So how is the real estate market as of late...the numbers tell you things have cooled a bit. Will we see an uptick with the freshly lowered interest rates. Only time will tell. ;
Buying A Condo In Portland
Minimum Sold Price: $122,000
Total Active Units: 105
Total Sold: 118
Average Sold Price: $450,187
Units Sold/Months Back: 39.3
Median Sold Price: $345,000
Months of Inventory: 2.7
Maximum Sold Price: $1,940,000
Location Location Location: The better the location the higher the price. Whats in a location.
Some Condos are in NW 23rd, Pearl District or downtown, others are around Portland's 4 sections. Pick a location that is good for you. Also the location in the high rise is key... so ask where it is located.. just because a price is attractive doesnt mean you want a view of the back of a building or a rooftop of A/C units.
HOA's: Fee's are high on some of the high rises. Keep in mind the services can include concierge, parking, grocery service, clubs, security and many many more amenities.
Rent capabilities: Some condos will also allow you to rent it out. They can offer the service or you can rent yourself. Keep in mind if you use their service there are additional fee's involved.
Parking is key - how many spaces do you get !!!!!
Amenties: as described below - what do you get for the price you pay!!! Concierge, gas, water, trash, sewer, recreation, management, pool, cameras etc. are some of the items that are could be covered under your HOA and of course the most valuable question is is a high rise for me. Call an agent who specializes in this market (yes we have specialists that just work condos). They will do the research and the math - this will save you time and money).
Call Josh to get a plan together. 503-522-4859
Click the link below to check out the current condos:
Josh is a proud graduate of the University of Oregon where he earned his BS degree. Upon graduation he followed his entrepreneur spirit and opened his first business. Josh started Burgess Services, wh....