Buying Portland Condominiums
Are you looking for great place to live and call home? You should check out Portland, Oregon, a thriving community with many outdoor activities and many things to do in the Pacific Northwest. If you are seeking for a spacious home, Portland condominiums is an easy option for you to choose.
Great outdoors and moderate weather makes Portland one of best larger cities to live in. With many tech companies calling Portland home, places like Tigard, Hillsboro, Lake Oswego, West Linn makes greater Portland ideal place to call home.
Prices have become very affordable for all types of buyers, but especially for those seeking Portland condominiums, there has been not better time. With the recent housing bust, inventories of housing and unsold condos have climbed to record levels. There has been huge investments in South Waterfront, Pearl District and the downtown areas, but some luxury condo construction have stalled because of economic conditions.
Level of unsold condos have reached all time highs, which makes it a perfect time for first time buyers seeking value. The average sales price of Portland condominiums have been at $478 per square feet in 2007, but it has since declined.
The average sales price of per square feet have declined to $250 in middle to late 2008, fueling new buyers who are looking at long term horizon, not the short flip minded investor of early 2000's. It might takes years before the housing market returns to its highs, but it is perfect time for these long term investors or home buyers.
So, whether you are looking for a living without headaches of owning a home, this option makes perfect sense. It offers convenience and modern urban living for those who just want to enjoy there living space. The residential real estate market should rebound starting late 2009 to early 2010, you should be step ahead as you research the opportunities.
Great outdoors and moderate weather makes Portland one of best larger cities to live in. With many tech companies calling Portland home, places like Tigard, Hillsboro, Lake Oswego, West Linn makes greater Portland ideal place to call home.
Prices have become very affordable for all types of buyers, but especially for those seeking Portland condominiums, there has been not better time. With the recent housing bust, inventories of housing and unsold condos have climbed to record levels. There has been huge investments in South Waterfront, Pearl District and the downtown areas, but some luxury condo construction have stalled because of economic conditions.
Level of unsold condos have reached all time highs, which makes it a perfect time for first time buyers seeking value. The average sales price of Portland condominiums have been at $478 per square feet in 2007, but it has since declined.
The average sales price of per square feet have declined to $250 in middle to late 2008, fueling new buyers who are looking at long term horizon, not the short flip minded investor of early 2000's. It might takes years before the housing market returns to its highs, but it is perfect time for these long term investors or home buyers.
So, whether you are looking for a living without headaches of owning a home, this option makes perfect sense. It offers convenience and modern urban living for those who just want to enjoy there living space. The residential real estate market should rebound starting late 2009 to early 2010, you should be step ahead as you research the opportunities.
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When making Portland condominiums you home, please review Portland Condominiums, and Portland Condominiums
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