I want us to take one more look back at the housing market in 2016 - this time focusing in a little bit more on how the market behaved here on the East Side and how that affects your real estate goals in 2017.
Today, we’re going to focus on the top 5 areas here on the east side as determined by the number of homes sold, and how quickly they sold once they hit the market.
First, here are the top 5 areas as determined by homes sold...
Where The Most Homes Sold
1. Oregon City / Happy Valley - 1,027
2. Foster / Powell - 975
3. Gresham - 809
4. Happy Valley - 654
5. Arbor Lodge / Kenton - 647
…and here are the top 5 areas as determined by how quickly they sold...
Where The Homes Sold Fastest
1. Hawthorne / North Tabor - 18 days
2. North Tabor / Hollywood - 24 days
3. Parkrose / Sumner - 25 days
4. Lads Addition / Hawthorne - 26 Days
5. Milwaukie - 26 Days
(Source: Portland Business Journal)
What stands out to me with these lists is the fact that while homes in the inner eastside areas are moving extremely quickly... with areas like Hawthorne and north tabor moving twice as quickly as the homes in the greater metro area on average... homes are also moving in the suburbs! Lots of them!
If you’ve been thinking about buying or selling real estate this year, now is when you’re going to want to start the planning process. Don’t hesitate to reach out!
Julie Lais, LIC OR RE Broker
Premiere Property Group, LLC