Not really, but you do have sweeping South East views from the living room, bedroom and private deck. Enjoy views of the city, Willamette river and Mt. Hood. This spacious one bedroom plus den condo is in the LEED Silver Encore Condos. Sophisticated kitchen with gas appliances, quartz countertops and island. High ceilings and hardwood floors throughout make the space feel light and bright. Large master bedroom with custom walk in closet. Parking and storage included. Walk to all the best in the Pearl and take advantage of the Fields Park as your backyard!
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.
Over the past two years it seems there have been cranes on every corner and they were all building new apartments. As most of these apartments are coming to market renters in the city core are feeling a little relief in the search for a rental home.
The number of units that have been completed recently are creating a slight renters market. These new apartments are offering move in specials and concessions. Established rental buildings are being forced to follow suit to attract renters. This is a much needed change from the explosive rent growth over the past few years in Portland. A cooler rental market leads to more opportunity for first time home buyers to prepare for a home purchase through savings and credit strength.
Read the OregonLive Article