Portland, WA—February 7, 2017—Today, real estate experts at Portfolio Properties announced the release of their latest, highest-volume listing of Portland-area real estate.
They have made more than 3,000 new listings available, and the listings are just the tip of the iceberg.
In addition to these new listings, Portfolio also updated their Portland-based real estate database with a new listing for the new condo development at 621 NW 28th Ave.
They also added more listings in other Portland-oriented markets like Bellingham, Seattle, and Eugene.
The company’s real estate listings are a good indicator of real estate prices.
They don’t include any hidden fees like they did in previous years.
They are listed at market value, with prices ranging from $1,600 to over $6,000 per square foot.
For comparison, the median listing price for a two-bedroom in Seattle is $1.1 million, while the median sale price for one-bedroom condos in Portland is $2.5 million.
For Portland, the city’s highest-valued condo at over $5 million is at the 454-unit Ritz-Carlton, which includes the former Portland Hotel and is currently undergoing renovations.
The Real Estate Board of Greater Portland, which is responsible for the real-estate listings, noted that Portland’s recent price surge has been due to a number of factors, including strong demand for apartments, rising wages, and rising housing costs.
Portland’s unemployment rate is below 7 percent and has stayed flat since last June, according to the Portland Census Bureau.
The Portland Real Estate Association also noted that the number of units that are under contract is on the rise, with the number averaging 4,500 per month since January.
The median rent for a unit in Portland at this time is $5,400, according the Real Estate Council of Oregon.
The vacancy rate for units in Portland has been below 4 percent for years.
In 2018, the number is just over 5 percent.
Portland, like many other metro areas, has seen the rise of the tech sector and its impact on rental prices.
Portland has seen a large increase in new construction, and there has also been a strong economic upturn in the city, with a jobless rate falling from 7.7 percent in March to 5.8 percent in April.
In order to maintain a competitive rental market, Portland has launched a new Real Estate Tax Credit program.
Under the program, the tax credits range from $50 to $300 for apartments to $100 for single-family homes.
It is also important to note that while the Tax Credits are intended to be a credit, they can be applied to real estate as well.
For example, the Portland Housing Tax Credit can be used to buy a two bedroom apartment in Portland for less than $2,000.
The Tax Credit is a rebate that will help people in Portland afford housing.
The real estate listing for Portland’s new condo building, which will include two floors of condominiums, is on view now on the Portfolio website.
The building is expected to open by the end of 2017, and a detailed map of the building is available on the Real estate Board of Portland website.
For more information about real estate markets in Portland and Seattle, visit the Realestate Board of Seattle.