Thinking Bigger When the Industry is Dismantling

Listen here

Recently, I had the privilege of being a guest on the Think Bigger Real Estate Show, hosted by the amazing Justin Stoddart. It was an insightful and thought-provoking conversation, and I’m thrilled to highlight a few key takeaways from our discussion.

In our talk, we explored various chapters, each offering valuable insights into the real estate industry and beyond:

  • “Unlocking Success Beyond Real Estate”: We discussed the importance of thinking outside the box and solving bigger problems to stay relevant in a changing market. It’s all about expanding horizons.
  • “Adapting and Thriving in Changing Times”: We dove into the need for real estate professionals to adapt to new environments and find alternative paths, uncovering opportunities ahead of the competition.
  • “Innovative Strategies to Expand Your Real Estate Business”: Discover how finding your niche and thinking big can transform your approach to the industry. It’s about looking at the broader picture of housing, beyond just closing deals.
  • “Solving Bigger Problems and Networking for Success”: We explored the significance of tackling significant housing issues, such as affordability and homelessness, while networking with influential individuals who can guide opportunities your way.
  • “How Real Estate Professionals Can Drive Change and Attract Opportunities”: We discussed the power of industry participation, believing in oneself, and providing value to the public, not just buyers and sellers.
  • “Simplicity, Openness, and Giving: The Keys to Expanding Your Real Estate Horizons”: Find out how simplicity, sharing even the most basic information, and giving back can lead to growth and success.

I’m genuinely excited to share these insights with you, and I hope you’ll find them inspiring. You can listen to the full episode right here.

Thank you for being a part of this journey. I look forward to sharing more thought-provoking conversations and insights with you in the future.

Warm regards,

Eric

What in the World is Really Happening in the Real Estate Market?

Watch the video here or read the transcription below (with some edits for clarity)

What’s up everybody and thanks for joining me for this week’s market minute. Now, somehow we found ourselves in 2023 and how we got here I have no idea, but the market is just cruising right along. I’m here to bring clarification to the number one question we’ve been getting from our buyers, our sellers, and those sitting on the sidelines — what in the world is going on in the market out there? We’re getting tons of varying market information ranging from multiple offers, bidding wars, hot market activity, and conversely, price reductions and no market activity. So I can totally imagine how this conflicting information would be confusing to the layperson who’s trying to make sense of the market.

So here’s my rundown.  The market is changing on a week-to-week basis. It’s very important to pay close attention and rely on a professional to navigate these waters for you. The feds are manipulating interest rates, not mortgage interest rates, but the federal interest rates have a lot of the people watching the news concerned about what’s going on out there. Now, while mortgage interest rates are volatile, we’re still creating wins every week for our buyers and sellers. How? you ask.  Well number one, our buyers are showing fortitude and sometimes patience as they navigate the market and trust us to use buying tools such as rate buy downs, closing cost credits, concessions, and other negotiations that we haven’t seen others using. And for our sellers, it gets even easier because we still have a low inventory market and so we’re focusing on the basics of listing real estate based on price, condition, and access. If you give us those three or as many of those three as you can, we’re going to create great results for you in the market.

So my lesson to you today is that sidelining can actually cost you money. How? Well, if we all waited for a “hot market” we would all be stymied and frustrated with tight market conditions once again. So if you’re taking yourself off the sidelines in an opportunistic market like today, you may be narrowing your chances of homeownership or making the move that you want in a market that can afford you to move up or down. Now I realize that many of you have low-interest rates locked in. Actually, 65% of homeowners in America are locked in under 3% so we realize the bottleneck that this creates. However, once we move through that and once the market starts easing up we’re all going to be able to move around a little bit better and take advantage of these conditions. So please don’t wait until the market is good because when it’s good for someone it’s usually not good for this other person. Your unique real estate goals and needs are specific to you, not the market. In general, I promise we have a solution just for you. It’s never too early just to call and talk shop. Thanks for reading or listening and I’ll see you on the next one.

2023 Portland Real Estate Market Outlook

Watch the video here or read the transcription below (with some edits for clarity)

 

Happy New Year everybody! I’m Eric Hagstette with Inhabit Real Estate and I am really glad to be taking on this subject with you. We have a lot to talk about, so let’s jump right in! 2022 is in the rearview mirror; for some, it was a good year and for others a tough one. For most real estate professionals, we are likely saying “see you later 2022”, and we’re really excited to have a new year in front of us.

With all that said, there’s still a ton of noise and mixed information floating around out there, so I would like to share with you my projections and outlook as I look into the new year. I don’t have a crystal ball, but after almost 20 years in the business, I’ve been in similar markets before and I want to share with you what I believe is going on.

Let’s start with what the experts are saying. We’ve been hearing for months that this high-interest rate environment is going to stymie the market until mid to late 2023. Then interest rates will begin to stabilize which will encourage more inventory in the market and more buyers’ confidence.

What is happening now, in all reality here in Portland, is inventory is dipping down. We are now below two months of housing inventory and even further down for detached single-family homes. Remember, lower inventory means higher demand. Also, we are really excited to see interest rates coming down. Now, we’ve all heard about improving inflationary numbers which is the reason for interest rates decreasing. Buyers are coming out of the holidays really hungry; the market is active and our brokers are out there showing property. So that’s the truth about what’s happening here in the Portland market.

My concern, outlook, or projection is that we’ll continue to see a reduction of housing inventory as the buyers get out and gobble it up and we might be entering another tight year of housing inventory and pricing on the rise. I know that sounds very different than what you were expecting to hear, but
Portland’s market is pointing in a direction that is similar to a cycle we’ve seen here in the past.

So, what is my advice with all this information? Number one, listen to your local real estate expert. Call your favorite Inhabit broker and have them give you the lowdown on your neighborhood and your specific real estate. Everybody’s goals and situations are different and very specific so get it locally and ignore the national news. Number two, Portland is so hyper-local. We have an urban growth boundary that has always limited our supply and we’ve always shown a significant amount of resilience in unusual market times. When they say “keep Portland weird,” it applies to real estate as well. Finally, transitioning or moderating markets are those that bring opportunity. That’s one of the silver linings to all this. There are great buys out there for our buyers. We are negotiating on price, credits, repairs, and even rate buy-down points for our buyers, and at the same time, we are making our sellers really happy with proper pricing, presentation and a marketing plan to position their sale for best results.

So, in the end, real estate is based on you (our clients). Your timeline, your goals and your specific situation. It’s not about market conditions, seasonality, or what some brokers say. So, ignore the noise and call us for advice. It’s never too early and you know we will be here for you. Thanks for listening (or reading). I look forward to bringing you a lot more information in the new year along with some of my broker colleagues. So, tune in, ask your questions and post your comments. Thanks for being here.

How We are Handling the Second Wave of COVID-19

November 16, 2020 Update

As we all know, COVID-19 is on the rise in Oregon and Governor Brown has instituted a statewide freeze.  At Inhabit, we are committed to keeping the health and safety of our clients and agents at the forefront of everything we do.  Strict office policies are in place to ensure a safe work environment.  We also updated all of our client engagement protocols so the health and safety of our clients come first.  Last March, we launched our Couch Concierge service that brings the entire home buying and selling process to our clients.  Everything from virtual open houses, live video showings with our agents, to virtual contracts and closings.

Here is a recap of how we continue to tailor and improve our services during COVID-19:

Our sellers shouldn’t worry about canceled open houses.  We will create a digital marketing campaign that brings your house to potential buyers all without risking anyone’s health or safety.  Our agents will tailor a showing plan that you feel the most comfortable with.

We have a lot of active buyers right now.  To short-list property options, we offer live video tours.  Your agent will walk you through the property showing you every nook and cranny with honest feedback on quality or construction issues they see– all from the safety of your home.   

In-person tours of your “must-see” homes are still an option in most cases when necessary, but with precautions we take very seriously.  Our agents are following the recommended 6 ft of social distancing, mask-wearing, and strict hand-washing and disinfecting policies.  We will not show homes to anyone that has cold or flu symptoms or has had any exposure to COVID-19 within 2 weeks of the showing.  As your agent, we promise you the same courtesy and will pair you with another Inhabit team member to safely show you the home if we are under the weather or are concerned about personal exposure.  Your agent will provide our COVID-19 Safe Showing Policies for your review prior to visiting any property in-person so you can make the best decision for your health and safety.

