Market Conditions in 97205 : Questions & Answers

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Tom Inglesby, Real Estate Pro in 97239
Tom Inglesby answered:
What are the market trends in SW Portland (close in, Burlingame/Hillsdale area)? What about SE Hawthorne?
The close in markets eastside Hawthorne/Sellwood are very active and have seen very little if any price drop. Location is #1 as it always is when you buy and sell. Check www.walkscore ... more
0 votes Share Flag Thu May 7, 2009 Market Conditions in Portland
Kelly Staffo…, Real Estate Pro in Portland, OR
Kelly Stafford answered:
What would be the expected change in price for a SW Hills home in November of 2006 and list price today?
I can email you RMLS stats for each period if you'd like, just let me know. It looks as though there is a YTD change of -1.3% in home values for zip 97201. However, for the entire per ... more
0 votes Share Flag Tue Mar 19, 2013 Market Conditions in 97201
DanP, Home Buyer in 97124
DanP answered:
Buyers & Sellers: What would you want to learn more about? Foreclosures, mortgages, local trends...?
#2 - We are researching neighborhoods; properties of this kind would help allow us to be more research specific.
0 votes Share Flag Mon Apr 11, 2011 Market Conditions in Portland
Cornerstone…, Real Estate Pro in Portland, OR
Cornerstone Group NW answered:
What was the home value decrease in the Sellwood/Moreland neighborhood between Jan. 07 and Jan. 08?
Hi - I've attached a link to the current Market Action Report published by RMLS that will show you not only the area you've asked about, but all of the Portland Metro area as well. Tha ... more
0 votes Share Flag Mon Mar 2, 2009 Market Conditions in Sellwood-Moreland
Kimberly Shu…, Real Estate Pro in Portland, OR
Kimberly Shute answered:
Resiliency or declines looming on the horizon?
Hi Larry,

The economy does not affect neighborhoods in all the same way. The 97229 area is a strong stable area and has weathered the decline better than most. Although it may cont ... more
0 votes Share Flag Wed Feb 25, 2009 Market Conditions in 97229
Portland Real…, Real Estate Pro in Portland, OR
Portland Real Estate Cafe answered:
I am looking to open my own hair salon in Portland and would like any advice on the statistics of Portland's
Hi Lianna,

I can't help you with those statistics, but I've got a great listing in Sellwood that would be perfect for a salon. See the link below.
0 votes Share Flag Yesterday at 12:15pm Market Conditions in Portland
Voices Member,  in
Voices Member answered:
What is the current market value of a one-bedroom condominium unit in the Portland House at 45 Eastern Prom?
Wrong area question, this came to Portland Oregon.
Tom Inglesby, Broker
0 votes Share Flag Thu Jan 22, 2009 Market Conditions in Portland
Sara Lewis, Real Estate Pro in Portland, OR
Sara Lewis answered:
Interested in investment property in Portland. What is the rental vacancy rate,?
The rental vacancy rate is what percentage of the time a unit or the the unit (depending on the number of units) is vacant. A terrific occupancy rate is right around 95%. I think ther ... more
0 votes Share Flag Mon Apr 20, 2009 Market Conditions in Portland
Julie Fugate, Real Estate Pro in Lake Oswego, OR
Julie Fugate answered:
Are rental properties going up in value? I have a three unit building (3br 1 bath each) in the Cedar Hill
The property value itself isn't really going up, however the rent value is. The rental market right now is very strong and we are seeing some good rent rates across the area.

Julie ... more
0 votes Share Flag Thu Dec 11, 2008 Market Conditions in Portland
Tom Inglesby, Real Estate Pro in 97239
Tom Inglesby answered:
I want to downsize to a condo from my remodeled SW Portland home. Are houses a better investment than condos?
Keryn, In the past 3 years a condo was the best investment as investor drove the prices up and resold them before they closed ther first itme. As prices soared they have settled down a ... more
0 votes Share Flag Mon Nov 3, 2008 Market Conditions in Portland, OR
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
Our realtor discourages lowballs, yet there is a big difference between average list and sales prices. Why?
It is all over the map inferno.

Most are 1-3% off. Some are a lot more off.

I just negotiated a $379K home to sale for $372 K in 3 days and the other day I sold a $769 new custom ... more
0 votes Share Flag Mon Jul 13, 2009 Market Conditions in Sellwood-Moreland
Maria Morton, Real Estate Pro in 64113
Maria Morton answered:
What effect does zoning have on adjacent property values?
It is doubtful that the sellers will consider "discounting" the house just because the lot cannot be divided. You say that it is a residential property in a residential neighborhood wit ... more
0 votes Share Flag Wed Apr 30, 2014 Market Conditions in Hillsdale
Robyn Kimura…, Real Estate Pro in Seattle, WA
Robyn Kimura Hsu answered:
Is the South Waterfront area a risky investment? I heard there are many units that need to be sold but aren't
Are you looking for an investment or a home? If you're looking to purchase a place that you are going to be living in for a few years (at least), then now might be a good time to buy, ... more
0 votes Share Flag Thu Jul 24, 2008 Market Conditions in 97239
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
For quite a while there was a steady stream of Californians moving to Portland, OR for the simple reason that
Aaron...

You should know that a study was done by PSU and they found that 34% of the purchasers in the past housing boom were from California. They are out of the market and thos et ... more
0 votes Share Flag Tue Jun 17, 2008 Market Conditions in Portland, OR
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
Do you think the Pinnacle Condos in the Pearl will convert to apartments?
This is a good questions and the answer may be hard to know.

If the sales are not sufficient or if the ownership is in difficulty than the answer is likely yes. They appear to be al ... more
0 votes Share Flag Mon Jun 2, 2008 Market Conditions in Portland, OR
Ramon, Both Buyer and Seller in Portland, OR
Ramon answered:
Portland real estate prices have dropped 9% from their June 2007 peak. Is now a good time to buy?
I'd wait until we hit at least a 20-30% decline in prices before buying.
0 votes Share Flag Mon Jul 14, 2008 Market Conditions in 97214
Dirk Knudsen, Real Estate Pro in 97124
Dirk Knudsen answered:
What significant imacts would the development of affordable units have on the Pear District community?
There will never be affordable housing in the Pearl. Portland looks all politically correct on the surface but the Pearl fetaured the "rich getting richer" and tons of tax breaks to bo ... more
0 votes Share Flag Mon Jan 7, 2013 Market Conditions in Pearl
Brian Ramsay, Real Estate Pro in 97209
Brian Ramsay answered:
where do i find how long a house was on the market before it was sold?
You're Real Estate agent has that information available on the MLS.

Best of Luck,
Brian Ramsay
Realty Trust Group Inc,
Principal Broker
0 votes Share Flag Wed Jun 18, 2008 Market Conditions in Portland, OR
Brian Ramsay, Real Estate Pro in 97209
Brian Ramsay answered:
What new amenities, in the near future, will make the Pearl District an undeniable place to live?
Hi Jules,

The Pearl District already a pretty great urban environment, but just as you thought it couldn't get better...

The Deschutes Brewery opened last week and seems to be t ... more
0 votes Share Flag Wed May 21, 2008 Market Conditions in Pearl, Portland, OR
Shelly Caste…, Real Estate Pro in Portland, OR
Shelly Casteel answered:
I heard that the Portland OR area is just now feeling the burst of the bubble. What do you think of this?
According to March '08's Market Action report, Portland is still seeing appreciation. I personally am selling my listings within a month of them being placed active on the market. I ten ... more
0 votes Share Flag Fri Jun 27, 2008 Market Conditions in Portland, OR
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