Do You Need A Buyer Agent?

Buying a home is one of the biggest financial decisions you’ll ever make. While some buyers consider going it alone, having a dedicated real estate agent can save you time, money, and stress. Here’s why working with a professional makes all the difference: Local Market Knowledge – From school districts to future developments, your agent helps you make a smart, informed investment. Negotiation Expertise – Your agent works to get you the best price, terms, and potential concessions, saving you thousands. Guidance and Support – From financing to inspections and closing paperwork, your agent ensures a smooth, hassle-free process. Understanding Buyer Agent Fees – In many cases, sellers offer compensation to the buyer’s agent, but terms vary. Your agent will help you understand the costs upfront and negotiate the best outcome for you. Buying a home can require considerable effort, don't waste it –  Once you're ready to make the purchase and identify the home you love- your agent will help you craft the best offer for that particular home.  Whether there are multiple offers, or the listing is getting stale- understanding how to get you the home you want on the most favorable terms- that's the job we do every day. Nathan Stancil | Buyer Specialist503.621.4693nathan@stancilre.comexploreoregonhomes.com

Luxury Living in the Heart of Portland: Eliot Tower 614

Nestled in Portland’s renowned Cultural District, this stunning studio condo in Eliot Tower offers a perfect blend of modern design, convenience, and city life. Whether you’re a first-time buyer, a professional seeking a sleek urban retreat, or an investor looking for a prime property, this home delivers on every front. A Home That Embodies Style and Function Eliot Tower 614 | Listing HERE This 559-square-foot condo is designed with an open floor plan, allowing for a seamless flow of natural light through its floor-to-ceiling windows. The sleek hardwood floors, high-end finishes, and thoughtful layout make it feel both spacious and inviting. The modern kitchen is equipped with stainless steel appliances, granite countertops, and custom cabinetry—offering both function and elegance for cooking and entertaining. The bedroom area, while open, provides a sense of privacy and tranquility. A well-appointed bathroom with contemporary fixtures and a full-size tub adds to the condo’s appeal. With ample storage and built-in closet space, this unit is designed for maximum efficiency without compromising on aesthetics. Prime Location in Portland’s Cultural District One of the biggest draws of Eliot Tower is its unbeatable location. Living here means being just steps away from some of Portland’s best attractions, including the Portland Art Museum, the Arlene Schnitzer Concert Hall, and the Oregon Historical Society. You’ll have access to a vibrant cultural scene, along with an abundance of dining, shopping, and entertainment options right outside your door. Commuters will appreciate the easy access to public transit, including Portland’s streetcar, which makes getting around the city effortless. For those who love the outdoors, the South Park Blocks and Washington Park offer green spaces to relax and unwind within minutes of home. Exceptional Building Amenities Eliot Tower is known for its top-tier amenities that provide a luxury living experience for residents. These include: 24-hour concierge service for convenience and security Fully equipped fitness center to stay active without leaving the building Community lounge and library for relaxation and socializing Expansive outdoor terrace with seating and greenery, perfect for unwinding after a busy day Investment Potential and Market Appeal At $275,000, this condo offers a rare opportunity to own a piece of prime real estate in one of Portland’s most desirable areas. The combination of location, amenities, and modern design makes it a fantastic choice for homebuyers and investors alike. Portland’s condo market remains strong, with properties in the Cultural District consistently attracting interest. This home is ideal for those looking for an affordable yet upscale entry into downtown living. Ready to Take a Tour? If you’re looking for a stylish and convenient home in the heart of Portland, this Eliot Tower condo is worth a closer look. Contact me today to schedule a private showing and explore everything this incredible property has to offer. 1221 SW 10th Ave #614, Portland, OR$275,000503.621.4693nathan@stancilre.comexploreoregonhomes.com Discover the perfect blend of urban convenience and modern elegance—this condo is waiting for you. Portland Market Report: February 2025

