May
15
2008
Portland Spaces Condo Graphic
By Charles TurnerPortland Spaces is one of our city’s newest magazines. I received a clip of the condo graphic via email a couple of days ago with no source so it took a little tracking down. Portland Spaces has graciously allowed it to be reproduced here as it appeared on page 34 of May/June issue. A little number crunching shows the average percentage of listed condos against those built in the last five years for the six cities is 37%.
| Active | Built | ||
| Portland | 1503 | 6575 | 23% |
| Seattle | 3478 | 7961 | 44% |
| Vancouver | 2330 | 17169 | 14% |
| Las Vegas | 7560 | 26382 | 29% |
| Miami | 25424 | 29054 | 88% |
| Phoenix | 3904 | 15769 | 25% |
The only reason I can think of for the Seattle Metro area inventory to be different is that their condos just now coming on line. It would be interesting to see what % of the Seattle new condos were completed in the last 12 months vs Portland.
Large new condo construction is concentrated in Belleview and downtown Seattle. Seattle hasn’t done much to make their core area attractive to residents IMHO – I wonder if there is a sell-through issue.
Hey Rain City Guide bloggers, what ‘ya say?