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Friday, January 30, 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 Hillsboro, Tigard, Lake Oswego, West Linn, and greater Portland area ideal place to call home. The pacific northwest is filled with national parks within short driving distance like the Rocky Mountain.

With recent downturn in US economy, the prices have become very affordable to everyone, especially Portland condominiums buyers. There has been huge investments in Pearl District, South Waterfront, and many of the downtown areas, but few of the luxurious condo developments have stalled with larger than normal inventories of unsold condos.

$478 per square feet has been an average listing price of Portland condominiums in the late 2007, but recently these prices have decreased significantly. This is perfect time to purchase one for those who have good credit and enough down payments, the inventories of unsold condos have reached unprecedented levels.

The per square feet sales price have declined to about $250 in middle of 2008, further fueling buying for those who are in it for the long terms, since prices will not come back to its highs anytime soon, it might take years, but this is perfect time to buy for investors or those looking for a home.

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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