Recent Home Sales in Portland For July

Posted on 07/23/10 12:12 PM

The number of homes that sold in Portland in the first half of July was significantly lower than the volume for the first half of June. Between 07/01 and 07/15 some 230 homes sold in the city of Portland, almost 100 less than during the same period a month ago.  Most likely that number will be revised upward in the coming days as tardy listing agents catch up with their duties. Nonetheless, July’s numbers will almost certainly fall short of June’s.

The median sales price for homes that sold within Portland’s city limits in the first half of July is $254,000.  Roughly thirty homes sold for 500k or more, and only a single home sold for more than a million dollars. Northeast Portland’s 97211 zip code is on track to record the highest number of sales for the month, followed by 97206 and 97219.

Banks unloaded 35 homes (or 15% of the sold inventory), exceeding the number of short sales, which came in at 20 – so far.

Here are the details for selected Portland home sales that occurred in the first half of July, 2010:

  • 6133 NE 9TH AVE sold for $128,500.  This is a 1,000 SQFT home with 2-bedrooms located in NE Portland, just around the corner from a Safeway and other useful amenities. Not a bad set up for a rental at that price. The seller made several attempts to sell the property as far back as 2005, pricing it in the 200s. The bank took over in late ’09. Click here for details.
  • 4215 SE 28TH AVE sold for $244,900. You don’t often see a 4-bedroom home in good condition this close-in sell at that price.  Not surprisingly this one barely lasted a week on the market and sold at full price. Click here for details.
  • 3405 SW 10TH AVE sold for $242,500. Located less than 500 feet from OHSU, this 4-bedroom home is going to make a nice little rental for its new owner. Click here for details.
  • 5825 SE 21ST AVE sold for $370,000. This is a 3-bed, move-in ready home in a neighborhood, where the median sales price is above 400k. Sold within a week. Click here for details.
  • 2211 NW RAMSEY DR. This is what a million-dollar home in Portland looks like. Sold for 200k less than asking price at $1.1M. Located in Portland’s NW Hills on almost 1 acre of land.Click here for details.

All links are good thru 8/5. Contact me for more info.