Portland Condo and HOA Reports

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.

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portland condo market 2019

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

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 condo real estate

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 condos to buy

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)...

portland real estate condos

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...

condos in portland

Buying a Portland Condo: Six questions to ask

December 1, 2013

Condo sales in the Portland real estate market are steadily rising. Portland condos took the hardest hit during the housing bubble and crash, but are rebounding fast. Many think a Portland condo is one of your best (and last) chances to still get a deal from the Portland housing market crash. From first-time homebuyers to empty-nesters looking to downsize, a condo is a great, affordable housing option for many Portland residents. With inventory in the Portland housing market low and the economy picking up again, condos are becoming an even more popular option. But owning a condo is different from owning a house for several reasons. Before you buy, read the fine print and ask plenty of questions. Here are...