Thanks to Stephanie for sending in an email about this condo with the note: "Here's a condo in the downtown area. It looks like it sold for $525,300 in April 2006 (per Portland Maps). It's on the market today for $436,999. What's the story on this?" MLS#8018072
That's a 17% decline in one year. Ouch.
It doesn't appear to be a foreclosure, at least I couldn't find it on RealtyTrac.
Based on Portland Maps the property tax jumped from $1890 in 2006 to $6100 in 2007.
Is this a sign that the condo glut is starting to push down prices? I don't know anything about this building, any readers know more?
