North east Portland experienced depreciation in August of -8.5% just a bit higher than Julys -7.5%. Close-in, established neighborhoods continue to see higher demand than the more outlying areas throughout the Portland metro area and are experiencing lower depreciation rates. Appreciation rates are calculated for a 12 month period and are tabulated by RMLS, our regions multiple listing service. The average sales price for August was $278,100 down from Julys $280,500. Year to date average sale price was $290,800 and the median sales price came in at $255,000. The average time it took to market a home in NE Portland was 76 days.
ZIP Codes: 97211, 97212, 97213, 97218, 97220, 97230, 97232 Approximate Location Boundaries: NE Portland
Location Characteristics: NE Portland is mostly established neighborhoods with its unique and vintage style homes like craftsman, old Portland, Victorian and English architecture. Many have been restored and revitalized but many more are awaiting their restoration.
About Kevin Begemann:
I am Kevin Begemann, a real estate professional for Oregon. I have 7 years of experience in real estate. I know what it takes to provide you with the highest level of service for the buying and/or selling of your largest financial asset.
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