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| Eastside | Westside | Beaverton| Clackamas | Happy Valley | Hillsboro | Lake Oswego | Portland Metro Area Description If you divide Portland Oregon into roughly four sections using Interstate 5 to divide East from West (see map link at left), and Hwy. 26 to the west, and I-84 to the East, to divide North from South, you would have the quadrants of Portland used to define location. The Westside (includes NW and SW) is the area that we call the suburbs or bedroom communities of the City of Portland. This is where you would find the largest concentration of Town-homes, Condos, and Patio Homes, in addition to single family homes. With the influx of high tech during the 80's and 90's, the area along Hwy 26 (Sunset Corridor) is referred to as the Silicon Forest. The demographics of the area are young and affluent. Most homes are less than 20 years old. Our many planned communities are very attractive. The Eastside of Portland contains our older neighborhoods built between 1910 and about 1950. Lots are on a traditional 50 by 100 grid pattern and small neighborhood shops and restaurants make this area very charming. Below is a list of the Average Sales Price of all Homes Sold year to date in the different cities comprising the Portland Metro Area. This is not intended to imply that all homes in a particular area are selling at this price point, but it does give you a general idea. Current Market Conditions Analysis of 2006 data and outlook for 2007. We seem to have attracted the attention of out of state investors who are buying rental properties hoping for big appreciation. Many buyers have sold real estate in other parts of the country with large amounts of cash to reinvest in Oregon. Real estate values in Oregon are still behind most major metro areas around the country. Using a 1031 Exchange to defer the capital gain tax many investors are turning their profits elsewhere into a retirement portfolio in Oregon's growing economy. Some are purchasing now and renting these home with the intent of making it their primary residence after retirement. The following are the Average Sales Price for the Month of July 2007:
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