As a small business, we put the care of our clients and agents first.  We are all in this together. We promise to use integrity and knowledge as our guiding force.

Here’s to peace, health, and prosperity for all of us in the coming months.

Eric 

Meet Our Founder

Our fearless leader, Eric Hagstette, is this month’s cover feature in Portland Real Producers Magazine.  Click the magazine image below to see the full article and learn what motivates this great guy.

 

Here’s the transcript of the article:

Eric Hagstette’s social conscience is one of his strongest driving forces. Owner and principal broker of Inhabit Real Estate, Eric is this month’s Top Producer.

Starting his career in business to business sales for a Fortune 300 New York-based company, Eric transitioned into real estate in 2005. He looks back on his time in Corporate America with gratitude and appreciation for teaching him the fundamentals of sales, marketing, and most important, follow-up. “This is where I also learned that excuses are…just that,” Eric explains.

As a longtime Portlander, Eric is passionate about our city and how it is being affected by the pandemic, wildfires and smoke, protests, riots, and the current political divide. When asked how the wild ride of 2020 has affected his business, he told us, “Big question. The big picture crises we’re facing are much bigger than our work. They are more important than selling real estate, and we’re right in the heart of all of it. ‘Home’ has never been more important and we are in the business of ‘home.’ I feel torn between all of the hardships resulting from COVID-19 and the abundance that real estate is providing as a result of these unprecedented times. Transactionally speaking, we are in the right place at the right time… there is no shortage of business. Portland has certainly seen its day in the news through all of this and the long-term effect on our business is hard to predict. One of the silver linings of all of these things, from my observation, is a galvanization of the brokerage community. From COVID-19 to wildfires (and everything in between), I’ve seen brokers work together like never before. Kudos to all of you. Thank you.”

Real estate brings with it many rewards. For Eric, one of the biggest rewards comes in the form of the various relationships he has been able to foster over the years. “Hands down it’s all about the people. Not just my clients but my colleagues, my team, my mentors, my co-op agents, my vendors, our neighbors.”

Eric also finds fulfillment in owning and managing Inhabit Real Estate. “Operationally, managing a residential real estate brokerage while simultaneously running my personal sales business allows me to wear all the hats. From coaching my agents to prospecting for business, writing copy for ads, working on budgets and business plans, and everything in between. And who doesn’t love houses, photography, interior design, architecture, marketing, continuing education, networking, and all the fun stuff? Of course, our job also comes with all the tough stuff like unpredictable market conditions, challenging clients, paying taxes, delivering bad news, the emotional roller coaster of real estate, and the woes of being self-employed.

Luckily, my attention span helps me thrive in this multi-tasking, fast-paced, up-and-down market. I honestly love all of it.”

Finding passion in all of the possibilities that real estate affords, motivates Eric on a daily basis. “I have always been passionate about the unlimited possibilities that a real estate license affords us. With hard work and a simple plan, the sky’s the limit for REALTORS®. Playing such a pivotal role in times of transition for my clients is a huge responsibility. I have always held the importance of this piece with passion and drive. As a brokerage owner, I am passionate about teaching, training, and watching my brokers achieve their goals and dreams through real estate.”

Eric’s biggest reward in life is his family. Due to the pandemic, Eric has spent more time at home with his family than at any other time in his professional career and for him, this has been a huge blessing. “My family is the driving force behind my success. Not only do they motivate me every day but, as many of you know, to support the life of a REALTOR® requires a special family support unit. My family rides the roller coaster right by my side and they provide a safe haven to escape to. I’ve been married to my wife Kim for 21 years. I thank my lucky stars every day that our paths crossed. Not only is she my life partner, but she’s also my business partner and co-owner of Inhabit Real Estate, all the while holding down the fort at home and running her award-winning interior design business. We have two amazing teenagers who keep me in check and make sure I’m as ‘woke’ as possible for an almost-50-year- old dad. I learn a ton from my kids. I have so much hope for the younger generations who know more about equality, acceptance, and non-judgment. We can all take a note from the kids of today and appreciate their fire and passion, their resilience and brilliance, and their endurance through these unusual times. And, by way of osmosis and exposure (to me), my family knows more about oil tanks, sewer lines, multiple offers, and even the value of off-street parking.”

Along with the rewards of real estate comes the challenges. This year has been trying for everyone. The devastation from wildfires and the loss of life and business upheaval caused by the pandemic is horrific. We asked Eric what new challenges he has been facing and navigating since the pandemic hit and he told us, “Wildfires, extremely hazardous air quality, political unrest, social outcry and one of the most significant Presidential elections in history, all the while keeping pace with one of the busiest markets I have experienced in 15+ years of selling real estate. The erosion of affordable housing in Portland is accelerating at light speed and this is an indirect challenge that we cannot turn a blind eye to. The pandemic, wildfires, and the election will be in our rear-view mirror in the not-too-distant future, but not addressing the homeless crisis will likely have the greatest future impact on Portland livability and the bottom line of our business.”

Eric has a competitive side that he feeds with his love of cycling and bike racing. He has loved bikes since he was a child and has been racing for the past 10 years. “I’m a die-hard cyclist and bike racer. I love carbon, clicky pedals, training, going fast, and Lycra (yep, I said it…I love Lycra). Cycling keeps my body fit and my mind sane. It feeds my competitive spirit and, unintentionally, is a huge part of my networking sphere. My relationship with my teammates and fellow cycling friends is based on trust and trust is the foundation of our profession so these things go hand in hand.”

The Hagstette family are water enthusiasts. If there is water, you will find them nearby or right in it! “My family loves the water. We have a floating home and spend the summer paddleboarding, kayaking, floating, boating, swimming, and fishing.”

As you would expect, with his strong social conscience Eric does not just think about the changes that need to take place. He helps facilitate the change. Annually, Inhabit Real Estate picks a charitable cause that focuses on alleviating homelessness, “We have thrown hammers for Habitat for Humanity, organized holiday toy drives, and collected much-needed essentials for homeless children and families. As a family, our focus is on Transition Projects. Every month for the last few years, we have prepared and served dinner and lunches at multiple locations that are focused on men, women, and families transitioning out of homelessness.” Eric also aids the community by coaching youth swimming and sponsoring free junior bike racing at The Portland Trophy Cup Cyclocross series.

In closing, we asked Eric if he would like to communicate anything additional to the readers of Portland Real Producers magazine. Without hesitation, he responded, “As a longtime Portlander, I’ve always held a special place in my heart for this amazing city. I am sure I am not alone when I say that Portland is at a very important crossroads. ‘Home’ is our business and we’re paid to sell the ‘Portland experience.’ ‘Home’ doesn’t just apply to our qualified buyers and sellers. It applies to all people occupying the space called Portland including those with the means to buy or rent real estate and those that are sleeping outside under tarps. We must realize that even though we only serve a portion of Portland residents, they all make up the community, whether they have a house or not. It is our duty as ‘real producers’ and leaders in our industry to help Portland through these growing pains. While the country seems to grow in divide, it is very important for us to come together to put Portland back on track to be the darling of the Northwest. As we buzz through town enjoying the fruits of this market, I encourage you to think more critically about the ‘in your face’ issues that are easy to turn a blind eye to: mental illness, drug addiction, systemic racism, climate change, and environmental destruction and affordable housing. Raise your voice and vote. We must demand more from our local leadership and lean hard on them to properly address these big issues which not only affect our profession but our lives as well.

 

 

Listing Your Home From Afar: The Beauty of the Internet and a Hard Working Agent!

Have you pondered selling your investment property but are not sure how to make it happen since you live outside of Portland, and do not plan to travel during the pandemic? My client was in this exact situation. Having recently finished school, and returning to her home out of state during the “stay home” order, she thought that it might be time to sell her Portland condo of 5 years. 

