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The Strand West Tower Released

The West Tower of the Strand was released for sale today. Units range from $319,000 for 792 square feet to over $2 million for a penthouse.

$1000 a Square Foot in Portland?

Two years ago, we used to tell our clients to expect around $280-$300 a square foot for downtown Portland condo space. Last year it was about $350. Now $400+. We’re not talking penthouses here. Just a nice condo …

Who Buys New Construction Condos?

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 …

Who are the Buyers?

Another front page Oregonian headline today about the condo market, specificly the John Ross Condos in the South Waterfront. Over 80% of their units sold within a week of release. Who are these buyers and where are they …

Portland Loft and Condo Update

Build it and they will come. Actually, don’t even break ground and they will come. If the Portland real estate market is hot, the Portland condo market is on fire. The demand for lofts and condos in Portland …

John Ross Taking Reservations Soon

The John Ross in the South River Blocks will start taking reservation on July 9th through July 17th by appoinment only and then will release the remaining units to the public on the 19th. They are not selling …

The Strand- Limited Availability and Higher Prices

The Strand down at Riverplace was wildly popular when it was released in April. Now, just a few units in the first two buildings remain available. The West Tower will be released later in the year.

Northwest Portland Upcoming Projects

We’ve already talked a lot about the Strand, Vaux, Merriwether, and other complexes already under construction. A special note and condolences goes out to the friends and family of Erik van Doormick, the developer of the Benson Tower, …

What Will the Market Bear?

You can’t turn the TV on or open the newspaper without finding a feature about home prices these days. Traditional methods of pricing a home don’t work in this market. Even looking back at the past six months …

Portland New Construction Loft/Condo Reservation Q&A

I’ve had multiple requests in the last couple of days on the topic of the reservation process for new construction. There is no uniform policy so the answers here mostly use The Strand as an example. Keep in …