The 2017 real estate market in Portland, Oregon is taking off like a rocket ship after a winter delay. While the hot market is great for owners and sellers it begs the question. Can you get a good deal in Portland?
See this report for cash sales and properties offered for cash only purchases. The Cash only terms are typically reserved for value add or fixer properties.
Active: Units: 43, Price per sqft = $177
Pending: Units:51, Price per sqft = $182
Sold in last 3 months: Units:95, Price per sqft = $147
Median Days on Market: 23
Median sales price $212,000
Median Sale price to List Price ratio = 2% above list price
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.