Portland home prices of $200,000 per 773 square feet are the lowest among major West Coast cities, according to a study by PropertyShark, a national real estate blog.
"The reports provide a broader perspective for Portland residents who have concerns about the economic impact of steep home prices and rents in Portland," said Augusto Beato, CEO of Portland SEO. "This is true despite seeing rates increases slow down in 2017."
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The analysis by Robert Demeter entitled, "For $200K, Would You Rather Buy a Box in Manhattan or a Mansion in San Antonio?" revealed on how much square footage $200,000 will buy in major cities in the United States.
The highest prices in the West Coast turned out to be San Francisco where you could only get 260 square feet for $200,000. This was followed by San Jose for 376, San Diego for 496, LosAngeles for 501, and Seattle for 525.
The most expensive real estate is from Manhattan, with only 126 square feet for that price while Cleveland brings over 3,700 square feet.
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SOURCE: Press Advantage [Link]
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