Buying real estate at auction usually conjured up visions of the county courthouse steps and massive fixer projects. The last couple of years has changed that. We’ve seen numerous builders unload inventory of new construction homes in the Portland area via auction. On September 20th you’ll have the opportunity to buy brand new luxury condominiums… Continue reading South Waterfront on Auction Block
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:
If you picked up yesterday’s print Oregonian you’d have seen Ryan Frank’s featured cover story on the lack of low income housing in the South Waterfront. Low income housing has always been a part of the plan for the area but it is yet to materialize. Ryan has moved from the real estate desk to… Continue reading South Waterfront Front Page News. Salpare Bay in Oregonian Again
Is the Portland’s South Waterfront competitive with the Pearl District? Let’s look at the two areas of concentrated high rise buildings and see how they compare according to RMLS. Note that the stats here rely on what was entered into RMLS so probably does not include most sold by the sales office directly to buyers. … Continue reading Pearl District Versus South Waterfront
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?
Once discounted as a failed experiment, the South Waterfront in Portland is a growing area, now being labeled as “Portland’s Newest Neighborhood.” Originally tailored to an older generation, this booming area of Portland is expanding into a diverse community. A once industrial area is now an ever-expanding high-density residential area with an interesting penchant towards… Continue reading South Waterfront: Portland’s Newest Neighborhood