Redfin Portland Loves Its Luxe Homes

Dated: May 28 2014

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While local home sales may be stalled — largely because of a supply shortage —one end of the market is going gangbusters.

Redfin, the Seattle-based online real estate market, reports sales of Portland’s luxury properties are running 52.6 percent of last year while the rest of the market is down 3.5 percent. Redfin calculates that the minimum price to qualify for the top 1 percent of homes in Portland is $975,000 with an annual household income of $167,000. Forest Park, Forest Highlands and Southwest Hills accounted for the majority of luxury homes sold in Portland.

30.9 percent of luxury home buyers in Portland pay cash for their properties.
Nationally, sales of the top 1 percent of homes are running 21.1 percent ahead of 2013 while the balance of home sales are down 7.6 percent. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

1 comments in this topic

  • Posted by Beth Harlow
    Thanks Mark for being on the leading edge of realestate. The new website is excellent which is what we can always count on from you. Looking forward to finding a new place with you. Frank & Beth Harlow

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