Portland’s Ritz-Carlton Residences: Luxury tower with stunning views and hotel perks…but only 11 of 132 units sold through 2025, with buyers demanding massive discounts averaging $274,000 off original prices. Cuts starting at 50% are anticipated as major repositioning rolls out in 2026.
This is a classic case of location, location, location—the developers priced it like the Pearl District, but Portland Downtown’s condo market had other ideas.
Full in-depth analysis, charts, sales data, and what it means for buyers/lenders/developers in my latest blog post:
Coda
Are you an agent in Portland who wonders why appraisers always do “x”?
A homeowner with questions about appraiser methodology?
If so, feel free to reach out—I enjoy connecting with market participants across Portland and the surrounding counties, and am always happy to help where I can.
And if you’re in need of appraisal services in Portland or anywhere in the Portland Region, we’d be glad to assist.
About the Author — Abdur Abdul‑Malik, SRA, ASA
Abdur Abdul‑Malik is the founder, author, and publisher of the Portland Appraisal Blog, where he produces original regional and neighborhood‑level housing analytics for the Portland Region. He is a certified residential appraiser serving Oregon and Washington, drawing on RMLS transaction data, public records, and custom segmentation models he has built.
He developed the Portland Appraisal Blog Affordability Index (PABAI), a payment‑based affordability metric built from actual RMLS sales. PABAI incorporates weekly updates based on the prevailing 30‑year fixed mortgage rate, providing a locally grounded measure of housing affordability across the region.
Learn more → PABAI explainer • mortgage rate series • full author bio
Portland Appraisal Blog 
