Warning: Use of undefined constant ddsg_language - assumed 'ddsg_language' (this will throw an Error in a future version of PHP) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/sitemap-generator/sitemap-generator.php on line 44

Warning: Cannot modify header information - headers already sent by (output started at /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/sitemap-generator/sitemap-generator.php:44) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/wp-super-cache/wp-cache-phase2.php on line 1197
Portland home values down 2.2 percent
Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/ultimate-google-analytics/ultimate_ga.php on line 524

Portland home values down 2.2 percent

March 7, 2012 by · Leave a Comment
Filed under: Real Estate News 

Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/ultimate-google-analytics/ultimate_ga.php on line 524

Interesting fact that just a tad bit over 20% of the Portland, Oregon real estate market is made of up Real Estate Owned properties.   Real estate prices overall are down around a third from the 2007 peak.

Business Journal (Portland) – Portland area home prices lost 2.2 percent in value over the year that ended in February, mirroring a national trend that a California data researcher finds compelling.

While local and national prices remain one-third below the 2007 peak, the modest declines of 2011 came against rising foreclosure rates. That signals the market could be stabilizing, Clear Capital , a Truckee, Calif.-based data research firm, said Tuesday.

Clear Capital found Portland area home values fell an average of 2.4 percent on a year-to-year comparison but were actually up a modest 0.2 percent compared to the prior quarter. According to the most recent data from the Regional Multiple Listings Service, the average sale price of a Portland home was $249,100 in January.

Source (Click to Continue Reading)

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!



Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/ultimate-google-analytics/ultimate_ga.php on line 524

Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /nfs/c01/h08/mnt/12575/domains/bankreorealestate.com/html/wp-content/plugins/ultimate-google-analytics/ultimate_ga.php on line 524