Summer Housing Report: Happy Valley, Clackamas, Damascus

Real Estate
Local Realtors Serving Happy Valley, Damascus & Clackamas *Click the expanding tabs below to explore your market details In sharp contrast to Portland's recent bout of cool, temperate weather, local home values throughout the Portland metro area are continuing their meteoric rise. Today we focus specifically on real estate in a few surrounding areas of East County. Home Values Soar Around Portland, OR Oregon's seasonal housing market fluctuations notwithstanding, other factors such as new transplants to the area as well as improvements in the local economy both likely play a role in Portland's robust home price increases. The significant dearth of local rental opportunities may also be fanning the flames of increased home prices in that exorbitant monthly rent or simply being unable to find a suitable rental at all…
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Damascus Oregon Property Values

Real Estate
Realtors' Update Damascus, OR For the first week of August, 2011 the median asking price for active residential property listings remained at $350,000. Inventory of unsold homes has been dropping; which can be an encouraging sign however market-action in the form of buying has dropped dramatically. Currently, average days on market for Damascus, Oregon Listings has been climbing and is currently at 192 days. Action from strong buyers has also dropped notably. [caption id="attachment_2588" align="aligncenter" width="300" caption=" Housing Prices"][/caption] With houses taking longer to sell and fewer buyers purchasing them many local agents suspect that property values will be dropping in the near future. Short Sales, foreclosures (REO Bank Owned Properties) will most likely continue to be a factor in the housing market for Portland, OR and surrounding areas. Negotiators…
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