In 2017 Regional Multiple Listing Service reported that the Portland metro area had 1,498 properties listed at $1 million or higher, with 670 selling at that price point.
Matt Guy, managing Principal Broker for Living Room Realty, points out that pending sales of homes costing between $1 million and $2 million are up by 18 percent over the last year. New listings for such homes are up by 26 percent.
Yonette Fine, a Living Room Realty broker whose buyers primarily occupy the $1 million-plus range weighs in on what buyers in this price range want: “Quality of finishes is huge – features like commercial grade ranges, moveable walls, floor-to-ceiling windows, radiant floor heating, swimming pools, and custom built-ins of all types.” Guy said his primarily Eastside buyers look for “location, size of home, and the quality of the construction and finishes are important, but the ability to entertain and have a floor plan that allows for that is important as well.”
Click HERE to read the Portland Business Journal article to learn more about $1M listings and buyers.