Wednesday, September 16, 2009

August Median Sale Prices for Portland Neighborhoods


North Portland: July- $234,500; August- $231,000- down $3,500
NE Portland: July- $244,000; August $249,900- up $5,900
SE Portland: July- $215,800; $211,000- down $4,800
West Portland: July- $363,300; August $327,500- down $35,800
Lake Oswego/West Linn: July- $355,000; August $405,000- up $50,000
Milwaukie/Gladstone/Boring/Clackamas/Estacada:July- $275,000; August- $262,500- down $12,500
North, NE, and SE saw little change from July to August, but West Portland and the swanky suburbs of West Linn and Lake Oswego saw huge differences. West Portland's median sale price dropped over $35,000, which is not good for this urban area. The exciting upside of this months numbers is West Linn and Lake Oswego, which rose a whopping $50,000. Prices overall may continue to fall, but it is always nice to see such a dramatic increase.

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