Neighborhoods to Buy Where Prices are Dropping
/1. St. Johns/Portsmouth, Portland
In the 97203 ZIP code, there were 150 sales. Homes spent an average of 22 days on the market, and the median sale price was $378,125, down 0.5 percent from $380,000 a year earlier.
Foster-Powell/Woodstock, Portland
In the 97206 ZIP code, there were 254 sales. Homes spent an average of 23 days on the market, and the median sale price was $399,000, down 0.7 percent from $402,000 a year earlier.
Central Beaverton
In the 97005 ZIP code, there were 83 sales. Homes spent an average of 18 days on the market, and the median sales price was $345,000, down 1.4 percent from $350,000 a year earlier.
Sellwood-Moreland/Richmond, Portland
In the 97202 ZIP code, there were 170 sales. Homes spent an average of 27 days on the market, and the median sale price was $525,500, down 10.2 percent from $585,000 a year earlier.
A few neighborhoods around Portland are cooling off, and now through the winter is a great time to get a deal! Values aren't dropping drastically, but the market has cooled off after a hot spring. What do you think of these neighborhoods?