The increasing number of wealthy buyers coming to Portland has energized the luxury market. From 2015 to 2016 in Portland home purchases above $800,000 have increased 21.5% and above $1,000,000 the increase is 27%. Luxury Portfolio International projects 25% of the wealthy in the US plan to purchase real estate in the next 3 years and globally 45% of the wealthy plan to purchase in that time frame.
In Portland luxury is defined by location, history, architectural significance and is generally above the $750,000 price point. While prices continue to increase in Portland this $750,000 price point is beckoning more common place in desirable neighborhoods.