End of year is typically the slowest time for the Real Estate market and this year is no exception. As a result, the overall number of South Waterfront active condominium listings is now just twelve.
Atwater Place had a solid year selling their available inventory of new units. Follow this link to see year end numbers for the entire district. Of the 62 units sold last year, 7 were bank owned and 10 were short sales.
Portland’s downtown condo market has improved substantially in the past year and prices are now being pushed upward. This is due to low condominium inventory, continued low interest rates, and increased number of active buyers.
Information provided by John Becker, Principal Broker at Realty Trust Group.