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What's the real estate market like right now in Portland?

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CabalPowered Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-24-06 09:58 PM
Original message
What's the real estate market like right now in Portland?
I'm getting closer to moving back to Oregon and was hoping some PDXers could fill me in on the market. I'm looking for something downtown. Have the prices started to soften yet?
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Syncronaut Seven Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-24-06 11:33 PM
Response to Original message
1. Not much, but interestingly enough
I believe I'm seeing panic selling among Republicans, you know, the greedy ones! Gonna be interesting.
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-25-06 02:04 PM
Response to Reply #1
2. lol! you and me both
painting and doing some repair work in a rental right now... owner is DESPERATE to sell fast.

They are expecting to get $215,000 for a VERY SMALL 2 bdrm (more like 1 bdrm and a den) house with LOTS of issues (water damage, plumbing problems) in a neighborhood that I would be leery about moving to.

The market is still outrageous (up frickin 20% in the past year or so) but yes, I definitely feel a downturn in the market coming soon.
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CabalPowered Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-26-06 02:55 PM
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3. Thanks folks!
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grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:33 PM
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4. slowing slightly
The 3 BR house on the corner in a SE neighborhood just sold for $505,000. The buyer shoulda waited a couple more months.
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