Portland Oregon Real Estate

Portland is a city located in the Northwestern United States, near the confluence of the Willamette and Columbia rivers in the state of Oregon. As per the recent reports the estimated population in the area is around 575,930, making it one of the most populated part in the country. It has been referred to as the most environment friendly city in the USA and the 2nd most in the world. The city extends partly to Washington County to the west and Clackamas County to the south. Portland lies in the Marine west coast climate region with warm, dry summers and rainy but temperate winters. This is climate is ideal for roses to grow. Portland has been named as the “City of Roses” because of its rose gardens.

Portland is a place of parks and sprawling gardens. It is famous for its ecologically valuable natural areas, fish, wildlife and people. There is a large scale development in each metropolitan area in Oregon. This limits access to utilities such as sewage, water and telecommunications, as well as coverage by fire, police and schools. A law mandated is that the city must maintain enough land within the boundary to provide an estimated 20 years of growth. The growth boundary, along with efforts of the PDC to create economic development zones, has led to the development of a large portion of downtown, a large number of mid- and high-rise developments, an overall increase in housing and business density, and an increase in average house prices.

As the place is on of the most populous places in the USA, people most often try to own houses in this part of the world. There are currently 4509 resale and new homes in Portland including around 27 open houses as well as 3110 homes in the pre foreclosure. The average listing price of homes for sale in Portland is about $417,900 as per recent statistics, which reflects an increase of 0.9%. The popular surroundings of Portland have a average listing price of around $878700 to $663900. The average rate per square feet is around $191, a decrease of 11.6% which is quite obvious due to the market conditions. The median sale price for homes in Portland is about $255,500 on 2050 home sales. Another important statistics which has to be taken while considering buying a home in Portland is the crime rate which is up to almost 6%.

Beaverton which is also a part of Oregon is showing a little upward trend in its real estate sector. As per the recent survey there are currently about 870 homes for sale in Beaverton including open houses as well as about 660 homes for foreclosure. The average listing prices of homes for sale in Beaverton is $311,030, which represents an increase of 1.1%. The neighborhood property pricing is also around $468,000 to $387,360. The average per square feet price is around $146, a decrease of 14.6%. The median sales price for homes in Beaverton is around $235,000. The median home sale prices have dropped by 8.8% but the sales have increased by 4%.