Living Room (Before)

Over our initial phone call, we discussed the processes of Facetime, Docusign, and the importance of very regular phone calls to make sure we were on the same page and schedule. I agreed that I would make myself available to assist in organizing the cleaning and repairs necessary for tidying up and listing, since it would not be possible for her to be here for the majority of the transaction. My client called in the house and carpet cleaners, and I met them to give them access and check them out. We also decided that the interior would look much better with a fresh coat of paint. This turned out to be the biggest expense and the piece of the equation that took the most time, so if you are planning to sell, please factor this into your schedule and budget if necessary. The results were tangible and attractive!

Bedroom (Before)

You may be wondering about staging also. The entry price for a simple staging of a smaller space starts at around $1500. Since my client was not working, and was gearing up to pay back student loans starting in September, I wanted to help ease the burden of any extra expense. This way, if any repairs were to arise during inspection, she would still have room to breathe. It just so happened that a friend had some extra furniture right next door, and some lovely folks volunteered their time to help stage one bedroom and a living room. This will not be an option for most people. However, we often find that good things happen once we make a decision and have faith that we will make it to the finish line.

Bedroom (After)

Due to our excellent two-way communication, and my organization of the parties involved, the condo was actually cleaned, painted, staged, and photographed in a week. Yes, there were some very long, eventful days. The end result was a home that received 4 offers in less than a week, 3 above listing price! The final logistics included my client and her co-seller needing separate appointments to sign the closing paperwork, as my client was busy taking her boards, and not in her hometown. No worries here. A few days of pre-planning were necessary. The title company worked with my folks to arrange separate signing appointments, when and where convenient for them at the time. 

If you have special circumstances that surround a purchase or sale, we can brainstorm together. With a little bit of technology and strategy, we can work together to free you from something you no longer need, or get you into your dream home.

Ways to Support Our Black Community

Silence is Violence. That statement on a protester’s sign really hit home. By sitting on the sidelines and not voicing our collective outrage, we are perpetuating racism. Our greatest tool is our voices — not quietly commiserating, while keeping our mouths shut. We have the power to vote for the right leaders, raise children that celebrate differences, hire the right people and support our community’s Black and minority run businesses (to name just a few). 

I have compiled some of the many resources shared with me. Here are a few of the things we can do right now in our fight for social justice-

  1. Educate yourself on what challenges our Black family members face on a daily basis.  Here are a few resources worth exploring:
  1. Sign a Petition (DontShootPDX.org has also put together a list of other petitions and useful resources):

The Color of Change petition that asks Minneapolis Mayor Jacob Frey to block the involved police officers in the George Floyd case from receiving their pensions and from becoming police officers again.  You can also text “Floyd” to the number 55156.

  1. Donate to organizations like your local Black Lives Matter chapter. Other great organizations are:
  1. Support Black and minority run local businesses:

https://mercatuspdx.com/

https://blackpdx.com/

https://iloveblackfood.com/

 

Race and racism is a reality that so many of us grow up learning to just deal with. But if we ever hope to move past it, it can’t just be on people of color to deal with it. It’s up to all of us — Black, white, everyone — no matter how well-meaning we think we might be, to do the honest, uncomfortable work of rooting it out.

Michelle Obama

 

 

Something to Look Forward to this Summer in PDX

This is a blog post I have looked forward to writing!  It’s all about simple pleasures these days.  Sauvie Island, for most Portlanders, evokes a special feeling.  It’s a short 10 miles from downtown, but crossing the Sauvie Island bridge and seeing sprawling farmland crowned by the four cascade mountain view (yes, on clear days you can see the top of Mt. Rainier too)–makes you exhale immediately.  For some it’s biking, beach combing, fishing, kayaking or hiking, but the collective draw is the farms.  Picking berries, stone fruit and flowers, hayrides, summer concerts, sipping wine and beer while dining on food cart delicacies and leaving with food grown by hardworking local farmers.  Summer isn’t complete in Portland without a day on Sauvie Island.

This year I had the ultimate pleasure of helping very dear friends of mine realize their dream of owning a farm on Sauvie Island. It was a complicated and emotional transaction for all, but the end result was relieved and happy clients!  Kruger’s Farm is now owned by an amazing local Sauvie Island family and has been renamed Topaz Farm.  Kat and Jim are two of the smartest, hardworking people I know and their vision for the farm is going to blow your mind.  Think farm-to-plate brunches and dinners, sipping wine, beer, local coffee or strawberry rhubarb lemonade while shopping in the farm store that features their own produce, as well as other Sauvie Island and local products.  They have in-house chefs that create pasta, kale chips, pastries, pies, sandwiches, otter pops, etc., for the farm store using their produce.  They use organic farming practices and plan to be an educational farm.  They’ve partnered with the Sauvie Island Center to create camp and field trip opportunities for our schools.  They are creating a bee wheel garden (the first of its kind on the west coast) and have all kinds of plans for future enrichment programs.  They’ve accomplished all this just since they purchased the farm in January.  Can you imagine what the future holds?!!

Of course COVID-19 has changed a few things, but visiting a farm and getting outside isn’t one of them.  Don’t we all need a change of scenery!  There are some things that are on hold right now and Topaz Farm is following a very strict COVID-19 policy to keep their customers and employees safe.  Follow them on Instagram or Facebook to stay up-to-date on berry picking calendars, farm-to-plate dinners and possibly a creative summer concert series.

When you visit Topaz Farm you will likely meet the whole family.  Their daughters Maggie and Odessa work right alongside of their parents.  Kat’s brother, Peter is working tirelessly to build all sorts of new farm features (clever mobile farm store displays, new pens for the animals, etc).  I know they will be pleased to make your acquaintance (tell ‘em we sent ya!)

My wife and I had the pleasure of visiting the farm on opening day, May 27th.  Enjoy some of the photos from our visit.

       

 

Adventures in DIY Gardening

Every spring, most of us find ourselves taking on projects as we come out of hibernation. This spring, while a bit different, is allowing us more time at home to clean our closets, organize, train for a marathon, or…go a bit crazy in the yard. Let me take a moment to say that Portland has some of the finest gardens in the world. One of my friends from Seattle even called our city’s favorite pastime “competitive gardening”. Personally, I have a list of outside projects to keep the family busy for a long time. In order to re-motivate myself and hopefully inspire others, I am going to share my backyard story from last spring. Keep in mind that each paragraph below is a weekend or 2 of actual labor with 2-4 workers.

On a fine April morning in 2019, I decided to take my coffee outside and hang out in the backyard. To my horror, the months of showers brought a jungle of waist high weeds, growing out of what I had thought to be a mulchy, forest floor under a Doug Fir. One of the reasons my significant other and I had purchased the house was to have awesome outdoor space, and we knew it was going to take some time and effort. Here was our first big project! My sweetie took a quick look at the mess and decided to fast track the project (he’s a bit meticulous and likes to keep very busy). We had been discussing a Japanese garden for months, so he sketched out a design on our son’s graph paper, and I called my parents to let them know we could use their help (they are the true green thumbs. I am a rookie).

Our first stop was The Home Depot, to find something to outline our path through the garden and keep the rocks we would be bringing in out of the mulch. We chose black plastic edging, about 4.5 inches in height. A 60-foot roll of this is about $30, and we would need 3-4 of them. There were other attractive options, but this was the right price. Digging mini trenches for the edging was a bit of a workout. We found that dragging a hammer in the dirt helped “bulldoze” a bit of a path in which we could then partially bury the edging. We also grabbed a few rolls of weed barrier fabric to lay down on the path where the gravel would eventually be. This was a very good move. I cannot imagine how much more we would have to weed if we had not done so.

Now it was time for some of the planting fun! We chose a few beauties to be focal points in the garden, including a Japanese maple, weeping blue cedar, bonsai and a pink hydrangea and rhododendron. Additionally, we planted a handful of ferns and grasses in groups of 3. We are fans of not over planting and giving everything room to grow. These were purchased from multiple Eastside businesses including Portland Nursery, and Tony’s Garden Center. After a bit of deliberation on where to place the plants, the digging commenced.

