Portland, Oregon Housing Market Report

Mar 3, 2017 by admin

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When buying a home in the Portland, OR area, one thing that many people do some research on is the real estate market in the area. If you haven’t done the research yet and are considering the purchase of a new home in the area, you will no longer have to as you’ll find out everything you need to know and more right here. To start things off, the average listing price of a home for sale in the Portland area is somewhere in the range of $450,000 dollars. While this might seem high to the average person (or not so high to others), there are homes in the area that sell for far less as the average selling price is some $200,000 dollars less.

Nearly 2,000 of the 6,000+ homes sold in the last year or two have been foreclosures which means that they typically sell for far less than what they would originally be listed for. This, in turn, not only saves you money but gives you a property that you could resell later on down the road for a decent profit should you decide to relocate to a new area and sell your home.

What if you’re looking to purchase a home in a certain area? For example, if you are looking to buy a home in the Southwest Hills area, you can expect to spend over $1 million dollars. However, if you are on a budget and want to live in an area that is still considered ideal, you can look in the Montavilla area and expect to spend less than $200,000 dollars for a home.

If you have kids and care to know about the various school districts in the area then you’ll most likely be comparing two different districts which are the David Douglas School District 40 and the Beaverton School District which is the larger of the two with something like 40,000 students (David Douglas has around 10,000 students). Taking all these things into serious consideration, you should have no trouble finding the perfect match as long as you have a solid real estate agent or company by your side.

To get started, you can start shopping around and finding homes that are of interest to you. Once you find one that you’re interested in, you can either contact the real estate company that has the listing for sale or bring in your own real estate agent to seal the deal, make an offer, or find out more information about the home. Portland is not only a great area to invest in a home but is an equally great area to live in. The pricing of the homes showcases this fact as does the amount of homes sold in the area on an annual basis. In comparison to other cities the size of Portland, you’d be hardpressed to find a better housing market on the West Coast that is both affordable and in good locations.

In short, the Portland housing market is growing and affordable. This is great news for new home buyers or those fresh out of school looking to make their first big investment. With prices in ideal neighborhoods under $200,000 dollars, Portland may just be your ideal city.