, my only memory of the area being a nostalgic visit to Tower Records on Cedar Hills Blvd during my college summers. Fast forward to today, and I proudly call Cedar Mill my home. Not only that, I am honored to serve as the President of the Cedar Mill Business Association, and I can't wait to reveal what makes Cedar Mill one of the finest suburbs in Portland. 

Moving to Portland, OR and searching for a great Neighborhood to live in? If you haven't considered Cedar Mill, it may be time to add this wonderful neighborhood to your list for consideration. 

One of the biggest concerns and barriers to home ownership right now is affordability, a problem that has only been exacerbated by rapidly rising home prices and interest rates. As someone who has lived in Portland, OR for most of the last 25 years, I wanted to better understand why this is such an issue right now and what I can do to help. Cities such as San Francisco, LA and Seattle have long been unaffordable to the average household, but the dream of home ownership was always achievable in Portland, OR. We were the smaller, more affordable, sister city to these other West Coast markets and affordability is really a somewhat recent problem. 

I'm often asked, "what will happen to home prices this year?" The short answer is, no one can predict the future, but the long answer is a little more complicated, and requires a closer look at what happened over the last few years and what is impacting the market right now. 

I am often asked if Home Buyers should wait for the market to "crash" to buy a home. In fact, 67% of Americans say a housing market crash is imminent in the next three years and media headlines do more to terrify than clarify. Thanks to rapidly rising home prices during the pandemic, and a slow down last Fall, there are often comparisons drawn between our current market and the Housing Crisis of 2008. As someone who lived through that time and owned property in Portland during that time, I understand the concern. However, current data shows today’s market is nothing like it was before the housing crash in 2008.