Real Estate Resource

Remember only 2 years ago there was almost a mob scene on the streets of the Pearl District as buyers vied for the possibility of a unit in the Lexis Condo conversion?  Shortly after that fiasco, the developer saw the wisdom in a “lottery” (as opposed to a “street brawl”) when selling their newest project which would be called the Metropolitan Condos.  Okay, so that was then and this is now!  What happened to the seemingly endless parade of condo buyers?  I think most of us living & working in the downtown Cultural District, Pearl District, Goose Hollow and the mostly vintage Alphabet District (NW Portland) saw this coming awhile back.  I guess you never know when the “light will turn red” exactly, but the overbuilding did seem obvious to me.  However, I own 3 condos and it’s a lifestyle choice for me!  “Easy Living”:  so, when you finally (maybe) get some time off, you simply “lock & leave”!!  You don’t look back!  And, there’s the benefit (with downtown condos) to walk out your door, catch a streetcar or walk and enjoy a few minutes without a huge time commitment.  They also make easy rentals with very little maintenance or hassle.  So, I think we just have to “ride this one out”!  The NW cities of Portland & Seattle are still considered prime destinations for retirement & relocation.  We have a vital & relatively safe downtown and we continue to enjoy really good press throughout the country.  If you want to wade through the latest market stats you can visit www.reresource.biz and click on “Market Stats” (last entry on the left side nav bar)….enjoy

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• Pearl District Stats & Opinions!
• The “State of Real Estate” in the “State of Oregon”
• What’s Going on in the Pearl???
• How Does Portland Compare????
• IS IT ALWAYS A GOOD TIME TO BUY???

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