It’s the nature of real estate’s seesaw. High-end homes take longer to sell than lower priced ones. That’s true, of course, if properties are priced right for the market.
Our monthly Bidding Wars series shows that lower-priced homes, which are affordable to more people and investors, often sell in a few days. Almost half of the residential transactions in this region go for more than their asking price, according to real estate database Estately.
In this week’s real estate gallery, we look at the top 10 priciest and cheapest homes in the Portland area and reveal the estimated monthly cost for mortgage principal, interest, property taxes and home insurance.
MOST EXPENSIVE HOMES FOR SALE
$74,403 a month: 1707 SW Schaeffer Road in West Linn is listed at $15 million, a price drop from $18 million when put on the market 470 days ago. Villa de l’or is set on 35.42 acres. The main house,