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Portland’s Hot Luxury Real Estate Market

Portland has come to offer one of the hottest luxury real estate markets, ranking as 8th in the world! The rankings were based on a survey of over 100 affiliate markets (cities with at least 1 million residents), where a luxury property is defined as $1Million plus in price. In Portland however, costs for luxury property began at $2 Million where premium properties sold in under three months, and the market saw a 40% growth over last year.

Experts suggest the increase was caused by Portland’s booming tech industry, successful new entrepreneurs, and migration from “costlier” regions. Portland TV Station, KGW, reported that international buyers made up a majority of recent luxury sales, advertised to billionaires in China more specifically.

Currently, one of the most expensive homes in the Portland area is located in Portland West/Raleigh Hills area. This home was built in 1922 on 3 acres and is almost $7 million with over 8,000 ft.²

Here’s a full top ten list of hot luxury markets:

  1. Auckland, New Zealand
  2. Toronto, Canada
  3. Victoria, British Columbia
  4. Valencia, Spain
  5. San Francisco, California
  6. Jackson Hole, Wyoming.
  7. Costa Smeralda, Sardinia
  8. Portland, Oregon
  9. Sydney, Australia
  10. Stockholm Sweden

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