Traffic is heavy where W. Burnside meets SW 18th and 19th Avenues and Alder Street in this 1938 photo. Hard to tell what traffic control system they had in place at that time but it looks like all directions are on the move, including pedestrians. Part of Portland Firefighters Park can be seen on the left.
In the recent past, I have been posting some of my Broker’s Price Opinions (what banks call it when they pay you to provide an opinion of value of a property), and I would post what the home last sold for along with today’s value. I used to consistantly see a 35-50% haircut in today’s value versus what the place last sold for. That has been changing. I realize this particular place was last sold over a decade ago, however, it is amazing to me how fast this market has taken a turn and the upward pressure on prices we have been seeing lately.
A lot of change is happening in Oregon real estate right now. The good news is that most of that change is very positive.