Sunday, February 1, 2009

Buying Portland Condominiums

By A. Kim

If your looking for a thriving community with abundance of parks and outdoor activities, Portland, Oregon truly can be called sweet home. Whether you a family looking for a spacious home or a single person looking for a urban living, Portland condominiums is just an excellent option to choose.

Portland's moderate temperature and great outdoors environment makes it one of great place to live in places like Hillsboro, Lake Oswego, West Linn, Tigard, and greater Portland area.

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.

The average price of Portland condominiums have been $478 per square feet in late 2007, but these prices have declined significantly. With inventories of unsold condos reaching its high, this is perfect time to buy for those who have enough money for down payments.

The per square feet sales price have declined to about $250 in middle of 2008, further fueling buying for those who are in it for the long terms, since prices will not come back to its highs anytime soon, it might take years, but this is perfect time to buy for investors or those looking for a home.

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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