As somebody living in Portland, there just aren't many existing homes over 2500 square feet (relatively speaking, compared to other homes) in the first place. W

As somebody living in Portland, there just aren't many existing homes over 2500 square feet (relatively speaking, compared to other homes) in the first place. We have skinny blocks through most of the city, so there's less places for McMansions to even fit. The ones that do exist within city limits are generally $700K and up - if you want under that you'll need to look in a high-crime neighborhood. If you want an existing home over 5000 square feet within city limits, expect to pay upwards of $1.2 million if you want to live out towards the suburbs, or $1.5 million for something closer to dense walkable neighborhoods.