Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
A Bigger Portland Is On Its Way And Heres What It Will Look Like
Dated: May 7 2014
It's taller, shinier, pointier (or boxier), denser, busier, greener, and more ambitious (or, sometimes, just greedier). Get ready.
Drive, bike, bus, or stroll along almost any of Portland’s major streets, and you’ll find a building under construction.
Or so it seems. Statistically, the city is in the midst of a significant building boom: according to one report, 5,200 new residential units came on the market in late 2012 and 2013, with another 5,000 scheduled to appear by the end of 2014.
No, the go-go early 2000s haven’t quite returned: construction permits remain half of what they were back in the last boom time. Yet the sheer number of lots (often newly scraped of small houses and buildings) sprouting five- and six-story apartments is still breathtaking.
Stop and inhale—there’s more to come. As revitalized market forces bring visions of Portland hatched long ago into reality, we’re also seeing taller buildings, more ambitious architecture (sometimes), and even whole neighborhoods reimagined. (Quick: where’s the “Jade District”?)
“It’s turning out sort of as planned,” says retired Portland planner Michael Harrison, who helped write the city’s last blueprints for growth in the 1980s. Back then, motivated by the ’70s energy crisis and Oregon’s love for preserving farmland, Portland committed to dense development. Over the years, the city doubled down on the idea that density = urban goodness, making way for more apartments, condos, and houses—with less parking. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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