With the plants in place, it was time to purchase mulch and rock. Lucky for us, fabulous Mount Scott Fuel is right up the street. If you have access to a pick-up truck you can avoid paying for delivery.  They will load the product right into the bed of your truck, saving you quite a bit of money. We did this and found it easy to shovel out of our truck directly into the wheelbarrow that we borrowed from our awesome neighbor. Ultimately, we bought 3 yards of mulch, and had to make multiple trips to do so. (Caution-Do not overload your vehicle. Check weight limits)! Prices range from $32-45/yard if you pick up, and $100-130 if delivered. The following weekend was a similar routine, this time to purchase 2 yards of river rock. There are many different types of rock here, and you can check out samples in the office, and go into their yard to look at the big piles and get a different perspective. We opted for what I would call medium sized for ¼-¾ inch river rock to minimize gravel being tracked into the house. Our choice was very reasonably priced at $40/yard. Delivery would have been $115 for one yard, with discounts for 2 plus yards. Hauling the rock to the backyard was a bit more strenuous than moving the mulch, so it was helpful to have our strong 14-year old son around.

One of our final tasks on the project was to produce our own concrete circles in the path. My partner had a bit of experience working with concrete from his previous house, and he was excited to put his cement mixer to use again. To create the large circles, he constructed molds out of fiberboard and we placed them in the empty path. Then the concrete was mixed and poured in multiple batches. We made the small circles off to the side and simply placed them in the path after they were dry, and then finished filling in the river rock.

We spent a lot of time outside last year, and with spring’s arrival we are planning this year’s project: raised beds and vegetables, perfect for homeschooling and saving money on groceries!

For a video tour of the garden, click here!

COVID-19 Update from Inhabit’s Owner

March 31, 2020

The coronavirus is impacting everyone and every business in some way and the real estate industry is no exception.  In many ways we are lucky because our shift to doing things virtually isn’t as big a leap as some businesses are facing.  As a matter of fact, for many years we’ve been able to handle most of the home buying and selling transactions electronically.  During the COVID-19 pandemic, Inhabit is committed to keeping the health and safety of our clients and agents at the forefront of everything we do.  Even before Governor Brown initiated Oregon’s shelter-in-place order, Inhabit launched our Couch Concierge service that brings the entire home buying and selling process to our clients.  Everything from virtual open houses, live video showings with our agents, to virtual contracts and closings.

Our listing clients shouldn’t worry about canceled open houses.  We will create a digital marketing campaign that brings your house to potential buyers all without risking anyone’s health or safety.  Our agents will tailor a showing plan that you feel the most comfortable with.

For our buyers, we are hosting live video tours.  Our agents will walk you through the property showing you every nook and cranny with honest feedback on quality or construction issues they see.  

In-person tours are still an option in many cases when necessary, but with precautions we take very seriously.  We recommend live video tours for anyone that has cold or flu symptoms or concerned about a possible COVID-19 exposure.  This goes for clients, as well as, agents.  Our agents are following the recommended 6 ft of social distancing and strict hand-washing and disinfecting policies.  Our agents provide our COVID-19 Safe Showing policies to clients for review prior to visiting any property in-person so you can make the best decision for your health and safety.

We are a small business that puts the care of our clients and agents first.  I started this company six years ago because I knew there was a better, more innovative way to serve clients.  This is an industry that one-size definitely does not fit all.  Inhabit has always been forward-looking and our size allows us to be nimble in creating services that address changing needs and goals.  We are here to give you the best real estate advice possible, now and into the future.

Yours in health and prosperity!

Eric

How Your Home Can Provide Stability

For those of us invested in the stock market, we’ve all been wondering if the historic run of this bull market was ever going to end.  No one, however, could have predicted the coronavirus or imagine its global impact. The next few months are still unwritten and as we brace ourselves for how far reaching the effects will be.  It’s unsettling for everyone. The stock market volatility is reminiscent of 2008, but the cause is totally different, and it will have different effects. A recent New York Times article titled Buying a Home During a Pandemic reflected on the 2008 market by saying, “Many real estate shoppers were trying to weigh multiple moving pieces back in late 2008. That crisis was different — the S&P 500 would ultimately lose half its value from its peak, and home prices cratered, too. That’s not the case this time (so far, at least). And what has happened since 2008 should provide us some comfort right now.”

The article also reflects on the stability of the housing market versus the instability of the rental market.  There is some piece of mind knowing that you can capitalize on historically low interest rates to lock in a monthly payment that won’t change.  This is making home ownership much more attractive than renting in many cases.  

The news around COVID-19 feels surreal right now with everything seemingly in a holding pattern, but the root cause of what’s driving Portland’s housing demand will not be affected in the long run.  Portland is one of the strongest real estate markets in the country. It’s during times of crisis that people take the time to reflect on what’s really important. The certainty of having a safe place to call home tops most lists.  Also, the push to create a stay-at-home economy makes where you live more important than ever. Companies may realize that having their employees work from home has some financial benefits. This could very well make a shift to more people getting to decide where they want to live.  Lifestyle is a major driver to Portland’s growth. Are we now poised more than ever to see accelerated growth? I don’t have a crystal ball, but I would be willing to make a bet that the net effect of what’s happening right now will make people pause and consider what’s really important in life.

We have a unique situation with interest rates at historic lows and Portland housing demand still high.  With all the stock market volatility, finding some stability with a large asset like homeownership should be a consideration.  Whatever is important to you, there are options. You can refinance to lock in a lower monthly payment. You can upgrade your home and with the low interest rates end up paying close to what you are now.  You can downsize to streamline your finances and put money away to safeguard yourself against any future volatility. If you are a renter, you can give yourself more certainty by purchasing a home, locking in a monthly payment and having piece of mind that your dollars are going towards an investment for your future.

Whatever is important to you, please know that my team at Inhabit Real Estate is here to help you navigate your decision-making process.  We pride ourselves on being advisors, not salespeople. Let us help you find a strategy that works in your best interest. We are all in this together!

2020 PDX Real Estate Outlook from Inhabit’s Owner Eric Hagstette

Settle in as Eric Pulls Back the Curtain on 2020 Portland Real Estate

And just like that, it’s February 2020. If someone asked you when you were a kid what you thought 2020 would look like, did you picture this? I visualized space travel, robots, flying cars, lasers and futuristic stuff…not this everyday adulty life gig.

So where the heck did January go? To be honest, the reason my annual market outlook is so delayed is because this January was super busy for the Portland market. Now that I think about it, we were even selling houses right through the holidays as well. Portland may be experiencing growing pains, but the real estate market is alive and flourishing.

Last Year’s Prediction: Nailed it! 

A year ago, I was calling for our buyers and investor clients to get into the market. It was a year of opportunity for our buyer clients after many years of seller-favored, tight inventory conditions. For the first time in a long while, buyers enjoyed shopping the market without urgency & pressure, having more than one house to choose from, price drops, seller incentives, and contingent offers. How sweet it was! Instead of calling it a buyer’s market or a seller’s market, we called it a “broker’s market” as we could make both sides happy by creating win/win transactions for our clients. We could place our buyers in homes without real estate “whiplash” and our sellers were walking away from the closing table with a smile on their face excited to move on in the market. It was a unique time. Everyone was pretty happy. I hope that you or someone you know took advantage of it. 

2020 Current Conditions

The Portland market has always been nimble and this year is no exception. It changed quickly! Midway through  Q4 of 2019, Portland inventory started to dwindle down. Furthermore, most sellers don’t list during the winter and holiday months, so market inventory continued to fall. Despite the BRUTAL Portland weather this winter, the buyers came out of the holidays with a big appetite and gobbled up what was left on the market. The close in Portland neighborhoods currently sit at 1.3 months of housing inventory (in the 450k-700k range).  So the 2020 cycle begins with a fiery combination of low housing inventory, great interest rates, a seemingly healthy economy (with many new jobs coming to Portland) and a rapid erosion of affordability (this pushes buyers further from town to seek more affordable options). The market is behaving accordingly in response to high demand. Demand is being driven to Portland by a combination of reasons: jobs/economy, lifestyle, climate & natural resources, and an affordable option for many West Coast transplants. 

