4 ms·
Can confirm. I both recently sold my home, and used to be a licensed real estate appraiser before switching to Software Dev. Our house in the not-super-desirab
by joebubna 9y ago
Can confirm. I both recently sold my home, and used to be a licensed real estate appraiser before switching to Software Dev.
Our house in the not-super-desirable area of NE Portland was worth ~$265k when we looked at the data in late February/March of this year (strong data supporting that number). When we finally put it on the market in the beginning of May, it sold in 1 day, with multiple offers, for a sales price of $312k.
Yes, that's a $47k increase in value in just over 2 months. When spring hit, real estate prices went bonkers in Portland this year. Also, we bought the house for $160k ~five years ago.
- rcoder 9y agoWe bought a small one-bedroom condo in downtown PDX for my brother to live in ~3 years ago b/c it seemed like a better investment than random stocks/ETFs. He lived there for a year, and we rented it part-time for another four months. Purchase price was $145k. Sale price (after only 16 months) was $190k. We used to proceeds from that sale to buy a two-bedroom house for my parents move into for their retirement. Paid $250k last October; recent sales in the neighborhood suggest it's worth $310-325k now. So yeah, agreed re: bonkers Portland housing price inflation.
- conanbatt 9y agoNot inflation, demand shock. Inflation is generalized increase in prices. Im sure beers and miso-fries have barely changed prices if at all.
- dawnerd 9y agoMy house is alrfull day worth almost 100k more only 6 months later. It’s crazy. Beaverton and Hillsboro are really seeing pricing skyrocket.