Weave & Seed, a real estate practice by Celestina, 9400 SW Beaverton Hillsdale Hwy. Suite 250, Beaverton, OR (2026)

10/16/2022

— SEASONAL REVIEW —

Summer/Q3 2022

Tune in to our open Q&A this morning at 10am (link in bio) for a deeper dive.

Keep in mind: these numbers are for the entire Portland Metro area and different neighborhoods and property types can have unique submarket conditions.

TOP TWO

1. The numbers on this highlight are big.

We’re seeing change numbers like 43.9%, 100.0%, and 26.9%. What does that mean? We track changes over the last quarter/season as well as over the same time last year. Big numbers means big changes. We’ve been waiting to see these numbers come out for a couple of months now while we experienced significant shifts in the opportunities to pass on stewardship of a home or land (sell) or take on stewardship of a home or land (buy). The “market” has “cooled.”

2. Where is the outlier? Price.

Almost all of our data here reflects a cooled environment. Inventory is at 2 and is up 100% (doubled) from Summer 2021. Closed Sales and New Listings are down from 13.7% to 26.9% over last quarter and this time last year, but with Closed Sales decreasing more than New Listings, meaning while there are fewer sales, there are fewer new listings and they are outpacing sales (cue: higher inventory). But, prices are still up a few percent over this time last year. In a few months in our Fall review we may end up seeing that the prices continue to drop a bit over this quarter and last year. For now, we see some resilience in values despite some pricing slows.

TAKEAWAYS
Of course there is a conversation to be had about the big influencer here — interest rates — and we’ll be talking about that this morning at 10am. Nonetheless, the truth is that the large mix of variables and factors that go into what it takes to take on and pass on stewardship of a home (buy and sell) is an overall more balanced set of dynamics, which means more opportunity and flexibility for Buyers than we’ve seen in years.

Have questions about interest rates? Reach out. We can give you more thoughts and direct you to some lenders who can dig deep with you on what the interest rates mean for you, because it is your specific financial situation that matters.

w&s

10/14/2022

— SNEAK PEEK —

Here’s our agenda in advance of our open Q&A session this Sunday.

Link in bio for registration.

10/05/2022

— COMMUNITY EDUCATION —

The market has changed and is still changing. What it means to transfer stewardship - buy or sell - a home right now in Oregon is different than it’s been in a long time. There is A LOT to wade through when trying to understand what it does, and doesn’t, mean for you.

We’re here to help. Open to all weave & seed clients and all of Katie Walsh’s clients along with anyone out there who wants to join us, we’ll be giving an overview of the state of the market and then open it up to everyone for live Q & A.

Hope to see you there.

w&s

10/04/2022

— SEASONAL REVIEW —

Spring/Q2 2022

Note: social media freeze strikes again and this post is quite late but we’ll have the summer review coming soon.

TOP TWO

1. New listings were up 68% in spring from the last winter and closed sales were nearly constant over that time.

This is a nod to the annual rhythms we see in inventory and sales, but also an indicator of inventory increasing. We always see more new listings in the spring than in the winter. It turns out that with humans being the animals we are, we don’t like to uproot and move much in the cold and rainy winter up here in the PNW unless we have a specific reason to. That means fewer buyers and fewer sellers alike in the winter. Come spring time, sunshine and warmth bring renewed energy and we see an increase in volume overall, both buyers and sellers.

2. Inventory is at 1.1 months and up 39% from last quarter and this time last year.

What does that mean? With 1.1 months of inventory, if no new homes were listed for sale and if homes continued to sell at the same average rate they have been selling over the previous 6 months, all of the homes on the market would be sold in a little over a month. As a general rule, a “balanced” market between buyers and sellers is thought to be at 4-6 months of inventory. Inventory in the Portland area has been very low but it is above 1.0 for the first time in a long time.

TAKEAWAYS
Increased inventory of around 1.1 means a more *balanced* market than we’ve seen before. Even though homeowners looking to pass on stewardship (“sell”) can easily focus on how low inventory can bring more competition and a higher sales price, the truth is that those conditions can also lead to terminations when buyers feel they over-offered or can’t withstand the costs of repairs at the price they offered. Everyone wins in balanced supply & demand conditions, and even 1.1 months of inventory is very low.

Check back soon for our look at the summer data, and also for some news on a live Q&A about the market, interest rates, and the pros and cons of transferring stewardship (“buying & selling”) right now. For some of you, it may very well be the right time to make a move.

w&s

08/05/2022

— JUST LISTED —

Gardener's Oasis

2 🛏
1 🛁
1,232 SF 📏
Open Floor Plan
Spacious Fenced Yard
Updated Interior

Gardener's oasis in Brentwood-Darlington! Don't miss this dialed in bungalow on a gorgeous, oversized lot less than a mile from Woodstock Square. Yard is perfect for your gardening + entertaining dreams... or visions to add an ADU/Tiny Home. Move-in ready with updated plumbing, electrical, exterior/interior paint, water heater, furnace, roof + flooring! The newly renovated kitchen features a double pantry, granite countertops + stainless steel appliances. Come check out this one of a kind stunner!

