Market Sentiment...

This is more our perception than anything else, as I've not compiled any statistics to back this up...

We're getting the sense as brokers that the overall attitude toward the market is shifting. Up until recently, potential buyers were adamantly opposed to pulling the trigger until they "saw the bottom".

Have we seen or at least reached said "bottom"?

There is something in the air now that's been noticeably absent in recent months: people are actually looking at and buying real estate. Savvy investors are capitalizing on opportunities and first-time owner occupants are moving in on 2,3, and 4 units. Hooray!

Lenders are still very tight-fisted and conservative, but there are some signs that even they are starting to come around. I've heard some very positive things with regard to both owner occupants AND investment programs. Let's get in the game people!!

Soggy Golf

I was pleased on Monday to represent Sullivan Multi in the annual Portland Board of Realtors golf tournament. It was a perfect day for golf up until around the 14th hole when the skies opened up and we got drenched. I'd love to say that the rain affected the scoring of our foursome, but sadly, I can't even convince myself that sunshine would've tipped the scale for us. Oh well, until next year!

West End Four-Family

Sullivan Multi just acquired this new listing. It is a classic west end four-unit with great potential for sweat equity. It's got off street parking, decks and location working for it already... all it needs now is someone to take it to the next level. Call or check the website for more details.

Activity Report

Last week, Sullivan Multi closed eight units among three buildings for a total volume of $935,000. Leave it to us to work so hard during the hottest days of the year so far! For details about the sales call us... one of the buildings was unlisted.

Safe and Happy Holiday Weekend!

The Sullivan Multi Team wishes you all a safe and happy Holiday weekend. We hope you get some much needed and well deserved R&R and come back next week with multis on the brain!