Thursday, January 29, 2009

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 recent downturn in US economy, the prices have become very affordable to everyone, especially Portland condominiums buyers. There has been huge investments in Pearl District, South Waterfront, and many of the downtown areas, but few of the luxurious condo developments have stalled with larger than normal inventories of unsold condos.

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 average sales price of per square feet have declined to $250 in middle to late 2008, fueling new buyers who are looking at long term horizon, not the short flip minded investor of early 2000's. It might takes years before the housing market returns to its highs, but it is perfect time for these long term investors or home buyers.

Whether your looking for convenience or many moder amenities Portland condominiums will be perfect for those requiring carefree living without headaches of owning a home. All of the repairs and maintenance will be taken care of by the association. Now is the perfect time for one to look into these homes before the US real estate market rebounds in late 2009 and early 2010, these will be perfect investments. - 16003

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