Where to Buy and Sell in Portland, Oregon

Obviously, there are good deals and bad deals in every area of the city. However, there are clearly parts of the Portland Metro area where home values are declining and there are other parts where significant appreciation is still occurring.

It goes without saying that purchasing real estate where values have declined does not necessarily mean that the value for said property will immediately begin to appreciate and will not continue to decline nor does attempting to sell a home in a sector of the city that is currently increasing in value guarantee that a profit will be made on a transaction in that area. There is an element of risk in either case. However, by watching market trends and understanding that there are several "micro-markets" within the Portland area, you will be better equipped to make a wise decision regarding any given sale or purchase (this may include deciding not to participate at all for a while).

According to the latest Market Action Report from RMLS, the year-to-date statistics through September for the primary "micro-markets" in the city are as follows:

141 - North Portland - (+2%)
142 - NE Portland - (+2.1%)
143 - SE Portland - (-1.5%)
144 - Gresham/Troutdale - (-5%)
145 - Milw/Clackamas - (-6.7%)
146 - Ore City/Canby - (-3.7%)
147 - L.O. / West Linn - (+5.4%)
148 - West Portland - (+6.8%)
149 - NW Wash. Co. - (+0.4%)
150 - Beaverton/Aloha - (-3.8%)
151 - Tigard/Wilsonville - (-3.8%)
152 - Hillsboro/F. Grove - (-4.1%)

There are several smaller "micro-markets" within the aforementioned areas. For example, neighborhoods within....PLEASE GO TO www.metromarketnews.com to read the rest of this article!