Market Conditions in 97205>Question Details

togetherbyde…, Home Seller in Portland, OR

Thinking about putting our condo on the market. SW 10th Avenue, Portland, Oregon. 1,800 square feet - first class appoints.

Asked by togetherbydesign, Portland, OR Thu Nov 1, 2012

What are values per square foot doing in this area?

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11
Chris Suarez’s answer
I would welcome the opportunity to sit down with you and discuss the condo market, and more specifically your particular unit. So far this year, my team has closed 24 condo transactions in Portland, for a total volume of over $6M. If you are interested in a free home evaluation, give me a call or shoot me an email and we can set up a time that works best with your schedule. I look forward to meeting with you!

http://www.PDXPropertyGroup.com | Chris@PDXPropertyGroup.com | 503.748.8300
1 vote Thank Flag Link Thu Nov 1, 2012
My #1 suggestion would be to work with a condo specialist!
I often tell sellers that "anyone" can sell your condo...but at what price?
Sure, I would love to compete for your business so don't get me wrong here. If I were selling my condo, I would most likely select an agent that specializes in condos. If you did not select me for your listing, I would gladly give you the name of the 1 or 2 agents that I would select if it were my own. These agents, like myself, specialize with condos and market to condo buyers!

The problem with selecting just "any" agent to sell your condo is that they don't have marketing that is targeted to condo buyers everyday! They might be selling a HOME in the west hills one day and then Lake Oswego the next. They can not flip on a switch and become an expert in marketing condos overnight, it just doesn't work this way. And be prepared...every agent you interview will tell you they will market your condo on the internet!!!

I see that you posted your question the start of November and there has not been a larger new listing come on the market yet this month at Eliot Tower so I am guessing you might still be thinking about selling? At 1,800 square feet, you own a higher end luxury condo that deserves "high"end marketing. I would say to start thinking like a buyer. Start searching Google and Bing like a buyer would...Eliot Tower condominiums, Portland luxury condominiums, What are the HOA fees at Eliot Tower? etc.
The agents that have websites that show up on these searches are probably the agents that you should consider hiring to sell your condo...because they are putting your condo in front of serious buyers! Keep in mind, you don't see Trulia, Zillow or Realtor.com show up on these searches. I bring this up because when most agents say they will "market" your home online, this is usually what they mean...and yes, I also market on all of these websites as well, but it takes much more to do a good job of marketing your condo!

Thanks!
http://www.EliotTowerCondo.com
http://www.LuxuryCondosofPortland.com
0 votes Thank Flag Link Wed Nov 28, 2012
Nice place - nice location

Get the right Realtor and maximize the sale!

Gary Youngman
Web Reference: http://www.garyyoungman.com
0 votes Thank Flag Link Tue Nov 20, 2012
Hi Together!

I currently live, and reside in the immediate vacinity of your current residence. My firm is both located in the downtown area, and extremely active in high-rise and luxury condo sales and aquisitions. Please feel free to contact me directly, or check out Highrises.Com for more specific market information that entails your area, and I look forward to hopefully speaking with you shortly!
0 votes Thank Flag Link Mon Nov 5, 2012
I don't have an answer to your question because I am located in the Eugene area, but I know who has the BEST answer and he works in the Portland area:

Please contact Chris Suarez, with PDX Property Group at Keller Williams:

email: chris@pdxpropertygroup.com
phone: 503.748.8300
web: http://www.pdxpropertygroup.com/agents/chris-suarez/
0 votes Thank Flag Link Thu Nov 1, 2012
Amazingly enough - it is hard to do a price per sq foot. Not every condo or home in the area will have the same features. You may have a large living room but tiny bedrooms, in comparison to someone have the "perfect" kitchen and large bedrooms, so on and so forth. You need an agent to come by and let you know what your property is worth!
0 votes Thank Flag Link Thu Nov 1, 2012
Hi there,

Currently with 6 active listings the price per sq ft is averaging $500. with prices ranging from $347,500 to $2,400,000. Pendings are averaging $377 per sq ft and range from $314,900 to $545,00. Solds from the last 5 months average $381 per sq ft ranging from $290,000 to $865,000. Avgerage Days On Market : 143 Avg List: $691,879 Avg Sold: $483,806.

Having just sold a condo in the Elliott, I'm familiar with SW 10th and all it has to offer with regards to marketing to Buyers...and that's what I do for a living, sales, marketing, and negotiate real estate contracts. If you would care to see what I could do for you that's above and beyond what other Real Estate Brokers offer to secure the best terms possible on your behalf, feel free to contact me.
Best regards,
Amiee L Gray, Principal Broker
Re/Max Equity Group
503-515-9119
agray@equitygroup.com
http://www.enjoylifhere.com
0 votes Thank Flag Link Thu Nov 1, 2012
If you decide the time is not right to sell it, renting it for a year or two is another option.
Check us out at http://www.LakesidePMC.com
0 votes Thank Flag Link Thu Nov 1, 2012
Which building? What floor? What kind of view? These and other considerations weigh into valuation. I would be happy to provide you with a CMA. Please email me at homes@jakeheelan.com or call 503-208-4269.
0 votes Thank Flag Link Thu Nov 1, 2012
We have just closed a condo on 11th. This is a great market for sellers with a very low inventory available for buyers. We have buyers and would love to have more details of your condo. I have some detailed market information to share with you. Best regards, John http://www.hatchhones.com
0 votes Thank Flag Link Thu Nov 1, 2012
I have the exact answer for you.

If you are in 1221 SW 10th Ave (6 active on the market), the active on the market price per square foot right this second is exactly $500. The pending price per square foot (4 pending right now) is $377 a square foot. The sold price per square foot for the last 6 months (10 have sold) is $378 a square foot.

Top 10% Agent in the U.S. Please take a moment to review my premiere marketing program at the link below.
0 votes Thank Flag Link Thu Nov 1, 2012
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