Bidding wars in July: Fevered Portland homebuyers pay more than asking price (photos)
In Portland’s hot real estate market, modest homes are entered in bidding wars. Our study of 2016 real estate transactions showed that residential properties were going quickly for up to almost double the asking price. A look at 10 homes that sold for so much more than the asking price in January 2017 reflected properties longer on the market. Many February, March, April, May and June sales were equally over the top. We continue our series to document bidding wars each month once information is available from the real estate database Estately. Almost half — 45 percent — of homes sold in July went for over asking price, including this Rose City Park Craftsman bungalow, which sold for 15 percent over its $535,000 asking price.
Keller Williams Realty Professionals via Estately
Centennial bungalow: 46.8 percent over $98,800 asking price
15803 SE Powell Blvd. in Portland sold July 14, 2017 for $145,000 after 18 days on the market before an offer was accepted and the sale was pending, according to Estately. The single-story bungalow, built in 1924 on a 10,019-square-foot lot, has two bedrooms, one bath and 842 square feet ($172 a square foot). The listing agent was George and Nancy Perkins of 20/20 Properties, Inc
20/20 Properties, Inc via Estately
Montavilla bungalow: 22.9 percent over $319,900 asking price
236 SE 76TH Ave. in Portland sold July 27, 2017 for $393,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level bungalow, built in 1928 on a 3,485-square-foot lot, has three bedrooms, one bath and 1,734 square feet ($226 a square foot). The listing agent was Shawn Skinner of RE/MAX Equity Group
RE/MAX Equity Group via Estately
King rowhouse: 22.4 percent over $374,000 asking price
626 NE Skidmore St. in Portland sold July 5, 2017 for $457,754 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level rowhouse, built in 2006 on a 2,614-square-foot lot, has four bedrooms, two baths and 1,554 square feet ($294 a square foot). The listing agent was Rebecca Barron of Living Room Realty
Living Room Realty via Estately
Madison South bungalow: 20.4 percent over $269,900 asking price
8604 NE Fremont St. in Portland sold July 3, 2017 for $325,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level bungalow, built in 1945 on a 4,792-square-foot lot, has two bedrooms, one bath and 1,232 square feet ($263 a square foot). The listing agent was Chad Gaidos of Real Estate Performance Group
Real Estate Performance Group via Estately
Windermere Stellar via Estately
Lents midcentury modern: 20 percent over $249,900 asking price
9836 SE Cora St. in Portland sold July 11, 2017 for $300,000 after six days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level midcentury modern, built in 1950 on a 7,405-square-foot lot, has three bedrooms, one bath and 903 square feet ($332 a square foot). The listing agent was Renita Gerard of Windermere Stellar
Hasson Company via Estately
Hosford-Abernethy Craftsman:19.4 percent over $335,000 asking price
1723 SE Woodward St. in Portland sold July 31, 2017 for $400,000 after eight days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level Craftsman-style house, built in 1900 on a 4,792-square-foot lot, has two bedrooms, one bath and 2,872 square feet ($139 a square foot). The listing agent was Lee McKnight of the Hasson Company
John L. Scott NE Portland via Estately
Russell midcentury modern: 19.3 percent over $285,000 asking price
12803 NE Schuyler St. in Portland sold July 18, 2017 for $340,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level midcentury modern, built in 1956 on a 7,405-square-foot lot, has three bedrooms, one bath and 1,066 square feet ($318 a square foot). The listing agent was Bryan Atkinson of John L. Scott NE Portland
Keller Williams-PDX Central via Estately
Rose City bungalow: 17.5 percent over $349,900 asking price
3205 NE 58th Ave. in Portland sold July 24, 2017 for $411,000 after 27 days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level bungalow, built in 1923 on a 5,227-square-foot lot, has three bedrooms, one bath and 1,799 square feet ($228 a square foot). The listing agent was Mark Charlesworth of Keller Williams-PDX Central
