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Beaverton Condos . . . A Little Stroll Down Memory Lane

By Carla Muss-Jacobs, RETIRED

Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

March 11, 2011 12:43 PM

Recently, an investor called me to discuss the Beaverton condos market. I did a little research for my own self-edification and found out what Beaverton condos were doing, and what Beaverton condos are currently doing.

Here are some examples of Beverton Condos -- pricing now . . . and then:

THESE ARE CURRENT CONDO LISTINGS -- COMPARED TO WHAT THEY SOLD FOR

MLS # 10092868 currently listed $61,230 / SOLD $133,000 4/15/07

MLS # 11200198 currently listed $61,500 / SOLD $83,000 11/10/05

MLS # 10050792 currently listed $68,000 / SOLD $99,999 5/23/06

MLS # 10080355 currently listed $75,000 / SOLD $150,000 12/22/05

MLS # 11441121 currently listed $75,000 / SOLD $99,729 5/28/98

MLS # 11012687 currently listed $75,900 / SOLD $93,000 7/30/03

MLS # 11510148 currently listed $75,500 / SOLD $130,000 9/15/05

MLS # 10046414 currently listed $79,700 / SOLD $120,000 3/16/10

MLS # 11474147 currently listed $79,900 / SOLD $120,125 10/19/09

MLS # 10090746 currently listed $79,950 / SOLD $116,000 6/15/07

MLS # 10087572 currently listed $79,990 / SOLD $122,000 5/22/09

MLS # 11196062 currently listed $80,000 / SOLD $114,000 8/12/05

MLS # 10064132 currently listed $82,000 / SOLD $133,000 12/5/06

MLS # 11639880 currently listed $83,950 / SOLD $143,260 11/8/02

MLS # 11388185 currently listed $94,900 / SOLD $182,000 8/20/07

MLS # 10093201 currently listed $99,000 / SOLD $169,900 2/8/08

MLS # 11431260 currently listed $99,900 / SOLD $163,000 3/11/07

MLS # 11207147 currently listed $100,000 / SOLD $139,900 2/21/06

If you're thinking of Beaverton condos . . . perhaps now's a good time to look?!?

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Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

Wow Carla, high demand product in Beaverton condos.

Mar 11, 2011 02:54 PM

Sharon Alters

Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL

Realtor - Homes for Sale Fleming Island FL

Wow, Carla, looking at those prices, you are below 1998 prices! I just read where housing is as much as 20% undervalued right now and also somewhere said it was 6% undervalued if we had never had a bubble. Beaverton Condos are WAY undervalued, but so they are here. Condos have definitely taken the worst hit. Very interesting stats...

Mar 11, 2011 03:29 PM

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

WOW, that's all i got. WOW

Mar 11, 2011 04:07 PM

Cindy Marchant

Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN

"Cindy in Indy" , Realtor, Fishers Real Estate

Those are some amazing deals compared to where they were bought..yikes!

Mar 12, 2011 12:08 AM

Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula

Realty Works Temecula - Temecula, CA

Realty Works Temecula

Carla: A simple yet extremely important ingredient in home buying!

Mar 12, 2011 05:20 AM

Laraine Shape

Comey & Shepherd Realtors - Glendale, OH

Selling Cincinnati...one kitchen at a time

Aahhhh, the good old days.

Mar 12, 2011 10:48 AM

Carla Muss-Jacobs, RETIRED

RETIRED / State License is Inactive - Portland, OR

Hi Gary . . . hmmmm . . . it was.

Hey Frank & Sharon -- what is really killing the prices is the HIGH HOA's on some of these units. If any buyer is considering a condo in some of these HOA's they're looking at $350/month. That amount is calculated and pulls away from they loan to value, hence some of these low priced units.

Hi Tammy . . . WOW turned upside down is MOM! :-)

Hey Cind in Indy -- yikes to the previous owners!! But at the time, that's what they were going for.

Hi Jane . . . very simple, and as you say important.

Hey RL (Ralph Lauren Laraine) -- Yup ...

Mar 12, 2011 11:08 AM

Clark Cook

1st Choice Realty of Fayetteville, LLC - Fayetteville, NC

Marketing Homes For Sale In Fayetteville NC Area

Hey Carla! good job on the research. The investor is working with a PRO!

Mar 13, 2011 07:45 AM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Carla that is why I love to examine stats, so should buyers and sellers it sure tells the story.

Mar 13, 2011 09:04 AM

Rebecca Gaujot, Realtor®

Lewisburg, WV

Lewisburg WV, the go to agent for all real estate

Carla, great stats and unbelievable what they listed at and sold for...a big WOW!

Mar 13, 2011 12:52 PM

Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.

eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC

Talk To or Text Peter 250-213-9490

HI Carla,

some super buys in your town for sure, investors should be paying attention with great posts like this, good for you.

Have a Pfanntastic Week

Mar 14, 2011 08:35 AM

Charita Cadenhead

eXp Realty - Birmingham, AL

Serving Jefferson and Shelby Counties (Alabama)

That's painfully incredible for those who bought several years ago and a once in a lifetime opportunity for those currently looking to purchase a condo.

Mar 17, 2011 04:56 AM

@Charita . . . the sad thing on some of the condo complexes . . . the HOA's a KILLING any type of deal. They are over $300/month . . . that's ridiculous and the sign of a very expensive outside managment company bleeding it dry, IMHO.

Mar 17, 2011 05:28 AM

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Carla Muss-Jacobs, RETIRED

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