2020 Outlook

Welp….it’s an election year which has a tendency to slow the market. Buyers and sellers that aren’t being pushed into the market tend to sit tight through election times out of fear of the unknown. However, the upcoming election doesn’t seem to be having an impact on the market…yet.  Portland shows resilience when other markets slow. When things have slowed for us in the past, we bounce back quickly (including the recession). Thanks to our urban growth boundary and natural geographic barriers, we don’t have sprawl which has been a saving grace for our unique market. Portland offers jobs plus lifestyle and attracts a wide demographic spectrum of folks looking to call Portland home.  Pair this with a mild climate and abundant natural resources and you have a winner. Therefore, I predict 2020 will continue its low-inventory trend which favor sellers, drives prices and frustrates buyers. We have to be careful with the “drives prices” part though.  Affordability is a major concern. The chasm between the cost of Portland real estate and our median household income seems to be growing. Jobs are coming but wages haven’t caught up and the cost of living keeps climbing. This pushes buyers to outlier markets (Vancouver, Milwaukie, Beaverton, Oregon City, etc). For the urbanites that don’t want to pay for the high priced houses but want to stay in town, they’ll drive demand in the ‘attached’ market (townhouses/condos) which had a slow 2019. This will stabilize pricing in the attached market. Properly priced, well-presented, detached houses from the $200k to $1m range will continue to fly off the shelf. The $1m-$1.5m market is a ‘move up’ market for many wanting to upgrade from their existing home .  This market presents opportunities for buyers to make a great purchase; however, tapping their “trapped equity” from their existing home in order to make this purchase can present challenges (certainly not insurmountable but can be daunting to the client). In surprising fashion, Portland’s upper end market ($1.5m +) is moving at a pace you may find interesting (fast). Of course, these properties need to deliver the full package to fetch the price, but this market segment seems very confident in Portland as a place to make these big purchases. I find these big numbers surprising as I clearly remember how freaked out I was when I bought my first house in Mt. Tabor for $185k. However, like many other places, we are bursting at the seams. The numbers for incoming population growth are staggering which in real estate economics translates to demand. Portland is in high demand which has all but diminished the lower end of the market and made it feel normal to buy and sell very expensive real estate. 

Natural disaster or other non-natural market forces aside, Portland real estate has a very promising future and has always been well-insulated. With all this said, if our local government doesn’t figure out a way to better manage our addiction/mental health/homelessness crisis, Portland may lose its reputation as the “darling” of the Pacific Northwest and no matter how great this city is, many people will choose different markets to call home. Rainy weather is tolerable but corruption and greed are inexcusable especially with what it costs to live here. 

2020 Buzz Words & New Concepts 

iBuyer: Also known as institutional buyers or residential REIT (real estate investment trust): Have you heard the OpenDoor commercials on the radio? iBuyer or ‘instant offer’ is easily the biggest new disruptor in real estate and Inhabit is all over it. iBuyers have come into the market backed by billions of venture capital funds and are buying up real estate that fits in their “buy box”. Homeowners that qualify for an instant offer (and choose to take it), are typically taking a discounted price for the convenience and avoiding the traditional selling route.  As a student of change, I became very intrigued with iBuyer and became certified as an iRep Professional. Our philosophy with iBuyer is “pro-consumer choice”…what works best for our clients. iBuyers are real in today’s market and we want to share all of the options with our clients so they get the most out of their real estate assets. It works for some clients and we can show you how. 

Trapped equity: Many homeowners who have owned their real estate for 5 + years are sitting on a decent amount of equity that is trapped in their real estate. In a tight market, trapped equity can add challenges to a buyer that wants to move up or move down within the market. We’ve found that many people will simply opt out of moving around in the market simply because of the perceived risks and challenges with using the equity in your home to help achieve the daunting buy/sell or sell/buy. There are more layers, but we manage these all the time. In the end, our clients say that it’s worth the effort. 

Concierge real estate services: It is more important than ever for real estate professionals to be a trusted advisor not only throughout the sale, but on an ongoing basis after the sale. Realtors are on the front line of clients’ needs as a sale closes. Concierge real estate service continues after closing where Realtors continue to provide useful resources, information and advice on an ongoing basis. In today’s demanding and competitive market, we are reinforcing our value by continuing to support our clients on all things real estate. 

Final Words

Even though we’re not living in the Jetson-like society that I envisioned as a kid, 2020 is chock full of new and exciting stuff: self-parking, electric cars, virtual reality, and an impressive (and concerning) amount of technology & connectivity. At the push of a button, you can have almost anything you want delivered to your doorstep within hours.  Heck, you can push a button and order up a random Realtor to open up a house for you (but how dare you do that!). Real estate is no exception to the expectation of today’s “now society”. As professionals, our response time must be faster, our knowledge deeper and our ability to navigate this market must be sharp and focused. One thing that technology can’t change, is the human factor that is necessary to create happy buyers and happy sellers in real estate transactions. This is our wheelhouse. We embrace today’s disruptions & technology and use them as tools to enhance our clients’ position and experience; however, we feel more strongly than ever that real estate is a people business and we are here to stay. 

Thank you for your continued support and trust. Here’s to a prosperous 2020!

Eric

Portland Neighborhoods: Peacock Lane

One of the things I loved most about Portland when I first came here in 2006 was that there were no crowds. I mean anywhere. 

You could park right in front of a movie theater five minutes before the show started and by the way, you didn’t have to feed a meter or anything. 

So I moved here. Along with, like, 47,000 other people. 

And like most of them –– and all of the people who were here before I got here –– I like to complain about how crowded it’s become. 

Which it has, but let’s be honest, it’s still nothing like LA or New York. With a few notable exceptions, one of them being Peacock Lane the week before Christmas.

So Portland.

Peacock Lane is Southeast 40th Avenue between Belmont and Stark, which makes it about four blocks long, but since there are no cross streets on SE 40th between Belmont and Stark, it’s really just a lonnnnnnnnng block. 

48 weeks out of the year, there’s nothing particularly remarkable about Peacock Lane. It’s just another street with really pretty houses, walking distance to Belmont, Hawthorne, Laurelhurst Park, Mt. Tabor, and Division. 

This house is a block away. It’s like, “Why do I even try?”

What makes this block special is that the houses on that block go all out with their Christmas decorations. And I mean all out. It’s a tradition that started back to the 1920s and there are a couple of things that make it so very Portland. 

In real estate, we deal with Covenants, which are things you’re required to do if you buy a place. And you would think, especially since Peacock Lane is on the US National Register of Historic Places, that there’d be a covenant that makes you decorate your house for Christmas if you live there. But no. People move there because they want to decorate. Nobody tells you that you have to.

Another thing that makes it totally Portland is that a lot of times, when someone buys a home there, the people selling the home will pass their decorations along to the new buyers. But like I said, one of the things that makes it so very not like Portland is holy crap, it’s crowded! At least for the second half of December. The cops block off the street to car traffic now, which I guess makes it even more Portland. If you live on Peacock Lane and you have an emergency at 5:30 on a December evening –– like you’ve run out of kombucha or something –– you’re sure as heck not getting in your car to get more. I mean, not like you have to. There’s a Walgreen’s right down at the end of the block where, yes, last time I checked they sell kombucha. There’s also a weed dispensary around the corner which used to be this place called Immortal Piano –– broke my heart when it closed because, with a name like Immortal Piano…

No longer Immortal …

If it’s a cocktail emergency, you’re staggering distance from several good spots, including the Aalto Lounge, where their happy hour is the stuff of legend. From 5:00 to 7:00 you can get a grilled cheese sandwich and a cup of tomato soup for $3! On the way there, you’ll pass a Stumptown Coffee and a Tao of Tea, so pretty much, it’s a neighborhood with everything. 

Best of all is Movie Madness, the neighborhood video store. And yes, there’s still a neighborhood with a neighborhood video store, but calling Movie Madness a video store is like calling the Louvre a building with some nice paintings inside. 

