2019 Yearly Market Reports

Our 2019 Yearly Market Reports for Central Oregon, Portland Metro, Oregon Coast, Columbia River Gorge, Southwest Washington, and Southern Oregon are here.

Our Market Reports offer an overview of trends, insight and existing market conditions in key communities throughout Oregon and SW Washington. The reports cover the history of key areas, communities, and sectors such as residential, residential with land, townhomes and condos, farm & ranch.

You can see all of our reports below or by visiting CascadeSothebysRealty.com/Market-Reports.

Central Oregon

Columbia River Gorge

Oregon Coast

Portland Metro

Southwest Washington

Southern Oregon

Cascade Living | December 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and the Willamette Valley.

Click below to see the newsletter for your region:

Central Oregon
Columbia River Gorge
Oregon Coast
Southwest Washington
Willamette Valley

Cascade Living | November 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and The Willamette Valley.

Click below to see the newsletter for your region:
Central Oregon
Oregon Coast
Columbia River Gorge

SW Washington
Willamette Valley

This Is Home | A New Film by Cascade Sotheby’s International Realty

We proudly present our newest film – This is Home,  a stunning visual showcase of our commitment to local communities and our home here in the Pacific Northwest. Our brokers are real, authentic, and trustworthy. They have deep roots in the communities they serve, know the right places, the right tradesmen, and the right ways to help you. We honor the incredibly diverse lifestyles we serve throughout the region and our brokers are here to find what speaks to you. Whether that’s an oceanfront retreat, a high desert oasis, a high rise condo, or working ranch, we are your partner in fulfilling that dream.  Cascade Sotheby’s International Realty – where luxury is an experience, not a price point.

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Cascade Living | October 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and The Willamette Valley.

Click below to see the newsletter for your region:
Central Oregon
Columbia River Gorge
Oregon Coast
Southwest Washington
Willamette Valley

Moving Closer to Family

Baby Boomers are becoming Baby Chasers, and Here’s Why

According to the data trackers at Meyers Research’s Zonda, around 25% of boomers (those born between between 1946 and 1964) are choosing to pull up roots and move closer to grandkids after retirement. There are a number of perks fueling this popular trend. Running the gamut from practical and necessary to “I just want to watch my grandkids grow!,” there’s a reason so many retirees are choosing to bid farewell to their homes and move, sometimes all the way across the country, to be closer to family. 

While getting in on the fun during those first few baby years with the grandkids is often reason enough to hit the bricks, the opportunity to discover a new community and friends with similar lifestyles is a tremendous benefit that ought not be overlooked. Whether it’s a new partner for pickleball or someone to join for whisky tastings and cigars, finding someone who shares an interest is the perfect way to break the ice in a new place. At the end of the day, grandmas and grandpas deserve a little fun, too, ya know. 

Being There for Family

Raising a family is tough business, and no one knows that better than someone who’s made it all the way through to the other side and reached that golden age of leisure we like to call retirement. It’s a time to sit back, relax, and watch the next generation of teens make ridiculous fashion choices that they’ll almost definitely laugh at when they get older. Speaking of the next generation, older kids and teens can also be a big help around the house  — another perk to living closeby. 

Chores are a great way for kids to learn household skills, and it creates moments of bonding and shared experiences which help bridge generational gaps and encourage closer relationships. Whether shoveling snow or just watching a movie together, it’s an opportunity to spend casual time together outside of busy holidays and bustling family events. The support goes both ways, too. Grandparents can be a big help with after-school childcare and on snow days, sick days, and during seasonal breaks from school. 

Deciding to move to be closer to family is easy. Deciding exactly how close is a whole other conversation. Here are some common scenarios to think about, as well as a few pros and cons to consider when making a plan to move near grandkids after retirement. 

Moving in with Family 

This is likely the most affordable option for many people, as it may allow more adults to financially contribute to the household, but there are other budget-friendly options that can offer everyone a bit more breathing room. Adding an additional dwelling onto an existing homesite can be a cost-effective way to create a completely separate living space while still having all the perks of cohabitating with family, like daily breakfasts together or being there when kids come home from school. 

