Portlands Hottest Neighborhoods Where To Buy Now

Dated: May 7 2014

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For the past three years, Portland Monthly has been cautiously optimistic (at best) about our city’s slow-simmering real estate market. But 2013 saw a surge of good news. Home buying is up—way up. 

Almost half of our neighborhoods have returned to the median home prices they enjoyed five years ago. In many places, crime is down. Rosy outlooks abound. Indeed, a whopping 73 percent of people who took our reader survey think it’s a good time to buy—and to sell—a home.
In light of this citywide burst of confidence, we’re highlighting five Portland hoods that illustrate the promise of a new era in real estate.

BEST FOR: FIRST-TIME BUYERS

PORTSMOUTH (NORTH) Few neighborhoods saw more activity than Portsmouth last year. The average home in this almost exclusively residential patch of land north of Lombard Street was built in 1959, during a postwar frenzy that stocked the area with relatively small houses. Such homes are within the reach of our growing population of young singles and couples (61 percent of Portsmouth residents are single or unmarried). While Portsmouth doesn’t contain much commercial development (there’s a Taco Bell!), close proximity to the increasingly vibrant (and more expensive) Cathedral Park/St. Johns and Kenton more than make up for the lack. Indeed, the neighborhood’s prime location has spurred a sharp drop in median age (31). Eminently walkable (with or without strollers), Portsmouth packs in four parks, including one of Portland’s largest greenspaces, the 35-acre Columbia Park.

SNAPSHOT: 168 homes sold in 2013; $227,050 median price; $57,050 one-year increase 
ALSO CHECK OUT: Cathedral Park (N), Brentwood-Darlington (SE) Read More Here...
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Mark Ross

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 30 years in the industry, Mark has gained experience in ....

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