Bonny Slope is a neighborhood just to the west of hwy 26 with the southern border on Cornell Road. With Cedar Mill to one side and Forest Heights to the other, the pricing in this neighborhood has remained relatively consistent when you see the median price graph below. Here’s the map of Bonny Slope!

• 83 Active listings vs. 8 Solds = 9.6% Sell-through
• 10.3 Months of inventory (Over Portland’s average of 7.3)
• Average sales price is $486k
• Median prices: 75th% $544k, Mean $469, 25%

The Concordia neighborhood is nestled in between Vernon, Alberta & Wilshire with Columbia Blvd to the North.  June showed 43 active listings with 5 successful closings for a sell-through of 11%. Here’s the map to Condordia Neighborhood!

• Average sales price was $282k
• Homes closed at an average of 98.77% of the most recent list price (#2 performance last month)
• With 8.6 months of inventory, the neighborhood is above the Portland average of 7.3 months.
• The spread topped off at $306k, Mean and 25th % was matched at $273k

When you are on highway 26 and heading west….the left side has two great neighborhoods that come right up into the woods…Raleighwood & Greenhills. I love these two neighborhoods; lots of winding roads, tons of tree’s, wonderful larger estate homes, ranches and two storied houses plus you can’t beat the location to the freeway and downtown Portland! Here’s the map!

With the highest listed home at $7.8MM, you know sales are going to skew…however with 77 listings and 2 solds…we’ve got a 2% sell-through… 

• 75th percentile was $640k, Mean was $575 and 25th percentile was $510
• Average sales price was $575k
• 38 month inventory level……..definitely a rough one..
• The two homes closed at 95.5% of the listed price.