There are many benefits to cohabitating, but there are some challenges to keep in mind, as well, like different sleeping and waking schedules, housekeeping styles, and general living habits. It can be hard, no matter how much love is shared, so it never hurts to keep this in mind when considering living with loved ones. 

Buying a Separate Home

For those looking to be closer to family, but still wanting to retain privacy and autonomy, a  separate home is the best option. Using the profits from the sale of a previous home often means that a buyer has a budget which affords more options and even greater amenities that may not have been accessible previously. Gated communities are a popular option among boomers, as they provide a higher level of security and often include lifestyle amenities, like tennis courts, swimming pools, and clubhouses with resident events  — not to mention golf courses, gyms, and other resident perks which afford opportunities to get to know neighbors and build a sense of belonging within the neighborhood. 

Buying a Home Together 

Parents and grandparents looking to find a home for multigenerational living can choose to pool resources and purchase a larger home or one with an additional dwelling unit (ADU)  — a “mother-in-law suite,” as they’re commonly called. This option brings all the perks and challenges mentioned above; it’s also an opportunity to plan for the family’s future through smart real estate investments which can help support long-term financial goals and building assets to pass down to future generations. 

Here are a few examples of homes for sale with separate apartments and ADUs in Oregon and SW Washington. If you see something you like, or just want to know more about multigenerational homes, give us a call today for more information. 

Manzanita Separate Suite
Bend Extra Studio Unit
ADU in Tigard
Separate ADU in Washougal
Room for family on 12 acres in Sisters

Making the First Move

If you’re shopping for a new home, a shared home, or just curious to know what’s available near your kids and grandkids, the first step is to contact a reputable real estate agency which can guide you toward the best options in your desired area. Realtors are not just home experts, they’re local fixtures and ambassadors for the community. Getting to know a new place can seem overwhelming, but having a great realtor by your side can make it a little bit easier and a lot more enjoyable. 

Contact Cascade Sotheby’s now to explore homes for sale in Central Oregon, the Portland area, along the Columbia River Gorge, at the Oregon Coast, and in SW Washington.

A Blooming Town

In Southwest Washington, Camas is a former mill town that has transformed into one of the best places to live, work and play in the Portland-Metropolitan area.

Over the last two decades, Camas, Washington has transformed from a former mill town to a thriving city attracting young families and small and large businesses alike.

Dawn Stanchfield, the owner of Lily Atelier, a boutique located in the historic downtown, has been both an initiator and a witness to the revitalization of this 23,000 person city in Southwest Washington. In 2003, she bought a historic colonial home and moved from a neighborhood on Prune Hill to the outskirts of downtown Camas and opened her boutique. “Downtown was charming and on the verge of revitalization,” she said. “I’ve loved living and working here.”

Today, Camas is home to a host of locally owned small businesses as well as larger investment and tech companies, including Fisher Investments and Hewlett Packard. Its proximity to Portland and the Portland International Airport has been a draw for commuters, who have the advantage of being able to live on the income-tax-free side of the Columbia River.

The Columbia River Gorge, nationally renowned for its recreation opportunities, is also a draw. Within Camas, named for a lily native to the area, the Lacamas and Round lakes attract boaters, and there are miles of connected walking trails around the lakes which are popular year-round.

Heather De Ford, a broker with Cascade Sotheby’s International Realty, said that Camas is a perfect place for those looking for the “live, work, play” lifestyle. In 2018 and 2019, Camas is the host of the Clark County Parade of Homes, a similar event to the popular Street of Dreams tour of contemporary luxury homes.

Single-family homes make up the majority of the residential real estate market, though apartment complexes and high-rises are in the long-term plans for the town’s future to accommodate for the expected growth of the Portland-Metropolitan area. Much of the real estate is new construction that has been built within the last decade. Portland-Metropolitan area. Much of the real estate is new construction that has been built within the last decade.

