For Buyers currently looking to buy a home in the Portland Metro real estate market, there are a few things to consider:
- The First Time Buyer Market, and
- What Move-Up Buyers Want
The First Time Buyer Market
In the Portland Metro real estate market the general rule of thumb is the first time buyer real estate market is in the price range of homes for sale of: $0-$250,000. Any property priced around $250,000 and BELOW will be where the vast majority of first time home buyers will be starting their search. Above that, to a degree, the market thins out with first time buyers and will being to see the MOVE UP BUYER MARKET!
Related Link: Homes of the Week What $650,000 Buys Around the Nation
The Move-up Buyer
A Move-up Buyer is already a home owner. They may have bought years ago and either want to sell their current home and move-up for the following reasons:
- Want a larger home
- Want to buy a home that is in a better location
- Want to use the proceeds of their equity sell to pay down on a higher priced home
The Move-up Buyer may, very well, be looking at homes that are in the %650,000 price range. They may own their home outright, or can pull cash out.
With current interest rate hovering at 3.5% a $650,000 home purchase with $200,000 down payment will have a monthly payment of approximately
What $650,000 Buys in the Portland Metro Real Estate MarketHomes of the Week for Sale at $650,000 in Portland
See all Real estate in the city of Portland.
(all data current as of 3/6/2015)
$649,000 : 10136 NW Skyline Heights DR, Portland4 beds, 2 full, 1 part baths
$649,000 : 804 NE 107th PL, Portland4 beds, 3 full baths
$649,900 : 817 NE Prescott ST, Portland5 beds, 2 full, 1 part baths
$649,900 : 3815 SE Knapp ST, Portland4 beds, 2 full, 1 part baths
$650,000 : 1822 SE Mountain View DR, Portland4 beds, 2 full, 1 part baths
$649,900 : 14695 NW West Union RD, Portland5 beds, 3 full baths
$649,900 : 2909 NE Fremont ST, Portland3 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
What $650,000 Buys in the Portland Metro Real Estate MarketHomes of the Week for Sale at $650,000 in Beaverton
See all Real estate in the city of Beaverton.
(all data current as of 3/6/2015)
$614,999 : 4125 SW 96th AVE, Beaverton5 beds, 3 full, 1 part baths
$619,950 : 16575 SW Emerald View ST, Beaverton3 beds, 3 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.Homes of the Week for Sale at $650,000 in Lake Oswego
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Buyers Agent Portland – Buyer Focused ~~ Buyer Results
Buyers Agent Portland, LLC is an Exclusive Buyer Agency serving the Portland Metro real estate market since 1999. The brokerage only represents Home Buyers and never home sellers. If you’re looking for a home anywhere in the Portland Metro area, there is no better representation than an Exclusive Buyers Agent. We assist investors, folks relocating to Portland area, those moving to Portland in-state, home buyers who are looking to down-size or move-up and of course . . . love working with first-time buyers. I help Buyers in the Portland Metro market find exactly what they need in the Tri-County markets of Clackamas County, Multnomah County and Washington County, as well Portland cities including but not limited to:
- Beaverton homes for sale
- Tigard homes for sale
- Hillsboro homes for sale
- Lake Oswego homes for sale
- Portland homes for sale
When you’re ready, talk to an Exclusive Buyers Agent.
Exclusive Buyers Agents do not work at real estate brokerages that take listings!
An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.
Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor
Buyers Agent Portland LLC
Buyers Agent Portland ~~ 100% BUYER REPRESENTATION . . . 100% of the Time
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