Portland Real Estate Market
Portland has an abundance of terrific homes, many with great little gardens.
Historically, real estate in Portland Oregon, has been a sound investment. And to be very clear, it’s still a very strong housing market. As a general rule, residential property in Portland holds its value — the city is a very attractive place to live and the schools are good. The lifestyle is comfortable and Portland usually ranks quite high for liveability. The city has terrific housing stock with an unusually large number of wonderful Portland neighborhoods. All of which means Portland real estate is a solid investment, but not immune to economic conditions.
Real estate everywhere is affected by national economic trends and Portland is no exception. Because Portland has so much going for it, we tend not to succumb quite as much as some other places in the U.S. Nevertheless, in summer of 2009, we, like many other cities around the country, have lost some value and have our share of foreclosures.
A few facts and figures about Portland.
Median household income: $50,979
Median home price: $285,233
Cost of living: 111% (based on national average of 100%)
Violent crime index: (1 is lowest) 7
Days per year with some sun: 144
Days per year with some precipitation: 154
Population: 550,000 +
Click here for a real time look at market conditions for real estate in Portland, Oregon.
If you would like to know more about us or about the current market conditions in Portland, Oregon and the surrounding areas, please contact us and let us know your wants and needs.
We look forward to hearing from you and working with you in the future!
Thanks,
Michelle Maida
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