Data published by the Regional Multiple Listing Service (RMLS) for this past quarter shows what are the top 25 neighborhoods to reside in here in the Portland area.
RMLS statistics show that many homes in these Portland communities that made the list took just under a week to sell during the second quarter of this year. Homes sold a lot quicker in less attractive neighborhoods that didn’t make the list this quarter as well. The houses in those communities sold in as little as two weeks.
Both Beaverton and Aloha tied for first place as the “Hottest Neighborhoods” in the Portland metro area. This largely had to do with the fact that homes sold on an average of five days in those two Oregon communities.
Two neighborhoods, Gresham and Hillsboro/Rockcreek tied for second place. Homes in both of those communities sold, on average, six days after having been placed on the market.
Eight neighborhoods tied for third place as the hottest communities in the Portland metro area. The cities that took this spot included Milwaukie, Cully, Clackamas, Beaverton/Aloha, North Tabor/Hollywood, Tigard/Metzger, Northwest (N.W.) Vancouver/Rose Village, Washington, Ladd’s Addition/Hawthorne, Oak Grove/Oatfield and Mount (Mt.) Tabor. Homes in those cities remained on the market for as little as seven days.
Homes in the communities that made the top 25 list all sold in 10 days or less.
The list’s creators note that the short listing-to-sales turnaround is indicative of how the real estate market in Portland is more appealing and desirable this year than last.
If you’ve identified a home that you’re looking to purchase in the area, and you’d like someone to guide you through the closing process, then an experienced attorney can provide you with the guidance that you need to make sure the appropriate steps are taken.