Generally speaking, for active condo listings in the downtown area, the average price per square foot is approximately $358. For properties that have sold in the past 3 months, the average price per square foot is $311. The corresponding price per square foot based on the listing price of those units sold is $325. So the units that have actually sold have an average price per square foot that is lower than the average price per foot of the currently active listings. Of course, the downtown area has several different neighborhoods and the price per square foot may be different depending on the area you would like to live. The price per foot also changes depending on the building or complex.
Your second question is more difficult. Only the tax assessor knows for sure about the correlation between the actual market value and the County's market value. Some properties show a County market value that is very close to the actual market value, while others are way off the mark.
I would be happy to talk with you further about the specifics of the property you have in mind.
Real Estate Broker, J.D.
The Portland Home Team
Keller Williams Realty Professionals
9755 SW Barnes Rd. Suite 560
Portland, OR 97225
Combining a lawyerâ€™s experience
with a passion for real estate.