Population 23,331
Average home sale price $473,000
Home value increased 6.4% in the last year
Median income $84,643
30 minutes from downtown Portland

Young families are drawn to the town for the school district, which has regularly been recognized as one of the top in the state of Washington as well as the country by the U.S. News and World Report.

“Over the years, so many people are moving to this area from other parts of the country,” said Stanchfield. “They’re really looking for the sense of community and a great place to raise kids. We’ve watched it grow and develop as people have moved here and invested here.”

Even with the changes, the town has not lost its sense of community or its friendliness and charm. “There’s a big sense of community and support from families,” said Stanchfield. “It seems like the entire town shows up for the Friday night football games.”

Written by Bronte Dod

Cascade Sotheby’s Acquires Prestigious Park Place Real Estate

Portland, Oregon – Cascade Sotheby’s International Realty has acquired the prestigious Park Place Real Estate effective immediately. Park Place was formed in 2004 by the husband & wife team of Steve and Evelyn Rosling who bring 22 years of local expertise in the Portland Metro Area & SW Washington real estate market along with a team of 25 top performing brokers.

CSIR Beaverton - Evelyn & Steve
With the addition of Park Place, Cascade Sotheby’s increases market share in the luxury, new construction and land development sectors and enhances local presence west of the Cascades.

When approached by Cascade Sotheby’s to join forces, the Roslings felt it was the right time and the right brand for partnership: “Portland continues to grow and attract new residents nationally and internationally—the distinctive Sotheby’s brand, its global presence and sophisticated marketing platforms will allow us to readily reach these markets and further elevate our value and services to our clients.”

CSIR Beaverton - Park Place Awards
Park Place Real Estate, which has produced $120 million in closed sales in 2018, has received accolades from the Home Builders Association of Portland (HBA), Portland Metropolitan Association of Realtors (PMAR) and the Portland Business Journal (PBJ) and has earned a solid reputation in the community for its people, service excellence and award-winning marketing.

“As always, our strategy is to look for acquisitions that fit our growth trajectory and that most importantly bring a great team with the intelligence and integrity that mirror the way Cascade Sotheby’s does business,” says Deb Tebbs, chief executive officer, Cascade Sotheby’s International Realty. “The Roslings and Park Place bring the excellence in customer service and a dedication to advanced industry education that make them masters at serving the needs of their clients. We welcome this exceptional team to our brokerage.”

CSIR Beaverton - Conference Room
Steve & Evelyn Rosling built Park Place realizing that a company’s good name and reputation is built not just by one member but by each and every person associated with it. They now bring to Cascade Sotheby’s a team of goodhearted agents who share in their core value of honesty, integrity and trust—all brokers who are steadfast in putting their clients’ needs and interests first and foremost.

The Park Place Real Estate team now joins Cascade Sotheby’s International Realty which is on track to exceed $1.6 billion in closed sales in 2018 and continues its innovative approach to uniting extraordinary lives with extraordinary homes building on these statistics:

• Company on track to achieve $42 million in company revenue in 2018
• Sales revenue growth from 2015 to 2018 is 38%
• More than 2.5 times the market share in Central Oregon than closest competitor
• More than 325 brokers across Oregon and SW Washington
• 99 new agents year-to-date 2018 representing $399 million in sales revenue
• Average price point for CSIR agents is 33% higher than agents in Portland and SW Washington
• 12 offices in Oregon and SW Washington

CSIR Beaverton - Hoteling Station
Cascade Sotheby’s affiliation with Sotheby’s International Realty offers a distinctive advantage to reach an affluent global audience. With over 20,000 sales associates in approximately 960 offices and 72 countries and territories, and 108 billion in sales, the Sotheby’s network provides a profound international reach to market properties in Oregon and SW Washington.

The Old House and the Sea

The history of Ilwaco, a small but active port on Washington’s Long Beach Peninsula, is built into an historic home that sits high on a hill. When the house was under construction in the early 1930s, a nearby Civil War-era fort was being decommissioned, and the staircase from the captain’s quarters was dismantled and rebuilt in the house. It’s just one detail in the house that is filled with character and history.

