Today we’re going to take a look at the top 10 hottest neighborhoods on the east side (of the Portland Metro Area) in the first quarter of 2017 - as determined by how quickly homes sold.
The statistic that tracks this is called “Days on Market”. This is the number of days between the day the property is listed to the day that the property goes under contract on an accepted offer.
As we go through the list, keep in mind that the average for all homes large or small in our entire market is 59 days...
OK, let’s see if your neighborhood made the cut!
• 9. Rockwood: 45
• 9. Sellwood / Eastmoreland: 45
• 8. Foster / Powell: 42
• 7. Montavilla / Hazelwood: 41
• 5. Troutdale: 37
• 5. Cully: 37
• 3. St Johns: 35
• 3. Hawthorne / North Tabor: 35
• 2. Ladd’s Addition/Hawthorn: 34
• 1. North Tabor/Hollywood: 33 days on market
Buyers, if you’re looking to get into one of these hot neighborhoods, let’s chat about a few of the things that we can do to help your offer standout above the rest.
Sellers, whether your neighborhood made the list or not and if you're looking to make a move this year, let’s chat about what we can do to not only take advantage of this fast paced market - but to to also make sure that you can maximize the money you end up putting in your pocket.
As always I'm just a phone call text message or email away reach out and let's chat.
Julie Lais, LIC OR RE Broker
Premiere Property Group, LLC