By The Dream Digs Team, July 27, 2018
THE HISTORY:
Gravelly Hill Road was established by the Bowering Family in 1859. On land claimed by the family, a small community of individuals began to develop on top the large gravel bar formation which spans six miles to Rocky Butte. Fifty years after the Bowering family’s occupation of the area, the Alameda Land Company would develop the exclusionary Alameda Park subdivision, which would later become incorporated into the City of Portland. Today, Portland’s Alameda neighborhood spans NE Prescott Street to Knott Street, positioned between the Sabin and Beaumont-Wilshire neighborhoods.
THE MARKET:
The real estate market in Portland’s Alameda neighborhood has been experiencing consistent growth for half a decade, with the median price increasing by 39.8% over during that period. According to a comprehensive market study by Portland Monthly, Alameda is Portland’s sixth-most expensive neighborhood, with homes averaging $726,243. Featuring bungalow, Tudor and Queen Anne-style architecture, Alameda offers a diverse selection of premiere homes, and values are anticipated to increase by an additional 34% over the next five years.
WHAT WE LOVE ABOUT ALAMEDA:
Take a stroll through Portland’s Alameda neighborhood and you’ll quickly understand what makes this housing market so competitive. Aptly earning its name from the Spanish word alameda, meaning a promenade shaded with trees or public walkway, this neighborhood is home to one of Portland’s premiere urban walks. Perched high above the city, a walk through Portland’s Alameda neighborhood reveals Northeast Portland’s best views. With a bike score of 92 over 47 restaurants, bars and coffee shops, the neighborhood has plenty to offer its more than 5,000 residents.
NEARBY DESTINATIONS:
Food: Lucca, Guilder, Junior’s Roasted Coffee, Pok Pok Noi
Activities: Alameda Ridge Walk, Fremont Art Tree, Portland Story Theater, Garden Fever
DEMOGRAPHICS (2010 CENSUS)
Residents: 5,214
Median Age: 42.5
Under 18 years: 25%
18 to 64 years: 64.3%
65 years and over: 10.6%
COMPARABLE NEIGHBORHOODS:
Forest Park
Average Home: $$787,807
Laurelhurst
Average Home: $654,275
Sabin
Average Home: $601,490
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
