Colton Properties is a fully integrated land development and brokerage company with primary operations in Portland, Oregon.
Click below for free property analysis!
Local home prices posted an annualized increase of 13.3 percent in February, according to the widely watched S&P Case-Shiller Home Price Indices. Local prices were largely unchanged from the prior month, posting an 0.8 percent gain. Portland narrowly outperformed a 20-city average, which showed an overall increase of 12.9 percent.
Sales of new homes increased by 6.4 percent in April to a seasonally adjusted rate of 433,000, according to the U.S. Census Bureau. Sales of existing homes also increased last month, but only by 1.3 percent, according to the National Association of Realtors. Put the two reports together, and it’s an encouraging sign that housing has shaken off its winter-induced doldrums. But sales of both new homes and existing homes were below what they were in April 2013.
Colton Properties Past Project List