Portland Luxury Homes

Portland Luxury Homes had a great year with 80 sales above the 2 million dollar mark ranging from $2,000,000 up to $6,900,000 with an average price per square foot of $432. Most of these sales occurred in SW Portland or Lake Oswego. The average days on market for these luxury homes that have sold in the last 12 months is 72 days. The average size of these luxury homes was 6330 square feet.

has a number of luxury estate homes that are of the pre-1940 vintage, in fact almost of all of the luxury estates sold in 2013 were 1940 or older. These homes were found mostly in Portland Heights and Dunthorpe. In Portland, the luxury homes are all about quality of workmanship. These old school homes have amazing wood work, box beams, wainscoting, hardwood floors, wood window frames, elegant staircases and formal living spaces.  The homes generally sit on estate sized lots, and sometimes have city, mountain, lake or river views.

The luxury homes in Lake Oswego tend to be newer. In fact only one of the luxury homes that made our top 21 list was built in the pre-war era. In Lake Oswego, it is all about the view. Homes on the lake snatch a premium price, but they certainly have the proverbial million dollar view.

Of course location and schools also play an important part in pricing luxury homes in Portland. Riverdale high school in the Dunthorpe neighborhood is considered the best high school in the state, and Lincoln High School (Portland Heights) and Lake Oswego Schools are considered top tier schools as well.