The Pacific Northwest real estate market had an active year in 2020, beating projections that the high-end luxury homes in Washington and Oregon states would see a slower season. Here, members of the Haute Residence network of top real estate agents and agencies in the region give us their expectations for the 2021 real estate market in the Pacific Northwest.Photo Credit: LUXE Christie’s International Real Estate
"We saw an influx of out-of-state buyers coming to Oregon in 2020 despite expectations of a slowdown in the high-end luxury market, and we expect the same through at least the second quarter of 2021. Large homes are in demand, which reflects a new normal as buyers are maximizing space to enjoy life while working remotely." - Kendra Ratcliff, vice president and principal broker of LUXE Christie’s International Real Estate, Oregon.
Photo Credit: Christie’s International Real Estate - Seattle
"Seattle’s luxury market has been strong and resilient, and we see no signs of it slowing down in 2021. We’ve benefited from the exodus of residents from other states where high taxes have become burdensome. Plus, the strength of the high-tech industry is helping to fuel growth throughout the region. Overall, the Pacific Northwest remains a strong market." - Scott Wasner, co-founder and executive vice president of Christie’s International Real Estate Seattle.
Read more expectations for 2021 from members of Haute Residence, including the areas of the Caribbean, South Florida, the west coast of Florida, Southern California and Northern California, the New York tri-state area, and Canada.