By The Dream Digs Team, August 16, 2018
NEIGHBORHOOD SPOTLIGHT: SABIN
THE HISTORY:
Since its development in the 1880s, the area now known as Portland’s Sabin neighborhood has experienced a number of socio-economic shifts. Evolving from a community of immigrant workers, this tight-knit neighborhood experienced significant expansion to accommodate many of the 17,500 refugees who fled the devastating Vanport flood. Presently, Portland’s Sabin Neighborhood is a city leader in cultural and economic diversity, while still maintaining its heart as an inclusive and community-focused district.
THE MARKET:
The housing market in Portland’s Sabin neighborhood is notable for featuring many charming craftsman and old-style Portland homes, which are currently selling for an average price of $639,739. According to Portland Monthly’s most recent real estate market study, housing market in Portland’s Sabin is the fifth-fastest moving market citywide. In this capacity, homes spend an average of only 16 days on the market. Additionally, the report estimates a growth of 58.7% in average home prices over the next five years.
WHAT WE LOVE ABOUT SABIN:
Portland’s Sabin neighborhood is primarily residential, but offers a variety of community-focused outdoor attractions. Among these are the self-guided Bee-Friendly Garden Tourand the Sabin HydroPark, featuring two historic water towers. Locals know that the relatively quiet ambiance of Sabin is a misnomer, as the neighborhood actually features some of Portland’s premiere dining establishments. On average, the 4,000+ residents in Sabin can walk to three restaurants, bars or coffee shops in less than five minutes.
NEARBY DESTINATIONS:
Food: Acadia, Pok Pok Noi, Verdigris Restaurant, Mojos Sushi,Cafe Destino,Grain & Gristle
Late Night: Daddy Mojo’s Cafe,Grain and Gristle, County Cork Public House
Activities: Bee-Friendly Garden Tour, Sabin HydroPark,Irving Park,Albina Library, Portland’s RerunVintage Shop.
DEMOGRAPHICS (2010 CENSUS)
Residents: 4,149
Median Age: 37.3
Under 18 years: 19.9%
18 to 64 years: 73%
65 years and over: 7.1%
COMPARABLE NEIGHBORHOODS:
Irvington
Average Home: $769,902
Laurelhurst
Average Home: $594,614
Average Home: $615, 869
For more insight into the housing market in Portland’s Sabin neighborhood northeast neighborhood trends, view our comprehensive real estate data set below.
About Us:
Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
THE DREAM DIGS TEAM
Aryne + Dulcinea, Earth Advantage Principal Broker | Earth Advantage Broker | ADU Specialists | OR
The Dream Digs Team are full-service, high-producing agents, who know how to navigate the unique challenges facing the Portland real estate market...
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- T: 503-380-5124
- aryne@livingroomre.com
