It is worth noting that even despite increases in available homes for sale the market is still very strongly a seller’s market in that although inventory has risen significantly it has not increased enough to outweigh the very robust activity from well-qualified buyers.
These complex changes in perspectives have led to an asymmetric change in home values, with Portland Realtors noting that homes with high walking scores and close-in bicycle-friendly commutes into the city-center becoming top selling points. Today’s buyers want to be able to walk to independent restaurants, grocery stores and shopping while also having an easy commute to work as well.
I’ve heard from clients over the years that they had gone to the Oregon Foreclosure Avoidance Program in search of more information about short sales and what options home owners in Portland, Oregon have available. As part of the mediation
Low inventory is reducing the number of short sales in Portland, Oregon in that home owners in mortgage default have a greater ability to sell their property for enough money to cover the mortgage and remain in a positive equity position.
The billion dollar question is this: will bad news from Wall Street and Asia rain on Portland’s parade or will the distant rolls of thunder merely echo nay-sayers beating the drum of chimerical doom & gloom?
Portland, Oregon: Housing Quartile Data In Review Real estate quartiles are a method of data review that takes all of the residential properties in a given area and divides them into groups organized by price percentile. As an example, if
As of July 31th, 2015 the median list price for residential real estate in Portland, Oregon is $449,350 and showing a strong upward trend. In contrast, the average asking price is $589,851. There are 1181 property listings currently listed with
How Short Sales Have Changed in the Year 2015 Increases in home values in the Portland area, defaulted properties going to foreclosure and home owners completing short sales are all contributing to a reduced amount of short sale inventory. However,
Home prices in Portland have been relatively flat lately, and the market is generally showing signs of what may either be seasonal slowing or possibly home values settling. Surrounding areas like Gresham, Oregon are also seeing a decrease in home
Portland Real Estate Update: Overview The residential real estate market trends have been generally somewhat negative with a few areas that seem to be more neutral, depending on the price and demographic. For Portland and the surrounding areas within this