Top Portland Neighborhoods for 2013 (part 1)
With 95 neighborhoods, the city of Portland has a place for everyone – seniors, families, first-time home buyers, and anyone looking for the convenience of urban life with the safety and familiarity of a good neighborhood.
In 2012, we saw the Portland real estate market begin to pick up again, making 2013 the perfect year to invest in a home. Foreclosed properties and short sales continue to come on the market, and the savvy buyer might just find a screaming deal this year.
Where are the great properties? All over the Portland, area, really. Young professionals continue to flood into the Pearl district and are starting to move into new developments in the south Waterfront and in North Portland. Southeast Portland continues to be a happening cluster of neighborhoods with greater affordability.
Here are our top picks for neighborhoods that we expect to continue to attract Portland home buyers in the new year, where you and your real estate agent just might find the perfect bargain.
1. Pearl District – This neighborhood has grown so much in the past decade that it has almost become a part of downtown, which lies just to the south. A former railway industrial area, the Pearl is now home to many new businesses, many of them with an international flair. The converted warehouse lofts and new condos have attracted many young professionals, and the area is expected to continue to revitalize and grow.
2. Sellwood – For those who need a little bit more elbow room but still want to be close to downtown, the Sellwood neighborhood in South Portland will continue to be a popular destination in 2013. Families move to Sellwood because of its reputation as a quiet, friendly place, and are not disappointed. Beautiful Victorian houses sit next to more modest starter homes, and although downtown is near, with the abundance of shops and restaurants in Sellwood it might not be necessary to make the trip.
3. Piedmont – In 2012, most of the affordably priced homes in the city of Portland came from North Portland, and all of the neighborhoods in this area are sure to continue to be popular in the coming year. We picked Piedmont because if its highly convenient access to downtown. It’s close to the I5 and also on a MAX light rail line, so no matter how you travel your commute will be very reasonable. As one of Portland’s original suburbs built in the 1920s, it holds a mix of old and new homes and is family-friendly.
4. Mt. Tabor – Traditionally one of the best Portland neighborhoods with high home values to reflect that, Mt. Tabor has been the site of many foreclosures over the past few years, and as a result, bank-owned properties can now be found for affordable prices in this neighborhood and those nearby. Valued for its accessibility to downtown, beautiful parks and great shopping at the nearby Hawthorne shopping district, Mt. Tabor is the place to look for a great Portland home at prices that haven’t been seen for a decade or more.
Did we mention that winter is a great time to buy? Contact your Portland real estate agent today to start your search in these and other great Portland neighborhoods, before the busy summer season begins.
Meanwhile, we’ll continue with part two of our list of hot Portland neighborhoods in the year 2013!December 26, 2012