Recent Home Sales in Portland, OR: 5/31-6/6
The number of homes that sold in Portland in the first week of June was significantly lower than the previous week. Final numbers are not yet in, so far 131 home sales have been recorded within Portland’s city limits. Most likely another 50 or so will be added for the week in the next couple of days as tardy listing agents catch up with their duties. Overall I am expecting sales numbers to come in 10-15% lower than a week ago.
Current pending home sales appear to be confirming the downward trend; for the week 119 homes went pending v.s. 150 for the previous week.
Southeast and West Portland/Raleigh Hills are on track to sell the most homes within the city limits for the week.
Here are the details for selected Portland home sales over the last week:
- John Ross Condo, unit 1902 sold for $158,000 or roughly half of what the original owner paid for it in 2007. This bank-owned studio loft, facing NW sold for less $/SQFT than any of the comparable units that were auctioned off in April. Click here for details.
- Starter home on a 0.1 acre lot in Burlingame sold for $183,000. This 2-bedrm home with a bonus room in the basement was originally priced at 299k. Click here for details.
- Civic Condo, unit 1502 sold for $260/SQFT. After more than a year on the market, this corner unit was re-listed by its new owner (the bank) and sold above asking price. Click here for details.
- Alberta Arts craftsman home at 5311 NE 18TH AVE sold for $346,900 after just six days on the market. Click here for details.
- Historic Victorian in NW Portland sold for 75k less than asking price. Click here for details.
