Portland oregon real estate
Portland also known as the City of Roses is one of the best places to live in Oregon. You can find in Portland every thing possible ranging from entertainment to education to business and a family lifestyle. Full of activity the residents of Portland couldnt have asked for more. With mild climate and lot of life the city is one of the best places to live in. With clean air and water you can enjoy hiking biking or river rafting. You can also consider heading up to the snow-clad mountains for snow skiing or boarding. If you are a beach buff then you can even have access to the beach within an hours journey.
Portland Oregon is also one of the most sought after destinations for real estate investors in Oregon. If you are interested in making an investment in the Portland Oregon real estate market then below is something that can be of help to you.
Portland Oregon real estate market conditions
At present the Portland Oregon real estate market is a buyers market. It has also been named as one of the best three housing markets in the United States. There is a lot of inventory in the market to choose from and the interest rates are still lingering in the 5%-6% range. The average time in the market for houses has come down to 75 days and property is selling like hot cakes.
The entire Portland Oregon real estate metro area has seen an all time low of average sales prices after a gap of almost six years. The rates have come down by 3.9% and the median price has also dropped by 3.5%. The experts consider that this decrease of home prices is due to the high-end houses in the market. In the month of April 2008 the sales of houses priced more than 51% decreased by almost 51%. This decrease in the sales of the expensive houses has affected the entire Portland Oregon real estate market and the rates have dropped considerably.
At present the average sales price is estimated at $325,000 and the median sales price is estimated at $275,000. At present there are as many as 8,660 homes for sale available in the Portland Oregon real estate market and these are priced in the range of $150,000 to $750,000. These homes include new construction houses, resale houses, condos, houses in great and also houses in the established neighborhoods of Portland.
If you are looking for an area wise statistics for the Portland Oregon real estate market then here it is:
North Portland
Average Sales Price: $268,000.
Year-to-Date Average Sales Price & Appreciation: $272,900, 6.5%
Northeast Portland
Average Sales Price: $333,200.
Year-to-Date Average Sales Price & Appreciation: $319,900, 5.9%.
Southeast Portland
Average Sales Price: $289,700.
Year-to-Date Average Sales Price & Appreciation: $279,300, 3.7%
West Portland
Average Sales Price:
$443,800.
Year-to-Date Average Sales Price & Appreciation: $480,100, 4.5%
Beaverton
Average Sales Price: $285,200
Year-to-Date Average Sales Price & Appreciation: $279,600, 1.7%
In the last month i.e. May 2008 there have been as many as 1,122 houses sold in the area within the above-mentioned price range. There is almost a supply of houses for more than 10 months of time period. If you are considering a real estate investment in the Portland Oregon real estate market then now is the time. You can make an investment now to get the best deal.
Portland Oregon real estate agents
If you are looking forward to make an investment in the Portland Oregon real estate market then it is better that you take the help of a real estate agent. The real estate agent can correctly guide you on where to make an investment so that it would be profitable for you. Moreover the agent can also handle a lot of intricacies related to real estate dealing that can be a bit difficult for you to handle.
If you are relocating to Portland then it is strongly advised that you take the help of an agent, as you would be unaware of the areas where you can find some good deals. The real estate agent is your one source who can help you find a good deal in the area. However when selecting a Portland Oregon real estate agent it is important that you should keep two factors into consideration licensing and experience.
Both these factors hold a lot of importance and can help you get hold of a good agent. Moreover if you are a buyer then make sure that the agent whom you hire should work for your interest, as there are many agents who work in a dual manner for both sellers as well as buyers.
Some of the Portland Oregon real estate agents are mentioned below:
Jennifer Bukaty:
Contact: 7886 SE 13th Avenue, Portland, OR, 97202; Office
Phone:(503) 495-4824 Cell Phone:(503) 974-1570 Fax Number:(503) 232-2049.
Greg Herson:
Contact: 1205 NE MLK Jr. Blvd, Portland, Or, 97232; Office
Phone:(503) 230-8600 Cell Phone:(503) 757-1551 Fax Number:(503) 230-8650.
Nick Krautter:
Contact: 700 NE Multnomah Suite 950, Portland, OR, 97232;
Office Phone:(503) 748-8206 Cell Phone:(503) 901-8100 Fax Number:(503)
748-8256,
Lindsey Goins:
Contact: 10140 SW Park Way, Portland, OR, 97225; Office
Phone:(503) 221-7380 Cell Phone:(503) 481-7143.
Bob Broad:
Contact: 9755 SW Barnes Rd, Portland, OR, 97225; Office
Phone:(503) 222-7623 Fax Number:(503) 336-6243.
Charles Turner:
Contact: 2424 NW Lovejoy St. , Portland, OR, 97210; Office
Phone:(503) 292-9393 Cell Phone:(503) 936-7764 Fax Number:(503) 526-2870.
Alexsandra Stewart:
Contact: 7886 SE 13th Ave, Portland, OR, 97202; Office
Phone:(503) 233-8883 Cell Phone:(503) 869-1295.
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