There are many great Portland area homes for sale. Click here to perform full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (503) 594-0805 for a FREE home buying or selling consultation to answer any of your real estate questions.
Why are so many people moving to our great state? Well, the study found that Oregon ranks highly in both livability and affordability. As far as livability is concerned, we have great coffee shops, wine, restaurants, art, and entertainment. When thinking about affordability, it's hard to match the value of our homes. In the San Francisco metro area, the average price point is $700,000+, while Seattle's is a much better $364,000. However, the Portland metro area beats them all, as our average price point is only $287,000!
What does all of this mean for sellers?
For one, demand is high! We still have a strong demand for properties in our area. When comparing Portland properties to the rest of the West Coast, of all the big cities, ours is the cheapest place to live! Additionally, our lack of inventory is driving prices in a positive direction for sellers; roughly 90% of the homes we're currently listing are receiving multiple offers right now. It's clearly a great time to be a seller in our area!
What does all of this mean for sellers? For one, demand is high! We still have a strong demand for properties in our area. When comparing Portland properties to the rest of the West Coast, of all the big cities, ours is the cheapest place to live! Additionally, our lack of inventory is driving prices in a positive direction for sellers; roughly 90% of the homes we're currently listing are receiving multiple offers right now. It's clearly a great time to be a seller in our area!
As far as the future is concerned, we're not expecting to see any deflation any time soon. Experts predict the Portland area will experience appreciation rates between 3% and 5% until 2018. The Oregon market is back to normal, and has finally stabilized after the rapid growth we saw in 2013. Other than the lack of inventory, we are seeing very solid conditions here in Portland!
If you have an interest in taking advantage of these great selling conditions, or would like real estate assistance of any kind, don't hesitate to reach out to us. We would love to help you in anyway possible!
