How Can You Take Advantage of Portland and SW Washington Real Estate?

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Today I'd like to provide you with a brief real estate market update for the Portland/SW Washington area. People are always asking me about the market, so hopefully this can sum up what's happening.

We're seeing a strong seller's market right now because inventory is extremely low. We only have 1.8 months of inventory right now. This is creating extreme demand and raising sale prices.

With this being said, we're also seeing a lot of appreciation in this market. Oregon and Washington are actually in the top 10 of home value appreciation in the nation. For example, the average sales price in Portland has increased by $15,000 since last year ($327K to $342K).

In southwestern Washington the average sale price increased by $22,000 ($261K to $283K).

Additionally, some of the hottest areas right now are Wilsonville and Fisher's Landing. If you have a home in this area or if you know someone that does, have them contact me if they would like to sell for a nice profit.

As always, please don't hesitate to contact me with any questions you may have about real estate in Portland.