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Portland
condo market
It seems there is great
demand for the new condominums in portland metro area. Today I went
to the grand opening of Polygon homes, Tanasboune crossing condos.
The first phase was sold out when I reached there. People were talking
that they came to the condominium site at 5AM in the morning! Is Portland
going to become like bay area or is it just a hype created by builders.
Another new townhome community
is coming up in Bethany area. These townhomes are constructed by Arbor
homes. The prices are starting from $280K. This is the base price
without any upgrades. There are also the sales agent said that they
are sold out and we will have to wait for the next release.
Living large in small spaces
Condominiums
with less than
1,000 square feet are some of the hottest properties in
Portland's
new-home market, attracting a wide spectrum of buyers, from empty-nesters
trading yardwork for travel to singles or couples trading space for
luxury finishes and better neighborhoods. A look at three new developments
shows how the right combination of storage, visual continuity and
neighborhood all work to create a "living large" feeling in a compact
new home. Buyers at the 27-unit Andria Condominium at Southeast Belmont
Street and 42nd Avenue range in age from early 20s to 80s, said Barbara
Durrett, a broker with John L. Scott.
"They're practical -- they
don't want yardwork and they're tired of the stuff that comes with
a big home," Durrett said. Condo buyers still have "stuff," though,
so Andria has large individual storage rooms in the basement, along
with a special room for bike storage. All units except studios come
with one covered parking space. At Tanasbourne Place, a condominium
project in Beaverton by Polygon Northwest, all the condos have small,
attached garages. With a little planning and installation, owners
can create extra storage space on the garage walls. In the one-bedroom
Tanasbourne condos, a walk-in closet in the bedroom and a laundry
room offer more nooks and crannies. The laundry room is downsized
to a washer/dryer closet in the two-bedroom models and the walk-in
closet is a bit smaller, but the trade-off is one more bedroom and
one more bath. "The attached garage is important for our buyers,"
said Elizabeth Chichavich, Polygon's on-site sales representative.
"It makes the condo feel more like a traditional home, where you can
put all your extra stuff out of sight." At Benson Tower, now being
built on Southwest 11th Avenue in downtown Portland, underground parking
is included and buyers may purchase garage storage space. They can
even buy a spot in the wine storage area for their favorite vintages.
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