What Makes Portland Better Than Other Big West Coast Cities?

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Portland real estate conditions are rather strange right now. Despite the fact that the market is on fire, there are still a lot of bargains to be found. Today, we address why this might be.

In Los Angeles, the average home sale price is $534,600; in San Diego, the average home sale price is $500,000; in San Francisco, the average price is $1 million; and in Seattle, the average is right around $478,000. In Portland, prices are much more affordable: the average home sale price is just below $300,000! If you're looking to live in a big city on the West Coast, Portland is still a bargain! 

As you probably know, we were ranked the third weirdest city in America, behind Austin and New Orleans, and we're proud of it! We're also the #1 relocation and pedestrian-friendly market in the country! What we have here is pretty rare: a vibrant and desirable environment where it's relatively inexpensive to live! 

If you plan on moving to the Portland area, however, there are some things you need to be aware of. For one, we only have 1.9 months of inventory; closer to the city center, we have only 1 month of inventory. In other words, we have an incredibly competitive market. 

If you're looking to sell, now would be a great time to get top dollar for your home, as we have a ton of demand and almost no available homes! If you are a buyer, you need to get creative: you or your agent should be knocking on doors! There are so few sellers out there you really have to hit the streets to find a desirable place to live! 

If you have any questions about our market, or if you need real estate assistance of any kind, don't hesitate to give us a call or shoot us an email. We would love to hear from you!