Just west of the once vibrant Chinatown, in the Northwest section of Portland, you will find the very hip and trendy Pearl District. The Pearl District sits on the streetcar line in the part of Portland that was first settled and is home to several historic buildings, interesting boutiques, shops, bars, clubs, and serves as the nightlife hub of the city.
Pearl is a frequently cited urban planning model and is home to Portland’s famous Powell’s Bookstore, as well as fine dining restaurants and great hang-out spots. The Pearl District is north of Downtown and is composed of approximately 285 acres and home to around 6,000 residents according to the 2010 census.
Formerly occupied by light industry, warehouses and railroad classification yards, Pearl is known today for its art galleries, high-rise residences, and lofts converted from warehouses. The Pearl District is nestled between the Willamette River on the north, West Burnside Street on the south, NW Broadway on the east and Interstate 405 on the west.
The Pearl District is a pedestrian’s dream with streets laid out in an easy-to-follow grid pattern. Living in the Pearl District affords residents the opportunity to take long walks beside the river, eat out frequently, walk to work, and ride the streetcar through the downtown area of the city.
Arguably the liveliest neighborhood in Portland, the Pearl is easily accessible, not only by the vibrant downtown area, but also by the upscale residential area of Northwest Portland. With a phenomenal location and easy access to so many wonderful Portland amenities, prospective homebuyers would be remiss not to consider the real estate options in this spectacular Portland neighborhood.
Homes for sale in the Pearl are comprised of condos and lofts, apartment buildings, and a handful of townhomes. Lofts are the most popular housing option in the Pearl District, and so much so, that when all the desirable warehouses had been converted to lofts and there were no more to convert, new loft-buildings were constructed. Of course the listing price for homes in the Pearl District varies depending upon the property’s age, size, location, and special features, but the median sale price in 2015 was $464,000, compared to $415,000 the year before. That puts the average cost per square foot in the Pearl District at $468 in 2015 and $452 in 2014.
If you would like to buy a condo, loft, apartment or townhome in the Pearl District of Northwest Portland, Oregon, please do not hesitate to contact us today for assistance or more information.
If you are considering buying a home in Pearl District, our website is the best place to start. Our search engine has 100% of the Multiple Listing Service (MLS) listings for sale and is updated every five minutes so you won't miss out on an opportunity to purchase your perfect home.
Pearl District home values have risen sharply over the last few years. If you have been thinking about selling your Pearl District home, the best place to start is with our FREE instant home valuation calculator. It is based on the public records of sales of home's in your neighborhood and will give you fast and accurate results of your Pearl District home's value. To answer your question, "How much is my Pearl District home worth?" The answer is, maybe more than you think! Just enter your home's information below into the home value estimator and you will have the results of your home price estimate instantly!
Would you like to find out what your neighbor's home sold for? Now you can! Because the real estate market is always shifting, this information is important to note so that you know exactly what your home is worth and how much you could sell it for in today's market. Click the "How's The Market" box below to view all of the recent home sales in your neighborhood. It's 100% FREE! At the top of the page you can also "Create Your Own Market Report". You will also see charts that detail average home prices per square foot, average days on market, and total inventory, all for free! Now you will always be up to date on what's happening in the market so you will know when is the best time to buy or sell.