Portland Condo Sales over One Million Dollars are increasing
Portland condo sales of luxury condos for over a million dollars is doing very well. 2012 sales of one-million-plus condo properties increased 267 percent over 2011. From 12 units to 32 units sold.
The first quarter of 2013 showed nine million-dollar-plus condos sold. The average million-plus sold price for the first four months of 2013 was $1,170,000. While the average price per square foot $491. The average square footage was 2,506.
Take a look at the Top Ten most expensive Portland condo sales for the first quarter 2013Price range: $1,050,000 to $1,440,000
- Price range: $1,050,000 to $1,440,000
- Average price per square foot: $528.50
- Number of bedrooms: eight 2-bedrooms, one 3-bedroom, one 4-bedrooms
- Average size: 2,275 square feet
- Location: 2 in Northwest District, 4 in Pearl District, and 4 in South Waterfront
As you can see all of the top ten most expensive condominiums are on the west side of Portland. All are close-in to the Willamette River. Four of the top ten are on the river bank in South Waterfront. The reason for this is the vast majority of our condo buildings, especially luxury condo buildings are on the west-side. The Pearl District and the South Waterfront are made up entirely of condominiums. West-side condos are also newer. Most are built from 1996 to 2008.
Five of the the top ten most expensive condos reside in LEED certified green buildings. The Encore, The Meriwether and Atwater Place are LEED certified green buildings. LEED certified building are more expensive to built and more expensive to buy.
#1 – The Westover #503 2454 NW Westover Rd: $1,440,000
3,179 square feet, two bedrooms, two and half baths
#2 The Westover 2445 NW Westover Rd #313: $1,275,000
2,444 square feet, two bedrooms, two and half baths
#3 – Johnson Street Townhomes 1142 NW Johnson St: $1,270,000
2,840 square feet, four bedrooms, three and half baths
#4 The Pinnacle – 1255 NW 9th Ave: $1,270,000
2164 square feet, three bedrooms, two and half baths
#5 – The Encore 949 NW Overton #1601: $1,125,000
1,820 square feet, two bedrooms, two
#6 – Park Place – 922 NW 11th Ave #101: $1,125,000
2,262 square feet, two bedrooms, two baths
#7 – The Meriwether – 836 SW Curry St #1904: $1,085,000
2,541 square feet, two bedrooms, two baths
#8,#9, & #10 – Atwater Place– 0841 SW Gaines St
#1808 2,237 square feet, two bedrooms, two and half baths $1,085,000
#111 2,452 square feet – two bedrooms, two and half baths $1,075,000
#2300 1,692 square feet – two bedrooms, two and half baths $1,050,000