Ramiah Thomas
Co-Owner & Managing Partner | BHGRE | Investor · Founder | Portland Metro + SW Washington
THE FEBRUARY FORECAST!
This is the final call. Property values in the Metro usually see a 2 to 3 percent uptick starting Feb 1st. If you aren't in contract by Sunday, you are going to be paying the "Spring Premium" in a few weeks.
THE MILWAUKIE MOMENT
Priced out of Sellwood? You are looking 5 minutes too far north. Milwaukie is the value play of the year. The commute is faster than the West Hills and the price per square foot is over $100 lower than Portland proper.
RAW DATA LEAK: BEAVERTON 97229
Zillow is always a few days behind. I am seeing 12 price adjustments in Cedar Mill and Bethany this morning alone. These are January sellers who missed the holiday window and are starting to panic. If you want a 4 bed home for $50k under October prices, DM me.
THE MILWAUKIE MOMENT. If you are priced out of Sellwood, you should be looking at Milwaukie (97222) right now. With the 2026 MAX line improvements, the commute delta is gone but the price-per-square-foot is still $115 lower than Portland proper.
BEAVERTON OPPORTUNITY LEAK. Everyone focuses on downtown PDX but Cedar Mill (97229) just saw a 12% jump in "Price Reduced" inventory. These are high value school district homes where sellers are ready to negotiate.
THE WEEKLY RECAP. Inventory is up 9% in the core. Rates are flat. Leverage is with the bold. Tomorrow, we start the hunt again.
OPEN HOUSE HACK. Don't go to open houses on Sunday. Go on Saturday morning while it's quiet. Less competition and more time to actually see if the basement stays dry during a PNW winter.
SELLWOOD’S SECRET POCKET. The "South End" of Sellwood is currently undervalued by nearly 12% compared to the core. Great for first time buyers who want the zip code without the "Historic" price tag.
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