Portland Oregon Real Estate
is literally as hot as the summer weather we’ve been experiencing lately a home
prices are showing no signs of cooling off anytime soon.
With home prices as competitive
as they are right now, more buyers than ever before are turning their attention
to the suburbs in search of great home deals.
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Home for a Longer Commute to Work?
Would you move to a home in
Milwaukie, Oregon if you could buy a home which offered more square footage,
land and amenities than you might be able to find in Portland?
The common answer among
buyers who are searching for Portland Oregon Real Estate is yes because, even
though Milwaukie may be a smaller community, they can get a lot of home for
their money there and this is why Milwaukie and many other communities in the
area are becoming “hot spots” for Portland Oregon Real Estate.
Negative
Inventory?
Home buyers who aren’t
satisfied with looking outside of Portland right now are staying focused on
finding homes right here in town and demand for homes is also contributing to a
“negative inventory’ situation because the available inventory now may last
only 30 days or less.
One of the biggest reasons
for negative inventory in Portland is the difficulty that homeowners face with
finding new homes if they plan on selling so many owners are choosing to wait
to list their homes but when they do, they are getting multiple offers within
days of listing.
Pricing
Is an Art Form
Although we are seeing a
Real Estate market which is much like the “wild west” right now the reality is
that agents can’t overprice homes now because buyers are being more careful
than they were 10 years ago.
Yes a homeowner can
sometimes get 5 or 10 percent more money than the asking price on their home
but, their agent has to start out with pricing their home competitively based
on recent comparables before a buyer will want to submit an offer on the home.
Learn
More about Portland Oregon Real Estate
To learn more about what it
takes to successfully buy or sell a home during the 2015 Portland Oregon Real
Estate market CLICK HERE or call us today at 503-595-8800.