The small number of Portland homes for sale and historically low mortgage rates have owners of well-priced, single-family houses receiving quick offers while sales of turnkey condominiums with concierge services and killer views have stalled due to the coronavirus pandemic, say real estate agents.
Low condo sales, which had been lagging before stay-at-home orders were issued in late March, have owners motivated to make a deal, says Sean Z. Becker of Portland-based Sean Z Becker Real Estate.
The uncertainty of the coronavirus and “headlines of civil unrest” have some home shoppers steering clear of dense urban housing, says Becker, who has been selling real estate for 16 years.
Although the fundamentals of living in a condominium in the city are the same – single-level living and the simplicity of a second home in a nice climate or near grandchildren – buyers in a…
