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Tuesday, February 10, 2009

Portland Condominiums Your Home

By A. Kim

Portland Oregon is a great place for families and great place to call home. It is a thriving community with many outdoor activities and parks for you to enjoy. Whether you are a single person or a family looking for spacious living place, Portland condominiums might be just the right option for you.

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 the recent credit crisis in the US, prices of Portland condominiums have become very affordable to average middle income families. With large investments in areas like downtown Portland, Pearl District, and South Waterfront, there is larger inventories of unsold homes. Even some luxurious condo developments.

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.

$250 per square feet is the average sales price in middle of 2008 and have declined some more since then, further allowing buyers who has long term horizon. Prices of housing will not come back to the highs reached in the mid 2000's, but if you have long term perspective this might be the perfect time to purchase one.

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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