Market Update: $1,000,000 Houses in Portland, Betty Jung, All About Portland Blog


The other day in a post, I said the low end and the extreme high ends homes are selling. This Million $ market segment is doing better overall than some of the other price ranges have been doing in Portland’s metro areas. Although total market time for areas such as Lake Oswego (268 days), West Portland (169 days), and Tigard (180 days) are high, this $1,000,000 price range has had shorter market times per RMLS™. These stats do not include condominium, attached or townhouses, they only include single-family residential properties.

Below are the stats from RMLS™ at the Million $ price point and higher in areas 147 Lake Oswego (zip codes 97034, 97035), 148 SW Portland, and 151 Tigard (zip codes 97223, and 97224):

MILLION DOLLAR HOUSES 147-Lake Oswego
148-SW Portland
151-Tigard
2008-2009 Y.T.D.

# Houses for Sale 131 98 7
# Houses Pending 5 2 0
# Houses Sold 47 57 2
High List Price $19,500,000 $4,988,850 $3,999,000
Low List Price $1,049,950 $1,080,000 $1,200,000
Average List Price $1,956,593 $1,783,814 $2,423,800
$ Sq. Ft. List Price $418 $331
Average Sq. Ft. Listed 4679 5383 4751
High Sold Price $3,150,000 $4,300,000 $3,749,000
Low Sold Price $1,030,000 $1,000,000 $1,200,000
Average Sold Price $1,496,919 $1,447,144 $2,474,500
$ Sq. Ft. Sold Price $337 $280 $454
Average Sq Ft. Sold 4646 5319 4951
Average Days On The Market 85 122 121
% Of Sold to Original List Price 89.93% 77.86% 88.9%
2007-2008 Y.T.D.

# Houses Sold 118 122 1
High Sold Price $5,250,000 $4,000,000 $1,100,000
Low Sold Price $1,000,000 $1,010,000 N/A
Average Sold Price $1,467,497 $1,441,579 N/A
$ Sq. Ft. Sold Price $332 $296 $394
Average Sq Ft. Sold 4426 4866 2792
Average Days On The Market 110 85 11
% Of Sold to Original List Price 91.52% 91.92% 79.14%
Source: RMLS™

Use of this article, photos and images without permission is a violation of federal copyright laws. (Copyright applies fully and automatically to any work — a photograph, a song, a web page, an article, pretty much any form of expression — the moment it is created. This means that if you want to copy and re-use a creative work in another format, that you find online, you have to ask the author’s permission to re-use their information.)

(For more national and local real estate information, go to my website at http://www.bettyjung.com)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s