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Old Mar 2nd, 2003, 12:40 PM
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owl
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Moving to Portland!

Hello! We're moving to Portland and will be looking for a house very soon. We're thinking about a $450,000-600,000 older house in a warm, kid-friendly neighborhood on the eastside (where my job is located). Do you have any suggestions? Although we don't know where my husband will work yet, he's in the tech industry and being close to the light rail might be a plus.

Do you have a sense for how the real estate market is doing in Portland?
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Old Mar 2nd, 2003, 12:43 PM
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Wow, that is great! Which Portland are you speaking of? Oregon or Maine?
Good luck, you must be excited. I always liked moving
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Old Mar 2nd, 2003, 01:01 PM
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Thanks! Oregon!
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Old Mar 2nd, 2003, 01:10 PM
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You will have plenty of choices in your price range. The Hasson real estate company will probably have the best selection of older homes--look at www.hasson.com
Two other real estate companies to check are www.windermere.com and www.johnlscott.com
Those three cover more than 90% of the Portland home market.
I was just talking about the market with a friend in Vancouver, WA (just over the Columbia river). He says there are plenty of houses available and due to the bad local economy, prices are not much higher than they were a few years ago.
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Old Mar 2nd, 2003, 02:59 PM
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BTilke, prices may not be much higher but are still higher than a few years ago - the real estate market may have slowed in Portland from 2000 but it is not exactly slumping. Despite the worst economy in the US (7.4% unemployment, about 2% higher than the national average), people are still snapping up homes here, as elsewhere, due to low interest rates.

Owl, Irvington might be the neighborhood for you. It's in NE Portland and has a lot of classic old houses. Near Lloyd Center and a MAX (light rail) station. Not sure how "kid friendly" it is though - I know nothing about the schools here except that they are supposedly going downhill because of Oregon's horrible budget crisis.

Don't count out bus service. You might consider other neighborhoods like Sellwood and East Moreland, which have decent bus service. Richmond and Sunnyside (where I live, off Hawthorne Blvd) have nice offerings too and great bus service. Ladd's Addition is very unique - built around a couple of circles, a nightmare to drive in, lovely for walking. There are some very nice neighborhoods in SE like this. I shouldn't forget Laurelhurst in NE Portland - one of Portland's oldest upscale neighborhoods, not far from a MAX station. You'll just have to look at all of these when you get here.

Andrew

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Old Mar 3rd, 2003, 02:00 PM
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Thanks for your help. It looks like houses in the higher end of the range are more of a bargain right now. Any other thoughts would be great!
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Old Mar 5th, 2003, 05:10 PM
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Welcome. I don't think you'll have any problem finding a great home in that range. The previous responses are right on; I just wanted to add Alameda, which is a close in neighborhood with some great new restaurants and shopping.
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