Today I’m talking about one-level properties and “master-on-the-main” properties. In the last several years and especially the last 18 months, I have noticed this trend where buyers are coming to us and asking specifically for these types of properties.
Why is this so significant? What we’re finding is that there are a huge number of people that are retiring, downsizing, or dealing with health problems which require living in a one-level house who are requesting these properties.
These property types are so popular that we are seeing one-level properties being sold for more money than similar homes that have two levels. According to the statistics, 10,000 people retire every day. Of this group of people, a lot of them are looking to downsize their large homes and move into a smaller space with fewer stairs.
Because we have so few one-level homes in the Portland metro area, the next best option for these buyers is a master on the main home, which features the master bedroom on the main floor of the property. We are also seeing these properties sell quicker and for more money. Recently, I had a client who bought a three-level property because it had a master on the main and they really needed that bedroom on the first floor.
Why don’t we have more one-levels in Portland? The reason for this is because we don’t have a lot of planned communities in Portland due to the eclectic development of the city, and it costs more money for builders to build one level homes.Because it’s a one-level, they need a large lot size to plan out the rest of the house and have adequate enough square footage for the other living spaces.
If you or someone you know is interested in these types of properties, please contact us. Due to higher demand, we are starting a list of those interested so that we can make sure that if one comes on the market, they are notified of it first.
If you have any other questions or you’re looking to buy or sell a home in the Portland area, give me a call. I’d be happy to help.