The John Ross in the South Waterfront has lowered prices in response to the recent auction of 40 Atwater Place units last month.  Unit 2901 was first listed March 3, 2006 for $1,074,800.  It is now listed for $579,000.  The lowest priced unit listed in RMLS is $169,950. I’ve always liked the idea of the… Continue reading John Ross Responds to Atwater Place Auction

Rumors started a couple of weeks that units in the John Ross might be coming.  They are.  KGW reported this morning and Ryan Frank at the Oregonian wrote yesterday that the John Ross is following in the footsteps of  the Atwater Place auction and going to auction on April 11th.

Fifty John Ross condos in the South Waterfront go on the auction block this Sunday. Almost five years ago, I wrote this post on “Who Buys New Construction Condos?” It provided a demographic breakdown that the Oregonian published of the 200 pending buyer contracts:

The John Ross sold over 200 units the first week they were on the market. Who are these people and where do they come from? The Oregonian answered the question in Sunday’s paper: 52% are between 20-30 years old 20% between 30-39 20% between 40-49 6% between 50-59 2% 60 and older 54% are local… Continue reading Who Buys New Construction Condos?

I just received an email from the sales team at the John Ross in the South Waterfront.  The units are sold out.  There are six resale units listed in RMLS.   It’s taken five years to sell through the 303 units.  Back in September of 2005 I wrote about who the buyer’s of the John Ross… Continue reading John Ross Sells Out