Northwest Portland Real Estate Market - View Northwest Portland Real Estate Market Trends in Oregon

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Northwest Portland. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 503-336-6110.
Average Home Price	$550,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$300,000 - $349,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Northwest Portland is	Increasing

Seller Activity for the past 90 days in Northwest Portland is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Homes that are priced well and staged well are selling quickly and we see multiple offers on the best of the bunch!

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	FHA financing is available for all homes priced up to $417,000. Buyers only need 3.5% down to get an FHA loan! Conventional loans are available with 20% down payment and there are other programs available with 10% down. Call me for more info at 503-336-6110.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Some price ranges are actually in a ’Sellers Market’ inventory for NW Portland while others are in a strong ’Buyers Market’. Depending on the price range, homes can be flying off the shelf or sitting on the market for a long time. Homes priced up to $550,000 are definitely in more of a SELLERS market right now!

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Portland

Housing Hot Spots	Certain price ranges in the area are considered ’Housing Hotspots’, especially in the price ranges of $550,000 and below!

Average Sold Price	$550,000 - View Graph Trend

Northwest Portland Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...

Contact Information