4.20.2008

SE 28th and Pine

One thing I think about a lot is the development I see in Portland. New construction and rehabilitations in Portland seem to be trending towards density and ownership, which reflects the increased value of property and the increasing population (a million new people in the region in 25 years.)

This building is a small apartment complex that was remade into condominiums. The sign says the "5 Luxury Condos" cost between $229K and $299K, 2 bedrooms, 1 bath.
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The prices are about right for a condo in this area. I couldn't find enough information on this property to give an accurate cost for square foot. For $350K you could buy a single-family home in the same neighborhood. That's where I get confused.

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