Building Costs Per Square Foot in the City of Portland (OR), USA

Residential Construction Market Analysis in the City of Portland (OR), USA

Newly Built House in Portland 8558 SE 70th Avenue #B OR97206 – 2 Bedrooms and 2 Baths with 3 Attached Garages on Gross Floor Area 892 sqft – Built in 2022 – Price $399,000

Newly Built House in Portland 8558 SE 70th Avenue #B OR97206 – 2 Bedrooms and 2 Baths with 3 Attached Garages on Gross Floor Area 892 sqft – Built in 2022 – Price $399,000

Everyone wants to have their own house, but the more time passes, the more impossible it seems. Do not let the global or national context discourage you, buying a property is still possible.

In this article, we will tell you everything you need to know about the city of Portland, located in Oregon. With this information, you will be able to know if it is the right city for you, and for what you are looking for, or if you should explore other cities in the United States.

Portland (OR) Construction Outlook

Although the capital of Oregon is Salem, Portland has been recognized for decades as its largest city and as its economic capital. Most of the state’s business takes place in this city, and if people choose to move to Oregon for the first time they will most likely choose a property in Portland.

Portland has a couple of buildings, but don’t expect to see the skyline that you would find in a city like NYC or Chicago. They are buildings that were mostly built in the 80s so they retain the aesthetics of that time. Currently, there are some residential projects to build buildings, but we will talk about them later in the article.

Despite not being full of buildings, something that characterizes its construction is the houses made with brick and cement. It is rare to come across houses built with other materials since due to climatic conditions they must have these characteristics.

Winter in Portland can get very cold, especially in the parts closest to the mountains, so houses must be prepared to face those temperatures and the snow that falls during January and February. Even if you see tourist cabins that seem to be made only of wood, do not forget that they must have some cold-insulating material inside.

Portland (OR) Housing Market Analysis and Forecast

The Portland real estate market had a pretty interesting downturn this year. Not only did the value of the properties drop, but the number of days that they are listed before being sold increased, and there are not so many properties that are currently being sold.

This can have different interpretations, but in part, it is due to a decrease in the labor supply and an increase in the rate of crimes committed in the city. However, this does not mean that Portland is a bad place to live, on the contrary! It has some parts of the city that are perfect for raising a family and also the prices are not that high.

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