You’ve heard by now how fast interest rates are rising. From the thick of it, I can tell you that, yes, buyer traffic is slowing down because of it. If you’re a buyer, you may feel like the homes within your new budget are all of a sudden less “desirable”. But I must say, even though we still have extremely tight inventory, about a quarter of the homes I’m seeing on the market are going through a price reduction right now. Take heart! For the savvy buyer, there is still a lot to be gained.
Remember that interest rates fluctuate, and what we experienced in the last two years was anything but normal. This sharp increase in rates may have you reeling, but overall this will contribute to more stability and predictability to the market we all could use.
I empathize with you — no one likes a feeling of instability. If interest rates have you doubting your decisions, here are a few ways I can support you. I’m always open for a call, but if you’d like something a little more low-key, you can sign up for my newsletter where my lender partner and I keep you updated with everything you need to know about market movements in order to make an informed decision. Email me and I’ll add you to the list.
Tag: Alameda food
Curb Appeal Vol. 11: Portland Neighborhood Spotlight – Alameda
THE HISTORY:
The history of Northeast Portland’s Alameda neighborhood reaches back into the 1850s, when the land was purchased which would ultimately become the Alameda Park subdivision. Today, the neighborhood sits between NE Knott Street and NE Prescott Street.
THE MARKET:
Aa a historically competitive real estate market, Alameda has continued to perform despite the general cool down experienced by the greater Portland housing market. The Portland Monthly’s 2019 edition ofPortland Neighborhoods by the Numbers shows that the Alameda neighborhood’s median price range increased by 8% between 2017 and 2018, which is the second-highest percentage growth city-wide.
WHAT WE LOVE ABOUT ALAMEDA:
Northeast Portland’s Alameda neighborhood is perched on north eastern hills, located between Sabin and Beaumont-Wilshire. With tree-lined streets and impressive vistas, the area offers one of the city’s best urban walks. With a bike score of 92 over 47 restaurants, bars and coffee shops, the neighborhood has plenty to offer its more than 5,000 residents.
NEARBY DESTINATIONS:
Food: Lucca,Guilder, Junior’s Roasted Coffee,Pok Pok Noi
Activities: Alameda Ridge Walk,Fremont Art Tree, Portland Story Theater,Garden Fever
DEMOGRAPHICS (2010 CENSUS)
Residents: 5,214
Median Age: 42.5
Under 18 years: 25%
18 to 64 years: 64.3%
65 years and over: 10.6%
COMPARABLE NEIGHBORHOODS:
Forest Park
Average Home: $$787,807
Laurelhurst
Average Home: $654,275
Sabin
Average Home: $601,490
For more insight into neighborhood trends within Northeast Portland, view our comprehensive real estate data set below.
About Us:
Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.