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Thursday, January 29, 2009

Buying Portland Condominiums

By A. Kim

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.

The average price of Portland condominiums have been $478 per square feet in late 2007, but these prices have declined significantly. With inventories of unsold condos reaching its high, this is perfect time to buy for those who have enough money for down payments.

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.

Whether your looking for convenience or many moder amenities Portland condominiums will be perfect for those requiring carefree living without headaches of owning a home. All of the repairs and maintenance will be taken care of by the association. Now is the perfect time for one to look into these homes before the US real estate market rebounds in late 2009 and early 2010, these will be perfect investments.

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