Portland real estate enjoys the Best November Sales in 7 Years…

by John DeCosta, Keller Williams
We are always excited to pass along great real estate infromation.  The Daily Journal of Portland has released their November real estate results.

Wow, Portland is rebounding very nicely,   Take a peak the the report.  John D.

Portland recorded the best November for home sales in seven years, according to Regional Multiple Listing Service figures released Thursday.

There were 1,821 closed sales in November, a drop of 16.8 percent from October but the best November since 2006, when there were 2,163 home sales.

RMLS said the average sale price was $318,100, 13.9 percent more than one year ago. For the year to date, home prices are running 13.5 percent ahead of 2012 with just one month left to tally.

There were 1,976 new listings in November, 18 percent more than a year ago, and 1,827 pending sales, 5.6 percent more than a year ago.

Average prices by neighborhood in November:

• North Portland $276,700
• Northeast Portland $336,000
• Southeast Portland $280,900
• Gresham/Troutdale $250,500
• Milwaukie/Clackamas $296,400
• Oregon City/Canby $259,900
• Lake Oswego/West Linn $498,200
• West Portland $469,100
• Northwest Washington County $374,400
• Beaverton/Aloha $265,000
• Tigard/Wilsonville $315,900
• Hillsboro/Forest Grove $248,500