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™
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