Stop by our Open House on Sunday, August 7th from 1 - 3pm to take a look and say hello.

DM or reach out for details
MLS # – 22079421
$474,900

Natalie Angaritadwellings
[email protected]
503.505.2898

07/31/2022

🌞 A warm and belated welcome to...

~ Nat Angarita ~

Truth be told Natalie has been with us for 3/4 of a year. Believe it or not, it was one of our business card tendrils out in the world that caught her eye in a showing when she saw “Celestina” on a card, a name she’d been contemplating for the little one she was then in the process of bringing earthside into this world. Cosmic crossing of paths is the way Nat seems floats through life.
•
6 or so months later and earlier this year, Nat re-integrated into broker life after taking time to tend to herself and family, namely precious new family member Nova. At this point, Nat has been a licensed real estate broker in Oregon for over 6 years. She is taking on new clients after the new baby sabbatical earlier this year and anyone would be likely to get on board with her as their agent while she still has the room.
•
Nat was born and raised here in Oregon in Southeast Portland. She lives in the Woodlawn neighborhood with her husband and child in a home they’ve renovated on their own, prioritizes alignment, and believes in slow living and intentionality (but don’t mistake that for taking Nat to be anything less than an incredible and tenacious broker and advocate for her clients).
•
Her commitment to the “weave” (community & equity) has always been present and is only stronger today as she experiences the need for lgbtqia2s+ and racial equity through personal and family experiences. Nat’s commitment to the “seed” (earth & sustainability) in evident in how and where she spends her time, plus her connection with the earth in the meditations we’re lucky enough to have her take us through at our crew meetings.
•
If any of this resonates with you and you’re looking for a broker, drop Natalie a line. Like I said, she is taking new clients right now and frankly if you want to buy a home any time soon and you can get in with her as a client, I think you should!

Natalie Angarita
[email protected]
•
Welcome, Nat! We are so glad you are with us.

🧺 & 🌿

04/18/2022

— COMMUNITY EDUCATION —

• A big part of our mission at weave & seed is to be a resource for learning and empowerment in housing and for access to long-term stability in our communities through homeownership.

• One way we want to do this is by offering more and more educational tid bits about what it means to own your own home and what to consider, whether you own now but are going to sell and transition to stewarding a new property and need to go through the purchase process again or whether it’s your first time navigating any of this at all.

• Here’s a cheat sheet about how to prepare to get qualified for a home loan that we put together from reviewing many similar Dos and Don’ts lists from industry partners and colleagues over the years.

• Thank you to those who came before us from whom we have learned immensely, and welcome to those of you who may learn a thing or two from us now!

• Please don’t hesitate to reach out if you have questions. We have a short list of mortgage lenders who have done great work for our clients who we can connect you to if you want to dig into your financial ability to purchase a home soon, or to plan for your purchase sometime in the future.

Three cheers to you.
🧺 & 🪴

04/14/2022

— JUST LISTED —

Light & Bright English Tudor

4 🛏
2 🛁
2,248 SF 📏
Amazing kitchen
Hardwood floors
Bountiful yard & garden

Welcome Home! This magical English Tudor boasts an abundance of natural light & is perfect for entertaining. Hardwoods, high ceilings, skylights & open floor plan give a light & airy feel. Beautiful, bright kitchen with granite island & tons of storage. Enjoy the bountiful yard w/ flowers, fresh herbs & veggies from the raised garden beds. Enjoy the awesome double car garage for shop, parking or storage! Nestled in Richmond, a short walk to shops, restaurants & Mt. Tabor.

Stop by this Sat & Sun (4/16 & 4/17) from 10-12pm to take a look and say hello.

DM or reach out for details
MLS # – 22147143
$765,000

Marisa La Fatarunning.kind
[email protected]
503.816.2282

04/11/2022

— SEASONAL REVIEW: Autumn/Q4 2021 —

(Q1 numbers for 2022 should be out any day now and we’ll have that info coming at ya soon.)

Please keep in mind: these numbers are for the entire Portland Metro area and different neighborhoods and property types can have unique submarket conditions.

TOP TWO

1. Average & Median Sales prices were up 12% and 13% respectively over the same time period last year.

While we’ve seen year-over-year price increases in Portland like this before, wages are not seeing the same price increase and we know that it’s not good for affordability, especially for first-time homebuyers who don’t already have a home in the market that is fast appreciating. In a raw supply & demand analysis, these significant price increases correlate to the very low inventory we had in Q4 of 2021, which leads us to our next data point of focus.

2. Inventory is at 0.8 months and down 21% from this time last year.

What does that mean? With 0.8 months of inventory, if no new homes were listed for sale and if homes continued to sell at the same average rate they have been selling over the previous 6 months, all of the homes on the market would be sold in less than a month. As a general rule, a “balanced” market between buyers and sellers is thought to be at around 6 months of inventory. Inventory in the Portland area has been low for a very long time, but for it to be at 0.8 months and down 21% from last year shows us that it was only tougher to be a buyer in Q4 of 2021 than in Q4 of 2020.