Windermere Stellar via Estately
Hazelwood ranch-style house: 17.1 percent over $350,000 asking price
10555 NE Oregon St. in Portland sold July 7, 2017 for $410,000 after six days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level ranch-style house, built in 1957 on a 10,454-square-foot lot, has three bedrooms, 2.5 baths and 3,303 square feet ($124 a square foot). The listing agent was Daniette West of Windermere Stellar
Projection Realty via Estately
St. Johns ranch-style house: 17 percent over $200,000 asking price
10142 N Tioga Ave. in Portland sold July 26, 2017 for $234,000 after seven days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1962 on a 4,792-square-foot lot, has two bedrooms, one bath and 952 square feet ($245 a square foot). The listing agent was Harlow Vernwald of Projection Realty
Portland Proper Real Estate via Estately
St. Johns bungalow: 16.8 percent over $349,000 asking price
9237 N New York Ave. in Portland sold July 5, 2017 for $407,500 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level bungalow, built in 1909 on a 4,792-square-foot lot, has two bedrooms, one bath and 2,051 square feet ($198 a square foot). The listing agent was Jason McEllrath of Portland Proper Real Estate
Portlands Alternative Inc via Estately
Hazelwood ranch: 16.5 percent over $309,000 asking price
14051 SE Stephens St. in Portland sold July 11, 2017 for $360,000 after six days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1957 on a 7,405-square-foot lot, has three bedrooms, two baths and 1,296 square feet ($277 a square foot). The listing agent was Robbie Ratkai of Portlands Alternative Inc
Keller Williams-PDX Central via Estately
Portsmouth Craftsman: 16.2 percent over $339,900 asking price
5029 N Newark St. in Portland sold July 6, 2017 for $395,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level Craftsman, built in 2006 on a 3,049-square-foot lot, has three bedrooms, two baths and 1,282 square feet ($308 a square foot). The listing agent was Emily Hetrick of Keller Williams-PDX Central
Think Real Estate via Estately
Brooklyn bungalow: 15.9 percent over $399,900 asking price
3403 SE 15th Ave. in Portland sold July 12, 2017 for $463,287 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level bungalow, built in 1949 on a 4,792-square-foot lot, has three bedrooms, two baths and 1,724 square feet ($268 a square foot). The listing agent was Laurie Gilmer of Think Real Estate
Farrell And Associates via Estately
Piedmont house: 15.6 percent over $449,950 asking price
825 N Baldwin St. in Portland sold July 10, 2017 for $520,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level house, built in 1950 on a 5,227-square-foot lot, has three bedrooms, two baths and 1,781 square feet ($291 a square foot). The listing agent was Mark Farrell of Farrell And Associates
Keller Williams-PDX Central via Estately
Hazelwood ranch-style house: 15.4 percent over $259,900 asking price
12445 NE Hassalo St. in Portland sold July 28, 2017 for $300,000 after three days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1954 on a 8,712-square-foot lot, has three bedrooms, one bath and 900 square feet ($333 a square foot). The listing agent was C. Morgan Davis of Keller Williams-PDX Central
John L. Scott-Lincoln City via Estately
Portsmouth cottage: 15.4 percent over $325,000 asking price
8734 N Wayland Ave. in Portland sold July 17, 2017 for $375,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level cottage, built in 1944 on a 4,792-square-foot lot, has two bedrooms, one bath and 1,320 square feet ($284 a square foot). The listing agent was Janna Green of John L. Scott-Lincoln City
Keller Williams Realty Professionals via Estately
Rose City Park bungalow: 15 percent over $535,000 asking price
3024 NE 50th Ave. in Portland sold July 11, 2017 for $615,000 after six days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level Craftsman bungalow, built in 1920 on a 4,792-square-foot lot, has three bedrooms, 1.5 baths and 2,414 square feet ($254 a square foot). The listing agent was Katie Fracasso PC of Keller Williams Realty Professionals.
