Edge Lofts

Edge Lofts 1410 NW Kearney St, Portland OR 97209 Build in 2004, Edge Lofts is a contemporary steel and glass loft building. 123 modern lofts sit on top of REI’s Portland flagship store. This imposing sleek structure provides a modern home for those looking to enjoy urban lifestyle in Portland’s Pearl District. The Edge raises 11-stories high with residential units on floors 5-11.  280 parking spaces on the second, third and fourth floors, with additional space below ground provide ample parking for all units. REI occupies a 35,000 square foot store on the first and second floors. Flooded with natural

Pearl District Condo Sales

The driving force behind Portland’s Pearl District condo sales is lack of inventory, creating a seller’s market. The inventory in months shows how long it would take to sell the remaining inventory. Pearl District’s inventory of condos would take a little less than two months to sell. The big story is how fast this market is. With only two months of condo inventory available for sale many condos sell within a few days. The last time inventory was this low was over a decade ago. Five to six months of real estate inventory is neutral. A neutral market does not

Edge Lofts

Edge Lofts – 1410 NW Kearney St, Portland OR 97209 Build in 2004, Edge Lofts is a contemporary steel and glass loft building. 123 modern lofts sit on top of REI’s Portland flagship store. This imposing sleek structure provides a modern home for those looking to enjoy urban lifestyle in Portland’s Pearl District. The Edge raises 11-stories high with residential units on floors 5-11.  280 parking spaces on the second, third and fourth floors, with additional space below ground provide ample parking for all units. REI occupies a 35,000 square foot store on the first and second floors. Flooded with

June 2013 Pearl District Condo Market Update

June Condo Sales Cool Off A Little June cooled down a little from a very hot May real estate market. Closed Portland Metropolitan area condominium sales deceased nine percent from May. However, June showed an increase of seventeen percent over last June’s closed sales.The average sold price dropped six percent from the previous month resulting in an average sold price of $238,606.  The average condominium sold prices increased seventeen percentage over June of the previous year. Pearl District June 2013 Condo Update I love to compare Pearl District condo sales to the Portland Metropolitan area. The Pearl District is Portland’s

Breaking News: Pearl District Condo Sales Break Record

May, 2013 Pearl District Condo Sales Increase 75% over April Portland condo sales are hot. Pearl District condo sales activity is on fire with fifty-six closed condos and lofts in May.  An increase  75%  over April, and and a 27% increase over May 2012. We haven’t seen this much activity since June 2008, when seventy-three condos sold. Four years and eleven months ago. May’s condo sales activity plateaued at fifty-eight units that entered pending status (offers accepted). Condos are selling in all price ranges. In May the least expensive Pearl District condo sold for $127,000. The most expensive condo was

Three Bedroom Portland Condos

How Many Portland Condos have three or more bedrooms? A prospective condominium buyer told me their lender said the best condo to purchase for resale value is a three bedroom unit. Very few Portland condos have three or more bedrooms. This is not the norm. The average active condo listing on the west-side downtown neighborhoods is 1,334 square feet with 1 or 2 bedrooms. One bedroom condos out number two bedrooms with 47 percentage of the total. Two bedroom condos follow at 38 percentage. Studios with no bedrooms are five percent of the total. Three and four bedroom condos make

Portland Condo Sales over One Million Dollars

Portland Condo Sales over One Million Dollars are increasing Portland condo sales of  luxury condos for over a million dollars is doing very well. 2012 sales of one-million-plus condo properties increased  267 percent over 2011. From 12 units to 32 units sold. The first quarter of 2013 showed nine million-dollar-plus condos sold. The average million-plus sold price for the first four months of 2013 was $1,170,000. While the average price per square foot $491. The average square footage was 2,506.   Take a look at the Top Ten most expensive Portland condo sales for the first quarter 2013Price range: $1,050,000

Pearl District Condo Spotlight

Marshall Wells Lofts- Pearl District Condo Building – Search all Marshall Wells listings 1420 Northwest Lovejoy Street, Portland 97209 This week’s condo building spotlight is the Pearl District‘s historic Marshall Wells Lofts. Modern conveniences plus the character and charm of yesterday. An actual old warehouse in a neighborhood of new ones. Marshall Wells was designed in 1910 as a  industrial warehouse for the Marshall-Wells Hardware Company. Listed on the National Register of Historic Places all the units have a property tax abatement through 2016.  Occupying a full block, this historically registered warehouse was converted in 2001 to 164 residential condos,

Pearl District Condo Spotlight: Hoyt Commons

Spotlight:  2-Bedroom Complete Remodel at the Hoyt Commons in the Pearl Hoyt Commons #412 618 Northwest 12th Avenue   Search all Portland condo, loft, and townhouses Listings. This stunning west-facing top-floor Pearl District condo at the Hoyt Commons building just came on the market.  It’s a spacious 1,163 square foot two-bedroom right in the middle of the Pearl. Completely remodeled with attention to detail and luxurious finishes. The result a beautiful contemporary urban retreat.  Unit #412 comes with an emphasis on open and transparency. Enjoy an abundant of natural light streaming in through walls of floor-to-ceiling windows and skylights.

Pearl District Fields Park

New Park in the Pearl District – Fields Park The latest park in the Pearl District opened to the public this week. It’s been a long time coming. I’m happy it’s here now.  Mothers and small children, Pearl District residents and their dogs are already enjoying this open space. Over three acres of land was donated to the city of Portland from Hoyt Street Properties to use as a park area. This is the third park in the Pearl. Fields Park is the largest park in the Pearl. Over three acres of green grass, children’s play area, dog walks, and