Movie Madness has a more extensive collection of arcane cinema than any of the places I used to frequent when I was working as a director in New York or LA. They break things down not just by genre and director, but also country and style. You want to binge French caper films from the 1970s? They can totally hook you up. 

So I know what you’re thinking. You’re thinking, “Well, Brian, that’s all super interesting. Do houses on Peacock Lane cost more than equivalent houses a block or so away?”

Great question. 

It’s a tough comparison to make because in the past three years, only four houses on Peacock Lane were sold. Those sales took six times as long to close, but the houses went for about 15% more per square foot than houses in the immediately surrounding area. 

What that says to me is that Peacock Lane is a neighborhood for a special kind of person. But that person is willing to pay more in order to get to live there. 

Got any other real estate (or film) questions? I’m at 310-854-2458.

 

Portland Neighborhoods: Foster/Powell

See? People are happy here.

You know me. I love pizza. So it should come as no surprise that I love Foster-Powell.

I mean, just look at it on a map. It looks like a slice of pizza!

Yeah. I know. Tenuous. But check this out! Two of the finest pizzerias in all of Portland are in the neighborhood –Char and Pizzeria Otto (which just opened its second location at SE 72nd and Foster). Char is awesome not just because the pizza is amazeballs, but also because the people are super nice and they name the pizzas on the menu after their cats. How Portland is that? And Otto is awesome because the pizzas are wood-fired deliciousness! It’s going to be fun to see these two duke it out.

(I should probably also mention Assembly Brewing, where they make a damn fine pizza in the Detroit style. The only reason I didn’t put it up there with those other two is because honestly, I’ve only had Detroit style pizza at Assembly Brewing and who knows? Maybe you people who actually know what a Detroit pizza is supposed to taste like would consider it an abomination.)

Two — maybe three —awesome pizzerias would make a neighborhood special in just about any other city that’s not in Italy. Let’s be honest, in Portland, it’s barely notable. Portland has more amazing pizza places than anywhere I’ve ever been.

So let’s forget about pizza. Let’s talk about what makes FoPo special.

Hey look! An old car!

FoPo is unusual in a Portland neighborhood way in that there’s no central village. It’s bordered on the south by SE Foster and on the north by sE Powell. You’re super smart so you probably already figured out that that’s how it got its name. The border on the east is SE 82nd, or as I like to think of it, The Crust, because let’s be honest, that’s kind what it is.

They keep trying to turn SE 82nd into something it isn’t, meaning to draw your attention away from the auto parts stores and motels and to get you to notice the …um …what? Carpet stores and fast food chains?

The most recent effort was to rebrand SE 82nd as The Jade District, which sort of makes sense. There’s a disproportionate number of Asian businesses on 82nd, places where you can get fantastic dim sum, pho, bahn mi, even groceries they don’t carry at Freddy’s or Safeway. In amongst them you’ll find a fish market, hispanic restaurants, fast food places, and other stuff. But it’s a busy street — a highway, even — so it gets no charm points like Woodstock or Gladstone.

Foster and Powell are slightly less busy than 82nd, but they’re still busy thoroughfares, which make FoPo kind of an island in a swirling sea of commuters. And appropriate to its island-in-the-swirling-sea metaphor, it just might be the best place in Portland to buy fish and seafood. You can get better live lobster cheaper at the no-frills Asian seafood places on Powell than at the fancy-schmancy grocery stores. And unlike the fish markets where they splay dead fish on ice, how awesome is it to make eye contact with your dinner as it swims around in its tank?

On the other hand, at the very tip of the pizza slice, where Foster and Powell intersect, is a Burger King. That feels meaningful, somehow.

There’s a strip of Foster that’s starting to develop a cool vibe, between SE 60th and SE 72nd. You’ve got a tango hall (not making this up — this is Portland) the requisite tattoo parlor, a vegan burger place, a neighborhood grocery, a bagel place where they actually boil their bagels the old fashioned way, and some neat bars.

That having been said, there’s an “elegant” furniture store that I swear, I’ve driven by at least once a day for years and I’ve never seen a single person come in our out, plus no shortage of strip clubs, plumbing supply stores, pot dispensaries, places to buy granite countertops, and body shops. You can even buy gravel and mulch by the truckload and satisfy all your taxidermy needs almost right across the street from a gun shop.

So %$#*! Portland, right?

The neighborhood is unusual in another way. It’s mostly houses. You’d be hard pressed to find a fancy-schmancy condo development in Foster Powell and that gives the neighborhood (or let the neighborhood retain a cozy, family-oriented vibe.

You could probably get $1,200 a month for that tree house.

Of course, there are families and there are families. The houses in that pizza slice-shaped triangle are kind of cottage-y. They were built for the most part in the 1920’s. 1930’s, and 1940’s as housing for lower middle class workers. Compared to the classic Portland four-squares that dominate (or used to dominate), say, Clinton and Division, here you’ll find houses that are smaller and less photogenic.

Totally Mary Ann.

I happen to think that’s a good thing. Sticking with that island thing I set up way back in the 10th paragraph, the houses here are like Mary Ann to Gilligan’s Ginger, if you’re old enough to get that reference. They’re pretty, approachable, sensible homes and as a result, the families that make up the population have a tendency to feel kind of the same. Well, I don’t know about pretty. But definitely approachable and sensible. In a city famous for not showing off, foster Powell makes other neighborhoods look like they’re elbowing each other out to hop the spotlight.

What’s ironic is that FoPo has become kind of a darling of Portland real estate. The recently discovered undiscovered gem, so home prices there have gone up a lot and people are moving in because it’s the place to be a little more than because it’s the place they want to be. According to The Portland Business Journal, the median home price is not $399,000 and what’s even more impressive, the average home sold in the past year was on the market for 12 days.

As I mentioned in another post, in Portland we have 20 blocks to a mile so even if you’re out by 82nd, you’re within biking distance of downtown. And it’s a nice ride, too, through Clinton, Ladd’s Addition, and over the Hawthorne bride. You can’t even get lost. Just follow the thousands of other bike commuters making the same trip. It’s a good ride back home. Short enough to do it every day. Strenuous enough that you can justify …you know where I’m going with this …

Pizza.

 

Is There a Season to be Grateful?

This is the time of year that many of us slow down, spend more time with family and friends, reflect on our year and start setting our intentions for the New Year. The holiday season, for many, prompts a feeling of gratitude. Maybe it’s because we slow down, take time off, reflect on the year as it winds down and what it has meant. But, did you know that the act of feeling and expressing gratitude has extreme benefits for our physical health, psychological well-being and relationships with others? Scientific studies have been going on for decades trying to understand the full benefits of simply expressing gratitude. Robert Emmons Ph.D. is a leading scientific expert on gratitude. Here are just a few of his findings:

Physical
• Stronger immune systems
• Less bothered by aches and pains
• Lower blood pressure
• Exercise more and take better care of their health
• Sleep longer and feel more refreshed upon waking

Psychological
• Higher levels of positive emotions
• More alert, alive, and awake
• More joy and pleasure
• More optimism and happiness

Social
• More helpful, generous, and compassionate
• More forgiving
• More outgoing
• Feel less lonely and isolated.

Dr. Emmons explains that gratitude has two components. First, it helps us affirm goodness in this world and recognize the gifts and benefits we’ve received. Even though life isn’t perfect, gratitude helps us identify some amount of goodness in our lives. The second part of gratitude is realizing the source is outside of us. True gratitude goes against a self-serving bias. When we are grateful, we understand that it’s other people that help us achieve the goodness in our lives.

Research has shown that gratitude helps us celebrate the present and participate more in life. It helps block negative and toxic emotions like envy, resentment and regret that can destroy happiness. Grateful people are more stress resistant and have a higher sense of self-worth.

