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12 Oregon homes sold for $200,000 over asking price or more in 2020

12 Oregon homes sold for $200,000 over asking price or more in 2020
Updated Jan 01, 2021;
When the number of homes for sale is low and so are interest rates, competing home shoppers wanting a desirable mortgage may offer full asking price or more for a residential property. That’s the case in the Portland area, where the inventory of homes on the market has been minuscule for years and plunged to a record low in November.
The seller’s market forces buyers to face bidding wars or wait.
More than one in four 26.9% of homes in the Portland area sold for more than their asking price in 2019, according to an analysis by the real estate marketplace Zillow. As high as that sounds, that’s a drop from 31.7% in 2018. ....

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Top 10 most expensive Portland-area homes that sold in 2020: 'More demand over $3 million'

Top 10 most expensive Portland-area homes that sold in 2020: ‘More demand over $3 million’
Updated Dec 30, 2020;
Residential real estate experts entered 2020 with caution. Many braced for a recession, but no one could foresee a devastating pandemic.
After stay-at-home orders were issued in March, some people who hadn’t lost their source of income went searching for property that could support adults working at home, children in virtual school and everyone needing space to relax.
“We anticipated a potential change in lifestyle and work requirements,” says Marty Wells of Luxe Christie’s International Real Estate in Lake Oswego. “By April, we saw activity go through the roof.” ....

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