Suburbs Dominate Portlands 25 Hottest Neighborhoods

Dated: October 23 2014

Views: 498

Portland: America's dense, urban bastion of well-planned neighborhoods and walkability. Or so we thought.

The Business Journal, with help from Regional Multiple Listing Service, gathered home sales data for the greater Portland metropolitan area for 2014's third quarter. The results paint a picture with more white-picket fences than fixie bicycles.

The year's neck-breaking pace of home sales continued in Q3 as the region witnessed 7,933 total home sales, an increase over the brisk second quarter's 7,593.

Of the 25 neighborhoods (the data is actually divided by ZIP code, which we have, to the best of our abilities, assigned identifiable neighborhoods for), only 10 fall inside the city of Portland's boundaries.While there was little change at the top — the six neighborhoods with the most sales maintained their rankings from the second quarter — there was a lot of shuffling amongst the rest of the top 25. The top 25 accounted for nearly 60 percent of all home sales in the third quarter, while a total of 98 local ZIPs recorded at least one home sale.
Click here to see the Top 25 Hottest Neighborhoods countdown...
Click through the gallery above to see where your neighborhood/ZIP code ranks. Chances are that if your neighborhood is near the top, home values near your house are on the rise. Later this week we'll examine the neighborhoods that had the highest average home sale price as well as 'hoods with the lowest average days that homes remained on the market.
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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 25+ years in the industry, Mark has gained experience in....

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