Windermere Stellar via Estately
Hazelwood ranch-style house: 14.8 percent over $249,900 asking price
14160 SE Taylor Court in Portland sold July 20, 2017 for $287,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1962 on a 7,841-square-foot lot, has two bedrooms, one bath and 990 square feet ($289 a square foot). The listing agent was Cindy Banzer of Windermere Stellar
John L. Scott NE Portland via Estately
Lents ranch-style house: 14.8 percent over $269,950 asking price
4130 SE 91st Ave. in Portland sold July 10, 2017 for $310,000 after three days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1949 on a 10,019-square-foot lot, has two bedrooms, one bath and 1,179 square feet ($262 a square foot). The listing agent was Israel Hill of John L. Scott NE Portland
Where, Inc via Estately
Eastmoreland Tudor-style house: 14.3 percent over $1.05 million asking price
6814 SE Reed College Place in Portland sold July 14, 2017 for $1.2 million after seven days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level English Tudor-style house, built in 1937 on a 6,534-square-foot lot, has four bedrooms, 3.5 baths and 4,036 square feet ($297 a square foot). The listing agent was Connie McDowell of Where, Inc
Coldwell Banker Bain via Estately
St. Johns bungalow: 14 percent over $249,900 asking price
9935 N Lombard St. in Portland sold July 10, 2017 for $285,000 after 10 days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level bungalow, built in 1926 on a 5,227-square-foot lot, has two bedrooms, one bath and 1,232 square feet ($231 a square foot). The listing agent was Rachel Russell of Coldwell Banker Bain
John L. Scott NE Portland via Estately
Brentwood-Darlington ranch-style house: 14 percent over $299,900 asking price
6544 SE 68th Ave. in Portland sold July 13, 2017 for $342,000 after three days on the market before an offer was accepted and the sale was pending, according to Estately. The single-story ranch-style house, built in 1997 on a 3,920-square-foot lot, has four bedrooms, two baths and 1,232 square feet ($277 a square foot). The listing agent was Heather Pool of John L. Scott NE Portland
Windermere Stellar via Estately
Lents/Powellhurst-Gilbert ranch-style house: 14 percent over $285,000 asking price
3237 SE 120th Ave. in Portland sold July 10, 2017 for $325,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The single-story ranch-style house, built in 2001 on a 8,712-square-foot lot, has three bedrooms, two baths and 1,244 square feet ($261 a square foot). The listing agent was Daniette West of Windermere Stellar
Keller Williams-PDX Central via Estately
Brentwood-Darlington bungalow: 14 percent over $249,999 asking price
6116 SE Lexington St. in Portland sold July 6, 2017 for $285,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level bungalow, built in 1946 on a 4,792-square-foot lot, has two bedrooms, one bath and 856 square feet ($332 a square foot). The listing agent was Cody Gibson of Keller Williams-PDX Central
Windermere Stellar via Estately
Cully bungalow: 14 percent over $225,000 asking price
5929 NE Alton St. in Portland sold July 10, 2017 for $256,400 after 11 days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level bungalow, built in 1952 on a 2,614-square-foot lot, has one bedroom, one bath and 899 square feet ($285 a square foot). The listing agent was Allison Johnson of Windermere Stellar
Proud Ground via Estately
Vernon ranch-style house: 13.9 percent over $368,000 asking price
5702 NE 14th Ave. in Portland sold July 14, 2017 for $418,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level ranch-style house, built in 1979 on a 4,792-square-foot lot, has three bedrooms, one bath and 1,268 square feet ($329 a square foot). The listing agent was Tyler Koski of Proud Ground
Windermere Realty Group via Estately
Beaumont-Wilshire Tudor-style house: 13.8 percent over $400,000 asking price
3415 NE Bryce St. in Portland sold July 3, 2017 for $455,000 after two days on the market before an offer was accepted and the sale was pending, according to Estately. The three-level Tudor-style “teardown” house, built in 1937 on a 4,792-square-foot lot, has three bedrooms, one bath and 2,481 square feet ($183 a square foot). The listing agent was Sunny Freeman of Windermere Realty Group
