Comments on: Portland Condo Market Update

By: Ron Ares

Ron Ares — Fri, 07 Sep 2007 05:34:16 +0000

Beth,

I’ve updated the condo stats recently. See http://www.repdx.com/2007/08/29/downtown-portland-condo-report-august-2007/

I wouldn’t worry about the cranes….they’re too far from completion to be competition. Hang in there!

By: beth

beth — Thu, 06 Sep 2007 23:05:56 +0000

Have bought a new property while my condo in the Pearl has not sold yet. Been on the market 3 mos now, cant decide to hang in there or try to rent out, hoping the market will turn around. With the 9 cranes in the neighborhood – I may have competition!

By: Ron Ares

Ron Ares — Wed, 18 Jul 2007 05:30:54 +0000

Josh,

Many of the West Hills and Sylvan condos are actually apartment conversions. They weren’t built as condos or with the amenities of today’s construction. Many have been upgraded on the inside, but still look like 70′s apartments on the outside.

By: Josh

Josh — Mon, 16 Jul 2007 05:32:13 +0000

It seems that the best condo prices close to downtown are actually in the hills. The west hills/Sylvan Heights area seems to be way under valued for the proximity to the city. What is the reason for this?

By: Lou

Lou — Fri, 08 Dec 2006 01:58:21 +0000

I was looking for sites on tax liens and came across yours. This is a very informative site about the Portland Real Estate market and as a Seattle resident, it's full of useful info if I ever want to move. Lou Harris

By: Nancy

Nancy — Mon, 16 Oct 2006 19:43:31 +0000

I have a reasonalby priced wmaterfront condo on Hayden Island. Might make a great investment for someone. I had a buyer but the sale fell through due to the buyer have some family obligations out-of-state.

By: Randall Lewis

Randall Lewis — Thu, 21 Sep 2006 08:16:47 +0000

I think your site is very informative. I am interested in finding a reasonable priced condo in downtown Portland as an investment/rental property. The real problem is that the condo market is really slowing down accross the USA. Even though the economy in Portland is healthy, and downtown units always will remain the best of investments (Pearl & waterfront areas) the current prices do not match the Portland economy and/or options available with regard to traditional stand alone housing. I wonder how long it will take for the current real estate slow down to seriously effect the Portland condo market prices? If the overall trend continues, one would expect the condo market to be hit with a slow down significantly exceeding that of the traditional home market due to a number of factors which I wont mention here. I suppose my point in writing you this message is that if you are in the condo market at the moment, it is probably wise to sit back and wait for two things to happen: 1. forclosures and short sales due to rising interest rates on adjustable rate mortgages people have used to buy over priced condos in Portland and 2. a drop in the market overall as a result of the nationwide housing slow down (bust if you want to call it that). In short, buy in Pearl and at the Waterfront, it will always be a great investment, but the caution is to wait, sit back and see what happens as things are not imporoving at the moment.

By: re:PDX - Portland Oregon Real Estate » Condo Market Update - August 2006

re:PDX - Portland Oregon Real Estate » Condo Market Update - August 2006 — Sat, 19 Aug 2006 01:55:39 +0000

[...] Compared to my April post, the downtown inventory is up 75%. So are the Northeast Portland units. Much of that can be attributed to the completion and release of apartment conversions (like the Harrison) and near-completion of new projects like the Vaux. The all-so-important time on market measure hasn’t changed all that dramatically. [...]

By: Matthew L. Stanley

Matthew L. Stanley — Fri, 11 Aug 2006 14:54:50 +0000

Very nice site!

By: Anne

Anne — Fri, 21 Jul 2006 16:45:44 +0000

I was wondering about some new projects that are going on in the Mississpi area..I can’t find and information. Thanks!