Ilwaco House Study
That charm is what caught Richard Ellis’s eye almost twenty years ago. He and his wife Marge Ellis were looking to move from Vancouver, Washington to the Washington coast when Richard stumbled upon this house. Staring up at the two-story home, Richard thought to himself, “I bet Marge would love this house.” He knocked on the door and asked if the owner would be willing to sell. As luck would have it, she would.

Ilwaco House Kitchen
Richard and Marge lived there for eighteen years and are now moving to eastern Washington to be closer to family. “We’re so torn,” said Marge. “We just love this house.” The house is as much a fixture in the charming coastal town as the port that draws tourists year-round. Originally owned and built by a local family that owned the whole block as well as the theater and gas station in Ilwaco, the house has been through only three owners in its almost century of life.

Ilwaco House Breakfast Nook

“Finding this much usable space and a well-maintained property in a home of this age, in this location, is a real challenge,” said Cascade Sotheby’s broker Heather DeFord. “It is one of the premiere homes in the area.” When the Ellises moved in, the bones of the house were there, Marge explained, but it did need updates. Richard and Marge were careful to preserve the integrity of the home and its craftsman style.

Ilwaco House Living Room
“I like traditional builds,” said Marge. “No matter how they build today…it just doesn’t have the bones that this does.” They started by chipping away at the paint that had sealed the original large picture windows shut, breathing new life into the home. They took the time to find the era-correct replacements for Art Deco style chandeliers and sconces that were found throughout the home.

Ilwaco House Dining Room
They did preserve the original maple hardwood flooring that was found throughout the first floor and the second-floor landing. Other details like glass doorknobs, ample built-ins, a gas fireplace and French doors that lead into the dining room enhance the historic charm. Seven years ago, they remodeled the kitchen. “We worked really hard to make sure the kitchen blended in with the house,” said Marge. Matching the dark DeWils cabinets to the wide wood trim found throughout the home made the modern kitchen blend seamlessly with the traditional style of the home. They added stainless steel appliances and granite counters as well as an island to the layout for an efficient cook’s dream. They also brought back the booth seating in a breakfast nook of the kitchen that was taken out at some point in an earlier remodel, restoring part of the home’s original history.

Ilwaco House Master Bedroom
The four-bedroom, three-bathroom home is primed for its next chapter. There is an unfinished basement that could be turned into another living space. The large, unfinished attic, which is lined with large wooden beams salvaged from shipwrecks in the area, could be turned into a master suite. Outside, a recently added Malarkey roof is constructed to withstand heavy coastal storms. Fruit trees dot the large yard, and there is a detached two-car garage with more storage space. Fresh landscaping and white exterior paint add to the 4,500-square-foot home’s curb appeal.

Ilwaco House Bonus Room
“Finding a home on the coast of this vintage and quality, and in such excellent condition, is no small feat,” said broker DeFord. “This home has been lovingly cared for and upgraded over the years, and is perfectly located to take advantage of all the recreational opportunities on the Long Beach Peninsula.” Ilwaco and Long Beach have recently seen a surge in tourism. Locally run small businesses draw families to the region. Ride along the dune trails, hike and search for sand dollars at Leadbetter Point State Park, stroll through the charming historic Oysterville neighborhood and pick up fresh seafood for dinner. In Ilwaco, the Saturday farmers’ market brings out the local vendors along the boardwalk.

Ilwaco House Aerial
From the high perch of the home, Richard and Marge can watch the bustling harbor, with fishing boats moving in and out daily. They also can imagine what Lewis and Clark saw on the last point of their journey, as Ilwaco is the farthest point West of the historic trail. “There’s a lot of history here,” said Marge. This home is listed for $585,000 with Cascade Sotheby’s International Realty. For more information, view the listing here or contact Heather DeFord at 360.608.4321.