February 22, 2012

John Ross in Portland has sold out

ross2

So, is this a good sign or a bad one?  The good news is that the 31-story John Ross Condominium tower in Portland has sold out all of its 303 units.  The bad news is that they started selling in March of 2007 and even had an auction back in April.  Admittedly that was a terrible time to start selling condos, but Portland is one of the few large cities the country that are growing, and the units were  re-priced some time ago to the mid-$100's.   The final unit was a 636 square foot studio … [Read more...]