Portland Condo Market

Stephen FitzMaurice, Realtor licensed since 2003 writes an annual report on the Portland condo market in addition to monthly greater Portland real estate market updates typically include a condo segment. He has completed hundreds of condo sales throughout the metro and keeps an eye on the unique factors involved in selling condos.

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portland condo market 2022

Portland Real Estate Condo Market, 2022

May 27, 2022

Recent history. The Portland condo market took an absolute beating in 2020 after slowing down for years prior to the start of the pandemic. While the single family real estate market in Portland started booming by fall 2020 and hasn’t stopped skyrocketing (until very, very recently), the condo market in 2021 saw modest gains and recovery from an absolute frigid 2020. Now the condo market in Portland, having lived through the early stretches of the pandemic and the downtown riots that followed, is finally stable again in 2022. However, did the Portland condo market recover just in time for the greater real estate market to drop? Looking at the Utterly Terrible 2020 Portland Condo Market For much of 2020, only...


average hoa fees and costs

Average HOA Fees in Portland 2021. Are your HOA fees too high?

June 28, 2021

Some HOA fees are too high due to past mismanagement There are some condo complexes in Portland right now that have higher monthly HOA fees than the cost of the monthly mortgage if you were to buy one of their condos for sale. This happens for two main reasons. First, sometimes HOA management collected too little in fees for too many years, giving themselves a financial break at the time by not saving up properly for future costs to cover whatever the HOA made itself responsible for. This is why it is crucial for a condo buyer to analyze the HOAs financials and reserve study before purchasing, to make sure the HOA won’t suddenly have a special assessment (huge hike...


portland real estate condo market

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...


average hoa cost portland real estate

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 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 –...