W Burnside & 19th, 1938

Vintage Portland

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.

A2005-001.138 W Burnside and SW 19th northwest 1938(City of Portland Archives)

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House value in Sandy, Oregon

Troubled Assets

Front2This 3 bedroom, 2 bath home in Sandy, Oregon was built in 2001 and features 1298 square feet. It last sold for $134,900 on 12/28/2001. My Broker’s Price Opinion: $165,000.

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.

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