John L. Scott Market Center via Estately
Arbor Lodge bungalow: 13.8 percent over $400,000 asking price
7071 N Wilbur Ave. in Portland sold July 3, 2017 for $455,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level bungalow, built in 1949 on a 4,792-square-foot lot, has two bedrooms, one bath and 2,392 square feet ($190 a square foot). The listing agent was Patty Schmitz-Thursam of John L. Scott Market Center
JMA Properties LLC via Estately
Powellhurst-Gilbert house: 13.4 percent over $299,900 asking price
3243 SE 119th Ave. in Portland sold July 14, 2017 for $340,000 after four days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level traditional house, built in 2001 on a 7,405-square-foot lot, has three bedrooms, 2.5 baths and 1,300 square feet ($261 a square foot). The listing agent was Dennis Kelley of JMA Properties LLC
RE/MAX Equity Group via Estately
Mt. Scott-Arleta house: 13.3 percent over $225,000 asking price
6429 SE 72nd Ave. in Portland sold July 24, 2017 for $255,000 after five days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level house, built in 1967 on a 3,920-square-foot lot, has two bedrooms, one bath and 804 square feet ($317 a square foot). The listing agent was Jacob York of RE/MAX Equity Group
Coldwell Banker Mountain West via Estately
Bottom place Lents/Powellhurst-Gilbert bungalow: 27.8 percent under $180,000 asking price
5231 SE 108th Ave in Portland sold July 10, 2017 for $130,000 after 19 days on the market before an offer was accepted and the sale was pending, according to Estately. The single-level bungalow, built in 1947 on a 9,148-square-foot lot, has one bedroom, one bath and 852 square feet ($152 a square foot). The listing agent was Chris Forrette of Coldwell Banker Mountain West
20/20 Properties via Estately
Bidding wars in 2016
Look at residential properties that went for more than their asking price in 2016, including this Centennial ranch house at 14630 SE Caruthers St. in Portland that sold for 92.3 percent over $67,600 asking price.
Keller Williams-PDX Central via Estately
January 2017 bidding wars
A look at 10 homes that sold for so much more than the asking price in January 2017reflected properties snapped up for land and location, such as this Kenton bungalow, which sold for 23 percent over its $249,900 asking price. The property at 3610 N Baldwin St. in Portland sold Jan. 13, 2017 for $307,500 after 35 days on the market, according to Estately. The two-level bungalow, built in 1913 on a 3,485-square-foot lot, has one bedroom, one bath and 1,396 square feet ($248 a square foot). The listing agent was Jeff Capen of Keller Williams-PDX Central
The Agency via Estately
February 2017 bidding wars
See the top homes that sold over their asking price in February 2017, including this Linnton fixer upper at 10060 NW Wilark Ave. in Portland that went for 37.1 percent over its $175,000 asking price.
Harcourts Real Estate Network Group via Estately
March 2017 bidding wars
See the top 40 homes that sold over their asking price in March 2017, like this non-conforming duplex at 14134 SE Center St. in Portland in Powellhust-Gilbert that went for 66.7 percent over its $150,000 asking price.
Scout Realty Co. via Estately
May 2017 bidding wars
Look what sold over the asking price in May 2017, including this Mill Park cottage at 2309 SE 113th Ave. in Portland that went for 33 percent over its $169,900 asking price. The property sold for $226,000 after three days on the market before an offer was accepted and the sale was pending, according to Estately. The single-story cottage, built in 1950 on a 7,406-square-foot lot in Mill Park, has one bedroom, one bath and 752 square feet ($300 a square foot). The listing agent was Tim Roberts of Scout Realty Co.
Paris Group Realty LLC via Estately
June 2017 bidding wars
49 percent of homes sold in June 2017 went for over asking price, according to Estately, like this property: 8259 N Wayland Ave. in Portland sold June 14, 2017 for $470,000 after eight days on the market before an offer was accepted and the sale was pending, according to Estately. The two-level bungalow, built in 1906 on a 4,792-square-foot lot in Portsmouth, has four bedrooms, two baths and 1,546 square feet ($304 a square foot). The listing agent was Claire Paris of Paris Group Realty LLC