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 including a condo segment. He has completed hundreds of condo sales throughout the Portland metro and keeps a close eye on the unique factors involved in selling condos.

If you’re thinking of selling your condo in the next twelve months, Stephen would love to tour your unit. Call today to set an appointment.

Stephen FitzMaurice, Realtor
4% Max. to Sell a Condo
Cancel Anytime Policy
Licensed Since 2003
503-714-1111

If you’re considering buying a condo in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.

Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000

portland condos

HOA Fees up 30% since 2020 in Portland, Oregon

June 30, 2023

This is our fourth year calculating average HOA fees in Portland, Oregon. Last year we were surprised to report that HOA fees had jumped a whopping 20% in the city over a short two year period. It is no longer uncommon to see monthly HOA fees top $1,000 a month. These fees are not trivial and are extremely important. In Oregon, the HOA is allowed to foreclose on your property to recover missing HOA payments. Why do HOA fees vary so widely? Bad planning. New construction homes and condos often start with really low HOA fees to attract buyers, along with the idea that no major maintenance will come up anytime soon. Then, if the HOA fails to increase their...


portland condo market

Portland Downton Condos VS. Rest of Condos in the Metro, 2023 Report

April 24, 2023

Condos can be a great lifestyle choice for a home buyer that doesn’t have time or patience for routine home and yard maintenance issues. It can also be a great choice for a home buyer looking to purchase a second home, vacation property, or for someone who travels a lot and needs a low-maintenance homebased to return to. There are many reasons home buyers choose the condo lifestyle. Recent Market History for Condos in Portland, Oregon There are also many reasons why the Portland, Oregon condo market has been struggling since 2018. From 2017-2020 the heavy development of multiple luxury apartments in key locations (inner-eastside and downtown) have pulled potential condo buyers into high-rise luxury rental markets instead. Then the...


portland condo market 2023

Portland Real Estate Condo Market 2023 Forecast

September 30, 2022

Buying a condo in Portland means prioritizing a special list of considerations. Delving into the condo lifestyle also means more affordability and more freedom to spend your time the way you want—for example, no yard upkeep or high-cost maintenance and repairs. HOA Costs for Portland Condos are Up in a Big Way It is not possible to simply look at Portland condo prices and compare them to detached single family homes. HOA fees have increased 20% since 2020 in Portland, Oregon (we’ve been keeping track). Check out the current average monthly HOA fee you can expect to pay when owning a condo in Portland in 2022. We provide a regular annual report. We also provide a way to search for...


HOA Fees Have Inflated 20% in Portland, Oregon since 2020

August 24, 2022

Many condo complexes and high rises in Portland, Oregon have high monthly HOA fees can cost as much as half the monthly mortgage payment (or more). Many condos and townhomes now have HOA fees well over $1,000 a month. Needless to say, it is important to pay attention to HOA fees when buying or selling real estate in Portland, especially considering recent inflation driven HOA costs. HOA Fees are important. You can lose your home. It is crucial to have some sort of way to compare HOA fees within a greater metro. If you’re living in a HOA now, how would you know if your HOA is charging too much (or even not enough)? If you’re shopping for a condo...


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 –...