County Safest Neighborhoods
Home For Sale In Portland
Portland, Oregon is located in close proximity to the confluence of the Columbia and Willamette Rivers. Statistics indicate that the city occupies the 29th position in the list of the most populated cities in the country and is also the most populated city in the state. The city boasts of being the “greenest” city in the country for its environmentally friendly initiatives. Portland is the seat of the Multnomah County. The city falls within the region of the Marine West Coast climate that is characterized by dry but warm summers and temperate but rainy winters. This kind of a climate is ideal for growing roses and Portland is also referred to at times as “The City of Roses”.
The city boasts of a developed infrastructure and this is manifested through its land use planning. The transportation network has been boosted by the addition of the light rail that is supported by the Metro. There are a number of micro distilleries and microbreweries in the city as well. The location of the city makes it suitable for the development of several industries including international air terminals, large marine shipping facilities, East-West and North- South interstates, intercontinental railroads, comparatively low energy rates, and accessible resources work to its advantage when it comes to propelling its economy. A developed economy and infrastructure have made it the choice of many as a probable destination for a real estate investment. In fact, in one of the surveys conducted by a UK based firm, Portland, Oregon was rated as one of the best places to live in, 42nd in the world. The Forbes Magazine lists the city as the third safest US city to live.
The average listing price of properties in Portland, Oregon is $405,386 for the week ending on December 8, 2009. The median sales price of a home for sale in Portland was $247,500 from September 2009 through November 2009. These figures are based on the sale of 2,492 homes in the city. The price of per square foot in Portland was $192. There are certain neighborhoods that have an edge over others when it comes to real estate deals. These include Lents, Southwest Hills, Rose City Park, Northwest Heights, and Kenton. Of these, properties in Southwest Hills tend to be priced much higher than the rest of neighborhoods. The average listing price for properties in Southwest Hills was $927,838.
The real estate market in Portland did not remain immune to the effects of the recession. However, things are beginning to improve so now is the best time to purchase your new home in Portland, Oregon.
About the Author
Tony and Libby Kelly, MBA, M.Ed. comes highly recommended. They are ranked in the top 1% among the realtors in the Portland metro area. They are Diamond-Platinum members of the Portland Metropolitan Association of Realtors Million Dollar Club.
County Safest Neighborhoods
Neighborhood group appeals zoning board decision
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