Portland Condos

Portland Real Estate Condo Market

We write regular reports on the state of the Portland condo market, annual reports on average HOA costs, condo buyer’s guides, condo lifestyle tips, and more.

Portland Condo Agents

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Looking to buy a condo? Work with a buyer’s specialist with extensive condo sales experience.

Our team has experience in hundreds of local Portland metro area condo sales and would love to help you. Give us a call today at 503-714-1111.

Portland Real Estate Condo Market 2021

February 3, 2021

Portland Condo Market 2021 Condos finished better in 2020. As in all Portland market sectors, it was a rough spring, with buyer activity tanking in March. But things picked up again in summer, and the peak month for 2020 condo sales was September, when nearly 900 were sold. Numbers stayed strong through the remainder of the year, and the number of condos sold in the second half of 2020 was overall a pretty close match to the activity in 2019. 2. Condos span the price gradient. As you can see from the chart above, there are condos available across the Portland metro area in a range of prices. To generate your own graph showing change in condo prices over time...

Portland Condo Buyers’ Guide 2020

July 6, 2020

Summer 2020 Portland real estate market provides an excellent opportunity to invest in a condo in Portland. We’re seeing a decrease in buyer activity and falling prices in response to COVID-19. Whether you’re a first-time buyer, a homeowner looking to downsize or in search of your perfect second home, here’s our definitive Condo Buyers’ Guide for Portland.  What is it like to live in a condo?  Condo owners enjoy many more amenities than the typical homeowner, from killer views atop high-rises to the privacy of a gated community with swimming pools and tennis courts. However, buyers must enter into HOA agreements carefully, and check the HOA’s financials to be sure that all of the shared costs will be covered.  From...

Average HOA Cost in Portland Real Estate – 2020 Report

June 19, 2020

The average HOA or home owners association fee amount in the city of Portland isn’t easy to obtain. Sure, we have access to all the sold data as real estate agents, but HOAs are wildly different from one another. Some HOAs have no fees, they simply exists to enforce certain building standards or conditions of the homes in their area. Some HOAs cover very little, like a once a year $50 fee to maintain a community sign. Other HOAs cover all or most utilities, exterior maintenance, internet, pools, club houses, private parks, and much more. So it is tough to get an average cost, but it can be done. HOA Cost Formula Criteria In order to give the public an...

Portland Condo Market: Affordable Choice for 2020 Home Buyers

March 27, 2020

Are you looking for a Portland home on a budget? Maybe it’s time to give condos a second look. Consider the following:  Condo buyers have more options. As of March 2020, there were 470 homes listed on the Portland real estate market for under 400K. In the same price range, there were 570 condos available. Visit Portlandhomesforsale.com for all condos and townhomes currently for sale in the Portland metro area. At the low end of Portland real estate values, condos rule. The top 38 cheapest homes currently listed for sale in Portland (not including manufactured or mobile homes) are condos. Currently the median list price for a Portland condo, according to Fidelity National Title, is just over $430,000. That’s usually...

10 Things to Know Before Buying a Condo in Portland

January 20, 2020

Half of the condos in Portland are downtown. A recent real estate search found that nearly half of the condos currently on the market in Portland are located in the downtown area, including the Peal District, Nob Hill, Goose Hollow and South Waterfront neighborhoods.  Portland condos are green. For those wishing to do without a personal vehicle, buying a condo may be the best way to do it. From a downtown Portland condo, shops, restaurants and offices are steps away. Portland’s mass transit system — including light rail, streetcar and bus — will get you anywhere you need to go in the metro area. And many Portland condo highrises are built to the highest green standard available: LEED Platinum. Most condos are...

Portland Condo Market – 2019 Update

April 9, 2019

The Portland condo market has seen better days. For starters, where are the new condos? For the last ten years Portland has only added 794 condo units and in the same time period added thousands of apartments. In fact, that is one of the major reasons for the Portland condo market cooldown – all the cranes we’re all watching have ended up constructing apartments or offices, seemingly anything but new condos. Despite the lack of new Portland condos, it has been increasingly tough to move them. Portland condo inventory has increased dramatically over time. Active Portland condos on the spring market: April 2017 – 360 for sale in April. April 2018 – 575 for sale in April. April 2019 –...

Portland Condo Guide: 2019 Edition

February 25, 2019

Portland is not known as a condo city, but they can be a great bargain for those who need a home here without all the responsibilities of a detached dwelling. If your lifestyle is more focused on work and play than on replacing a roof or taking care of a lawn, you might enjoy the carefree condo lifestyle. Condos can also be fantastic green living choice. Your footprint is much smaller and you are often in walking distance to shops, restaurants, and potentially even your office. Although new condo units have been slow to come on the Portland market over the past decade, developers are once again breaking ground to bring more condos to the metro area. And it seems...

Portland Home vs Condo: Affordability

August 3, 2018

Last week, the Oregon Office of Economic Analysis reported that the housing market in Portland is “rebalancing”. In other words, the Portland real estate market is cooling fast. In a recent blog post, they outlined the indications that we’re seeing a once-in-a-decade shift in the forces favoring sellers over buyers. Long story short: Inventory is coming back up and the number of days on market is lengthening. On the other hand, mortgage rates in Portland are also going up again, and the average home price remains high. For first-time home buyers, getting into their first home might still be tricky. According to the blog post, “The combination of higher interest rates and home prices mean households have to devote a...

Portland Condo Ownership: FAQ – Frequently Asked Questions

April 2, 2018

Who lives in Portland condos? Everyone! Families and pet owners, community-minded people and folks that want privacy. Really, most of the stereotypes you hear about condo living are untrue — there are condo communities that will be a good match for just about anyone, but it’s a good idea to take a close look at the Homeowners’ Association rules before you buy. Nationally, there are two distinct demographics who are especially excited about condos right now. One is millennials — twenty and thirty somethings just out of college or starting their careers. For them, condos are an affordable option in Portland, and they know they won’t have to spend extra time or money on maintenance because it’s all covered (usually)...

Buying a Condo in Portland: Ten Things to Know

April 4, 2017

Buying instead of renting in a tight housing market may seem counterintuitive. Portland renters, however, know that availability is low and rents are high. (Most would say it is easier to buy a Portland home than rent one right now!) Meanwhile, mortgage rates are still low. All of this adds up to mean that in many cases, overall home ownership costs including the mortgage, is more affordable than rent! One affordable option for buying a home in Portland is to find a condo or townhome. Unfortunately, many buyers don’t consider this option because there is a perception of a lot of red tape and extra fees. However, with a great Portland real estate agent on their side, buyers can navigate...