Portland Condo Sales for September
Portland condominium and loft sales were down 30% from just 1 month ago. For the areas we cover in the +$250,000 markets, just north of the Pearl District to Downtown and South Waterfront, 49 sales were recorded. The highest percentage of sales this month were in the $300,000 to $400,000 range. Only 1 million + condo sold this month and that was a unit at The Casey that sold for $1,295,000.
As we move forward, we should have about another month before things really start to slow down through the holidays. Is it a good time if you are a seller and thinking about selling right now? I think so. Inventory is still very low and the buyers are out there. They are being more patient with their buying decisions, but they are out there! What buildings are selling right now? In the month of September, a number of buildings had multiple sales. Leading the pack were Pacifica Tower just north of the Pearl District, and The Henry which had 4 sales.