TAKEAWAYS
As a current steward (homeowner), if you have been thinking about buying your home, it is likely that market your home has significantly appreciated since you purchased it. If you are interested in selling and would like to hear about ways you can sell and contribute to the community as a part of your sale, we’d love to talk.

While these Top Two points aren’t particularly inspiring for Buyer affordability, we do want you to know that if your goal is to own your home, there is almost always a way to make that possible with some planning and intentionality. Let us know if you want some guidance or are ready to steward your next home.

🧺 & 🪴

04/07/2022

— JUST LISTED —

Light & Bright Mid-Century Modern Ranch

3 Bedrooms 🛏
2 Bathrooms 🚿
1,744 SF 📏
Indoor/Outdoor Living
Open Floor Plan
Private Backyard Oasis

The mid-century modern you've been waiting for! This cheerful home is filled with light and versatility. The open concept floorplan is great for hosting inside and out! Features include vaulted ceilings, an updated kitchen, newer windows, new skylights & solar tubes, a huge covered patio, private backyard, and an oversized lot with manicured landscaping complete with a new shed for extra storage. New AC, roof, and gas fireplace. Extra long driveway for off-street parking.

Stop by on Saturday, April 9th from 11am - 1pm to take a look and say hello.

DM or reach out for details
MLS # – 22131806
$675,000

Amanda Brown

[email protected]
971-226-0588

01/07/2022

~~ 2021 in review ~~

➡️ we’d like to think it’s worth a swipe through

— 3 AGENTS REPRESENTED COMMUNITY —
While we were lucky enough to have incredible humans & crew members join us toward the end of last year, the vast majority of our year was Marisa, Amanda, and I (Celestina here), and the two of them came on board in the spring. We got to work with a delightful and inspiring spread of our community members as our clients.

— 45 HOMES TRANSFERRED STEWARDSHIP —
As you probably know by now, we try and be intentional with our language, knowing how powerful it can be. While we haven’t completely eradicated the language of “sales” and “sold” property, I wanted to take this opportunity to highlight some other language: as agents we supported the transfer of stewardship for 45 homes this year, from one steward to the next.

— $23,437 REDISTRIBUTED —
Some of you may know and others may not; we have a “4% off the top” redistribution practice at weave & seed. That means when a check comes in, before it gets processed for splits or fees or other costs and ultimately for take-home income, 4% goes right back out the door and into the community, every time.

— 5 ORGANIZATIONS SUPPORTED —
In 2021 we redistributed to 5 inspiring organizations variously related to the weave (equity & community) and the seed (earth & sustainability) of the so-called “real estate” world. If you don’t already know ‘em, check ‘em out. 🖤

And of course, while it goes without saying I’d like to say it a million times, this is all because y’all are out there trusting us to support you in your endeavors of place & home.
Thank you, thank you, thank you.
x 1,000,000

Give us a shout when you need us so we can help you, the earth, and our community, and do it all again this 2022.

🧺 & 🌱

12/14/2021

🪵 A warm welcome to...

~ Maddie Merchant ~

When you end up with the most wonderful new crew member through a years old connection with other incredible local industry colleagues and humans , all you can do is be grateful that the universe works the ways it does. ✨ Maddie reached out earlier this year as she was preparing to begin her pre-licensure coursework and just a few months later she is licensed and already supporting clients & community.
•
Now that she’s integrating into this work and our crew flow, I am constantly in awe of Maddie’s seemingly never-ending skill sets. From digital design to a keen staging eye and from close attention to detail in our contract study workshops to being a fearless plant rehabilitator for an office plant of ours, she’s a true Jill of all trades.
•
Maddie lives in the Buckman neighborhood, has been a family archivist, is passionate about architecture and design, earned her Master’s degree in Social Work in her most recent past life, and is deeply motivated by the prospects of supporting our community in the empowering experience of finding and making home.
•
Her commitment to the “weave” (community & equity) was clear from the first day we grabbed coffee and Maddie’s most pressing questions were about the social considerations and challenges of this work and her intentions to do her best to have a positive impact. I’ve seen and heard her commitment to the “seed” (earth & sustainability) in her house plants, love for the outdoors and time spent in many geographic parts of the country, and getting acquainted with the Pacific Northwest seasons.
•
If any of this resonates with you and you’re looking for a broker, don’t hesitate reach out to Maddie. She may be new but the truth is that means she’s got fresh legs, she’s up on her game, and she’s got the power of the rest of our crew behind her, too.

Maddie Merchant
[email protected]
•
Welcome, Maddie! We are so glad you picked us!

🧺 & 🌿

Weave & Seed, a real estate practice by Celestina

10/16/2022

10/14/2022

10/05/2022

10/04/2022

08/05/2022

07/31/2022

04/18/2022

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12/14/2021

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