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February:
Portland
is currently in a Sellers Market for homes priced under $400,000.
The average sales price is $246,000 for the
Portland
metro area. The median sales price is $204,500. –Unbelievable–these home
prices have more than doubled since 1987!
There are currently 2,017 homes for sale priced between $150,000 and $400,000.
This includes new construction, and homes in lovely, established
Portland
neighborhoods. In the past month 906 homes have sold. The homes available for
sale divided by the homes sold means all available inventory
would be “absorbed” or sold in 2.2 months. This is relatively
unchanged from last month. This is great for sellers. Buyers need to get
pre-approved for a loan and have an experienced agent working on their behalf.
In the entire Portland Metro area the median sales price appreciated 9.4% in the
last 12 months to $204,500 and the average sales price is now $246,000.
If you’re a home buyer and need an automated MLS search, go to my site www.TurnerRealtors.com
The Best Homes Sell Fast so go to the property search button to set up your own
search requirements. Every day you’ll receive emails with the newest homes on
the market that meet your search requirements. It’s easy, it’s free and there’s
no obligation.
If you’re thinking of selling your home, click on the
“find out what your home is worth button” on my website
. There is no obligation and no cost to you. You’ll receive a professional
analysis of your home compared to similar sold homes and a list of which homes
yours will be competing with for the best buyers.
Location Characteristics:
Portland
Oregon
is a wonderfully livable city with mild climate, friendly people and a wide
variety of things to do. The Portland Oregon Visitors Assn. (POVA) calls
Portland
“the city of books, beer & wine, bikes
and blooms.” But that overlooks the Portland Trailblazers, the symphony and
art museum.
Portland
is located 78 miles from the ocean and 65 miles to Mt Hood. The population is
approx 510,000 within the city limits and 1.8 million within the metro area. We
have a bad reputation in
Portland
for always having rain. But the average precipitation is 37″ per year–less
than
Atlanta
,
Baltimore
,
Houston
or
Seattle
.
Approximately 2,000+ new residents moved here in 2004. They must know
something good!
