Downtown Portland, OR Condo Market -- What's Trending Year in Review

Downtown Portland, OR Condo -- What's Trending Year in Review

These graphs show the activity and trends of condo units in the Downtown Portland (Area 148) market, in Zip Codes: 97201, 97205, 97205.

Dates:  February 2009 through January 2010

Source: RMLS*

As you can see -- the Downtown Portland Condo Market had its share of decline in values.  There were 1,502 listings, 500 Sold, and there are 564 Active listings.  The months of inventory is 13.8.  

The Min. Sold Price was $72,000 and the Max. Sold Price was $2.7M.  But, the AVERAGE SALES price of a Downtown Condo plugged in at @ $444,295. 

NOTE:  FHA has changed their rules on condos, effective February 1, 2010.  It is STRONGLY suggested you check with your lender to see if the condo compex you have interest in will allow FHA financing. NOT ALL CONDOS are FHA 'approved.' 

*EBA Portland, LLC was granted permission by RMLS^TM