So how do we get away from the “season” of gratitude and truly live it year-round? If you want to move past just feeling occasionally grateful to becoming a more grateful person, here are some daily practices you can incorporate:

  • Keep a gratitude journal. This can be as simple as listing 3 things you are grateful for every day, or you can use something more formal like The Five-Minute Journal that has morning question prompts and evening reflection questions. It was given to me as a gift at a very pivotal time in my life and it has been invaluable to me ever since.
  • If you don’t want to write things down, pick a time (first thing in the morning or at bedtime) to simply count your blessings. If you eat dinner with your partner, children, friend, etc. get in the habit of going around the table and each listing something you are grateful for today. It was our tradition at Thanksgiving, but now we do it all the time. It’s really fun to hear the simplest things that people are grateful for.
  • If you have children and want to help instill the importance of gratitude, you can do a variety of things. Volunteer as a family at a non-profit that makes you feel good. We serve dinner together as a family every month at one of the Transition Projects shelters dedicated to helping people transition off the streets. You can also start a gratitude jar at home that you put your spare change into every day. The idea is that the act prompts you to talk about what you are grateful for. When the jar is full you can donate it to a needy person or cause.

Personally, I have so much to be grateful for:   a warm home, supportive and loving family, a reliable car, access to good food and healthcare, a thriving business, friends, clients and colleagues that infuse so much joy in my life… the list goes on and on. As we enter this season of Thanksgiving, let it be a great time to remind us the importance of practicing gratitude daily.

Happy Times / Sad Times

Let me start by saying we’re not curing cancer here. I know that. What we do is help people do something they’re going to do anyway.

That having been said, it’s tremendously rewarding (and I don’t mean financially) to help people navigate a confusing, stressful process. What’s interesting is that the times that people rely on me are generally either extremely happy or extremely sad.

The happy ones are fun. A couple is getting married and wants to settle into their first home. A professional just got a job opportunity that requires her to move to Portland. Parents decide to give their kids four acres of backyard wilderness to play in.

But it’s the sad ones that make you feel the best about what you do.

Last year I sold a house for a neighbor and friend who was (and is) experiencing early onset dementia. Another listing I had was for the family of another neighbor who had passed away. A third was for a friend of a friend who, already confined to a wheelchair, had been diagnosed with terminal cancer.

Trying times. The pain that comes with these transitions is only amplified by fickle buyers, home values that don’t jibe with the optimistic projections of Zillow and Redfin, repairs that need to be made, and the myriad documents that need to be understood and signed.

It’s not enough to protect my clients. I need to make sure my clients feel protected.

I used to work for multinational corporations, creating marketing and advertising on a global scale. I did some really good work. I solved complex problems in (if I say so myself) some extraordinary ways.

After one particularly difficult project that resulted in a huge victory for a global financial services company, I had a realization: Corporations can’t be happy. They can only be profitable.

People, though. People can be happy.

That’s what got me into real estate. I like making people happy.

My client in the wheelchair repeatedly called me a lifesaver. I wasn’t. She passed away anyway, much too early. And my friend and neighbor with dementia, when I call her now to check in, often can’t remember who I am.

I’m at peace with that. Like I said, what we do is help people do something they’re going to do anyway. And that other thing they’re going to do anyway? Well, it’s a lot bigger than just buying or selling a house.

 

Portland Neighborhoods: NW 23rd Ave.

 

 

 

 

 

 

 

 

Whenever I work with clients moving to Portland from LA, the first place I take them is NW 23rd. It’s Portland’s version of San Vicente or Larchmont –– a strip of mostly fancy schmancy stores and restaurants that was the main draw back before there were other main draws like Division, Mississippi, Alberta, Lake Oswego, and other neighborhood villages.

As you can tell from the address, NW 23rd is 23 blocks from the Willamette River, which is just over a mile (blocks in Portland are shorter than they are in a lot of other cities). In between, you have non-stop interesting stuff: NW 21st is kind of the Clinton to 23rd’s Division (see my post on Division here, and on Clinton here). They’re super close, but different enough that people who live there tend to identify with one or the other.

Then there’s the Alphabet District, where you can’t get lost because the avenues are numbered and the streets are alphabetical. (Cool Portland fact: the streets are named after city founders. Other cool Portland fact: If you watch or watched The Simpsons, a lot of those names will look familiar. Matt Groening is from Portland.)

An awesome old house.

Where was I? Oh yeah. Interesting stuff between NW 23rd and the river. After the Alphabet District, you have Slabtown, the Pearl District, Chinatown, and Old Town. I’ll be writing posts on each of these sections down the road.

Right around NW 23rd, you’ll find a lot of condos, but head west a bit and you get into houses. Amazing old houses, built mostly in the early 1900s.

Not an awesome old house. An awesome new one.

The street is kind of ideally located. The Portland Streetcar moseys through, connecting the neighborhood to the rest of the city. But it’s actually walking distance to downtown in one direction, the Pearl District in sort-of another, and Forest Park in the another.

NW 23rd used to be distinctive in that it was the only cosmopolitan area of the city. It has a Pottery Barn, Restoration Hardware, Lush, Gap, Ben & Jerry’s, and some other big name stores. “Real” Portlanders like to cop an attitude about that because the city likes to defiantly support local businesses, but with Salt and Straw, Blue Star Donuts, Stumptown, Ace Hotels, and a lot of other local businesses going national and even International, it’s harder to draw the distinction anymore.

And other neighborhoods of the city have let some of those big name national brands leak in.

A wall of chocolate at The Meadow.

But there are some things along NW 23rd that you can’t find elsewhere in Portland. One is St. Jack, a French Bistro where they make two things that are worth the hike all the way from my house: the chicken liver mousse which is, I’m serious, a $%&*!! revelation and a drink called The French Pearl that I swear tastes like sipping springtime. Another is Kornblatt’s Deli, the only (unless you count newcomer Kenny and Zuke’s) Jewish deli in Portland.

Just off NW 23rd at the north end you have St. Honore, a  bakery that looks like something out of an old French movie and Kenny and Zuke’s Bagelworks, where the bagels are actually good. Really good. Better than most of the bagels I had when I lived in New York good.

Look at all the whiskeys at the Southland Whiskey Kitchen! We’re gunna be here for a while…

Oh, and this is cool! Every September, the Vaux’s Swifts stop off on their annual migration to spend the night in a chimney at Chapman Elementary School (1445 NW 26th Ave). Head over there any day of the month just before dusk and join thousands of Portlanders who think sitting on a blanket on the grass and watching birds fly into a chimney is more exciting than any Miley Cyrus concert.

I’ll be there. Look for me. Afterward, we can head over to St. Jack.

Portland Neighborhoods: Clinton

Remember Manhattan back in the 40’s and 50’s, when you could walk a block and go from one neighborhood to another one that was totally distinct?

Me neither.

But I’ve heard stories. And when I used to live there, you could still find vestiges – little reminders that the German neighborhood you were in butted right up against the Italian neighborhood a couple of streets over.

Who needs a gallery? Put your art on a fence ….

….on a telephone pole ….

….even on your house.

Portland has a lot of that. More subtle than in New York, but places where there’s a real difference in the personalities between two areas. Colonial Heights is different from Ladd’s Addition. NW 21st is different from NW 23rd. Hawthorne is different from Belmont, which is different from Stark, which is different from Burnside. And Clinton is different from Division.

“The Rocky Horror Picture Show” plays every Saturday night. Not making this up.

I’ve already gone on about Division (click here to reread my extremely informative and even vaguely accurate post), but to recap: 1) Freeway, 2) no freeway, 3) hippies, 4) fancy restaurants, 5) hipsters.

Clinton is a block away, but where Division was originally kind of an industrial cut through, Clinton began life totally residential. So even though the same hippies bought houses in both Clinton and Division for pennies on the dollar when the government abandoned its plan to build a freeway into downtown, neighborhood stuff got (and gets) emphasized on Clinton a lot more. To the point that today, cars get to drive on division; bikes own Clinton.

Clinton is what the city calls a Designated Bike Boulevard, which is defined as “low-volume and low-speed streets that have been optimized for bicycle travel through treatments such as traffic calming and traffic reduction, signage and pavement markings, and intersection crossing treatment.” Clinton has speed bumps, signs, DUI catchers (little roundabouts in intersections), even special street signs with cute little bikes on top – all that and more. In fact, just try to drive a car down the street. You can’t. There are spot where cars are actually forced to turn off.

