<Tom says real estate in Oregon is still rising [or at least hasn't declined?]>
Thursday, October 25, 2007
Current RMLS Appreciation Rates for Portland
There are no areas of Portland or the suburbs that are experiencing double-digit appreciation. This is not a surprise, really, considering the real estate market has cooled from very hot status.
Here are the current 2007 appreciation rates, listed from highest to lowest:
Rate - Area
9.8% - Portland
9.7% - Gresham, Troutdale
9.5% - Hillsboro, Forest Grove
8.8% - North Portland
6.7% - Northeast Portland
5.1% - Oregon City, Canby
4.6% - Tigard, Tualatin, Sherwood, Wilsonville
3.7% - Lake Oswego, West Linn
3.6% - Beaverton, Aloha
2.8% - West Portland
1.8% - Northwest Washington County
1.6% - Milwaukie, Clackamas, Happy Valley, Damascus
Per the RMLS, appreciation percents are based upon a comparison of average price for the last 12 months with the 12 months before.
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