Conos Realty

10/02/2024

https://youtube.com/shorts/YKRFsiDz1pY?feature=share

*Real Estate Market Update**Portland Metro, Oregon**September, 2024*The real estate market in the greater Portland Oregon metro area in September 2024 saw a ...

06/16/2024

My Open House Today in East Portland | 12-2PM

3139 SE 119th Ave, Portland, OR 97266

Asking $499,900

3 bed | 3 bath | 1,901 SF | 0.23 Acre Lot

05/26/2024

https://youtu.be/3QhgR3DLqCM

**OPEN HOUSE | Sunday| 5/25/2024 | 12-2PM **🛏️ 4 Bed | 🚿 3.5 Bath | 🏠 3,031 SF | 0.12 acre lot📍415 NW MARLBOROUGH AVE Portland, OR 97210Step into the epi...

05/15/2024

**Pending for Buyers**

West Linn, OR is a great place to live for a variety of reasons. The city boasts a high quality of life with top-rated schools, beautiful parks, and a strong sense of community. Residents enjoy easy access to outdoor activities such as hiking, biking, and kayaking along the Willamette River. The city also has a thriving downtown area with quaint shops and delicious restaurants. West Linn's proximity to Portland allows for even more opportunities for entertainment and cultural activities. Overall, West Linn offers a peaceful and welcoming environment for individuals and families alike.

Are you or know someone looking to make a move?
Let’s get in touch!

Nathaniel Conos, Realtor®
Licensed in Oregon
(971)353-5094
[email protected]

05/05/2024

https://youtube.com/shorts/Mjv4NmVpc4o?feature=share

**OPEN HOUSE | Sunday | 5/5/2024 | 12-2PM **

🛏️ 4 Bed | 🚿 2 Bath | 🏠 1,682 SF | 0.12 acre lot

📍16120 SW El Rancho Ct, Beaverton, OR 97007

Welcome to your eco-friendly oasis! This stunning 4-bedroom, 2-bathroomhome is a perfect blend of modern comfort and sustainable living, situated in close proximity to Nike headquarters.

Nestled in a quiet, low traffic cul-de-sac, this residence offers not only spacious living areas but also incredible energy efficiency with its solar panel installation. Step into a bright and airy living space, where natural light floods through large windows, creating a warm and inviting atmosphere.

The well-designed layout seamlessly connects the living, dining, and kitchen areas, making it ideal for both daily living and entertaining. A $42,000 10.1 kWH solar panel system was installed with an EV charger in July of 2023, providing the owner annual savings of $1500 on energy costs. The savings will continue to grow over time as energy costs continue to increase. PGE has been approved to increase residential costs up to 17.2% starting in January 2024. Solar loan will be paid off at closing so you will be able to start saving on energy bills right away!

This year, the kitchen was fully remodeled, with all of the bottom cabinets being replaced with solid wood ones, new flooring, new backsplash and new countertops. Carpet was recently replaced as well! Interior and exterior have both been fully repainted as well. Four bedrooms are generously sized, with the flexibility to transform rooms into home offices or hobby spaces. The master suite is a private retreat, complete with an ensuite bathroom, ensuring a perfect balance of comfort and functionality.

Outdoors, a well-maintained yard provides a serene escape, gardening with the raised beds, or simply unwinding after a long day. The buyer can enjoy the benefits of mature landscaping as the seller planted trees years ago. In close proximity to shopping, parks and walking trails.

Nathaniel Conos, Realtor ®️
✉️ [email protected]
📞 (971) 353-5094

Listing courtesy of .realtor

**OPEN HOUSE | Sunday | 5/5/2024 | 12-2PM **🛏️ 4 Bed | 🚿 2 Bath | 🏠 1,682 SF | 0.12 acre lot📍16120 SW El Rancho Ct, Beaverton, OR 97007Welcome to your ec...

05/01/2024

* Real Estate Market Update *
* Portland Oregon Metro *
**April 2024 **

The market took a slower than expected turn as we head deeper into the Spring months of 2024.

1,441 sold single family homes, 236 less than the previous month and 406 less year-over-year (April 2023).

Meanwhile prices continued to an upward trend where median sales price rose $10k month-over-month (March 2023), which higher averages +$35k, as well.

Homes that sold spent less time on the market at 44 days, which is 9 days less than the previous month.

Slower than expected numbers likely impacted by the surge of mortgage interest rates (7.17% avg 30-yr 4/25/2024 vs 6.88% 3/7/2024[FRED]). Higher inflation numbers have pushed any interest rate cuts further.

I anticipate a slower than expected May 2024 as we already see a decline of homes pending, 842 less homes than previous month (March 2024), which is 1,690 less than what was observed the year prior (April 2023).

More inventory puts a more favorable position for buyers as more supply typically may ease home purchase prices. Peak activity saw 5,245 homes on the market, which is 196 more than the previous month.

Digging deeper into the data shows 7 out of 26 Portland Metro Areas showed increase in homes over the previous month, with Lake Oswego, North Portland, North East Portland, Hillsboro to list a few.

Do you have any questions about your local market? Feel free to get in touch!

