According to realtor Lynn Hallett, many of those buyers are from out-of-state.
She says she has 25 provings lined up for a three-unit apartment building on the marketplace for $695,000 in Portland’s West End.
“I’ve been informed to expect deals, I think it will go,” Hallett stated.
Hallett has seen appointments among sellers, as most do not desire strangers entering their house during the coronavirus break out.
“A lot of sellers who had planned to sell this bounced back off and (are) simply waiting to see what happens,” Hallett said.
According to property broker Pete Molloy, buyers with monetary means have the upper hand. And most of those purchasers are “from away.”
“It is such a desirable location to live. It’s economical compared to some of these other areas of the nation and people feel like they’re getting more bang for their dollar due to the fact that they’re getting Portland, they’re getting mountains, ocean, lakes– so their quality of life is much better than to be in New York City or be in San Francisco where the values are far, far higher,” Molloy stated.
The message for purchasers: Don’t get prevented and act rapidly, however be prepared to offer above the asking rate.