Here’s another mismatch in the U.S. housing market: A third of homebuyers want a brand-new home (41 percent of millennials prefer new), according to the National Association of Home Builders and yet, nine out of 10 residential properties sold have an older home.
The most recent Census data shows that 12.3 percent of homes in the U.S. were built before 1940, while only 4.6 percent were built in the past five years.
Researchers at Filterbuy, an Alabama company that makes and sells replacement air filters directly to consumers, analyzed more than 300 cities across the country and ranked them according to the share of homes built before WWII. Portland ranked 14th.
12% of U.S. homes were built before 1940, according to the U.S. Census Bureau's 2019 American Community Survey.Filterbuy
In Portland, 27.6% of all homes were built at least 80 years ago. Topping the list is Cleveland with 52.4% followed by Boston with 48.2% and San Francisco with 45.1% of homes constructed before 1940.
Only 7.2% of Portland’s homes were built in the last 10 years, according to U.S. Census data.
In the entire state of Oregon, 11.1% of all homes were built before WWII compared to fewer than 2 percent of dwellings in Alaska, Arizona and Nevada.
In this week’s real estate gallery, we look at homes for sale that welcomed their first occupants before Tommy Dorsey and his orchestra’s hit “I’ll Never Smile Again” was playing on RCA radios.
The 1925 Tudor Revival-style house at 1405 N.E. 47th Ave. in Portland’s Hollywood neighborhood is listed by Jessica Penaka with Phillip Evans of Keller Williams Sunset Corridor.Williams Sunset Corridor
1405 N.E. 47th Ave. in Portland’s Hollywood neighborhood is listed at $499,000.
The Tudor Revival-style house, built in 1925 on a 5,227-square-foot lot, has Brazilian cherry hardwoods, a stone fireplace in the living room, three bedrooms, two bathrooms and 1,931 square feet of living space under a new roof.
“French doors lead to a large deck and fenced backyard. Enjoy cooking in an updated chef’s kitchen with quartz counters and an eat-in island,” says listing agent Jessica Penaka with Phillip Evans of Keller Williams Sunset Corridor.
See more homes for sale in the 97213 zip code
4606 N. Commercial Ave. in Portland’s Humboldt neighborhood is listed by Kimberly Borcherding with Sara Jones Graham of the Hasson Company.Hasson Company
4606 N. Commercial Ave. in Portland’s Humboldt neighborhood, which is part of the Williams-Mississippi corridor, is listed at $539,000.
The bungalow, built in 1912 on a 3,049-square-foot corner lot, has hardwood floors, a wood-burning fireplace, two bedrooms, an office, one bathroom and 2,097 square feet of living space.
“Fall in love with the front porch ... and sun-soaked garden beds. Enjoy a basement with an entrance and bike garage,” says listing agent Kimberly Borcherding with Sara Jones Graham of the Hasson Company.
See more homes for sale in the 97217 zip code
203 S.E. 15th Ave. in Portland’s Buckman neighborhood is listed by Tatiana Xenelis of eXp Realty.eXp Realty
203 S.E. 15th Ave. in Portland’s Buckman neighborhood is listed at $734,000.
The remodeled Queen Anne-style house, built in 1894 on a 4,791-square-foot lot, has high ceilings, refinished hardwood floors, an office and den on the main level, and five bedrooms, 3.5 bathrooms and 3,369 square feet of living space.
“The spacious master suite has a walk-in closet and walk-in shower. The basement has a separate fenced entrance, full bath and kitchen, was rented for $1,200 a month,” says listing agent Tatiana Xenelis of eXp Realty.
See more homes for sale in the 97214 zip code
310 N.W. Maywood Dr. in Portland’s Hillside neighborhood is listed by Jennifer Turner of Lovejoy Real Estate.Lovejoy Real Estate
310 N.W. Maywood Dr. in Portland’s Hillside neighborhood is listed at $850,000.
The updated, traditional-style house, built in 1929 on a 3,484-square-foot lot, has original moldings, four bedrooms, 3.5 bathrooms and 3,348 square feet of living space.
“The perfect combination of interior charm, outdoor living with a play area and large deck and stunning panoramic views of the city and mountains,” says listing agent Jennifer Turner of Lovejoy Real Estate. “The master suite has city views and a fireplace. The lower level is a finished family room with the fourth bedroom, full bathroom and lots of storage”
See more homes for sale in the 97210 zip code
992 S.W. Westwood Dr. in Terwilliger Heights in Portland’s Hillsdale neighborhood is listed by Glenn McMath of Windermere Realty Trust.Windermere Realty Trust
992 S.W. Westwood Dr. in Terwilliger Heights in Portland’s Hillsdale neighborhood is listed at $925,000.
The Colonial-style house, built in 1928, has a travertine marble entry, hardwood floors, four bedrooms, 3.5 bathrooms and 4,070 square feet of living space.
The 0.28-acre property has a landscape yard and a garden house on a second tax lot.
“The second floor features a light-filled en suite master bedroom. Lovely details make this historic home a must see,” says listing agent Glenn McMath of Windermere Realty Trust.
See more homes for sale in the 97239 zip code
— Janet Eastman | 503-294-4072
jeastman@oregonian.com | @janeteastman
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