Nathaniel Conos, Realtor ®️
✉️ [email protected]
📞 (971) 353-5094

03/30/2024

** Portland Metro Real Estate Market Update 3/30/2024 **

https://youtube.com/shorts/0ZjbAhIh3zk

With over 1510 (+664 prior week) homes sold and nearly half in the last week!

The local Portland Metro real estate market is picking up steam with more listings hitting the market 5,428 active (+487 prior month), while also at slightly higher prices. Median sale price ticked up to $530k and is up from $525k prior month.

The median days on market is 53 days, down 24% from the prior month at 70 days.

Just as a I predicted, in terms of activity, the market appeared to about a month shifted from last year. The average mortgage interest rate have fallen slightly to 6.79% as of 3/28/2024 [FRED]. With several rate drops are forecasted this year should foretell higher activity as we enter the peak real estate transaction months.

If you're looking to enter the market, either as a buyer or seller, let's get in touch!

Nathaniel Conos, Realtor ®️
✉️ [email protected]
📞 (971) 353-5094

** Portland Metro Real Estate Market Update 3/30/2024 **With over 1510 (+664 prior week) homes sold and nearly half in the last week! The local Portland Metr...

03/16/2024

https://youtu.be/H2NViRVSgn0

Are you thinking of making a move but think waiting for interest rates to drop will be more economical? Think again...I'm sure many potential home buyers and...

02/29/2024

Hello, Folks!

A slow start in 2024 real estate market with nearly 30% less homes sold comparing the month of Feb '23 to Feb '24. However, prices have slightly increased by 1.3%. It appears this trend may continue at least for another month as the number of homes that were or went pending in Feb '24 saw a decline of 43%. Also, there are more homes active on market at around 19% vs this time last year.

Interest rates may be the main indicator for the slow start. The average 30-year mortgage interest rates have remain around 7%, potentially leaving many would-be buyers in the sideline until rate drops occur, as forecasted by many outlets. Sellers and Buyers are waiting for any positive news related to rates. With more active homes in the market, the market would slightly lean towards a Buyer's market. However, if you're a buyer in todays market, unless the market tanks, don't see any price relief insight in the near future, if not price appreciation, as we've seen the last year. More homes in the market at higher listing prices YoY (+6%) may also have potential interest rates drop already baked in.

Do you know anyone looking to buy or sell a home? Send them my way! I'm never busy to provide them the best service.

*Data pulled from RMLS*

A slow start in 2024 real estate market with nearly 30% less homes sold comparing the month of Feb '23 to Feb '24. However, prices have slightly increased by...

12/12/2023

Take advantage of 3.5% interest rate with an owner assumable loan with my new listing!

📍553 NE Buena Vista St, Hillsboro, OR

What is an assumable loan and how can it be a game changer in financing your home purchase?

An assumable loan in real estate is a mortgage loan that can be transferred to a new buyer. This means that when a property is sold, the buyer has the option to take over the existing loan terms and rates without having to obtain a new loan. This can be beneficial for the buyer if the interest rates are lower than current market rates or if they are unable to qualify for a new loan. However, the lender must approve the transfer and the new buyer must meet certain criteria to assume the loan.

Here is an example that compares a 3.5% owner assumable loan to obtaining an 8.0% both with an initial amount of $500k. NOTE: the actual amounts may vary for this property.

The last two pics illustrate just how impactful interest rates are in today’s market. The owner assumed loan would benefit from a $1,364 lower monthly principal & interest payment ($2,335 vs $3,699)! Even more significant is how much savings the assumed 3.5% interest rate has over 8.0% when comparing the total costs. The total interest paid of the 8.0% is actually greater than the total amount paid by the assumed loan (~$782,978 vs $820,776)!

Ultimately, when assuming a loan it is important to consider the pros and cons in both the real estate property, as well as, the financial terms to see if it makes sense for you. Contact your local licensed real estate agent and licensed loan officers for further information.

Interested in this property that has a 3.5% interest assumable loan? Then let’s get in touch for more information or schedule a private tour!

Nathaniel Conos, Realtor ®️
✉️ [email protected]
📞 (971) 353-5094

12/09/2023

*JUST LISTED**

📍553 NE Buena Vista St, Hillsboro, OR

🛏️ 4 Bed | 🚿 2.5 Bath | 🏠 2626 SF

Assumable loan at 3.5% interest or conventional rehab financing option w/ low down payment!

Welcome to this gorgeous fully remodeled one-level 4 bed, 2.5 bath spacious ranch style home. Although the home has been updated down to the studs, the home requires some repairs to reach its full market value of $695k. The price has been set accordingly at under market value, providing you with the opportunity to invest in your own unique vision at a great bargain. This beautiful home comes with many upgrades that include new kitchen cabinets and quartz countertop w/ tile backsplash, new AC and electrical panel, new stainless steel appliances, new luxury-vinyl plank flooring and fresh paint throughout, newer roof and vinyl double pane windows, walk-in closets, ceiling fans and can lights throughout, and more! The heated garage with polyurea coated flooring provides an additional +400 SF of living space. The large fenced backyard has a gate access to a creek. Conveniently located near schools, only 1 mile to downtown Hillsboro, a 3 minute walk UJ Hamby Park and trails, easy commute to Intel and Nike, and only a 1 hour drive to the Oregon coast. Schedule your private showing today and seize this extraordinary opportunity!