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Hey Portland! We're Different...
We're different and we know it. You won’t find us running with the pack or playing by the rules. They may call us ‘scenesters’, but that’s just not who we are. Flying below the radar smacks of our autonomous Pdx spirit, so is it any wonder that the current state of our local real estate market is still such a secret? While much of the nation is experiencing a slow down in the housing market, our town is still thriving! We’re a sparkling example of an independent community with priorities that define us as caring, supportive and locally involved. And it’s paying huge dividends…. ~ We’ve seen an 8.9% gain in the median sale price for the second quarter of 2007 as compared to the same period in 2006, far outdistancing the national average of just 1.8%. Who else can say that? ~ Industry experts say that steady job growth, a inflow of newcomers, and fewer sub-prime mortgages made to high-risk buyers have helped bolster our home values and have led to a delinquency rate of only half the national average. ~ Growth constraints in our Oregon land use planning system is one of the reasons we're faring so much better. Our thoughtful perspective on development has impeded the unchecked over-building so prevalent in other housing markets. We protect our exquisite surroundings. ~ We have a nearly balanced buyer and seller market as defined by the national industry standards (NAR) with a 5+ month supply of inventory. We have something for everyone.
Downtown Pdx This really is the perfect time to buy… If you’re even considering making a home purchase, you have an abundance of properties to choose from with interest rates that are very affordable. If you have good credit, cash reserves and a plan to hold on to your property for a few years - and why not? You love it here, right?
- then you should be taking advantage right now while the market is still hot.
Portland real estate is an excellent investment!
Sellers... You still have an advantage… If you've built equity in your home and if you price your property realistically, you can take advantage of our recent 12-day decrease in average days on market. The imports love our low-key, open-minded attitude, and they’re pouncing on our properties. This is an excellent time to sell! Resources: PSU Center for Real Estate, RMLS and Oregonian |
Jennifer Bukaty's Blog
Lawless Portland
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