By Katie Bain
Thanks to recent data from Redfin we know that the 2015 Portland Real Estate Market is heating up, especially on Portland’s East Side.
During the last 3 months we’ve seen more than 80 homes sold in Darlington and Brentwood, and it’s easy to see why since historically home values there have been lower over the years than they have been in other areas of Portland
Another factor that’s been driving up home prices in Portland’s East Side is a shortage of single family homes across town, and this has made the East Side more ideal than in years past.
More People Choosing Portland
Thanks to the growth of businesses in Portland, and across Oregon, we’re seeing a shortage of homes for sale, especially a shortage of large parcels which can be used for building multifamily units, or single family homes.
The demand for homes in Portland, especially in the Beaumont-Wilshire areas, has been driving up home prices, and the average home is lasting on the market for about 10 days before it’s sold.
2015 Portland Real Estate Market Trends
Across Portland we’re seeing homes sell quicker, especially the closer they are to the water since more buyers want quick water from their homes or just nice views.
One interesting statistic about the 2015 Portland Real Estate Market is that the average home in Portland receives about 2 offers while the average home in the well-known Brentwood-Darling area will receive up to 4.8 offers.
Sell Your Portland Home
If you’ve been thinking about selling your Portland Oregon home during 2015 contact me, Katie Bain, Realtor ® with EquityPoint Real Estate by calling me at (503) 595-8800 or click here to contact me through my website.