For the conservation-minded, environmentalism starts at home. Eco-friendly homes offer so much more than environmentally conscious construction, they can also be innovative, elegant, and ultra-luxurious, combining sustainable living with cutting-edge design.
Currently the market is in a “rebalancing” position. Think of it as a “market cooling.” Even though the economic fundamentals are strong – there is tight credit, greater down payment and no speculation in the market place. This is very different than the 2007 downturn which shared none of these fundamentals. If a home is priced correctly it will sell.
Million-dollar homes are still rare in metro Portland, but their share of the market has more than tripled in five years, according to the real estate website Trulia.
About 1 in 40 homes hit that threshold in the Portland area in 2018, Trulia said, up from 1 in 125 in 2013.
And while nearly all major metros are seeing an increase in million-dollar homes as prices rise across the nation, the shift has been more dramatic in Portland.
In 2013, Portland ranked 42 out of the 100 largest metros in its share of homes valued over $1 million. In 2018, it had climbed to No. 28.
Home prices in the Portland area have climbed 47 percent since 2013, according to the S&P CoreLogic Case-Shiller index. The median home price topped $400,000 for the first time this year, according to the Regional Multiple Listing Service.
In the Bay Area, million-dollar homes have become the norm. The median San Francisco home value is $1.3 million, according to Trulia, and 81 percent of homes cost more than $1 million.
About 13 percent of Seattle-area homes are priced over $1 million. The median home price there is $565,000.
— Elliot Njus
The house designed by the firm of Foulkes and Hogue in 1913 for Dr. Ami Nichols is a prime example of Colonial Revival architecture in Portland. Well maintained at 1961 SW Vista Avenue, the Nichols House is an anchor for the other excellent Colonial Revival houses in its immediate neighborhood. In most aspects, the plan and façade are symmetrical. There is a hipped central roof and a kitchen wing to the rear. A large portico with balcony faces east toward the city, and it is supported by four Ionic columns, a design repeated in the corner pilasters. The house’s fine cornice is supported by modillions, and the entablature is dignified by egg-and-dart molding, all accomplished with unparalleled craftsmanship. The details extend to the recessed entrance porch and balcony above. At the entrance level, concave niches with a shell motif at the top align on either side of the entrance door. The main floor windows are unusual, with 1/1 panes and a transom light above. Quality of detailing is also found in the interior, where Ionic column theme is repeated in the large entrance hall. Further Colonial Revival characteristics are seen in the main stair, the built-in dining room buffet, and the fireplaces.
Classic Homes of Portland, Oregon 1850-1950, William J. Hawkins, III, and William F. Willingham
This estate is architecture at its visionary best: It engages, exhilarates and inspires. Casual daily living and lavish entertaining are embraced within this versatile residence. The fenced yard and gardens include a pool & spa, putting green, bocce court, water feature and outdoor dining area with a fireplace & built-in BBQ. This property is ideal for both formal and informal gatherings. Close to High Tech, Forest Park and NW Portland. For more information click here.