Portland Real Estate News – June ’15

The Famous Portland Sign

Welcome to a sizzling summer. The Portland real estate market is hot, hot, hot! We are experiencing an active market with home prices soaring by 3%-16% depending on your area of town. According to Trulia.com, the median sales price for homes in Portland has increased to $330,000 based on 2,834 homes sales from February to May.

According to data pulled from Redfin, the Portland’s East Side is home to some of the hottest neighborhoods in Portland. Historically low property values have kept East Side home prices comparatively low. But with the shortage of inventory, homes in this area are in high demand.

Top Five East Side Neighborhoods:

  1. Brentwood-Darlington
  2. Montavilla
  3. Powellhurst-Gilbert
  4. Brentwood
  5. Hazelwood

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