Portland Northwest Real Estate

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Portland Northwest Real Estate & Homes
for Sale in Oregon

Despite its stature as one of the largest cities in the United States, Portland is still one of America's best-kept secrets. Surrounded by natural Oregon beauty and plenty of interesting activities, Portland is the perfect place to relocate! The area features a moderate climate and close proximity to the mountains, ocean and deserts and is often cited as the perfect example of a well-planned city. The city is highly livable and is known for always providing residents with entertainment. It was recently proclaimed as North America's "Best Big City" by Money magazine.

The portion of Washington County and Multnomah County known as Northwest Portland is considered one of the hottest places to live in the greater Portland area. Northwest Portland includes the neighborhoods of Bethany, Bonny Slope, Rock Creek, Forest Heights, Sylvan, Cedar Mill, Oak Hills and Cedar Hills. The area is popular among residents and new homeowners because of its close proximity to many of the area's high-tech jobs. Approximately 40,000 residents call Northwest Portland home, including many young dedicated professionals who desire to live in an area that reflects their values. The real estate market in Northwest Portland consists of single-family detached homes, estate properties, view properties, condominiums, townhouses and homes with acreage.

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Price Range of Portland Northwest Houses

The Northwest Portland real estate market is comprised of both exclusive and affordable homes for executives, high-tech workers and families, and features a variety of real estate options such as single-family detached homes, condominiums and townhouses. Northwest Portland homes for sale start at $120,000 and can run as high as $4 million for custom built homes and Northwest Portland estates, sprawling mansions, and homes in exclusive neighborhood enclaves. Many Northwest Portland houses feature terrific city and valley views. There is also a wide array of condominiums, co-ops and townhouses available in Northwest Portland. Northwest Portland condominium prices typically start around $76,000 to $3 million for a lavish penthouse condo. Many condominiums feature community recreation facilities and other amenities.

Portland Northwest Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $931,856 compared to $931,856 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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