Southwest Washington Real Estate Market Update – February 2025

The Southwest Washington housing market continues to evolve, with a steady increase in new listings and buyer demand holding strong. Whether you are buying, selling, or investing, keeping an eye on the latest market trends is essential. Here’s a breakdown of the key market data for January 2025 and what it means for you. Southwest Washington Housing Market at a Glance (January 2025 Data) New Listings: 594 (+8.6% YoY) Pending Sales: 500 (+12.4% YoY) Closed Sales: 400 (+29.4% YoY) Median Home Price: $529,000 (+3.6% YoY) Average Home Price: $570,000 (No change YoY) Inventory: 3.1 months Days on Market: 77 These numbers indicate that while inventory is increasing, demand remains strong, keeping home prices stable and slightly rising in certain areas. What This Means for Buyers and Sellers For Sellers: Strong Buyer Interest, But Pricing Is Key With closed sales up 29.4% year-over-year, buyers are still active, and homes are moving. However, with inventory levels increasing to 3.1 months, pricing your home correctly is more important than ever. Homes that are well-priced and well-presented will continue to attract competitive offers. For Buyers: More Inventory, But Competition Remains The increase in new listings (+8.6%) means buyers have more options, but the rise in pending sales (+12.4%) shows that competition is still strong. If you are looking to buy, it’s essential to have pre-approval in place and be ready to act quickly when you find the right home. Neighborhood Trends: Where Are Home Prices Now? Different areas of Southwest Washington are seeing varying trends in home prices. Here are some of the median home prices across key regions: Clark County: $540,000 (+2.9% YoY) Cowlitz County: $415,000 (+3.1% YoY) Camas/Washougal: $670,000 Vancouver (Downtown): $485,000 Ridgefield: $625,200 Battle Ground: $499,900 Brush Prairie/Hockinson: $584,900 With inventory at 3.1 months, understanding local trends is crucial for both buyers and sellers in positioning themselves strategically. Affordability and Mortgage Trends The affordability index for Southwest Washington shows that a household earning the median income of $116,900 can afford 88% of a typical monthly mortgage payment on a median-priced home ($539,200). This assumes a 20% down payment and a 30-year fixed mortgage rate of 6.63%. For buyers looking for ways to enter the market, exploring first-time homebuyer programs, VA loans, and other financing options can make homeownership more accessible. Thinking About Buying or Selling? Let’s Talk Real estate is always evolving, and having an experienced professional on your side makes all the difference. Whether you’re buying your first home, selling a property, or investing, I’m here to help you navigate the market with expert advice and strategy. Contact Nathan Stancil – Your Southwest Washington Real Estate Expert Nathan Stancil Real Broker LLC Call or text: 503.621.4693 Email: nathan@stancilre.com Browse Listings: exploreoregonhomes.com If you have questions about the market, home values, or buying and selling strategies, let’s connect. Portland Market Report

Portland Metro Real Estate Market Update – February 2025

Portland Metro Real Estate Market Update – February 2025 The Portland housing market continues to evolve, and whether you’re thinking about buying, selling, or investing, staying informed is key. As we move into 2025, we’re seeing rising home prices, more listings, and strong buyer demand despite homes spending slightly longer on the market. Here’s a breakdown of the latest real estate trends in Portland Metro and what they mean for you. Portland Metro Housing Market at a Glance (January 2025 Data) New Listings: 2,205 (+13.6% YoY) Pending Sales: 1,719 (+15.2% YoY) Closed Sales: 1,213 (+8.3% YoY) Median Home Price: $537,000 (+6.3% YoY) Average Home Price: $600,300 (+6.3% YoY) Inventory: 3.7 months Days on Market: 88 These numbers tell us that more homes are hitting the market, but demand remains strong, leading to steady price increases across the metro area. What This Means for Buyers and Sellers For Sellers: A Strong Market, But Pricing Matters With home values up by 6.3% year-over-year, sellers have an opportunity to get top dollar for their homes. However, with inventory rising to 3.7 months and homes spending an average of 88 days on the market, pricing competitively is more important than ever. If you’re planning to sell, working with an experienced agent who knows how to position your home in this evolving market can make all the difference. For Buyers: More Options, But Competition Remains Inventory is increasing, giving buyers more choices, but demand remains strong. With pending sales up 15.2%, it’s clear that buyers are still active and ready to move when they find the right home. If you’re planning to buy in 2025, here are some key strategies for success: Get Pre-Approved: With competition still high, having financing in place gives you an edge. Act Quickly: Homes are selling in just under three months, so waiting too long could mean missing out. Work with a Pro: A local real estate expert can help you navigate competitive offers and find hidden opportunities. Neighborhood Trends: Where Are Home Prices Now? The real estate market varies significantly depending on location. Here’s a look at median home prices across different areas of Portland Metro: Lake Oswego/West Linn: $767,500 Beaverton/Aloha: $520,000 Northeast Portland: $480,000 Gresham/Troutdale: $505,000 West Portland: $636,300 Whether you’re looking for a quiet suburban setting, a historic neighborhood, or an urban vibe, understanding these local trends is crucial when buying or selling. Affordability and Mortgage Trends The affordability index for Portland Metro shows that a household earning the median income of $116,900 can afford 89% of a typical monthly mortgage payment on a median-priced home ($535,000). This is based on a 20% down payment and a 30-year fixed mortgage rate of 6.63%. This means affordability is still a challenge for many buyers, but there are strategies to make homeownership more accessible, including exploring first-time homebuyer programs, VA loans, and low down payment options. Thinking About Buying or Selling? Let’s Talk Whether you're considering listing your home, buying your first house, or investing in real estate, having the right strategy matters in this market. I work closely with buyers and sellers across Portland Metro to navigate the changing landscape and make smart, informed moves. Let’s talk about your real estate goals and how I can help you achieve them. Contact Nathan Stancil – Your Portland Real Estate Expert Nathan Stancil Real Broker LLC Call or text: 503.621.4693 Email: nathan@stancilre.com Browse Listings: exploreoregonhomes.com About Us If you have questions about the market, home values, or buying and selling strategies, let’s connect. Southwest Washington Market Report