When old homes are torn down in Clinton, they’re usually replaced by new homes. On Division – and did I mention that Division is seriously only a block away? – when old homes get torn down they’re usually replaced by multi unit housing.

I haven’t actually been to this place yet. We should go.

Like most of the neighborhoods in Portland, Clinton is its own little village. In and just off of the stretch between SE 20th and SE 26th you’ve got your pizza place (Hammy’s), a breakfast place (Off the Waffle), a diner (Dots, which is surprisingly good), an artsy brasserie (La Moule), another artsy brasserie (Jacqueline), and a kajillion other places to eat and drink and watch the parade of bike commuters on their way to and from work. There’s a fancy grocery store (New Seasons, which is really on Division, but like I said, a block away, and actually more connected to Clinton), and a food co-op (People’s Food Co-Op on SE 21st and Tibbetts).

You also have two optometrists, a boutique that sells kid stuff …even two real estate offices.

Which you really don’t need to bother with. I mean, you have me, right?

For a complete Portland bike map, click here.

 

 

 

 

Portland Neighborhoods: Mt. Scott Park*

*not to be confused with Mt. Scott, a 1,091-foot-high volcanic cinder cone in Clackamas County

When I first moved to Portland 13 years ago, I was told to stay away from this area. People called it Felony Flats. A lot of the yards had pit bulls chained up in them, next to the carcasses of dead cars and appliances.

Oh how things change.

It’s still one of the more affordable neighborhoods in the city, but according to Portland Monthly the median home price is now $384,999. Felony Estates, more like.

It’s the area between SE 52nd and SE 82nd, north of Woodstock and south of Foster. (Cool fact: Foster Road was named for Philip Foster, who owned a trading post near Estacada in the late 1800s and was married to Mary Charlotte Pettygrove. Another cool fact: Foster Road was built on top of the northern fork of the Oregon Trail.)

The centerpiece of the Mt. Scott Park neighborhood is …wait for it …Mt. Scott Park. It’s a quiet, family-friendly park, and just about every weekend there’s a birthday or graduation or something being celebrated in one of the picnic areas. A couple of years ago, the World Naked Bike Ride started in the park. So yeah, totally wholesome.

Okay, I lied. The Mt. Scott community Center is the centerpiece of the neighborhood. It’s adjacent to or maybe in the park and has two swimming pools – one that’s great for lap swimming and water aerobics and the other that’s built just for kids, with a slide, whirlpool, buckets that splash water on top of you, and a wading area that graaaaaaaadually gets deeper and deeper until the water comes all the way up to your knee.

The neighborhood is culturally diverse with a pretty substantial Russian population, as well as Mexican and Vietnamese.

In addition to the pools, the community center has a basketball court, a gym, meeting rooms, and a skating rink. For real. A skating rink with wood floors and posts which I know from first-hand experience are placed perfectly for you to run into when you’re trying to teach your kid how to skate and not paying close attention to where you’re going.

Someone told me that in the old days, the Mt. Scott Trolley ran from downtown Portland up to the town of Lents and no, I have no idea why it was called the Mt. Scott Trolley, but because that was the name of the line, that became the name of the park.

I was also told that the Arleta Triangle, a weird orphan of land that’s cut off from the southwest corner of the park at SE 72nd and Woodstock, came about because trolley tracks were laid to cut the corner of the park, leaving a little triangle of land all sad and lonely out there in the middle of the intersection. It sounds convincing, but according to the 1942 trolley route map I dug up, the trolley didn’t go anywhere near that corner. And also, it wasn’t called the Mt. Scott Trolley.

Anyway.

Speaking of things that are named for what they aren’t, across the street form the park is the Arleta Library, which isn’t a library, but a breakfast place that got famous because some TV Chefs ate there once. It’s good, but good enough to wait in line to get in? Yeah, actually it is.

Next door to the Arleta Library is Space Monkey Coffee where I have a secret crush on a barista named Amy. If you go there, tell her hi for me.

Okay, I lied. The centerpiece of the neighborhood is the Portland Mercado at SE 72nd and Foster. It’s a collection of Hispanic food cars – everything from Colombian to Peruvian to Oaxacan to Cuban – plus a tiendita for groceries, a carniceria for meats, a cafeteria for coffee, and a bar.

You know what? For real, the centerpiece of the neighborhood is Milo, the Best Puppy Ever™. He lives across the street from the park and loves to invite neighborhood dogs into his yard for play dates. If he’s not out by the gate when you come by, ring his doorbell on the little free library and he’ll come out. Unless he’s gone to work with his dad (me) to sell some houses in the neighborhood.

 

– Brian

 

 

 

 

Portland Neighborhoods: Division

(Not the definitive history, but my version, which includes maybe a little hearsay, a little mythology)

Something like 45 years ago, the federal government decided to put a freeway into Portland and bought up a swath of old houses along the proposed route –– SE Division Street. Scrappy Portland citizens said “we don’t want your stinkin’ freeway” and managed to force the project to be abandoned, which left the government holding a ton of properties. The government decided to get rid of the properties and because governments are so good at turning a profit, they sold the houses for pennies on the dollar.

The timing was perfect for hippies. San Francisco was getting pricey. So tons of them hitchhiked up north to a land where you could drive a VW bus 20 minutes in almost any direction and find yourself in a gloriously beautiful setting –– you could take a quick hike through misty woods, pluck a couple of psychedelic mushrooms, and bliss out naked in a hot spring.

Up until that point, Portland was a rough, blue-collar manufacturing and timber town. But so many hippies invaded that the city’s personality changed.

The hippies turned their craftsman houses into goat barns, pottery studios, rooming houses, and mini ashrams. They didn’t have the money (or inclination) to tear the houses down and build modern houses, but they put enough love and care into them to keep them from falling completely apart.

35 years later, the rest of the country discovered this little time warp and what it had become. Disaffected young people from all over the US started moving into the city in hopes that they, too, could live a life where a kombucha culture got more attention than a time sheet.

About 15 years ago, I can’t remember who, but some adventurous chef decided to open a restaurant on SE Division, driven mostly by how inexpensive the property was. The restaurant became a media darling and other chefs came in with their restaurants. Soon Division became a culinary destination. That’s about the time that I moved into the neighborhood. I used to walk five blocks to Pok Pok, sit down, and have a great lunch. Now you have to wait in line for an hour to get in.

I remember when the first condos went up in the neighborhood and the developer priced the units at the audaciously exorbitant price of $225,000 a unit. I bet he’s kicking himself now. I know I am.

Division these days is one culinary experience after another, with pricey little boutiques interspersed in between. But a lot of the original residents are still there. They like to complain about having to pay $4 for a cup of coffee and about how they have to park sometimes a block away from their houses, but their homes are worth $750,000 and up.

Division street itself is becoming a canyon of condos, which is hard to square with its original vibe. Many of the restaurants there are now mini-chains. The Bollywood Theater is a wonderful example of a really neat restaurant that was established in another neighborhood, but has a branch on Division. Those of us who have lived here long enough feel like that’s some kind of betrayal, but let’s be honest, the food is good and they only have two locations. That doesn’t make them The Great Satan.

Division is super close to downtown. You just hop on your bike and pedal thirty some-odd blocks and you’re at the river. Take the Hawthorne Bridge across and bam, you’re there. Bonus, Hawthorne is about a half mile to the north and Clinton is two blocks south and a little west. Getting to the airport is pretty easy, too. Just head east to the 205 Freeway and go north. It used to take me 20 minutes. I suppose now it’s 35 when there’s traffic.

Some of my favorite places on Division:

  • Scottie’s Pizza (One of the best pizza places in the city. And that’s saying a lot. Portland has tons of great pizza places.)
  • Bollywood Theater
  • Pok Pok
  • Lauretta Jeans (Amazing pie. I take my kids there for Pi Day every March 14th and the place is packed with math geeks.)
  • Pinolo Gelato (Just a couple blocks from Salt & Straw. I like it better.)
  • Cibo (*&$%!! good happy hour, with another amazing pizza.)