January 2007 Portland Home Appreciation Report
Metro Portland Area |
Current Avg Price | Avg Mkt Days | Avg Appreciation |
| North Portland | $255800 | 60 | 16.4% |
| NE Portland | $284200 | 59 | 14.4% |
| SE Portland | $261800 | 56 | 16.2% |
| Gresham / Troutdale | $293700 | 78 | 15.7% |
| Milwaukie / Clackamas | $368200 | 84 | 19.8% |
| Oregon City / Canby | $317300 | 58 | 14.4% |
| Lake Oswego / West Linn | $586100 | 69 | 15.3% |
| West Portland | $390800 | 61 | 8.9% |
| NW Portland / Washington County | $329500 | 67 | 8.6% |
| Beaverton / Aloha | $282300 | 58 | 11.6% |
| Tigard / Wilsonville | $371700 | 65 | 8.2% |
| Hillsboro / Forest Grove | $313600 | 64 | 15.6% |
Data: January 31, 2007
Source: RMLS Area Report Metro Portland & Adjacent Regions
Dave’s Commentary on the Portland Real Estate Market:
The Portland real estate market started off with a cautious tone at the beginning of 2007. We’re still seeing some healthy appreciation of 16% overall. The actual closed and pending sales actually went down as compared to last year of the same period. This signifies that our property market is hot, but it’s unlikely to be as hot as the previous two years. Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.
In January 2007, the number of closed saled decreased by 9.4% and pending sales fell by 2.2%. These numbers are still within a resonable tolerance level given the slower winter months.
From the encouraging results in January, wWe estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 11% to 12% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.
To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.
Learn about our Exclusive VIP Portland Buyer Services. Contact Dave now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.
Relocating to Portland, Oregon? Let us help with your Portland Relocation.
Call us at 503-805-5173 (cell) or email us to see how we can help you with your Portland home buying and selling needs.
